ITI Mutual Fund files offers document for Conservative Debt Hybrid Savings Fund
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ITI Mutual Fund has filed offer document with SEBI to launch an open-ended hybrid scheme named ‘ITI Conservative Debt Hybrid Savings Fund’. The New Fund Offer price is Rs 10. Entry load and Exit load will be nil. The Scheme offers growth and dividend options for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.
The performance of the scheme will be benchmarked with Nifty 50 Hybrid Composite Debt 15:85 Total Return Index. The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter.
The investment objective of the scheme is to generate regular income through investments in debt & money market instruments, along with capital appreciation through limited exposure to equity and equity related instruments.
