ITI Mutual Fund introduces Focused Equity Fund
ITI Mutual Fund has launched ITI Focused Equity Fund, an open-ended Equity Scheme investing in maximum 30 stocks across market capitalization. The NFO opens for subscription on May 29, 2023 and closes on June 12, 2023. The Entry load is not applicable for the scheme. Exit load will be 1% if redeemed or switched out on or before completion of 12 months from the date of allotment of units; and nil if redeemed or switched out after completion of 12 months from the date of allotment of units. The minimum subscription amount is Rs 5,000 and in multiples of Re 1 thereafter.
The performance of the Scheme will be benchmarked with Nifty 500 TRI (Total Return Index). Its fund managers are Dhimant Shah and Rohan Korde. Further, Tanay Gabhawala is the dedicated Fund Manager for making overseas investments as permitted under the Regulations, guidelines and circulars issued from time to time. The investment objective of the scheme is to seek to generate long term capital appreciation by investing in a concentrated portfolio of equity & equity related instruments of up to 30 companies across market capitalization.
