ITI MF introduces Bharat Consumption Fund
ITI Mutual Fund has launched ITI Bharat Consumption Fund, an open-ended equity scheme following consumption theme. The NFO opens for subscription on February 06, 2025 and closes on February 20, 2025. The Entry Load is not applicable for the scheme. The Exit Load will be 0.50% - if redeemed or switched out on or before completion of 3 months from the date of allotment of units and Nil - if redeemed or switched out after completion of 3 months from the date of allotment of units. No Entry / Exit Load shall be levied on units allotted on Reinvestment of Income Distribution cum Capital Withdrawal Option. The minimum subscription amount is Rs 5,000 and in multiples of Rs 1 thereafter.
The performance of the scheme will be benchmarked against Nifty India Consumption Total Return Index (TRI) and its fund managers are Rohan Korde, Dhimant Shah and Rajesh Bhatia.
The investment objective of the scheme is to generate long-term capital appreciation by investing primarily in Equity and Equity related securities of companies engaged in consumption and consumption related activities or allied sectors.
