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ITI Large Cap Fund Floats On

April 01,2020

ITI Mutual Fund has launched a new fund named as ITI Large Cap Fund, An open ended equity scheme predominantly investing in large cap stocks. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 26 March 2020 to 09 April 2020.

The investment objective of the Scheme is to generate long term capital appreciation by predominantly investing in equity and equity-related securities of large cap companies.

The scheme will have two plans: regular and direct, each plan will have the following options:

Growth and Dividend Option (with Reinvestment and Payout options)

The scheme would allocate 80%-100% of assets in equity and equity related instruments of large cap companies with high risk profile, invest upto 20% of asset in equity and equity related instruments of other than large cap companies with high risk profile and invest upto 20% of asset in debt & money market instruments with low to medium risk profile and invest upto 10% of asset in Units issued by REITs and InvITs with medium to high risk profile.

The minimum application amount is Rs 5000 and in multiples of Rs 1 thereafter.

The minimum additional purchase amount is Rs 1000 and in multiples of Rs 1 thereafter.

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 10 crore under the scheme during the NFO period.

Entry Load: Not Applicable.

Exit Load: 1% if redeemed or switched out on or before completion of 12 months from the date of allotment of units;

Nil, if redeemed or switched out after completion of 12 months from the date of allotment of units

Benchmark Index for the scheme is Nifty 100 TRI.

The fund managers of the scheme are George Heber Joseph & Pradeep Gokhale.

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