Publish Date:
ITI Mutual Fund has launched – ITI Focused Equity Fund
It is an open-ended Equity Scheme investing in maximum 30 stocks across market capitalization.
Accordingly, 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. However, there can be no assurance that the investment objective of the scheme would be achieved.
Under normal circumstances, ITI Focused Equity Fund will hold an allocation of 65% to 100% of its assets in Equity and Equity Related Instruments (of not exceeding 30 companies across market capitalization, 0% to 10% in Listed Preference Shares, 0% to 35% in Debt and Money Market Instruments and 0% to 10% in Units issued by REITs and InvITs.
As per the Scheme Information Document, ITI Focused Equity Fund aims to generate long term capital appreciation by investing in a concentrated portfolio of equity & equity related instruments of up to 30 companies.
The Scheme would adopt a mix of top-down and bottom-up approach of investing and will aim at being diversified across various industries and / or sectors and/ or market capitalization. The scheme would follow an active investment strategy and would invest in a maximum of 30 companies, using a mix of top down and bottom-up approach. The investment team shall scan the market for opportunities and shall evaluate the individual opportunities on their merits. The Scheme may also seek participation in other equity and equity related securities to achieve optimal portfolio construction. The universe of stocks is carefully selected to include companies having robust business models and enjoying sustainable competitive advantages as compared to their competitors.
ITI Focused Equity Fund’s performance will be benchmarked against Nifty 500 Total Return Index
The scheme will be managed by Mr Dhimant Shah, Mr. Rohan Korde and Mr. Tanay Gabhawala (overseas investments).
The NFO opens for subscription on May 29, 2023 and closes on June 12, 2023. The schemes will reopen for continuous sale and repurchase on or before June 23, 2023
The fund’s NAV is priced at Rs 10/- per unit during the NFO period. The minimum subscription amount is Rs 5,000/- and in multiples of any amount thereafter.
The scheme offers Regular Plan and Direct Plan each plan offers Growth and Income Distribution cum capital withdrawal option (IDCW) option.