Mutual Fund News : ITI Mutual Fund launches ITI Small Cap Fund

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ITI Mutual Fund has launched ITI Small Cap Fund. It is an open ended equity scheme predominantly investing in small cap stocks.

The investment objective of the Scheme is to generate capital appreciation by predominantly investing in equity and equity related securities of small cap companies. However, there can be no assurance that the investment objective of the scheme would be achieved.

The performance of the fund will be benchmarked against Nifty Small cap 100 TRI (Total Return Index).

The fund will be managed by Mr George Heber Joseph and Mr Pradeep Gokhale.

The NFO opens for subscription on January 27, 2020 and closes on February 10, 2020.

The New Fund Offer is priced at Rs 10 per unit and the minimum application amount for initial purchase is Rs 5,000 and in multiples of Re 1 thereafter.

The scheme offers Direct Plan and Regular Plan having Growth Option and Dividend Option (with Reinvestment and Payout options).