ITI Mutual Fund Introduces ITI Flexi Cap Fund

Jan 28, 2023

ITI Mutual Fund has launched – ITI Flexi Cap Fund

It is an open-ended dynamic equity scheme investing across large cap, mid cap and small cap stocks.

Accordingly, the investment objective of the scheme is to generate long-term capital appreciation from a diversified portfolio that dynamically invests in equity and equity-related securities of companies across various market capitalisation.

However, there can be no assurance that the investment objective of the scheme would be achieved.

Under normal circumstances, ITI Flexi Cap Fund will hold an allocation of 65% to 100% of its assets in Equity and Equity Related Instruments 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 Flexi Cap Fund will generally invest in selected sectors and companies, which in the opinion of the fund manager have potential to grow or offer good returns. The selection of sectors would be driven primarily by the growth prospects and valuations of the businesses as per the discretion of the fund manager.

There will be no particular bias towards any market cap size or any sector. The universe of stocks is carefully selected to include companies having a robust business model and enjoying sustainable competitive advantages as compared to their competitors. The Scheme may also invest a certain portion of its corpus in debt and money market securities. Investment in debt securities will be guided by credit quality, liquidity, interest rates and their outlook.

ITI Flexi Cap 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 January 27, 2023 and closes on February 10, 2023. The schemes will reopen for continuous sale and repurchase on February 24, 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 option only.