Introducing ITI Large & Mid Cap Fund: A Balanced Approach to Market Volatility
Aug 23, 2024
ITI Mutual Fund has launched ITI Large & Mid Cap Fund
It is an open-ended equity scheme investing in both large cap and mid cap stocks.
Large & mid cap funds are particularly suitable in the current market volatility of 2024 due to their balanced investment strategy that capitalizes on the strengths of both large-cap and mid-cap stocks.
Large-cap companies, known for their stability, strong market positions, and consistent earnings, provide a cushion against market fluctuations. In the current market, where certain sectors are experiencing rapid changes, mid-cap stocks can benefit from these shifts, providing opportunities for significant capital appreciation.
Moreover, the dynamic management of large & mid cap funds allows fund managers to reallocate investments based on market conditions, economic indicators, and company performance.
[Read: Best SIP Mutual Funds with High Returns: Quant Large & Mid Cap Fund vs Bandhan Core Equity Fund]
The investment objective of the Scheme is to seek to generate long term capital appreciation by investing in equity and equity related securities of large cap & mid cap stocks. However, there can be no assurance that the investment objective of the scheme would be achieved.
Under normal circumstances, ITI Large & Mid Cap Fund will hold an allocation of 75% to 100% in Equity and Equity related Securities out of which 35% to 65% in Large Cap Companies, 35% to 65% in Mid Cap Companies and 0% to 30% in Small Cap Companies, 0% to 30% in Debt and Money Market Instruments, 0% to 10% in Units issued by REITs & InvITs.
ITI Large & Mid Cap Fund will invest in Equity and Equity Related Instruments of Large Cap & Mid Cap companies with strong growth and sustainable business models, whilst managing risk. The Scheme may also seek participation in other equity and equity related securities to achieve optimal portfolio construction.
The portfolio will be built utilising a bottom-up stock selection process, focusing on appreciation potential of individual stocks from a fundamental perspective. 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 Large & Mid Cap Fund is benchmarked against the Nifty Large - Midcap 250 Index
ITI Large & Mid Cap Fund will be managed by Mr Vishal Jajoo and Mr Rohan Korde
ITI Large & Mid Cap Fund is open for subscription from August 21, 2024 to September 04, 2024. The fund will reopen for continuous sale and repurchase on September 18, 2024.
The minimum subscription amount is Rs 5,000/- and in multiples of Re. 1 thereafter.
The fund offers Direct Plan and Regular Plan. Under each plan the fund offers Growth option and Income Distribution cum Capital Withdrawal.