ITI Mid Cap Fund Details – High Risk Profile

ITI Mid Cap Fund Details - High Risk Profile

ITI Mid Cap Fund Details

ITI Mutual Fund is a known long-term wealth creator. On 15th Feb 2021, the MF has launched its NFO named ITI Mid Cap Fund. It is an open-ended equity scheme.

On the other hand, offer of units of Rs. 10/- each for cash during the NFO. Moreover, the continuous offer for units at Net Asset Value-based prices. The scheme will close for subscription on 1st March 2021. However, it will reopen on or before March 15th, 2021, for continuous sale and repurchase.

Besides, the scheme predominantly investing in Mid-cap stocks which are related to equity and equity-related instruments of mid-cap stocks. However, the scheme is suitable for investors who seek capital appreciation over the long-term.

Basic Details of NFO:

 NFO Name  ITI Mid-cap Fund
 Type:  Open-ended equity scheme
 Subscription Period  Feb 15th, 2021 – March 1st, 2021
 Benchmark  Nifty Mid Cap 100 TRI
 Fund Manager

Further, the NFO is available in the regular and direct plan along with growth and dividend options.

The object of the scheme:

Moreover, the investment objective of the fund continues to seek to make a long-term capital appreciation for the most part investing in equity and equity-related securities of mid-cap stocks.

Minimum Investment:

Besides, the investors who want to invest in this scheme should invest a minimum of Rs. 5,000 and in multiples of Re. 1/- thereafter. Moreover, the additional purchase and minimum redemption amount should stand at Rs. 1,000 and in multiples of Re. 1/-. However, the scheme is available in the Systematic Investment Plan method.

Further, the entry load remains not applicable to this scheme. But, exit load applicable around 1% if redeemed or switched out on to before completion of 12 months from the date of allotment of units. 

Investment Pattern:

 Instruments  Indicative allocations (% of net assets)  Risk Profile
 Maximum  Minimum
Equity and Equity related instruments of mid-cap companies  100%  65%  High
Equity and Equity related instruments of other than mid-cap companies  35%  0%  High
Debt and Money Market Instruments  35%  0%  Low to Medium
Units issued by REITs and InvITs  10%  0%  Medium to High

Disclaimer: Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Before investment, refer to the SID and statement of additional information available free of cost at any of the Investor Service Centres or distributors.

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