ITI Mutual Fund Ponders slew of scheme launches in Upcoming months
Latest News: Recently Fund House inaugurate ITI Liquid Fund and ITI Multicap Fund in April 2019 and ITI Long Terms Equity Fund in July 2019 and now it is going to launch one more fund named as ITI Arbitrage Fund on August 20, said George Heber Joseph, Chief Executive Officer, and Chief Investment Officer, ITI Mutual Fund.
Apart from that, AUM of their maiden equity fund, ITI Multicap Fund, has increased from Rs 19 crore to 29 crores as on July 31, 2019. Subscription to the latest fund offer – ITI Long Term Equity Fund, a tax-saver equity scheme with a lock-in period of three years, is ongoing since July 15 and will close on October 14, 2019.
“In the Next 10 years, Fund House aimed to be in the top 10 positions among asset management companies in India. However, he refrained to share any AUM target for the coming years” said George. Moreover, it prepared a plan to launch asset allocation products, large-cap fund, and overnight funds in the next months.
George believes the risk-reward is much more favorable in large-cap stocks compared to the mid and small-cap segments of the market, which is still trading at above-average valuations. In spite, there are few mid & small-cap stocks that are attractive at this point in time and being analysis by the fund house for accumulation.
The Investment Trust of India Ltd ( ITI) is the promoter of the ITI Mutual Fund. ITI Group is an innovative, conservative and emerging ﬁnancial services conglomerate that has interests in various ﬁnancial services businesses.
Disclaimer: This post is just information about the scheme. It does not give any advice or recommendation. Mutual Fund investments are subject to market risk. Please read the offer document carefully before investing.