ITI Mutual Fund launches ITI Long Term Equity Fund

Mutual Fund
Jul 15, 2019 by Advisorkhoj Team | Mutual Fund | 3 Downloaded

NFO period: 15th July – 14th October, 2019


  • An open-ended equity linked saving scheme with a statutory lock-in of 3 years and tax benefit under section 80C of the Companies Act, 1961

  • Follows bottom-up, benchmark and sector agnostic stock picking style

  • Fund seeks to invest across market cap segments

  • No entry and exit load

Mumbai, July 15, 2019: ITI Mutual Fund has announced the launch of its third fund ‘Long Term Equity Fund’. The NFO will open for subscription from July 15, 2019 to October 14, 2019. The benchmark for the Fund is Nifty 500 Total Return Index and will be managed by George Heber Joseph and Pradeep Gokhale. The Fund will have a concentrated portfolio and will be market cap and sector agnostic in its investment approach.

“ITI Mutual Fund aims to offer high-quality investment solutions to investors seeking long term wealth creation. We are pleased to offer the Long-Term Equity Fund to investors which will help them gain on investments as well as save tax. The fund adopts long-term investment approach in sound companies which can generate superior risk adjusted returns. The fund seeks to generate alpha by actively managing exposures relative to benchmark - Stock exposures; Sector weightages and Dynamic allocation to different market cap segments. Our focus is on investing in sound businesses which we understand well,” Mr George Heber Joseph, CEO & CIO, ITI Mutual Fund said.

“ITI Mutual Fund follows the investment Strategy GARP (Growth At Reasonable Price )and not growth at any price, he further added.”

The scheme aims to generate long-term capital appreciation through a diversified portfolio of equity and equity-related securities. The fund will generally be minimum 90% invested. The number of stocks envisaged in the fund is between 40 and 70. The minimum initial investment in the scheme will be Rs 500 and multiples of Rs 500 thereafter. The scheme will invest minimum 80 per cent in equities and maximum 20 per cent will be invested in short-term debt and money market instruments.

Company Information:

ITI Mutual Fund is an innovative investment company promoted by The Investment Trust of India Ltd. Using the S-Safety Q-Quality L-Low Leverage investment philosophy, ITI Mutual Fund offers Investor Centric products that offer superior investment performance with better risk adjusted returns over the long term. With a defensive/ aggressive method, ITI Mutual Fund manages various risks like overall market valuation risks, sector over valuation risks and visible macro-economic challenges.

The SQL philosophy:

Invest in stocks with more Safety margin

Invest in Quality companies that have sound balance sheet with strong leadership and growth ambitions

Invest in Low leverage companies that are generally cash rich

Highlights of the NFO:

  • Scheme type – An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit

  • Investment objective – To provide long-term capital appreciation by investing predominantly in equity and equity related securities. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved. The scheme does not assure or guarantee any returns.

  • Product suitability – The product is suitable for investors who are seeking capital appreciation over long term by Investing in equity and equity related securities. Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

  • Minimum Application Amount – First investment is Rs. 500/- and in multiples of Rs. 500/- thereafter

  • Plan/ Options available – Direct Plan and Regular Plan having Growth Option and Dividend Option (only Dividend Payout facility).

  • Fund Managers – Mr. Pradeep Gokhale and Mr. George Heber Joseph

  • Benchmark – Nifty 500 Total Return Index

(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)

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