ITI Mutual Fund launches ITI Overnight Fund

Mutual Fund
Oct 9, 2019 by Advisorkhoj Team | Mutual Fund | 5 Downloaded

NFO period: 09th October – 23rd October, 2019

Highlights of the NFO:

  • Scheme type – An open ended debt scheme investing in overnight securities

  • Investment objective – The investment objective of the scheme is to provide reasonable returns commensurate with low risk and providing a high level of liquidity, through investments made primarily in overnight securities having maturity of 1 business day. However there can be no assurance or guarantee that the investment objective of the scheme would be achieved.

  • Product suitability – The product is suitable for investors who are seeking regular income with low risk and high level of liquidity by investing in money market and debt instruments with overnight maturity.

  • Minimum Application Amount – First investment is Rs. 5,000/- and in multiples of Rs. 1/- thereafter

  • Plan/ Options available – Direct Plan and Regular Plan having Growth Option and Dividend Option.

  • Fund Managers – Mr. Milan Mody and Mr. George Heber Joseph

  • Benchmark – CRISIL Overnight Index

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

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