ITI Focused Equity Fund NFO: Everything you need to know

29 May 2023 , 10:39 AM

ITI Mutual Fund is launching NFO under its “Equity fund- Focused scheme”, named as ITI Focused Equity Fund. This open-ended fund seek to generate long term capital appreciation by investing in a concentrated portfolio of equity & equity related instruments of upto 30 companies across market capitalization.

Investment strategy: The Scheme aims to generate long term capital appreciation by investing in a concentrated portfolio of equity & equity related instruments of up to 30 companies. The Scheme would adopt a mix of top-down and bottom-up approach of investing and will aim at being diversified across various industries and / or sectors and/ or market capitalization.

Asset allocation: The Scheme would invest in Equity and equity-related Securities including but not limited to derivatives, listed preference shares, debt instruments, money market securities, equity warrants and convertible instruments.

Who should invest?

Investors with very high risk appetite and want to invest for 5 to 7 years in a mutual fund should invest in ITI Focused Equity Fund. 

Risk associated: Very high level of risk.

Benchmark: Nifty 500 TRI.

Fund Managers: Mr. Dhimant Shah, Mr. Rohan Korde, and Mr. Tanay Gabhawala.

The NFO is available for subscription from May 29 to June 12. The schemes will reopen for continuous sale and repurchase within five Business Days from the date of allotment. The fund offers systematic investment solutions like SIP and SWP to create a flexible investment plan. The minimum subscription amount is Rs 5000/- and in multiples of any amount thereafter. 

It offers Regular Plan and Direct Plan. Each plan offers Growth and Income options. Click here to invest in ITI Focused Equity Fund.