ITI Mutual Fund has launched a New Fund Offer (NFO) for ITI Multicap Fund, an open-ended scheme investing across large cap, mid cap and small cap stocks. The NFO period begins on April 25, 2019 and will close on May 9, 2019. The scheme will open for continuous subscriptions and redemptions on or before May 16, 2019.
Asset Allocation of ITI Multicap Fund
Under normal circumstances, ITI Multicap Fund will allocate its assets across different asset classes in the following manner:
| Asset Class | Asset Allocation | |
| Minimum | Maximum | |
| Equity and equity related securities across market cap | 65% | 100% |
| Debt & money market instruments | 0% | 35% |
The Scheme may invest in securitised debt up to 35% of ITS net assets.
Benchmark of ITI Multicap Fund
The performance of ITI Multicap Fund will be benchmarked against NIFTY 500 Total Returns Index (TRI). The return details of the index are as follows:
| Index | 1 Year Return | 3 Year Return | 5 Year Return |
| NIFTY 500 Index (TRI) | 9.70% | 15.88% | 14.42% |
(Data as on March 31, 2019; Source: Pulse Labs)
Fund Managers of ITI Multicap Fund
ITI Multicap Fund will be jointly managed by Mr. George Heber Joseph and Mr. Pradeep Gokhale.
Key information about Indiabulls Banking & PSU Debt Fund NFO
| NFO period | April 25, 2019 – May 9, 2019 |
| Minimum Application Amount | Rs. 1,000 |
| Exit load | 1% – Redemption within 1 year of the date of allotment
Nil – Redemption after 1 year of the date of allotment |
| Benchmark | NIFTY 500 Index (TRI) |
| Fund Manager | George Heber Joseph and Pradeep Gokhale |
1 Comment Comments
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