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ITI Mutual Fund is launching a new fund offer for ITI Large Cap Fund. The NFO of the fund opens on December 4 and closes on December 18. The scheme will open on or before December 31 for regular transactions.

Read on to find out more about the fund!

What are large-cap funds?

Large-cap funds are mutual funds that invest most of their assets in stocks of large-cap companies. Large-cap companies are listed companies that are ranked 1 to 100 on the stock exchange in terms of the market capitalisation. The investment universe of large-cap stocks will have companies as defined by the Securities and Exchange Board of India (Sebi) from time to time.

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Read more on Groww: Large-Cap Mutual Funds

Investment Strategy

This fund will operate as an open-ended scheme investing in large-cap stocks, predominantly. Below is the indicative asset allocation for the fund:

Instruments Indicative Allocation (% of net assets) Risk Profile
Minimum Maximum High/Medium/Low
Equity & Equity related instruments of large-cap companies 80 100 High
Equity & Equity related instruments of other than large-cap companies 0 20 High
Debt and Money Market Instruments 0 20 Low to Medium 
Units issued by REITs & InvITs 0 10 Medium to High

Benchmark

The scheme will benchmark its performance against the Nifty 100 TRI index. NIFTY 100 represents the major sectors of the economy. It comprises top 100 companies based on full market capitalisation from NIFTY 500.

Fund Details

The mutual fund has direct and regular plans. Investors can opt for growth or dividend options. Under the dividend option, you can choose for dividend payout and dividend reinvestment facility.

Other details of the fund are as follows:

Name of the Fund ITI Large-Cap Fund
Type of Scheme An open-ended equity scheme investing in large-cap companies.
Benchmark Nifty 100 TRI Index
NFO Dates Opens on December 4, 2020, and closes on December 18, 2020
Fund Manager George Heber Joseph, Pradeep Gokhale
Minimum Application Amount/Minimum Purchase Amount (including switches) Rs. 5,000 and in multiples of Re. 1 after that
Minimum Additional Investment (including switches) Rs 1,000 and in multiples of Re 1 after that
Minimum SIP (monthly) Application Amount Rs 500 and in multiples of Re 1 after that
Minimum Redemption Amount Rs. 1,000 and in multiples of Rs. 1 thereafter or the account balance, whichever is lower. 

No minimum redemption criterion for unit-based redemption

Entry Load Nil
Exit Load 1%: If redeemed on or before 12 months

Nil: If redeemed after 12 months

Plans Regular Plan and Direct Plan
Options Growth and Dividend Option (Payout, Dividend Reinvestment Option)

Fund Managers

George Heber Joseph

Mr Joseph has over 17 years of work experience in equity research, fund management and capital markets. He joined ITI AMC in November 2018. Previously he was working as a senior fund manager with ICICI Prudential AMC. 

Other funds managed by him are:

  • Co-Fund Manager of ITI Liquid Fund
  • ITI Multi-Cap Fund
  • ITI Long Term Equity Fund
  • ITI Arbitrage Fund
  • ITI Overnight Fund
  • ITI Balanced Advantage Fund
  • ITI Small Cap Fund
  • ITI Banking & PSU Debt Fund

Pradeep Gokhale

Mr Gokhale has over 24 years of experience in equity research, fund management and capital markets. He joined ITI AMC in November 2018. Prior to ITI AMC, he was working as a senior fund manager with Tata AMC.

Other funds managed by him are:

Investment in securities market are subject to market risks, read all the related documents carefully before investing. Please read the Risk Disclosure documents carefully before investing in Equity Shares, Derivatives, Mutual fund, and/or other instruments traded on the Stock Exchanges. As investments are subject to market risks and price fluctuation risk, there is no assurance or guarantee that the investment objectives shall be achieved. NBT do not guarantee any assured returns on any investments. Past performance of securities/instruments is not indicative of their future performance.

  • Co-Fund Manager of ITI Multi-Cap Fund
  • ITI Long Term Equity Fund
  • ITI Balanced Advantage Fund
  • ITI Small Cap Fund
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