ITI Mutual Fund Is Launching Its ITI Value Fund: Closing On June 8, 2021
ITI Mutual Fund has launched a new fund offer for ITI Value Fund. It is open for subscription between May 25 and June 8, 2021.
Read on more for details.
Investment Objective
The scheme seeks to generate long-term capital appreciation for its investors by following value investing strategies and investing in equity and equity-related instruments. However, there is assurance that the investment objective would be achieved.
Benchmark
Nifty 500 Value 50 TRI
The index consists of the top 50 companies from the Nifty 500 index based on its value score. The value score is calculated keeping various ratios in mind like earnings to price, sales to price ratio (S/P), book value to price, and dividend yield.
Asset Allocation
| Instruments | Indicative allocation (% of net assets) | Risk Profile | |
| Minimum | Maximum | High/Medium/Low | |
| Equity & Equity related instruments, including derivatives | 65% | 100% | High |
| Preference Shares | 0% | 10% | Medium to High |
| Debt and Money Market Instruments | 0% | 35% | Low to Medium |
| Units issued by REITs and InvITs | 0% | 10% | Medium to High |
Fund Details
| Name of the scheme | ITI Value Fund |
| Type of the scheme | An open-ended equity mutual fund following a value investment strategy |
| NFO Dates | May 25 to June 8 2021 |
| Benchmark | Nifty 500 Value 50 TRI |
| Fund Managers | Mr Pradeep Gokhale
Mr Rohan Korde |
| Minimum application amount | Rs. 5,000 and in multiples of Rs. 1 thereafter |
| Minimum additional application amount | Rs. 1,000/- and in multiples of Rs. 1/- thereafter |
| Minimum redemption amount | Rs. 1,000/- and in multiples of Rs. 1/- thereafter or the account balance, whichever is lower. |
| Load | Entry Load – Not Applicable
Exit Load – • 1% if redeemed or switched out on or before 12 months from the date of allotment of units; • Nil, if redeemed or switched out after 12 months from the date of allotment of units. |
| Plans | Direct and Regular |
| Options | (i) Growth Option; and
(ii) Dividend Option
|
| Minimum SIP amount | Rs. 500 and in multiples of Re. 1 thereafter |
Fund Managers
Mr Pradeep Gokhale
He has experience of 24 years in areas such as equity research, fund management, credit evaluation and ratings.
Before ITI MF, Mr Gokhale was a senior fund manager with Tata AMC and the Head of Financial Sector and Securitisation Ratings at CARE Ratings Ltd. He has also worked in the finance departments of Bombay Dyeing, Tata International and Lubrizol India.
He is also the co-fund manager of the following funds:
- ITI Multi-Cap Fund
- ITI Long Term Equity Fund
- ITI Balanced Advantage Fund
- ITI Small Cap Fund
- ITI Large Cap Fund
- ITI Mid Cap Fund
Mr Rohan Korde
He has experience of 17 years in the capital markets space. Previously he was associated with BOB Capital Markets, Prabhudas Lilladher and Anand Rathi Share & Stock Brokers.