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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.

Invest in direct mutual funds

  • Enjoy 0% commission
  • SIP starting at ₹500

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 

  • Payout of Income Distribution cum capital withdrawal option
  • Reinvestment of Income Distribution cum capital withdrawal option
Minimum SIP amount Rs. 500 and in multiples of Re. 1 thereafter

Fund Managers 

Mr Pradeep Gokhale

He has experience of 24 years of 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.

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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.