ITI Mutual Fund is launching a new fund offer – ITI Dynamic Bond Fund. This mutual fund is open for subscription between June 25 and July 9, 2021.
Read on to find out more about the NFO.
The investment objective of the Scheme is to maximise returns through active management of a portfolio comprising of debt and money market instruments. However, there can be no assurance that the
the investment objective of the scheme will be achieved.
Indicative Asset Allocation
|Types of Instruments||Indicative allocation (% of total assets)||Risk Profile|
|Debt and Money Market Instruments across duration||0%||100%||Low to medium|
|Units issued by REITs and InvIT||0%||10%||Medium to high|
|Scheme name||ITI Dynamic Bond Fund|
|Type of scheme||An open-ended dynamic debt scheme investing across duration.|
|NFO Dates||June 25, 2021, to July 9, 2021|
|Fund Managers||Vikrant Mehta|
|Benchmark||CRISIL Dynamic Debt Index|
|Minimum Amount for Application during NFO||Rs.5,000 and in multiples of Re. 1/- after that.|
|Minimum Additional Application Amount||Rs.1,000 and in multiples of Re. 1/- after that.|
|Minimum Redemption Amount||Rs 1,000 and in multiples of Rs 1 after that or the account balance, whichever is lower.
No minimum redemption criterion for unit-based redemption.
|Load||a) Entry Load: Not Applicable
b) Exit Load: Nil
|Plans||Direct and Regular|
|Minimum SIP Amount||Rs 500 and in multiples of Rs 1 after that
(Please note that SIP is not allowed during the NFO period)
CRISIL Dynamic Debt Index comprises of CRISIL Sub Indices that track Gilts and AAA / AA / AA+ papers across short, medium and Long term maturity profiles.
Mr. Vikrant Mehta has more than 25 years of experience in fixed income markets. He has been associated with this AMC since January 2021.
Before ITI AMC, he was associated with organizations like Indiabulls AMC, PineBridge, NVS
Brokerage Private Ltd and JM Morgan Stanley Fixed Income Securities Pvt. Ltd.
Other funds managed by him:
- ITI Ultra Short Duration Fund
Co-Fund Manager of:
- ITI Liquid Fund
- ITI Overnight Fund
- ITI Arbitrage Fund
- ITI Banking & PSU Debt Fund
Mutual Investments are subject to market risks, read all scheme related documents carefully
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.