ITI Long Term Equity Fund

ITI Mutual Fund has launched a new fund called the ITI Long Term Equity Fund. It is an open-ended equity-linked saving scheme with a lock-in period of 3 years and tax benefit.

The aim of the fund is to generate wealth and long term capital appreciation through a diversified portfolio of equity and equity-related securities.

ITI Long Term Equity Fund, the new issue is open for subscription from 15th July 2019 to 14th October 2019. The New Fund Offer (NFO) price for the scheme is Rs. 10 per unit. 

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NFO NameITI Long Term Equity Fund
NFO Launch Date15th July 2019
Last Date for Application14th October 2019
Minimum Investment AmountRs. 500
Fund ManagersMr. George Heber Joseph
Mr. Pradeep Gokhale
RiskModerately high
BenchmarkNIFTY 500 TRI

Invest in ITI Long Term Equity Fund

You should follow the below-mentioned steps if, you wish to invest in this NFO: 

  • Log in to your Groww account. If you are a new user, sign up first – it operates online and takes 2-3 working days.
  • Decide the amount you would want to invest in ITI Long Term Equity Fund.
  • Email Groww support to, specifying the amount and the name of the NFO.

Before investing in the NFO, you must remember that it is an open-ended equity oriented mutual fund. Also, the minimum application amount is Rs. 500 and in multiples of Rs. 500 thereafter. Further, the minimum additional purchase amount is Rs. 500 and in multiples of Rs. 500 thereafter. The fund is expected to invest in 40 to 70 stocks across various market caps.

Investment Objective

The investment objective of this scheme is to provide long-term capital appreciation by investing predominantly in equity and equity related securities.

Plans And Options Available For Union Focused Fund

The scheme offers two plans, those are regular and direct. Under each plan there are two options:

  • Growth Option
  • Dividend Option
    Under the dividend option, there are further options of re-investment and payout.

ITI Long Term Equity Fund opened for subscription on 15th July 2019 and will stay open till 14th October 2019.

Investment Style And Asset Allocation

ITI Long Term Equity Fund is an open-ended equity oriented fund which will invest in a diversified portfolio of equity and equity related securities with an opportunity to save tax.

The scheme will invest 80% to 100% of its assets in equity market and up to 20% of its assets in short-term debt and money market instruments. Investment in equities and related securities always comes with high risks. So, a small share of investment in debt market with medium or low risks reduces the risk of the scheme to some extent.

The scheme will follow a bottom up approach and growth at reasonable price (GRAP) style in selecting the stocks with a long term view.

For sector and market cap based allocation of stocks, the fund will use their research driven methodology based on business cycles, earnings growth prospects, market valuations and liquidity.

Fund Manager

  • Mr. George Heber Joseph is the Chief Executive Officer (CEO) and Chief Information Officer (CIO) of ITI Asset Management Limited. He has over 17 years of work experience in fund management, equity research and capital markets.
    Previously he was working as a senior fund manager in ICICI Prudential Mutual Fund, where he was successfully managing few well-known schemes with assets under management exceeding Rs. 10,000 crores.
  • Mr. Pradeep Gokhale, a Chartered Accountant (CA) and Chartered Financial Analyst (CFA), is a senior fund manager at ITI Asset Management Limited. He has experience of more than 23 years in fund management and market research.
    Previously, he was working with Tata Mutual Funds, where he was managing few flagship schemes.

Who should invest in ITI Long Term Equity Fund?

This scheme is good for those investors who are willing to take some risk by investing in the equity market. As this is an equity linked saving scheme and comes with a lock-in period of 3 years, so it is suitable for investors who are seeking 

  • Long term capital growth.
  • Tax benefit.

ITI Asset Management Limited

ITI Asset Management Limited is a subsidiary of The Investment Trust of India (ITI) that was incorporated in 1991. The Investment Trust of India Limited is one of the largest financial services conglomerates. 

ITI  offers a range of products and services from lending, equities and derivatives trading, equity research, commodities trading, portfolio management services, distribution of mutual funds, IPO & insurance products, and investment banking services.

It has various schemes varying from equity to debt schemes and focuses on delivering high-quality investment solutions to the investors.


Investors of this fund should understand that this is an open-ended equity linked saving scheme with NIFTY 500 TRI as its benchmark, so there is a lock-in period of 3 years as well as high risk associated with the fund.

Moreover, equity market is highly volatile and nobody can accurately predict the market movements, so you should first match your risk profile with that of the scheme before investing in the same.

Further, you will have to keep your money invested for a period of 3 years, so consider investing your idle money which you will not need for next 3 years.

Also while investing you should know that it is a new fund offer and does not have a track record of returns. So, if you are not comfortable in investing in an NFO then you can always look to invest in a mutual fund with a good track record.

Happy Investing! 

Disclaimer: The views expressed in this are that of the author and not those of Groww

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.

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