ITI Mutual Fund launches ITI Conservative Hybrid Fund

According to the fund house, the scheme will have high flexibility as it adjusts debt and equity allocation based on the current market scenario, aiming for consistent returns with active debt management and passive equity management.

The New Fund Offer (NFO) for ITI Conservative Hybrid Fund opened on February 21 and will close on March 7. The scheme will be jointly managed by Vikrant Mehta and Pradeep Gokhale.

The minimum investment during the NFO period is 5,000 and thereafter in multiples of Rs.

The scheme seeks to generate regular income through investment in debt and money market instruments along with capital appreciation through limited exposure to equity and equity related instruments.

Announcing the launch, George Heber Joseph, Chief Executive Officer and Chief Investment Officer, ITI Mutual Fund, said, “The fund will have a minimum exposure of 75% to high quality debt securities and the remaining balance will be invested in equities and Nifty Index. Equity related instruments of companies related to. The equity exposure will be between 10%-25% of the AUM and will be dynamically managed to give a seamless investment experience to the investors.

This is the 16th fund by ITI AMC in its two year journey.

The current AUM of the fund house is 2,661 crore till January 31. Out of the total AUM, equity AUM is accounted for 1,869 crore while hybrid and debt schemes accounted for 580 crore and 212 crores respectively.

The geographical spread of AUM is diversified with the top five cities accounting for 38.25%, the next 10 cities accounting for 23.70%, the next 20 cities having a share of 18.18%, the next 75 cities having a share of 15.15% followed by 4.72%. Share with others.

ITI Mutual Fund is sponsored by The Investment Trust of India Limited and Fortune Credit Capital Limited.