ITI Focused Equity Fund will invest in a highly concentrated portfolio of 30 companies across market capitalisations.
The minimum application amount is Rs 5,000 and in multiples of Re 1 thereafter. The fund will be jointly managed by Dhimant Shah and Rohan Korde.
ITI Focused Equity Fund will be benchmarked against Nifty 500 Total Return Index.
The fund will invest predominantly in equity and equity-related securities of up to 30 companies across various market capitalisation.
The NFO is suitable for those investors who are looking to invest with a long-term horizon.
Announcing the launch of the NFO, Rajesh Bhatia, Chief Investment Officer, ITI Mutual Fund, said, “As a fund house, it has been our endeavour to come out with products which meet the risk appetite of our investors. ITI Focused Equity Fund is a concentrated portfolio, and we hope to bring the benefits of growth drivers and growth leaders of many sectors to our investors on a long-term basis. With proven track record and a sound philosophy of investment, ITI Mutual Fund is focussed on offering investment solutions to all investors with varied risk appetites”.
