ITI Value Fund: ITI Mutual Fund is launching a new fund offer (NFO), the ITI Value Fund. The fund will open on May 25, 2021 and will close on June 8, 2021. The fund has a minimum application amount of Rs 5000 and can be invested in multiples of Rs 1 thereafter. The ITI Value Fund is an open-ended equity scheme and will invest in a portfolio of equity and equity related instruments. It is the 12th fund of the ITI Mutual Fund House. Prior to this, ITI Mutual Fund has launched 11 major investment products in the market which have proved to be better for investors.
At the launch of the new NFO, ITI Mutual Fund Chief Executive Officer (CEO) and Chief Investment Officer (CIO) George Haber Joseph said that the fund house has been providing unique investment experience to its investors since its inception. He said that with Value Funds, our goal is to achieve long-term capital gains by identifying low-value stocks that have the potential to deliver better risk-adjusted returns over the long term on an ongoing basis.
Who should invest
This scheme can prove to be better for those who want to get better returns through long term investment. Those who follow the value oriented investment strategy. George Haber Joseph says that we are focusing on T30 towns and some B30 places from where we have got good support from investors. We are constantly making efforts to provide better investment products to our investors.
So far these schemes have been launched
So far ITI Mutual Fund has made ITI Multi Cap Fund, ITI Long Term Equity Fund (ELSS- Tax Saving Fund), ITI Arbitrage Fund, ITI Liquid Fund, ITI Overnight Fund, ITI Balanced Advantage Fund, ITI Small Cap Fund, ITI Banking and PSU Schemes like Debt Fund, ITI Large Cap Fund, ITI Mid Cap Fund and ITI Ultra Short Duration Fund have been launched.