ITI Mutual Fund House has launched the 13th fund. ITI Mutual Fund is launching a new Fund Offering (NFO) ITI Dynamic Bond Fund. This NFO will open on 25 June and will be able to apply till 9 July 2021. The minimum application amount in this is Rs 5000 and after that you can invest in multiples of Rs 1. The benchmark index of the bond fund is fixed by the fund house as CRISIL Dynamic Debt Index. ITI Mutual Fund commenced its operations in April 2019 and has so far launched 12 mainstream investment products in the market for the investors.
The purpose of the fund is
The objective of the fund is to achieve maximum returns through proactive management of the portfolio. This includes debt and money market instruments. The fund will adopt a strategy for investing which is designed to provide investors with the benefits of dynamic fund management through flexible asset allocation and active duration management.
According to George Heber Joseph, CEO and CIO of ITI Mutual Fund, ITI Dynamic Bond Fund aims to meet the needs of investors who are looking for an all-season product. It aims to provide stable returns by investing in debt and money market instruments.
Earlier 12 schemes have been launched
ITI Mutual Fund house has launched 12 schemes for investors before ITI Dynamic Bond Fund.
- 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 Debt Fund
- ITI Large Cap Fund
- ITI Mid Cap Fund
- ITI Ultra Short Duration Fund
- ITI Value Fund
(Note: Investment in Mutual Funds is subject to market risks. Before investing in this, read the scheme documents carefully.)