Udaipur : ITI Asset Management Company Ltd (ITI AMC) today announced the launch of ITI Large & Mid Cap Fund, an open-ended scheme that will invest in equity, equity related securities, primarilyin the top 250 companies engaged in India growth story. The scheme opens for subscription on August 21, 2024, and closes on September 4, 2024.
TheMF scheme aims to offer long-term capital growth by investing in companies actively involved in this dynamic sector, providing investors with a pathway to diversification and capital appreciation.
The fund will be managed by Mr. Vishal Jajoo and Mr. Rohan Korde – equity fund managers – who are associated with ITI Mutual fund formore than13 years and have a deep insight into the market.
The fund will offer investors an opportunity to invest in India’s growth potential, which is being driven by the trinity of structural, cultural and digital factors. The growth is led by a shift towards organized markets due to urbanisation and rising income levels. Increasing discretionary spending due to the rise of nuclear and aspirational families is creating a cultural influence, leading to higher consumption.
According to Mr Vishal Jajoo, Fund Manager at ITI AMC “India is one of the fastest growing economies in the world, and the “growth companies” would continue to command a premium for the visibility in earnings that they offer. We as a fund house adopt bottoms up approach in selection of scrips. There are companies available in the sector which have robust order books and providepredictable earnings over the next 2-3 years. This could result in these companies reporting significant improvement in return ratios going forward. When one corelates the present share price with the earnings of FY25-26, there are select companies insectors which could be worth investing and could be part of our fund.”
The minimum application amount for the scheme is Rs 5,000, while investors can invest through Systematic Investment Plan route at a minimum amount of Rs 500. The scheme will not have any entry load charges, while an exit load of 0.5% will be charged to investors if the units are redeemed or switched out on or before the completion of 3 months from the date of allotment of units.
