ITI Mutual Fund has announced the launch of its 6th fund ‘ITI Balanced Advantage Fund’. The NFO opens on December 9, 2019, and closes on December 23, 2019. The Benchmark Index of the fund is CRISIL Hybrid 50+50 – Moderate Index.
The fund follows a Multi Cap strategy for equity investments and for the debt component, the fund invests only in high-quality debt instruments up to 3 years residual maturity. The fund
will be jointly managed by Mr. George Heber Joseph and Mr. Pradeep Gokhale.
“ITI Balanced Advantage Fund is an excellent investment solution for all types of investors which helps to ride through emotions of greed & fear smoothly. The fund has the potential to deliver consistent long-term risk-adjusted returns & smooth investing experience by dynamically allocating money between equity and fixed income instruments.
We are quite excited to offer this product to our IFA partners & investors and this is an outcome of our focus on product innovation, said Mr George Heber Joseph, CEO & CIO, ITI Mutual Fund.
The minimum initial investment in the scheme is Rs. 5000/- and in multiples of Re. 1/- thereafter. The additional application amount is Rs. 1000/- and in multiples of Re. 1/- thereafter. The scheme will have a minimum of 65% and maximum 100% allocation in equity & equity related instruments including derivatives; between 0% – 35% in debt money market instruments and between 0% – 10% in units issued by REITs and InvITs.
There is no exit load for redemption of 10% units allotted, on or before completion of 12 months from the date of allotment of units. Any redemption in excess of the above- mentioned limit would be subject to an exit load of 1% exit load if redeemed or switched out on or before completion of 12 months from the date of allotment of units and nil, thereafter.
ITI Mutual Fund aims to offer the right product to the investors at the right time and bring a new paradigm in Asset Management space by focusing on unique investment philosophy – SQL (S – Margin of Safety, Q – Quality of the business and L – Low Leverage). The objective of the fund house is to generate consistent & superior investing experience for all our investors.
Highlights:
- ITI BAF is an open-ended dynamic asset allocation fund.
- An all-rounder fund suitable for all types of investors
- The fund uses a research-based asset allocation framework and dynamically allocate money between equity and debt.
- The Asset Allocation Framework is based on Valuations, Trend and Volatility
- Offers monthly and quarterly Systematic Withdrawal Plan (SWP) and fixed amount SWP of 0.75% per month
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