ITI AMC launches ITI Multi Cap Fund

ITI Mutual Fund has launched ITI Muti Cap Fund. The scheme is an open ended diversified equity scheme. The new fund offer (NFO) of the scheme will open on April 25 and close on May 09.

The scheme will be managed by George Heber Joseph and Pradeep Gokhale.

The investment objective of the scheme is to generate long term capital appreciation from a diversified portfolio that predominantly invests in equity and equity related securities of companies across various market capitalization.


The fund will invest up to 65 per cent to 100 per cent of portfolio in equity and equity related securities across market capitalisation. And 0 to 35 per cent in debt and money market instruments.

The scheme will focus on SQL, its unique internal philosophy. SQL philosophy is based on three main pillars; S – Margin of Safety, Q – Quality of the Business and L – Low Leverage.

“SQL investment philosophy is unique in India but a globally proven investment philosophy which is designed towards creating long term wealth for investors. ITI MF believes that this investment philosophy would stand the test of time and follows from the overriding belief that "If we avoid the losers, the winners will take care of themselves,"says George Heber Joseph, CEO & CIO and also co-fund manager of the scheme.

The scheme is benchmarked to Nifty 500 Total Return Index. It will offer regular plan and direct plan. An investor can invest a minimum of Rs 1,000 (Rs 500 in case of SIP) and in multiples of Re 1 thereafter.