ITI Asset Management Company Ltd (ITI AMC) has announced the launch of its ITI Large & Mid Cap Fund, an open-ended equity scheme set to tap into the burgeoning Indian market. The fund, available for subscription from August 21 to September 4, 2024, aims to invest in equity and related securities of the top 250 companies driving India’s economic growth.
Managed by veteran fund managers Vishal Jajoo and Rohan Korde, who have over 13 years of experience with ITI Mutual Fund, this new scheme targets long-term capital appreciation. “India is one of the world’s fastest-growing economies. We focus on companies with strong order books and predictable earnings, potentially yielding significant returns,” said Jajoo.
Investors can start with a minimum application of Rs 5,000 or opt for a Systematic Investment Plan with a minimum of Rs 500. The fund will have no entry load but a 0.5% exit load if redeemed within three months.In Guwahati, the introduction of the ITI Large & Mid Cap Fund is anticipated to attract substantial local interest. As the city’s financial landscape matures, investors are increasingly seeking diversified investment options to capitalize on India’s growth, aligning with the fund’s strategic focus on high-growth sectors.
