ITI Mutual Fund (MF) has launched the ITI Balanced Advantage Fund, an open ended dynamic asset allocation fund. The NFO opens for subscription on December 09, 2019 and closes on December 23, 2019. Entry load is nil and Exit load will be 10% of the units allotted may be redeemed without any exit load, on or before completion of 12 months from the date of allotment of units. Any redemption in excess of such limit in the first 12 months from the date of allotment shall be subject to 1%, if redeemed or switched out on or before completion of 12 months from the date of allotment of units and nil, if redeemed or switched out after completion of 12 months from the date of allotment of units. The minimum subscription amount is Rs 5000 and in multiples of Re 1 thereafter.
The scheme’s performance will be benchmarked against CRISIL Hybrid 50+50 – Moderate Index and its fund managers are George Heber Joseph and Pradeep Gokhale.
The investment objective of the scheme is to seek capital appreciation by investing in equity and equity related securities and fixed income instruments. The allocation between equity instruments and fixed income will be managed dynamically so as to provide investors with long term capital appreciation.
ITI Mutual Fund (MF) has launched the ITI Balanced Advantage Fund, an open ended dynamic asset allocation fund. The NFO opens for subscription on December 09, 2019 and closes on December 23, 2019. Entry load is nil and Exit load will be 10% of the units allotted may be redeemed without any exit load, on or before completion of 12 months from the date of allotment of units. Any redemption in excess of such limit in the first 12 months from the date of allotment shall be subject to 1%, if redeemed or switched out on or before completion of 12 months from the date of allotment of units and nil, if redeemed or switched out after completion of 12 months from the date of allotment of units. The minimum subscription amount is Rs 5000 and in multiples of Re 1 thereafter.
The scheme’s performance will be benchmarked against CRISIL Hybrid 50+50 – Moderate Index and its fund managers are George Heber Joseph and Pradeep Gokhale.
The investment objective of the scheme is to seek capital appreciation by investing in equity and equity related securities and fixed income instruments. The allocation between equity instruments and fixed income will be managed dynamically so as to provide investors with long term capital appreciation.