Investment, IPO, NCD, NFO, Mutual Funds, Stock Market
ITI Mutual Fund islaunchingits new fund named ITI Arbitrage Fund. This new fund is ahybrid mutual fundwhich is being launched in theNFO (New Fund Offer)from 20thAugust 2019 to 3rdSeptember 2019. During this offer, the units of the new fund will be offered to theinvestorsat a price of Rs 10 per unit.
ITI Mutual Fund is sponsored by The Investment Trust of India (ITI) Limited (60% holding) and Fortune Credit Capital Limited (40% holding). The Investment Trust of India Ltd. is the promoter of ITI Mutual Fund which has over 3000 employees across 190 branches in India.
If the Units are redeemed / switched out on or before 30 days from the date of allotment 0.25%.
If the Units are redeemed / switched out after 30 days from the date of allotment NIL.
Naman Midtown A Wing, 21stFloor, Senapati Bapat Marg, Prabhadevi, Mumbai 400 013
This is an Open-ended Scheme investing inarbitrage opportunities.
The invetment objective of this scheme is to generate income by predominantly investing in arbitrage opportunities in the cash and the derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market instruments.
As the benchamrk, it will follow Nifty 50 Arbitrage Index.
ITI Arbitrage Fund Asset Allocation Scheme
Please go through theissue documentsfor more details on asset allocation.
Pleaseclick hereto read the Scheme Information Document (SID) of this upcoming NFO.
Disclaimer: This post is just information about the scheme. It does not give any advice or recommendation. Mutual Fund investments are subject to market risk. Please read the offer document carefully before investing.
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