ITI Mutual Fund to launch multi cap and liquid fund

The multi cap fund opens for subscription on April 25 and closes on May 9.
By Morningstar |  18-04-19 | 
 

The latest entrant in the mutual fund industry ITI Mutual Fund is set to launch its multi cap fund called ITI Multi Cap Fund on April 25.  The fund will invest in a mix of large, mid and small cap stocks.  To begin with, the fund will have 40% exposure in large caps and minimal exposure in mid and small caps due to expensive valuations, said George Heber Joseph, CEO & CIO, ITI Mutual Fund.

The fund will generally be 90% invested and will have a portfolio of 35-40 stocks. The stock universe will be divided into core and tactical stocks. Core stocks are companies that have a strong and sustainable competitive advantage. The fund will be managed by George Joseph and Pradeep Gokhale.

The fund house is also launching a liquid fund which opens for subscription on April 24, 2019.  This fund will be managed by Milan Mody and George Joseph.

ITI Mutual Fund is promoted by ITI Group, which was the promoter of the first private sector fund house Pioneer ITI Mutual Fund, which was taken over by Franklin Templeton Mutual Fund in 2002.

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