06 Dec 2019 | 6:50 AM

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COMPANYNEWS
ITI Balanced Advantage Fund floats on
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Published on 11-20-2019
ITI Mutual Fund has launched a new Open Ended Growth scheme named ITI Balanced Advantage Fund with maturity period of 0 days from the launch date.


The New Fund Offer (NFO) price for the scheme is Rs 10.00 per unit which will open for subscription from Dec 09 to Dec 23 2019.


According to the offer document filed with SEBI the entry load is Nil and exit load is 1.


The minimum application amount is Rs 5000.00 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Dividend Growth.


The fund manager of the scheme will be George Heber Joseph while the performance of the scheme will be benchmarked against .


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. However there can be no assurance that the investment objective of the scheme will be realized.