Jointly managed by Mr. Vikrant Mehta and Mr. Pradeep Gokhale, ITI Mutual Fund has announced the launch of ‘ITI Conservative Hybrid Fund’ and the NFO opened on February 21, 2022 and closes on March 07, 2022. The Fund will invest into an array of high quality Debt Instruments and also into leading Nifty50 Index stocks.
The Fund seeks to generate regular income through investments in debt & money market instruments along with capital appreciation through limited exposure to equity and equity related instruments. This is the 16th fund being launched by the ITI AMC in its 2+ years of journey. The current AUM of the fund house is Rs. 2,661 Crores as on January 31, 2022.
The Chief Executive Officer and Chief Investment Officer of ITI Mutual Fund Mr. George Heber Joseph said, “We are quite thrilled to offer ITI Conservative Hybrid fund to investors and we believe it has a very high potential to attract money from investors who are predominantly investing in traditional savings products.”