ITI Asset Management Company Ltd (ITI AMC) has launched its ITI Large & Mid Cap Fund, an open-ended scheme aimed at capitalizing on India’s economic expansion. The fund, which opens for subscription today and will close on September 4, 2024, will primarily invest in equity and equity-related securities of the top 250 companies driving India’s growth story.
Managed by seasoned equity fund managers Vishal Jajoo and Rohan Korde, who bring over 13 years of experience with ITI Mutual Fund, this scheme targets long-term capital appreciation. The fund will focus on companies benefiting from urbanization, rising income levels, and increased discretionary spending.According to Vishal Jajoo, “India is one of the fastest-growing economies globally. Our approach involves a bottom-up selection of companies with robust order books and predictable earnings. We believe that certain sectors will see substantial improvements in return ratios.”
The minimum investment amount for the fund is Rs 5,000, with a Systematic Investment Plan option starting at Rs 500. It carries no entry load but has an exit load of 0.5% if units are redeemed within three months.In Guwahati, the fund’s launch is seen as a strategic opportunity for local investors to diversify their portfolios. The city’s growing economy and increasing financial awareness are expected to drive strong interest in equity investments, reflecting the broader trend of regional markets aligning with national growth trajectories.
