ITI Mutual Fund
ITI Mutual Fund ITI Mutual Fund was established in 2018 with the objective to enable the investors to build their wealth for?the long term by offering them well researched and well thought investment products. Supported by a team of expert?analysts and experienced fund managers, ITI Mutual Fund follows a strong investment philosophy that seeks to provide stable and sustainable returns.
Being one of the latest asset management companies in India, ITI Mutual Fund brings a new set of fresh ideas and modern strategies aimed at helping investors benefit from the growth of India's economy. The fund is promoted by The Investment Trust of India Ltd. (ITI Group) - a diversified financial services organisation with areas of expertise in equity research, broking, investment banking, asset-based lending and alternative investment products.
Today, ITI Mutual Fund has 29 branches in India with a staff of 197 and assets of more than ?6,396 crore.
Key Information About ITI Asset Management Limited
Mutual Fund name | ITI Mutual Fund |
Asset Management Company Name | ITI Asset Management Limited |
AMC Setup Date | 14th May, 2018 |
AMC Incorporation Date | 10th January, 2018 |
Sponsor name | The Investment Trust of India Limited |
Trustee organisation | ITI Mutual Fund Trustee Pvt Ltd |
Name of Trustee | Mr. Sudhir Valia |
MD and CEO | Mr. Hitesh Thakkar |
Compliance Officer | Ms. Nisha Sanjeev |
Investor Service Officer | Ms. Nimisha Keny |
Total AUM (as of end of last quarter) | Rs. 2690 Cr |
How to Invest in ITI Mutual Funds
You can invest in the ITI mutual fund schemes easily through any mutual fund investment platform you are registered with or directly via the ITI mutual fund website.
Here is a basic step-by-step process:
Step 1: Log in to the ITI Mutual Fund official website or any mutual fund investment portal that is registered with the Securities and Exchange Board of India.
Step 2: Complete your KYC (Know Your Customer) verification (if you have not already done this). You'll need your PAN, Aadhaar, and bank account details. The process is completely digital and takes just a few minutes.
Step 3: Once your KYC is completed, scroll down this list of available ITI Mutual Fund Schemes.
Step 4: Choose the scheme that suits your financial needs You can consider details such as past performance, investment objective and fund manager information before you make a decision.
Step 5: Decide how you want to invest - Invest either by a Systematic Investment Plan (SIP) or in a one-time (lump sum) investment.
Step 6: Input the amount to be invested and confirm your payment via options such as UPI, Net Banking or Bank Transfer.
Step 7: Once the payment is done, you will receive a confirmation message for your investment.
That's it - your investment journey with ITI Mutual Fund is now on!
Key Fund Managers
1. Mr. Vikrant Mehta
Head of Fixed Income
Mr. Mehta has more than 25 years of experience operating in the fixed income markets. Before joining ITI Mutual Fund in 2021, he worked in senior roles at Indiabulls AMC and PineBridge Investments. He has a master's degree in engineering from Kiev Polytechnical Institute, Ukraine and is a Chartered Financial Analyst (CFA) from ICFAI.
2. Mr. Rohan Korde
Vice President – Investments
Mr. Korde has a master's in management studies (finance) and a bachelor of commerce. Before joining ITI Mutual Fund, he worked with the BOB Capital Markets in the role of vice president.
3. Mr. Dhimant Shah
Senior Fund Manager – Equity
Mr. Shah is a chartered accountant with 25 odd years of experience in the capital markets. Earlier, he worked with Reliance Capital AMC, UTI AMC, HSBC AMC and ASK Raymond James Securities.
4. Mr. Vishal Jajoo
Fund Manager – Equity
Mr. Jajoo is a chartered accountant who holds an MBA in investments and a PGD course in finance. Before joining ITI Mutual Fund, he worked in Tata Investment Corporation Ltd.
Popular ITI Mutual Fund Schemes
Here is a table for some top schemes:
Fund Name | Category | Min Investment | AUM | 1Y Returns | SIP |
ITI Banking and PSU Debt Fund Direct Growth | Debt | ?5000 | ?36 Cr | 8.0% | ?500 |
ITI Mid Cap Fund Direct Growth | Equity | ?5000 | ?1227 Cr | 1.3% | ?500 |
ITI ELSS Tax Saver Fund Direct Growth | Equity | ?500 | ?422 Cr | 2.6% | ?500 |
ITI Large Cap Fund Direct Growth | Equity | ?5000 | ?516 Cr | 2.7% | ?500 |
ITI Small Cap Fund Direct Growth | Equity | ?5000 | ?2666 Cr | -0.5% | ?500 |
ITI Pharma and Healthcare Fund Direct Growth | Equity | ?5000 | ?226 Cr | -2.8% | ?500 |
ITI Multi Cap Fund Direct Growth | Equity | ?1000 | ?1267 Cr | 0.1% | ?500 |
ITI Dynamic Bond Fund Direct Growth | Debt | ?5000 | ?116 Cr | 6.0% | ?500 |
ITI Ultra Short Duration Fund Direct Growth | Debt | ?5000 | ?183 Cr | 7.2% | ?500 |
ITI Value Fund Direct Growth | Equity | ?5000 | ?330 Cr | 0.3% | ?500 |
ITI Banking and Financial Services Fund Direct Growth | Equity | ?5000 | ?311 Cr | 15.9% | ?500 |
ITI Balanced Advantage Fund Direct Growth | Hybrid | ?5000 | ?396 Cr | 5.6% | ?500 |
ITI Liquid Fund Direct Growth | Debt | ?5000 | ?66 Cr | 6.7% | ?500 |
ITI Arbitrage Fund Direct Growth | Hybrid | ?5,000 | ?48 Cr | 7.3% | ?500 |
ITI Overnight Fund Direct Growth | Debt | ?5,000 | ?11 Cr | 5.8% | ?500 |
FAQs
1. What is ITI Mutual Fund?
ITI Mutual Fund offers investors an opportunity to benefit from research-based investment solutions and create wealth over a?period of time.
2. When did ITI Mutual Fund come into existence?
ITI Mutual Fund was launched in 2018 with the aim of making investments transparent and more investor-friendly.
3. Who promotes ITI Mutual Fund?
It is marketed by The Investment Trust of India Ltd., a diversified ITI Group.
4. How can investors invest in ITI Mutual Fund?
Investors can invest online using the ITI Mutual Fund website or registered investment platforms.
5. What is unique about ITI Mutual Fund?
Its unique blend of innovation, strong research, and long-term perspective ensures?the delivery of consistent value to shareholders.
