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ITI Asset Management launches large & mid cap fund.

ITI Asset Management Company Ltd (ITI AMC) has announced the launch of the ITI Large & Mid Cap Fund, an open-ended equity scheme designed to capitalize on India's growth potential. The fund will invest in the top 250 companies across various sectors driving the nation's economic expansion. It will be open for subscription from August 21, 2024, to September 4, 2024.

According to ITI AMC, the ITI Large & Mid Cap Fund aims to deliver long-term capital appreciation by investing in a mix of large and mid-cap companies. The fund focuses on companies poised to benefit from India's ongoing structural, cultural, and digital changes, which are fueling urbanization, rising incomes, and increased discretionary spending.

The fund will be managed by Vishal Jajoo and Rohan Korde. Vishal Jajoo commented on the launch, stating, "India is one of the world's fastest-growing economies. Growth companies command a premium due to their earnings visibility. By using a bottom-up approach, we target companies with strong fundamentals that are likely to improve return ratios significantly. These companies could offer substantial value to investors through our fund."

The large and mid-cap segment in India is considered a favorable opportunity for investors, offering a balance between stability and growth. Large-cap companies provide stability with their established market positions, while mid-cap companies offer higher growth potential, making the segment appealing for long-term investors.

The minimum investment in the ITI Large & Mid Cap Fund is ₹5,000, with the option to invest via a Systematic Investment Plan (SIP) starting at ₹500. The scheme will have no entry load, but an exit load of 0.5% will apply if units are redeemed or switched within three months of allotment.

News Reference