NFO: ITI Conservative Hybrid Fund

Feb 22, 2022

ITI Mutual Fund has launched ITI Conservative Hybrid Fund. The new fund offer opened on February 21, 2022 and closes on March 7, 2022.

The fund will invest into an array of high-quality debt instruments and also in leading Nifty50 Index stocks.  The fund will be jointly managed by Vikrant Mehta and  Pradeep Gokhale.

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

Announcing the launch of the NFO, George Heber Joseph, Chief Executive Officer and Chief Investment Officer, ITI Mutual Fund, says, “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. The fund will have minimum 75% of the exposure towards high quality debt securities and the remaining balance will be invested in equity & equity related instruments of companies belonging to NIFTY50 Index. Equity exposure will range between 10%-25% of the AUM and will be dynamically managed to give investors a smooth investment experience.”

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 crore as of January 31, 2022. Out of the total AUM, equity AUM accounted for Rs 1,869 crore while Hybrid and Debt schemes accounted for Rs 580 crore and Rs 212 crore, respectively.

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