ITI Mutual Fund has launched a New Fund Offer (NFO), ITI Large and Midcap Fund. As per SEBI’s mandate, large and midcap funds must invest at least 35% of their assets in large cap stocks (top 100 stocks by market capitalization) and minimum 35% of their assets in midcap stocks (101st to 250th stocks by market capitalization). ITI Large and Midcap will be the 11th equity scheme of ITI MF. The large and midcap funds category is a very popular with investors. As on 31st July 2024, there are 29 large and midcap equity schemes with combined assets under management (AUM) of Rs 2.57 lakh crores and more than 1 crore folios. The NFO will open for subscription on 21st August 2024 and will close on 4th September 2024.
Source: Motilal Report, 2024
Source: ITI MF, RBI
Source: Union Budget Document
Source: Advisorkhoj Research, as on 31st July 2024
Source: Advisorkhoj Research, Period: 1st April 2005 to 31st July 2024
Source: ITI MF
Source: Kotak Securities, as on 20th July 2024
Mutual Fund Investments are subject to market risk, read all scheme related documents carefully.
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