ITI Mutual Fund launches ITI Balanced Advantage Fund

NFO period: 09^th December – 23^rd December, 2019

Highlights of the NFO:

• Scheme type – An open ended dynamic asset allocation fund


• Investment objective – The investment objective of the scheme is to seek capital appreciation by investing in equity and equity related securities and fixed income instruments. The allocation between equity instruments and fixed income will be managed dynamically so as to provide investors with long term capital appreciation. However, there can be no assurance that the investment objective of the scheme will be realized.


• Product suitability – The product is suitable for investors who are seeking capital appreciation while generating income over medium to long term dynamic asset allocation between equity, equity related instruments and fixed income instruments so as to provide with long term capital appreciation.


• Minimum Application Amount – First investment is Rs. 5,000/- and in multiples of Rs. 1/- thereafter


• Plan/ Options available – Direct Plan and Regular Plan having Growth Option and Dividend Option (with Reinvestment and Payout options).


• Fund Managers – Mr. George Heber Joseph & Mr. Pradeep Gokhale


• Benchmark – CRISIL Hybrid 50+50 – Moderate Index