ITI Mutual Fund launches ITI Overnight Fund

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

Highlights of the NFO:

• Scheme type – An open ended debt scheme investing in overnight securities


• Investment objective – The investment objective of the scheme is to provide reasonable returns commensurate with low risk and providing a high level of liquidity, through investments made primarily in overnight securities having maturity of 1 business day. However there can be no assurance or guarantee that the investment objective of the scheme would be achieved.


• Product suitability – The product is suitable for investors who are seeking regular income with low risk and high level of liquidity by investing in money market and debt instruments with overnight maturity.


• 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.


• Fund Managers – Mr. Milan Mody and Mr. George Heber Joseph


• Benchmark – CRISIL Overnight Index