ITI Mutual Fund launches ITI Banking and Financial Services Fund

NFO period: 15^th November – 29^th November, 2021

Highlights of the NFO:

• Scheme type – An open ended equity scheme investing in Banking and Financial Services


• Investment objective – The investment objective of the scheme is to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in banking and financial services. However, there can be no assurance that the investment objective of the scheme would be achieved.


• Product suitability – The product is suitable for investors who are seeking capital appreciation over long term by investing in equity and equity related securities of companies engaged in banking and financial services.


• 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 Income Distribution cum Capital Withdrawal (IDCW) Option (with Payout of Income Distribution cum capital withdrawal option and Reinvestment of Income Distribution cum capital withdrawal option).


• Fund Managers – Mr. Pradeep Gokhale, Mr. Pratibh Agarwal and Ms. Hetal Gada


• Benchmark – Nifty Financial Services Total Return Index