ITI Mutual Fund launches ITI Conservative Hybrid Fund

The Fund will invest into an array of high quality Debt Instruments and also into 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, ITI Mutual Fund CEO and CIO George Heber Joseph said, "The fund will have minimum 75 percent 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."

The fund's equity exposure will range between 10 percent-25 percent of the AUM and will be dynamically managed to give investors a smooth investment experience.

"This can be a wonderful value added product for distributors to help them onboard a new investor into mutual fund universe and provide them a Ready, Steady and Growth experience,” he noted.

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

The geographical spread of the AUM is well diversified with top 5 cities accounting for 38.25 percent, next 10 cities with a share of 23.70 percent, next 20 cities with a share of 18.18 percent, next 75 cities with a share of 15.15 percent and followed by others with a share of 4.72 percent.