MUTUAL FUNDS
ITI MF introduces Arbitrage Fund
Aug-20-2019

ITI Mutual Fund (MF) has launched the ITI Arbitrage Fund, an open ended scheme. The NFO opens for subscription on August 20, 2019 and closes on September 03, 2019. Entry load is nil and Exit load will be 0.25%, if the Units are redeemed/switched out on or before 30 days from the date of allotment and Exit load will be nil, if the Units are redeemed/switched out after 30 days from the date of allotment. The minimum subscription amount is Rs 5000 and in multiples of Re 1 thereafter.

The scheme’s performance will be benchmarked against NIFTY 50 Arbitrage Index and its fund managers are Milan Mody and George Heber Joseph.

The investment objective of the scheme is to generate income by predominantly investing in arbitrage opportunities in the cash and the derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market instruments.

 

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