MUTUAL FUNDS
ITI Mutual Fund files offer document for Small Cap Fund
Nov-20-2019

ITI Mutual Fund has filed offer document with SEBI to launch an open ended equity scheme named 'ITI Small Cap Fund'. The New Fund Offer price is Rs 10 per unit. Entry load will be nil and Exit load will be 1% if redeemed or switched out on or before completion of 12 months from the date of allotment of units; and it will be Nil, if redeemed or switched out after completion of 12 months from the date of allotment of units. The scheme offers growth and dividend options and seeks to collect a Minimum Target Amount of Rs 10 crore.

The performance of the scheme will be benchmarked against Nifty Smallcap 100 TRI. The minimum application amount for initial purchase is Rs 5000 and in multiples of Re 1 thereafter.

The investment objective of the scheme is generate capital appreciation by predominantly investing in equity and equity related securities of small cap companies.

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