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ITI Mutual Fund launches ITI Long Term Equity Fund

by News Team | Mutual Fund

NFO period: 15th July - 14th October, 2019

Highlights of the NFO:

  • Scheme type - An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit

  • Investment objective - To provide long-term capital appreciation by investing predominantly in equity and equity related securities. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved. The scheme does not assure or guarantee any returns.

  • Product suitability - The product is suitable for investors who are seeking capital appreciation over long term by Investing in equity and equity related securities. Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

  • Minimum Application Amount - First investment is Rs. 500/- and in multiples of Rs. 500/- thereafter

  • Plan/ Options available - Direct Plan and Regular Plan having Growth Option and Dividend Option (only Dividend Payout facility).

  • Fund Managers - Mr. Pradeep Gokhale and Mr. George Heber Joseph

  • Benchmark - Nifty 500 Total Return Index

(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)