According to the fund manager, the ITI Large & Mid Cap Fund is designed to provide long-term capital growth by investing in a mix of large- and mid-cap companies.
The objective is to invest in companies positioned to benefit from the ongoing structural, cultural and digital transformations in India, which are driving urbanization, rising income levels and boosting discretionary spending.
The fund will be managed by Vishal Jajoo and Rohan Korde. Commenting on the launch of the fund, Vishal Jajoo said, “India is one of the fastest growing economies in the world. Growth companies continue to command a premium due to their earnings visibility. Taking a bottom-up approach, we identify companies with strong fundamentals that are likely to show significant improvement in profitability ratios in the near future. These companies could offer substantial value to investors as part of our fund.”
In a broader context, the large- and mid-cap segment in India is considered a sweet spot for investors. Large-cap companies provide stability with their established market positions, while mid-caps offer higher growth potential, making them attractive for long-term investors looking for both growth and stability in their portfolios.
The minimum investment for the ITI Large & Mid Cap Fund is set at ₹5,000, with the option to invest through a Systematic Investment Plan (SIP) From ₹500. The scheme will have no entry load, while an exit load of 0.5% will apply if units are redeemed or exchanged within three months from the date of allotment.
Read also: Empowering Bharat through SIPs: What to expect at MoneyControl Mutual Fund Summit 2024
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