ITI Mutual Fund has announced the launch of ‘ITI Conservative Hybrid Fund’. The New Fund Offer (NFO) opened on February 21, 2022 and will close on March 7, 2022.

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The fund will invest into an array of high quality debt Instruments and also into leading Nifty50 Index stocks and will be jointly managed by Vikrant Mehta and Pradeep Gokhale.

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This is the 16th fund being launched by the ITI AMC in its over two 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.

There are certain key highlights of the fund that the investors must know. These are as follows:

1) Hybrid scheme - An open-ended hybrid scheme investing predominantly in debt instruments

2) Income generation - Suitable for investors looking for generating income over medium to long-term along with capital appreciation

3) Minimum investment - Minimum investment required is Rs 5,000 and in multiples of Re 1 thereafter

4) Flexibility -  Higher flexibility as it adjusts debt and equity allocation based on the prevailing market scenario, with an active debt management and passive equity management aiming for consistent returns

The fund seeks to generate regular income through investments in debt and 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.

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