ITI Large & Mid Cap Fund NFO: Review, Date & NAV

ITI Large & Mid Cap Fund: Complete Overview

ITI Mutual Fund launched the ITI Large & Mid Cap Fund under its AMC ITI Asset Management Ltd. It is an open-ended scheme that invests in both large-cap and mid-cap stocks. The NFO date is from August 21 to September 04, 2024, with an NFO price of Rs.5000 and in multiples of Rs.1 thereafter.Today at the ITI Large & Mid Cap Fund NFO Blog, we're dedicated to providing you with useful information on this new NFO, including financial characteristics and any prior performance.

ITI Large & Mid Cap Fund NFO Details

The scheme is suitable for investors who want to achieve long-term wealth gain by investing in the equity and equity-related securities of large-cap and mid-cap companies. The scheme is a very high-risk scheme. There is no assurance that the scheme's investment goal will be met. The scheme will invest 70-100% of its units in equity and equity-linked instruments of large-cap and mid-cap companies (out of which 35-65% to large-cap and 35-65% to mid-cap, and 0-30% to small-cap companies), 0-30% in Debt & Money Market Instruments, and 0-10% in  REITs & InVITs units. 

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Fund Overview

The ITI Large & Mid Cap Fund NFO minimum subscription amount is Rs.5000 and in multiples of Rs.1 thereof.

How To Invest In The NFO After The Closure Date?

If you have missed participating in the NFO and now want to invest in the same Scheme on a continuous basis, then on or before 18 September 2024, when the Scheme will reopen; you will have the option to participate and invest directly in the Mutual Fund by spending at NAV based price by logging on to your Demat account and search for “ITI Large & Mid Cap Fund” or directly with the AMC or simply click the ‘Banner’ below.

The Objective of The Fund

The Scheme aims to offer long-term capital growth and invest in the equity and equity-related securities of large-cap and mid-cap companies. Nevertheless, there can be no assurance or guarantee that the scheme's investment goals will be met.

Asset Allocation (% of Total Assets) of the Scheme's portfolio will be as follows:

Peers of ITI Large & Mid Cap Fund

Since this scheme is a new scheme, hence no comparable data on its past performance against its peers is available.

Risk Factors In Such Funds

• Securities for equity and equity-related Securities are prone to daily price swings and are therefore volatile. Trading volumes may limit the liquidity of investments made by the Scheme. Settling times and transfer protocols.

• Changes in the going interest rates will probably have an impact on the scheme's NAV. The AMC may choose to invest in lower-rated or unrated assets that offer greater yields, taking into account the portfolio's overall level of risk.

• The scheme's success will be directly impacted by the Nifty Large - Midcap 250 Index (TRI)'s performance. Therefore, any modification in composition due to weighting or stock selection will affect the scheme.

• Interest rate or price risk is a concern for REITs and InvITs. Existing security prices often decrease in response to rising interest rates and rise in response to falling interest rates. 

Past Performance of Large Cap & Mid Cap Funds

ITI Large & Mid Cap Fund NFO-Who Can Invest?

This Fund is ideal for those who want to achieve long-term wealth gain by investing in stock and equity-related instruments of large-cap and mid-cap companies. 

ITI Large & Mid Cap Fund-Growth Fund Managers:

• Mr. Vishal Jajoo

• Mr. Rohan Korde

Conclusion

The ITI Large & Mid Cap Fund is appropriate for investors who are high risk-tolerant and aiming for capital maturity over a long horizon in an equity scheme that invests in the stock and stock-related securities of large-cap and mid-cap companies. Always assess your Financial Goals, Risk tolerance, time horizons, etc. before making an investment decision. 

Disclaimer: This NFO analysis is provided solely for informative reasons and should not be construed as investment advice. Always conduct research and talk with a financial advisor before investing.