NEW NFO! ITI Dynamic Bond Fund LAUNCHED - Know minimum application amount and other details

ITI Mutual Fund has launched a New Fund Offer (NFO), ITI Dynamic Bond Fund and the NFO opens on June 25 and will close on July 9, 2021. The minimum application amount is Rs 5000 and multiples of Rs 1 thereafter. The bond fund will be benchmarked against CRISIL Dynamic Debt Index.

"The objective of the fund is to maximise returns through an active management of portfolio comprising of debt and money market instruments. The fund will follow a strategy that is structured in a manner that offer investors the benefit of dynamic fund management through flexible asset allocation and active duration management.

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Commenting on the launch of the new NFO, George Heber Joseph, Chief Executive Officer (CEO) and Chief Investment Officer (CIO), ITI Mutual Fund said, “We are focussed on offering a unique investment experience to investors through our schemes and fund management. With ITI Dynamic Bond Fund, we target to address the needs of investors who are looking for an all-seasons product which aims to provide steady returns by investing in debt and money market instruments”.

ITI Mutual Fund has till date launched 12 schemes - ITI Multi Cap Fund, ITI Long Term Equity Fund (ELSS- Tax Saving Fund), ITI Arbitrage Fund, ITI Liquid Fund, ITI Overnight Fund, ITI Balanced Advantage Fund, ITI Small Cap Fund, ITI Banking & PSU Debt Fund, ITI Large Cap Fund, ITI Mid Cap Fund, ITI Ultra Short Duration Fund and ITI Value Fund. ITI Dynamic Bond Fund is the 13th NFO that the fund house is launching. Its previous NFOs have received excellent response from mutual fund investors.