ITI Mutual Fund launches ITI Arbitrage Fund

Mumbai, August 19,2019: ITI Mutual Fund announced the launchof ‘ITI Arbitrage Fund.’ The NFO will open for subscription from August 20, 2019 and will close on September 03, 2019.The fund will be benchmarked with Nifty 50 Arbitrage Index and will predominantly invest in arbitrage opportunities available in the equity markets and balance in high quality debt securities with maturities less than 91 days. The fund will be managed by Mr. George Heber Joseph and Mr. Milan Mody.

“ITI Arbitrage Fund aims togenerate returns by investing in arbitrage opportunities available in the market andproviding relatively risk-free returnswithout anydirectional equity risk. The Fund plans to take offsetting positions in cash and futures markets without any un-hedgedoropen exposures. This fund is suitable for Investors with a shortto mediumterm investment horizon and are looking for an alternate option to Bank Fixed Deposits / LiquidFunds,” said Mr George Heber Joseph, CEO& CIO, ITI Mutual Fund.

The scheme will invest in equity & equity related instruments including derivatives a minimum of 65% and maximum upto 100%. If arbitrage opportunities are limited, the scheme mayinvest in maximum of 35% in high quality debt instruments with maturities upto 91 days, as stated in the Scheme Information Document.

The minimum initial investment in the scheme will be Rs 5,000 and multiples of Re 1 thereafter. The fund also provides a minimum additional investment of Rs 1,000 and in multiples of Re 1 thereafter. 

Mr Joseph further added, “ITI Arbitrage Fund is another addition to our portfolio which is based on our SQL investment philosophy (S - Margin of Safety, Q - Quality of Business and L - Low Leverage) to create reasonable risk adjusted returns for the investors.”


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