The scheme’s new fund offer or NFO will open for subscription on August 21 and close on September 4.
The scheme aims to deliver long-term capital growth by investing in companies that are actively involved in this dynamic sector, providing investors with a path to diversification and capital appreciation.
The fund will be managed by Vishal Jajoo and Rohan Korde. The plan will be benchmarked against the Nifty Large-Midcap 250 Index (TRI).
The fund will offer investors an opportunity to invest in India’s growth potential, driven by the trinity of structural, cultural and digital factors. The growth is driven by a shift towards organised markets due to urbanisation and rising income levels. Rising discretionary spending due to rise in nuclear and aspirational families is creating a cultural influence leading to higher consumption, according to a press release from the fund manager.
“India is one of the fastest growing economies in the world and ‘growth companies’ would continue to command a premium for the earnings visibility they offer. As a fund manager, we take a bottom-up approach in stock selection. There are companies available in the sector that have strong order books and offer predictable earnings over the next 2-3 years,” said Vishal Jajoo, fund manager, ITI AMC. “This could result in these companies reporting significant improvement in profitability ratios going forward. When you correlate the current stock price with earnings for FY25 and FY26, there are select companies in sectors that could be worth investing in and could be part of our fund.” The minimum application amount for the scheme is Rs 5,000, while investors can invest through the Systematic Investment Scheme route for a minimum amount of Rs 500. Investors will be charged an exit fee of 0.5% if units are redeemed or exchanged on or before the completion of three months from the date of allotment of units.
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