February 22, 2022
admin
NFO of ITI Conservative Hybrid Fund
Axis Mutual Fund has launched Axis Nifty Smallcap 50 Index Fund
NFO opens on February 21 ,2022
NFO will close on March 07,2022
(Our Guidance & Invest Online button are given at the bottom of the Page)
Investment Strategy
The sheme seeks to generate regular income through investments in debt & money market instruments, along with capital appreciation through limited exposure to equity and equity related instruments.
Basic Details
Fund House: ITI Mutual Fund
Issue Open: 21-Feb-2022
Issue Close: 07-Mar-2022
Category: Hybrid: Conservative Hybrid
Type: Open-ended
Min. Investment (?) 5,000
Plans: Growth, IDCW Quarterly, IDCW Half Yearly, IDCW Yearly
Lock-in Period Not Applicable
Exit Load (%): 0
Riskometer: Moderately High
Benchmark: NIFTY 50 Hybrid Composite Debt 15:85
Fund Manager
Pradip Gokhale
Education: Chartered Accountant from Institute of Chartered Accountants of India, New Delhi and a Chartered Financial Analyst from CFA Institute – USA.
Experience: He has worked with Tata Asset Management Ltd., CARE Ratings Ltd., Bombay Dyeing, Tata International and Lubrizol India Ltd. He has over 23 years of extensive experience in Fund Management, Equity Research, Credit Evaluation and Ratings. During his 15-year stint at Tata Asset Management Ltd., he managed a broad spectrum of schemes across large cap (Tata Large Cap Fund), multi cap (Tata Large and Midcap Fund, Tata India Tax Savings Fund and the equity portion of Tata Hybrid Equity Fund), offshore fund (Tata India Offshore Opportunities Fund) and thematic funds (Tata Ethical Fund) with assets under management exceeding Rs. 5,000 crores.
Vikrant Mehta
Education: CFA and M.S.
Experience: He has worked with Indiabulls AMC, Kotak Mahindra Mutual Fund, AIG India Liaison Office, NVS Brokerage Pvt. Ltd., JM Morgan Stanley Fixed Income Securities Pvt. Ltd. and Mata Securities India Pvt. Ltd.
AMC:
ITI Asset Management Ltd.
ITI House, Building no. 36,
Dr. R. K. Shirodkar Marg,
Parel,
Mumbai – 400012
Website: http://www.itiamc.com
Registrar & Transfer Agent:
KFin Technologies Pvt Ltd.
303, Vamsee Estates, Opp. Big Bazaar,
Ameerpet,
Hyderabad – 500016
Website: www.karvymfs.com
Chanakya’s Mutual Fund Guidance :
Who should invest in Axis Nifty Smallcap 50 Index Fund ??
This product is suitable for investors who are seeking Long term wealth creation solution
Why Axis Nifty Smallcap 50 Index Fund?
# Diversification : Invest into array of debt instruments and leading Nifty50 Index stocks
Quality
# High quality portfolio : Income generation
Ideal for parking the retirement corpus with potential to earn income with SWP
# Flexibility :The fund modifies debt and equity allocation based on prevailing market scenarios
Asset Allocation:
Debt and Money Market Instruments Max 90 % Min 75 % Low to Medium
Equity and Equity related instruments Max 25 % ,Min 10 % High
Units issued by REITs & InvITs Max 10 % ,Min 0 % Medium to High
Past Performance of other Small Cap funds during last one year :
During last one year, different conservative hybrid funds have provided returns in the range of 5.30% to 15.92%. So, if we are unable to provide any indication as to the returns this NFO scheme can bring in .
Mutual fund investments are subject to market risks, read all scheme related documents carefully.