25 Apr 2019 | 8:10 PM

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COMPANYNEWS
ITI Liquid Fund floats on
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Published on 04-16-2019
ITI Mutual Fund has launched a new Open Ended Growth scheme named ITI Liquid Fund with maturity period of 0 days from the launch date.


The New Fund Offer (NFO) price for the scheme is Rs 1000.00 per unit which will open for subscription from Apr 24 to Apr 24 2019.


According to the offer document filed with SEBI the entry and exit load is Nil.


The minimum application amount is Rs 5000.00 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Dividend Growth.


The fund manager of the scheme will be Milan Mody while the performance of the scheme will be benchmarked against CRISIL Liquid Fund Index.


The investment objective of the Scheme is to provide reasonable returns commensurate with low risk while providing a high level of liquidity through a portfolio of money market and debt securities.