ITI Mutual Fund has launched ITI Bharat Consumption Fund, an open-ended thematic fund that will follow the consumption theme.
ITI Bharat Consumption Fund would predominantly invest in equity and equity-related securities of companies engaged in consumption and consumption-related activities or allied sectors, ITI Asset Management Company Ltd (ITI AMC) said in a statement.
Who should invest in ITI Bharat Consumption Fund?
The ITI Bharat Consumption Fund is designed for investors looking for long-term capital appreciation through thematic investing. This fund is suitable for those who believe in the growth of India’s consumption-driven economy and are willing to take exposure in consumer-centric sectors like FMCG, auto, retail, and healthcare. It is ideal for investors with a long-term horizon and a moderate to high-risk appetite.
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The primary objective of the ITI Bharat Consumption Fund is to offer long-term capital growth by investing in equity and equity-related securities of companies engaged in consumption and allied sectors. The fund aims to capitalize on India’s evolving consumption patterns, driven by rising disposable incomes, urbanization, and changing consumer trends.
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Key highlights:
-The fund will predominantly invest in companies benefiting directly or indirectly from domestic consumption-led demand.
-It follows a thematic approach, offering diversification within the consumption space.
-The portfolio will be built using a mix of top-down and bottom-up investment strategies, making it market-cap agnostic.
-Investors will gain exposure to multiple consumer-driven sectors with high growth potential.
ITI Bharat Consumption Fund NFO date
Opening Date: February 6, 2025
Closing Date: February 20, 2025
Who will manage ITI Bharat Consumption Fund?
The fund will be managed by Rohan Korde (Fund Manager – Equity) and Dhimant Shah (Senior Fund Manager – Equity).
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