ITI Asset Management Company launched a new dynamic bond fund offer

ITI Mutual Fund
Scheme Name ITI Dynamic Bond Fund
Objective of Scheme The investment objective of the Scheme is to maximize returns through an active management of a portfolio comprising of debt and money market instruments. However, there can be no assurance that the investment objective of the scheme will be achieved.
Scheme Type Open Ended
Scheme Category Debt Scheme – Dynamic Bond
New Fund Launch Date 25-Jun-2021
New Fund Offer Closure Date 09-Jul-2021
Indicate Load Separately Entry Load – Not Applicable Exit Load – Nil
Minimum Subscription Amount Rs.5,000/- and in multiples of Rs.1/- thereafter
For Further Details Please Visit Website

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Type of Scheme

Dynamic Bond Funds: are altering allocations between short-term and long-term bonds. This strategy helps in taking advantage of fluctuating interest rates.

Mutual Funds Based on Asset Class

Debt Fund: These are funds that invest in debt instruments e.g. company debentures, government bonds and other fixed income assets. They are considered safe investments and provide fixed returns. These funds do not deduct tax at source so if the earning from the investment is more than Rs.10,000 then the investor is liable to pay the tax on it himself.

Types of Mutual Funds based on structure

Close-Ended Funds: These are funds in which units can be purchased only during the initial offer period. Units can be redeemed at a specified maturity date. To provide for liquidity, these schemes is often listed for trading on a stock exchange. Unlike open ended mutual funds, once the units or stocks are bought, they cannot be sold back to the mutual fund, instead they need to be sold through the stock market at the prevailing price of the shares.

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