ITI Mutual Fund Opens Office in Kochi
Kochi: ITI Mutual Fund, the latest entrant in the Mutual Fund industry, has opened its Kerala office at PM Arcade, 1st floor, Kaloor Kadavantra Road (Near Panthal Cake Shop), Kochi. Speaking on the occasion, George Heber Joseph, CEO & CIO of ITI Asset Management Ltd. said, “Kerala is a particularly important market for us as it has a great savings culture, a large population of NRIs who repatriate their earnings and a thriving and growing economy. Investors from this State are known to be extremely discerning and invest in avenues that offer them appreciation, liquidity and security.”
ITI Mutual Fund is the latest entrant in the Mutual Fund industry and has already launched two schemes: Its first debt scheme - ITI Liquid Fund (an open ended liquid fund); and its first equity product - ITI Multi Cap Fund (an open ended equity scheme investing across large cap, mid cap and small cap stocks). The NFO opened on April 25 2019 and will close on May 9, 2019 and will reopen for continuous sale and repurchase from May 16, 2019.
ITI Multi Cap Fund, an open ended equity scheme investing across large cap, mid cap and small cap stocks, is positioned as a one stop equity investment solution. Its unique equity investment philosophy “SQL” will help to buy excellent quality growing companies stocks with reasonable margin of safety and hold it for long term. This will help investors to experience good compounding effect and long term wealth creation.
ITI Multi Cap Fund will focus on providing investors a superior risk adjusted investment performance for long-term wealth creation. ITI MF seeks to deliver the above proposition by focusing on SQL, its unique internal philosophy. SQL philosophy is based on three main pillars; S – Margin of Safety, Q – Quality of the Business and L – Low Leverage.
Margin of Safety is the fair value of business minus the current share price. Buying stocks with good safety margin is critical for a good investment experience and long term wealth creation. Quality of Business is of great significance. Quality companies with strong competitive advantages have been long term wealth creators. ITI Multi Cap Fund would invest in stocks that it understands and have comfort on Industry structure, business, management, growth ambitions and balance sheet.
Leverage is also an important criterion to be factored in investing decisions. High leverage significantly reduces a business’s ability to withstand business downturn. Low leverage companies are generally cash rich. Therefore, these companies are able to invest and grow their business and create wealth.
George Heber Joseph, who is also the co-fund manager of ITI Multi Cap Fund said that “While SQL investment philosophy is unique in India, it is globally proven and designed towards creating long term wealth for investors.”
Mithun Chittilappilly, Managing Director of V-Guard Industries, graced the occasion as the Chief Guest. He remarked that he has known George Heber Joseph for a long time and has been impressed with his in-depth knowledge of the market, his investment philosophy and his commitment to investors. He mentioned that Joseph has vast experience in managing funds and at ICICI Prudential, one of India’s leading mutual fund houses, he managed with distinction all the funds under his purview.
ITI Mutual Fund is backed by ITI Group, an emerging, innovative and conservative financial services conglomerate which has interest in various financial services businesses. ITI Mutual Fund aims to offer high-quality investment solutions to investors backed by robust investment management and research expertise.
For details, visit www.itimf.com/