ITI Mutual Fund has filed with SEBI to launch its latest scheme, the ITI Bharat Consumption Growth Fund, an open-ended equity scheme designed to tap into India’s booming consumption market. Here’s a detailed overview of this promising mutual fund.
The fund’s primary goal is to generate long-term capital appreciation by investing primarily in equity and equity-related securities of companies engaged in consumption and consumption-related activities. This includes industries that are poised to benefit from the growing domestic demand for goods and services.
The scheme will use the Nifty India Consumption (Total Return Index – TRI) as its benchmark. This index is designed to reflect the performance of a diversified portfolio of companies representing domestic consumption, making it an appropriate performance comparison for this fund.
The scheme will be co-managed by experienced professionals:
The fund will invest in a wide range of sectors benefiting from consumption-led demand, including:
This thematic fund follows a bottom-up stock selection approach, identifying individual stocks based on their growth potential within the consumption sector. It will also consider emerging trends and new opportunities within the consumption space to maximize returns.
This fund is ideal for investors seeking capital appreciation by leveraging the growth of India’s consumption-driven economy. With a diversified equity portfolio focused on consumption sectors, it offers an excellent opportunity to benefit from the long-term growth prospects of domestic demand.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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