ITI Mutual Fund Announces Income Distribution For ITI Balanced Advantage Fund

ITI Mutual Fund has announced an income distribution of ₹0.10 per unit under the IDCW (Income Distribution cum Capital Withdrawal) option for its ITI Balanced Advantage Fund. This distribution applies to both regular and direct plans of the fund.

Record Date for Eligibility

The record date for this income distribution is January 9, 2025. Investors holding units in the ITI Balanced Advantage Fund on this date will qualify to receive the declared payout. Any transactions made after the record date will not be eligible for this distribution.

Details of IDCW Option

The IDCW option allows mutual fund investors to receive income distributions at specified intervals. The ₹0.10 per unit distribution will either be credited to investors’ accounts or reinvested into the fund, based on their chosen option at the time of investment.

Applicability Across Plans

Both regular and direct plan investors of the ITI Balanced Advantage Fund are eligible for the same income distribution rate. This uniform approach ensures that all unit holders in the IDCW option receive the ₹0.10 per unit payout.

Details to Note

January 9, 2025, is the key date for investors to mark. The record date determines the eligibility for the income distribution, ensuring that only those holding units on this day are entitled to the payout.

This announcement outlines the details for the income distribution under ITI Mutual Fund’s ITI Balanced Advantage Fund, providing clarity on the amount, eligibility, and applicable plans. Investors are advised to check their IDCW option status to ensure eligibility for the payout.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.