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NOTICES
Notice No.   20230526-47   Notice Date   26 May 2023
Category   Trading   Segment   Mutual Fund
Subject   Launch of NFO with SIP facility of ITI Mutual Fund on BSE StAR MF Platform
 
Content

MFIs/MFDs/RIAs/RFDs are hereby informed that ITI Mutual Fund will be offering ITI FOCUSED EQUITY FUND - NFO alongwith SIP facility with effect from May 29, 2023 to June 12, 2023 on BSE StAR MF Platform.

The scheme details are given below:

Sr. No

Scheme Name

Scheme Category

ISIN

Tentative Allotment date

1

ITI FOCUSED EQUITY FUND - REGULAR PLAN - GROWTH

EQUITY

INF00XX01CV2

19/06/2023

2

ITI FOCUSED EQUITY FUND - REGULAR PLAN - IDCW PAYOUT

EQUITY

INF00XX01CW0

19/06/2023

3

ITI FOCUSED EQUITY FUND - REGULAR PLAN - IDCW REINVESTMENT

EQUITY

INF00XX01CR0

19/06/2023

4

ITI FOCUSED EQUITY FUND - DIRECT PLAN - GROWTH

EQUITY

INF00XX01CS8

19/06/2023

5

ITI FOCUSED EQUITY FUND - DIRECT PLAN - IDCW PAYOUT

EQUITY

INF00XX01CT6

19/06/2023

6

ITI FOCUSED EQUITY FUND - DIRECT PLAN - IDCW REINVESTMENT

EQUITY

INF00XX01CU4

19/06/2023

The SIP/XSIP investment amount range and requirement of minimum installment numbers for the NFO scheme is provided below:

SIP FREQUENCY

SIP INVESTMENT AMOUNT RANGE

MINIMUM NUMBER OF INSTALLMENT

MONTHLY

RS. 500 TO RS.999

12

RS. 1000 TO ANY AMOUNT

6

MFIs/MFDs/RIAs/RFDs are also hereby informed that, as confirm by ITI AMC if SIP/XSIP gets registered on BSE StAR MF platform under ITI FOCUSED EQUITY FUND - NFO for Monthly frequency between above investment amount range then minimum installment numbers should be selected by members as provided in above table to avoid rejections from AMC/RTA end.

MFIs/MFDs/RIAs/RFDs are also hereby informed that, transactions for which the client has not initiated the funds till 9:00 AM on T + 1 day (Including transactions executed during extended period of NFO) will be cancelled and CC with N flag will be reported to the RTA/AMC. The transactions for which client has initiated the payment will remain pending in the system till 3:00 PM on the last day of making funds pay-out to the AMC for the said NFO or T + 5 whichever is earlier.

Also, MFIs/MFDs/RIAs/RFDs are hereby informed that AMC confirmed the tentative allotment date for above scheme will be done on June 19, 2023 hence the clear funds have to be available in ICCL Account by 6:00 pm on June 14, 2023.

The Cheques & OTM payments are acceptable during NFO period subject to receipt of clear funds in ICCL account by 6:00pm on June 14, 2023 to avail the allotment of units under ITI FOCUSED EQUITY FUND - NFO.

Switches shall be accepted during the NFO period subject to receipt of funds under NFO scheme on or before the allotment date.  If funds for switch out scheme received after the NFO allotment date then same will not be considered for allotment at AMC/RTA end.

The said NFO will get extended till midnight on June 12, 2023 only for lumpsum purchase on BSE StAR MF Platform.  SIP/XSIP/ISIP registrations authentication needs to be done by clients before 3:00pm on NFO closure date.

 

Ketan Jantre                                                    Zeeta Eustace

Chief General Manager – Mutual Funds       Dy. General Manager – Mutual Funds