NFO Alert: ITI Mutual Fund launches Bharat Consumption Fund
ITI Mutual Fund on Wednesday announced the launch of the ITI Bharat Consumption Fund, an open-ended thematic fund that will follow the consumption theme. The scheme will predominantly invest in equity and equity-related securities of companies engaged in consumption and consumption-related activities or allied sectors.
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The new fund offer (NFO) will open for subscription on February 6 and close on February 20.
ITI Bharat Consumption Fund aims to offer long-term capital growth by investing in companies that are likely to benefit directly or indirectly from domestic consumption-led demand, providing diversification through the theme and potential capital appreciation, according to a release by the fund house.
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The fund will be managed by Rohan Korde and Dhimant Shah. It will offer investors exposure to growth-driven consumer sectors like FMCG, auto, retail, healthcare, and others.
The fund is expected to benefit from evolving structural, cultural, and digital factors affecting Indian consumers. These changes are driven by urbanization, rising incomes, and shifting consumer trends, leading to higher disposable incomes and increased discretionary spending on consumption-related products and services.
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