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ITI Mutual Fund has surpassed the Rs 10,000 crore mark in AUM. Founded in 2019, the AMC begun operations by launching ITI Liquid Fund on April 2019 and it soon followed up with its first equity scheme launch – ITI Multi cap fund on May 2019.
Currently, the AMC has 18 active schemes. The AMC has branches across 27 cities and overall presence at around 48 locations.
Out of the total AUM of Rs 10109 crore as on December 3,2024, 92% or Rs. 9300 crore is in equity schemes while 4% of the total AUM or Rs 430.16 crore is in hybrid schemes and the remaining Rs 366 crore is in debt schemes.
In a press release, Hitesh Thakkar, Acting CEO, ITI MF attributes this growth to the AMC’s distribution network of over 27,000 partners and the trust shown by 2.87 lakh investors, having over 3.80 lakh active folios across all its product offerings. Thakkar said, “It is a testament to the dedication and hard work of our entire team and the trust and confidence our partners and clients have placed in our expertise and products. In recent years, we have managed to significantly expand both our team and assets under management by providing high quality service and delivering superior investment solutions to our clients”.
Rajesh Bhatia, Chief Investment Officer, acknowledged the role of all investors and distributors in helping the AMC reach the milestone. He said, “I would like to take this opportunity to sincerely thank all our distributors and investors for placing their trust in us. We remain committed to providing you with an exceptional investment experience and look forward to your continued partnership in our long-term journey ahead.”
