ITI Asset Management Company launches ITI Bharat Consumption Fund

Kolkata – 05th February, 2025: ITI Asset Management Company Ltd (ITI AMC) today announced the launch of ITI Bharat Consumption Fund, an open-ended thematic fund which will follow the consumption theme. The scheme would predominantly invest in equity and equity related securities of companies engaged in consumption and consumption related activities or allied sectors. The scheme opens for subscription on February 06, 2025, and closes on February 20, 2025.

ITI Bharat Consumption Fund aims to offer long-term capital growth by investing in companies that are likely to benefit directly or indirectly from the domestic consumption led demand offering diversification with the theme and potential capital appreciation.

The fund will be managed by Mr. Rohan Korde (Fund Manager – Equity) and Mr. Dhimant Shah (Senior Fund Manager – Equity), both of whom bring a wealth of experience and expertise management of our new fund offering. With a proven track record in delivering performance, Mr. Korde has over 17 years of experience managing diverse portfolios across various market conditions while Mr. Shah carries an extensive experience of over 26 years with top tier track record with marquee Indian Mutual Funds.

The fund will offer investors an exposure to growth-driven consumer sectors like FMCG, auto, retail, healthcare, and others. The fund is likely to benefit from the evolving structural, cultural and digital factors seen in Indian consumers. Such changes are led by a shift towards organized markets arising from urbanisation, rising incomes and evolving consumer trends – all leading to higher disposable income and thereby higher discretionary spends towards consumption related products and services.

According to Mr Rohan Korde, Fund Manager at ITI AMC “”The consumption space offers a compelling investment opportunity, driven by rising incomes, evolving consumer behaviour patterns, and rapid growth in emerging markets. As economies recover and spending patterns shift toward premium and innovative products, this sector is poised for sustainable growth. Investing in a consumption-oriented fund would allow investors to capitalize on these long-term structural trends.”

The ITI Bharat Consumption Fund aims to invest in a blend of established, scalable, and emerging businesses within the consumption theme. This fund is suitable for investors across multiple generations, looking for a diversified portfolio that spans various across sectors within the consumption space. The portfolio would be created through a combination of top-down and bottom-up approaches, making it market cap agnostic.

About ITI Group

The Investment Trust of India Limited, incorporated in 1991, is the holding company for all ITI group businesses. ITI stands for ‘The Investment Trust of India Limited’. ITI commenced its business as a vehicle finance company and has today emerged as a large comprehensive financial services provider offering various Fund based and fee-based products and services.

About ITI AMC

ITI AMC started operations in April 2019 and now have presence across 48 locations in a period of just over 5 years. In such a short span, the AMC has ensured that the governance, people, processes, and infrastructure are well established within the AMC for creating a smooth long – term investing experience for investors. This achievement wouldn’t have been possible without support rendered from our 27511 partners pan India. ITI Mutual Fund has crossed Rs 9566.51 crore AUM as on January 31, 2025.

According to Rajesh Bhatia, CIO “ITI AMC has a very experienced investment team with extensive coverage and collaborative approach. Our risk management and portfolio construction process has allowed us to be prudent and not go overboard. We have been able to improve our investment experience for the investor with well diversified funds. We believe as much stock ideation is important, portfolio allocation results in investment experience.”

*Data as on 31 January 2025. Source – Internal Data. The AUM of the fund house is Rs. 9566.51 crores as on 31 January 2025. Out of the total AUM, Equity AUM accounted for Rs. 8968.08 crores while Hybrid and Debt schemes accounted for Rs. 421.49 crores and Rs. 494.37 crores respectively. The geographical spread of the AUM is well diversified with top 5 cities accounting for 46.45%, next 10 cities with a share of 21.11%, next 20 cities with a share of 14.85%, next 75 cities with a share of 12.90% and followed by others with a share of 4.67%.

(This story has not been edited by News Mania staff and is published from a Media Release)