Incorporated in 2008, ITI (Investment Trust of India Ltd) Asset Management Limited is a well-known name in India’s fund management sector. As a part of the ITI Group, it aims to offer high-quality investment options to investors. In addition, the company provides financial services such as stock research, brokerage, and asset-based lending.
As the company continues to provide a wide range of services, it has successfully managed assets worth Rs. 5,968.33 crore as of 31st December 2023. Its extensive portfolio includes 10 equity schemes, 5 debt schemes, 2 hybrid schemes and 2 money market schemes.
ICICI Prudential Mutual Fund
Mr. Vimal Bhandari (Chairman)
Mr. V. Srinivasa Rangan (Director)
Mr. Mehernosh Kapadia (Independent Director)
Mr. Dindayal Jalan (Independent Director)
Investing in mutual fund schemes of ITI Asset Management Limited can be done easily through the INDmoney mobile app. Here is a step-by-step guide on how to do so.
Step 1: Open an INDmoney account
First, download the INDmoney mobile app from the Google Play Store or Apple App Store. Once done, open the app and set up your account by providing some personal details.
Step 2: Complete your KYC
Login using your registered credentials and undergo the KYC verification process. For this, you need to upload your PAN card, Aadhaar card, voter ID card and driving licence.
Step 3: Link your bank account
Look for the option to link your bank account on the app. You need to enter all the bank account details to complete the linking process.
Step 4: Select a mutual fund
Explore the various types of mutual funds available on INDmoney. Use the app’s advanced features to choose a mutual fund that aligns with your investment preferences.
Step 5: Select your payment mode
Choose a suitable payment method for investing in ITI mutual funds from the two available options, SIP or lump sum. Make the payment to start investing. Once you go through all the above-mentioned steps, you will receive units of the fund in your INDmoney account within 3-4 working days. INDmoney ensures a cost-effective investment experience for all individuals by charging zero transaction fees. Import your existing mutual fund investments and check their analytics for free on our app.
When it comes to investing in mutual funds, there are some factors that you need to consider to make an informed decision. Some of those factors are discussed below:
AMC performance
Given that most investment decisions are made by the fund house, selecting the right company is essential. As an investor, you should check the past records of an asset management company before investing.
Fund performance
Besides AMC’s, you must also consider the ITI Mutual Fund performance before investing. For this, you need to compare the returns of different funds over the past 3-5 years against their benchmarks. Also, check their performance against competitors.
Fund manager experience
The qualification and experience of the fund managers in ITI Asset Management Limited is another important factor to consider. You must choose a mutual fund based on the fund manager’s ability to add value by actively managing the fund.
Expense ratio
The expense ratio is an annual expense that investors need to pay for managing a mutual fund, including the fund manager’s fees and operation costs. By choosing funds with lower expense ratios, you can increase your net profits.
Assets Under Management
As the name suggests, AUM or Assets Under Management represents the total assets managed by an asset management company (AMC). A larger AUM indicates better popularity and a substantial pool of funds. As of 2024, ITI Mutual Fund’s AUM stands at Rs. 6,364 crore.
Generally, all mutual funds, including ITI Mutual Fund, are subject to changes in the market. However, the investments offered by ITI Assets Management Limited are regulated by SEBI (Securities and Exchange Board of India), protecting your investments from fraud.
While calculating the ITI Mutual Fund SIP amount, you need to keep the tenure of the SIP and the expected rate of return into consideration.
The Investment Trust of India Limited and ITI Credit Limited are the sponsors of ITI Asset Management Limited.
Yes, you can increase your SIP amount in an ITI mutual fund if you have opted for the step-up SIP option. You can adjust your SIP amount according to your financial standing and preference by navigating the INDmoney mobile app.
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