ITI Banking and PSU Debt Fund NFO – Is this better fund compared to corporate debt funds?
ITI Mutual Fund is planning to launch Banking and PSU Debt fund. This New Fund Offer would open for subscription on October 5, 2020. This is an open ended mutual fund that predominantly invests in debt instruments of banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds. Should you invest in ITI Banking and PSU Debt Fund NFO? What are the various risk factors associated with such funds?
Also read: Should you invest in Nippon India Smallcap 250 Index Fund?
Issue details of ITI Banking and PSU Debt Fund (NFO)
This is an open-ended equity mutual fund scheme. Here are the NFO issue details.
| Scheme Opens | 05-Oct-20 |
| Scheme Closes | 19-Oct-20 |
| Scheme reopens for continous purchase/sale | 30-Oct-20 |
| Scheme Plans | Direct and Regular Growth and Dividend |