ITI Mutual Fund launches new fund offer of ITI Dynamic Bond Fund

Low interest rates and high inflation is a challenging environment for most fixed income investors. The only way to overcome the situation is to take advantage of opportunities present in various segments of bond market. In an attempt to offer an ever-green all season investment solution to fixed income investors, ITI Mutual Fund has unveiled its new fund offer of ITI Dynamic Bond Fund (IDBF).

The scheme will invest in a diversified bond portfolio to generate consistent income over a medium term. The portfolio will be actively managed to benefit from trends in bond market. IDBF should benefit from flexibility of asset allocation and active management of duration. The fund house has so far demonstrated ability to manage bond funds in line with the stated scheme objectives.

“IDBF should address the needs of investors who are looking for an all-seasons product which aims to provide steady returns by investing in debt and money market instruments,” says George Heber Joseph, Chief Executive Officer (CEO) and Chief Investment Officer (CIO), ITI Mutual Fund.

The bond fund will be benchmarked against CRISIL Dynamic Debt Index. Minimum investment in this fund is Rs 5000 and the new fund offer closes on July 9, 2021.

Over last one year ended June 25, 2021 dynamic bond funds have given 5.07 percent returns on an average, as per Value Research Data. 28 dynamic bond fund schemes put together manage assets worth Rs 26,131 crore, as on May 31, 2021.