An NFO, or New Fund Offer, is the initial subscription window during which a new mutual fund scheme is launched to investors, similar to how an IPO works for company shares. Units are offered at a fixed offer NAV, typically Rs 10 per unit, during the NFO window. Once the NFO closes and units are allotted, the fund begins trading at its market NAV like any existing mutual fund scheme.
Iti Multi Asset Allocation Fund Direct G NFO opened for subscription on its launch date and closes on its end date, as shown on this page. Units will be allotted on the allotment date at the offer NAV of Rs 10 per unit. Once allotted, the fund will begin trading at its market NAV, which can be tracked from your Chola Securities portfolio.
Iti Multi Asset Allocation Fund Direct G NFO carries a 3-year lock-in period, consistent with its classification as an ELSS (Equity Linked Savings Scheme). Investments in ELSS schemes also qualify for tax deduction under Section 80C of the Income Tax Act, 1961, up to the applicable limit, subject to prevailing tax laws.
Iti Multi Asset Allocation Fund Direct G NFO is classified as Very High risk, as per SEBI's mandated riskometer for mutual funds. This risk classification is typical for Midcap and ELSS category funds, which invest predominantly in mid and small cap equity stocks.
Iti Multi Asset Allocation Fund Direct G NFO is managed by Laukik Bagwe as Lead Fund Manager for equity,Over 19 years of experience in Fixed Income Market as detailed under: From November 2007 to Current: Vice President - DSPIM. From November 2003 to October 2007 - Derivium Capital & Securities Pvt. Ltd. - Head Fixed Income Trading -SLR & NONSLR Broking. From June 2000 to October 2003 - Birla Sunlife Securities Ltd. - Manager - SLR & NONSLR Broking..
You can apply for Iti Multi Asset Allocation Fund Direct G NFO through the Chola Securities app or web platform during the NFO subscription window. Units are offered at the fixed offer NAV of Rs 10 per unit. Once allotted on the allotment date, you can track the fund's holdings, NAV, and returns directly from your Chola Securities portfolio.