India, July 30 -- ITI Mutual Fund has launched a new Open Ended Growth scheme named "ITI Multi Asset Allocation Fund" with maturity period of 0 days from the launch date.

The New Fund Offer (NFO) price for the scheme is Rs 10.00 per unit, which will open for subscription from Aug 17 to Aug 31, 2026.

According to the offer document filed with SEBI, the entry load is Nil and exit load is 0.50.

The minimum application amount is Rs 5,000.00 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Growth, IDCW, IDCW-Reinvestment.

The fund manager of the scheme will be Nilay Dalal, while the performance of the scheme will be benchmarked against NIfty 500 Total Return.

The investment objective of the Sche...