ITI Mutual Fund targets Rs 1 lakh crore AUM in 5 years, driven by India's strong macroeconomics and growth story.

ITI Mutual Fund aims to reach Rs 1 lakh crore AUM within the next five years, driven by India's robust macroeconomic fundamentals. With AUM growing 90% YoY to Rs 8,763 crore, the company's CIO Rajesh Bhatia believes that India's growth story is the fastest among countries of its size and most predictable, with the mid-cap and small-cap segments capturing the best growth. ITI MF plans to launch a Large & Mid-cap fund and expand its retail investor base.

August 18, 2024
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