Out of the total AUM of Rs 10109.47 crores as on December 3,2024,Rs 9312.52 crore is in equity schemes, while Rs 430.16 crore is in hybrid schemes and Rs 366.79 crore is in debt schemes.
FinTech BizNews Service
Mumbai, 7 December, 2024: ITI Asset Management Company Ltd (ITI AMC) today announced has surpassed Rs 10,000 crore in assets under management (AUM) as of December 03, 2024.
Founded in 2019, the AMC begun operations by launching ITI Liquid Fund on April 2019 and it soon followed up with it’s first equity scheme launch – ITI Multi cap fund on May 2019. As on date, the AMC has 18 active schemes with ITI Large & Mid Cap fund being the most recent fund launched in September 2024.
Out of the total AUM of Rs 10109.47 crores as on December 3,2024,Rs 9312.52 crore is in equity schemes, while Rs 430.16 crore is in hybrid schemes and Rs 366.79 crore is in debt schemes. ITI Asset Management Company Ltd has witnessed this growth in AUM on the back of consistent fund performance and introduction of right products across multiple categories.
Hitesh Thakkar, Acting Chief Executive Officer of the AMC takes this milestone as a stepping stone for many future milestones. He attributes this growth to the AMC’s distribution network of over 27,000 partners and the trust shown by 2.87 Lac investors, having over 3.80 lakh active folios across all its product offerings. Mr. Thakkar also said, “We are grateful to have reached this significant milestone of reaching ₹10,000 crore in AUM. It is a testament to the dedication and hard work of our entire team and the trust and confidence our partners and clients have placed in our expertise and products. In recent years, we have managed to significantly expand both our team and assets under management by providing high quality service and delivering superior investment solutions to our clients”.
The AMC has branches across 27 cities and overall presence at around 48 locations. This coupled with a strong online presence has helped ITI AMC to reach to the masses.
Rajesh Bhatia, Chief Investment Officer, acknowledged the role of all investors and distributors in helping the AMC reach the milestone. He quoted, “I would like to take this opportunity to sincerely thank all our distributors and investors for placing their trust in us. We remain committed to providing you with an exceptional investment experience and look forward to your continued partnership in our long-term journey ahead.”
ITI Mutual Fund aims to offer high-quality investment solutions to investors seeking long term wealth creation. In order to do so, the company remains focused on its aim to provide superior risk-adjusted returns, best-in-class investment experience, ensuring investors trust and creation of niche and unique products.
