ITI Asset Management

About

ITI mutual fund was established in 2018. The promoter of the AMC is the investment Trust of India Ltd. The mutual fund has around 29 branches in India with more than 196 employees. With about INR 2800. crore worth of assets, the firm is a very small player.

The AMC is a part of the ITI group of companies.


Key staff

Hitesh Thakkar, CEO – Experienced Head Of Operations with a demonstrated history of working in the insurance industry. Skilled in Customer Relationship Management (CRM), Mutual Funds, Management, Corporate Governance, and Risk Management. Strong support professional with a Certified Banking Risk & Compliance Management focused in Risk & Compliance management from National Institute of Securities Markets (NISM). Link: https://www.linkedin.com/in/hitesh-thakkar-5b926982/?originalSubdomain=in
Rajesh Bhatia, managing director and chief Investment officer – has about 30 years experience. Previously, he was MD & CIO at Heritage India Advisors, SVP and Head of PMS (Reliance Capital). He has 14 years of experience in alternative investments (Long-short). He was also the SVP and Head of PMS at Reliance Capital at the beginning of his career. He is a commerce graduate from HR College, and has also completed the CFA program conducted by the CFA Institute, USA.

Pradeep Gokhale, Senior Fund Manager and Head of Research – since November 2018. He possesses an overall 23 years of experience in Fund Management, Equity Research, Credit Evaluation and Ratings. Also, he was associated with Tata Asset Management Ltd. for 15 years. His last role was in the capacity of Senior Fund Manager – Equities. He is a qualified Chartered Accountant from the Institute of Chartered Accountants India. In addition, he is a Chartered Financial Analyst from CFA Institute- USA.

Investment philosophy

The fund house believes that its unique equity investment philosophy “SQL” helps to buy excellent quality growing companies stocks with reasonable margin of safety and hold it for long term. ITI Multi Cap Fund will focus on providing investors a superior risk adjusted investment performance for long-term wealth creation. ITI MF seeks to deliver the above proposition by focusing on SQL, its unique internal philosophy. SQL philosophy is based on three main pillars; S – Margin of Safety, Q – Quality of the Business and L – Low Leverage.
Link: https://equitybulls.com/category.php?id=249292

Media

ITI Mutual fund crossed Rs 2,000 crore AUM or Assets Under Management as of August 31. ITI Mutual Fund launched its operations in 2019. Out of the total of Rs 2,034 crore, equity funds accounted for Rs 1,460 crore while hybrid and debt schemes accounted for Rs 230 crore and Rs 344 crore respectively.
Link: https://economictimes.indiatimes.com/mf/mf-news/iti-mutual-fund-enters-rs-2000-crore-aum-club/articleshow/86066012.cms?from=mdr

Prepared by Tripti Sinha, Aug 2022

Recoding about the firm: https://www.cnbctv18.com/binge/rajesh-bhatia-of-uflex-sp-bK78Buel6FI.htm

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