ITI Mutual Fund Sees Great Potential In India: George Heber Joseph, CEO & CIO
ITI Mutual Fund sees huge potential in the Indian market. Their vision further grew to launch their first mutual fund on the 15th of March, 2019
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The GDP is rushing towards the year 2022 in crossing $8 trillion. ITI Mutual Fund based on this forecast along with a portfolio of other financial services seems confident of this step. George Heber Joseph, CEO and CIO, ITI Mutual Fund and Pradeep Gokhale, Senior Fund Manager & Head Research, ITI Mutual Fund, discussed further the market and the opportunities within.
“We are thinking from a long term perspective of providing huge returns to our investors. When you think on that front there are certain aspects that you can’t ignore. The money can be raised over a long time and when popularity increases over a particular segment of the market, it is not the right time to launch a fund. We have thought this out from an investor’s perspectives keeping in mind the innovation & product strategies. ITI Mutual Fund is confident of the growth in the economy and its products are best suited for investors along with accurate and transparent information sharing platform. As per our SQL Framework, we aim to outperform Rs. 25 lakh crores worth AUMs in the market. The macroeconomic fundamentals are not a cup of tea and we will always be well read and prepared for any downfall in the market”, said George while speaking to BW Businessworld about ITI’s latest extension into mutual funds.
According to ITI, the SQL (Safety, Quality and Low Leverage) philosophy is also a first of its kind initiative influenced by a fund house philosophy. Unlike many products in the fund market, ITI Mutual Fund with simplified products aims to be a key differentiator in the country. Having an investment philosophy inculcates a thought process in the team within a fund house along with understanding the demands of the ultimate investor as explained by Pradeep Gokhale. The last 71 years witnessed a growth of 2 trillion dollars whereas the last 10 years recorded an 8 trillion dollar increase.
With the GDP growing a lot of companies are getting themselves listed and expanding the market. For investors in a certain set of companies will see a deluge of money being made. Asset Management companies too will see a gush of finances credited into their accounts over the next decade.
ITI Liquid Fund launch will be launched on the 24th of April, 2019. 30 offices in 30 major cities of India is what ITI envisions along with controlling the compliances and being visible across the country.