ITI Asset Management Limited has launched the ITI Multi Asset Allocation Fund, an open ended scheme investing across equity, debt and gold or silver in one product. The NFO opens on 17-08-2026 and closes on 31-08-2026.
The scheme sits in the multi asset allocation category. SEBI requires such funds to hold at least three asset classes, with a minimum of 10 per cent in each. ITI Mutual Fund’s version brings stocks, bonds and precious metals under one roof.
The fund aims to generate long term capital appreciation and income by moving between equity, debt and money market instruments, and Gold or Silver ETFs and Exchange Traded Commodity Derivatives, within SEBI limits. Investors who would rather hold one fund than manage three separately may want to see Zenith’s mutual funds advisory service.
ITI Multi Asset Allocation Fund NFO details
Field | Detail |
Fund name | |
Fund type | Open ended |
Category | Multi asset allocation |
Nature of scheme | Invests in equity, debt, Gold/Silver ETFs and ETCDs |
Benchmark | 50% Nifty 250 TRI + 35% CRISIL Composite Bond Index + 10% gold + 5% silver price |
Fund managers | Nilay Dalal (equity); Laukik Bagwe (debt) |
NFO opens | 17-08-2026 |
NFO closes | 31-08-2026 |
Reopens for continuous sale | Within 5 business days of allotment |
Minimum investment | Rs 5,000, then multiples of Re 1 |
Additional investment | Rs 1,000, then multiples of Re 1 |
SIP amount | Rs 500, then multiples of Re 1 |
NAV during NFO | Rs 10 per unit |
Stamp duty | 0.005% of transaction value on inflow transactions, per government notification |
Entry load | Nil, as no Indian mutual fund scheme charges an entry load |
Exit load | 0.50% within 3 months of allotment; nil after 3 months |
AMC details
Field | Detail |
AMC name | ITI Asset Management Limited |
Assets under management | ₹11,989 crores |
Website | www.itiamc.com |
mfassist@itiorg.com | |
Registered office | ITI House, 36, Dr R K Shirodkar Marg, Parel, Mumbai 400012 |
Contact number | 1800-266-9603 (toll free) |
Source: AMFI India, New fund offer | ITI Multi Asset Allocation Fund
What has the AMC launched?
ITI Asset Management Limited, part of ITI Mutual Fund, has opened the ITI Multi Asset Allocation Fund for subscription. Being open ended, investors can join or exit on any business day once the NFO ends.
The fund invests across three buckets: equity and equity related instruments, including REITs, from 35 to 80 per cent; debt and money market instruments, from 10 to 50 per cent; and gold/silver, through ETFs and Exchange Traded Commodity Derivatives, also 10 to 50 per cent. Up to 10 per cent can go into InvITs.
This is actively managed, not passive. The fund manager decides how much sits in each bucket at any time, based on markets, rates and the economic outlook.
How does the ITI Multi Asset Allocation Fund strategy work?
Step | What happens? |
1 | Sets the starting split across equity, debt and gold/silver, within fixed ranges |
2 | Parks undeployed NFO money in Tri Party Repo or short term deposits |
3 | Builds the equity sleeve via a top down sector view and bottom up company check |
4 | Builds the debt sleeve for income and stability |
5 | Adds gold and silver exposure through ETFs and permitted commodity derivatives |
6 | Rebalances over time within 30 calendar or business days, depending on the cause |
Let’s understand through an example
Say an investor puts in Rs 10,000 during the NFO. At Rs 10 per unit, this buys 1,000 units. That amount does not sit in one asset: a larger portion could sit in equity, with the rest split between debt and gold/silver related instruments, within the scheme’s allowed ranges. The exact split shifts as the fund manager responds to markets. This illustrates the mechanism only, not any return.
ITI Multi Asset Allocation Fund portfolio allocation
Asset class | Minimum | Maximum |
Equity, REITs and equity related instruments | 35% | 80% |
Debt and money market instruments | 10% | 50% |
Gold/Silver ETFs and other gold/silver instruments, including ETCDs | 10% | 50% |
Units issued by InvITs | 0% | 10% |
The scheme will not invest in other Fund of Funds schemes or in foreign securitised debt.
Investment strategy
On equity, the fund uses a top down sector view and a bottom up company check, weighing management quality and valuation. On debt, the manager tracks liquidity, rates and inflation to decide how much duration and credit risk to take. For gold and silver, the scheme relies on ETFs and Exchange Traded Commodity Derivatives, not physical metal.
Derivatives, including a covered call strategy on equity, may be used for hedging, capped at 50 per cent each of the equity and debt portfolios. The scheme may also invest overseas, within SEBI and RBI limits.
Potential benefits of the ITI Multi Asset Allocation Fund
Potential benefit | Why does it matter? |
Diversification across equity, debt and gold/silver | Reduces reliance on one asset class at a time |
Active rebalancing | The manager can shift the mix within set ranges as conditions change |
Convenience | One scheme and one NAV instead of three investments |
Dedicated sleeve managers | A named manager oversees each of the equity and debt sleeves |
Key risks
Risk | What does it mean? |
Market risk | Equity holdings can fall with broader market moves |
Interest rate and credit risk | Bond prices can fall if rates rise or issuer quality weakens |
Commodity price risk | Gold/silver returns move with often volatile bullion prices |
Derivative risk | Derivatives can amplify gains and losses if the manager’s view is wrong |
Overseas investment risk | Currency and foreign market moves affect the portion invested abroad |
Who may consider the ITI Multi Asset Allocation Fund?
Investor type | Why it may fit |
Investors with a 5 year or longer horizon | Gives equity and gold sleeves time to work through cycles |
Investors comfortable with very high risk | Equity and commodity exposure means this scheme is high risk |
Investors wanting one fund instead of three | Equity, debt and gold/silver sit in a single portfolio |
SIP investors seeking diversified exposure | Rs 500 SIPs allow gradual entry across all three assets |
Who may not find it suitable?
Investor type | Why it may not fit |
Investors with a horizon under 3 years | Exit load applies, and equity/gold can be volatile short term |
Very risk-averse investors | The fund’s high risk level may not suit capital protection needs |
Investors wanting pure exposure to one asset | A standalone equity, debt or gold fund is more direct |
Investors with an existing balanced portfolio | Adding this fund may create overlap, not fresh diversification |
ITI Multi Asset Allocation Fund vs traditional investment options
Option | Risk | Return potential | Volatility | Liquidity | Horizon | Suitable investor |
Fixed deposit | Low | Fixed | Low | Moderate | Any | Capital protection |
Debt mutual fund | Low-moderate | Moderate | Low-moderate | High | Short-medium | Stability |
Hybrid fund | Moderate-high | Moderate-high | Moderate | High | Medium-long | Balanced |
Equity mutual fund | High | High | High | High | Long term | Growth |
This fund | Very high | Market linked | Depends on mix | High | Long term | Diversified |
A factual comparison, not a ranking.
ITI Multi Asset Allocation Fund review by Zenith Finserve
The ITI Multi Asset Allocation Fund brings equity, debt and gold or silver into one actively managed scheme. Its wide allocation ranges give the fund manager room to shift the mix as conditions change, rather than a fixed split throughout. This fits an investor building toward a goal seven to ten years away who wants diversification handled inside one product.
It suits less well as a short term option, or an investor already running a balanced portfolio across these assets. Weigh your goals and risk profile through Zenith’s investment planning service, and consult a financial adviser, before applying.
How Zenith Financial Management can help
At Zenith Financial Management, we follow a process driven investment framework. We assess your goals, cash flows, risk profile, time horizon, existing investments, loans and tax situation before suggesting investments. We align our investment suggestions with your financial objectives and review them periodically to keep them suitable as your circumstances change.
Similar NFOs on Zenith
- Prism Hybrid Long Short Fund NFO: another new hybrid launch, run as a Specialised Investment Fund with short positions, unlike ITI’s open ended structure.
- TRUSTMF Large & Mid Cap Fund NFO: a recent active equity launch, useful as a contrast since it holds no debt or commodity sleeve.
- HDFC Nifty Metal ETF FOF NFO: a passive, single sector route into metals, unlike ITI’s actively managed, multi asset spread.
Frequently asked questions
What is the ITI Multi Asset Allocation Fund?
An open ended scheme from ITI Mutual Fund that invests across equity, debt, and gold or silver in one product, giving diversified exposure without managing three separate funds.
When does the NFO open and close?
The New Fund Offer opens on 17-08-2026 and closes on 31-08-2026.
What is the minimum investment?
Rs 5,000, and in multiples of Re 1 thereafter, both during the NFO and on an ongoing basis.
Is the ITI Multi Asset Allocation Fund NFO good to invest in?
This depends on your own goals, horizon and comfort with a very high risk investment, so it is worth consulting a financial adviser before applying.
How risky is this fund?
It carries very high risk, since it holds meaningful equity and commodity exposure alongside debt, and its value can move significantly with markets.
Who manages the ITI Multi Asset Allocation Fund?
Mr Nilay Dalal manages equity and Mr Laukik Bagwe manages debt, in a co fund manager structure.
What is the exit load?
0.50% if units are redeemed or switched out within 3 months of allotment. Nil after 3 months.
Can I start a SIP in this fund?
Yes, from Rs 500, in multiples of Re 1.
What does the fund invest in?
Equity and equity related instruments, debt and money market instruments, and Gold or Silver ETFs and Exchange Traded Commodity Derivatives.
What is the fund’s benchmark?
50% Nifty 250 TRI, 35% CRISIL Composite Bond Index, 10% domestic gold price and 5% domestic silver price.
Does this fund guarantee returns?
No. Like all mutual funds, it does not guarantee or assure returns, and its value can go up or down with markets.
How does it differ from a pure equity fund?
It adds dedicated debt and gold/silver sleeves alongside equity, for a more diversified outcome.
