ITI Mutual Fund eyes Rs 1 lakh crore AUM in 5 years

ITI Mutual Fund aimed to grow its assets under management to Rs 1 lakh crore in five years, bolstered by India’s strong macroeconomic fundamentals. As of July 2024, the AUM increased by nearly 90% year-on-year to Rs 8,763 crore. The firm plans to capitalize on opportunities in mid and small-cap segments and expects significant growth ahead.