ITI Mutual Fund Filed Draft With SEBI for Diviniti Equity Long Short Fund

The Diviniti Equity Long Short Fund is an open-ended fund investing in listed equities and related instruments. The fund also uses limited short positions through derivatives. It aims for long-term capital growth. Holdings cover companies of different sizes, and the portfolio is reviewed and adjusted periodically.

Plans and Options

The fund has a Regular Plan and a Direct Plan, both with the same portfolio but separate NAVs. The Direct Plan is for investors buying units directly, without distributors. Each plan offers Growth and Income Distribution cum Withdrawal (IDCW) options. IDCW allows either payout or reinvestment of distributions.

Load Structure

There is no entry load under SEBI guidelines. Upfront commissions, if applicable, are paid to distributors by investors. Redemptions of up to 10% of units within six months have no exit load. Redemptions above this limit within six months carry a 0.50% exit load. Units redeemed after six months have no exit load. Systematic transactions follow the prevailing exit load at registration.

Investment Thresholds

During the New Fund Offer (NFO), the minimum investment is ₹10,00,000, in multiples of ₹1. Post-NFO contributions start at ₹25,000, also in ₹1 multiples. Switching from other Diviniti SIF strategies requires ₹10,00,000 minimum, dropping to ₹25,000 for larger PAN-level aggregates. Minimum redemption or switch-out is ₹25,000. Transactions leaving remaining investments below ₹10,00,000 are rejected.

NFO and Pricing

The NFO unit price is ₹1,000. The offer is open for three to fifteen working days. Any date changes are updated on the fund website. Units are allotted after applicable stamp duty and transaction charges.

Read More: HDFC Mutual Fund Files Draft for Income Plus Arbitrage Omni FOF With SEBI!

Conclusion

The Diviniti Equity Long Short Fund provides access to a diversified equity portfolio with limited derivative use. The plan and option structure, clear load rules, and investment minimums are defined for orderly participation in the fund.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund Investments are subject to market risks, read all the related documents carefully before investing.