ABOUT US

For millions of Indians who aspire to a better financial status, we are here to help. Welcome to a mutual fund company where thoughtful and investor centric investment solutions are offered along with robust invest management and research expertise. This enables investors to pursue their financial goals with lot of confidence and a fresh thinking.

Introducing ITI Mutual Fund

ITI Mutual Fund aims to offer high-quality investment solutions to investors seeking long term wealth creation. We have access to some of the finest minds in the Investment Management, Equity Research and Credit Research space that enables us to run a very unique investment philosophy and also deploy robust investment strategies that can stand the test of time. The agility, no baggage and fresh perspective can help investors get ahead in a rapidly evolving economy.

Welcome to your future, to ITI Mutual Fund.

Introducing
Our Background
ITI Group - Our Background

ITI Group is an innovative, conservative and emerging financial services conglomerate which has interest in various financial services businesses. We are present in institutional & retail equity research and broking, asset-based lending (fintech SME lending, vehicle loans etc.), investment banking, alternative investment funds (Long-Short Equity, Real Estate, Venture Capital) and fixed income broking and retailing. Each business has a well experienced professional as the business head who drives the business and most of the businesses are getting nurtured with long-term growth plans and objectives.

The Investment Trust of India Ltd. is the promoter of ITI Mutual Fund which has over 3000 employees across 190 branches in India.

Key Management

Our Sponsors

ITI Mutual Fund
Trustee Pvt. Ltd

ITI Asset
Management Limited

Key Management
Mr. George Heber Joseph
Mr. George Heber Joseph
Chief Executive Officer & Chief Investment OfficerView Profile

Mr. George Heber Joseph joined ITI Asset Management Ltd. in November 2018 and is responsible for the entire business of ITI Asset Management Ltd.

George has around two decades of experience and has held positions in Equity Research, Fund Management, Treasury Management and Management Consulting. Prior to joining ITI Asset Management Ltd., he has worked in companies like ICICI Prudential Asset Management Ltd., Tanfac Industries Ltd. (Aditya Birla Group), Cholamandalam Investments & Finance Co. Ltd., Met Life India, Wipro and DSP Merrill Lynch Ltd. based in India and abroad.

His last stint was at ICICI Prudential Asset Management Co. Ltd. Mumbai, where he spent more than a decade managing some of the large flagship fund strategies in the equity and hybrid categories with assets under management exceeding Rs. 10,000 crores. All funds (Multicap, ELSS - Long Term Equity Fund, Child Care) and discretionary portfolios (Wellness, Exports, Flexicap, Largecap, PIPE/Smallcap) managed by him during this entire period were excellent performers in their respective categories. There, he was designated as Senior Fund Manager (Vice President Grade) based in Mumbai, India and was one of the Key Management Personnel in the company and was part of the investment management team.

He is known for his focus on extensive bottom-up research and stock picking capabilities, has overseen fund managers activities, managed various research analysts during his tenure.
Mr. George holds dual Bachelor’s Degrees in English Language & Literature and Commerce. He is a qualified Chartered Accountant from Institute of Chartered Accountants of India, New Delhi and a Cost and Management Accountant from Institute of Cost Accountants of India, Kolkata.

Mr. PRADEEP GOKHALE
Mr. Pradeep Gokhale
Senior Fund Manager & Head of Research View Profile

Mr. Pradeep Gokhale joined ITI Asset Management Ltd. in November 2018. He has over 23 years of extensive experience in Fund Management, Equity Research, Credit Evaluation and Ratings.

He has been associated as a Key Management Personnel at Tata Asset Management Ltd. for 15 years and his last role was in the capacity of Senior Fund Manager – Equities.

During his stint, he managed a broad spectrum of schemes across large cap (Tata Large Cap Fund), multi cap (Tata Large and Midcap Fund, Tata India Tax Savings Fund and the equity portion of Tata Hybrid Equity Fund), offshore fund (Tata India Offshore Opportunities Fund) and thematic funds (Tata Ethical Fund) with assets under management exceeding Rs. 5,000 crores. He was responsible for heading the equity research function and also for tracking various sectors and a wide variety of stocks.

Prior to joining Tata Asset Management Ltd., he was Head of Financial Sector and Securitization Ratings at CARE Ratings Ltd. since April 1995. At CARE, he handled multiple ratings and advisory assignments of companies across manufacturing, financial services and other services sectors. He has also worked in the corporate finance departments of companies like Bombay Dyeing, Tata International and Lubrizol India Ltd.
Mr. Pradeep is a qualified Chartered Accountant from Institute of Chartered Accountants of India, New Delhi and a Chartered Financial Analyst from CFA Institute – USA.

Milan Mody
Mr. Milan Mody
Fund Manager - Fixed Income View Profile

Mr. Milan Mody joined ITI Asset Management Ltd. in November 2017 and brings with him more than 16 years of experience in Fund Management and Dealing in the Fixed Income Market.

At his previous appointment at ZyFin Research Pvt. Ltd. as Product & Investment Manager from November 2015 to October 2017, he was managing Indian Fixed Income ETFs covering Indian Sovereign Bond ETF, and PSU Corporate Bond ETF with total assets of over USD 75 million.

He also managed other ETFs including ZyFin Turkey Sovereign Bond ETF and ZyFin MSCI India ETF in collaboration with foreign institutional players. At Zyfin, he was responsible for Fund Management and Product Development covering the fixed income markets.

Prior to joining ZyFin Research, he was a Fund Manager at Sahara India Life Insurance Company Ltd. managing ULIPs and traditional scheme portfolios from November 2005 until October 2015. Here, he was responsible for managing six ULIP schemes with participating and non-participating funds (traditional schemes).

He was also associated with debt intermediaries like Darashaw and BRICS securities (catering to institutional investors and FPIs in the Wholesale Debt Market) from 2002 till 2005.

Mr. Milan has done his MBA in Finance from MET Institute, Mumbai.

Mr. VIKAS RATHIE
Mr. Vikas Rathie
National Head – Sales & Distribution View Profile

Mr. Vikas Rathie joined ITI Asset Management in February 2019 and is responsible for the entire Sales and Distribution function of ITI Asset Management Ltd.

Mr. Vikas Rathie is a seasoned sales & business development professional with more than two decades of experience in Channel Sales, Distribution Management, Business Development, Key Account Management, Profit Centre Operations and Team Management.

His last assignment was at Reliance Nippon Life Asset Management Ltd., Mumbai as Vice President & National Head B-15 (Emerging Markets). In this role he was responsible for the Sales and Business Development of 150 branches across the country. He was also instrumental in developing innovative branding and marketing activities across zones with several investor and distributor awareness programmes.

Prior to this, Mr. Vikas has been instrumental in driving sales and business development in various sectors like Telecom, Insurance and Logistics across the length and breadth of the country. In the past he was associated with other organizations like Idea Cellular, Bharti Airtel, HDFC Life Insurance and TNT Express.

He is a Post Graduate Diploma holder in Management from Institute of Management Technology, Ghaziabad and a B.E. in Computer Science from S.G.S. Institute of Technology & Science, Indore.

Our Sponsors
The Investment Trust of India Limited
60% holding

The Investment Trust of India Limited (erstwhile Fortune Financial Services (India) Limited) with a 60% holding has a net worth of nearly Rs. 405 crores, as on March 31, 2018.

Fortune Credit Capital Limited (FCCL)
40% holding

Fortune Credit Capital Limited (FCCL) with a 40% holding is also a 100% subsidiary of The Investment Trust of India Limited. FCCL has a net worth of Rs.172.27 crores, as on March 31, 2018.

ITI Asset Management Limited
Alok Kumar
Mr. Alok Kumar Misra
Associate Director
Mr. Alok Kumar Misra is the erstwhile Chairman and Managing Director of Bank of India & Oriental Bank of Commerce with an expertise in Finance, Accounting, Management & Administrative matters, Corporate Governance & Enterprisewide Risk Management.
He has served as a Chairman of the IBA, Managing Director of Indo Zambia Bank and as an Executive Director of Canara Bank.
He is an M.Sc. in Statistics, Certified Associate of the Indian Institute of Banks (CAIIB), Fellow of the Chartered Institute of Bankers of Scotland (FCIBS), Fellow of the Zambian Institute of Bankers (FZIB) and an Associate of the Australian Institute of Banking and Finance (AAIBF).
Pankaj Bhuta
Mr. Pankaj Bhuta
Associate Director
Mr. Pankaj Bhuta is a Founder of M/s. P. R. Bhuta & Co., Chartered Accountants.
He has more than thirty-nine years in practice and has a rich experience in the field of Foreign Exchange Regulations, Corporate Valuations, Direct Taxation, International Taxation, Transfer Pricing, Audit and Assurance.
He is associated with ITI Group since July 2013. He is a fellow member of the Institute of Chartered Accountants of India.
Rakesh Khanna
Mr. Rakesh Khanna
Independent Director
Mr. Rakesh Khanna is a Director - Olympic Gold Quest and for several large listed and unlisted companies.
Fellow Chartered Accountant with over four decades of experience in taxation, financial and general management areas in the industry, mostly multinationals, financial corporations and professional organizations.
He was the Founding Partner of Ambit-RSM group (since retired).
C S Verma
Mr. C.S. Verma
Independent Director
Mr. C. S. Verma is a finance professional with nearly 35 years of experience and a fellow member of ICSI and ICWA.
He held previous positions including CMD, Steel Authority of India, CMD, National Mineral Development Corporation Ltd., Chairman, International Coal Ventures Ltd., Director (Finance) of BHEL, Group General Manager of Indian Railway Finance Corporation and General Manager of Delhi Stock Exchange (DSE).
He also has an experience of working in a Financial institution for 9 years. He has been the chairman of SCOPE and has been the first President of Indian Steel Association and also the chairman of the “National Committee of Steel.”
Mr. Verma was conferred the “CEO of the year” Platts Global Metals award in the year 2014. Mr. Verma is also recipient of IIM-JRD TATA award (2014) and also the CNBC-TV 18 “Best CFO of the year award” (2010).
Mr. Verma is now a practicing management Professional and is the CEO of the “First Advantage Consulting Group Ltd.”
ITI Mutual Fund Trustee Pvt. Ltd
Alok Kumar
Mr. Sudhir Valia
Associate Director
Mr. Sudhir Valia is a member of the Institute of Chartered Accountants of India and carries more than three decades of experience in taxation and finance.
He has been a Director of Sun Pharmaceuticals Industries Ltd. since the inception of the company and was instrumental in the excellent growth and profitability of the company over the last two decades. He is also on the Board of Taro Pharmaceuticals Ltd.
He was awarded the CNBC TV18 ‘CFO of the Year’ in the Pharmaceutical and Healthcare Sectors for two consecutive years (2011 and 2012).
• He has also been awarded the Adivasi Sevak Puraskar (2008-09) by the Government of Maharashtra. Mr. Sudhir Valia is also the mentor and one of the shareholders of ITI Group.
T.P. Ostwal
Mr. T.P. Ostwal
Independent Director
Mr. T. P. Ostwal is a Chartered Accountant and in practice for last 40 years. He is a Senior Partner of M/s T. P. Ostwal & Associates LLP & DTS & Associates and on the board of several companies.
He has experience in FEMA Tax, International Tax, Transfer Pricing, Valuation, etc. Mr. Ostwal was one of the members of Govt. of India’s committee drafting Transfer Pricing Regulations in India in 2001.
Mr. Ostwal is a visiting professor at Vienna University Austria for teaching International tax for LLM studies and is a member of Transfer Pricing sub-committee of UN since inception.
He was a member of the Expert Committee set up by the Central Board for Direct Taxes for framing transfer pricing regulations in India. He has authored various books on a range of subjects covering International Taxation, Transfer Pricing and Black Money Law in India. He is a member on the board of reputed companies.
Anup Shah
Ms. Priti Savla
Independent Director
Ms. Priti Savla is a Chartered Accountant and a fellow member of ICAI, New Delhi. She is also a qualified Information System Auditor and holds a certificate in entrepreneur’s development program from Indian School of Business (ISB), Hyderabad and on Forensic Accounting and Fraud Prevention from the ICAI.
She is a partner in K P B & Associates, Chartered Accountants and a director in Perch Strategic Advisors Private Ltd. and Perch Foundation
She is serving as an Independent director on the board of listed companies, Aarti Industries Ltd. and Aarti Drugs Ltd. She is a Chairperson of the WIRC of the ICAI, serving as the Regional Council member of WIRC of ICAI since 2013-14.
She is a member on various committees and life member of the professional organizations and social organization - Chamber of Tax Consultants, Bombay Chartered Accountants’ Society.
Ms. Savla has an exposure about 20 years in the areas of strategic planning, business advisory, process set up, risk mitigation and project finance
Gautam Nayak
Mr. Naushad Panjwani
Independent Director
Mr. Naushad Panjwani is a Founder & Managing Partner at Mandarus Partners focusing on cross-border Mergers & Acquisitions Transaction Advisory.
He has served as a Senior Executive Director for Knight Frank India and is a member of the Institute of Chartered Accountants of India.
SERVICE PROVIDERS
Registrar and Transfer Agent
M/s. Karvy Fintech Private Limited
Address:
Karvy Selenium Tower B, Plot No 31 & 32,
Gachibowli Financial, District, Nanakramguda,
Serilingampally, Hyderabad 500032
Custodian and Fund Accountant
SBI-SG Global Securities Services Pvt. Ltd.
Address:
Jeevan Seva Annexe Bldg Ground Floor,
S.V. Road Santacruz (W) Mumbai 400054
Statutory Auditors to Schemes
S. R. Batliboi & Co. LLP
Address:
12th Floor,The Ruby, 29 Senapati Bapat Marg,
Dadar (west) Mumbai 400028
Mutual Fund investments are subject to market risks, please read all scheme related documents carefully.