ITI Pharma and Healthcare Fund NFO launched


ITI Mutual Fund is coming out with a NFO in the form of ITI Pharma & Healthcare Fund.

ITI Pharma & Healthcare Fund as the name suggests would be a thematic fund investing in pharmaceutical and companies involved with healthcare.

The fund would be open for subscription from October 18, 2021 to November 01, 2021.


ITI mutual fund

NFO details for ITI Pharma & Healthcare Fund

Scheme Opens


Scheme Closes


Fund Manager

Mr. Pradeep Gokhale

Mr. Rohan Korde


Nifty Healthcare TRI

Minimum Investment


Fund Category

Thematic : Pharma & Healthcare

Exit Load

Nil if redeemed or switched after 12 months

1% if redeemed within 12 months


ITI Pharma and Healthcare fund would be a thematic fund investing in pharma and healthcare related industries.

This would be the first ever thematic fund from the house of ITI mutual fund.

The fund house already has several equity and debt offerings.

Additional reading: Click Here to read why you should review your mutual fund portfolio yearly

ITI Pharma & Healthcare Fund Investment Objectives

The investment objective of the fund is to generate capital appreciation by investing in equity and equity related securities of companies engaged in pharma and healthcare.

There is no guarantee that the investment objectives of the scheme would be achieved.



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ITI Pharma & Healthcare Fund Allocation

The asset allocation for the fund would be something like this

Asset Class

Minimum %

Maximum %

Equity and Equity Related instruments of companies engaged in pharma & healthcare



Equity & equity related instruments of other companies



Listed Preference Shares



Debt & Money Market Instruments



Units issued by REITs & InvITs




The above figures are only indicative and not fixed, the fund managers have the liberty to move across the asset classes depending upon prevailing market conditions as long as they remain within the mandate permitted.




Features of ITI Pharma and Healthcare Fund

ITI Pharma and Healthcare fund would be a thematic fund investing in pharma and healthcare companies.

At any given time it would need to be 80% invested in companies related to its theme.

It will be first thematic mutual fund scheme from the house of ITI mutual fund.

It has no restriction with respect to caps and can invest across all caps in varying numbers.

It can be seen as a less volatile fund .

For tax calculation purposes, it will be considered an equity fund.



What is a thematic fund? 

A Thematic Mutual Fund as the name suggests follows a particular theme when investing.


A Thematic Mutual Fund can invest across various sectors that fall within one particular theme.


It is far more diversified than a Sectoral Mutual Fund since it is not restricted to any one particular sector.


With ITI Pharma and Healthcare fund, the fund can invest not only in pharma companies but also has the option to choose among companies involved in healthcare.

This could range anywhere from hospitals to health insurance companies.

Additional reading: Click Here to read everything you ever wanted to know about a NFO mutual fund

Who can consider ITI Pharma and Healthcare Fund?

Investors who currently do not have a thematic fund and wish to invest in one.

Those that have a time horizon of 5 years or more.

Investors seeking exposure to pharmaceutical and the healthcare sector companies.


Taxation on ITI Pharma and Healthcare Fund

For the purpose of taxation, ITI Pharma and Healthcare fund qualifies as an equity fund and the taxation charges applicable on it are as follows:


Long term capital gains tax better known as LTCG is applied on any equity mutual fund when the gains from an equity mutual fund which is held for more than a year is more than 1 lakh.

The LTCG rate is 10%.

Capital gains up to 1 lakh are exempt for taxes.

There is no indexation benefit when calculating LTCG.



Short term capital gains tax better known as STCG is applied on gains from an equity mutual fund which is held for 12 months or less.

The STCG rate is 15%.

There is no ceiling benefit in STCG like the 1 lakh ceiling in LTCG.

STCG is charged on from Re 1.


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Who can invest in ITI Pharma and Healtcare Fund?

The following persons are eligible and may apply for Subscription to the Unit(s) of the Scheme:

Resident adult individuals either singly or jointly (not exceeding three) or on an Anyone or Survivor basis;

Minor (as the first and the sole holder only) through a natural guardian (i.e. father or mother, as the case may be) or a court appointed legal guardian. There shall not be any joint holding with minor investments;

Non-Resident Indians (NRIs) / Persons of Indian origin (PIOs) / Overseas Citizen of India (OCI) residing abroad on repatriation basis or on non-repatriation basis;

Such other category of person(s) permitted to make investments and as may be specified by the AMC / Trustee from time to time.

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Disclaimer : While due precaution has been undertaken in the preparation of this article, The Mutual Fund Guide or any of its authors will not be held liable for any investments based on the above article. The above article should not be considered financial advice and has been published only for your perusal. Due credit has been given in case wherever required, in case you feel any part violates any rights then do get in touch with us and we shall get it duly removed.  
Mutual Fund investments are subject to market risks. Please read the offer document carefully before investing

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