ITI Mutual Fund Gets SEBI Nod for Diviniti Equity Long Short Fund Under Specialized Investment Fund (SIF) Platform

Mumbai, October 10: ITI Mutual Fund has announced that it has received the approval of Securities and Exchange Board of India (SEBI) to launch its Diviniti Equity Long Short Fund. With this, it will be the first investment strategy launched by ITI under the newly established Diviniti Specialized Investment Fund (SIF) platform.

Open-Ended Investment Strategy

The Diviniti Equity Long Short Fund will be an open-ended Equity – Long Short scheme. Its objective will be to generate long-term capital growth by dynamically investing in equity and equity-related instruments, with limited short exposure through derivatives. The fund’s performance will be benchmarked against the Nifty 50 Total Return Index (TRI). During the NFO, the minimum investment will be ₹10 lakh and in multiples of ₹1 thereafter, while ongoing investments will start at ₹25,000 and in multiples of ₹1. The NFO unit price will be ₹1,000 per unit. Subscriptions and redemptions will be allowed daily on business days. An exit load of 0.50% will apply if units are redeemed or switched within six months, and nil thereafter. The fund is proposed to be listed on NSE for liquidity. It will be managed by Vasav Sahgal and Rajesh Bhatia, with its registered office at ITI House, Dr. R. K. Shirodkar Marg, Parel, Mumbai – 400012.

Highest Allocation To Listed Equities

The Diviniti Equity Long Short Fund will mainly invest 80%–100% of the fund in listed stocks and related instruments. It will keep up to 20% of the fund in debt, money market instruments, REITs, and InvITs to manage liquidity and diversify risk. The fund will also invest in overseas shares up to USD 50 million and international ETFs up to USD 20 million, giving it access to global opportunities.

Key Investor Facilities

The fund will offer Regular and Direct plans with Growth and IDCW (Income Distribution cum Withdrawal) options. For IDCW, investors will be able to choose between Payout or Reinvestment. Systematic investment plans will be available, including SIPs with a minimum of ₹5,000 and in multiples of ₹1 thereafter, as well as STP and SWP with daily, monthly, or quarterly frequencies. Features like Auto Switch and One-Time Mandate (OTM) will make investing seamless. During the NFO period, the minimum corpus will be ₹10 crore.

REF: https://www.sebi.gov.in/sebi_data/attachdocs/oct-2025/1760005366602.pdf

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