ITI Mutual Fund had received SEBI#39;s go-ahead in May 2018.: ITI Mutual Fund will be launching a maiden scheme, ITI Liquid Fund, for a day on April 24, said George Heber Joseph, Chief Executive Officer and Chief Investment Officer, ITI Mutual Fund. ITI Asset Management is a part of Sun Pharma director Sudhir Valia-backed Investment Trust of India group. The open-ended scheme will invest money market papers and debt instruments having residual maturity up to 91 days.