NFO NEST

May 2012

A delectable spread on the NFONEST platter…a happy combination of flavours to be savoured in the NFONEST May 2012.

JP Morgan India Hybrid Fund – Series 1

Opens: May 7, 2012

Closes: May 21, 2012

 

JP Morgan India Hybrid Fund Series 1 aims at generating returns by investing in fixed income securities that are maturing on or before the maturity of the fund along with achieving capital appreciation through equity exposure. The asset allocation of the fund will be in such a way that the objective of the fund to generate returns and reduce interest rate volatility will be met, through investments in a portfolio of fixed income securities and equity related securities. Hence, the fund will allocate 65 to 95% of assets in debt and money market instruments and 5 to 35% in equity and equity related instruments. The fund will be benchmarked against 15% of BSE 200 and 85% of the CRISIL Composite Bond Fund Index. Namdev Chougule, Ravi Ratanpal, Amit Gadgil and Karan Sikka will be the Fund Manager(s).

ICICI Prudential Capital Protection Oriented Fund II – Series IX

Opens: May 14, 2012

Closes: May 23, 2012

ICICI Prudential Capital Protection Oriented Fund II - Series XI - 36 Months Plan is a close ended capital protection oriented fund. The investment objective of the fund is to seek to protect capital by investing a portion of the portfolio in good quality debt securities and money market instruments and also to provide capital appreciation by investing the balance in equity and equity related securities. The securities would mature on or before the maturity of the fund. The fund will allocate 82% to 100% of assets to debt securities and money market instruments with low to medium risk profile. On the flipside, it would allocate up to 18% of assets in equity and equity related securities with medium to high risk profile. The fund`s performance will be benchmarked against CRISIL MIP Blended Index. Debt portion of the fund will be managed by Chaitanya Pande and equity portion will be managed by Rajat Chandak. The investments of the fund in ADR/GDR and other foreign securities are being handled by Punit Mehta.

Tata Capital Protection Oriented Fund – Series I

Opens: May 16, 2012

Closes: May 30, 2012

Tata Capital Protection Oriented Fund Series I (3 Years) is a close-ended debt scheme with a duration of 3 years from the date of allotment. The investment objective of the scheme is to seek income and minimize risk of capital loss by investing in a portfolio of fixed income securities. The performance of the scheme will be benchmarked against CRISIL MIP Blended Index and will be jointly managed by Mr. Thomas J Priju (for Equity portion) and Mr. Marzban Irani (for Debt portion).

Taurus Banking and Financial Services Fund

Opens: May 16, 2012

Closes: May 30, 2012

Taurus Mutual Fund has launched its first sector fund, the open-ended Taurus Banking & Financial Services Fund. The primary objective of the fund is to generate capital appreciation through a portfolio that invests predominantly in equity and equity related instruments of Banking, Financial and Non Banking Financial Companies that form part of the BFSI Sector. The fund will be actively managed and benchmarked to the BSE Bankex. Being a sectoral fund, the portfolio could be concentrated. Since sectoral funds carry a higher risk, investors with a high risk appetite and longer time frame of 3-5 years, can consider investment here.

BNP Paribas Income and Gold Fund

Opens: May 17, 2012

Closes: May 31, 2012

BNP Paribas Income and Gold Fund is an open-ended debt fund with an investment objective to generate income from a portfolio consisting of debt and money market securities, along with investments in Gold Exchange Traded Funds (ETFs). The scheme’s portfolio comprises of 65% to 90% debt instruments and 10% to 35% of assets in Gold ETFs with a high risk profile. Crisil Short Term Bond Fund Index + Price of Gold with the ratio of 75:25 will be the Benchmark Index for the fund. The fund will be managed by Puneet Pal.

Axis Fundamental Factors Equity Fund, Union KBC Asset Allocation – Moderate, Union KBC Capital Protection Oriented Fund – Series I, UTI Capital Protection oriented Fund – Series III, Canara Robeco Gold Savings Fund, UTI Medium Term Fund, JP Morgan US Growth Equity Offshore Fund, JP Morgan Hybrid Fund Series II, DSPBR Dynamic Asset Allocation Fund, and India Bulls MIP Gold Plus are expected to be launched in the coming months.