NFO NEST

December 2014

NFOs of various hues continue to flood the market in the December 2014 NFONEST.

ICICI Prudential Growth Fund – Series 5

Opens: December 1, 2014

Closes: December 15, 2014 ICICI Prudential Mutual Fund has launched a new fund as ICICI Prudential Growth Fund - Series 5, a close ended equity fund. The tenure of the fund is 1279 days from the date of allotment. The investment objective of the fund is to provide capital appreciation by investing in a well-diversified portfolio of equity and equity related securities. The fund will invest 80% - 100% of its assets in equity & equity related instruments with medium to high risk profile and invest up to 20% of assets in debt, money market instruments, and cash with low to medium risk profile. Investment in securitized debt can be up to 50% of debt allocation of the fund. The benchmark Index for the fund is CNX Nifty Index. The fund is proposed to be listed on BSE. The fund will be managed by Vinay Sharma and Yogesh Bhatt. The investments under ADRs/GDRs and other foreign securities will be managed by Shalya Shah.

Indiabulls Arbitrage Fund Opens: December 1, 2014 Closes: December 15, 2014

Indiabulls Mutual Fund has launched a new fund as Indiabulls Arbitrage Fund, an open ended equity fund. The investment objective of the fund is to generate income by predominantly investing in arbitrage opportunities in the cash and derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market instruments. The fund shall invest 65-100% in equity and equity related securities, 65-100% in equity derivatives and up to 35% in debt & money market securities/instruments. The benchmark index for the fund will be CRISIL Liquid Fund Index. The fund manager will be Sumit Bhatnagar.

DWS Midcap Fund - Series I

Opens: December 1, 2014

Closes: December 15, 2014

Deutsche Asset Management India has announced the launch of DWS Mid Cap Fund- Series 1, a three year close ended equity fund.  The objective of the fund is to generate long term capital appreciation from a portfolio that comprises equity and equity related securities of mid cap companies. The fund portfolio will comprise 70% - 100% of mid-cap companies.  The equity fund management team is led by Akash Singhania. The benchmark index for the fund will be CNX Mid Cap. The fund managers are Akash Singhania and Rakesh Suri.

HDFC Capital Protection Oriented Fund – Series III

Opens: December 5, 2014

Closes: December 17, 2014

HDFC Mutual Fund has launched a new plan named as HDFC Capital Protection Oriented Fund- Series III - December 2014, a close ended capital protection oriented scheme with the duration of 1207 days from the date of allotment. The investment objective of the plan is to generate returns by investing in a portfolio of debt and money market securities which mature on or before the date of maturity of the fund. The fund also seeks to invest a portion of the portfolio in equity and equity related securities to achieve capital appreciation. The plan would invest 75% to 100% of assets in debt and money market instruments with low to medium risk profile and invest up to 25% in equity and equity related instruments (including equity derivatives) with high risk profile. Benchmark Index for the plan is CRISIL MIP Blended Index. The fund managers are Anil Bamboli (Debt Portfolio) and Vinay R Kulkarni (Equity Portfolio). Rakesh Vyas will be dedicated fund manager for Overseas Investments.

Reliance Capital Builder Fund II - Series A

Opens: December 8, 2014

Closes: December 17, 2014

Reliance Mutual Fund has launched a new fund as Reliance Capital Builder Fund II - Series A, a close ended equity oriented fund with the duration of 1102 days from the date of allotment. The investment objective of the fund is to provide capital appreciation to the investors, which will be in line with their long term savings goal, by investing in a diversified portfolio of equity & equity related instruments with small exposure to fixed income securities. The fund will allocate 80%-100% of assets in diversified equity & equity related instruments with medium to high risk profile and invest up to 20% of assets in debt and money market instruments with low to medium risk profile. The benchmark Index for the fund is S&P BSE 200 Index. The fund managers will be Samir Rachh and Jahnvee Shah (overseas investments).

UTI Focused Equity Fund Series - II

Opens: December 4, 2014

Closes: December 18, 2014

UTI Mutual Fund has launched a new fund as UTI Focused Equity Fund Series - II, a close ended equity fund with the duration of 1102 days from the date of allotment. The primary objective of the fund is to generate long term capital appreciation by investing predominantly in equity and equity related securities of listed companies. The fund will endeavor to invest in either growth stocks or value stocks or both without any capitalization bias. The fund will normally hold up to 30 stocks in the portfolio. The fund will allocate 65% to 100% of assets in equity and equity related instruments with high risk profile and invest up to 35% of assets in debt & money market instruments with low to medium risk profile. The benchmark Index for the fund is S&P BSE 200 Index. The fund managers will be Anoop Bhaskar and Lalit Nambiar. Arprit Kapoor is the dedicated fund manager for investments in ADRs/GDRs/Foreign Securities.

Baroda Pioneer Equity Trigger Fund

Opens: December 5, 2014

Closes: December 19, 2014

Baroda Pioneer Mutual Fund has launched a new fund as Baroda Pioneer Equity Trigger Fund - Series I, a close ended equity fund. The investment objective of the fund is to provide capital appreciation by investing in a well-diversified portfolio of equity and equity related securities predominantly of mid-cap and small cap companies. The fund shall invest 80-100% in equity and equity related instruments with medium to high risk profile and up to 20% in debt, money market instruments and cash with low to medium risk profile. Equity instruments: (1) Investment in mid-caps can be between 65% - 100% (2) Investment in small-caps can be between 0% - 15%  (3) Investment in large-caps can be between 0% - 15% (4) Investment in equity derivatives can be up to 50% of the net assets of the fund. The units of the fund will be listed on NSE in order to provide liquidity. The benchmark Index for the fund is S&P BSE Mid-cap index. The fund manager will be Dipak Acharya.

ICICI Prudential Capital Protection Oriented Fund – Series VII Plan C

Opens: December 10, 2014

Closes: December 24, 2014

ICICI Prudential Mutual Fund has launched a new fund named as ICICI Prudential Capital Protection Oriented Fund VII - Plan C, a close ended capital protection oriented scheme. The tenure of the scheme is 1284 days. The investment objective of the fund is to seek to protect capital by investing a portion of the portfolio in highest rated debt securities and money market instruments and also provide capital appreciation by investing the balance in equity and equity related securities. The securities would mature on or before the maturity of the plan under the fund. The fund would allocate 70%-100% of assets in debt securities and money market instruments with low to medium risk profile and invest up to 30% of assets in equity and equity related securities with medium to high risk profile. The fund is proposed to be listed on NSE. Benchmark Index for the fund is CRISIL MIP Blended Index. The fund managers are Vinay Sharma (equity portion), Aditya Pagaria and Rahul Goswami (debt portion) and Ashwin Jain (for investments in ADR/GDR and other foreign securities).

Baroda Pioneer Hybrid Fund Series 1 and 2, Axis Retirement Planning Fund, Reliance US Equity Opportunities Fund, Sundaram Select Small Cap Fund Series III and IV, UTI Medium Term Fund, HSBC Capital Protection Oriented Fund Series II (Plan 1 to Plan IV), HDFC Focused Equity Fund, BOI AXZ Capital Protection Oriented Fund Series 3, and Sundaram World Brand Fund-Series IV-VI are expected to be launched in the coming months.