NFO NEST

February 2015

NFOs of multifarious tinges continue to flood the market in the February 2015 NFONEST.

LIC Nomura Midcap Fund

Opens: February 2, 2015

Closes: February 16, 2015

LIC Nomura Mutual Fund has launched a new fund as LIC Nomura Midcap Fund, an open ended equity fund. The investment objective of the fund is to generate long term capital appreciation by investing substantially in a portfolio of equity and equity linked instruments of midcap companies. The fund shall invest 65% to 100% of assets in equity and equity related instruments of mid cap companies and up to 35% in debt and money market instruments (including investment in securitised debt) with medium to high risk profile. Investment in securitised debt will be up to 10% of the net assets of the fund. The benchmark index for the fund is CNX Midcap Index. The fund managers are Nobutaka Kitajima and Sachin Relekar.

HSBC Global Consumer Opportunities Fund

Opens: February 2, 2015

Closes: February 16, 2015

HSBC Mutual Fund has launched a new fund as HSBC Global Consumer Opportunities Fund, an open ended fund of funds. The investment objective of the fund seeks to provide long term capital appreciation by investing predominantly in units of HSBC Global Investment Funds (HGIF) China Consumer Opportunities Fund. A certain proportion of its corpus will also be invested in money market instruments and / or units of liquid mutual fund schemes, in order to meet liquidity requirements from time to time. The fund would invest 95-100% of assets in units issued by HGIF China Consumer Opportunities Fund and invest up to 5% of assets in money market instruments (including CBLO & reverse repo) and units of domestic mutual funds. The benchmark index for the fund is MSCI AC World Index. The fund managers are Anitha Rangan and Sanjay Shah.

ICICI Prudential Capital Protection-oriented Fund VII–Plan G

Opens: February 2, 2015

Closes: February 16, 2015

ICICI Prudential Mutual Fund has launched a new fund named as ICICI Prudential Capital Protection Oriented Fund VII - Plan G, a close ended capital protection oriented fund. The tenure of the fund is 1285 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 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. Benchmark index for the fund is CRISIL MIP Blended Index. The fund managers are Vinay Sharma (equity portion), Aditya Pagaria, Chandni Gupta, and Rahul Goswami (debt portion), and Shalya Shah (for investments in ADR / GDR and other foreign securities).

SBI Dual Advantage Fund – Series VII

Opens: February 2, 2015

Closes: February 16, 2015

SBI Mutual Fund has unveiled a new fund named as SBI Dual Advantage Fund - Series VII, a close ended hybrid fund. The tenure of the fund is 1111 days from the date of allotment. The primary investment objective of the fund is to generate income by investing in a portfolio of fixed income securities maturing on or before the maturity of the fund. The secondary objective is to generate capital appreciation by investing a portion of the fund’s corpus in equity and equity related instruments. The fund will invest 55%-95% of assets in debt and debt related instruments, invest up to 10% of assets in money market instruments with low to medium risk profile, and invest 5%-35% of assets in equity and equity related instruments including derivatives with high risk profile. Benchmark index for the fund is CRISIL MIP Blended Fund Index. Rajeev Radhakrishnan shall manage debt portion and Richard D`souza shall manage investments in equity and equity related instruments of the fund.

DSP BlackRock Dual Advantage Fund – Series 35 – 36M

Opens: February 4, 2015

Closes: February 18, 2015

DSP BlackRock Mutual Fund has launched a new fund named as DSP BlackRock Dual Advantage Fund - Series 35 - 36M, a closed ended income fund. The primary investment objective of the funds is to generate returns and seek capital appreciation by investing in a portfolio of debt and money market securities. The funds also seek to invest a portion of the portfolio in equity and equity related securities to achieve capital appreciation. As far as investments in debt and money market securities are concerned, the funds will invest only in securities which mature on or before the date of maturity of the funds. The fund shall invest 50-95% in debt securities, up to 15% in money market securities with low to medium risk profile, and 5-35% in equity and equity related securities with high risk profile. Benchmark index for the fund will be CRISIL MIP Blended Index. The fund will be managed by Dhawal Dalal and Vinit Sambre.

BOI AXA Credit Spectrum Fund

Opens: February 6, 2015

Closes: February 20, 2015

BOI AXA Mutual Fund has launched a new fund as BOI AXA Credit Spectrum Fund, an open-ended debt fund. The tenure of the fund will be 41 months from the date of allotment. The investment objective of the fund is to generate capital appreciation over the long term by investing predominantly in corporate debt across the credit spectrum within the universe of investment grade rating. To achieve this objective, the fund will seek to make investments in rated, unrated instruments, and structured obligations of public and private companies. The fund will invest 80%-100% of assets in corporate debt (including securitised debt) with medium to high risk profile and invest up to 20% of assets in money market instruments with low risk profile. Investment in securitised debt will not exceed 50% of the net assets of the fund as at the time of purchase. The benchmark index for the fund is CRISIL Composite Bond Fund Index. The fund manager will be Alok Singh.

SBI Banking and Financial Services Fund

Opens: February 11, 2015

Closes: February 24, 2015

SBI Mutual Fund has launched a new fund as SBI Banking & Financial Services Fund, an open ended sector fund. The investment objective of the fund is to generate long-term capital appreciation to unit holders from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in banking and financial services. The fund shall invest 80%-100% in equity and equity related securities of companies engaged in banking and financial services with high risk profile and up to 20% in debt and money market instruments with low to medium risk profile. The benchmark index for the fund is CNX Finance Index. The fund manager will be Sohini Andani.

Canara Robeco Capital Protection-oriented Fund - Series 4

Opens: February 12, 2015

Closes: February 24, 2015

Canara Robeco Mutual Fund has launched a new fund named as Canara Robeco Capital Protection Oriented Fund - Series 4, a close ended capital protection oriented fund. The tenure of the fund is 37 months from the date of allotment. The investment objective of the fund is to seek capital protection on maturity by investing in fixed income securities maturing on or before the tenure of the fund and seeking capital appreciation by investing in equity and equity related instruments. The fund would allocate 70% to 100% of assets in Indian debt instruments and money market instruments with low to medium risk profile and up to 30% of assets in equity and equity related instruments with medium to high risk profile. Benchmark index for the fund is CRISIL MIP Blended Index. The fund managers will be Krishna Sanghavi and Suman Prasad.

Pramerica Diversified Equity Fund

Opens: February 11, 2015

Closes: February 25, 2015

Pramerica Mutual Fund has launched a new fund as Pramerica Diversified Equity Fund, an open ended equity fund. The investment objective of the fund is to generate income and capital appreciation by predominantly investing in an actively managed diversified portfolio of equity and equity related instruments including derivatives. The fund shall invest 65%-100% of assets in equity and equity related instruments with high risk profile and up to 35% in cash, money market, debt securities, liquid and debt schemes of Pramerica Mutual Fund with low to medium risk profile. The benchmark index for the fund is S&P BSE 200 Index. The fund managers are Brahmaprakash Singh - Equity portfolio and Ritesh Jain - Debt portfolio.

Canara Robeco India Opportunities Fund - Series 2, R*Shares NV20 ETF, Reliance Banking and PSU Debt Fund, Pramerica Build in India Fund - Series 1 to 2, Union KBC Capital Protection-oriented Fund – Series 6, Reliance Capital Builder Fund III ( Series A to Series C), SBI Balanced Opportunity Fund- Series I to III, Principal Arbitrage Fund, Pramerica E-commerce Fund – Series 1 to 2, UTI Flexicap Bluechip Fund, R*Shares CNX Midcap ETF, ICICI Prudential Manufacture in India Fund, Birla Sunlife Retirement Fund, DSP BlackRock Equity Income Fund, and DSP BlackRock Equity Advantage Fund - Series 1 to 5 are expected to be launched in the coming months.