NFO NEST

May 2016

There is a dearth of NFOs in the May 2016 NFONEST.

DSP Blackrock Dual Advantage Fund Series 45 – 38 months

Opens: May 3, 2016

Closes: May 16, 2016

DSP BlackRock Mutual Fund has introduced the DSP BlackRock Dual Advantage Fund-Series 45-38M, a close ended income fund. The investment objective of the fund is to generate returns and seek capital appreciation by investing in a portfolio of debt and money market securities. The fund also seeks 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 fund will invest only in securities which mature on or before the date of maturity of the fund. The fund’s performance will be benchmarked against CRISIL MIP Blended Index and its fund managers are Dhawal Dalal, and Vinit Sambre.

Edelweiss ETF – Nifty Quality 30

Opens: May 12, 2016

Closes: May 20, 2016

Edelweiss Mutual Fund has launched a new fund named as Edelweiss ETF - Nifty Quality 30, an open ended exchange traded fund. The index consists of 30 stocks selected on the basis of a quality score by India Index Services & Products Limited (IISL). The investment objective of the fund is to provide returns before expenses that closely correspond to the total returns of the Nifty Quality 30 Index subject to tracking errors. The fund would allocate 95%-100% of assets in stocks constituting Nifty Quality 30 Index with medium to high risk profile and invest up to 5% of assets in debt and money market instruments (with unexpired maturity not exceeding 91 days) and liquid schemes with low risk profile. The investment strategy adopted aims to cover companies, which have a financially strong track record, as evidenced through historical financial indicators such as return on equity, debt to equity, and average year-on-year growth in terms of profit after tax (PAT), over the past three years. Benchmark Index for the fund is Nifty Quality 30 Index. The fund managers are Bhavesh Jain and Kartik Soral (Co-fund manager).

UTI Capital Protection Oriented Fund – Series VII-V (1281 Days)

Opens: May 13, 2016

Closes: May 27, 2016

UTI Mutual Fund has launched a new fund named as UTI Capital Protection Oriented Fund - Series VII - V (1281 Days), a close ended capital protection oriented income fund. The duration of the fund is 1281 days from the date of allotment. The investment objective of the fund is to endeavour to protect the capital by investing in high quality fixed income securities as the primary objective and generate capital appreciation by investing in equity and equity related instruments as secondary objective. The fund shall invest 70-100% of assets in debt and money market instruments with low to medium risk profile and up to 30% 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 are Sunil Patil and Srivatsa.

Kotak Capital Protection Oriented Fund – Series 4

Opens: May 16, 2016

Closes: May 30, 2016

Kotak Mahindra Mutual Fund has launched the Kotak Capital Protection Oriented Fund - Series 4, a close ended income fund that matures 1102 days from the date of allotment. The investment objective of the fund is to seek capital protection by investing a portion of the portfolio in highest rated debt securities and money market instruments and also to provide capital appreciation by investing the balance in equity and equity related securities. The fund managers are Mr. Abhishek Bisen and Mr. Deepak Gupta. The fund is benchmarked against CRISIL Composite Bond Fund Index (80%) and CNX Nifty (20%)

TATA MF – Tata Small Cap Fund, Sundaram Hybrid Series R-T, Sundaram World Brand Fund –Series IV, and HDFC Dual Advantage Fund Series III are expected to be launched in the coming months.