NFO NEST

October 2016

Closed-end tax planning NFOs adorn the October 2016 NFONEST.

IDBI Prudence Fund

Opens: October 3, 2016

Closes: October 17, 2016

IDBI Mutual Fund has launched the IDBI Prudence Fund, an open ended balanced fund. The investment objective of the fund is to generate opportunities for capital appreciation along with income by investing in a diversified basket of equity and equity related instruments, debt and money market instruments. It aims to invest minimum 35% of its assets in equity and equity related instrument, and equity investments will be limited to companies that are constituents of S&P BSE 500 Index and are having a total market capitalisation of at least Rs 2,500 crore at the time of investment. Besides, IDBI Prudence Fund also has a mandate to invest (upto 10% of its assets) in profitable arbitrage opportunities available in market at a given point of time to take advantage of spreads between cash and derivatives market. In the absence of arbitrage opportunity in the market the fund may invest that allocation in debt and money market instruments. In debt instruments, the fund has a mandate to invest upto 60% of its assets including fixed/floating rate debt instruments and securitized debt and money market instruments, and the debt instruments will be limited to those with A1+/ AA+ rating and above. The fund’s performance will be benchmarked against 50% S&P BSE 500 Index + 50% CRISIL Composite Bond Fund Index and its fund managers are V. Balasubramanian (equity component), and Gautam Kaul (debt component).

HDFC Dual Advantage Fund Series III 1267D

Opens: October 10, 2016

Closes: October 21, 2016

HDFC Mutual Fund has launched a new close ended hybrid debt fund named as HDFC DAF – Series III – 1267D. The fund seeks to generate income 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 performance of the fund is benchmarked against CRISIL Debt Hybrid. Anil Bamboli, Krishna Kumar Daga, and Rakesh Vyas are the fund managers.

Sundaram Long Term Micro Cap Tax Advantage Fund -Series III

Opens: August 8, 2016

Closes: November 11, 2016

Sundaram Mutual Fund has launched a new close ended tax planning fund named as Sundaram Long Term Micro Cap Tax Advantage Fund – Series III. The fund seeks to generate capital appreciation over a period of ten years by predominantly investing in equity and equity related instruments of companies that can be termed as micro-cap and from income tax benefit available. The performance of the fund is benchmarked against Nifty Smallcap 100. Dwijendra Srivastava and S.Krishna Kumar are the fund managers.

UTI Long Term Micro Advantage Fund -Series IV

Opens: October 10, 2016

Closes: January 18, 2017

UTI Mutual Fund has launched a new close ended tax planning fund named as UTI Long Term Tax Advantage Fund – Series IV. The fund seeks to generate capital appreciation over a period of ten years by predominantly investing in equity and equity related instruments of companies along with income tax benefit. The performance of the fund is benchmarked against S & P BSE 100 Index. Lalit Nambiar is the fund manager.

Sundaram Long Term Micro Cap Tax Advantage Fund -Series IV

Opens: September 27, 2016

Closes: March 20, 2017

Sundaram Mutual Fund has launched a new close ended tax planning fund named as Sundaram Long Term Micro Cap Tax Advantage Fund – Series IV. The fund seeks to generate capital appreciation over a period of ten years by predominantly investing in equity and equity related instruments of companies that can be termed as micro-cap and from income tax benefit available. For the purpose investment by the fund 'micro cap' stock is defined as one whose market cap is equal to or lower than the 301^st Stock by market cap (after sorting the securities in the descending order of market capitalization) on the National Stock exchange of India limited, Mumbai, at the time of investment. The performance of the fund is benchmarked against Nifty Smallcap 100. Dwijendra Srivastava and S.Krishna Kumar are the fund managers.

ICICI Prudential Value Fund – Series 9-12, ICICI Prudential Multiple Yield Fund Series 9, SBI-ETF Nifty Private Bank Fund, IDBI Midcap Fund, ICICI Prudential P.H.D. Fund, ICICI Prudential PSU Bank iWIN ETF, ICICI Prudential Sensex Index Fund, ICICI Prudential Nifty Low Vol 30 iWIN ETF, HDFC Dual Advantage Fund – Series IV, ICICI Prudential Capital Protection Oriented Fund – Series XI, and Mahindra Mutual Fund Badhat Yojana are expected to be launched in the coming months.