NFO NEST

November 2016

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

Birla Sun Life Resurgent India Fund – Series II

Opens: November 10, 2016

Closes: November 24, 2016

Birla Sun Life Mutual Fund has launched a new fund named as Birla Sun Life Resurgent India Fund - Series 2, a close ended equity fund. The tenure of the fund is 3.5 years from the date of allotment of units. The investment objective of the fund is to provide capital appreciation by investing primarily in equity and equity related securities that are likely to benefit from recovery in the Indian economy. The fund would invest 80%-100% of assets in equity and equity related securities with high risk profile and invest upto 20% of assets in cash, money market, and debt instruments with low risk profile. Benchmark Index for the fund is S&P BSE 200. The fund manager will be Mahesh Patil.

Axis Hybrid Fund – Series 35

Opens: November 11, 2016

Closes: November 25, 2016

Axis Mutual Fund has launched a new fund named as Axis Hybrid Fund Series 35, a 1359 days close ended debt fund. The primary objective is to generate income by investing in high quality fixed income securities that are maturing on or before the maturity of the fund whilst the secondary objective is to generate capital appreciation by investing in equity and equity related instruments. The fund will allocate 70% to 95% of assets in debt instruments including securitized debt with low to medium risk profile, invest upto 25% of assets in money market instruments with low risk profile and it would allocate 5% to 30% of assets in equity and equity related instruments with high risk profile. Investment in securitized debt would be up to 50% of the net assets of the fund. The fund shall not invest in foreign securitized debt. Benchmark Index for the fund is a combination of Crisil Composite Bond Fund Index (80%) and Nifty 50 Index (20%). The fund managers are Devang Shah (debt component) and Ashwin Patni (equity component).

IDFC Credit Opportunities Fund, Birla Sun Life Resurgent India Fund – Series 3, 4, and 5, UTI Long-term Advantage Fund – Series V, HSBC Capital Protection Fund – Series III (Plan I to IV), Mirae Asset Dynamic Bond Fund, Reliance Dada-Dadi Fund, Sundaram NIFTY 50 Equal Weight Fund, Reliance Nivesh Lakshya Fund, UTI Capital Protection Oriented Fund – Series IX, Sundaram Top 100 Series VI-VII, and Sundaram Value Fund Series VII - VIII are expected to be launched in the coming months.