NFO NEST

January 2017

NFOs of various hues adorn the January 2017 NFONEST.

IDBI Midcap Fund

Opens: January 5, 2017

Closes: January 19, 2017

IDBI Mutual Fund has launched a new fund named as IDBI Midcap Fund, an open-ended equity fund. The investment objective of the fund is to provide investors with the opportunities for long-term capital appreciation by investing predominantly in equity and equity related instruments of midcap companies. The fund shall invest 65%-100% of assets in equity and equity related instruments of midcap companies with high risk profile and invest upto 35% in debt and money market instruments with low to medium risk profile. Benchmark Index for the fund is Nifty Free Float Midcap 100. The fund manager is V.Balasubramanian.

UTI Dual Advantage Fixed Term Fund – Series IV - II

Opens: January 9, 2017

Closes: January 23, 2017

UTI Mutual Fund has launched a new fund named as UTI Dual Advantage Fixed Term Fund Series IV - II (1278 Days), a close ended hybrid fund. The duration of the fund is 1278 days from the date of allotment. The investment objective of the fund is to generate income and reduce interest rate volatility by investing in fixed income securities that are maturing on or before the date of maturity of the fund and generate capital appreciation by investing in equity and equity related instruments. The fund would invest 65%-95% of assets in debt instruments with low to medium risk profile, invest upto 30% of assets in money market instrument with low risk profile and invest 5%-35% of assets in equity and equity related instruments with medium to high risk profile. Benchmark Index for the fund is CRISIL MIP Blended Fund Index. The fund managers are Sunil Patil (debt portfolio) and V. Srivasta (equity portfolio).

ICICI Prudential Value Fund – Series 11

Opens: January 10, 2017

Closes: January 24, 2017

ICICI Prudential Mutual Fund has launched a new fund named as ICICI Prudential Value Fund - Series 11, a close ended equity fund. The fund will have a tenure of 1100 days from the date of allotment of units. The investment objective of the fund is to provide capital appreciation by investing in a well diversified portfolio of stocks through fundamental analysis. The fund would invest 80% to 100% of assets in equity and equity related instruments with medium to high risk profile and invest upto 20% in debt, money market instruments and cash with low to medium risk profile. Investment in derivatives can be upto 50% of the net assets of the fund. Benchmark Index for the fund is S&P BSE 500 Index. The fund managers are Manish Gunwani, Rajat Chandak, and Ihab Dalwai (for investments in ADR / GDR and other foreign securities).

Mahindra Dhan Sanchay Yojana

Opens: January 10, 2017

Closes: January 24, 2017

Mahindra Mutual Fund has launched a new fund named as Mahindra Mutual Fund Dhan Sanchay Yojana, an open ended equity fund. The investment objective of the fund is to generate long-term capital appreciation and also income through investments in equity and equity related instruments, arbitrage opportunities and investments in debt and money market instruments. The fund would allocate 65% to 85% of assets in equity and equity related securities of which: invest 35%-50% in equity and equity related securities (unhedged) with high risk profile and invest 15%-35% in equities, equity related securities and derivatives including index futures, stock futures, index options and stock options etc. as part of hedged/arbitrage exposure with medium to high risk profile and invest 15%-35% in debt and money market securities with low to medium risk profile. Benchmark Index for the fund is 45% Nifty Index + 55% Crisil Composite Bond Fund Index. The fund managers are Rahul Pai and Ratish Varier.

UTI Long term Advantage Fund – Series V

Opens: December 22, 2016

Closes: March 29, 2017

UTI Mutual Fund has launched a new fund named as UTI Long Term Advantage Fund – Series V, a 10 year close-ended equity linked savings scheme. The investment objective of the fund is to generate capital appreciation over a period of ten years by investing predominantly in equity and equity related instruments of companies along with income tax benefit. The fund will allocate 80%-100% of assets in equities, cumulative convertible preference shares and fully convertible debentures and bonds of companies with high risk profile and invest upto 20% of assets in money market instruments with low to medium risk profile. The fund's performance will be benchmarked against S&P BSE 100 Index. The fund will be managed by Lalit Nambiar.

SBI Long term Advantage Fund – Series IV

Opens: December 30, 2016

Closes: March 29, 2017

SBI Mutual Fund has launched the SBI Long Term Advantage Fund-Series IV, a 10 year close ended ELSS scheme. The investment objective of the fund is to generate capital appreciation over a period of ten years by investing predominantly in equity and equity-related instruments of companies along with income tax benefit. The fund’s performance will be benchmarked against S&P BSE 500 Index and its fund manager is R. Srinivasan.

IDFC Dual Advantage Fund – Series 1 & 2, SBI Equity Opportunities Fund – Series VII to IX, Union Focused Largecap Fund, Union Capital Protection Oriented Fund – Series 7, ICICI Prudential Value Fund – Series 13 to 16, DSP Blackrock Nifty 50 ETF, and Sundaram Nifty 100 Equal Weight Fund are expected to be launched in the coming months.