NFO NEST

February 2017

With mutual funds gaining traction among retail investors, asset management companies such as ICICI Prudential Mutual Fund, Reliance Mutual Fund, DSP BlackRock Mutual Fund, SBI Mutual Fund, HDFC Mutual Fund, and IDFC Mutual Fund have filed draft offer documents with market regulator SEBI for as many as 10 new schemes this month. Equity, debt, and fixed maturity plans (FMPs) are some of the themes for which the mutual fund houses have filed the applications. Last year, close to 106 draft papers were filed with the capital market watchdog.

Debt fund NFOs adorn the February 2017 NFONEST.

SBI Debt Fund Series B - 46

Opens: February 21, 2017

Closes: February 22, 2017

SBI Mutual Fund has unveiled a new fund named as SBI Debt Fund Series B - 46, a close ended debt fund. The tenure of the fund is 1155 days from the date of allotment. The investment objective of the fund is to provide regular income, liquidity, and returns to the investors through investments in a portfolio comprising of debt instruments such as Government Securities, PSU & Corporate Bonds, and Money Market Instruments maturing on or before the maturity of the fund. The fund will invest 70%-100% of assets in debt and invest upto 30% of assets in money market securities with low to medium risk profile. Exposure to domestic securitized debt may be to the extent of 40% of the net assets. Benchmark Index for the fund is CRISIL Composite Bond Fund Index. The fund manager is Rajeev Radhakrishnan.

ICICI Prudential Capital Protection Oriented Fund – Series XI – Plan C

Opens: February 10, 2017

Closes: February 23, 2017

ICICI Prudential Mutual Fund has launched a new fund named as ICICI Prudential Capital Protection Oriented Fund - Series XI - Plan C, a close ended capital protection oriented fund. The tenure of the fund is 1255 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 securities would mature on or before the maturity of the plan under the fund. The fund would allocate 65%-100% of assets in debt securities & money market instruments with low to medium risk profile and invest upto 35% of assets in equity and equity related securities with medium to high risk profile. The performance of the fund will be benchmarked against Crisil Composite Bond Fund Index (85%) and Nifty 50 (15%) Index. The fund managers are Vinay Sharma, Chandni Gupta, Rahul Goswami, and Ihab Dalwai (for investments in ADR / GDR and other foreign securities).

IDFC Credit Opportunities Fund

Opens: February 14, 2017 

 Closes: February 27, 2017

IDFC Mutual Fund has launched a new fund named as IDFC Credit Opportunities Fund, an open ended income fund. The investment objective of the fund is to generate returns by predominantly investing in a portfolio of corporate debt securities across the credit spectrum within the investment grade. The fund will allocate upto 100% of assets in debt securities (including G-Sec) across maturities & ratings with medium to high risk profile and money market instruments with low to medium risk profile. The performance of the fund will be benchmarked against AA Medium Term Bond Index (80%) + AAA Short Term Bond Index (20%). The fund manager is Arvind Subramanian.

ICICI Prudential Capital Protection Oriented Fund – Series XI – Plan D

Opens: February 17, 2017

Closes: March 3, 2017

ICICI Prudential Mutual Fund has launched a new fund named as ICICI Prudential Capital Protection Oriented Fund - Series XI - Plan D, a close ended capital protection oriented fund. The tenure of the fund is 1247 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 securities would mature on or before the maturity of the plan under the fund. The fund would allocate 65%-100% of assets in debt securities & money market instruments with low to medium risk profile and invest upto 35% of assets in equity and equity related securities with medium to high risk profile. The performance of the fund will be benchmarked against Crisil Composite Bond Fund Index (85%) and Nifty 50 (15%) Index. The fund managers are Vinay Sharma, Chandni Gupta, Rahul Goswami, and Ihab Dalwai (for investments in ADR / GDR and other foreign securities).

SBI Equity Opportunities Fund – Series VII to IX, ICICI Prudential Value Fund – Series 13 to 16, Union Capital Protection Oriented Fund – Series 7, Union Focused Largecap Fund, DSP BlackRock Nifty 50 ETF, ICICI Prudential Multiple Yield Fund – Series 13, Sundaram Long Term Micro Cap Tax Advantage – Series V–VI, Sundaram Hybrid Fund Series U-V, IDBI Small Cap Fund, SBI Twin Opportunities Fund – Series I, and Sundaram Select Micro Cap Series XIV-XV are expected to be launched in the coming months.