NFO NEST

March 2017

NFOs of various hues adorn the March 2017 NFONEST.

DHFL Pramerica Dual Advantage Fund – Series 1

Opens: March 6, 2017

Closes: March 20, 2017

DHFL Pramerica Mutual Fund has launched a new fund named as DHFL Pramerica Dual Advantage Fund - Series 1, a close ended debt Fund. The tenure of the fund is 51 months from the date of allotment. The objective of the fund is to generate income by investing in fixed income securities maturing on or before the date of the maturity of the fund and to generate capital appreciation by investing in equity and equity related instruments. The fund will invest 65%-95% of its assets in debt and debt related instruments, 0% - 10% of assets in money market instruments and 5%-25% of assets in equity and equity related instruments including derivatives. Benchmark Index for the fund is CRISIL MIP Blended Fund Index. The fund managers are Mr. Rakesh Suri and Mr. Alok Agarwal.

HDFC Charity Fund for Cancer Cure

Opens: March 10, 2017

Closes: March 24, 2017

HDFC Mutual Fund has launched a new fund named as HDFC Charity Fund for Cancer Cure, a close ended fund with a maturity of 1136 days from the date of allotment. The fund has two plans – Arbitrage Plan and Debt Plan. The investment objective of the Arbitrage Plan is to generate income through arbitrage opportunities between cash and derivative market and through investments in debt and money market instruments and that of the Debt Plan is to generate income through investments in Debt/Money Market Instruments and Government Securities maturing on or before the maturity date of the Plan. The Arbitrage Plan is benchmarked against the Nifty 50 Arbitrage Index and the Debt Plan is benchmarked against CRISIL Short Term Bond Fund Index. The fund managers are Mr. Krishan Kumar Daga, Mr. Anil Bamboli and Mr. Rakesh Vyas.

ICICI Prudential Capital Protection Oriented Fund – Series XI Plan E

Opens: March 15, 2017

Closes: March 27, 2017

ICICI Prudential Mutual Fund has launched a new fund named as ICICI Prudential Capital Protection oriented Fund – Series XI Plan E, a close ended fund with a maturity of 1222 days from the date of allotment. 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 to provide capital appreciation by investing the balance in equity and equity related securities. The debt securities would mature on or before the maturity of the fund. The fund is benchmarked against CRISIL Composite Bond Fund Index (85%) and Nifty 50 Index (15%). The fund is managed by Mr. Vinay Sharma (Equity portion), jointly by Mr. Rahul Goswami and Ms. Chandni Gupta (Debt Portion) and Mr. Ihab Dalwai (ADR/GDR and other foreign securities).

BNP Paribas Balanced Fund

Opens: March 17, 2017

Closes: March 31, 2017

BNP Paribas Mutual Fund has launched a new fund named as BNP Paribas Balanced Fund, an open ended balanced fund. The fund seeks to generate income and capital appreciation by investing in diversified portfolio of equity and equity related instruments and fixed income instruments. The fund would allocate 30%-60% of assets in equity and equity related instruments, invest 5%-10% of assets in Net Equity Arbitrage Exposure with medium to high risk profile and invest 30%-60% of assets in debt and money market instruments and/or units of liquid fund with low risk profile. The performance of the fund will be benchmarked against CRISIL Balanced Fund Index. The fund managers are Karthickraj Lakshmanan (Equity Portfolio) and Mayank Prakash (Fixed Income Portfolio).

UTI Nifty Next 50 Exchange Traded Fund, Sundaram Capital Protection Oriented Fund 3.5 Yrs Series (17-18), Reliance CPSE ETF FFO 2 and SBI Dual Advantage Fund Series XXII – XXIV are expected to be launched in the coming months.