NFONEST

December 2017

NFOs of various hues adorn the December 2017 NFONEST.

Union Prudence Fund

Opens: December 7, 2017

Closes: December 21, 2017

Union Mutual Fund has launched the Union Prudence Fund, an open-ended dynamic asset allocation fund. The investment objective of the fund is to achieve long term capital appreciation and generate income through an equity portfolio by using long equities, equity derivatives and arbitrage opportunities available. The fund is suitable for investors who are seeking long term capital appreciation by investing predominantly in a portfolio of equity and equity linked securities and the rest in debt and money market instruments. The scheme will invest at least 65% in equities and the rest in debt and money market instruments. The scheme will also cap its maximum exposure to equity derivatives at 45%. The fund is benchmarked against the Crisil Balanced Fund – Aggressive Index. The Fund Managers are Mr. Ashish Ranawade and Mr. Parijat Agrawal.

IDFC Equity Opportunity – Series 4

Opens: December 11, 2017

Closes: December 22, 2017

IDFC Mutual Fund has launched the IDFC Equity Opportunity – Series 4, a close-ended multi cap scheme that matures in 1102 days. The scheme seeks to generate capital appreciation from a portfolio that is invested in equity and equity related securities of Indian and foreign companies. The fund is benchmarked against the S&P BSE 500. The Fund Managers are Mr. Rajendra Kumar Mishra and Mr. Viraj Kulkarni.

ICICI Prudential Value Fund – Series 19

Opens: December 21, 2017

Closes: January 4, 2018

ICICI Prudential Mutual Fund has launched the ICICI Prudential Value Fund – Series 19, a close-ended equity fund that matures in 1262 days. The fund will primarily invest in sectors benefiting from government reforms and likely to do well in 3.5 years investment horizon. The fund will follow bottom-up approach while selecting the stocks in each sector, and will reduce the equity exposure at market peaks. The fund can invest 80-100% in equity and 0-20% in debt instruments depending upon market scenario. Moreover, to limit the downside risk of the portfolio, the fund can invest in derivatives up to 50% of the net asset of the scheme. The fund is benchmarked against the S&P BSE 500. The Fund Managers are Mr. Sankaran Naren and Mr. Vinay Sharma.

Sundaram Long Term Tax Advantage Fund Series III-IV, Edelweiss Maiden Opportunities Fund - Series 1 and 2, HDFC Quality ETF, Mahindra Prudence Bachat Yojana and Sundaram Emerging Small Cap Series 1 are expected to be launched in the coming months.