NFONEST

March 2018

Though a few ELSS funds launched in December 2017 are still open, a lone Equity NFO from Sundaram Mutual Fund finds a place in the March 2018 NFONEST since the ELSS funds have been discussed in the previous NFONESTS and Reliance Mutual Fund has decided to withdraw the running NFO named Reliance Capital Builder Fund IV Series E.

Sundaram Emerging Small Cap Fund – Series II

Opens: March 19, 2018

Closes: April 2, 2018

Sundaram Mutual Fund has launched Sundaram Small Cap Fund – Series II. The investment objective  of the fund is to seek capital appreciation by investing predominantly (at least 65%) in equity/equity-related instruments of companies that can be termed as Small Caps. Small Cap Stocks are defined as 251st company onwards in terms of full market capitalization. Various studies have shown that small caps can deliver higher returns than large caps over the long term. However, the risk associated with them is also correspondingly higher. There is also a lack of liquidity in these companies and this is where a closed-ended structure helps. A fund manager does not have to worry about a spurt of sudden outflows. The fund is benchmarked against the S&P BSE 250 Small Cap Index. The Fund Managers are Mr. S. Krishna Kumar and Dwijendra Srivastava.

IDFC Equity Opportunities Fund – Series 6 and 7, India Bulls Prudence Fund, Axis Ultra Short Term Fund, Shriram Multicap Fund, Mirae Asset Healthcare Fund,  Canara Robeco Capital Protection Oriented Fund – Series 10, Canara Robeco Dual Advantage Fund – Series 10, SBI Debt Fund Series C - 15 to 20,  DHFL Pramerica Money Market Fund, Reliance India Opportunities Fund – Series A to E, UTI Equity Savings Fund, Tata Multicap Fund, Tata Credit Risk Fund, Kotak Capital Protection Oriented Fund – Series 5 and 6, DHFL Pramerica Focused Equity Fund and IDFC Dual Advantage Fund Series 3 and 4  are expected to be launched in the coming months.