NFONEST

April 2018

New Fund Offers of various hues adorn the April 2018 NFONEST.

Sundaram Long-term Tax Advantage Fund – Series IV

Opens: March 27, 2018

Closes: June 27, 2018

Sundaram Mutual Fund has launched Sundaram Long-term Tax Advantage Fund – Series IV. 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 is benchmarked against the S&P BSE 500 Index. The Fund Manager is Mr. S. Krishna Kumar.

UTI Capital Protection oriented Fund – Series X-II

Opens: April 2, 2018

Closes: April 16, 2018

UTI Mutual Fund has launched UTI Capital Protection Oriented Fund – Series X–II (1134 days). The investment objective of the fund is to endeavour to protect the capital by investing in high quality fixed income securities as the primary objective and generate capital appreciation by investing in equity and equity related instruments as secondary objective. The fund is 'oriented towards protection of capital' and not 'with guaranteed returns'. Further, the orientation towards protection of the capital originates from the portfolio structure of the scheme and not from any bank guarantee, insurance cover etc. The fund is benchmarked against the CRISIL Hybrid 85+15 Conservative Index. The Fund Manager is Mr. Sunil Patel.

Essel Equity Hybrid Fund

Opens: April 9, 2018

Closes: April 23, 2018

Essel Mutual Fund has launched Essel Equity Hybrid Fund, an open ended fund. The investment objective of the scheme is to provide periodic returns and capital appreciation over a long period of time, investing predominantly in equity and equity related instruments. The fund is benchmarked against the CRISIL Hybrid 35+65 Aggressive Index. The Fund Manager is Mr. Viral Berawala and Killol P Pandya.

SBI Long Term Advantage Fund Series VI

Opens: April 11, 2018

Closes: July 10, 2018

SBI Mutual Fund has launched SBI Long Term Advantage Fund Series VI, a 10 year closed ended ELSS fund. The investment objective of the scheme 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 is benchmarked against the S&P BSE 500 Index. The Fund Manager is Mr. Anup Upadhyay.

ICICI Prudential Bharat Consumption Fund - Series 2

Opens: April 12, 2018

Closes: April 26, 2018

ICICI Prudential Mutual Fund has launched ICICI Prudential Bharat Consumption Fund - Series 2 is a closed ended equity scheme following the consumption theme. The investment objective of the scheme is to provide capital appreciation by investing predominantly in equity and equity related instruments of sectors that could benefit from growth in consumption and related activities. The fund is benchmarked against the Nifty India Consumption Index. The Fund Managers are Mr. Mrinal Singh and Ms. Priyanka Khandelwal for ADR/GDR and other foreign securities.

IIFL Capital Enhancer Fund - Series 1

Opens: April 23, 2018

Closes: May 4, 2018

IIFL Mutual Fund has launched IIFL Capital Enhancer Fund - Series 1, an annual interval scheme maturing 1300 days from the date of allotment. The investment objective of the fund is to achieve long term capital appreciation by investing in equity and equity related securities with strategy of hedging the portfolio with Nifty 50 put option and other equity derivatives. The fund is benchmarked against the CRISIL Balance Fund – Aggressive Index. The Fund Manager is Mr. Prashasta Seth.

Kotak India Growth Fund Series 7, BOI AXA Arbitrage Fund, Union Trigger Fund – Series 3, Mirae Asset Equity Savings Fund, ICICI Prudential Bharat 22 FOF, Baroda Pioneer Ultra Short Duration Fund, HDFC Equity Opportunities Fund – Series 4, Union Corporate Bond Fund, ICICI Prudential Bharat Consumption Fund – Series 4 to 6, Reliance Nivesh Lakshya Fund, Tata Value Fund Series 1 & 2 and UTI Corporate Bond Fund are expected to be launched in the coming months.