NFONEST
November 2018
Tata Mutual Fund along with CAMS has
introduced '1 Click' digital NFO subscription to help KYC-compliant clients
subscribe to NFOs in just a few clicks. This facility aims to bring ease,
convenience and speed of investing for new and existing clients. This facility
is launched for Tata Small Cap NFO, where an existing or new investor can
subscribe to the NFO in just 4 clicks – with nearly no data input. Investors
can skip the entire process of log-in and form filing. This is an industry
first digital initiative to make investing in NFOs completely hassle-free for
existing and new investors and TATA Mutual Fund has been an early adopter to
implement digiNFO solution.
NFOs of various hues adorn the November 2018
NFONEST.
SBI Debt Fund Series C 29
Opens: November 14, 2018
Closes: November 19,
2018
SBI Debt Fund – Series C29 is a
close-ended debt scheme that matures 366 days from the date of allotment. The
scheme endeavours to provide regular income and capital growth with limited
interest rate risk 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 scheme. The fund is benchmarked against the CRISIL Short Term Bond Fund
Index. The fund is managed by Ms. Ranjana Gupta.
ICICI Prudential Bharat Consumption Fund – Series 5
Opens: November 7, 2018
Closes: November 21,
2018
ICICI Prudential
Bharat Consumption Fund – Series 5 is a close-ended equity scheme with a
maturity of 1100 days. This close-ended scheme is a thematic one, focusing on
consumption and will mainly invest in the stocks of consumption related
companies. The scheme may also take exposure of up to 50% to derivative
instruments, American depositary
receipts (ADRs), Global Depositary Receipts (GDRs), overseas ETFs or foreign
securities. Additionally, the scheme may also invest in securitized debt and
stock lending, but will not be engaged in short selling and credit default
swaps, among others. The scheme will invest in sectors such as consumer
non-durables (dairy products, bakery), consumer electricals, pharmaceuticals,
paint, among others. ICICI Prudential Bharat
Consumption Fund – Series 5 will use the Nifty India Consumption Index as a
benchmark. ICICI Prudential Bharat Consumption Fund – Series 5 will be jointly managed by ICICI
Prudential AMC’s co-head of equities, Sankaran Naren, Roshan Chutkey and
Priyanka Khandelwal.
Motilal Oswal Nasdaq 100
FOF
Opens: November 9, 2018
Closes: November 22,
2018
Motilal Oswal AMC has launched a new fund of fund named
Motilal Oswal Nasdaq 100 FOF. The FOF or Fund of Funds will invest in Motilal
Oswal NASDAQ 100 ETF. The Nasdaq 100
predominantly constitutes the big tech players from the USA like, Facebook,
Google, Netflix etc. This makes it a very technology sector specific index.
Moreover, the valuations of this index are very expensive. This makes it less
attractive for Indian retail investors. Retail
investors cannot invest in ETFs because of the high ticket size. The Motilal
Oswal Nasdaq 100 Fund allows a minimum application amount of Rs 500. The FoFs are a convenient way of
investing in ETFs but they are taxed as debt funds, which is where they lag the
feeder funds. The fund is benchmarked against the NASDAQ 100 Index. The fund is managed by Ashish
Agrawal and Abhiroop Mukherjee.
DSP Healthcare Fund
Opens: November 12, 2018
Closes: November 26,
2018
DSP Mutual Fund
has launched DSP Healthcare Fund, an open ended scheme investing in the
healthcare and pharma sector. Investment up to 25% could also be in
international healthcare stocks, especially in large US companies, giving
investors access to international diversification. The fund aims to benefit
from three major growth drivers in India – growing demand, export opportunities
and a conducive policy environment. The benchmark for the fund would be the
S&P BSE Healthcare Index. Aditya Khemka, Vinit Sambre and Jay Kothari will
co-manage the fund.
Union Value Discovery Fund
Opens: November 14, 2018
Closes: November 28,
2018
Union Mutual Fund has launched Union
Value Discovery Fund, an open ended equity scheme following a value investment
strategy. Union Value Discovery Fund would predominantly invest in stocks that
are categorised as bargain stocks and are temporarily out of favour. The multi
cap portfolio would follow bottom up selection to pick up stocks. The scheme
will invest between 65% and 100% of assets in stocks of value companies. Value
stocks are the ones that investors deem as potentially undervalued or trading
below their intrinsic value. Investments in debt and money market instruments
are capped at 35%. The Union Value Discovery Fund will utilise the S&P BSE
200 Index as its benchmark. The scheme will be benchmarked with the Total
Returns of the Index (TRI).The fund will be managed by Vinay Paharia.
ICICI Prudential Capital Protection Oriented Fund
– Series XIV – Plan A
Opens: November 16, 2018
Closes: November 29,
2018
ICICI
Prudential Mutual Fund has launched a new fund named as ICICI Prudential
Capital Protection Oriented Fund - Series XIV - Plan A, a close ended capital
protection oriented scheme. The tenure of the scheme is 1275 days from the date
of allotment. The investment objective of the scheme 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 scheme. The scheme
will invest 100% - 65% of its assets in debt securities & money market
instruments with low to medium risk profile and invest upto 35% of assets in
equity & equity related securities with medium to high risk profile. Benchmark
Index for the scheme is CRISIL Composite Bond Fund Index (85%) and Nifty 50
Index (15%). The fund managers are Rajat Chandak (Equity Portion), Rahul
Goswami jointly with Chandni Gupta (Debt Portion) and Priyanka Khandelwal, the
dedicated fund manager for managing overseas investments of the Fund.
Indiabulls Dynamic Bond Fund
Opens: November 16, 2018
Closes: November 30,
2018
Sundaram Equity Savings Fund
Opens: November 16, 2018
Closes: November 30,
2018
Sundaram Mutual
Fund has launched Sundaram Equity Savings Fund, an open-ended scheme that aims
to invest in equity, arbitrage and debt. The equity exposure will tilt in
favour of large caps. The arbitrage investment will primarily be through
cash futures arbitrage on individual stocks while the fixed income investments
will be made in high credit quality fixed income instruments. This is an
offering which moderates the riskiness of pure equity with the safety of
arbitrage and fixed income thus offering a wholesome blend of risk and reward
while maintaining equity taxation. Sundaram Equity Savings Fund would follow a
three-pronged investment strategy by choosing to invest in equity for capital
appreciation, taking hedging or arbitrage investment calls, primarily cash
futures arbitrage on individual stocks to enhance income. It will also invest
in high credit quality fixed income instruments for consistent income
generation. The fund will be managed by Krishna Kumar, CIO-Equity, S.Bharath,
Fund Manager–Equity and Dwijendra Srivastava, CIO- Fixed Income. The
performance of the scheme will be benchmarked to the Nifty Equity Savings
Index.
SBI Debt Fund Series C – 31 to
34, DSP Nifty Next 50 Index Fund, DSP Nifty 50 Index Fund, ICICI Prudential
Overnight Fund, ICICI Prudential Interval Fund – Series IX, Essel Balanced
Advantage Fund, Reliance Mutual Fund – CPSE ETF FFO 3, Shriram Long Term Equity
Fund, YES Liquid Fund, YES Ultra Short Term Fund, Tata Ultra Short Term Fund
and Motilal Oswal Liquid Fund are expected to be launched in the coming months.
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