NFONEST
February2019
NFOs of various hues adorn the February 2019 NFONEST.
SBI Debt Fund Series C 44
Opens: February 14, 2019
Closes: February 20,
2019
SBI
Mutual Fund has launched the SBI Debt Fund – Series C 44, a close ended capital
protection oriented scheme that matures 1175 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 and corporate
bonds and money market instruments maturing on or before the maturity of the
scheme. The scheme’s performance will be benchmarked against CRISIL Medium Term
Debt Index and its fund manager is Ms. Ranjana Gupta.
ICICI Prudential Retirement Fund
Opens: February 7, 2019
Closes: February 21, 2019
ICICI Prudential Mutual Fund has
launched ICICI Prudential Retirement Fund, an open ended solution oriented
scheme having a lock-in of 5 years or till retirement age (whichever is
earlier). The investment objective of the scheme is to provide capital
appreciation and income to the investors which will help to achieve retirement goals
by investing in a mix of securities comprising of equity, equity related
instruments, fixed income securities and other securities. Investment
objectives of the four investment plans under the scheme are as given below:
Pure
Equity Plan: To generate long-term capital
appreciation and income generation to investors from a portfolio that is
predominantly invested in equity and equity related securities (at least 80%).
Hybrid
Aggressive Plan: An open ended hybrid scheme
predominantly investing in equity and equity related securities to generate
capital appreciation. The scheme may also invest in debt; gold/gold ETF/units
of REITs & InvITs and such other asset classes as may be permitted from
time to time for income generation / wealth creation.
Hybrid
Conservative Plan: To generate regular income through
investments predominantly in debt and money market instruments (at least 70%).
The Scheme also seeks to generate long term capital appreciation from the
portion of equity investments under the Scheme (at least 5%).
Pure
Debt Plan: To generate income through
investing in a range of debt and money market instruments of various duration
while maintaining the optimum balance of yield, safety and liquidity.
The
benchmarks of the four investment plans of the ICICI Prudential Retirement Fund
are as follows:
Pure
Equity Plan: NIFTY 500 Index
Hybrid
Aggressive Plan: CRISIL Hybrid 35+65 - Aggressive
Index
Hybrid
Conservative Plan: NIFTY 50 Hybrid Composite Debt
15:85 Index
Pure
Debt Scheme: NIFTY Composite Debt Index
Mrinal Singh and Ashwin Jain will
manage the equity portion while Manish Banthia and Anuj Tagra will manage the
debt portion of the scheme. In addition, Priyanka Kandelwal will be looking
after the overseas investment for the fund.
IDBI Healthcare Fund
Opens: February 8, 2019
Closes: February 22, 2019
IDBI Mutual Fund has launched IDBI
Healthcare Fund, an open-ended sectoral equity scheme. The investment objective
of the scheme is to achieve capital appreciation by predominantly (minimum 80%
of the portfolio) investing in companies engaged in healthcare and allied
sectors. The scheme may invest up to 50% of net assets of scheme in equity
derivative instruments. Investment in derivatives shall be for hedging,
portfolio balancing and such other purposes as may be permitted from time to
time. The scheme will not invest in securitized debt/ ADRs/GDRs, foreign
securities. The scheme may also enter into repurchase (repo) agreement and
reverse repurchase agreement in government securities held by it as per the
guidelines and regulations applicable to such transactions. The scheme will not
invest in repo in corporate Debt Securities. Ms. Uma Venkatraman will manage
the scheme. S&P BSE Healthcare - Total Return Index (TRI) will be the
scheme’s benchmark.
Invesco India Equity Savings Fund
Opens: February 14, 2018
Closes: February 28,
2018
Invesco
Mutual Fund has launched the Invesco India Equity Savings Fund, a close ended
capital protection oriented scheme. The investment objective of the scheme is to
generate capital appreciation and income by investing in equity and equity
related instruments, arbitrage opportunities and fixed income instruments
(including debt, government securities and money market instruments). The
scheme’s performance will be benchmarked against NIFTY Equity Savings Index and
its fund managers are Mr. Taher Badshah, Mr. Amit Ganatra and Mr. Krishna
Cheemalapati.
BNP Paribas Dynamic Equity Fund
Opens: February 14, 2018
Closes: February 28,
2018
BNP Paribas Mutual Fund has launched a new
fund named as BNP Paribas Dynamic Equity Fund, an open ended Dynamic Asset
Allocation Fund. The primary investment objective of the scheme is to provide
capital appreciation by dynamically managing the portfolio of equity and equity
related instruments (including arbitrage exposure), and fixed income
instruments. The scheme would allocate 65%-100% of assets to equity and equity
related instruments including derivatives with high risk profile and upto 35%
of assets would be allocated to debt instruments & money market instruments
(including cash and money at call) with low to medium risk profile and invest
upto 10% of assets in units issued by REITs & InvITs with medium to high
risk profile. Benchmark Index for the scheme is CRISIL Hybrid 35+65 -
Aggressive Index. The fund managers of the scheme are Karthikraj Lakshmanan and
Abhijeet Dey (for equity portion) and Mayank Prakash (for debt portion).
SBI Capital Protection Oriented Fund – Series A (Plan 1)
Opens: February 18,
2019
Closes: February 28,
2019
SBI
Mutual Fund has launched the SBI Capital Protection Oriented Fund-Series A
(Plan 1), a close ended capital protection oriented scheme. The investment
objective of the scheme is to protect the capital by investing in high quality
fixed income securities that are maturing on or before the maturity of the scheme
as the primary objective and generate capital appreciation by investing in
equity and equity related instruments as a secondary objective. The scheme is
oriented towards protection of capital and not with guaranteed returns. The
scheme’s performance will be benchmarked against CRISIL Hybrid
85+15-Conservative Index and its fund managers are Rajeev Radhakrishnan and
Ruchit Mehta.
Reliance Junior BeES FoF
Opens: February 18, 2018
Closes: February 28,
2018
Reliance
Mutual Fund has launched the Reliance Junior BeES FoF, an open ended fund of
funds scheme. The investment objective of the scheme is to provide returns that
closely correspond to returns provided by Reliance ETF Junior BeES by investing
in units of Reliance ETF Junior BeES. The scheme
aims to provide returns that closely correspond to the returns of securities as
represented by the Nifty Next 50 Index, subject to tracking error. It will
invest at least 90% of its total assets in the stocks of its corresponding
underlying index. The scheme’s performance will be benchmarked against
Nifty Next 50 (TRI) Index and its fund manager is Mehul Dama.
Canara Robeco Capital Protection Oriented Fund – Series 10
Opens: February 15, 2018
Closes: March 1, 2018
SBI Mutual Fund
has launched Canara Robeco Capital Protection Oriented Fund – Series 10, a
closed end fund. The scheme seeks capital protection by investing in high
quality fixed income securities maturing on or before the maturity of the
scheme and seeking capital appreciation by investing in equity and equity
related instruments. The scheme will be benchmarked against CRISIL Hybrid 85+15
Conservative. The scheme will be managed by Mr. Cheenu Gupta and Ms. Suman
Prasad.
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