Monday, February 17, 2020


NFONEST
February 2020

NFOs of various hues adorn the February 2020 NFONEST.
IDFC Emerging Businesses Fund
Opens: February 3, 2020
Closes: February 17, 2020
IDFC Mutual Fund has launched IDFC Emerging Businesses Fund. It is an open ended equity scheme predominantly investing in small cap stocks. The investment objective of the scheme is to generate long term capital appreciation by investing predominantly in equities and equity linked securities of small cap segment. The performance of the fund will be benchmarked against S&P BSE 250 SmallCap TRI (Total Return Index). The fund will be managed by Mr Anoop Bhaskar and Mr Viraj Kulkarni.

ICICI Prudential India Equity Fund of Fund
Opens: February 5, 2020
Closes: February 19, 2020
ICICI Prudential India Equity Fund of Fund is an open-ended fund of funds scheme investing in units of equity oriented schemes. The primary objective of the scheme is to generate returns by predominantly investing in one or more mutual fund schemes/ETFs (managed by ICICI Prudential Mutual Fund or any other Mutual Fund(s)) which invest in equity and equity related securities. The fund is benchmarked against S&P BSE 500 TRI. The fund manager is Mr. Dharmesh Kakkad.

Edelweiss US Technology Equity Fund of Fund
Opens: February 14, 2020
Closes: February 28, 2020
Edelweiss US Technology Equity Fund of Fund is an open ended fund of fund scheme investing in JPMorgan Funds – US Technology Fund. The primary investment objective of the scheme is to seek to provide long term capital growth by investing predominantly in JPMorgan Funds – US Technology Fund, an equity fund which invests primarily in US technology companies with strong fundamentals. The fund aims to provide access to emerging technologies, which are in early stages of adoption based in US. This is the first time that Indian investors will be able to take exposure to these emerging technologies across different sectors. The underlying fund, JP Morgan US Technology Fund is an actively managed fund with more than 20 year track record. It invests in technologies which are in early stages of adoption and are growing at a fast pace compared to technologies that have matured and are in their growth cycle. The fund is benchmarked against the Russel 1000 Equal Weighted Technology Index. The Fund Managers are Mr. Bhavesh Jain and Mr. Hardik Varma.

Sundaram Balanced Advantage Fund
Opens: February 14, 2020
Closes: February 28, 2020
Sundaram Mutual Fund has launched Sundaram Balanced Advantage Fund. It is an open ended dynamic asset allocation fund. The investment objective of the scheme is to provide accrual income and capital appreciation by investing in a mix of equity, debt, REITs/ InvITs and equity derivatives that are managed dynamically. The performance of the fund will be benchmarked against CRISIL Hybrid 50%+50% Moderate Index. The fund will be managed by Mr S Bharath, Mr S Krishnakumar and Mr Dwijendra Srivastava.

Tata Multi Asset Opportunities Fund
Opens: February 14, 2020
Closes: February 28, 2020
Tata Mutual Fund has launched Tata Multi Asset Opportunities Fund. It is an open ended scheme investing in equity, debt and exchange traded commodity derivatives. The investment objective of the scheme is to generate long term capital appreciation. The performance of the fund will be benchmarked against Composite Benchmark of 65% S&P BSE 200 + 15% CRISIL Short Term Bond Fund Index + 20% iCOMDEX Composite Index. The fund will be managed by Mr Rahul Singh, Mr Sailesh Jain, Mr Murthy Nagarajan and Mr Aurobinda Prasad Gayan.

 
IDFC Floating Rate Fund, Union Hybrid Equity Fund, BNP Paribas Global Innovative Technology Fund, HSBC Money Market Fund, Aditya Birla Sunlife ESG Fund, Aditya Birla Sunlife Nifty Smallcap 50 Index Fund and Aditya Birla Sunlife Nifty Midcap 150 Index Fund   are expected to be launched in the coming months.


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