NFONEST

August 2021

Three NFOs of various hues are open at present and find a place in the August 2021 GEMGAZE.   

UTI Focused Equity Fund

Opens: August 4, 2021

Closes: August 18, 2021

UTI Mutual Fund launched UTI Focused Equity Fund, an open ended equity scheme investing in a maximum of 30 stocks across market caps. Focused investing is all about high-conviction and the fund house philosophy has two dimensions to generate portfolio alpha. The first is to hand-pick a select set of companies from the larger universe by relying on in-house score. Alpha investment philosophy aided by rich experience in research and fund management to separate the wheat from the chaff. Second is to build the portfolio by building significant positions in each company, which may accentuate the portfolio outcome. UTI Focused Equity Fund will pursue bottom-up approach in identifying stocks and will follow a blend strategy of investing in both growth and value stocks with a tilt towards growth stocks. The Fund endeavours to be optimally diversified investing across the sectors and market capitalization. The scheme will benchmark its performance to the Nifty 500 Index (TRI). The fund is managed by Mr. Sudhanshu Asthana and Mr. Kamal Gada (Fund Manager for making overseas investments).

SBI Balanced Advantage Fund

Opens: August 12, 2021

Closes: August 25, 2021

SBI Mutual Fund launched the SBI Balanced Advantage Fund, an open-ended dynamic asset allocation fund that seeks to generate long term capital appreciation by aiming to capture the potential upside and limit the downside in volatile equity markets. SBI Balanced Advantage Fund would manoeuvre across equity for long-term wealth creation and fixed income to provide stability to the overall scheme portfolio. The scheme would invest between 0 percent and up to a maximum of 100 percent investment in equity and equity related instruments. It will also invest minimum 0 percent and up to a maximum of 100 percent investment in debt securities (including securitised debt) and money market instruments (including Triparty Repo, Reverse Repo and equivalent) and 0 percent to 10 percent in units issued by REITs and InvITs (in line with SEBI limits prescribed from time to time). The fund will focus on achieving superior risk-adjusted returns, while being true to label, it will leverage the benefit of having the flexibility to arrive at an optimum asset allocation. SBI Balanced Advantage Fund would track CRISIL Hybrid 50+50 – Moderate Index TRI. The fund managers for SBI Balanced Advantage Fund are Mr. Dinesh Balachandran and Mr. Gaurav Mehta for equity portion, Mr. Dinesh Ahuja for debt portion, and Mr. Mohit Jain for managing overseas investments.

 

Canara Robeco Value Fund

Opens: August 13, 2021

Closes: August 27, 2021

Canara Robeco Asset Management Company Limited has launched their NFO, Canara Robeco Value Fund – an open-ended equity scheme that would follow a value investment strategy, to invest in businesses that are trading at a price less than their intrinsic values and are expected to realize their true worth in the future. The new scheme, Canara Robeco Value Fund, using the most suitable valuation technique, would identify and select undervalued businesses, based on various financial parameters as well as the valuation techniques for arriving at the company’s intrinsic value. Canara Robeco Value Fund would then construct portfolio keeping in mind opportunity size and risk limits defined for the portfolio. The portfolio construction process will be aided by various in-house quant models with the aim to invest in businesses that have the potential to do well due to robust fundamentals. Canara Robeco Value Fund would take significant exposure into equities and aim to generate long-term capital appreciation from a diversified portfolio in the Indian markets with higher focus on undervalued companies. Canara Robeco Value Fund would invest in those undervalued stocks that provide reasonable margin of safety, helping minimize the downside risk. Mr. Vishal Mishra, Fund Manager – Equities, would be managing the new scheme Canara Robeco Value Fund. S&P BSE 500 TRI would be the benchmark for Canara Robeco Value Fund.

 

Aditya Birla Sun Life Nifty SDL Plus PSU Bond Sep 2026 Index, Union Retirement Fund, Mirae Asset Hang Seng ETF, HSBC Mid Cap Equity Fund, Nippon India Innovation and Technology Edge Fund, Axis Small Cap 50 Index Fund, Kotak MNC ETF Fund of Fund, Kotak Midcap 50 ETF Fund of Fund, Kotak Consumption ETF Fund of Fund, Nippon India Nifty Alpha Low Volatility 30 Index Fund, Union Money Market Fund, Navi Nifty Next 50 Index Fund, Navi Nifty Midcap 150 Index Fund and Navi Nifty Small Cap 250 Index Fund are expected to be launched in the coming months.