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.
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