NFONEST

April 2021

Three NFOs, one liquid fund and two fund of funds are open at present and find a place in the April 2021 GEMGAZE.   

Trust Liquid Fund

Opens: April 8, 2021

Closes: April 22, 2021

Trust Mutual Fund has launched a Trust Liquid Fund, an open-ended liquid fund predominantly investing in debt and money market instruments. The objective of the scheme is to provide reasonable returns at a high level of safety and liquidity through investments in high quality debt and money market instruments. The fund will follow a structured investment approach backed by ‘Limited ACTIV’ methodology, with the objective of delivering consistent risk-adjusted returns. The robust methodology has been developed in collaboration with CRISIL. The scheme’s performance will be benchmarked against CRISIL Liquid Fund Index. It will be managed by Mr Anand Nevatia.

BNP Paribas Funds Aqua Fund of Funds

Opens: April 16, 2021

Closes: April 30, 2021

BNP Paribas Mutual Funds has launched its new fund offer – BNP Paribas Funds Aqua Fund of Funds, an open ended mutual fund of funds scheme. The primary investment objective of the scheme is to seek capital appreciation by investing predominantly in units of BNP Paribas Funds Aqua (Lux). The scheme’s performance will be benchmarked against MSCI World Index Total Return Index. It will be managed by Mr. Abhijeet Dey and Mr. Karthikraj Lakshmanan.

HDFC Asset Allocator Fund of Funds

Opens: April 16, 2021

Closes: April 30, 2021

HDFC Asset Allocator Fund of Funds is an open ended Fund of Funds scheme with the investment objective of investing in equity oriented, debt oriented and gold ETF schemes. The fund is benchmarked against – 90% NIFTY 50 Hybrid Composite Debt 65:35 Index (Total Returns Index) and 10% Domestic Prices of Gold arrived at based on London Bullion Market Association's (LBMA) AM fixing price. The fund managers are Mr. Amit Ganatra, Mr. Anil Bamboli and Mr. Krishan Kumar Daga.

Invesco India Medium Duration Fund, ICICI Prudential FMCG ETF, ICICI Prudential Consumption ETF, Kotak Nifty 50 Index Fund, DSP Nifty 50 ETF, UTI Multi Cap Fund, ICICI Prudential Small Cap Index Fund, ICICI Prudential NASDAQ 100 Index Fund and ICICI Prudential EDGE FOF are expected to be launched in the coming months.