NFO NEST
November 2011

Of Centuries and Millenia…

IDBI Gold Exchange Traded Fund, the NFO launched by IDBI Asset Management, has collected over Rs 110 crore, predominantly from around 11,000 retail investors, including HNIs. Indiabulls Mutual Fund has garnered Rs 1,107 crore through its maiden liquid fund, which was open for subscription for just one day. This is the first instance in this calendar year that any mutual fund has mobilised more than Rs 1,000 crore in a single working day.

Axis Capital Protection Oriented Fund – Series 1 (3 years)
Opens: November 8, 2011
Closes: November 22, 2011

Axis capital protection oriented fund – Series 1 (3 years) will endeavor to protect the capital by investing in a portfolio of debt and money market instruments that are maturing on or before the maturity of the fund. The fund also aims to provide capital appreciation through exposure in equity and equity related instruments. The fund shall invest 80-100% in debt and money market instruments including derivative instrument up to 75% of the net assets of the fund. The fund shall also invest up to 20% in equity and equity related instruments. The fund may also use fixed income derivative instruments subject to the guidelines as maybe issued by SEBI and RBI and for such purposes as maybe permitted from time to time. The fund shall not make any investments in securitized debt and unrated debt securities. The fund is benchmarked against the Crisil MIP Blended Index. The fund managers of the fund are R. Sivakumar and Sudhanshu Asthana.

Templeton India Corporate Bond Opportunities Fund
Opens: November 15, 2011
Closes: November 29, 2011

Franklin Templeton Investments has launched Templeton India Corporate Bond Opportunities Fund in order to help investors take advantage of the current high yields and to build a strong presence in pure fixed income space. Templeton India Corporate Bond Opportunities Fund will primarily invest in medium and short-term securities issued by corporates. It will focus on corporate bonds with moderate maturity and relatively higher accruals. Its average maturity will never exceed three years. The fund also aims at allowing capitalisation on opportunities by active interplay on credit, liquidity, and interest rate opportunities. The corporate bond market provides good opportunities in India for multiple reasons, including a fast growing economy, strong corporate balance sheets, and expected increase in issuances. However, when compared to other similar markets, the corporate bond market in India is still at a nascent stage and is growing. Mr. Umesh Sharma and Mr. Sachin Padwal Desai will manage the fund together. The fund is benchmarked against Crisil Short Term Bond Fund Index.

Religare Gold Fund
Opens: November 15, 2011
Closes: November 29, 2011

Religare Mutual Fund has launched a new fund namely, Religare Gold Fund an open ended fund of fund. The investment objective of the fund is to provide returns, which closely correspond to returns provided by Religare Gold Exchange Traded Fund. The asset allocation is up to 95% in gold and balance 5% in debt and money market instruments. This fund is well suited for people who do not have a demat account but want to invest in gold. Besides acting as a hedge against inflation, Religare Gold Fund provides easy liquidity, less charges compared with gold jewelry and coins, no worry about gold theft and offers SIP facility. The performance of the fund will be benchmarked against the prices of gold and will be managed by Mr Nitish Sikand.

Sundaram Capital Protection Oriented Fund – Series 4 (5 years)
Opens: November 18, 2011
Closes: November 30, 2011

Sundaram Capital Protection Oriented Fund-Series 4 - 5 yrs, is a close-ended capital protection oriented scheme. The objective of this fund would be to seek income and minimise risk of capital loss by investing in a portfolio of fixed income securities. The scheme may invest a part of the assets (0 to 30%) in equity to seek capital appreciation. The fund manager of the equity portion of the fund is Srividhya Rajesh and that of the debt portion is Dwijendra Srivastava. The fund is benchmarked against the Crisil MIP Blended Index.

Union KBC Tax Saver Scheme
Opens: November 8, 2011
Closes: December 9, 2011

Union KBC Mutual Fund has launched a new fund named as Union KBC Tax Saver Scheme, an open ended Equity Linked Savings Scheme with lock in period of 3 Years. The investment objective of the scheme is to achieve long-term capital appreciation by investing substantially in a portfolio consisting of equity and equity related securities. The scheme will allocate between 80-100% in equities and up to 20% in debt. The fund manager will follow a combination of bottom up and top down approach in his investment strategy. The performance of the scheme will be benchmarked against BSE 100 Index and will be managed by Mr. Ashish Ranawade.

Sundaram Capital Protection Oriented Fund 2 Years (Series 6-7), Sundaram Capital Protection Oriented Fund 5 Years (Series 5-6,) Sundaram Capital Protection Oriented Fund 3 Years (Series 9-10) and BNP Paribas Gold and Income Fund are expected to be launched in the coming months.