NFO NEST
April 2015
Variety is the spice of life
NFOs of various hues have
hit the market in April 2015. Equity funds, debt funds, hybrid funds, Capital
Protection Funds, and so on and so forth. It could soon rain Exchange Traded Funds
(ETFs) in the market as different fund houses line up innovative variants to
this instrument that is gaining popularity in the country.
DSP BlackRock Dual Advantage Fund – Series 37 – 36M
Opens: April 06,
2015
Closes: April 20, 2015
DSP BlackRock Mutual Fund has
launched a new fund named as DSP BlackRock Dual Advantage Fund - Series 37 -
36M, a close ended income fund. The primary investment objective of the fund is
to generate returns and seek capital appreciation by investing in a portfolio
of debt and money market securities. The fund also seeks to invest a portion of
the portfolio in equity and equity related securities to achieve capital
appreciation. As far as investments in debt and money market securities are
concerned, the fund will invest only in securities which mature on or before
the date of maturity of the fund. The fund will invest 50-95% in debt
securities, up to 15% in money market securities with low to medium risk
profile and 5-35% in equity and equity related securities with high risk
profile. Benchmark Index for the fund will be CRISIL MIP Blended Index. The fund
will be managed by Dhawal Dalal and Vinit Sambre.
ICICI Prudential Capital Protection Oriented Fund VIII – 1103 Days Plan B
Opens: April 06,
2015
Closes: April 20, 2015
ICICI Prudential Mutual Fund has
launched a new fund named as ICICI Prudential Capital Protection Oriented Fund
VIII - 1103 Days Plan B, a close ended capital protection oriented fund. The
tenure of the fund is 1300 days. The investment objective of the fund is to
seek to protect capital by investing a portion of the portfolio in highest
rated debt securities and money market instruments and also provide capital
appreciation by investing the balance in equity and equity related securities.
The securities would mature on or before the maturity of the plan under the fund.
The fund will allocate 70%-100% of assets in debt securities and money market
instruments with low to medium risk profile and invest up to 30% of assets in
equity and equity related securities with medium to high risk profile. Benchmark
Index for the fund is CRISIL MIP Blended Index. The fund managers are Vinay Sharma
(equity portion), Chandni Gupta and Rahul Goswami (debt portion) and Shalya
Shah (for investments in ADR/GDR and other foreign securities).
DWS Large Cap Fund – Series 3
Opens: April
10, 2015
Closes: April 20, 2015
Deutsche Mutual Fund has launched a
new fund as DWS Large Cap Fund - Series 3, a 1281 days close ended equity fund.
The tenure of the fund is 1281 days from the date of allotment of units. The
objective of the fund is to generate capital appreciation from a diversified
portfolio of equity and equity related securities of large cap companies in
India. The fund will invest 70-100% of assets in equity and equity related
instruments of large cap companies, invest up to 30% of assets in equity and
equity related instruments of non-large cap companies with high risk profile,
and invest up to 10% of assets in debt and money market instruments with low to
medium risk profile. The benchmark index for the fund is CNX Nifty Index. The
fund manager will be Akash Singhania.
HSBC CPO Fund - Series II –Plan III
Opens: April 16,
2015
Closes: April 23, 2015
HSBC
Mutual Fund has launched a new fund as HSBC CPO Fund – Series II – Plan III. The
fund seeks to protect capital by investing a portion of the portfolio in high
quality debt securities and money market instruments and also to provide
capital appreciation by investing in equities through NIFTY (Index) Call
Options. The fund will be benchmarked against the CRISIL MIP Blended
Index. The fund manager is Mr. Sanjay Shah.
HDFC Focused Equity Fund –Plan B
Opens: March 26,
2015
Closes: April 24, 2015
HDFC Mutual Fund has launched a
new fund named as HDFC Focused Equity Fund - Plan B, a close ended equity fund
investing in eligible securities as per Rajiv Gandhi Equity Savings Scheme. The
investment objective of the fund is to generate long term capital appreciation
from a portfolio of Eligible Securities as specified in Rajiv Gandhi Equity
Savings Scheme. The plan will invest 95%-100% of assets in equity securities
specified as eligible securities for RGESS debt instruments and government
securities with medium to high risk profile and invest up to 5% of assets in
money market instruments and liquid schemes with low to medium risk profile. Benchmark
Index for the plan is S&P BSE 100 Index. Srinivas Rao Ravuri is the fund
manager.
Axis Hybrid Fund Series 22
Opens: April 21,
2015
Closes: May 5, 2015
Axis Mutual Fund has launched a new fund named as Axis Hybrid Fund Series
22. It is a hybrid debt-oriented conservative fund. The fund aims at generating
income by investing in high quality fixed income securities that are maturing
on or before the maturity of the fund whilst the secondary objective is to
generate capital appreciation by investing in equity and equity related
instruments. The fund is benchmarked against the CRISIL MIP Blended Index. Mr. Devang Shah and Jinesh Gopani are the fund
managers.
Quantum Dynamic Bond Fund
Opens: April 29,
2015
Closes: May 13, 2015
Quantum Mutual Fund has launched a new
fund as Quantum Dynamic Bond Fund. The investment objective of the fund is to
generate income and capital appreciation through active management of a
portfolio consisting of short term and long term debt and money market
instrument. The fund aims to provide optimal returns with moderate levels of
risk and high liquidity through judicious investments in money market and debt
instruments. The fund will be benchmarked against the CRISIL Composite Bond
Fund Index. The fund manager is Mr. Murthy Nagarajan.
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