NFO NEST

May 2017

Closed-end NFOs rule the roost in the May 2017 NFONEST.

Sundaram Value Fund – Series VIII

Opens: May 2, 2017

Closes: May 16, 2017

Sundaram Mutual Fund has launched a new fund named as Sundaram Value Fund Series - VIII, a close ended equity fund with the duration of 4 years from the date of allotment of units. The objective of the fund is to provide capital appreciation by investing in a well-diversified portfolio of stocks through fundamental analysis. The fund will allocate up to 80% of assets in equity and equity related securities with high risk profile and invest up to 20% of assets in fixed income and money market instruments with low to medium risk profile. The performance of the fund will be benchmarked against S&P BSE 500 Index. The fund managers are S. Krishnakumar, Madanagopal Ramu (Co-Fund Manager - Equity) and Dwjendra Srivastava (Fixed Income).

Axis Equity Advantage Fund – Series I

Opens: May 5, 2017

Closes: May 19, 2017

Axis Mutual Fund has launched a new fund named as Axis Equity Advantage Fund - Series 1, a close ended equity fund. The fund will mature 1590 days from the date of allotment of units. The primary objective is to generate capital appreciation over medium to long-term from a diversified portfolio of predominantly equity and equity related instruments. It also aims to manage risk through use of active hedging techniques. The fund will allocate 65% to 100% of assets in equity and equity related instruments with high risk profile and invest up to 35% in debt and money market instruments with low to medium risk profile. Benchmark Index for the fund is a combination of Nifty 50 Index (75%) and Crisil Composite Bond Fund Index (25%). The fund managers are Shreyash Devalkar and Ashwin Patni.

SBI Dual Advantage Fund – Series XXII

Opens: May 8, 2017

Closes: May 22, 2017

SBI Mutual Fund has unveiled a new fund named as SBI Dual Advantage Fund - Series XXII, a close ended hybrid fund. The tenure of the fund is 1100 days from the date of allotment. The primary investment objective of the fund is to generate income by investing in a portfolio of fixed income securities maturing on or before the maturity of the fund. The secondary objective is to generate capital appreciation by investing a portion of the fund corpus in equity and equity related instruments. The fund will invest 55%-95% of assets in debt and debt related instruments, invest up to 10% of assets in money market instruments with low to medium risk profile and invest 5%-35% of assets in equity and equity related instruments including derivatives with high risk profile. Benchmark Index for the fund is CRISIL MIP Blended Fund Index. Rajeev Radhakrishnan shall manage debt portion and Ruchit Mehta shall manage investments in equity and equity related instruments of the fund.

ICICI Prudential Capital Protection Oriented Fund – Series XII

Opens: May 9, 2017

Closes: May 23, 2017

ICICI Prudential Mutual Fund has launched a new close ended capital protection fund named “ICICI Prudential Capital Protection Oriented Fund - Series XII - Plan A 1168 Days” with maturity period of 1168 days from the date of allotment. The asset allocation of the fund will be in such a way that the objective of the fund to protect capital will be met by investing a portion of the portfolio in highest rated debt securities and money market instruments. Hence, the fund will allocate 65 to 100 per cent of asset in debt instruments and money market instruments and 0 to 35 per cent of asset in equity and equity related instruments. The performance of the fund will be benchmarked against Crisil Composite Bond Fund Index (85 per cent) and CNX Nifty (15 per cent). Rahul Goswami, Ihab Dalwai, Vinay Sharma and Chandini Gupta will be the fund managers.

Sundaram Select Microcap Fund – Series XV

Opens: May 10, 2017

Closes: May 24, 2017

Sundaram Mutual Fund has launched a new fund named as Sundaram Select Micro Cap - Series XV, a closed-end equity fund. The tenure of the fund is 5 years from the date of allotment of units. The objective of the fund would be to generate capital appreciation by investing predominantly in equity/equity-related instruments of companies that can be termed as micro-caps. The fund will invest 80%-100% in equity and equity related securities of companies of micro-caps, invest up to 20% of assets in other equity (including investment in derivatives of large caps) with high risk profile and invest up to 20% of assets in fixed income and money market securities with low to medium risk profile. The performance of the fund will be benchmarked against S&P BSE Small Cap Index. The fund managers are S Krishnakumar and Dwijendra Srivastava.

Canara Robeco Capital Protection Oriented Fund – Series 8

Opens: May 12, 2017

Closes: May 26, 2017

Canara Robeco Mutual Fund has launched a new fund named as Canara Robeco Capital Protection Oriented Fund - Series 8, a close ended capital protection oriented fund. The tenure of the fund is 1140 days from the date of allotment. The investment objective of the fund is to seek capital protection by investing in fixed income securities maturing on or before the maturity of the fund and seeking capital appreciation by investing in equity and equity related instruments. The fund would allocate 70% to 100% of assets in Indian debt instruments and money market instruments with low to medium risk profile and up to 30% of assets in equity and equity related instruments with medium to high risk profile. Benchmark index for the fund is CRISIL MIP Blended Fund Index. The fund managers will be Shridatta Bhandwaldar and Suman Prasad.