MF Maze To Matrix


November 2018

Tata Mutual Fund along with CAMS has introduced ‘1 Click’ digital NFO subscription to help KYC-compliant clients subscribe to NFOs in just a few clicks. This facility aims to bring ease, convenience and speed of investing for new and existing clients. This facility is launched for Tata Small Cap NFO, where an existing or new investor can subscribe to the NFO in just 4 clicks – with nearly no data input. Investors can skip the entire process of log-in and form filing. This is an industry first digital initiative to make investing in NFOs completely hassle-free for existing and new investors and TATA Mutual Fund has been an early adopter to implement digiNFO solution.

NFOs of various hues adorn the November 2018 NFONEST.

SBI Debt Fund Series C 29

Opens: November 14, 2018
Closes: November 19, 2018

SBI Debt Fund – Series C29 is a close-ended debt scheme that matures 366 days from the date of allotment. The scheme endeavours to provide regular income and capital growth with limited interest rate risk to the investors through investments in a portfolio comprising of debt instruments such as Government Securities, PSU & Corporate Bonds and Money Market Instruments maturing on or before the maturity of the scheme. The fund is benchmarked against the CRISIL Short Term Bond Fund Index. The fund is managed by Ms. Ranjana Gupta.

ICICI Prudential Bharat Consumption Fund – Series 5

Opens: November 7, 2018
Closes: November 21, 2018

ICICI Prudential Bharat Consumption Fund – Series 5 is a close-ended equity scheme with a maturity of 1100 days. This close-ended scheme is a thematic one, focusing on consumption and will mainly invest in the stocks of consumption related companies. The scheme may also take exposure of up to 50% to derivative instruments, American depositary receipts (ADRs), Global Depositary Receipts (GDRs), overseas ETFs or foreign securities. Additionally, the scheme may also invest in securitized debt and stock lending, but will not be engaged in short selling and credit default swaps, among others. The scheme will invest in sectors such as consumer non-durables (dairy products, bakery), consumer electricals, pharmaceuticals, paint, among others. ICICI Prudential Bharat Consumption Fund – Series 5 will use the Nifty India Consumption Index as a benchmark. ICICI Prudential Bharat Consumption Fund – Series 5 will be jointly managed by ICICI Prudential AMC’s co-head of equities, Sankaran Naren, Roshan Chutkey and Priyanka Khandelwal.

Motilal Oswal Nasdaq 100 FOF

Opens: November 9, 2018
Closes: November 22, 2018

Motilal Oswal AMC has launched a new fund of fund named Motilal Oswal Nasdaq 100 FOF. The FOF or Fund of Funds will invest in Motilal Oswal NASDAQ 100 ETF. The Nasdaq 100 predominantly constitutes the big tech players from the USA like, Facebook, Google, Netflix etc. This makes it a very technology sector specific index. Moreover, the valuations of this index are very expensive. This makes it less attractive for Indian retail investors.  Retail investors cannot invest in ETFs because of the high ticket size. The Motilal Oswal Nasdaq 100 Fund allows a minimum application amount of Rs 500. The FoFs are a convenient way of investing in ETFs but they are taxed as debt funds, which is where they lag the feeder funds.
The fund is benchmarked against the NASDAQ 100 Index. The fund is managed by Ashish Agrawal and Abhiroop Mukherjee.

DSP Healthcare Fund

Opens: November 12, 2018
Closes: November 26, 2018

DSP Mutual Fund has launched DSP Healthcare Fund, an open ended scheme investing in the healthcare and pharma sector. Investment up to 25% could also be in international healthcare stocks, especially in large US companies, giving investors access to international diversification. The fund aims to benefit from three major growth drivers in India – growing demand, export opportunities and a conducive policy environment. The benchmark for the fund would be the S&P BSE Healthcare Index. Aditya Khemka, Vinit Sambre and Jay Kothari will co-manage the fund.

Union Value Discovery Fund

Opens: November 14, 2018
Closes: November 28, 2018

Union Mutual Fund has launched Union Value Discovery Fund, an open ended equity scheme following a value investment strategy. Union Value Discovery Fund would predominantly invest in stocks that are categorised as bargain stocks and are temporarily out of favour. The multi cap portfolio would follow bottom up selection to pick up stocks. The scheme will invest between 65% and 100% of assets in stocks of value companies. Value stocks are the ones that investors deem as potentially undervalued or trading below their intrinsic value. Investments in debt and money market instruments are capped at 35%. The Union Value Discovery Fund will utilise the S&P BSE 200 Index as its benchmark. The scheme will be benchmarked with the Total Returns of the Index (TRI).The fund will be managed by Vinay Paharia.

ICICI Prudential Capital Protection Oriented Fund – Series XIV – Plan A

Opens: November 16, 2018
Closes: November 29, 2018

ICICI Prudential Mutual Fund has launched a new fund named as ICICI Prudential Capital Protection Oriented Fund – Series XIV – Plan A, a close ended capital protection oriented scheme. The tenure of the scheme is 1275 days from the date of allotment. The investment objective of the scheme is to seek to protect capital by investing a portion of the portfolio in highest rated debt securities and money market instruments and also to provide capital appreciation by investing the balance in equity and equity related securities. The debt securities would mature on or before the maturity of the scheme. The scheme will invest 100% – 65% of its assets in debt securities & money market instruments with low to medium risk profile and invest upto 35% of assets in equity & equity related securities with medium to high risk profile. Benchmark Index for the scheme is CRISIL Composite Bond Fund Index (85%) and Nifty 50 Index (15%). The fund managers are Rajat Chandak (Equity Portion), Rahul Goswami jointly with Chandni Gupta (Debt Portion) and Priyanka Khandelwal, the dedicated fund manager for managing overseas investments of the Fund.

Indiabulls Dynamic Bond Fund

Opens: November 16, 2018
Closes: November 30, 2018

Indiabulls Mutual Fund has launched Indiabulls Dynamic Bond Fund, an open-ended dynamic bond scheme across securities of various durations. Dynamic bond funds’ assets are allocated in both, short-term and long-term bonds. The Indiabulls Dynamic Bond Fund is considered moderately risky and is suitable for investors looking to earn an interest income over the medium and long-term. The scheme will invest up to 100% of its total assets in the debt and money market instruments. The Dynamic Bond Fund may also engage in short selling and securities lending or borrowing, while it may not engage in credit default swaps or invest in equity-linked debentures. CRISIL Composite Bond Fund Index will be utilised as the benchmark for Indiabulls Dynamic Bond Fund. The fund is managed by Malay Shah, who is the head of Fixed Income at Indiabulls.

Sundaram Equity Savings Fund

Opens: November 16, 2018
Closes: November 30, 2018

Sundaram Mutual Fund has launched Sundaram Equity Savings Fund, an open-ended scheme that aims to invest in equity, arbitrage and debt. The equity exposure will tilt in favour of large caps.  The arbitrage investment will primarily be through cash futures arbitrage on individual stocks while the fixed income investments will be made in high credit quality fixed income instruments. This is an offering which moderates the riskiness of pure equity with the safety of arbitrage and fixed income thus offering a wholesome blend of risk and reward while maintaining equity taxation. Sundaram Equity Savings Fund would follow a three-pronged investment strategy by choosing to invest in equity for capital appreciation, taking hedging or arbitrage investment calls, primarily cash futures arbitrage on individual stocks to enhance income. It will also invest in high credit quality fixed income instruments for consistent income generation. The fund will be managed by Krishna Kumar, CIO-Equity, S.Bharath, Fund Manager–Equity and Dwijendra Srivastava, CIO- Fixed Income. The performance of the scheme will be benchmarked to the Nifty Equity Savings Index.

SBI Debt Fund Series C – 31 to 34, DSP Nifty Next 50 Index Fund, DSP Nifty 50 Index Fund, ICICI Prudential Overnight Fund, ICICI Prudential Interval Fund – Series IX, Essel Balanced Advantage Fund, Reliance Mutual Fund – CPSE ETF FFO 3, Shriram Long Term Equity Fund, YES Liquid Fund, YES Ultra Short Term Fund, Tata Ultra Short Term Fund and Motilal Oswal Liquid Fund are expected to be launched in the coming months.