MF Maze To Matrix

NFONEST

December 2018

NFOs of various hues adorn the December 2018 NFONEST.

Motilal Oswal Liquid Fund

Opens: December 11, 2018

Closes: December 18, 2018

Motilal Oswal Liquid Fund is an open-ended liquid scheme launched by Mostilal Oswal Mutual Fund. The investment objective of the scheme is to generate optimal returns with high liquidity to the investors through a portfolio of money market securities. The fund is benchmarked against the CRISIL Liquid Fund Index. The fund is managed by Mr. Abhiroop Mukherjee.

Tata Nifty Exchange Traded Fund

Opens: December 17, 2018

Closes: December 19, 2018

Tata Mutual Fund has launched a new fund named Tata Nifty Exchange Traded Fund, an open ended exchange traded fund tracking Nifty 50 Index. The investment objective of the scheme is to provide returns that closely correspond to the total returns of the securities as represented by the Nifty 50 index, subject to tracking error. The scheme would invest 95% – 100% of assets in equity and equity related instruments covered by Nifty 50 index with high risk profile and up to 5% of asset in Money Market Instruments including CBLO or any other instrument as may be permitted by SEBI and units of liquid scheme of Tata Mutual Fund with low risk profile. Benchmark Index for the scheme is Nifty 50 (Total Return Index). The fund manager is Mr. Sailesh Jain.

SBI Debt Fund Series C 33

Opens: December 13, 2018

Closes: December 20, 2018

SBI Debt Fund Series C33 is a close-ended debt scheme launched by SBI Mutual Fund which matures 1216 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 and Corporate Bonds and Money Market Instruments maturing on or before the maturity of the scheme. The fund is benchmarked against CRISIL Medium Term Debt index. The fund Manager is Ms. Ranjana Gupta.

ICICI Prudential Capital Protection Oriented Fund XIV-B

Opens: December 17, 2018

Closes: December 31, 2018

ICICI Prudential Capital Protection Oriented Fund XIV-B is a close-ended capital protection oriented scheme launched by ICICI Prudential Mutual Fund which matures 1201 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 fund is benchmarked against the Crisil Composite Bond Fund Index (85%) and Nifty 50 Index (15%). The fund managers are Mr. Rajat Chandak (Equity portion), Mr. Rahul Goswami and Ms. Chandni Gupta (Debt Portion) and Ms. Priyanka Khandelwal (ADR/GDR and other foreign securities).

Shriram Long-term Equity Fund

Opens: December 17, 2018

Closes: January 18, 2019

Shriram Long-term Equity Fund is an open ended equity linked savings scheme with a statutory lock in of 3 years and tax benefit. The primary investment objective of the scheme is to generate income and long-term capital appreciation from a diversified portfolio of predominantly equity and equity related securities and enable investors to avail the income tax rebate, as permitted from time to time. The fund is benchmarked against NIFTY 500. The fund is managed by Mr. Kartik Soral.

Canara Robeco Capital Protection Oriented Fund – Series 10, IDFC Overnight Fund, DSP Overnight Fund, Kotak Overnight Fund, ICICI Prudential Bharat Consumption Fund, ICICI Prudential Capital Protection Fund – Series XV, IDFC Floating Rate Fund, SBI Debt Fund Series C–35 to 40, ICICI Prudential MNC Fund, ICICI Prudential Commodities Fund, Sundaram Overnight Fund, Indiabulls Overnight Fund, Axis Overnight Fund, SBI US Equity Feeder Fund and ICICI Prudential Private Banks ETF are expected to be launched in the coming months.