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TOP PERFORMANCE

Scheme Name % Returns
3 Months % 6 Months % 1 Year %
DSP World Gold Fund (G).. -7.92 -3.26 15.11
SBI ETF 10 Year Gilt.. 4.65 5.90 14.74
Nippon India ETF Long Term Gil.. 4.13 5.58 14.30
DSP A.C.E. Fund - Series 2 (G).. 5.85 6.82 13.35
Edelweiss GCE Off-Shore Fund(G.. -5.69 9.41 13.33

New Fund Offer

Scheme Name Open Date Close Date
ITI Large Cap Fund (G) 26-Mar-2020 09-Apr-2020
ITI Large Cap Fund (D) 26-Mar-2020 09-Apr-2020
L&T Nifty 50 Index Fund (G) 24-Mar-2020 07-Apr-2020
L&T Nifty 50 Index Fund (D) 24-Mar-2020 07-Apr-2020
L&T Nifty Next 50 Index Fund (G) 24-Mar-2020 07-Apr-2020
L&T Nifty Next 50 Index Fund (D) 24-Mar-2020 07-Apr-2020

Category Returns

Category Avg Return
1 Month % 3 Months % 1 Year %
Equity - Pharma -8.20 -5.18 -5.41
Hybrid - Arbitrage Oriented -9.04 -9.87 -5.46
Global Funds - Foreign FOF -11.59 -19.52 -8.35
Global Funds - Foreign Equity -13.51 -19.84 -10.59
Equity - FMCG -12.95 -15.12 -12.20
Equity Theme - Shariah -16.12 -15.58 -14.04
Fund of Funds - Equity -16.80 -18.90 -16.19
Equity - Infotech -16.97 -17.63 -16.31
Equity - Media -20.23 -22.32 -21.05
Equity - Tax Planning -24.15 -26.45 -23.08

MF News

Mirae Asset Hybrid Equity Fund Announces change in fund managers
With effect from 01 April 2020

Mirae Asset Mutual Fund has announced change in fund manager under the following scheme, with effect from 01 April 2020.

Mirae Asset Hybrid Equity Fund:

Existing Fund Managers: Neelesh Surana & Mahendra Jajoo

New Fund Managers: Neelesh Surana, Vrijesh Kasera,, Harshad Borawake (equity portion) & Mahendra Jajoo (debt portion)

L&T Nifty Next 50 Index Fund Floats On
NFO period is from 24 March to 31 March 2020

L&T Mutual Fund has launched a new fund named L&T Nifty Next 50 Index Fund, An open ended equity scheme tracking nifty next 50 index. The new issue will be open for subscription from 24 March 2020 to 31 March 2020.

The investment objective of the scheme will invest in stocks comprising the Nifty Next 50 index in the same proportion as in the index with the objective of achieving returns equivalent to the Total Returns Index of Nifty Next 50 index by minimizing the performance difference between the benchmark index and the scheme. The Total Returns Index is an index that reflects the returns on the index from index gain/ loss plus dividend payments by the constituent stocks.

The scheme offers growth and dividend option with dividend payout & dividend reinvestment facility.

The scheme would invest 95% - 100% of its assets in equity and equity related securities covered by Nifty Next 50 Index with medium to high risk profile, invest upto 5% of assets in debt and money market instruments with low to medium risk profile.

Minimum application amount is Rs 5000 per application.

Minimum additional application amount is Rs 1000 per application.

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 10 crore under the scheme during the NFO period.

Entry load: Nil

Exit Load: If the units redeemed or switched out are upto 10% of the units purchased or switched in (the limited) within 1 year from the date of allotment: Nil

If the units redeemed or switched out are over and above the limit within 1 year from the date of allotment: 1% of applicable NAV

If the units redeemed or switched out on or after 1 year from the date of allotment: Nil

Benchmark Index for the scheme is Nifty Next 50 Index TRI

The fund manager of the scheme is Praveen Ayathan.

L&T Nifty 50 Index Fund Floats On
NFO period is from 24 March to 31 March 2020

L&T Mutual Fund has launched a new fund named L&T Nifty 50 Index Fund, An open ended equity scheme tracking nifty 50 index. The new issue will be open for subscription from 24 March 2020 to 31 March 2020.

The investment objective of the scheme will invest in stocks comprising the Nifty 50 index in the same proportion as in the index with the objective of achieving returns equivalent to the Total Returns Index of Nifty 50 index by minimizing the performance difference between the benchmark index and the scheme. The Total Returns Index is an index that reflects the returns on the index from index gain/ loss plus dividend payments by the constituent stocks.

The scheme offers growth and dividend option with dividend payout & dividend reinvestment facility.

The scheme would invest 95% - 100% of its assets in equity and equity related securities covered by Nifty 50 Index with medium to high risk profile, invest upto 5% of assets in debt and money market instruments with low to medium risk profile.

Minimum application amount is Rs 5000 per application.

Minimum additional application amount is Rs 1000 per application.

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 10 crore under the scheme during the NFO period.

Entry load: Nil

Exit Load: If the units redeemed or switched out are upto 10% of the units purchased or switched in (the limited) within 1 year from the date of allotment: Nil

If the units redeemed or switched out are over and above the limit within 1 year from the date of allotment: 1% of applicable NAV

If the units redeemed or switched out on or after 1 year from the date of allotment: Nil

Benchmark Index for the scheme is Nifty 50 Index TRI

The fund manager of the scheme is Praveen Ayathan.

ITI Large Cap Fund Floats On
NFO period is from 26 March 2020 to 09 April 2020

ITI Mutual Fund has launched a new fund named as ITI Large Cap Fund, An open ended equity scheme predominantly investing in large cap stocks. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 26 March 2020 to 09 April 2020.

The investment objective of the Scheme is to generate long term capital appreciation by predominantly investing in equity and equity-related securities of large cap companies.

The scheme will have two plans: regular and direct, each plan will have the following options:

Growth and Dividend Option (with Reinvestment and Payout options)

The scheme would allocate 80%-100% of assets in equity and equity related instruments of large cap companies with high risk profile, invest upto 20% of asset in equity and equity related instruments of other than large cap companies with high risk profile and invest upto 20% of asset in debt & money market instruments with low to medium risk profile and invest upto 10% of asset in Units issued by REITs and InvITs with medium to high risk profile.

The minimum application amount is Rs 5000 and in multiples of Rs 1 thereafter.

The minimum additional purchase amount is Rs 1000 and in multiples of Rs 1 thereafter.

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 10 crore under the scheme during the NFO period.

Entry Load: Not Applicable.

Exit Load: 1% if redeemed or switched out on or before completion of 12 months from the date of allotment of units;

Nil, if redeemed or switched out after completion of 12 months from the date of allotment of units

Benchmark Index for the scheme is Nifty 100 TRI.

The fund managers of the scheme are George Heber Joseph & Pradeep Gokhale.

L&T MF Announces Extension of NFO period under two Schemes
NFO period extended till 07 April 2020

L&T Mutual Fund has extended the closing date of New Fund Offer (NFO) period of L&T Nifty Next 50 Index Fund and L&T Nifty 50 Index Fund from 31 March 2020 to 07 April 2020.
Aditya Birla Sun Life Financial Planning FOF – Prudent Plan Announces ch...
With effect from 28 March 2020

Aditya Birla Sun Life Mutual Fund has approved to change the nomenclature of Aditya Birla Sun Life Financial Planning FOF – Prudent Plan to Aditya Birla Sun Life Financial Planning FOF – Moderate Plan, with effect from 28 March 2020.
Canara Robeco Mutual Fund Announces dividend
Record date for dividend is 27 March 2020

Canara Robeco Mutual Fund has announced 27 March 2020 as the record date for declaration of dividend on the face value of Rs 10 per unit under the dividend option of following schemes. The amount of dividend (Rs per unit) will be:

Canara Robeco Equity Hybrid Fund – Regular Plan – Monthly Dividend Option: 0.60

Principal Mutual Fund Announces change in exit load structure under its...
With effect from 31 March 2020

Principal Mutual Fund has announced change in exit load structure under the following schemes, with effect from 31 March 2020. Accordingly, the revised exit load will be:

Principal Emerging Bluechip Fund, Principal Multi Cap Growth Fund, Principal Small Cap Fund, Principal Midcap Fund, Principal Dividend Yield Fund:

. If redeemed/switched on or before 365 days from the date of allotment:

Nil for redemption/switch out of units upto 24% of the units allotted (the limit).

1% on redemption in excess of 24% of the limit stated above.

. Nil thereafter

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