Launch of new close ended mutual funds
Dear all
following are the latest NFO’s for new funds
- DSP BlackRock Dual Advantage Fund – Series 44 – 39M – NFO.
Opening date: 30th March, 2016
Closing Date: April 11,2016
Type: Close -ended income scheme
Equity allocation: Index Option
Fund Managers: Dhawal Dalal & Vinit Sambre
Maturity Date: July 01, 2019
Benchmark: CRISIL MIP Blended Index
Entry Load: NIL
Exit Load: Not applicable as units will be listed
Plans available: Regular, Direct
Options: Growth (Default), Dividend
2) HDFC Dual Advantage Fund:1099D March 2016
Opening Date: March 23, 2016
Closing Date: April 5,2016
How does Dual Advantage Work?
Portfolio comprising a judicious mix of Debt securities & money market instruments and also equity and equity related instruments
The debt portion of the scheme will aim to provide relatively stable return while the equity portion will aim to generate capital appreciation For e.g.: The scheme invests ~88% in debt and money market instruments. The 88% of the portfolio invested in debt securities is structured to grow over the tenure of the scheme to 100% (net of annual recurring expenses)
The remaining corpus will be invested in equities and equity related instruments to generate capital appreciation
Investment Strategy
• Tenure: 1099 Days
• Intended Portfolio Allocation*:
• Debt Strategy:
– Approximately 88% of the portfolio shall be invested in debt and money market instruments which would be targeted to reach 100% of the original investment over the tenure of the Plan.
– Investments in the instruments to mature on or before the date of maturity of the Plan, thereby no interest rate risk and shall earn prevailing yields over tenure of the Plan.
– Investment in AAA rated securities minimizes credit risk.
Fund Suitability:
- Investors with low to medium risk appetite
- Investors who do not want to take interest rate risk and want to earn prevailing yields over the tenure of the Plan.
- It offers investors to participate in equities with the stability in the portfolio being provided by the debt portion of the portfolio.
- Investors can take benefit of indexation and get an opportunity to earn better tax adjusted returns.
Fund Facts:
Nature Of Scheme: close ended
Fund Manager for Debt Portfolio: Anil Bambol,Fund Manager for Equity Portfolio: Krishan Kumar Daga
Investment options: Direct & regular plan
Investment suboptions: Under each plan Growth and dividend
Minimum application: Rs. 5000 and thereafter in multiples of Rs.10
Entry/Exit load: Nil
Benchmark: CRISIL Debt Hybrid 75:25 fund index
CA Shafaly Girdharwal
CA
New Delhi, India
CA Shaifaly Girdharwal is a GST consultant, Author, Trainer and a famous You tuber. She has taken many seminars on various topics of GST. She is Partner at Ashu Dalmia & Associates and heading the Indirect Tax department. She has authored a book on GST published by Taxmann.
