Fund launches Financial News

Targeting USD-denominated sovereigns, the Luxembourg-domiciled fund was seeded with a $50m initial investment.

Each fund aims to invest in companies ‘exhibiting sound management of financially material ESG characteristics’, as assessed through the firm’s principles.

JPMorgan Active US Core UCITS ETF (JUSE), JPMorgan Active US Value UCITS ETF (JAVA) and JPMorgan Active US Growth UCITS ETF ( JGRO) listed on the London Stock Exchange, Borsa Italiana and Deutsche Börse Xetra.

JPMorgan Global Equity Premium Income UCITS ETF (JEPG) aims to offer investors 7-9% annualised income, paid monthly, with less volatility than its benchmark.

The fund will be managed by head of fixed income Bryn Jones and fund manager Stuart Chilvers.

Mutual Fund Scheme and is also eligible for Long Term Capital Gain Tax with Indexation Benefit, with holding period of more than three years. Speaking on the new fund offer, Aashish Somaiyaa, CEO, WhiteOak Capital Asset Management Limited said, “Originally, Balanced Funds were supposed to be just “Balanced".

Radhika Gupta, MD & CEO of Edelweiss Mutual Fund. She further adds, that we have always been careful when launching NFOs and try to align with market conditions that are good for investors and can deliver value to them.

Motilal Oswal Nifty 500 ETF seeks to replicate/track the total returns of the Nifty 500 Index, which is designed to measure the performance of the top 500 companies based on market capitalization. Compared to the Nifty 50 Index, the Nifty 500 Index is well-diversified, with its top 10 holdings accounting for only 37%, as opposed to 58% in the Nifty 50 Index.

UTI AMC. Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here 1)The NFO starts on September 25, 2023 and closes on October 9, 2023.

Mirae Asset Mutual Fund has launched Mirae Asset S&P BSE Sensex ETF, an open-ended scheme replicating/tracking S&P BSE Sensex Total Return Index. The new fund offer or NFO of the scheme is open for subscription and will close on September 26. The scheme will re-open for continuous sale and repurchase from October 3. The performance of the scheme will be benchmarked against S&P BSE Sensex TRI (Total Return Index). The scheme will be managed by Ekta Gala and Vishal Singh.

Motilal Oswal Mutual Fund has launched Motilal Oswal Developed Market Ex US ETFs Fund of Funds, an open-ended fund of funds scheme investing in units of Global ETFs which track the performance of developed markets excluding US. The new fund offer or NFO of the scheme is open for subscription and it will close on September 21. The performance of the scheme will be benchmarked against S&P Developed Ex-U.S. BMI Total Return Index. The scheme will be managed by Ankush Sood (foreign investments), and Rakesh Shetty (debt investments).

HDFC Mutual Fund has launched HDFC Pharma and Healthcare Fund, an open-ended equity scheme investing in pharma and healthcare companies. The new fund offer or NFO of the scheme is open for subscription and it will close on September 28. The scheme will re-open for continuous sale and repurchase within five business days from the date of allotment of units under NFO. The investment objective of the scheme is to provide long-term capital appreciation by investing predominantly in equity and equity-related securities of pharma and healthcare companies.

gold ETFs, other commodities, and ETF and exchange Traded Commodity Derivatives (ETCDs), aiming to reduce overall risk. DSP MAAF will allocate assets based on 3 key but simple factors – long-term expected returns from different asset classes, their realized volatility, and the correlation among each asset class. The key idea is that when assets with low correlation among one another are added to a portfolio, even if one asset class faces a downturn, another one might perform well, potentially smoothening out the investor experience.

DSP Mutual Fund announced the launch of DSP Multi Asset Allocation Fund (DSP MAAF), an open-ended scheme that aims to offer investors long-term returns like what equities may offer but with added resilience against market falls. DSP MAAF aims to benefit investors by diversifying their investments between asset classes like domestic equities, international stocks, debt instruments, gold ETFs, other commodities and ETF & Exchange Traded Commodity Derivatives (ETCDs), aiming to reduce overall risk, a press release said. Historical data has repeatedly shown that the best-performing asset class can vary significantly over the years, making it difficult to predict the winner each year. Hence one’s best bet is to invest across asset classes. DSP MAAF will allocate assets based on 3 key but simple factors – long-term expected returns from different asset classes, their realized volatility and the correlation among each asset class. The key idea is that when assets with low correlation among one another are added into a portfolio, even if one asset class faces a downturn, another one might perform well, potentially smoothening out the investor experience. Further, historical returns of a multi asset model portfolio have shown returns similar to those from domestic equities with significantly lesser volatility than equities.

Kotak Mutual Fund has launched Kotak Multi Asset Allocation Fund, an open-ended scheme investing in equity, debt and money market instruments, commodity ETFs and exchange traded commodity derivatives. The new fund offer or NFO of the scheme is open for subscription, and it will close on September 24. The investment objective of the scheme is to generate long term capital appreciation by investing in equity and equity-related securities, debt and money market instruments, commodity ETFs and exchange traded commodity derivatives.

HDFC Asset ManagementCompany (HDFC AMC), investment manager to HDFC Mutual Fund (HDFC MF), announced the launch of open-ended equity scheme - HDFC Technology Fund. The scheme intends to invest in technology and technology related companies with a bottom-up approach for stock selection. It aims to embrace the techvolution and invest in the potential of the future.

Renewable energy has significant advantages but also comes with unique constraints like weather, land availability and lack of flexibility on when power generation can happen and when it cannot, it pointed out. The newly launched open-source model will help address these complexities, it stated, adding that this model is designed to aid in national and state level power planning of energy. The IDEEA also aims to become a platform for open-source energy modelling.

Quant Mutual Fund has launched Quant Teck Fund, an open-ended equity scheme investing in technology-centric companies. The new fund offer or NFO of the scheme is open for subscription and it will close on September 5. The performance of the scheme will be benchmarked against S&P BSE TECk TRI. Sandeep Tandon, Ankit Pande, Sanjeev Sharma, and Vasav Sahgal will manage the scheme.

Mahindra Manulife Mutual Fund has launched Mahindra Manulife Business Cycle Fund, an open-ended equity scheme following business cycles based investing theme, catering to investors with an appetite for long-term capital appreciation through equity and equity-related securities. The new fund offer or NFO of the scheme is open for subscription and will close on September 4. The scheme will reopen for continuous sale and repurchase from September 13. The scheme aims to generate capital appreciation by investing predominantly in equity and equity-related securities with a focus on investing in companies and sectors to participate in the business cycles through active portfolio allocation.

UTI Mutual Fund (UTI) has announced the launch of UTI Nifty Midcap 150 ETF. The UTI Midcap 150 ETF will be a passively managed scheme and it will replicate the performance of the underlying index, Nifty Midcap 150 TRI. The New Fund Offer or NFO is open for subscription, and it will close on 28th August. The scheme will reopen again on 5th September

Investment in the Bandhan Nifty IT Index Fund can be made through licensed mutual fund distributors and online platforms, as well as, directly on https://www.bandhanmutual.com. Highlighting why investors should consider investing in the Bandhan Nifty IT Index Fund, Vishal Kapoor, CEO, Bandhan AMC said, “The Indian IT sector is at the forefront of global innovation, establishing itself as a technology powerhouse and a leading player in the global IT landscape.