Mutual fund investment: Four new developments that MF investors must know

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SMC Global Securities Ltd. Parag Parikh Dynamic Asset Allocation Fund will be an open-ended dynamic asset allocation fund. The investment objective of the scheme will be to generate income/long-term capital appreciation by investing in equity, equity derivatives, and fixed-income instruments.

The allocation between equity instruments and fixed income will be managed dynamically to provide investors with long-term capital appreciation while managing downside risk. Motilal Oswal Nifty IT ETF will be an open-ended scheme replicating/tracking the Nifty IT TRI. The investment objective of the scheme will be to provide returns that, before expenses, closely correspond to the total returns of the securities as represented by the Nifty IT Index, subject to tracking error.

The scheme will be benchmarked against Nifty IT TRI. The scheme will allocate 95- 100% in constituents of the Nifty IT Index, and 0-5% in units of liquid schemes and money market instruments. Motilal Oswal Nifty Bank ETF will be an open-ended scheme replicating/tracking the Nifty Bank TRI.

The investment objective of the scheme will be to provide returns that, before expenses, closely correspond to the total returns of the securities as represented by the Nifty Bank Index, subject to tracking error. The scheme will be benchmarked against the Nifty Bank Total Return Index. WhiteOak Capital Pharma and Healthcare Fund will be an open-ended equity scheme investing in the pharma and healthcare sector.