Baroda BNP Paribas Nifty 50 Index Fund
Baroda BNP Paribas Nifty 50 Index Fund is an open-ended scheme replicating/tracking the NIFTY 50 Total Return Index. The NFO of the scheme is open for subscription, and it will close on January 22.
The investment objective of the scheme is to provide investment returns closely corresponding to the total returns of the securities as represented by the Nifty 50 Total Returns Index before expenses, subject to tracking errors, fees and expenses.
The scheme will be benchmarked against Nifty 50 Total Returns Index. The scheme will be managed by Neeraj Saxena. The minimum investment amount is Rs 5,000 and in multiples of Re 1 thereafter. The minimum investment amount for daily, weekly, monthly SIP is Rs 500 and in multiples of Re 1 thereafter.
The scheme will invest 95-100% in equity and equity related securities of companies constituting Nifty 50 Index, and 0-5% in money market instruments and units of liquid scheme and cash and cash equivalents.
DSP Multicap Fund
DSP Multicap Fund is an open-ended equity scheme investing across large cap, mid cap, small cap stocks. The new fund offer or NFO of the scheme is open for subscription and it will close on January 22. The investment objective of the scheme is to generate long-term capital appreciation from a portfolio of equity and equity related securities across market capitalization. The scheme will be benchmarked against Nifty 500 Multicap 50:25:25 TRI. The scheme will be managed by Chirag Dagli, and Jay Kothari.
The minimum application amount for lumpsum and SIP is Rs 100 and any amount thereafter. The scheme will invest 75-100% in equity and equity related securities of large cap, mid cap, and small cap companies, 0-25% in equity and equity related overseas securities, 0-25% in debt and money market instruments, and 0-10% in units issued by REITs & InvITs.
The portfolio construction of the scheme will be based on a “bottom up” approach as well as a “top down” approach.
Zerodha Nifty 1D Rate Liquid ETF
Zerodha Nifty 1D Rate Liquid ETF is an open-ended exchange traded fund replicating/ tracking Nifty 1D Rate Index with a relatively low interest rate risk and relatively low credit risk.
The new fund offer or NFO of the scheme is open for subscription and it will close on January 12.
The investment objective of the scheme is to invest in tri party repo on government securities or treasury bills (TREPS). The scheme aims to provide investment returns that, before expenses, correspond to the returns of the NIFTY 1D Rate Index, subject to tracking error.
The scheme will be benchmarked against Nifty 1D Rate Index. The scheme will be managed by Apurv Parikh.
The minimum application amount is Rs 500 per application and in multiples of Rs 100 thereafter. The scheme will invest 95-100% in Tri-party repo on government securities or t-bills, reverse repo & cash and cash equivalents, and 0-5% in G-sec(s) and/or T-bills with a residual maturity of up to 30 days.
Bandhan Multi Asset Allocation Fund
Bandhan Multi Asset Allocation Fund is an open-ended scheme investing in equity and equity related instruments, debt and money market securities and gold/silver related instruments.
The new fund offer or NFO of the scheme will open for subscription on January 10 and it will close on January 24.
The investment objective of the scheme is to generate income and provide long term capital appreciation by investing in instruments across multiple asset classes namely equity and equity related instruments, debt and money market securities and gold/silver related instruments.
The minimum application amount will be Rs 1,000 and in multiples of Re 1 thereafter. The scheme will be benchmarked against 65% Nifty 500 TRI + 25% NIFTY Short Duration Debt Index + 5% Domestic prices of gold + 5% Domestic prices of silver. The scheme will be managed by Viraj Kulkarni, Daylynn Pinto, and Nemish Sheth (equity investments), Gautam Kaul (debt investments), Ritika Behera and Sreejith Balasubramanian (overseas investments).
The scheme will invest 65-80% in equity and equity related instruments, 10-30% in debt securities and money market instruments, 10-30% in gold/silver ETFs and sovereign gold deposit schemes, and 0-10% in units issued by REITs and InvITs.
Mirae Asset Multi Asset Allocation Fund
Mirae Asset Multi Asset Allocation Fund is an open-ended scheme investing in equity, debt and money market instruments, Gold ETFs, Silver ETFs and exchange traded commodity derivatives.
The new fund offer or NFO of the scheme will open for subscription on January 10 and it will close on January 24.
The investment objective of the scheme is to provide long-term capital appreciation from a portfolio investing in equity and equity related securities, debt and money market instruments, gold ETFs, silver ETFs and exchange traded commodity derivatives.
The scheme will be benchmarked against 65% S&P BSE 200 TRI + 20% NIFTY Short Duration Debt Index + 10% Domestic Price of Gold + 5% Domestic Price of Silver. The scheme will be managed by Harshad Borawake, Amit Modani, Siddharth Srivastava, and Ritesh Patel.
The minimum application amount is Rs 5,000 and in multiples of Re 1 thereafter.
DSP Nifty Healthcare ETF
DSP Nifty Healthcare ETF is an open-ended scheme replicating/tracking Nifty Healthcare Index. The new fund offer or NFO of the scheme will open for subscription on January 11 and it will close on January 25.
The investment objective of the scheme is to provide returns that, before expenses, correspond to the total return of the underlying index (Nifty Healthcare TRI), subject to tracking errors.
The scheme will be benchmarked against Nifty Healthcare TRI. The scheme will be managed by Anil Ghelani, Diipesh Shah.
The minimum application amount is Rs 5,000 and in multiples of Re 1 thereof.
Should you invest?
ETMutualFunds believes that investors should invest in an NFO only if it is offering something unique or something extra to already available options. Otherwise, they are better off with an existing scheme with a long, consistent performance record.
Baroda BNP Paribas Nifty 50 Index Fund is a large cap index fund that tracks the Nifty 50 Index. There are around 18 schemes in the large cap index fund category and around 11 schemes have a performance record of around five years. UTI Nifty 50 Index Fund, the topper in the category, offered 16.08% in five years. Bandhan Nifty 50 Index Fund gave 15.93%. HDFC Index Fund-NIFTY 50 Plan gave 15.86%. ICICI Prudential Nifty 50 Index Fund gave 15.81%.
DSP Multicap Fund is an actively-managed multi cap scheme. There are around 23 schemes in the multi cap category and around eight schemes have a performance record of three years. Nippon India Multi Cap Fund, topper in the category, gave 32.67% in the three year horizon. Quant Active Fund gave 28.57%. Mahindra Manulife Multi Cap Fund offered 27.13%. ICICI Prudential Multicap Fund offered 24.16%.
Zerodha Nifty 1D Rate Liquid ETF is the only passive scheme benchmarked Nifty 1D Rate Index. You just have the data of the benchmark to rely upon. The benchmark has a track record of five years and it offered 4.78% in the last five years.
Bandhan Multi Asset Allocation Fund and Mirae Asset Multi Asset Allocation Fund are two schemes from multi asset allocation category. There are around 17 schemes in the multi asset allocation category. Around six schemes have a performance record of around five years. Quant Multi Asset Fund offered the highest return of around 24.66% in a five-year horizon. ICICI Prudential Multi-Asset Fund gave 18.49%. HDFC Multi-Asset Fund offered 14.06%. SBI Multi Asset Allocation Fund gave 13.67%. UTI Multi Asset Allocation Fund and Axis Multi Asset Allocation Fund gave 12.42% and 12.36% respectively.
DSP Nifty Healthcare ETF is an exchange-traded fund dedicated to the healthcare sector. There are around three schemes in the category. These three schemes have a performance record of around two years. Aditya Birla Sun Life Nifty Healthcare ETF offered the highest return of around 12.06% in a two-year horizon. ICICI Prudential Nifty Healthcare ETF gave 12.02%. Axis Nifty Healthcare ETF gave 11.82%.
