Latest news with #NFO
Time of India
8 hours ago
- Business
- Time of India
NFO Alert: Zerodha Mutual Fund launches multi-asset passive FoF
Zerodha Mutual Fund has announced the launch of Zerodha Multi Asset Passive FoF , an open-ended fund of fund scheme investing in units of Equity, Debt Index Funds/ ETFs, and Commodity ETFs. The new fund offer, or NFO of the fund, is open for subscription and will close on August 8. The fund will reopen for continuous sale and repurchase within five business days from the date of allotment of units under NFO. Explore courses from Top Institutes in Please select course: Select a Course Category Data Science Healthcare Data Science Others Digital Marketing others healthcare CXO MCA Degree Product Management Leadership Project Management Technology Management Public Policy Design Thinking Operations Management Artificial Intelligence Cybersecurity Data Analytics PGDM Finance MBA Skills you'll gain: Duration: 11 Months E&ICT Academy, Indian Institute of Technology Guwahati CERT-IITG Postgraduate Cert in AI and ML India Starts on undefined Get Details Skills you'll gain: Duration: 30 Weeks IIM Kozhikode SEPO - IIMK-AI for Senior Executives India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months E&ICT Academy, Indian Institute of Technology Guwahati CERT-IITG Prof Cert in DS & BA with GenAI India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK DABS India Starts on undefined Get Details Skills you'll gain: Duration: 11 Months IIT Madras CERT-IITM Advanced Cert Prog in AI and ML India Starts on undefined Get Details Also Read | Mutual fund houses launch over 100 passive funds in 2025. Will Sebi's new rules shift the trend? Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Birla Evara 3 and 4 BHK from ₹ 1.75 Crore* Birla Estates Learn More The investment objective of the scheme is to provide diversified exposure across multiple asset classes—equity, debt, and commodities—through a passive investment approach. By blending asset classes with low correlation, this scheme seeks to offer better risk-adjusted returns while reducing overall portfolio volatility. The fund will be benchmarked against 60% Niy 200 TRI + 15% CRISIL 10 year Gilt Index + 25% Domestic prices of Physical Gold and will be managed by Kedarnath Mirajkar. The fund will offer only direct plans and only growth options. The exit load is nil. Live Events During the new fund offer (NFO), the minimum investment is Rs 100 and in multiples of Rs 100 thereafter. The minimum application amount for monthly SIP is Rs 100 with one minimum installment. The fund will allocate 50-70% in domestic equity ETFs/Index funds, 10-20% in domestic debt ETFs/Index funds, 20-30% in commodity ETFs, and 0-5% in debt securities and money market instruments. Also Read | This Rs 40,000 crore large & midcap fund multiplies lumpsum investment of Rs 1 lakh by 15 times in 15 years This passive fund has shared nearly 40 funds as the underlying funds. The cumulative gross exposure through equity, debt, commodity based mutual fund schemes and and such other securities/assets as may be permitted by SEBI from time to time should not exceed 100% of the net assets of the scheme. However, cash and cash equivalents with residual maturity of less than 91 days may be treated as not creating any exposure. The fund is suitable for investors who are seeking long term wealth creation and want diversified exposure by investing across multiple asset classes viz., Equity, Debt Index Funds/ ETFs and Commodity ETFs.
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Business Standard
2 days ago
- Business
- Business Standard
Motilal Oswal MF launches Special Opportunities Fund; check key details
Motilal Oswal Special Opportunities Fund: Motilal Oswal Mutual Fund is set to launch the Motilal Oswal Special Oppotunities Fund, an open-ended equity scheme following special situation's theme. The new fund offer (NFO) will open on Friday, July 25, 2025 and close on Friday, August 8, 2025. According to the scheme information document, the scheme aims to generate long-term capital by investing in opportunities presented by special situations such as corporate restructuring, merger & acquistions, government policy, and/or regulatory changes, disruption, upcoming and new trends, new & emerging sectors, companies or sectors going through temporary unique challengess and other similar instances. However, there is no assurance that the investment objective of the scheme will be achieved. The scheme will track the Nifty 500 Total Return Index (TRI). "The fund aims to capitalise on special opportunities in the market by following MOMF's QGLP framework - investing in Quality businesses with high Growth potential, Longevity, and at a reasonable Price. It will adopt a focused, high-conviction, active portfolio management approach," Motilal Oswal MF said. Ajay Khandelwal, fund manager at Motilal Oswal AMC said that, manufacturing, services, FDIs, and exports are expected to grow significantly, supported by structural reforms like PLI, RERA, and Atmanirbhar Bharat. "We believe that corporate actions and macro shifts may continue to create special opportunities capable of disrupting markets. The fund will follow a blend of bottom-up stock picking and top-down analysis to identify companies navigating such transformative phases. This may span sectors like chemicals, EMS, infrastructure, defence, hospitality, healthcare, and IPO-bound firms," he added. Ajay Khandelwal, Atul Mehra, Bhalchandra Shinde, Rakesh Shetty and Sunil Sawant will be the designated fund managers for the scheme. During the NFO, investors can invest a minimum of ₹500 and in multiples of ₹1 thereafter. Through a weekly or monthly Systematic Investment Plan (SIP), the minimum investment amount required is ₹500 and can be increased in multiples of ₹1 thereafter. According to the SID, if units are redeemed or switched out within 3 months from the date of allotment, a 1 per cent of the Net Asset Value (NAV) will be charged as an exit load. However, no exit load will be charged if units are redeemed or switched out after 3 months from the date of allotment. As per the risk-o-meter, the funds invested in the scheme will be at very high-risk. Motilal Oswal Special Opportunities Fund: Should you invest? According to the SID, the fund is suitable for investors seeking long-term capital appreciation by investing predominantly in equities and equity relate instruments of special situations theme. However, investors should consult their financial advisors if in doubt about whether the product is suitable for them.
Time of India
7 days ago
- Business
- Time of India
Sebi plans to change MF norms to tackle overlaps, ensure names ‘true-to-label'
The Securities and Exchange Board of India (Sebi) has proposed changes to mutual fund scheme categorisation to address portfolio overlaps. The regulator may also permit fund houses to launch a second scheme in the same category and invest part of the corpus in Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs). "It was noted that in the case of some schemes, there was a significant overlap of portfolios. It was therefore felt necessary to introduce clear limits to the industry to avoid schemes with similar portfolios," Sebi said in a discussion paper on Friday. Sebi has proposed new limits on how much two schemes can hold the same securities, in order to ensure clearer differentiation between funds. The regulator has suggested capping portfolio overlap at 50% for value and contra funds, as well as for schemes in the sectoral and thematic equity categories. This is to help investors distinguish one product from another. Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » The overlap condition would be monitored at the time of NFO (new fund offering) deployment or on a semi-annual basis using month-end portfolios, it said. Scheme Nomenclature Live Events While retaining the existing structure of five broad groups - equity, debt, hybrid, solution-oriented, and other schemes such as index funds and exchange-traded funds (ETFs) - the regulator has recommended stricter uniformity in how schemes are named to remain "true-to-label." Sebi has proposed standardising the naming of mutual fund schemes, which would have to directly reflect their category. For instance, a large-cap fund would simply be called a 'large cap scheme'. Sebi has also proposed renaming certain debt schemes to better reflect their investment characteristics. It has suggested changing 'low duration fund' to 'Ultra short to short term fund'. Additionally, the regulator suggested that fund names could include the intended duration, such as 'medium term fund (3 to 4 years)'. Lock-In Sebi has proposed that solution-oriented schemes , such as retirement and children's funds, must carry a specified lock-in period. While these lock-ins would apply to new investments, existing investors would be exempt, it said. Second Scheme The regulator has proposed allowing asset management companies to launch a second scheme in an existing category, subject to conditions. The existing scheme would need to be at least five years old and have assets under management exceeding ₹50,000 crore. While the new scheme must have similar objectives and features, it should have a separate fund manager, and the existing scheme would stop accepting fresh subscriptions. "AMC may merge an existing scheme with an additional scheme if there is a significant decline in the AUM of the existing scheme," said the Sebi paper.
India.com
18-07-2025
- Business
- India.com
Mukesh Ambani to transform India's Mutual Fund industry, partners with world's largest asset manager, what is Jio BlackRock?
Mukesh Ambani JioBlackRock Asset Management, a 50:50 joint venture between Jio Financial Services and BlackRock, has received market regulator Sebi's approval to launch five mutual fund schemes. These funds are JioBackRock Nifty 50 index, JioBlackRock Nifty 8-13 yr G-Sec Index Fund, JioBlackRock Nifty Smallcap 250 Index Fund, JioBlackRock Nifty Next 50 Index Fund, and JioBlackRock Nifty Midcap 150 Index Fund, an update with Sebi showed on Wednesday. Of these five schemes, four are equity-oriented index funds while one is a debt-oriented index fund. JioBlackRock Mutual Funds NFO On July 7, JioBlackRock Asset Management announced the closure of its maiden New Fund Offer (NFO), recording a total investment of Rs 17,800 crore (USD 2.1 billion). The fund was mobilised from three cash/debt mutual fund schemes: JioBlackRock Overnight Fund, JioBlackRock Liquid Fund and JioBlackRock Money Market Fund. The three-day NFO received an overwhelming response from over 90 institutional investors and more than 67,000 retail investors. What is Jio BlackRock? Jio BlackRock is a digital-first asset management company, born out of a strategic partnership between Reliance Jio and global investment giant BlackRock. The venture wants to revolutionize the mutual fund landscape in India by combining Jio's vast telecom reach with BlackRock's investment want to make investing accessible to millions of Indians especially in Tier II and Tier III cities through mutual fund offerings. The platform plans to leverage Reliance's digital and financial ecosystem, like the Jio Finance app, which comes pre-installed on smartphones used by over 475 million Jio subscribers and gives direct access to investment products. Jio Blackrock Impact On India's Mutual Fund Industry India's mutual fund industry has been concentrated in metro cities. In 2017, the top 35 cities accounted for nearly 90% of total Assets Under Management (AUM). By March 2025, this figure dropped to 70%, showing a shift towards greater rural and semi-urban participation. Jio BlackRock wants to bridge the urban-rural divide and democratize access to wealth-building tools. Jio BlackRock's strategy focuses on two key pillars: Expanding retail participation through affordable Systematic Investment Plans (SIPs), reportedly starting from just ₹500 per month. Harnessing technology and behavioral nudges to cultivate long-term, consistent investment habits among users. (With Inputs From PTI)
Mint
18-07-2025
- Business
- Mint
Sebi proposes review of categorisation of mutual fund schemes to avoid overlap. Details here
The Indian capital markets regulator — Securities and Exchange Board of India (Sebi) — on Friday, July 18, released a proposal to review the categorisation of mutual fund schemes. The move is aimed at improving the clarity and addressing the issue of overlap in portfolios of schemes. The proposal came after Sebi said that it had noticed a significant overlap of portfolios in certain schemes. It was therefore felt necessary to introduce clear limits to the industry to avoid schemes with similar portfolios, Sebi added. In its consultation paper, Sebi suggested that mutual funds should be permitted to offer both Value and Contra funds, subject to the condition that no more than 50% of the schemes' portfolios would overlap at any point in time. The overlap condition shall be monitored at the time of NFO deployment and subsequently on a semi-annual basis using month-end portfolios, the markets regulator added. In case of more than permitted overlap, AMC shall rebalance the portfolios within 30 business days. An extension of up to an additional 30 business days may be obtained from the Investment Committee (IC) of the AMC. Reasons for granting the additional business days should be properly recorded and maintained. Endeavour shall be made to ensure that the scheme portfolio overlapping remains within 50% at all times, Sebi said. "If the deviation persists beyond this period, investors of both the schemes shall be given an exit option without any exit load," it proposed. The markets regulator also proposed that mutual funds shall be permitted to invest the residual portion in equity, debt (including money market instruments), gold & silver (instruments as permitted by SEBI), REITs and InvITs, subject to the ceilings laid out in MF regulations w.r.t the respective asset class, in the equity category schemes. Sebi has proposed changes to the naming conventions of debt schemes to improve investor clarity. It recommended replacing the term 'Duration' with 'Term' for better understanding. Additionally, the 'Low Duration Fund' should be renamed to 'Ultra Short to Short Term Fund' to more accurately reflect its investment objective. Sebi also suggested that each debt scheme's name should clearly indicate its investment horizon—for example, Overnight Fund (1 Day) or Medium Term Fund (3 to 4 Years). Additionally, Sebi proposed that mutual funds be allowed to launch sectoral debt fund subject to ensuring that no more than 60% of the portfolio in a sectoral debt scheme overlaps with any other sectoral debt scheme/debt category scheme, while also ensuring sufficient availability of investment-grade paper in the chosen sectors, and exempting such schemes from the sectoral exposure limits. Moreover, it said that mutual funds should be allowed to invest the residual portion of their debt category schemes in REITs and InvITs, except for the schemes with shorter duration, such as Overnight Fund, Liquid Fund, Ultra-Short Duration Fund, Low Duration Fund, and Money Market Fund. Another Sebi proposal suggested that Arbitrage Fund category scheme should be allowed to take exposure in debt instruments only in government securities with a maturity of less than one year and in repos backed by government bonds. For equity savings schemes, it suggested that net equity exposure and arbitrage exposure should be mandated between 15% and 40%. With respect to hybrid category schemes, mutual funds should be allowed to invest the residual portion in REITs and InvITs, except in Dynamic Asset Allocation and Arbitrage Funds. Furthermore, mutual funds should be permitted to offer different types of schemes within the solution-oriented category, offering varying mixes of equity and debt components. Sebi also recommended that mutual funds be allowed to offer solution-oriented life cycle fund of funds with a target date. These schemes could include lock-in features tailored for specific financial goals such as housing, marriage, and other objectives. Additionally, the schemes may offer varying lock-in periods, such as 3 years, 5 years, or 10 years, to suit different investor needs. Also, Sebi proposed a change in terminology, suggesting that the word 'fund' in scheme names be replaced with 'scheme'. For example, instead of 'Large Cap Fund', it should be referred to as 'Large Cap Scheme'. Overall, mutual fund offerings would continue to be grouped under five broad categories -- Equity-oriented schemes, Debt-oriented schemes, Hybrid schemes, Solution-oriented schemes, and Others. The Sebi has sought public comments till August 8 on the proposals.
