Nfo

ICICI Prudential MF to float energy-focused fund; NFO to open on July 2

ICICI Prudential Mutual Fund is set to float its new scheme focusing on the energy sector on Tuesday, a move that will provide investment opportunities in this space. The energy theme involves a wide range of industries, including oil & gas, bio energy value chain, and lubricants, among others. The new fund offer (NFO) of ICICI Prudential Energy Opportunities Fund will open on July 2 and conclude on July 16, the MF house said. "With the ongoing transition towards renewable energy and the government's focus on achieving net-zero emissions, the energy theme offers significant growth potential. Through this scheme, investors can gain access to a diversified portfolio of companies across the energy value chain," ICICI Prudential MF CIO Sankaran Naren said. The open-ended scheme aims to generate long-term capital appreciation by investing predominantly in equity and equity-related instruments of companies engaged in traditional and new energy industries as well as allied businesses.

Samco Asset Management eyes Rs 500 cr from special opportunities fund

Samco Asset Management expects to mop up Rs 500 crore from its new fund offer that tracks long-term capital growth through undervalued or overlooked opportunities, a top company official said on Thursday. The new fund offering (NFO) would open on May 17 and conclude on May 31. In an interaction with PTI, Umeshkumar Mehta, Chief Investment Officer of Samco Mutual Fund, said the objective of the fund is to achieve long-term capital appreciation by investing in a portfolio of securities "that are involved in 10 special situations". These "situations" include digitisation, spin-offs & corporate actions, reform-based strategy, undervalued holding companies strategy, trends sustainable over time, innovation & technological disruption, and new & emerging sectors. These 10 sub-strategies define the "disruption" model and are weaved around different corporate actions. These situations often create mispricing and undervalued opportunities that the fund aims to exploit for potential .

Equity mutual fund flows hit two-year high on NFOs and robust SIPs

Smallcap schemes see moderation in flows as Sebi takes stock of risks

SBI MF energy fund collects Rs 6,700 crore in new fund offering period

According to the fund house, the scheme received flows from across the country through nearly half a million applications

Axis Mutual Fund launches Sensex index fund, aims Rs 100 cr NFO collection

Axis Mutual Fund on Tuesday announced the launch of a new fund from which it targets to collect at least Rs 100 crore during the primary subscription period. The Axis Sensex index fund is an open-ended scheme tracking the S&P BSE Sensex, and opens on February 8 and closes on 22nd. Considering the wide spectrum of sectors and the largest companies the index covers, it offers investors a diversified portfolio and an opportunity to participate in the growth story of various sectors with a single index, said B Gopkumar, MD & CEO. On the rationale behind the fund, he said passive investing is becoming more and more acceptance today and the new fund recognises the need to provide an investment option that aligns with the evolving preferences of today's investors. Ashish Gupta, Chief Investment Officer told PTI that the fund house is targetting to raise at least Rs 100 crore during the subscription period.

Mutual fund industry collects Rs 63,854 crore capital through NFOs in 2023

Asset management companies launched 212 new fund offerings mobilising Rs 63,854 crore in 2023, marginally higher from previous year, on the back of significant uptrends in broader markets. In comparison, Asset Management Companies (AMCs) garnered Rs 62,187 crore through 228 New Fund Offerings (NFOs) in 2022. Further, they collected Rs 99,704 crore in 2021 and Rs 53,703 crore in 2020, according to data compiled by Morningstar India. "The trend towards the financialisation of assets in India is unmistakable. Aligned with changing consumption behaviours and a need for a higher standard of living, investors recognise the importance of long-term investing. The COVID-19 pandemic underscored the necessity for financial planning and the creation of liquid assets to address emergencies and pave the way for wealth-building," FYERS Research said in its report. It further said that "despite indices exhibiting strength, propelled by robust economic activity, steady GST collections, and confidenc

SBI MF's dividend yield fund collects over Rs 3,600 crore during NFO

NFO receives around 123,000 applications from over 70% of pincodes in India, the fund house says

SBI Mutual Fund launches dividend yield fund, NFO open till March 6

The scheme will target aggregate dividend yield that is at least 50 per cent higher than the Nifty 50 index

Losing steam: Average NFO collection slumps in FY23, shows data

At Rs 260 crore, average amount mobilised per new fund offer 57% below last financial year's tally

Fund houses set to launch a slew of target maturity funds in coming months

Nearly 40% NFOs filed since July are for these passive debt funds

Target maturity funds are better than FMPs for locking in returns

They are more transparent and control both interest-rate and credit risk

DSP Mutual Fund launches global NFO: Check details here

The key investment theme would be identifying companies that have innovative thinking

Mutual Funds float a dozen NFOs so far this year on broader market recovery

Experts say broader market recovery can lead to higher mobilisation of assets

Equity NFOs pick up as market rally

Second half of FY17 saw a sudden surge in these, mainly in closed-end category

Equity NFOs reduced to a third in 2016

Against 63 new schemes last year, segment offered only 19 funds, raising a paltry Rs 1,895 crore

Closed-end funds give fund managers time to perform

In the absence of redemption pressures, they can pick multi-baggers. But, investors have to reconcile themselves to lower liquidity