NFO Alert: Sundaram Mutual Fund announces launch of multi-factor fund
Sundaram Mutual Fund's Multi-Factor Fund NFO opens July 2, aiming for long-term capital growth via a rule-based strategy using factors like Quality, Growth, Momentum, and Value. The fund offers diversification, quarterly rebalancing, and targets superior risk-adjusted returns.
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Economic Times
14 hours ago
- Economic Times
NFO Update: JM Financial Mutual Fund launches large & mid cap fund
JM Financial Asset Management introduces the JM Large & Mid Cap Fund, an open-ended equity scheme investing in both large and mid-cap stocks. Open until July 18, the NFO aims to generate returns through high-quality growth stocks, leveraging the in-house GeeQ model. Satish Ramanathan highlights the blend's unique opportunity to cover the Indian economy, offering growth and lower volatility. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads JM Financial Asset Management has launched JM Large & Mid Cap Fund , an open ended equity scheme investing in both large cap and mid cap stocks The new fund offer or NFO is open for subscription and will close on July 18. The investment objective of the scheme is to generate returns by investing in high quality growth stocks with superior management quality and corporate governance investible universe has been created by leveraging the in-house GeeQ (Growth of Earnings and Earnings Quality) and flexibility are cornerstones of the portfolio strategy of the scheme. Navigating seamlessly between large and midcap opportunities, the scheme aims to capture growth without compromising on risk management to deliver consistent performance in changing market conditions, according to a press release by the fund house.'We are excited to launch our Large & Midcap Fund - offering the size and stability of one of India's biggest companies and the vitality of emerging India's Midcap companies. We believe this blend is a unique opportunity to cover all aspects of the Indian economy offering growth and lower volatility. We are confident of India's growth opportunity and believe that the best is yet to come,' said Satish Ramanathan, Chief Investment Officer - Equity, JM Financial Asset Management.'Large Cap indices offer companies that are champions in their space with lower cost of capital and access to technology and market reach. The flip side is that profit growth soon aligns to the country's GDP growth. Midcap companies offer emerging sectors in auto ancillary, manufacturing, defence, quick service restaurants with a longer runway of growth. Our large and midcap fund will aim to capture the growth and stability offered by this asset class,' Ramanathan added.'With our new Large & Midcap Fund, we bring together the stability and resilience of blue-chip giants and the growth potential of emerging leaders. This isn't just another Scheme- it's a powerful blend of scale and rapid growth, designed to seize tomorrow's opportunities. The Indian equity markets are undergoing a period of heightened volatility, where a product which has a return profile closer to midcaps and the risk profile closer to large caps could offer investors a better experience. We are confident that our growth and quality focused investment philosophy, a disciplined and process driven investment approach and a seasoned equity fund management team could help us navigate these turbulent times and create a resilient portfolio which may enable wealth creation for investors,' said Asit Bhandarkar, Senior Fund Manager - Equity, JM Financial Asset Bhandarkar and Deepak Gupta are the fund managers for this fund. Ruchi Fozdar will oversee the Debt portion of JM Large & Midcap Fund.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Hans India
a day ago
- Hans India
TRUST Mutual Fund Announces the Launch of TRUSTMF Multi Cap Fund
TRUST Mutual Fund is pleased to announce the launch of its latest offering – the TRUSTMF Multi Cap Fund, an open-ended equity scheme that will invest across large cap, mid cap, and small cap stocks. The New Fund Offer (NFO) opened on June 30, 2025, and shall close on July 14, 2025. Designed for investors seeking a diversified and disciplined approach to equity investing the fund offers a comprehensive solution with a focus on long-term capital appreciation and a balanced risk-return profile across market cycles. Key Highlights: · Minimum 25% allocation each to large, mid, and small cap stocks, ensuring consistent and structured diversification · 40–60 high-conviction stocks across market segments, backed by strong research and conviction · Benchmarked to NIFTY 500 Multi Cap 50:25:25 TRI, reflecting comprehensive market representation · Stock-picking approach focused on identifying potential high growth opportunities · A one-stop solution for diversified equity exposure within a single, well-structured investment vehicle · Potential High active share, a key factor for potential alpha generation Investment Philosophy The TRUSTMF Multi Cap Fund will follow a disciplined, research-backed investment process that will primarily focus on: • Terminal Value Investing • GARV (Growth at Reasonable Valuation) Approach India's evolving equity landscape—with over 1,140 listed companies having market capitalizations above ₹2,000 crore—offers an ideal playground for such a multi-dimensional strategy (source AMFI, December 24) Commenting on the launch, Sandeep Bagla, CEO, TRUST Mutual Fund, said: 'The TRUSTMF Multi Cap Fund is a strategic addition to our product suite. By committing to a disciplined allocation across market caps, the fund aims to blend stability, growth, and innovation. It aims to minimize timing biases and offers investors a robust platform for long-term wealth creation.' Mihir Vora, CIO, TRUST Mutual Fund, added: 'The power of compounding unfolds with patience and discipline. Our TRUSTMF Multi Cap Fund harnesses high-conviction ideas across segments using our robust and disciplined equity investment philosophy. This portfolio is built not just to perform through cycles, but to thrive amid India's structural growth story.' Aakash Manghani, Fund Manager – Equities, TRUST Mutual Fund, said: 'India's dynamic equity environment presents diverse opportunities. The TRUSTMF Multi Cap Fund takes a disciplined approach to capture these, aiming to deliver long-term wealth creation opportunities through deep research and market insight. Why Multi Cap? · Disciplined Diversification · Balanced Risk & Reward
Mint
a day ago
- Mint
DSP MF breaks new ground with India's first retail offshore fund from GIFT City
India's first retail-focused offshore mutual fund has quietly opened its doors—not from Mumbai, but from the country's nascent international finance hub, GIFT City. DSP Mutual Fund's new Global Equity Fund, launched on 2 June, allows Indian residents to invest as little as $5,000 in a diversified basket of global stocks—without relying on offshore brokerages, feeder funds, or cumbersome tax filings. It's the first open-ended mutual fund targeting retail investors to debut under GIFT City's updated 2025 framework, and a litmus test of whether the finance hub can truly broaden access beyond institutions and high-net-worth individuals. Mirae Asset Mutual Fund has also received similar approval from the International Financial Services Centres Authority (IFSCA) to launch retail-focused offshore funds, though it has yet to announce a specific product. More than just a regulatory first, DSP's new fund could help Indian asset managers reclaim outbound flows long dominated by foreign platforms. It offers a cleaner, tax-friendly alternative within India's regulatory perimeter. The DSP Global Equity Fund, currently in its New Fund Offer (NFO) phase, will accept inflows for up to six months, but is likely to close in 30–40 days. It can continue accepting investments even after the NFO closes. The fund will invest in 30–50 global companies across markets such as the US, Europe, Japan, South Korea, China, and Canada. Sebi cap workaround Unlike traditional mutual funds in India, DSP's fund is not constrained by the Securities and Exchange Board of India's (Sebi) $7 billion overseas investment cap, which has led to repeated inflow suspensions across global feeder schemes. Instead, the GIFT City-based fund uses the investor's own $250,000 annual quota under the Liberalised Remittance Scheme (LRS), a more resilient route for global exposure. Because it is domiciled at GIFT, the fund remains outside the Sebi ceiling and can continue accepting money even when the broader mutual fund industry is capped. The fund signals a shift in outbound capital flows, with domestic asset management companies (AMCs) attempting to reclaim ground long dominated by offshore platforms. 'This structure gives Indian investors a practical route to access global equities at a time when most domestic mutual funds are unable to invest abroad," said Abhishek Kumar, co-founder of SahajMoney and a Sebi-registered investment advisor. 'That said, since the fund has just launched and has no track record yet, it may be prudent to watch its performance for a while before committing capital." How it works—and who it's for The fund's stock selection is grounded in the principle of 'what will not change over the next 10 years." It will favour businesses demonstrating incremental innovation over dramatic disruption, prioritising firms with pricing power, durability, and high shelf life over rapid growth. DSP describes this as a focus on resilience over volatility. The portfolio will be managed by Natraj Shankarnarayanan, formerly of Quantum AMC, and Jayesh Jain, previously a long-short portfolio manager at Edelweiss AMC. 'The DSP Global Equity Fund enables both retail and high-net-worth individuals to invest in high-quality global businesses via the LRS route," said Kalpen Parekh, managing director and chief executive of DSP Mutual Fund. 'We are proud to be the first AMC to launch a retail fund on this route at GIFT City. This offering allows Indian investors to access companies with strong ROE, robust cash flows and attractive valuations globally—while staying aligned with the 'Make in India' vision by building this capability domestically." DSP already manages nearly $1 billion in assets at GIFT City, largely for offshore clients. This marks its first global product aimed squarely at Indian investors, positioned as a long-term vehicle for goals like children's overseas education or international travel. The fund is available in both Regular and Direct plans, with expense ratios ranging from 1.25% to 2.5% depending on investment size and distribution channel. Any Indian resident can invest in the fund under the Liberalised Remittance Scheme (LRS), subject to the $250,000 annual limit. NRIs are not eligible. Note: remittances above ₹10 lakh in a financial year will attract tax collected at source (TCS). The onboarding process is currently hybrid—investors must fill out a physical or emailed application form and submit KYC documents, either directly or through a distributor. These are processed by CAMS at GIFT City, which handles due diligence, AML checks, FATCA compliance, and customer verification. Once verified, the investor receives confirmation and units are allotted. A fully digital route is in development, but currently marked 'in process." Any mutual fund distributor registered with the Association of Mutual Funds in India (Amfi) can sell the fund. No additional registration with GIFT City's regulator IFSCA is required. Fee structure The fund offers four share classes: Retail investors A1 (Regular plan): 2.5% expense ratio B1 (Direct plan): 1.5% Institutional investors (min. $100,000) A2 (Regular): 2.25% B2 (Direct): 1.25% The structure rewards higher investments and direct participation with lower fees. One of the fund's main draws is its investor-level tax simplicity. Unlike traditional Indian mutual funds, capital gains are taxed at the fund level, not in the hands of the investor. If you redeem units within two years, the fund deducts tax at 42% (the highest marginal rate under the old regime). After two years, the fund applies a 12.5% long-term capital gains tax. There's no additional tax filing or declaration required from the investor. However, the fund itself pays tax on any internal churn: if it rebalances its portfolio within two years, the gains from that segment are taxed at 42%; gains on assets held longer are taxed at 12.5%. While retail participation is just beginning, GIFT City's offshore fund ecosystem is expanding rapidly. As of March 2025, funds based in GIFT's IFSC had invested $8.08 billion. That includes $4.52 billion from Category I and II AIFs, $3.52 billion from Category III AIFs, and $42.77 million from venture capital schemes. Commitments raised have surged 87% year-on-year, from $8.41 billion in March 2024 to $15.74 billion in March 2025, according to IFSCA data. If it succeeds, DSP's new fund could mark a turning point—not just for offshore investing, but for GIFT City's ambitions to become a gateway for global capital.
