Page 16 - Banking Finance August 2025

MUTUAL FUND

launched two innovative factor-based SEBI Proposes Mutual ing new diversification avenues for in-
index funds: the BSE 500 Momentum 50 vestors.
Index Fund and the BSE 500 Quality 50 Fund Norm Overhaul to
Index Fund. These funds aim to give in- Ensure Clarity and Reduce The proposals are part of SEBI's ongo-
vestors rule-based, passive exposure to ing efforts to improve investor protec-
equities with targeted strategies based Overlap tion, streamline offerings, and prevent
on momentum and quality factors. The Securities and Exchange Board of duplication in fund strategies. The
regulator is likely to consult stakehold-
Open for subscription until August 4, India (SEBI) is proposing significant ers before finalising the framework,
both New Fund Offers (NFOs) have a changes to mutual fund scheme cat- which could reshape how fund houses
minimum investment requirement of egorization to address issues of port- structure and market their schemes.
Rs. 500. Investors can also opt for sys- folio overlap and enhance transpar-
tematic investment plans (SIPs) start- ency. The initiative aims to ensure that
ing at Rs. 500 monthly. Managed by mutual fund names are "true-to-label" DSP Launches Endurance
Priya Sridhar, these schemes are de- and reflective of the underlying asset SIF to Target Experienced
signed to appeal to retail investors mix, reducing confusion for retail inves-
seeking long-term capital growth with Investors
tors.
a strategic edge. DSP Mutual Fund has launched Endur-
Among the proposed changes is the
The Momentum 50 fund focuses on ance SIF, a Specialized Investment
potential permission for asset manage-
the top 50 performers from the BSE ment companies (AMCs) to launch a Fund (SIF) platform tailored for sea-
500 universe, adjusted quarterly to soned investors seeking bespoke strat-
capture market trends. Meanwhile, second scheme within the same cat- egies within a disciplined regulatory
the Quality 50 fund will emphasize fun- egory-provided it meets distinct invest- framework. The initiative marks the
damentally strong stocks with consis- ment criteria. SEBI is also considering creation of a distinct business vertical
tent earnings. These launches rein- allowing a portion of mutual fund as- under DSP Asset Managers Pvt. Ltd.,
force Aditya Birla's push into smart sets to be invested in Real Estate In- bridging the gap between mutual
beta strategies in the Indian passive vestment Trusts (REITs) and Infrastruc- funds and portfolio management.
investment space. ture Investment Trusts (InvITs), open-
Endurance SIF aims to apply first
principles of investing and risk manage-

360 ONE Overnight Fund Mobilizes Rs. 200 Crore in ment, offering an absolute returns
approach that encourages long-
NFO term compounding. Drawing upon
360 ONE Mutual Fund successfully raised over Rs. 200 crore during the New DSP's 28-year mutual fund legacy and
Fund Offer (NFO) of its 360 ONE Overnight Fund, which remained open from 12 years of global hedge fund experi-
July 1 to July 9. Targeting corporates, high-net-worth individuals (HNIs), and ence, the platform seeks to deliver so-
retail investors, the scheme provides a low-risk, highly liquid solution for phisticated solutions for high-net-
short-term surplus deployment. worth investors.
Now open for continuous sale and repurchase from July 14, the fund re- "Investing must be approached with
quires a minimum investment of Rs. 5,000 with no exit load. "The strong sound design, long-term vision, and
investor response validates the demand for simple, low-risk instruments in principle-based discipline," said Kalpen
volatile markets," said Raghav Iyengar, CEO, 360 ONE Asset.
Parekh, MD & CEO, DSP Mutual Fund.
The open-ended debt scheme focuses on overnight instruments such as The fund house emphasized that its SIF
TREPs, reverse repos, treasury bills, certificates of deposit, and commercial offerings are aligned with this philoso-
papers. Suitable for investment horizons of one day to one month, the fund phy, bringing evolved, innovation-
is designed to deliver reasonable returns while preserving liquidity, catering driven products without compromising
to investors who prioritize stability over complexity in uncertain financial
on regulatory integrity or investor pro-
climates.
tection.

BANKING FINANCE | AUGUST | 2025 | 15