Page 18 - Banking Finance September 2022

MUTUAL FUND

Navneet Munot, Managing Director IDFC Mutual Fund launches The WhiteOak Capital Mid Cap Fund
and Chief Executive Officer, HDFC As- will allow lumpsum investments only
Nifty 200 Momentum 30 In-
set Management said, "HDFC AMC has during the NFO period. The scheme will
always maintained an investor-first dex Fund take investments only via SIP after the
approach offering our clients with the NFO period. According to a press re-
IDFC Mutual Fund has launched IDFC
most effective solutions while launch- lease, WhiteOak Capital Mid Cap Fund
Nifty200 Momentum 30 Index Fund, an
ing products. This Fund will provide in- open-ended index scheme that will will invest nearly 65% of the portfolio
vestors an opportunity to enhance in Mid-cap stocks. The remaining allo-
consist of 30 high momentum large and
portfolio diversification by investing in cation will be towards both large caps
mid-cap stocks replicating the Nifty200
a metal with a differentiated risk-re- (for liquidity purposes) and small caps
Momentum 30 Index. Investment can
turn profile." (to capture some compelling opportu-
be made through licensed mutual fund
nities). The fund is benchmarked
The fund house says that investing in distributors, advisors, and online plat-
against S&P BSE Midcap 150 TRI.
silver can be beneficial due to its mul- forms as well as directly on the IDFC
tipurpose utility in industrial activities MF website.
such as portable devices, industrial Tata Mutual Fund launches
Vishal Kapoor, CEO, IDFC AMC, said,
equipment, Electric Vehicles, mobility, "Momentum investing has proven to Tata Housing Opportuni-
energy production and telecom. Silver
be a highly rewarding factor strategy
demand outlook is robust on account ties Fund
over the last several years. It has also
of higher adoption in new age and Tata Mutual Fund has launched Tata
outperformed the broader indices, for
green technologies. Along with the Housing Opportunities Fund, an
instance, the Nifty200 Momentum 30
above, it is also a precious metal which openended equity scheme following
Index has outperformed the Nifty 100,
hedges against currency depreciation the housing theme.
and Nifty 200 indices in 8 out of the last
since it is globally priced.
10 calendar years. It follows a struc- Tata Housing Opportunities Fund is an
tured, quantitative-led process of buy- open-ended fund that will invest in a
Baroda BNP Paribas Mu- ing securities when their price is rising, portfolio of companies that mainly sup-
tual Fund mobilises Rs and importantly, selling them when ply the materials, products, and services
prices appear to have peaked. Histori- that go into building a house. This is an
1,400 crore from flexi-cap cally, returns per unit of risk for the opportunity to potentially create wealth
scheme NFO momentum index have been higher for your future, by investing in compa-
than broader indices. The diversifica- nies whose products you may purchase.
Baroda BNP Paribas Mutual Fund said
tion offered through this differentiated
it has collected over Rs 1,400 crore "A house is one of the most cherished
investment style, through a cost-effi-
from its flexi-cap scheme during the investments that we make. And this
cient Index Fund, makes our fund an
New Fund Offering (NFO) period. could be an opportunity to potentially
attractive opportunity for smart, long- generate long term wealth from such
The scheme Baroda BNP Paribas Flexi
term equity investors." investments. This is a more structural
Cap Fund is an open-ended dynamic
offering rather than a time-bound tac-
equity scheme investing across large
WhiteOak Capital Mutual tical portfolio. Many of the companies
cap, mid cap, small cap companies.
Fund launches Mid Cap that fit into this theme also benefit
This is the first new fund offered by
from the demographic dividend of our
Baroda BNP Paribas Asset Manage- Fund, Tax Saver Fund
country in the form of a rising per-
ment India after the merger of Baroda WhiteOak Capital Mutual Fund has capita incomes, increasing
Asset Management India into BNP
launched two schemes - WhiteOak urbanisation, rising middleclass,
Paribas Asset Management India.
Capital Mid Cap Fund and WhiteOak nuclear families, young and educated
"Over 42,000 investors from more than Capital Tax Saver Fund. These are workforce etc. Thus, the portfolio
120 cities across India have posed their open-ended equity schemes. Both regu- would qualify as a good longterm in-
faith in our very first NFO after the lar and direct plans will be available for vestment," said Tejas Gutka, the fund
merger. investors in both the funds. manager.

18 | 2022 | SEPTEMBER | BANKING FINANCE