Kotak Global Innovation Fund of Fund is an open-ended fund of fund investing in Wellington Global Innovation Fund (or any other similar overseas mutual fund schemes/ETFs). The fund of fund is currently in its NFO period (closing 22n July 2021). The scheme mandate of the underlying fund – Wellington Global Innovation Fund – seeks long-term capital…

DSP US Flexible Equity Fund is an open-ended fund of fund scheme investing in BlackRock Global Funds – US Flexible Equity Fund (the underlying fund). The scheme was launched in Aug 2012 and now has an AUM of about Rs. 474 crores. BlackRock Global Funds – US Flexible Equity Fund has a mandate to invest…

DSP Value Fund is an open-ended equity scheme following a value investment strategy. That is, it will try to buy “equity and equity-related or fixed income securities which are currently undervalued”. The fund was launched on Dec 10th 2020. So it only about seven months old and has an AUM of Rs. 476.23 crores as…

This article reviews PGIM India Midcap Opportunities Fund, yet another fund to see an AUM boom over the last few months, along with Quant Active Fund and Quant Small Cap Fund. Readers may recall our recent report that PGIM India Midcap Opportunities Fund’s AUM grew by 1212% between March 31st 2020 and May 31st 2021,…

Navi Nifty 50 Index Fund is an open-ended fund tracking the Nifty 50. Its initial total expense ratio for the direct plan is expected to be 0.06%. This article discusses if it makes sense to invest in this new fund offer based on its low fees alone. The NFO period is between July 3rd 2021, to 12th July…

In this article, we review ICICI Prudential Flexicap Fund, an open-ended dynamic equity scheme investing across large cap, mid cap & small cap stocks. The NFO period of this fund is between June 28, 2021, to July 12, 2021. Why ICICI Prudential Flexicap Fund? As usual, some history is necessary to establish context. Prior to…

This week, we review Quant Small Cap Fund, which saw a 32844% increase in its AUM between March 2020 and May 2021! Almost all of its current AUM of Rs. 504 crore came during this period! The fund has delivered 178.5% returns in the last year, but what is baffling  is, the increase in AUM…

In this article, we review Quant Active Fund, which seems to have caught the attention of young DIY investors.  Why has it caught the attention of investors? Returns! It is always returns! And in particular the last one year return, without any regard to the fund’s history. Quant Active Fund has delivered 96.1% returns in…

Axis Quant Fund is an open-ended equity scheme following a quantitative model. The fund is currently in its NFO period: 11th June to 25th June 2021. In this review, we discuss the model used by the fund and whether it makes sense to invest in this. A quant fund uses a mathematical model to either…

Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund is an open-ended scheme tracking the Nifty 50 Equal-Weight TR Index. In this review, we analyse the performance of the underlying index by comparing it with NIfty 50 and Nifty Next 50 total return indices. What is an equal-weighted index?  The NIfty, Sensex, Nifty 100,…

This is a review of Axis Global Innovation Fund of Fund, an open-ended fund of fund scheme investing in Schroder International Selection Fund Global Disruption (aka underlying fund). The NFO period is between 10th to 21st May 2021. Just eight months ago, the AMC had launched the Axis Global Equity Alpha Fund of Fund that…

This is a review of Parag Parikh Conservative Hybrid Fund, an open-ended hybrid scheme investing predominantly in debt instruments. The scheme NFO period is between 7th to 21st May 2021. Classified as a conservative hybrid fund, the scheme will invest 10% to 25% of its assets in equity and 75% to 90% in bonds. The…

This is a review of ICICI Prudential Nifty Low Vol 30 ETF FOF, an open-ended fund of funds scheme investing in ICICI Prudential Nifty Low Vol 30 ETF. We try to answer two main questions that investors should ask before considering an investment in this FOF. They are: 1: Does low volatility investing work? If…

In this article, we review the Edelweiss Greater China Equity Off-shore Fund. This is an open-ended fund of fund scheme investing in JPMorgan Funds – Greater China Fund (the underlying fund). JPMorgan Funds – Greater China Fund is an equity fund investing primarily in a diversified portfolio of domiciled companies in, or carrying out the…