Subbiah asks, “Dear Pattu Sir, ICICI Pru NASDAQ 100 Index Fund will be available for investing from next week (NFO period is from Sep 27 to Oct 11 2021). Can we buy this instead of MO Nasdaq 100 FOF or Kotak Nasdaq 100 FOF as it is a simple index fund?” ICICI Pru NASDAQ 100…

HDFC Developed World Indexes Fund of Fund is an open-ended fund of funds scheme investing in units/shares of overseas Index Funds and/or ETFs, which will, in aggregate, track the MSCI World Index. The fund is currently in its NFO stage. In this review, we shall discuss HDFC MF’s plan to invest in a basket of…

Nippon India Passive Flexicap FoF is an open-ended Fund of Funds (FoF) Scheme investing in units of ETFs/Index Funds of Nippon India Mutual Fund. In this review, we consider if it makes sense to invest in such a product. The FoF was launched in Dec 2020 and currently has an AUM of 212 crores (as…

Mirae Asset S&P 500 Top 50 ETF is an open-ended scheme replicating/tracking S&P 500 Top 50 Total Return Index. Mirae Asset S&P 500 Top 50 ETF Fund of Fund is an open-ended fund of fund scheme predominantly investing in Mirae Asset S&P 500 Top 50 ETF. Both products have an NFO period of 1st September…

SBI Balanced Advantage Fund is an open-ended dynamic asset allocation fund benchmarked to the CRISIL Hybrid 50+50 – Moderate Index TRI. In this review, we discuss what investors need to know before considering an investment in this NFO. A balanced advantage fund is one that dynamically changes its asset allocation as per market conditions. There…

Nippon India Multi-Asset Fund is an open-ended scheme investing in Equity (including international equity), Debt and Exchange Traded Commodity Derivatives and Gold ETF.  In this review, suggested by Basudeb Roy, we consider if it makes sense to use this fund as the core component of a portfolio. The fund was started in Aug 2020, so…

HDFC NIFTY50 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, Nifty 500 are examples…

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,…

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…