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Tuesday, November 27, 2018

Mutual Fund NFO – Indiabulls Equity Hybrid Fund details and review

New Fund offer by Indiabulls, let us have a look at the details of the offer.

Mutual Fund
Indiabulls Mutual Fund
Scheme Name
Indiabulls Equity Hybrid Fund
Objective of Scheme
The Scheme seeks to generate periodic return and long-term capital appreciation from a judicious mix of equity and debt instruments. However, there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.
Scheme Type
Open Ended
Scheme Category
Hybrid Scheme - Aggressive Hybrid Fund
New Fund Launch Date
22-Nov-2018
New Fund Earliest Closure Date
06-Dec-2018
New Fund Offer Closure Date
06-Dec-2018
Indicate Load Separately
Entry Load: Not Applicable Exit Load: •
Minimum Subscription Amount
Rs. 500 and in multiples of Re. 1 thereafter

Source - Amfi 

What is a Mutual Fund NFO - A new fund offer occurs when a fund is launched, allowing the firm to raise capital for purchasing securities. Mutual funds are one of the most common new fund offerings marketed by an investment company. The initial purchasing offer for a new fund varies by the fund’s structuring.

Important part of the SID Scheme Information Document

Type of scheme - An open ended hybrid scheme investing predominantly in equity and equity related instruments. Hybrid Fund would have an equity allocation of 65% - 80% & debt allocation of 20% - 35%. The scheme aims at providing dual benefit of Wealth generation through investment in equities and lower volatility through investment in debt.

Investment Objective -  To generate periodic returns and long term capital appreciation from a judicious mix of equity and debt instruments. However, there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.The scheme will offer both direct and regular opton

Where will the scheme invest?

·         In the equity segment, fund intends to invest in Automobile, Banking, Financial Services, Metals and Energy. In the defensive side, it intends to invest in FMCG, IT and Pharma.
·         In the debt segment it intends to buy AA and above rated debt papers. The portfolio allocation likely to be 20-35%

Who will manage the fund?

The fund management includes the following team members-
Fund Manager
Brief Experience

Sumit Bhatnagar

Head Equity (For Equity Segment)

Age – 40 years

Qualification - MBA (Univ. of Toronto), CFA (USA)
Mr. Sumit has 15 years of experience in Banking
& Capital Markets. Prior to joining Indiabulls, he
has worked with SEBI for close to 4.5 years in
Investment Management Department. He has also worked in Banking Industry in retail and
corporate assets. Sumit has been with Indiabulls
since February 2009.
Vikesh Gandhi

Age – 41 years

Qualification – M.Com, University of Mumbai, MBA (Finance
& Accounting), University of
Hartford, USA
Mr. Veekesh Gandhi has more than 10 years of
experience in the field of finance. He was earlier
associated with DSP Merrill Lynch Ltd, SSKI
Securities and Motilal Oswal Securities, wherein
he was responsible for tracking the BFSI sector
and research on investment ideas.
Malay Shah

Age – 39 years

Qualification – B.Com, MMS Finaance
Mr. Malay Shah has 15 years of experience in the
field of finance. He has exposure to Debt –
Dealing and Fund Management. Prior to joining
Indiabulls Mutual Fund, he was working in the
capacity of Head – Fixed Income with Peerless
Funds Management Co. Ltd, managing all the
debt Schemes.

Mymoneystreets Take –
Indiabulls Mutual Funds, is one of the fast-growing young Mutual Fund company with an AUM of about 10 thousand crore. Indiabulls Mutual Fund was launched in the year 2008. Indiabulls Mutual Fund has 4 existing equity funds and 7 debt-oriented funds in the kitty. The fund is suitable for investors with moderate to high-risk appetite with an investment outlook of 5-8 years horizon, highly recommend the SIP mode for the investment.

This category has many funds who are doing well. It is just one more addition. However, Fund managers well equipped to get good value to the investors. The view on investing this fund is neutral.

Read the SID carefully before investing, if you are a new investor, take suggestions from a financial advisor.

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