Sundaram LT MC Tax Advantage Fund-Sr.VI-Dir (IDCW)

This actively managed fund aims to balance risk and return by tactically allocating capital across three distinct asset classes: equities for growth, fixed income instruments for stability, and precious metals like gold and silver for hedge and diversification. The strategy is rooted in the philosophy that asset classes perform differently across market cycles, and combining them can reduce overall portfolio volatility while enhancing return potential over the long term.

The fund will be available in both Growth and Income Distribution cum Capital Withdrawal (IDCW) options. The minimum investment required is Rs 1,000, with an exit load of 1% if more than 10% of units are redeemed within 12 months. There is no lock-in period, making it a flexible choice for investors. However, the fund carries a high-risk rating, which is typical for products involving equity and commodity exposure.

In terms of performance benchmarking, the scheme will track a custom index comprising 45% NIFTY Composite Debt Index, 30% domestic gold and silver prices, and 25% BSE 500 Total Return Index. This diversified benchmark is reflective of the fund’s allocation strategy and serves as a relevant yardstick to evaluate performance across asset categories.

The fund is managed by Mayur Patel, under the stewardship of 360 ONE Asset Management.

With its cross-asset strategy, the 360 ONE Multi Asset Allocation Fund is tailored for investors looking to participate in multiple market opportunities within one structured product.

Details of Mr. Khush Paras Semlani

Age: 24 years

Designation: Dealer - ETF

Qualification: Chartered Accountant

Experience: 1 Year

Positioned as a passive solution for long-term investors, the fund seeks to provide broad exposure across equity, debt, and commodities by investing in four exchange-traded funds. These include ETFs tracking the Nifty 100 for large-cap equities, the Nifty Midcap 150 for mid-cap equities, gold ETFs for commodity exposure, and government securities (G-sec ETFs) for fixed-income allocation. The fund will follow a pre-defined mix of 30% large-cap, 30% mid-cap, 25% gold, and 15% G-secs.

The investment strategy is designed to offer better risk-adjusted returns by combining asset classes that historically have low correlation with each other. This approach aims to minimise overall portfolio volatility while capturing growth from equities and hedging against uncertainty through gold and government bonds. The internal rebalancing of the fund, done without triggering capital gains taxes, is expected to enhance post-tax returns for long-term investors.

As per the fund presentation, the Zerodha Multi Asset Passive Fund of Fund (FoF) has delivered a simulated Compound Annual Growth Rate (CAGR) of 14.5% over the 10-year period between 17 July 2015 and 18 July 2025, based on its intended asset allocation across equity large-cap and mid-cap ETFs, gold, and G-sec ETFs. During the same period, the volatility of the fund's intended exposure stood at 10.5%, which is lower than the individual volatilities of Nifty 100 TRI, Nifty Midcap 150 TRI, and Gold.

Managed by Kedarnath Mirajkar, the fund has a minimum investment requirement of just Rs 100, making it an accessible choice for investors at all levels. According to Zerodha, this fund suits individuals who prefer a hands-off, tax-efficient investment that automatically adjusts to market movements while staying rooted in a disciplined asset allocation framework.

The fund is scheduled to reopen for continuous repurchase and sale from 21 August 2025, and will be available on leading mutual fund platforms.

The open-ended fund is designed to invest in special situations, unique market events that can unlock long-term capital appreciation. These include corporate restructuring, mergers and acquisitions, regulatory changes, policy shifts, disruptive innovation, sectoral shifts, and temporary crises impacting specific companies or industries.

The scheme is benchmarked against the Nifty 500 Total Return Index and follows MOMF’s signature QGLP framework, focusing on Quality businesses with Growth potential, Longevity, and available at a reasonable Price. The fund will employ a focused, high-conviction, actively managed strategy, concentrating on equities and equity-related instruments likely to benefit from transformational events.

The equity component will be jointly managed by Ajay Khandelwal, Atul Mehra, and Bhalchandra Shinde, while Rakesh Shetty will manage the debt component and Sunil Sawant will handle overseas securities.

The fund is aimed at long-term investors seeking exposure to special-situation-driven opportunities and is suitable for those willing to ride through short-term volatility for potential structural gains.

Prateek Agrawal, managing director (‘MD’) and chief executive officer (‘CEO’) at Motilal Oswal Asset Management Company Ltd (MOAMC), said, "The Motilal Oswal Special Opportunities Fund is intended for investors seeking to benefit from evolving market dynamics driven by special situations such as policy reforms, corporate actions, and structural shifts across sectors. Leveraging our research-led QGLP investment framework, the fund seeks to build a focused portfolio of companies navigating such transitions, with an emphasis on long-term capital appreciation."

Ajay Khandelwal, fund manager at MOAMC, added, "Manufacturing, services, FDIs, and exports are expected to grow significantly, supported by structural reforms like PLI, RERA, and Atmanirbhar Bharat. We believe that corporate actions and macro shifts may continue to create special opportunities capable of disrupting markets. The fund will follow a blend of bottom-up stock picking and top-down analysis to identify companies navigating such transformative phases. This may span sectors like chemicals, EMS, infrastructure, defence, hospitality, healthcare, and IPO-bound firms. As growth-oriented managers, our aim is to align with India’s evolving economic landscape and seek long term capital appreciation."

Change in Fund Manager:

Details of Mr. Sankalp Anil Jain

Age: 34 years

Designation: Dealer - Fixed Income

Qualification: Chartered Accountant, Chartered Financial Analyst, Bachelor of Commerce

Details of Ms. Gayatri Kannan

Age: 34 years

Designation: Vice President & Compliance Officer

Qualification: Chartered Accountant, Company Secretary, FRM (GARP US), B. Com

Experience: 8 years

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ICICI Prudential Exports & Services Fund:

Regular Plan – IDCW: 3.30

Direct Plan – IDCW: 3.30

ICICI Prudential Focused Equity Fund:

Regular Plan – IDCW: 2.36

Direct Plan – IDCW: 2.36

In its latest circular, the Securities Exchange Board of India (SEBI) has issued a mechanism for monitoring compliance with minimum investment threshold under Specialized Investment Funds (SIF).

SIFs are a new category that lets mutual funds launch advanced strategies through open-ended, close-ended or interval schemes. To participate, each investor must keep at least Rs 10 lakh invested at all times.

For the purpose of SIF, the ‘active breach’ shall mean fall in the aggregate value of an investor’s total investment across all investment strategies of SIF, below the minimum investment threshold of Rs 10 lakh, on account of any transactions (i.e. redemption, transfer, sale etc.) initiated by the investor.

According to the market regulator’s circular, in case of any active breach of the minimum investment threshold by an investor, including through transactions on stock exchanges or off-market transfers, all units of such investors held across investment strategies of the concerned SIF shall be frozen for debit.

Additionally a notice of 30 calendar days shall be given to such investors to rebalance the investments in order to comply with the minimum investment threshold.

The circular further stated that in case an investor rebalances his/her investments in SIF within the notice period of 30 calendar days, the units of SIF of such investor shall be unfreezed, and no further action shall be taken with regard to compliance with minimum investment threshold.

On the other hand, in case the investor fails to rebalance the investments within the aforesaid 30 calendar day period, the frozen units shall be automatically redeemed by the AMC, at the applicable net asset value (NAV) of the next immediate business day after the 30th calendar day of the notice period.

SEBI has asked asset management companies (AMCs), registrars, depositories, stock exchanges, and clearing corporations to put systems in place immediately to monitor these thresholds daily.

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Invesco India Balanced Advantage Fund – Regular IDCW Option & Direct IDCW Option: 0.26

ICICI Prudential Multi - Asset Fund:

Regular Plan – IDCW: 0.1600

Direct Plan – IDCW: 0.1600

ICICI Prudential Equity - Arbitrage Fund:

Regular Plan – IDCW: 0.0500

Direct Plan – IDCW: 0.0500

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