Mahindra Manulife Multi Asset Allocation Fund NFO: Essential details you need to know

20 Feb 2024 , 03:11 PM

Mahindra Manulife Mutual Fund is launching NFO under its “hybrid category”, named as Mahindra Manulife Multi Asset Allocation Fund. The investment objective of the scheme is to generate long-term capital appreciation and income by investing in equity and equity related securities, debt & money market instruments, Gold/Silver ETFs and Exchange Traded Commodity Derivatives (ETCDs) as permitted by SEBI from time to time.

Investment strategy: The actual percentage of investment in asset classes will be decided after considering the prevailing market conditions, the macroeconomic environment (including interest rates and inflation), the performance of the corporate sector, the equity markets and general liquidity and other considerations in the economy and markets.

Asset allocation: The scheme aims to invest in a portfolio in equity and equity related instruments, debt and money market instruments, units of Gold/Silver Exchange Traded Funds (ETFs) and Exchange Traded Commodity Derivatives.

Who should invest?

Investors with very high risk appetite and want to invest for 5 to 7 years to diversify their portfolio in manufacturing stocks should invest in Mahindra Manulife Multi Asset Allocation Fund. 

Risk associated: Very high level of risk.

Benchmark: 45% NIFTY 500 TRI + 40% CRISIL Composite Bond Index + 10% Domestic Price of Physical Gold +5% Domestic Price of Silver (First Tier Benchmark).

Fund Managers: Mr. Renjith Sivaram Radahkrishnan, Mr. Rahul Pal and Mr. Pranav Nishith Patel

The NFO is available for subscription from February 20 to March 05. The schemes will reopen for continuous sale and repurchase within five Business Days from the date of allotment. The fund offers systematic investment solutions like SIP and SWP to create a flexible investment plan. The minimum subscription amount is Rs 1000/- and in multiples of any amount thereafter. 

It offers Regular Plan and Direct Plan. Each plan offers Growth and Income options. Click here to invest in Mahindra Manulife Multi Asset Allocation Fund.