Mahindra Manulife Mutual Fund NFO: Your Essential Guide to the Vital Details

24 Aug 2023 , 10:16 AM

Mahindra Mutual Fund is launching NFO under its “sectoral category”, named as Mahindra Manulife Mutual Fund. This open-ended fund aims to generate long-term capital appreciation by investing in equity and equity related securities with a focus on identifying and investing in business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy.

Investment strategy: The portfolio management would involve active allocation between sectors and stocks based on the stages of business cycles in the economy as business growth for various sectors have a lead or a lag effect vis a vis economy.

Asset allocation: The scheme will predominantly invest in equity and equity related securities of companies at different stages of business cycles in the economy.

Who should invest?

Investors with very high risk appetite and want to invest for 5 to 7 years in business cycle based theme companies should invest in Mahindra Manulife Mutual Fund. 

Risk associated: Very high level of risk.

Benchmark: NSE 500 TRI.

Fund Managers: Mr. Krishna Sanghavi, Mr. Renjith Sivaram Radhakrishnan and Mr. Kush Sonigara.

The NFO is available for subscription from August 21 to September 4. 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 Mutual Fund.