Share:

Kotak Mahindra Asset Management Company Limited has launched a new fund offer for  Mahindra Manulife Asia Pacific REITs FOF. The fund is open for subscription between September 28, 2021, and October 12, 2021.

Read on to find out more about the NFO. 

Investment Objective

Mahindra Manulife Asia Pacific REITs FOF is an open-ended fund of fund scheme investing in Manulife Global Fund – Asia Pacific REIT Fund.

Invest in direct mutual funds

  • Enjoy 0% commission
  • SIP starting at ₹500

Indicative Asset Allocation

Types of Instruments  Indicative allocation  

(% of total assets) 

Risk Profile
Minimum Maximum
Units/shares of Manulife Global Fund – Asia Pacific REIT Fund, an overseas fund primarily investing in real estate investment trusts (REITs) in the Asia Pacific ex-Japan region. ^ 95% 100% Medium to High
Debt and Money Market Securities (including TREPS (Tri-Party Repo), Reverse Repo) and/or units of liquid schemes 0% 5% Low to Medium 

^ Investors are requested to note that shares of Manulife Global Fund – Asia Pacific REIT Fund, should be considered as units of the Fund.

Fund Details

Scheme name Mahindra Manulife Asia Pacific REITs FOF  
Type of scheme An open ended fund of fund scheme investing in Manulife Global Fund – Asia Pacific REIT Fund.
NFO Dates September 28 –  October 12, 2021.
Fund Managers Mr. Amit Hiremath, Mr. Amit Garg
Benchmark FTSE EPRA Nareit Asia ex Japan 

REITs Index

Minimum Amount for Application during NFO Rs. 5,000/- and in multiples of Rs. 1 for after that
Minimum Additional Purchase Amount Rs. 1000/- and in multiples of Re. 1 for after that
Minimum Redemption/Switch-Out Amount Rs. 1,000/- or 100 units or account balance, whichever is lower.
Load a) Entry Load: N.A

b) Exit Load: 

On or before completion of 24 months: 10% of the units allotted shall be redeemable without any exit load.

Otherwise:

An exit load of 1% is payable if units are redeemed/switched out on or before completion of 12 months

0.5% if units are redeemed/ switched-out between 12 months to 24 month 

Nil – If Units are redeemed / switched-out after completion of 24 months from the date of allotment of units.

Plans Direct and Regular
Options Growth, Income Distribution cum Capital Withdrawal Option / IDCW Option.
Minimum SIP Amount 6 installments of Rs. 1,000/- each and in multiples of Re. 1/- after that

Benchmark

The Index FTSE EPRA Nareit Asia ex-Japan REITs Index is designed to track the performance of publicly traded Real Estate Investment Trusts (REITs) in countries including, but not limited to, Hong Kong, Malaysia, Singapore and Thailand.

Fund Managers

Mr. Amit Hiremath (Dedicated Fund Manager for Overseas Investments)

Mr. Amit Hiremath has been working as a research Analyst – equity with Mahindra Manulife Investment Management Pvt. Ltd. since June 2017. Before this, he has served as the Assistant Vice President at Anand Rathi Advisors Ltd (Dec 2015 – June 2017), Research Analyst – Equity at B&K Securities. (Feb 2014 – Dec 2015) and Vice President, Enam Asset Management Company Pvt. Ltd. (Jan 2008 – Nov 2012).

Mr. Amit Garg (Debt Portion)

Mr. Amit Garg has been assistant fund manager – Fixed Income with Mahindra Manulife Investment Management Pvt. Ltd since June 2020. Before that, he has worked as Dealer – Fixed Income, with MMIMPL (September 2015 to June 2020), Dealer – Fixed Income, Mahindra & Mahindra Financial Services Limited (April, 2013 to September 2015) and Junior Fund Manager & Dealer at Daiwa Asset Management (India) Pvt. Ltd. (August 2008 to April 2013)

He is also the co-Fund Manager of Mahindra Manulife Overnight Fund, Mahindra Manulife Liquid Fund and Mahindra Manulife Ultra Short Term Fund.

Share:

Investment in securities market are subject to market risks, read all the related documents carefully before investing. Please read the Risk Disclosure documents carefully before investing in Equity Shares, Derivatives, Mutual fund, and/or other instruments traded on the Stock Exchanges. As investments are subject to market risks and price fluctuation risk, there is no assurance or guarantee that the investment objectives shall be achieved. NBT do not guarantee any assured returns on any investments. Past performance of securities/instruments is not indicative of their future performance.