Mahindra Manulife Launches Flexi Cap Yojana NFO
Mahindra Manulife Investment Management Private Limited has launched a new fund offer for Mahindra Manulife Flexi Cap Yojana. The fund is open for subscription between July 30, 2021, and August 13, 2021.
Read on to find out more about the NFO.
Investment Objective
Mahindra Manulife Flexi Cap Yojana is an open-ended dynamic equity scheme investing across large-cap, mid-cap, small-cap stocks.
Indicative Asset Allocation
| Types of Instruments | Indicative allocation (% of total assets) | Risk Profile | |
| Minimum | Maximum | ||
| Equity & Equity related instruments ^ | 65% | 100% | High |
| Debt and Money Market Securities (including TREPS (Tri-Party Repo), Reverse Repo) | 0% | 35% | Low to Medium |
| Units issued by REITs & InvITs. | 0% | 10% | Medium to High |
^ including derivative instruments to the extent of 50% of the Net Assets of the Scheme. Investment in derivatives shall be for hedging, portfolio balancing, and other purposes as may be permitted from time to time under the Regulations and subject to guidelines issued by SEBI/RBI from time to time.
Fund Details
| Scheme name | Mahindra Manulife Flexi Cap Yojana |
| Type of scheme | An open-ended dynamic equity scheme investing across large-cap, mid-cap, small-cap stocks |
| NFO Dates | July 30, 2021 – August 13, 2021 |
| Fund Managers | Ms. Fatema Pacha, Mr. Manish Lodha |
| Benchmark | Nifty 500 Index TRI |
| Minimum Amount for Application during NFO | Rs. 1,000 and in multiples of Re. 1/- after that |
| Minimum Additional Purchase Amount | Rs.1000 and in multiples of Re.1/- after that. |
| Minimum Redemption/Switch-Out Amount | Rs. 1,000 and or 100 units or account balance, whichever is lower in respect of each Option. |
| Load | a) Entry Load: N.A
b) Exit Load: (i) 0.5%: if units are redeemed/switched out up to 3 months from the date of allotment; (ii) Nil: if units are redeemed/switched out after 3 months from the date of allotment. |
| Plans | Direct and Regular |
| Options |
|
| Minimum SIP Amount | Rs 500 for a minimum of 6 months |
Benchmark
Nifty 500 TRI (Total Return Index)
The Nifty 500 benchmark represents the top 500 companies based on full market capitalisation.
A Total Return Index reflects the returns on the index arising from:
(a) Listed stock price movements and
(b) Dividend receipts from those stocks.
Fund Managers
Ms. Fatema Pacha
Ms. Fatema Pacha has been working as a Fund Manager (Equity) at Mahindra Manulife Investment Management Pvt. Ltd (MMIMPL) since September 30, 2020. In the past 10 years, she worked with ICICI Prudential Life Insurance as Fund Manager (Equity) and UTI Mutual Fund as Research Analyst (Equity).
Other funds managed by her are:
- Co-Fund Manager of Mahindra Manulife Rural Bharat and Consumption Yojana,
- Mahindra Manulife ELSS Kar Bachat Yojana,
- Mahindra Manulife Multi-Cap Badhat Yojana,
- Mahindra Manulife Large Cap Pragati Yojana and,
- Mahindra Manulife Focused Equity Yojana
- Co-Fund Manager of the equity portion of Mahindra Manulife Equity Savings Dhan Sanchay Yojana and,
- Mahindra Manulife Hybrid Equity Nivesh Yojana
Mr. Manish Lodha
Mr. Manish Lodha has been a Fund Manager (Equity) at Mahindra Manulife Investment Management Pvt. Ltd since December 02, 2020. In the past 10 years, he worked with Canara HSBC OBC Life Insurance Co Ltd as Assistant Fund Manager (equity) and Kotak Mahindra Mutual Fund as Research Analyst (Equity).
Other funds managed by him are:
- Co-Fund Manager of Mahindra Manulife ELSS Kar Bachat Yojana,
- Mahindra Manulife Multi-Cap Badhat Yojana,
- Mahindra Manulife Mid Cap Unnati Yojana and,
- Mahindra Manulife Top 250 Nivesh Yojana
- Co-Fund Manager of the equity portion of Mahindra Manulife Arbitrage Yojana,
- Mahindra Manulife Equity Savings Dhan Sanchay Yojana and,
- Mahindra Manulife Hybrid Equity Nivesh Yojana.
