Mahindra Manulife Mutual Fund has launched a new fund offer for a focussed equity fund. The NFO for Mahindra Manulife Focused Equity Yojana opens on October 26 and closes on November 9.
This fund will operate as an open-ended scheme with a maximum of 30 stocks across market capitalisations, making it a multi-cap fund.
Here’s what the indicative asset allocation looks like:
Instruments | Indicative Allocation (% of net assets) | Risk Profile | |
Minimum | Maximum | High/Medium/Low | |
Equity and Equity Related Securities | 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 |
The scheme will benchmark its performance to the NSE 500 TRI Index. This index consists of of the top 500 listed companies.
Did You Know
From February 2018, all mutual funds were mandated by Sebi to use Total Return Index (TRI) to benchmark the performance of their schemes. TRI indices record the price movements and dividend payouts of all the stocks listed in the index. Some believe that TRI gives the true picture of an index and the companies listed because it provides us with an idea of the ‘true’ value by taking into account dividend payouts as well.
The scheme will have two plans: direct and regular. Under both these plans, this fund will have growth and dividend options. You will also get to pick between the dividend payout and reinvestment facility.
Find out more about the fund here:
Name of the Fund | Mahindra Manulife Focussed Equity Yojana |
Type of Scheme | An open‐ended scheme which will invest in a maximum of 30 stocks across market capitalisations |
Benchmark | NSE 500 TRI Index |
NFO Dates | Opens on October 26, 2020, and closes on November 9, 2020 |
Fund Manager | Mr. Krishna Sanghavi |
Minimum Application Amount/Minimum Purchase Amount (including switches) | Rs. 1,000 and in multiples of Re. 1 after that |
Minimum Additional Investment (including switches) | Rs 1,000 and in multiples of Re 1 after that |
Minimum Redemption Amount | Rs. 1,000/- or 100 units or account
balance, whichever is lower |
Entry Load | N.A. |
Exit Load | 1%: if Units are redeemed / switched-out upto 1 year from the date of allotment
NIL: if the redemption or switching is done after that |
Plans | Regular Plan and Direct Plan |
Options | Growth and Dividend Option (Payout, Dividend Reinvestment Option) |
SIP |
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Type | Date | Minimum Amount | Minimum Installments |
Monthly | Any Date | Rs 500 and in multiples of Re 1 after that | 6 |
Quarterly | Rs 1,500 and in multiples of Re 1 after that | 4 |
STP |
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Type | Date | Minimum Amount | Minimum Installments |
Daily | Every business day | Rs 500 and in multiples of Re 0.01 after that | 6 |
Weekly | Any day of the week except Saturday and Sunday | Rs 500 and in multiples of Re 0.01 after that | 6 |
Monthly | Any Date | Rs 500 and in multiples of Re 0.01 after that | 6 |
Quarterly | Rs 1,500 and in multiples of Re 0.01 after that | 4 |
SWP |
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Type | Date | Minimum Amount | Minimum Installments |
Monthly | Any Date | Rs 500 and in multiples of Re 1 after that | 2 |
Quarterly |
Mr Krishna Sanghavi: Mr Sanghavi has experience as a fund manager across 10 years and different AMCs. Currently, he is serving as the chief investment officer at Mahindra Manulife.