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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.

Investment Strategy

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:

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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

Benchmark

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. 

Fund Details

The scheme will have two plans: direct and regular. Under both these plans, this fund will have the 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/STP/SWP

SIP

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

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

Type Date Minimum Amount Minimum Installments
Monthly Any Date Rs 500 and in multiples of Re 1 after that 2
Quarterly

Fund Managers

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.

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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.