Mahindra Manulife launches Mahindra Balanced Advantage Yojana NFO
Mahindra Manulife Mutual Fund has launched a new fund offer for Mahindra Manulife Balanced Advantage Yojana. The fund is open for subscription between December 9, 2021, and December 23, 2021.
Read on to find out more about the NFO.
Investment Objective
Mahindra Manulife Balanced Advantage Yojana is an open-ended dynamic asset allocation fund.
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 |
Fund Details
| Scheme name | Mahindra Manulife Balanced Advantage Yojana |
| Type of scheme | An open ended dynamic asset allocation fund |
| NFO Dates | December 9, 2021 – December 23, 2021. |
| Fund Managers | Mr. Manish Lodha (Equity), Ms. Fatema Pacha (Equity) and Mr. Rahul Pal (Debt) |
| Benchmark | Nifty 50 Hybrid Composite Debt 50: 50 Index TRI |
| Minimum Amount for Application during NFO | Rs 1,000 and in multiples of Rs 1/- thereafter |
| Minimum Additional Purchase Amount | Rs. 1,000 and in multiples of Re. 1/- thereafter |
| 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: 10% of the units allotted shall be redeemed without any exit load, on or before completion of 3 months from the date of allotment of Units. Any redemption in excess of the above limit shall be subject to the following exit load: – An Exit Load of 0.5% is payable if Units are redeemed / switched-out on or before completion of 3 months – Nil – If Units are redeemed / switched-out after completion of 3 months from the date of allotment of Units. |
| Plans | Direct and Regular |
| Options | Growth, Income Distribution cum capital withdrawal option (IDCW). |
| Minimum SIP Amount | 6 installments of Rs 500 /- each and in
multiples of Rs 1/- thereafter |
Benchmark
Nifty 50 Hybrid Composite Debt 50: 50 Index TRI
The NIFTY 50 Hybrid Composite Debt 50:50 Index tracks the performance of portfolios having a blend of Nifty 50 (50%) and Nifty Composite Debt Index (50%).
A Total Return Index (TRI) reflects the returns on the index arising from:
(a) Listed stock price movements and
(b) Dividend receipts from those stocks.
Fund Managers
Mr. Manish Lodha (Equity)
Mr Manish Lodha has been a Fund Manager (Equity) at Mahindra Manulife Investment Management Pvt. Ltd. since December 02, 2020.
Prior to this, he was the assistant Fund Manager (Equity) at Canara HSBC OBC Life Insurance Co Ltd (October 2016 – December 2020), and Research Analyst (Equity) at Kotak Mahindra Mutual Fund (June 2005 – September 2016).
Other schemes 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,
- Mahindra Manulife Top 250 Nivesh Yojana and
- Mahindra Manulife Flexi Cap Yojana
Co-Fund Manager of Equity portion of
- Mahindra Manulife Arbitrage Yojana
- Mahindra Manulife Equity Savings Dhan Sanchay Yojana and
- Mahindra Manulife Hybrid Equity Nivesh Yojana.
Ms. Fatema Pacha (Equity)
Ms. Fatema Pacha has been a Fund Manager (Equity) – at Mahindra Manulife since September 30, 2020 until date. Prior to this, she was Fund Manager (Equity) at ICICI Prudential Life Insurance (Nov 2007 to – Sep 2020), and Research Analyst (Equity) – UTI Mutual Fund (June 2006 – November 2007).
Other schemes 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
- Mahindra Manulife Focused Equity Yojana and
- Mahindra Manulife Flexi Cap Yojana
Co-Fund Manager of Equity portion of
- Mahindra Manulife Equity Savings Dhan
- Sanchay Yojana and Mahindra Manulife
- Hybrid Equity Nivesh Yojana
Mr. Rahul Pal (Debt)
Mr Rahul Pal has served as Head – Fixed Income at Mahindra Manulife since September 2015. Before that, he was Head Fixed Income – Taurus Asset Management Co. Ltd. (May 2010 – September 2015), and Fund Manager – Fixed Income, Sundaram Asset Management Co. Ltd. (May 2004 – May 2010).
Other schemes managed by him are:
Fund Manager of
- Mahindra Manulife Low Duration Fund,
- Mahindra Manulife Dynamic Bond Yojana and
- Mahindra Manulife Short Term Fund
Co – Fund Manager of
- Mahindra Manulife Liquid Fund,
- Mahindra Manulife Ultra Short Term Fund and
- Mahindra Manulife Overnight Fund
Fund Manager of the Debt portion of
- Mahindra Manulife Arbitrage Yojana and
- Mahindra Manulife Hybrid Equity Nivesh Yojana