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Mahindra Manulife launches Mahindra Balanced Advantage Yojana NFO

16 December 2021

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

Disclaimer

The stocks mentioned in this article are not recommendations. Please conduct your own research and due diligence before investing. 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.
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