Mahindra Unnati Emerging Business Yojna is a new fund launched by Mahindra Mutual Fund. Know all the details you need to know about this fund.
|NFO Name||Mahindra Unnati Emerging Business Yojana|
|NFO Launch Date||January 8, 2018|
|Last Date for Application||January 22, 2018|
|Nature||Open-ended equity oriented scheme|
|Minimum Investment Amount||₹1,000 and in multiples of ₹1 thereafter|
|New Fund Offer price||₹10 per unit|
|Minimum Target Amount||₹10 Crores|
|Fund manager||Ratish Varier|
If you want to invest in Mahindra Unnati Emerging Business Yojana NFO, you have to follow the steps below-
The investment objective of the Scheme is to seek to generate long-term capital appreciation & provide long-term growth opportunities by investing in a portfolio constituted of equity & equity related securities and derivatives predominantly in mid-cap companies.
The scheme shall mainly invest the funds in equity and equity related instruments, being-
The scheme will invest a minimum of 65% in equity and equity-related securities of Midcap companies.
The scheme shall have a provision for investing a maximum of 35% in equity and equity-related securities of Non-mid-cap companies and debt and money market securities.
The scheme has also kept an option to invest a maximum of 10% in units issued by REITs and InvITs.
An active style of management shall be followed by the fund manager, utilizing a holistic risk management strategy. Creating an appropriately diversified portfolio of companies with a long-term perspective will be the core focus of the scheme.
The Scheme will follow a bottom-up approach to pick stocks across the sectors.
Stock picking will be based on the industry, macro and long-term potential of the business. The aim of this scheme will be to build an appropriate portfolio to capture the growth opportunities in India.
Identify companies which can grow to become the next leaders in their segment and grow the portfolio with them.
The performance of the scheme would be benchmarked against S&P BSE Midcap Index.
S&P BSE Midcap Index tracks the performance of companies with relatively mid-size market capitalization.
As the Fund intention aligns with that of the S&P BSE Midcap Index, it is an appropriate benchmark for the Fund.
He comes with more than 10 years of experience as a Fund manager. He has more than 6 years of experience at Reliance Life Insurance Co. Ltd.
Presently, he has been associated with Mahindra Asset Management Co. Pvt. Ltd. for more than 4 years.
Mr. Varier is an MBA, Finance, and a CPA. He has significant experience in managing Equity portfolios and investors can rest assured that their funds are in safe hands.
Each of these 2 abovementioned plans, provide to its investors, 2 plans:
The dividend option, mentioned above, in turn, comes with 2 plans:
There is No Entry Load for this particular scheme. Also, Exit Load @1% is payable if units are redeemed before 1 year from the date of allotment.
The scheme falls into the moderately high-risk category as per the company scheme information document indicating that the principal invested by the investors will be at moderately high risk.
Some of the risks associated with the fund are reinvestment risk, prepayment risk, credit risk, country risk etc. The NAV of the Scheme may be affected, inter alia, by changes in the market conditions, interest rates, trading volumes, settlement periods and transfer procedures.
The NAV may also be subjected to risk associated with investment in derivatives, foreign securities or script lending as may be permissible by the Scheme Information Document.
Disclaimer: the views expressed here are those of the author. Mutual funds are subject to market risks. Please read the offer document before investing.