NFO Launch | Mahindra Manulife Mf Unveils Small Cap Fund – Check Details Here | Tech US News

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The NFO will close for subscription on December 5, 2022 and will reopen for continuous sale and repurchase from December 14, 2022.

Mahindra Manulife Mutual Fund, a joint venture between Mahindra & Mahindra Financial Services Limited and Manulife Investment Management (Singapore) Pte. Ltd. has announced its ‘New Fund Offer’ (NFO). Mahindra Manulife Small Cap Fund is an open-end equity scheme that primarily invests in small cap stocks.

The NFO will close for subscription on December 5, 2022 and will reopen for continuous sale and repurchase from December 14, 2022.

Mahindra Manulife Mutual Fund said the product is suitable for investors seeking long-term capital appreciation and investment in equity and equity-related securities of primarily small and large companies.

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“Small-cap mutual funds have the potential to create wealth and generate alpha over the long term, as they provide exposure to companies that are potential market leaders in the industries they operate in and may become mid-caps in the future. likely as they scale. -researched and owned, thus providing an opportunity to pick stocks at reasonable prices,” Kitt said.

Anthony Heredia, MD and CEO, Mahindra Manulife Mutual Fund said, “Small cap funds will be an ideal option for long-term investors looking to benefit from this shift and should become a core part of investors’ portfolios. Given our past track record in looking at these companies across the diversified fund range, we feel this is the right time to bring this product to market, and help our investors achieve their long-term wealth creation aspirations. It helps to make sense.”

Krishna Singhavi, Chief Investment Officer – Equity, Mahindra Manulife Mutual Fund said: “The fund’s investment objective is to generate long-term capital appreciation by investing in a diversified portfolio of equity and equity-related securities of small-cap companies. “India offers a wide range of small cap companies that are likely to participate and grow with the Indian economy as India moves from the 7th largest to the 3rd largest economy by size.”

About the scheme

The scheme will focus on building an appropriately diversified portfolio of companies with a long-term perspective. The scheme will invest at least 65 per cent of net assets in equity and equity-related instruments of small-cap companies.

The scheme may have exposure to the permitted equity component to the extent of 50 per cent in equity derivative instruments. The Company said that investments in derivatives will be for hedging, portfolio balancing, and other such purposes as may be subject to the regulations and guidelines issued by SEBI/RBI from time to time.

The fund managers are Abhinav Khandelwal and Manish Lodha.

(Edited by: Anshul)

First Publication: IST

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