Mahindra Mutual Fund Launches Mahindra Manulife Manufacturing Fund

Jun 05, 2024

Mahindra Mutual Fund has launched Mahindra Manulife Manufacturing Fund

Mahindra Manulife Manufacturing Fund is an open-ended equity scheme following manufacturing theme

The investment objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity related securities of companies engaged in manufacturing theme. However, there is no assurance that the objective of the Scheme will be achieved.

Under normal circumstances, Mahindra Manulife Manufacturing Fund will hold an allocation of 80% to 100% in Equity and Equity-related securities of companies engaged in manufacturing theme, 0% to 20% in Equity and Equity related instruments of companies other than above, 0% to 20% in Debt and Money Market Securities# (including TREPS (Tri-Party Repo) and Reverse Repo in Government Securities) and 0% to 10% in Units issued by REITs & InvITs.

[Read: Manufacturing Mutual Funds Shine. Are they Worthy of Your Investment Portfolio?]

Mahindra Manulife Manufacturing Fund aims to generate capital appreciation by investing at least 80% of its net assets in equity and equity-related securities of companies and sectors that are involved in manufacturing activities and are likely to benefit from the growth of the manufacturing theme.

The Scheme will follow a bottom-up approach towards investing in listed companies that:

  • Are engaged in manufacturing activity

  • May benefit from government incentives to encourage manufacturing opportunities.

  • Are positioned to benefit from export promotion of domestic industries and import substitution through domestic manufacturing.

  • May produce goods and materials for export.

  • Are establishing new manufacturing capacity or investing in new plants and production technology.

The universe of the Scheme may also contain companies listed in India and having manufacturing facilities outside India.

Mahindra Manulife Manufacturing Fund is benchmarked against S&P BSE India Manufacturing TRI

Mahindra Manulife Manufacturing Fund will be managed by Mr Renjith Sivaram Radhakrishnan and Mr Manish Lodha and Mr Pranav Nishith Patel (Dedicated Fund Manager for Overseas Investments).

Mahindra Manulife Manufacturing Fund is open for subscription from May 31, 2024 to June 14, 2024. The fund will reopen for continuous sale and repurchase on June 26, 2024.

The fund offers Direct Plan and Regular Plan. Under each plan the fund offers Growth option and Income Distribution cum Capital Withdrawal.

The minimum subscription amount is Rs 1,000/- and in multiples of Re. 1 thereafter.