Mahindra Manulife MF has launched Mahindra Manulife Focused Equity Yojana, a focused fund that will invest in maximum 30 stocks across market capitalization.
The scheme is suitable for investors who are looking for medium to long term capital appreciation.
The fund would invest 65% -100% in equity and equity related securities, upto 35% in debt and money market securities and upto 10% in units issued by REITs & InvITs.
Ashutosh Bishnoi, MD and CEO, Mahindra Manulife MF said, “Indian economy and the equity markets are poised for a strong recovery, as the economy unlocks and we see improvement in corporate performance. The focused funds have the advantage to define their own market cap mix and hence the flexibility to find opportunities anywhere in the equity market. The selection of potential winners is done through research, adequate quality check and by following a robust risk management process. The whole attempt is to ensure better risk adjusted return on investment”.
Krishna Sanghavi, CIO – Equity, Mahindra Manulife MF said, “The present equity market environment offers investors an opportunity to generate returns over the medium to long term horizon. The scheme plans to invest in a limited number of companies that have strong growth potential.”
The NFO opens for subscription on October 26 and closes on November 9.
