Mahindra Manulife Mutual Fund has launched ‘Mahindra Manulife Flexi cap Yojana,’ an open ended dynamic equity scheme investing across large cap, mid cap, small cap stocks.
The fund will have portfolio allocation based on top-down approach and bottom-up stock selection.
In a press release, Ashutosh Bishnoi, MD and CEO, Mahindra Manulife MF said “Indian equity markets have sustained its rally upwards notwithstanding the fierce second wave of covid-19 pandemic. The benchmark indices have almost doubled since the declaration of nationwide lockdown at the end of March 2020. However, it’s very likely that equity markets may remain volatile owing to various uncertainties prevailing across global economies. The flexi cap funds are capable of delivering steady returns across market cycles and are appreciated for their diversified approach that ensures balance between risk and return.”
