Mahindra Manulife Mutual Fund has launched ‘Mahindra Manulife Balanced Advantage Yojana,’ an open ended dynamic asset allocation fund. The fund aims to optimize the potential of equity and debt over short to medium term period.
In a press release, Ashutosh Bishnoi, MD and CEO, Mahindra Manulife MF said “The equity markets have witnessed bouts of volatility in the recent past owing to various macro-economic factors. The balanced advantage funds can help investors mitigate market volatility. The fund is appropriate for retail investors as they do not have to constantly monitor their asset allocation, as the fund manager does this dynamically and maintains the right asset mix in any prevailing market conditions.”
Krishna Sanghavi, Chief Investment Officer – Equity, Mahindra Manulife MF said “The fund aims to capture the optimum mix between equity and debt across market cycles, with flexibility to invest upto 100% in equity & debt, the scheme may be suitable for volatile market conditions. The fund will have robust process & risk guard process for determining fair valuation of stocks and manage risks better.”
