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Mahindra Manulife Mutual Fund has launched Mahindra Manulife Small Cap Fund, an open-ended equity scheme predominantly investing in small cap stocks.
In a press release, Anthony Heredia, MD & CEO, Mahindra Manulife Mutual Fund said, “The Indian economy is well poised and has the potential to be one of the leading economies in the world over the coming decade. This may throw unprecedented opportunities across sectors and businesses, with many smaller companies using this possibility to become much larger over time. Small cap funds would be an ideal option for long term investors looking to take advantage of this change and should become a core part of investor portfolios.”
Krishna Sanghavi, CIO – Equity, Mahindra Manulife Mutual Fund said,“ Indian small caps offer a wide range of companies that are likely to participate and grow with Indian economy as India moves from 7th largest to 3rd largest economy in terms of size. Small caps as a segment also allows a wider choice in sector allocation. Valuation-wise, small caps currently offer a good opportunity for investors who want to build a long-term equity portfolio.
