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Mahindra Manulife Mutual Fund is all set to launch Mahindra Manulife Manufacturing Fund, an open-ended scheme investing in manufacturing theme.
The NFO of the Scheme commences on May 31, 2024, and concludes on June 14, 2024.
The fund will invest its corpus in capital goods, metals & mining, consumer durables, construction etc.; covering more than 10 sectors and 32 industries.
In a press release, Anthony Heredia, MD & CEO, Mahindra Manulife MF said, “This is a thematic fund focused on the long-term opportunities that will emerge as manufacturing continues to gain impetus from policy actions and become a significant driver to the economic transformation agenda. This might be a good option for investors looking for sharper niche ideas and themes which are long term in nature.”
Renjith Sivaram Radhakrishnan, Manish Lodha and Pranav Nishith Patel will co-manage this fund.
