MUTUAL FUNDS
Mahindra Manulife MF introduces Focused Equity Yojana
Oct-26-2020

Mahindra Manulife Mutual Fund (MF) has launched the Mahindra Manulife Focused Equity Yojana, an open-ended equity scheme investing in maximum 30 stocks across market caps (i.e Multi Cap). The NFO opens for subscription on October 26, 2020 and closes on November 09, 2020. No Entry load will be applicable for the scheme. The Exit load will be 1%, if units are redeemed / switched-out upto 1 year from the date of allotment and nil, if units are redeemed / switched-out after 1 year from the date of allotment. The minimum subscription amount is Rs 1000 and in multiples of Re 1 thereafter.

The scheme’s performance will be benchmarked against the performance to the NSE 500 TRI Index and its fund manager is Krishna Sanghavi

The investment objective of the scheme is to generate long term capital appreciation by investing in a concentrated portfolio of equity & equity related instruments of maximum 30 companies across market capitalization.

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