Mutual Fund News : Mahindra MF launches Ultra Short Term Yojana

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Mahindra Mutual Fund (MF) has launched an open ended ultra-short term debt scheme. The scheme is known as Mahindra Ultra Short Term Yojana.

The investment objective of the scheme is to generate regular income and capital appreciation through investment in a portfolio of short term debt & money market instruments such that the Macaulay duration of the portfolio is between 3 - 6 months.

The scheme’s performance will be benchmarked against CRISIL Ultra Short Term Debt Index and its fund manager is Rahul Pal.

The NFO opens for subscription on October 10, 2019 and closes on October 16, 2019.

No Entry load and Exit load will be applicable for the scheme.

The minimum subscription amount is Rs 1000 and in multiples of Re 1 thereafter.