Mutual Fund News : Mahindra Manulife Mutual Fund Introduces Mahindra Manulife Small Cap Fund

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Mahindra Manulife Mutual Fund launches a new scheme – Mahindra Manulife Small Cap Fund

It is an open-ended equity scheme predominantly investing in small-cap stocks.

Accordingly, the investment objective of the Scheme is to generate long term capital appreciation by investing in a diversified portfolio of equity & equity related securities of small cap companies, However, there can be no assurance that the investment objective of the Scheme will be achieved.

Under normal circumstances, Mahindra Manulife Small Cap Fund will focus on creating an appropriate diversified portfolio of companies with a long-term perspective. The Fund Manager will follow an active management style and evaluate individual companies on the basis of various factors including their strong financials and proven track record, growth potential considering growth in economy and/or per capita GDP or due to emergence of new technologies and or global trends, past track record of execution of strategies by promoters/management, growth potential during cyclical business environment etc.

The Scheme may also invest a certain portion of its corpus in debt and money market securities. Investment in debt securities will be guided by credit quality, liquidity, interest rates and their outlook. The Scheme may also invest in the units of REITs and InvITs for diversification, subject to conditions prescribed by SEBI from time to time.

Mahindra Manulife Small Cap Fund’s performance will be benchmarked against S&P BSE 250 Small Cap TRI

The scheme will be managed by Mr Abhinav Khandelwal and Mr Manish Lodha

The NFO opens for subscription on November 21, 2022 and closes on December 05, 2022. The scheme will reopen for continuous sale and repurchase on or before December 14, 2022.

The fund’s NAV is priced at Rs 10/- per unit during the NFO period. The minimum subscription amount is Rs 1,000 and in multiples of any amount thereafter.

The scheme offers Regular Plan and Direct Plan each plan offers Growth and Income Distribution cum capital withdrawal option (IDCW) option.