Mutual Fund News : Mahindra Mutual Fund introduces Mahindra Top 250 Nivesh Yojana

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Mahindra Mutual Fund has launched a new scheme under large and midcap funds category - Mahindra Top 250 Nivesh Yojana. It is an open ended equity scheme investing in both large cap and mid cap stocks.

The investment objective of the scheme is to seek long term capital growth through investments in equity and equity related securities of both large cap and mid cap stocks.

The NFO opens for subscription on December 06, 2019 and closes on December 20, 2019.

The fund will be managed by Mr. V. Balasubramanian, while its performance will be benchmarked against NIFTY LargeMidcap 250 TRI Index.

The New Fund Offer price is Rs 10 per unit and the minimum application amount for initial purchase is Rs 1,000 and in multiples of Re 1 thereafter.

The scheme offers Regular Plan and Direct Plan having Growth Option and seeks to collect a Minimum Target Amount of Rs 10 crore.