Mahindra Manulife Mutual Fund files offers document for Gilt Fund
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Mahindra Manulife Mutual Fund has filed offer document with SEBI to launch an open-ended debt scheme named ‘Mahindra Manulife Gilt Fund’. The New Fund Offer price will be Rs 10. Entry load and Exit Load will be nil. This Scheme provides growth and dividend options for investment and seeks to collect a Minimum Target Amount of Rs 20 crore.
The performance of the scheme will be benchmarked by CRISIL Dynamic Gilt Index (First Tier benchmark). The minimum application amount is Rs 1000 and in multiples of Re 1 thereafter.
The investment objective of the scheme is to generate income with high liquidity through investment in Government Securities across maturity.
