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Mahindra Manulife (MF) has launched the Mahindra Manulife Asia Pacific REITs FOF, an open-ended fund of fund scheme investing in Manulife Global Fund-Asia Pacific REIT Fund. The NFO opens for subscription on September 28, 2021, and closes on October 12, 2021. The Entry load is not applicable for the scheme. The exit load will be nil if 10% of the units allotted on or before completion of 24 months from the date of allotment of Units. An exit load of 1% is payable if units are redeemed / switched-out on or before completion of 12 months from the date of allotment of units, an exit load of 0.5% is payable if units are redeemed/ switched-out between 12 month to 24 month for the date of allotment of units and nil, if units are redeemed / switched-out after completion of 24 months from the date of allotment of Units. The minimum subscription amount is 5,000 and in multiples of Re 1 thereafter.

The performance of the Scheme would be benchmarked against the FTSE EPRA Nareit Asia ex Japan REITs Index and its fund managers are Amit Hiremath and Amit Garg.

The investment objective of the Scheme is to provide long term capital appreciation by investing predominantly in units of Manulife Global Fund-Asia Pacific REIT Fund, an overseas fund primarily investing in real estate investment trusts (REITs) in the Asia Pacific ex-Japan region.