Mahindra Mutual Fund files offer document for Manulife Flexi Cap Yojana
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Mahindra Mutual Fund has filed offer document with SEBI to launch an open ended dynamic equity scheme named ‘ Mahindra Manulife Flexi Cap Yojana’ . The New Fund Offer price is Rs 10 per unit. Entry load will be nil and Exit load of 0.5% is payable if Units are redeemed / switched-out upto 3 months from the date of allotment; and exit load will be Nil if Units are redeemed / switched-out after 3 months from the date of allotment. The Scheme offers growth and income distribution cum capital withdrawal options for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.
The performance of the scheme will be benchmarked by Nifty 500 Index TRI .The minimum application amount is Rs 1000 and in multiples of Re 1 thereafter.
The investment objective of the scheme is to generate long term capital appreciation by investing in a diversified portfolio of equity and equity-related securities across market capitalization.
