Mahindra Mutual Fund files offers document for Manulife Balanced Advantage Fund
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Mahindra Mutual Fund has filed offer document with SEBI to launch an open-ended dynamic asset allocation fund named ‘Mahindra Manulife Balanced Advantage Fund ‘. The New Fund Offer price is Rs 10 per unit. Entry load will be nil and Exit load An Exit Load of 0.5% is payable if Units are redeemed / switched-out on or before completion of 3 months from the date of allotment of Units;-Nil -If Units are redeemed / switched-out after completion of 3 months from the date of allotment of Units. The scheme offers both growth and dividend option for investment and seeks to collect a Minimum Target Amount of Rs 20 crore.
The performance of the scheme will be benchmarked by Nifty 50 Hybrid Composite Debt 50: 50 Index TRI .The minimum application amount is Rs 1000 and Re 1 thereafter.
The investment objective of the scheme is to provide capital appreciation and generate income through a dynamic mix of equity, debt and money market instruments. The Scheme seeks to reduce the volatility by diversifying the assets across equity, debt and money market instruments.
