Mahindra Manulife MF introduces Manufacturing Fund
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Mahindra Manulife Mutual Fund (MF) has launched Mahindra Manulife Manufacturing Fund, an open-ended equity scheme following manufacturing theme. The NFO opens for subscription on May 31, 2024 and closes on June 14, 2024. The Entry load is not applicable for the scheme. An Exit load of 0.5% is payable - if Units are redeemed / switched-out upto 3 months from the date of allotment and Nil - If Units are redeemed / switched-out after 3 months from the date of allotment. The minimum subscription amount is Rs 1,000/- and in multiples of Re 1/- thereafter.
The performance of the scheme will be benchmarked against S&P BSE India Manufacturing TRI (First Tier Benchmark) and its fund managers are Renjith Sivaram Radhakrishnan, Manish Lodha and Pranav Nishith Patel.
The investment objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity related securities of companies engaged in manufacturing theme.
