Mahindra Manulife MF introduces Multi Asset Allocation Fund
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Mahindra Manulife Mutual Fund has launched Mahindra Manulife Multi Asset Allocation Fund, an open-ended scheme investing in Equity, Debt, Gold/Silver Exchange Traded Funds (ETFs) and Exchange Traded Commodity Derivatives. The NFO opens for subscription on February 20, 2024 and closes on March 05, 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 of Units and nil - If Units are redeemed / switched-out after completion of 3 months from the date of allotment of Units. The minimum subscription amount is Rs 1,000 and in multiples of Re 1 thereafter.
The performance of the Scheme is measured against 45% NIFTY 500 TRI + 40% CRISIL Composite Bond Index + 10% Domestic Price of Physical Gold + 5% Domestic Price of Silver (First Tier Benchmark) and its fund managers are Renjith Sivaram Radahkrishnan, Rahul Pal and Pranav Nishith Patel.
The investment objective of the Scheme is to generate long-term capital appreciation and income by investing in equity and equity related securities, debt & money market instruments, Gold/Silver ETFs and Exchange Traded Commodity Derivatives (ETCDs) as permitted by SEBI from time to time.
