Mahindra Manulife Mutual Fund introduces Banking & Financial Services Fund
Mahindra Manulife Mutual Fund has launched Mahindra Manulife Banking & Financial Services Fund, an open-ended equity scheme investing in banking & financial services sector. The NFO opens for subscription on June 27, 2025 and closes on July 11, 2025. The Entry Load is nil for the scheme. An Exit Load of 0.5% is payable if Units are redeemed / switched-out up to 3 months from the date of allotment and Nil if Units are redeemed / switched-out after 3 months from the date of allotment. Redemption /Switch-Out of Units would be done on First in First out Basis (FIFO). The minimum subscription amount is Rs 1,000 and in multiples of Re. 1/- thereafter.
The performance of the Scheme will be benchmarked with Nifty Financial Services TRI and its fund managers are Vishal Jajoo and Chetan Sanjay Gindodia.
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 the banking and financial services activities.
