Mahindra Manulife Short Term Fund
Mahindra Manulife Mutual Fund has been launching a new fund offer. The name of the offer is Mahindra Manulife Short Term Fund. The scheme opens for subscription on 9th February 2021. It is an open-ended short-term debt scheme. The subscription period of the scheme will close on February 16th, 2021. Further, it will reopen for continuous sale or repurchase on 25th February 2021.
According to the Riskometer, the investors understand that their principal will be at moderate risk. Mahindra Manulife’s NFO may suitable for investors who seek income over the short to medium term.
As per the reports, the offer of units available at Rs. 10 each during the NFO and continuous offers for units available at net asset value-based prices.
Further, MF’s new scheme available in regular and direct plans along with growth and dividend options.
Basic Details of NFO:
|NFO Name||Mahindra Manulife Short Term Fund|
|Period||Feb 9th, 2021 – Feb 16th, 2021|
|Type||An Open-ended short term debt scheme|
|Benchmark||CRISIL Ultra Short Term Debt Index|
|Fund Manager||Rahul Pal|
Investment Object of Mahindra Manulife’s NFO:
The scheme aims to generate income and capital appreciation through an actively managed diversified portfolio of Debt & Money Market instruments such that the Macaulay duration of the portfolio is between 1 year to 3 years.
Besides, the investors who want to invest in this scheme should invest a minimum of Rs. 5,000 and in multiples of Re. 1/- thereafter. Moreover, the additional purchase amount should stand at Rs. 1,000 plus in multiples of Re. 1/-. However, the scheme is available in the Systematic Investment Plan method.
Too, the entry load and exit load charges not applicable for this scheme.
Asset Allocation Pattern:
|Instruments||Indicative Allocation (% of Assets)||Risk Profile|
|Debt and Money market instruments||0%||100%||Low to Medium|
|Units issued by REITs & InvITs||0%||10%||Medium to High|
This Scheme is a new scheme and does have any performance track record. Besides, CRISIL Ultra Short Term Debt Index plays as a benchmark to the scheme. The scheme will manage by Rahul Pal.
Disclaimer: This post is just information about the scheme. It does not give any advice or recommendation. Please read the offer document carefully and made discussions with your investment adviser before investing.