Mahindra Manulife Short Term Fund Details

Mahindra Manulife Short Term Fund

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.

Minimum Investment:

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
 Minimum  Maximum
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.

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