By Nivesh Gyan 2 JulyCategory: General
Mahindra Mutual Fund has launched the NFO – Mahindra Hybrid Equity Nivesh Yojana. The fund is open for subscription from 28th June 2019 and will close on 12th July 2019. It is an open-ended scheme pre-dominantly investing in equity and equity related instruments.
The objective of the scheme is to generate long-term capital appreciation by investing in equity and equity related instruments, debt and money market instruments.
The asset allocation of the scheme will be as follows:
|Type of Instrument||Indicative Allocation||Risk Profile|
|Equity and Equity Related Securities||65-80%||High|
|Debt and Money Market Securities*||20-35%||Low to Medium|
|Units issued by REITS & InvITs||0-10%||Medium to High|
*Money market instruments will include commercial papers, commercial bills, treasury bills, Government securities
The fund managers for this fund will be Mr Srinivasan Ramamurthy (for Equity) and Mr Rahul Pal (for Debt).
Mr. Srinivasan Ramamurthy
11 years of experience in investment function including Fund Manager, Research and Investment Strategy.
Mr. Rahul Pal
Collectively over 17 years of work experience in managing fixed income portfolios.
This fund is suitable for:
Since it is a Hybrid Scheme, investors can get exposure to both equity and debt funds at the same time. Even if there is volatility in the stock market, investors can earn stable returns from their 20-35% exposure in the debt market. Mahindra Hybrid Equity Nivesh Fund is suitable for investors who are planning long-term goals.
|Benchmark||CRISIL Hybrid 25+75 – Aggressive Index|
|Plans||Direct and Regular|
|Minimum Investment Amount||Rs. 1,000|
|Exit Load||1% in excess of 10% of units redeemed/ switched out within 1 year from the date of allotment and thereafter nil|
Mahindra Mutual Fund offers a variety of mutual fund schemes with special focus on enabling investors to create wealth for personal savings, regular income or financial independence in rural or semi-urban parts of India. Moreover, Canada’s Manulife purchased 49% of stake in Mahindra Mutual Fund.
To invest in Mahindra Hybrid Equity Nivesh Yojana, download our app from the play store or click the link below:
Nivesh.com – App for mutual funds investment
Mutual Funds are subject to market risk, read all scheme related documents carefully.