Mahindra Manulife Mutual Fund, a joint venture between Mahindra Finance and Manulife Investment Management (Singapore) Pte. Ltd has announced the launch of an open-ended equity mutual fund scheme, ‘Mahindra Manulife Manufacturing Fund’ (‘the Scheme’), aimed at investing predominantly in equity and equity related securities of companies engaged in manufacturing theme. The NFO of the Scheme commences on May 31, 2024, and concludes on June 14, 2024. The Scheme will subsequently reopen for continuous sale and repurchase from June 26, 2024.
Mahindra Manulife Manufacturing Fund’s investment strategy emphasises on a portfolio comprising 80-100% investment in companies engaged in the manufacturing theme. The fund’s flexible approach allows for investments across market capitalization, providing investors with exposure to a wide range of opportunities within the manufacturing landscape.
Anthony Heredia, MD & CEO of Mahindra Manulife Investment Management Private Limited, said , “We are excited to introduce the Mahindra Manulife Manufacturing Fund. This is a thematic fund focused on the long-term opportunities that will emerge as manufacturing continues to gain impetus from policy actions and become a significant driver to the economic transformation agenda. This might be a good option for investors looking for sharper niche ideas and themes which are long term in nature. This fund could be a good complement to their core portfolio of equity funds.”
Mahindra Manulife Manufacturing Fund would allow investors to invest and avail of this growth opportunity.
The Scheme will be managed by Mr. Renjith Sivaram Radhakrishnan, Mr. Manish Lodha and Mr. Pranav Nishith Patel (Dedicated Fund Manager for Overseas investments
