[ad_1]
Mahindra Manulife Mutual Fund, in a bid to ensure returns for its investors, announced the launch of Mahindra Manulife Multi Asset Allocation Fund. The new fund offering (NFO) of the scheme was opened for public subscription on February 20, 2024. It is scheduled to end on March 5, 2024.
The scheme reopens for buyback on March 15, 2024. Notably, Mahindra Manulife Mutual Fund is a joint venture between Mahindra & Mahindra Financial Services and Manulife Investment Management (Singapore) Pte.
This NFO will invest in diversified asset classes including equity, debt and gold/silver ETF units and other gold/silver related instruments. The fund house stated: “The scheme aims to balance risk and reward by allocating investments across specific asset classes.” The scheme will reportedly be managed by Renjith Sivaram Radhakrishnan, Rahul Pal and Pranav Nishith Patel (dedicated fund manager for overseas investments). .
This product is suitable for investors seeking capital appreciation as they generate long-term income. Furthermore, it will also be suitable for those who invest in stocks and equity-related instruments, debt and money market instruments, gold and silver ETF units and exchange-traded commodity derivatives.
Highlighting the importance of the offering, Anthony Heredia, MD and CEO of Mahindra Manulife Investment Management, disclosed: “We are excited to announce the launch of our multi-asset allocation fund, which is a product that every investor can have in their briefcase. . Markets will always present opportunities along with challenges, and carefully diversified across asset classes is one of the best ways to make the most of opportunity, while keeping an eye on risk. “The Mahindra Manulife Multi Asset Allocation Fund presents an opportunity for investors to access multiple asset classes within a single product, including equities, debt and gold/silver ETFs.”
For those looking to invest under the scheme, a minimum of Rs 500 is required to be invested per scheme/option in multiples of Re 1. On the other hand, there is no upper investment limit in the offer.
Top Videos
Varanasi: Locals swear by ‘Pehalwan Lassi’ and tourists can’t resist | News in English | N18V
Kataib Hezbollah Commander Killed in Baghdad in US Attack | Death of Commander Kataib Hezbollah | N18V
Byju’s investors vote to oust CEO in hours-long Zoom call interrupted by staff | News in English | N18S
Indians hired as helpers of the Russian army forced to fight in Ukraine? Modi government breaks silence | N18V
Maharashtra FDA cracks down on McDonald’s for using substitutes instead of real cheese | N18V
first published: February 23, 2024, 2:40 PM IST
« former
Fold your clothes faster than ever, learn this trick to fold t-shirts in 30 seconds
next »
The ribbon worm’s shocking ability to shoot a tree-like web is the stuff of nightmares
