80-100% of the Portfolio will be invested in companies engaged in the manufacturing theme
The portfolio shall comprise of diversified stock universe mapped to basic industry list published by Asia Index Private Limited for S&P BSE India Manufacturing Index which includes sectors like Capital goods, Metals & Mining, Consumer Durables, Construction etc.; covering more than 10 sectors and 32 industries
The New Fund Offer (NFO) of the Scheme has been opened on May 31, 2024, and will close on June 14, 2024. The Scheme will reopen for continuous sale and repurchase from June 26, 2024.
Chandigarh, 04 June 2024: 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 stated, 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”.
The 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
For detailed asset allocation pattern, please refer SID/KIM of the Scheme available on our website www.mahindramanulife.com or visit the nearest ISC.
India is positioned for sustained growth, supported by a burgeoning manufacturing sector, government incentives, and a robust supply-chain infrastructure. In line with this promising outlook, the Scheme aims to provide retail investors with an opportunity to capitalize on the potential of the manufacturing sector for long-term portfolio growth.
The Scheme will follow a bottom-up methodology selecting equity and equity related instruments, whereas debt investment Philosophy shall be used in debt investment decision making. Mahindra Manulife Mutual Fund’s internal investment framework endeavours to optimize returns while effectively managing risk through well-informed and instrument selection decisions.
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