Mahindra Manulife Mutual Fund launches new multi-asset allocation fund
The Scheme aims to balance risk and reward by apportioning investments across specified asset classes and offers LTGC taxation with the benefit of indexation to the investors
Mumbai: Mahindra Manulife Mutual Fund, a joint venture between Mahindra & Mahindra Financial Services Limited ("Mahindra Finance") and Manulife Investment Management (Singapore) Pte. Ltd., has announced the launch of New Fund Offer – ‘Mahindra Manulife Multi Asset Allocation Fund’ for investors looking to invest in diversified asset classes (Equity, Debt and Units of Gold/Silver ETFs & other Gold/Silver related instruments {including exchange-traded commodity derivatives}. The NFO of the Scheme shall be open for subscription from February 20 to March 05, 2024. The Scheme will subsequently reopen for continuous sale and repurchase from March 15, 2024.
The Scheme aims to balance risk and reward by apportioning investments across specified asset classes and offers LTGC* taxation with the benefit of indexation to the investors.
The Scheme is managed by Mr. Renjith Sivaram Radhakrishnan (Equity), Mr. Rahul Pal (Debt) and Mr. Pranav Nishith Patel (Dedicated Fund Manager Overseas investment), the asset allocation pattern comprises of Equity & Equity Related Instruments (35-80%), Debt and Money Market Securities (10-55%), Units of Gold and Silver ETFs & other Gold and Silver related instruments (10-30%) and Units issued by REITs and InvITs (0-10%) with balanced combination of asset classes that helps mitigate volatility.
“Anthony Heredia, MD & CEO of Mahindra Manulife Investment Management Private Limited, highlighted the significance of this offering. We are excited to announce the launch of our multi-asset allocation fund, which is a product that every investor may have in their portfolio. Markets will always present opportunities along with challenges, and diversification between asset classes done thoughtfully is one of the best ways to make the best of the opportunity, without losing sight of risk. The Mahindra Manulife Multi Asset Allocation Fund presents an opportunity for investors to access multiple asset classes within one product, including equity, debt and gold/silver ETFs.”
The Scheme amalgamates multiple strategies while selecting different asset classes. The Scheme will follow top-down and bottom-up methodologies while 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.
