NFO Update: Mahindra Manulife Flexi Cap Yojana
Mahindra Manulife Mutual Fund offers various types of equity, debt & hybrid schemes. The total asset under management of the fund as of June 2021 is Rs 5,663.59 crore, which is launching the Flexi-cap fund. This is an open-ended dynamic equity scheme investing across various market caps such as large-cap, mid-cap, and small-cap. The performance of the scheme will be benchmarked against Nifty 500 Index TRI.
Subscription date: The NFO was launched on July 30, 2021, while it will close on August 13, 2021.
Objective of the scheme: The objective of the scheme is to generate long-term returns by diversifying investment across different market capitalisation. The scheme offers flexibility to invest in different market-caps as & when the opportunity arises. However, there is no assurance that the investment objective of the scheme will be achieved.
Investment strategy: The fund will be actively managed by the fund manager with a perspective of creating a diversified portfolio of the companies. The fund manager will adopt a top-down approach to select sectors and a bottom-up approach in selecting companies across the sectors based on the quality of business and management. The selection of companies will be directed by the combination of various factors such as, profitable growth in good or bad cycles, optimum utilisation of capital and/or capacity, the leadership shown in the industry in which they operate, etc. The scheme will be utilising a holistic risk management strategy to attempt to manage risks associated with investing in equity markets.
Asset allocation:
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Instruments
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Minimum investment (in per cent)
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Maximum investment (in per cent)
|
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Equity & equity-related instruments
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65
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100
|
|
Debt & money market instruments
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0
|
35
|
|
Units issued by REITs & InvITs
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0
|
10
|
Fund manager: The scheme is managed by Manish Lodha and Fatima Pacha.
This fund will be suitable for investors with high-risk capacity as the fund manager of this scheme will allocate the majority of investors’ capital towards equity and equity-related instruments. Investors willing to diversify their portfolio against different market-cap can choose Flexi-cap funds. NFO is not the best option to invest in as there is no historical data available to track the performance. Investors willing to invest in Flexi-cap funds can consider investing in funds, which are already available in the market as you can track the performance of the fund.