Mahindra Manulife Investment Management Private Limited (formerly known as Mahindra Asset Management Company Private Limited), a 51:49 joint venture of Mahindra & Mahindra Financial Services Limited (MMFSL) and Manulife Investment Management (Singapore) Pte. Ltd. (‘Manulife Singapore’) launches ‘Mahindra Manulife Flexi cap Yojana,’ an open ended dynamic equity scheme investing across large cap, mid cap, small cap stocks. The scheme is suitable for investors who are looking for long term capital appreciation by investing in a diversified portfolio of equity and equity -related securities across market capitalization.
Mahindra Manulife Flexi cap Yojana (‘Scheme’) will have portfolio allocation based on top-down approach and bottom-up stock selection. The Scheme will have flexibility to invest in opportunities across market capitalization, and aim to construct the portfolio with a mix of core investment opportunities (medium to long term compounding stories), and tactical investment opportunities (for eg. cyclical sector, commodities cycle, etc.). The Scheme will have minimum 65% investment in equity and equity related instruments.
Mr. Ashutosh Bishnoi, MD and CEO, Mahindra Manulife Investment Management Private Limited, said “Indian equity markets have sustained its rally upwards notwithstanding the fierce second wave of covid-19 pandemic. The benchmark indices have almost doubled since the declaration of nationwide lockdown at the end of March 2020. However, it’s very likely that equity markets may remain volatile owing to various uncertainties prevailing across global economies. The flexi cap funds are capable of delivering steady returns across market cycles, and are appreciated for their diversified approach that ensures balance between risk and return. The flexibility to switch, if and when needed to mid and small-caps, which are better positioned to capture any potential upside from expected economic recovery make these funds well acclaimed.”
The New Fund Offer opens on July 30, 2021 and closes on August 13, 2021. The Scheme will reopen for continuous sale and repurchase from 25th August, 2021.
The Scheme would invest 65% in equity and equity related securities, and will have an option to invest upto 35% in debt and money market securities including tri-party repo, reverse repo, and upto 10% in units issued by REITs & InvITs. For detailed asset allocation pattern, please refer SID/KIM of the Scheme available on our website www.mahindramanulife.com or visit the nearest ISC.
Mr. Krishna Sanghavi, Chief Investment Officer – Equity, Mahindra Manulife Investment Management Private Limitedsaid “The Mahindra Manulife Flexi cap Yojana is ideal for investors looking for an agile diversified fund. The fund will follow a robust GCMV process, an internal investment framework used for determining fair valuation of stocks which further helps in estimating valuation gaps (fair valuation vis a vis market price), if any. Opportunities are identified based on the identification of Catalysts that helps in bridging the valuation gaps by re-rating of the stocks.”