Mahindra Manulife Mutual Fund launches manufacturing fund

Mahinda Manulife Mutual Fund has announced the launch of a manufacturing fund. Mahindra Manulife Manufacturing Fund is an open-ended equity scheme following manufacturing themes.

The new fund offer or NFO of the scheme will open for subscription on May 31 and it will close on June 14. The scheme will reopen for continuous sale and repurchase from June 26.



The investment objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity-related securities of companies engaged in manufacturing themes.

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The scheme will be benchmarked against S&P BSE India Manufacturing TRI. The scheme will be managed by Renjith Sivaram Radhakrishnan, Manish Lodha, and Pranav Nishith Patel.

The minimum investment amount is Rs 1,000 and in multiples of Re 1 thereafter. The minimum amount for additional purchase is Rs 1,000 and in multiples of Re 1 thereafter.

The scheme will offer regular and direct plans both with growth and IDCW options. The scheme will invest 80-100% in equity and equity-related securities of companies engaged in manufacturing theme, 0-20% in equity and equity-related instruments of companies other than companies engaged in manufacturing theme, 0-20% in debt and money market securities (including TREPS (Tri-Party Repo) and Reverse Repo in Government Securities), and 0-10% in units issued by REITs & InvITs.

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An exit load of 0.5% is payable if units are redeemed/switched out up to three months from the date of allotment. There will be no exit load if units are redeemed/switched out after three months from the date of allotment.

The scheme is suitable for investors who are seeking long-term capital appreciation and want investment in equity and equity-related securities of companies engaged in manufacturing theme. The principal invested in the scheme will be at “very high” risk according to the risk-o-meter of the scheme.