NFO Monitor: Mahindra Manulife Mutual Fund launches innovation opportunities fund

Mahindra Manulife Mutual Fund has announced the launch of the Mahindra Manulife Innovation Opportunities Fund, an open-ended equity scheme aimed at leveraging long-term growth opportunities arising from disruptive innovation across various sectors.

The New Fund Offer opens on January 9 and will close on January 23, following which the scheme will reopen for ongoing transactions from February 2, 2026.

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The scheme seeks to generate long-term capital appreciation by investing primarily in equities of companies built around innovation. It will target businesses driving significant transformation through product, process, and service innovation, including disruptive and breakthrough developments across industries.

It will invest 80-100% of the Total Assets in Equity and Equity-Related Instruments including equity derivatives to the extent of 50% of the equity component of the scheme of companies following the innovation theme. It will also invest 0-20% of its assets to equity instruments of companies outside the innovation theme.

The scheme will also invest 0-20% of its assets to equity instruments of companies outside the innovation theme.

Mahindra Manulife Innovation Opportunities Fund will have the flexibility to invest in REIT units, allocate up to 20% of its net assets to foreign securities (including units issued by overseas mutual funds), invest up to 20% of total assets in debt and money market instruments (including TREPS and reverse repo in government securities), and allocate up to 10% in InvIT units.

In a statement, Anthony Heredia, MD & CEO, Mahindra Manulife Investment Management, said, “Innovation remains one of the most powerful long-term drivers of sustainable change. The Innovation Opportunities Fund is designed to provide investors access to companies that are shaping the future through technology, new business models, and structural transformation across industries.”

The fund will be managed by Kirti Dalvi (Fund Manager – Equity), along with Renjith Sivaram Radhakrishnan (Fund Manager and Analyst).

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“India is entering a phase where innovation is no longer limited to a few sectors — it is becoming the core engine of competitive advantage across the economy. From manufacturing and financial services to healthcare, digital platforms and clean energy, companies that embrace innovation are building durable growth models. This fund is designed to identify such businesses, focusing on those with the ability to scale, adapt over the long term,” said Krishna Sanghavi, CIO – Equity, Mahindra Manulife Investment Management.

The asset allocation pattern of the scheme comprises of equity and equity related instruments of companies following innovation theme(80% - 100%), equity and equity related instruments of companies other than those mentioned above (0-20%), debt and money market securities (including TREPS and Reverse Repo in Government Securities) (0-20%) & units issued by InvITs (0-10%).