MUTUAL FUNDS
Mahindra Manulife Mutual Fund files offer document for Banking and Financial Services Fund
May-30-2025
Mahindra Manulife Mutual Fund has filed offer document with SEBI to launch an open-ended equity scheme named ‘Mahindra Manulife Banking and Financial Services Fund'. The New Fund Offer price for units would be Rs 10 during the NFO period. Entry load will be nil and exit load of 0.5% is payable if Units are redeemed / switched-out up to 3 months from the date of allotment; and Nil if Units are redeemed / switched-out after 3 months from the date of allotment. The Scheme offers Growth Option and Income Distribution Cum Capital Withdrawal Option for investment, and seeks to collect a Minimum Target Amount of Rs 10 crore

The performance of the scheme will be benchmarked against Nifty Financial Services TRI. The minimum application amount is Rs 1000 and in multiples of Re 1 thereafter.

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 the banking and financial services activities.

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