MUTUAL FUNDS
Mahindra MF introduces Ultra Short Term Yojana
Oct-10-2019

Mahindra Mutual Fund (MF) has launched the Mahindra Ultra Short Term Yojana, an open ended ultra-short term debt scheme. The NFO opens for subscription on October 10, 2019 and closes on October 16, 2019. No Entry load and Exit load will be applicable for the scheme. The minimum subscription amount is Rs 1000 and in multiples of Re 1 thereafter.

The scheme’s performance will be benchmarked against CRISIL Ultra Short Term Debt Index and its fund manager is Rahul Pal.

The investment objective of the scheme is to generate regular income and capital appreciation through investment in a portfolio of short term debt & money market instruments such that the Macaulay duration of the portfolio is between 3 - 6 months.

 

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