Kolkata/IBNS: Mahindra Mutual Fund, a wholly owned subsidiary of Mahindra and Mahindra Financial Services Limited (MMFSL), launched new open ended equity scheme ‘Mahindra Top 250 Nivesh Yojana,’ for investors who are seeking to generate long term capital appreciation and income through investments in equity and equity related securities of large and mid-cap companies.
Ashutosh Bishnoi, MD & CEO, Mahindra Mutual Fund said, “Indian economy is expected to bounce back sooner than later on account of various fiscal and monetary stimulus announced by the Government of India and the Reserve Bank of India. The future direction of the markets looks promising on potential corporate earnings recovery and gradually steadying macroeconomic environment. We believe the scheme will offer growth with stability approach to the equity portfolio, and is suitable for investors who are seeking long term wealth creation and income.”
The New Fund Offer will open on December 6, 2019 and close on December 20, 2019. The scheme will reopen for continuous sale and repurchase within 5 business days from the date of allotment.
Venkataraman Balasubramanian, Chief Equity Strategist, Mahindra Mutual Fund said, “Mahindra Top 250 Nivesh Yojana aims to build a portfolio with nearly equal exposure in large and mid-cap, and take tactical calls based on market cycles. The stock selection process will be done through Quality, Outlook, and Valuation (QOV) process for superior return potential. The scheme plans to allocate funds across market caps with a mix of top down and bottom up strategies, based on research and outlook.”
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