Mahindra Mutual Fund Launches New NFO
Mahindra mutual fund plans to launch a new fund offer in the next month. This time, the mutual fund may offer NFO under the Equity funds category. The scheme will open for subscription on 6th December and closes on 20th December. Mahindra Top 250 Nivesh Yojana scheme is an open-ended equity scheme. It will invest in large and mid-cap stocks only.
Mahindra’s NFO is available under direct and regular plans along with growth and dividend facilities. The NFO is suitable for investors who are seeking capital growth over the long-term.
|Fund Name||Mahindra Top 250 Nivesh Yojana|
|Fund House||Mahindra Mutual Fund|
|NFO Period||Dec 06, 19 – Dec 20, 19|
|Benchmark||NIFTY Large Midcap 250 TRI|
|Type||Open-Ended Equity Scheme|
Investors who want to invest in this scheme should invest a minimum of Rs 1000 and in multiples of Re 1 thereafter per application. For additional purchase of reinvestment, investors need to invest a minimum of Rs 1000 and in multiples of Re 1 thereafter.
Mahindra MF’s NFO offers lumpsum and SIP investment methods. The minimum is Rs 500 under SIP and complete in 6 installments.
The minimum SWP withdrawal is Rs 500.
Objects of the Scheme:
The main objective of the scheme is to provide returns over the long-term by investing in equity and equity-related instruments under large and mid-cap stocks.
The performance of the scheme will benchmark against to NIFTY Large Midcap 250 TRI. Mahindra Top 250 Nivesh Yojana scheme will manage by Mr. V Balasubramanian.
Disclaimer: This article offers just information regarding the scheme. It does not provide any advice or investment tips to investors. MF investments are fixed to market risk. Please consult your financial advisor before invest.