A New Fund Offer By Mahindra MF
Mahindra Mutual Fund came with another new fund offer. The NFO opens for subscription on October 9. It is an open-ended ultra short term scheme. Mahindra Ultra Short Term Yojana fund closes for subscription on 16th October 2019.
Asset Management Company of Mahindra is an investment manager for Mahindra MF. It contributes a variety of schemes pan-India with a specific focus on rural and semi-urban areas.
Basic Details of Mahindra Ultra Short Term Yojana Fund
|NFO Name||Mahindra Ultra Short Term Yojana Fund|
|Fund House||Mahindra Mutual Fund|
|Issue Dates||Oct 10, 2019 – Oct 16, 2019|
|Type||Open-ended debt scheme|
|Benchmark||CRISIL Ultra ST Debt|
|Minimum Investment||Rs 1000|
Mahindra Ultra Short Term Yojana scheme available in regular and direct plans along with growth and dividend options.
One will need to invest a minimum of Rs 1000 and in multiples of Re 1 thereafter. Investors who want to purchase additional units will purchase a minimum of Rs 1000 and in multiples of Re 1 thereafter. The scheme is available in the SIP investment method.
Investors should invest a minimum of Rs 500 and in multiples of Re 1 thereafter under the SIP method will pay in a minimum of 6 installments.
Entry and Exit loads are not applicable under the scheme.
Objects Of The Issue
The primary 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.
The scheme will benchmark to CRISIL Ultra ST Debt index. Mahindra’s NFO will manage by Rahul Pal.
Disclaimer: This post is just about the scheme information. It does not offer any advice or investment tips to investors. MF investments are set to market risk. Please consult your financial adviser before invest.