Mahindra Manulife Mutual Fund launches ‘Mahindra Manulife Balanced Advantage Yojana’

• The fund aims to follow the dynamic asset allocation using the multi variate approach
• To optimize the potential of equity & debt over short to medium term period
• Portfolio construction based on top down approach and bottom up stock selection

NE BUSINESS BUREAU

AHMEDABAD, DEC 10

Mahindra Manulife Investment Management Private Limited – MMIMPL, (formerly known as Mahindra Asset Management Company Private Limited), has launched ‘Mahindra Manulife Balanced Advantage Yojana,’ an open ended dynamic asset allocation fund. The scheme is suitable for investors who are seeking capital appreciation while generating income over medium- to long-term by investing in a dynamically managed portfolio of equity and equity related instruments and debt and money market instruments. The fund will aim to optimize the potential of equity and debt over short to medium term period, says a company release.

Mahindra Manulife Balanced Advantage Yojana (‘Scheme’) aims to follow the dynamic asset allocation using the multi variate approach. The fund will have flexibility to invest a mix between equity and debt across market cycles). The fund will optimize the potential of equity and debt over short to medium term period. For equity investments the portfolio construction to be based on top down approach and bottom up stock selection. The fund aims to construct the equity portfolio using GCMV investment framework. For debt investments, the fund will invest in liquid, debt and money market securities by balancing the maturity and credit profile, while following a duration strategy which looks to optimize yields.

 Multi Variate Approach: An internal investment approach that couples qualitative and quantitative assessment of macroeconomic, market and technical indicators, valuations, growth outlook, interest rates, liquidity, etc

Ashutosh Bishnoi, MD and CEO, Mahindra Manulife Investment Management Private Limited, said “The equity markets have witnessed bouts of volatility in the recent past owing to various macro-economic factors. The balanced advantage funds can help investors mitigate market volatility. Mahindra Manulife Balanced Advantage Yojana aims to provide risk-adjusted return for long term investors. and are appropriate for retail investors as they do not have to constantly monitor their asset allocation, as the fund manager does this dynamically and maintains the right asset mix in any prevailing market conditions.”

Krishna Sanghavi, Chief Investment Officer – Equity, Mahindra Manulife Investment Management Private Limited said “Mahindra Manulife balanced advantage yojana is ideal for all category of investors be it, first timers, market timers or long term investors. The fund will aims to capture the optimum mix between equity and debt across market cycles, with flexibility to invest upto 100% in equity & debt, the scheme may be suitable for volatile market conditions. The fund will have robust GCMV process & Risk Guard Process, for determining fair valuation of stocks & to assess predict and manage risks better.”

The New Fund Offer opened on December 9^th, 2021 and will close on December 23^rd, 2021.

The scheme will reopen for continuous sale and repurchase from 3^rd January, 2021. Mahindra Manulife Balanced Advantage Yojana will have maximum 100% investment in either equity and equity related instruments or debt and money market securities (including TREPS (Tri-Party Repo), reverse repo).