· It concentrates on investing in 30 stocks across market caps
· Selection of the next potential winners through the GCMV process#
· High conviction focused portfolio with strong risk management processes
· Potential to generate relatively better risk adjusted returns
Bengaluru, NFAPost: Mahindra Manulife Investment Management Private Limited (Formerly known as Mahindra Asset Management Company Pvt. Ltd.), a 51:49 joint venture of Mahindra & Mahindra Financial Services Limited (MMFSL) and Manulife Investment Management (Singapore) Pte. Ltd. (‘Manulife Singapore’) launches ‘Mahindra Manulife Focused Equity Yojana,’ an open ended equity scheme that aims to invest in maximum 30 stocks across market capitalisation (i.e. multi cap).
The scheme is suitable for investors who are looking for long term capital appreciation. It is also suitable for medium term investors looking for relatively better risk adjusted return potential.
Mahindra Manulife Focused Equity Yojana (‘Scheme’) will be a professionally managed agile focused fund that aims to identify the most potential winning ideas through robust research and risk management. The Investment Style for construction of the Scheme’s portfolio of upto 30 stocks will be from across market caps.
Market capitalisation
In addition, several factors will be considered for building the portfolio such as – domestic and global macro-economic dynamics; stage of business cycle of companies; absolute versus relative valuation; assessment of portfolio weight based on liquidity and market cap; sector’s future growth outlook; business outlook (priority to 1-3 years of growth); valuation of stock versus future growth; management capabilities and corporate governance.
Expressing happines over the new launch, Mahindra Manulife Investment Management Private Limited MD and CEO Ashutosh Bishnoi said Indian economy and the equity markets are poised for a strong recovery, as the economy unlocks and we see improvement in corporate performance.
“Mahindra Manulife Focused Equity Yojana scheme is suitable for medium to long term investors looking for better risk adjusted market returns. The focused funds have the advantage to define their own market cap mix and hence the flexibility to find opportunities anywhere in the equity market,” said Mahindra Manulife Investment Management Private Limited MD and CEO Ashutosh Bishnoi.
Potential winners
Mahindra Manulife Investment Management Private Limited MD and CEO Ashutosh Bishnoi said the selection of potential winners is done through research, adequate quality check, and by following a robust risk management process.
“The whole attempt is to ensure better risk-adjusted return on investment,” said Mahindra Manulife Investment Management Private Limited MD and CEO Ashutosh Bishnoi .
The New Fund Offer opens on October 26, 2020 and closes on November 9, 2020. The scheme will reopen for continuous sale and repurchase from within 5 business days from the date of allotment.
Mahindra Manulife Focused Equity Yojana under normal circumstances would invest 65% -100% in equity and equity related securities, upto 35% in debt and money market securities including tri-party repo, reverse repo, and upto 10% in units issued by REITs & InvITs.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully
Mahindra Manulife Investment Management Private Limited Chief Investment Officer – Equity Krishna Sanghavi said the present equity market environment offers investors an opportunity to generate returns over the medium to long term horizon.
“Mahindra Manulife Focused Equity Yojana plans to invest in limited number of companies that have strong growth potential. Our endeavor is to construct a high conviction equity portfolio complemented by strong risk management processes. We expect to select potential winners through our GCMV process and offer investors reasonably better market returns,” said Mahindra Manulife Investment Management Private Limited Chief Investment Officer – Equity Krishna Sanghavi.
Investors understand that their principal will be at moderately high risk
* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Investment Management
Mahindra Manulife Investment Management Private Limited (formerly known as Mahindra Asset Management Company Private Limited) (MMIMPL) acts as the Investment Manager of Mahindra Manulife Mutual Fund (formerly known as Mahindra Mutual Fund). On 29th April 2020 MMFSL divested 49% stake in MMIMPL to Manulife Investment Management (Singapore) Pte. Ltd. to form a 51:49 joint venture.
Mahindra Manulife Trustee Private Limited (MMTPL), (formerly known as Mahindra Trustee Company Private Limited) acts as a Trustee to Mahindra Manulife Mutual Fund (formerly known as Mahindra Mutual Fund). On 29th April 2020 MMFSL divested 49% stake in MMTPL to Manulife Investment Management (Singapore) Pte. Ltd. to form a 51:49 joint venture.
Asset under management
Mahindra & Mahindra Financial Services Limited (Mahindra Finance), part of the Mahindra Group, is one of India’s leading non-banking finance companies. Focused on the rural and semi-urban sector, the Company has over 6.9 Million customers and has an AUM of over $10 Billion.
The Company is a leading vehicle and tractor financier, provides loans to SMEs and also offers fixed deposits. The Company has over 1,300 MMFSL offices and reaches out to customers spread over 3,70,000 villages and 7,000 towns across the country.
Mahindra Finance is the only Financial Institution from India to be listed on the Dow Jones Sustainability Index in the Emerging Market Category 2019. Mahindra Finance has been ranked 25th among India’s Best Companies to Work 2020 and Ranked 6th on the list of Best Large Workplaces in Asia 2020 by Great Place to Work® Institute.
