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Mahindra Manulife Manufacturing Fund - NFO: Date & NAV
Table of Contents
Introduction
India has an ambitious vision for its manufacturing sector, aiming to transform the country into a global manufacturing hub. This initiative is expected to significantly boost the growth of stocks in the manufacturing sector. For those looking to invest in this future growth, the Mahindra Manulife Manufacturing Fund is an excellent choice. Read on to discover everything you need to know about this fund.
Mahindra Manulife Manufacturing Fund - NFO Overview
The Mahindra Manulife Manufacturing Fund is designed for investors seeking long-term returns by investing in the manufacturing sector and other money market securities.
The fund will be open for investment from May 31, 2024, to June 14, 2024. It aims to invest in equity and equity-related instruments of manufacturing companies, as well as debt and money market securities, and units issued by REITs and InvITs.
Fund Overview
The Mahindra Manulife Manufacturing Fund - NFO has an AUM of Rs.21,810.21 crores. Its stamp duty is 0.005% (effective July 1st, 2020), and the minimum investment is Rs 500.
|
Start Date |
31 May 2024 |
|
End Date |
14 June 2024 |
|
VRO rating |
- |
|
Expense ratio |
NA |
|
Exit load |
0.5%, if redeemed within 3 months |
|
AUM (Fund size) |
Rs. 21,810.21 Cr. |
|
Lock-in |
No Lockin |
|
Stamp Duty |
0.005% (From July 1st 2020) |
|
Benchmark Index |
S&P BSE India Manufacturing TRI (First Tier Benchmark) |
|
Min. investment |
SIP Rs. 500 |
|
Risk |
Very High |
|
Short-term capital gains (STCG) |
Returns taxed at 15% if you redeem before 1 year |
|
Long-term capital gains (STCG) |
After 1 year, pay a LTCG tax of 10% on returns of ₹1 lakh+ in a financial year |
The Objective of the fund
The Scheme aims to generate long-term capital appreciation by primarily investing in equity and equity-related securities of companies engaged in the manufacturing sector.
Asset allocation (% of Net Assets) of the Scheme's portfolio will be as follows
|
Types of Instruments |
Minimum Allocation (% of Net Assets) |
Maximum Allocation (% of Net Assets) |
Risk Profile |
|
Equity and Equity-related securities of companies engaged in manufacturing theme |
80 |
100 |
Very High |
|
Equity and Equity related instruments of companies other than the above |
0 |
20 |
Very High |
|
Debt and Money Market Securities(including TREPS (Tri-Party Repo) and Reverse Repo in Government Securities) |
0 |
20 |
Low to Medium |
|
Units issued by REITs and InvITs |
0 |
10 |
Very High |
Peers of Mahindra Manulife Manufacturing Fund - NFO
|
Equity, sectoral / Thematic Funds |
6M Return |
1Y Return |
AUM (Cr) |
|
ICICI Prudential Manufacturing Fund |
25.74% |
60.11% |
7,33,779.84 |
|
Quant Manufacturing Fund Direct-Growth |
27.63% |
- |
77,358.99 |
|
Aditya Birla Sun Life Manufacturing Equity Fund Direct-Growth |
18.53% |
41.21% |
3,45,543.18 |
Risk Factors in Such Funds
-
The Scheme is thematic and will be influenced by the risks associated with companies and sectors within the manufacturing theme.
-
Sectors within the manufacturing theme are typically more volatile than other sectors, which may lead to a higher level of risk in the Scheme’s portfolio.
-
The Asset Management Company may invest in unlisted securities within regulatory limits, which could negatively impact the liquidity and valuation of the Scheme's investments if these securities need to be sold before their target divestment date.
-
Effective risk management is essential for achieving financial soundness in Fund Management.
-
With the approval of the Board of Directors of the AMC and Trustee Company and immediate notification to SEBI, the Scheme may impose restrictions on redemptions under certain exceptional circumstances.
Past Performance of Equity, sectoral / Thematic Funds
|
Equity, sectoral / Thematic Funds |
NAV (Rs) |
Annualized Return |
Return/Risk |
|
ICICI Prudential Manufacturing Fund |
33.85 |
23.99% |
For every unit of risk, this fund takes, it generates 20% more returns. |
|
Axis India Manufacturing Fund Direct-Growth |
12.54 |
23.79% |
Performing Poorly |
|
Quant Manufacturing Fund Direct-Growth |
14.93 |
49.06% |
Performing Poorly |
|
Aditya Birla Sun Life Manufacturing Equity Fund Direct-Growth |
30.09 |
12.82% |
Performing Poorly |
Mahindra Manulife Manufacturing Fund NFO - Who can invest
If you are looking to invest for the long term and are willing to take on higher risk to achieve potential profits, you should consider investing in this scheme. The fund focuses on investing in equity and equity-related instruments of companies engaged in the manufacturing sector to generate profit, and also includes money market instruments for hedging purposes.
Mahindra Manulife Manufacturing Fund NFO - Growth Fund Managers:
-
Mr Renjith Sivaram Radhakrishnan
-
Mr Manish Lodha
-
Mr Pranav Nishith Patel
Conclusion
Whether you are a beginner or an experienced investor, the Mahindra Manulife Manufacturing Fund presents a good opportunity to invest in the manufacturing sector for long-term profits. However, the scheme carries a high level of risk, so investors are advised to assess their risk tolerance before investing.
Disclaimer: This NFO Analysis is only for informational purposes and should not be considered as investment advice. Always do your research and consult with a financial advisor.
Frequently Asked Questions
The starting date of Mahindra Manulife Manufacturing Fund – NFO is 31 May 2024.
The end date of Mahindra Manulife Manufacturing Fund – NFO is 14 June 2024.
The fund managers of Mahindra Manulife Manufacturing Fund – NFO are Mr Renjith Sivaram Radhakrishnan, Mr Manish Lodha, and Mr Pranav Nishith Patel
The minimum investment for Mahindra Manulife Manufacturing Fund – NFO is Rs. 500.
Yes, You can invest in SIP or lump sum in Mahindra Manulife Manufacturing Fund – NFO.
