Mahindra Asset Management Company Pvt ltd (MAMCPl), the investment manager to Mahindra Mutual Fund and the wholly owned subsidiary of Mahindra Finance, on Wednesday launched of its open-ended equity scheme ‘Mahindra Mutual Fund Dhan Sanchay Yojana’.
While talking to media persons here, Ashutosh Bishnoi, CEO and Managing Director, MAMCPl said the scheme seeks to generate long term capital appreciation and income through investments in equity and equity related instruments, arbitrage opportunities and debt and money market instruments. The new fund offer will open from January 10, 2017 and will close on January 24, 2017. Thereafter, the scheme will reopen for continuous sale and repurchase from February 8, 2017.
Mahindra Mutual Fund Dhan Sanchay Yojanais best suited for investors who are keen to take a measured exposure in the equity market and are looking for an optimal investment solution through investment in both equity and debt.