Mahindra Mutual Fund, a wholly owned subsidiary of Mahindra & Mahindra Financial Services Limited (MMFSL), has launched a new equity scheme. The scheme is named Mahindra Top 250 Investment Plan. The company has launched this scheme for investors seeking equity and long-term capital appreciation from investments in equity related securities of large and mid cap companies. The objective of this scheme is to provide stability to the large cap and to grow the mid cap. This new fund is offering initial subscription from 6 December 2019, which will run till 20 December 2019. The scheme will invest a minimum of 80 per cent in equity related securities. Also, there is a provision of 20 percent investment in debt and money market securities in this scheme.
Venkataraman, chief equity strategist at Mahindra Mutual Fund, said the Mahindra Top 250 investment plan aims to have near equal dominance in the large and mid-cap and take strategic decisions according to the market cycle. In this, the stock selection process will be done every three months.
Jatinder Pal Singh, CMO, Mahindra Mutual Fund, said, "The announcements by the Government of India and the Reserve Bank of India to boost financial and monetary costs are expected to return to the Indian economy soon." We hope that this scheme will give growth to the equity portfolio with stability. Also, this scheme is suitable for investors seeking long term wealth creation and income.
