The new fund offer or NFO of the scheme is open for subscription and will close on September 4. The scheme will reopen for continuous sale and repurchase from September 13.
The scheme aims to generate capital appreciation by investing predominantly in equity and equity-related securities with a focus on investing in companies and sectors to participate in the business cycles through active portfolio allocation.
The scheme will be benchmarked against NIFTY 500 TRI. The scheme will be managed by Krishna Sanghavi, Renjith Sivaram Radhakrishnan, and Kush Sonigara (overseas investments).
The investment approach of the scheme amalgamates top-down and bottom-up methodologies, providing a comprehensive strategy. This process shall commence with a thorough identification of the prevailing business cycle and sectoral trends, providing a robust framework for portfolio allocation.
“Through a judicious alignment of economic shifts and market dynamics, we provide investors with an opportunity to add a long-term tactical play to their core fund portfolios. This fund complements our existing product portfolio and is well suited to both one time as well as SIP investments,” says Anthony Heredia, MD & CEO of Mahindra Manulife Mutual Fund.The fund shall strategically focus on sectors that correspond with distinct business cycle stages. By integrating these methodologies, the scheme endeavors to optimize returns while effectively managing risk through well-informed sector and stock selection decisions.”The fund strategically aims to integrate the economic cycle and market cycle with a view to construct a portfolio based on sectoral preferences depending upon stages of business cycles, in order to generate long-term capital appreciation. At Mahindra Manulife, we believe our new offering Mahindra Manulife Business Cycle Fund is tailored to seize opportunities across market capitalization in equity markets using a blend of top-down Business Cycle/Sector identification and bottom-up stock selection approach,” says Krishna Sanghavi, Chief Investment Officer – Equity, Mahindra Manulife Mutual Fund.
