- 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
# GCMV is an internal process framework to optimize stock selection based on growth, cash flow, management, and valuation
MUMBAI: 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 capitalization (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 up to 30 stocks will be from across market caps. In addition, several factors will be considered for building the portfolio such as – domestic and global macro-economic dynamics; stage of the 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.
Mr. Ashutosh Bishnoi, MD, and CEO, Mahindra Manulife Investment Management Private Limited, 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. 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 a better risk-adjusted return on investment”.