The New Fund Offer (NFO) will open on 24th January 2025 and close on 07^th February 2025. The investment objective of the scheme is to generate long-term capital appreciation by investing in a diversified portfolio of equity and equity-related instruments, debt and money market instruments, and units of gold Exchange Traded Funds (ETFs).

The benchmark of the scheme is a combination of 65% Nifty 500 TRI + 25% Nifty Composite Debt Index + 10% price of domestic gold. Mr. Nikhil Rungta, Mr. Sumit Bhatnagar, and Pratik Shroff will be the Fund managers of the Scheme. The scheme will reopen for continuous sale and repurchase on 18^th February 2025.

Commenting on the NFO, R.K. Jha, Managing Director & Chief Executive Officer of LIC Mutual Fund Asset Management Ltd., said: “The Multi-Asset Allocation Funds are increasingly getting popular nowadays as it reduces the concentration risks and ensures better diversification of assets. Hybrid mutual funds saw a 27% surge in assets under management in 2024, increasing from ₹6.90 lakh crore in January 2024 to ₹8.77 lakh crore in December 2024 according to data published by the Association of Mutual Funds in India (AMFI). Notably, Multi-Asset Allocation Funds saw significant growth in the AUM under the Hybrid category. Currently, this reflects a clear investor inclination towards hybrid funds and our new fund is ideally suited to cater to their interests.”

Nikhil Rungta, Co-Chief Investment Officer -of Equity, LIC Mutual Fund Asset Management Ltd., said: “A Multi-Asset Allocation Fund is a solution that combines the power of equities for growth with income generation from debt and the resilience of commodities. It provides a balanced pathway to maximize opportunities during volatile times. Investors who wish to invest in all the 3 asset classes at once and need a product having relatively lower volatility than pure equity schemes may invest in this product. The market’s long-term outlook is bullish, and the new fund is offering an opportunity for all the investors to ride on this wave.”

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MUMBAI: Mahindra Manulife Mutual Fund, a joint venture between Mahindra & Mahindra Financial Services Limited (“Mahindra Finance”) and Manulife Investment Management (Singapore) Pte. Ltd., has introduced the Mahindra Manulife Value Fund, an open-ended equity scheme designed for investors seeking long-term growth through a value investing approach. The fund aims to identify and invest in fundamentally strong yet undervalued companies, unlocking their potential for sustainable returns.

The Mahindra Manulife Value Fund aims to generate long-term capital appreciation by investing in a diversified portfolio of equity and equity-related instruments of fundamentally strong yet undervalued companies. The fund follows an active investment strategy, identifying stocks trading below their intrinsic value with high turnaround potential. Capitalizing on potential stock re-rating and earnings growth, it offers investors a compelling opportunity to build wealth over time.

Anthony Heredia, MD & CEO of Mahindra Manulife Mutual Fund, emphasized the relevance of this offering, stating, “Value investing has long been a time-tested strategy for sustainable wealth creation. With this fund, we aim to identify fundamentally strong businesses available at attractive valuations, providing investors with a structured approach to unlocking long-term growth potential. This offering is well-suited for those looking to build a resilient core portfolio while capitalizing on market opportunities.”

Mahindra Manulife Value Fund will be managed by Krishna Sanghavi, Chief Investment Officer – Equity, who brings over 30 years of experience in the Indian equity markets, along with Vishal Jajoo, Fund Manager – Equity.

Krishna Sanghavi outlined the fund’s core objective: “Our approach integrates fundamental research with valuation-based stock selection. The goal is to build a well-diversified portfolio by identifying undervalued businesses with strong financials, sustainable competitive advantages, and robust growth potential. The fund follows a disciplined investment framework to maximize risk-adjusted returns over the long term.”

The investment approach of the Mahindra Manulife Value Fund combines bottom-up stock selection with a focus on companies trading below their historical valuation multiples. The fund will actively manage portfolio allocation across market capitalizations, leveraging fundamental analysis to uncover quality businesses with strong cash flows and management efficiency. By following a structured value investment process, the fund aims to unlock potential in sectors and companies poised for long-term growth.

The Mahindra Manulife Value Fund is ideal for investors seeking to invest in fundamentally sound yet undervalued stocks. The New Fund Offer (NFO) opens on 7th February 2025, with the subscription window closing on 21st February 2025. The fund will subsequently reopen for continuous sale and repurchase from 5^th March 2025.

** The product labeling/risk level assigned for the Scheme during the New Fund Offer is based on an internal assessment of the Scheme’s characteristics or model portfolio and the same may vary in the New Fund Offer when the actual investments are made.

Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.

Disclaimer:

The views expressed here in this document are for general information and reading purposes only and do not constitute any guidelines and recommendations on any course of action to be followed by the user. No representation or warranty is made as to the accuracy, completeness, or fairness of the information and opinions contained herein. The views are not meant to serve as a professional guide/investment advice / intended to be an offer or solicitation for the purchase or sale of any financial product instrument or mutual fund units for the user. This note has been prepared based on publicly available information, internally developed data and other sources believed to be reliable. While utmost care has been exercised while preparing this presentation, Mahindra Manulife Investment Management Private Limited (MMIMPL) does not warrant the completeness or accuracy of the information and disclaims all liabilities, losses, and damages arising out of the use of this information. The data/statistics, wherever provided, are given to explain general market trends in the securities market, it should not be construed as any research report/research recommendation. Users of this presentation should rely on information/data arising out of their investigations and are advised to seek independent professional advice and arrive at an informed decision before making any investments. Neither Mahindra Manulife Mutual Fund, MMIMPL nor Mahindra Manulife Trustee Private Limited, its directors or associates shall be liable for any damages that may arise from the use of the information contained herein. 

For detailed asset allocation, investment strategy, scheme-specific risk factors, and more details, please read the Scheme Information Document and Key Information Memorandum of Mahindra Manulife Value Fund available at ISCs of MMIMPL and Computer Age Management Services Limited and also available on www.mahindramanulife.com.

Past performance may or may not be sustained in the future and should not be used as a basis for comparison with other investments. 

The information contained herein is not for distribution and does not constitute an offer to buy or sell or solicitation of an offer to buy or sell any schemes/Units of Mahindra Manulife Mutual Fund/securities in the United States of America (‘US’) and/or Canada or for the benefit of US Persons (being persons falling within the definition of the term “US Person” under the US Securities Act of 1933 or as defined by the U.S. Commodity Futures Trading Commission, as amended) or residents of Canada as defined under applicable laws of Canada.

Mutual fund investments are subject to market risks, read all scheme-related documents carefully

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MUMBAI: SAMCO Asset Management Private Limited, a distinguished investment management firm, today announced the launch of the Multi Cap Fund. This unique fund is designed to provide investors with an extra alpha generation opportunity through a strategic approach. The fund incorporates a Smaller Cap Allocation for potential growth, Stock Selection using a proprietary model, Hedging in periods of downtrend to mitigate risks, and Dynamic Rebalancing to optimize performance across market cycles. The New Fund Offer (NFO) opens for subscriptions on October 10, 2024, and will close on October 24, 2024.

In the industry, Multi Cap funds typically follow an allocation of 50% to large-cap stocks, 25% to mid-cap, and 25% to small-cap, as guided by the Nifty500 Multi-cap 50:25:25 benchmark. However, SAMCO’s Multi Cap Fund sets itself apart by offering a more flexible and dynamic approach. It goes beyond the traditional stock basket by investing 25% exposure in small-cap stocks outside the Nifty500 during emerging opportunities. Additionally, during uncertain market conditions, the fund can shift allocations towards debt or arbitrage strategies, enhancing risk management and optimizing returns.

Commenting on the launch, Viraj Gandhi, CEO of SAMCO Asset Management Private Limited, said, “The launch of our Multi Cap Fund marks a significant milestone in our journey to offer innovative investment solutions. We believe this fund addresses a crucial need in the market for a strategy that can dynamically navigate across market capitalization while maintaining a strong focus on risk management. We aim to provide investors with the potential for long-term wealth creation while being mindful of downside protection.”

The Multi Cap Fund category is one of the fastest-growing segments in the mutual fund industry. The category has seen a growth of 84.54% over the last three years. This category offers diversification across market capitalization, making it an ideal choice for investors looking to invest in equities for the long term. With its broad-based exposure to large-cap, mid-cap, and small-cap stocks, multi-cap diversification provides the potential for consistent returns over an extended investment horizon.

Umeshkumar Mehta, Chief Investment Officer (CIO) of SAMCO Asset Management Private Limited, added, “Our Multi Cap Fund’s investment approach is backed by rigorous research and a data-driven methodology. We’ve designed a robust framework that enables us to identify opportunities across the market spectrum – from large caps to small caps and beyond the Nifty 500. What sets us apart is our ability to dynamically adjust our equity exposure based on market conditions, as evidenced by our track record of reducing exposure during significant market downturns. This strategy aims to help investors participate in the growth potential of various market segments while managing volatility.”

The SAMCO Multi Cap Fund utilizes a sophisticated drawdown management strategy that has demonstrated reduced equity exposure during major market downturns. This dynamic investment strategy allows for flexible asset allocation, adjusting exposure across market caps based on market conditions and opportunities.

The fund distinguishes itself through a comprehensive market approach covering multiple market segments, active risk management, and the ability to identify and invest in opportunities beyond traditional index constituents. The fund’s model has demonstrated superior drawdown management compared to the NIFTY Multi Cap benchmark during historical market downturns, showcasing its commitment to protecting investor capital while seeking growth opportunities.

For more information about the SAMCO Multi Cap Fund and the NFO, please visit our website at https://www.samcomf.com/mutual-funds/samco-multip-cap-fund-direct-growth/mcdgg

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MUMBAI: Invesco Mutual Fund today announced the launch of its new fund Invesco India Technology Fund, (an open-ended equity scheme investing in technology and technology-related sectors).

Invesco India Technology Fund seeks to generate capital appreciation by investing 80% – 100% in equity & equity related instruments of companies in technology and technology-related sectors, companies focused on driving transformative innovations across technology, automation, robotics, artificial intelligence, cloud computing, and other technology companies including those benefiting from increased digital adoption. This fund will adopt both top-down and bottom-up approaches and will invest across market capitalization balancing large-cap stability with midcap growth and small-cap potential. The fund will target investments in Indian Technology Companies alongside global technology leaders and innovators*. The fund will be benchmarked to Nifty IT TRI and will be managed by the fund managers, Hiten Jain and Aditya Khemani.

Speaking at the launch, Taher Badshah, Chief Investment Officer, of Invesco Mutual Fund said, “After a phase of subdued growth, the global IT services sector appears ready for recovery as the global economic environment stabilizes and as conditions build for a potential reversal of the hitherto rising global interest rate cycle. Not only has the Indian IT services sector gained share during this period in helping global companies manage costs, but it is also well positioned to accelerate growth going forward as adoption of new technologies revive global discretionary technology spends.”

Hiten Jain, Fund Manager, Invesco Mutual Fund further said, “Today’s world is driven by technology, and businesses are embracing newer technologies, creating new growth opportunities for IT companies. The sector is gaining strength, supported by digitalization, government initiatives, and other factors. Moreover, valuations are reasonable, and we anticipate a cyclical recovery in earnings driven by improving business sentiment.”

The minimum investment amount during the NFO is Rs. 1,000/- and in multiples of Re. 1/- thereafter. For SIP investments, the minimum application amount is Rs. 500/- and in multiples of Re. 1/- thereafter. The fund will charge an exit load of 0.50% for units redeemed/switched out on or before 3 months from the date of allotment. No exit load will be charged if units are redeemed/switched out after 3 months.

The New Fund Offer (NFO) is now open for subscription from today (3 September 2024) and will close on 17 September 2024.

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MUMBAI: In a significant move to tap into the dynamic growth of the Indian banking sector, Axis Mutual Fund is excited to announce the New Fund Offer (NFO) of the ‘Axis Nifty Bank Index Fund’. This open-ended index fund aims to track the Nifty Bank TRI, providing investors with a mechanism to participate directly in the growth narrative of leading Indian banks.

“India’s economic rise is a compelling narrative driven by several factors. If addressed effectively, our growth story has the potential to propel the nation toward becoming a major global economic power. Against this backdrop, India’s banking sector continues to exhibit growth and resilience,” remarked B. Gopkumar, MD & CEO, Axis AMC. “Fuelled by robust regulatory frameworks and the rapid adoption of digital banking, the sector is well-positioned for sustained expansion. The Axis Nifty Bank Index Fund offers investors a strategic opportunity to tap into this growth opportunity. The sector benefits from a strong emphasis on innovation and adherence to the highest governance standards, thereby capitalizing on the transformative trends reshaping India’s banking landscape.”

Managed by Mr. Karthik Kumar and Mr. Ashish Naik, the fund aims to provide returns before expenses that correspond to the total returns of the Nifty Bank TRI, subject to tracking errors. However, there is no assurance that the investment objective of the scheme will be achieved.

The index comprises some of the largest and most liquid banking stocks in India, representing a crucial segment of the national economy.

“This fund is an interesting opportunity for investors to gain exposure to the banking sector, which is expected to play a pivotal role in India’s economic expansion,” explained Ashish Gupta, Chief Investment Officer at Axis AMC. “With increasing financial inclusion and a shift towards more sophisticated banking services, the sector can offer the potential for significant returns.”

The Axis Nifty Bank Index Fund

The Scheme would invest in stocks comprising the underlying index and shall track the benchmark index. The Scheme may also invest in debt and money market instruments, in compliance with Regulations to meet liquidity and expense requirements. The Scheme shall invest in stocks forming part of the underlying Index in the same ratio as per the index to the extent possible and to that extent follow a passive investment strategy, except to the extent of meeting liquidity and expense requirements. Essentially, the fund employs a passive investment strategy designed to mirror the performance & constituents of the Nifty Bank TRI. Further, the index undergoes rebalancing on a semi-annual basis to ensure it reflects the current landscape of the sector by including the companies that best represent its performance.

The Axis Nifty Bank Index Fund can be a potentially attractive option for investors seeking to capitalize on the sector’s growth by including a diversified mix of Large-Cap and Mid-Cap banking companies (PSUs as well as Private Banks). “The Axis Nifty Bank Index Fund offers a cost-effective and efficient way to gain exposure to the Indian banking sector and we invite investors to seize this opportunity,” concluded Mr. Gopkumar.

The NFO will open for subscriptions on May 3, 2024, and will close on May 17, 2024.

For detailed information on the investment strategy and to view the Scheme Information Document (SID)/Key Information Memorandum (KIM), please visit www.axismf.com.

Product Labelling and Riskometer: Axis Nifty Bank Index Fund (an open-ended index fund tracking the Nifty Bank TRI)

*Investors should consult their financial advisors if in doubt about whether the fund is suitable for them

(The product labeling assigned during the New Fund Offer is based on an internal assessment of the Scheme Characteristics or model portfolio and the same may vary post NFO when actual investments are made.)

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The fund will be benchmarked against the Nifty LargeMidcap 250 Index TRI (Total Returns Index) and will invest a minimum of 35% each in large caps and mid-cap stocks, respectively. The portfolio will be built utilizing a combination of the top-down and bottom-up portfolio construction process, focusing on the fundamentals of each stock, including quality of management. The fund manager will aim to build a diversified portfolio with exposure across sectors.

Vinay Paharia, CIO, of PGIM India Mutual Fund, said, “There is a continuing opportunity for investing in high growth and good quality Large and Mid Cap companies which can take advantage of the India growth story. Such companies can continue to compound capital at a rapid pace in a capital-efficient manner for a long period.“

The equity portion of the fund will be managed by Vinay Paharia, Anandha Padmanabhan, Anjeneya, and Utsav Mehta, while the debt portion will be managed by Puneet Pal. Ojasvi Khicha will manage the overseas investments for the scheme.

Ajit Menon, CEO, of PGIM India Mutual Fund, said, “Portfolios following a style with a predominance of good quality and high growth companies have relatively underperformed in recent times. This provides an attractive opportunity for investors to accumulate units in a large and mid-cap fund following this style at the current juncture. This fund is suitable for new investors as well as existing investors looking to rebalance and reduce any concentration risks in their current portfolio.“

The fund opens for subscription on January 24, 2024, and closes on February 07, 2024. The minimum application amount for initial purchase/switch-in is a minimum of Rs. 5,000/- and in multiples of Re. 1/- thereafter. The fund re-opens for continuous sale and repurchase within 5 Business Days from the date of allotment.

Mutual fund investments are subject to market risks, read all scheme-related documents carefully. The product is suitable for investors who are seeking long-term capital growth and investing in equity and equity-related securities of predominantly large-cap and mid-cap stocks. The degree of risk is VERY HIGH.

PGIM India Mutual Fund is a wholly-owned business of PGIM, the global investment management business of the US-based Prudential Financial, Inc. (PFI). PGIM India Asset Management is the full-service investment manager of PGIM India Mutual Fund, offering a broad range of equity and fixed-income solutions to retail and institutional investors throughout the country. The fund house leverages the strength and stability of PGIM’s 145-year legacy to build on its decade-long history in India.

PGIM is the global asset management business of Prudential Financial, Inc. (NYSE: PRU), a leading global investment manager with more than US$1.2 trillion in assets under management as of 30 Sept. 2023. With offices in 18 countries, PGIM’s businesses offer a range of investment solutions for retail and institutional investors around the world across a broad range of asset classes, including public fixed income, private fixed income, fundamental equity, quantitative equity, real estate, and alternatives.

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