पत्रिका जगत Positive Journalism
Jaipur, February 20, 2019: Mahindra Mutual Fund, a wholly owned subsidiary of Mahindra and Mahindra Financial Services Limited (MMFSL) launches new open ended equity scheme ‘Mahindra Pragati Bluechip Yojana,’ for investors who are seeking long-term capital appreciation and growth opportunities by investing in a portfolio constituted of predominantly equity and related securities including derivatives of large cap companies.
Mr Ashutosh Bishnoi, MD & CEO, Mahindra Mutual Fund said, “India’s large cap companies’ have shown lesser volatility in different market cycles, while valuations have remained relatively reasonable over these market cycles, making it an all season choice. Market cap to GDP has shown a positive trend, while large caps have historically represented more than half the market, making a strong case for investment. We believe the scheme will offer an attractive long-term investment opportunity, hence investors seeking higher capital appreciation from their investment should consider participating in Mahindra Pragati Bluechip Yojana.”
The New Fund Offer opens on February 22, 2019 and closes on March 08, 2019. The scheme will reopen for continuous sale and repurchase within 5 business days from the date of allotment.
Mr. Venkataraman Balasubramanian, Chief Equity Strategist, Mahindra Mutual Fund said, “Mahindra Pragati Bluechip Yojana aims to have high conviction concentrated portfolio in a staggered fashion with a focus to generate alpha, and follow blended style of investing-growth and value. In terms of strategy, the fund will have top down approach to identify sectorswith potential, across different periods based on emerging macro trends, while the fund will also have a bottom up stock selection from the big 100 companies that have good governance and strong leadership tactical calls for short to medium investment horizons.”
The scheme would invest minimum 80% in equity and equity related instruments of large cap companies, and upto 20% in equity and equity related instruments of other companies. The scheme would invest upto 20% in debt and money market securities, and upto 10% in units issued by REITs & InvITs.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
About Mahindra Mutual Fund
Mahindra Asset Management Company Private Limited, a company incorporated under the Companies Act, 1956, is the Investment Manager for Mahindra Mutual Fund. It is a wholly owned subsidiary of Mahindra and Mahindra Financial Services Limited (MMFSL).Mahindra Mutual Fund endeavors to offer a variety of mutual fund schemes pan-India, with special focus in rural and semi-urban areas.
Statutory Details: Mahindra Mutual Fund has been constituted as a Trust under the Indian Trusts Act, 1882. Sponsor: Mahindra & Mahindra Financial Services Limited. (liability of Sponsor limited to Rs. 1,00,000/-) Trustee: Mahindra Trustee Company Private Limited. Investment Manager: Mahindra Asset Management Company Private Limited. The Sponsor, Trustee and Investment Manager are incorporated under the Companies Act, 1956.
About Mahindra & Mahindra Financial Services Limited
Mahindra & Mahindra Financial Services Limited (Mahindra Finance), part of the Mahindra Group, is one of India’s leading non-banking finance companies. Focused on the rural and semi-urban sector, the Company has over 5.9 Million customers and has an AUM of over USD 9 Billion. The Company is a leading vehicle and tractor financier and also offers fixed deposits and loans to SMEs. The Company has 1,313 offices and reaches out to customers spread over 3,50,000 villages & 7,000 towns across the country.
Mahindra Finance is the only Non-Banking Finance Company from India to be listed on the Dow Jones Sustainability Index in the Emerging Market Category. Mahindra Finance has been ranked 14th on the list of India’s Best Companies to work for 2018, by Great Place to Work® Institute and among the Best BFSI Brands 2018 by The Economic Times.
The Company’s Insurance Broking subsidiary, Mahindra Insurance Brokers Limited (MIBL), is a licensed Composite Broker providing Direct and Reinsurance broking services.
Mahindra Rural Housing Finance Limited (MRHFL) a subsidiary of Mahindra Finance provides loans for purchase, renovation, construction of houses to individuals in the rural and semi-urban areas of the country.
Mahindra Asset Management Company Private Limited (MAMCPL), a wholly-owned subsidiary of Mahindra Finance, is acting as the Investment Manager of Mahindra Mutual Fund.
The Company has a JV in US, Mahindra Finance USA LLC, in partnership with De Lage Landen, a subsidiary of Rabo Bank, for financing Mahindra tractors in US.
About Mahindra
The Mahindra Group is a USD 20.7 billion federation of companies that enables people to rise through innovative mobility solutions, driving rural prosperity, enhancing urban living, nurturing new businesses and fostering communities. It has a leadership position in utility vehicles, information technology, financial services and vacation ownership in India and is the world’s largest tractor company, by volume. It also enjoys a strong presence in agribusiness, components, commercial vehicles, speedboats, consulting services, energy, industrial equipment, logistics, real estate, steel, aerospace, defence and two wheelers. Headquartered in India, Mahindra employs over 240,000 people across 100 countries.
