New Debt Mutual Fund Scheme: Mahindra Manulife Investment Management Private Limited has launched a new scheme in the debt segment for mutual fund investors. The scheme is named Mahindra Manulife Short Term Fund. It is an open-ended short term debt scheme. The scheme will invest in debt instruments maturing in 1 to 3 years. Its New Fund Offer (NFO) has opened for investment from 9 February. Investments can be made in this scheme till 16 February. From 25 February 2021, the scheme will be open for re-purchase and sale. Know the special features of this fund….
Can get good returns from FD, RD
Mahindra Manulife Short Term Fund is better for investors who want to keep their investment target for 1 year to 3 years. This is a better option for those investors who are looking for safety as well as liquidity. If you are looking for an alternative to traditional investment i.e. FD or RD, then it can prove to be a better scheme. This scheme has the ability to give better risk-adjusted returns.
Investment in high-quality securities
Rahul Pal, the head-fixed income of Mahindra Manuel Mutual Fund, says Mahindra Manuelife Short-Term Fund aims to invest a major portion of its portfolio in high-quality securities. For this, a target of 1 to 3 years will be set. The investment will be decided in such a way that the risk of concentration can be minimized by continuously monitoring the sector or company in which the investment is made. Liquidity will be taken care of.
He said that no debt scheme of Manulife Mutual Fund has defaulted yet. The reason for this is the fund house’s robust process of assessing risk. Apart from this, some global processes have also been included in this.
Focus on safety and liquidity
Ashutosh Bishnoi, MD & CEO of Mahindra Manulife Investment Management Pvt., Says that given the current volatility environment, Mahindra Manuel Mutual Fund encourages retail investors to invest in the debt market. This fund is a better option for investors who focus on security and liquidity with a target of 1 to 3 years. Even the RBI has allowed retail investors to buy government bonds directly. India is the first country in Asia to do so.