Mahindra Manulife Flexi cap Yojana would invest 65% in equity and equity related securities, and will have an option to invest upto 35% in debt and money market securities including tri-party repo, reverse repo, and upto 10% in units issued by REITs & InvITs.
According to the press release, Mahindra Manulife Flexi cap Yojana will have portfolio allocation based on top-down approach and bottom-up stock selection. The fund will have flexibility to invest in opportunities across market capitalization, and aim to construct the portfolio with a mix of core investment opportunities, and tactical investment opportunities.
“Indian equity markets have sustained their rally upwards notwithstanding the fierce second wave of covid-19 pandemic. The benchmark indices have almost doubled since the declaration of nationwide lockdown at the end of March 2020. However, it’s very likely that equity markets may remain volatile owing to various uncertainties prevailing across global economies. The flexi cap funds are capable of delivering steady returns across market cycles, and are appreciated for their diversified approach that ensures balance between risk and return. The flexibility to switch, if and when needed to mid and small-caps, which are better positioned to capture any potential upside from expected economic recovery make these funds well acclaimed,” said Ashutosh Bishnoi, MD and CEO, Mahindra Manulife Investment Management Private Limited.
“The Mahindra Manulife Flexi cap Yojana is ideal for investors looking for an agile diversified fund. The fund will have robust GCMV process, an internal investment framework used for determining fair valuation of stocks which further helps in estimating valuation gaps (fair valuation vis a vis market price), if any. Opportunities are identified based on the identification of Catalysts that helps in bridging the valuation gaps by re-rating of the stocks,” said Krishna Sanghavi, Chief Investment Officer – Equity, Mahindra Manulife Investment Management.
