Mahindra AMC launches two new schemes  

image

Mahindra Mutual Fund Bal Vikas Yojana and Mahindra Mutual Fund Badhat Yojana

 

New Fund Offers open for initial subscription from April 20 to May 4, 2017

 

Bengaluru, April 27, 2017: Mahindra Asset Management Company Pvt. Ltd. (MAMCPL), the investment manager to Mahindra Mutual Fund and the wholly owned subsidiary of Mahindra Finance, announced the launch of its two open-ended schemes ‘Mahindra Mutual Fund Bal Vikas Yojana’ an open ended balanced scheme and ‘Mahindra Mutual Fund Badhat Yojana’ an open ended equity scheme. The new fund offer will open from April 20, 2017 and will close on May 4, 2017. Thereafter, the scheme(s) will reopen for continuous sale and repurchase from May 18, 2017.

‘Mahindra Mutual Fund Bal Vikas Yojana’ seeks to generate capital appreciation and income generation over medium to long term through investment in equity and equity related instruments as well as debt and money market instruments. Investments in this fund can be made only in the name of the minor child and contributions in the investment account could be made by all family members and friends. The fund offers optional lock-in investment till the child turns 18 years old.

‘Mahindra Mutual Fund Badhat Yojana’ is best suited for investors who are keen to get medium to long term capital appreciation through investment predominantly in equity and equity related securities including derivatives.

Inflation often leads to erosion of capital, investment in equity funds helps beat inflation.

Ashutosh Bishnoi, CEO and Managing Director, MAMCPL said, “Every household in India has a culture of saving instilled in them. We want to leverage on this culture and explain the investment opportunities through our offerings for every customer profile. In a family, securing a child’s future, safety and wealth creation are top priorities. Therefore goal-based financial planning through our products like ‘Mahindra Mutual Fund Bal Vikas Yojana’ and ‘Mahindra Mutual Fund Badhat Yojana’ helps in systematic investments to create a secure future.”

He added, “Children these days have unconventional dreams and aspirations. Meticulous financial planning can help ensuring they have all the education and facilities they require to fructify their dreams. The first step however is to start as early as you can.”

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 4 million customers and has an AUM of over USD 6 billion. The Company is a leading vehicle and tractor financier and also offers fixed deposits and loans to SMEs. The Company has over 1,100 offices across the country and is the first Non Banking Finance Company from India to form a part of Dow Jones Sustainability Index. 

The Company has a Joint Venture in the US, Mahindra Finance USA, in partnership with De Lage Landen, a subsidiary of Rabo Bank, for financing Mahindra tractors in US.

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 areas of the country.

 

About Mahindra

The Mahindra Group focuses on enabling people to rise through solutions that power mobility, drive rural prosperity, enhance urban lifestyles and increase business efficiency.

A USD 17.8 billion multinational group based in Mumbai, India, Mahindra provides employment opportunities to over 200,000 people in over 100 countries. Mahindra operates in the key industries that drive economic growth, enjoying a leadership position in tractorsutility vehiclesinformation technologyfinancial services  andvacation ownership. In addition, Mahindra enjoys a strong presence in the agribusiness, aerospace, components, consulting services, defence, energy, industrial equipment, logistics, real estate, retail, steel, commercial vehicles and two wheeler industries.

In 2015, Mahindra & Mahindra was recognized as the Best Company for CSR in India in a study by the Economic Times. In 2014, Mahindra featured on the Forbes Global 2000, a comprehensive listing of the world’s largest, most powerful public companies, as measured by revenue, profit, assets and market value. The Mahindra Group also received the Financial Times ‘Boldness in Business’ Award in the ‘Emerging Markets’ category in 2013.

 

Visit us at www.mahindra.com

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s