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Mahindra Mutual Fund introduces Dhan Sanchay Yojana

Mahindra Mutual Fund has launched the Mahindra Mutual Fund Dhan Sanchay Yojana, an open ended growth scheme. The NFO opens for subscription on January 10, 2017 and closes on January 24, 2017. Entry load will be nil and exit load will be 1% is payable if Units are redeemed / switched-out up to 1 year from the date of allotment; 5 - Nil if Units are redeemed / switched-out after 1 year from the date of allotment applicable for the scheme. The minimum subscription amount is Rs 1,000 and in multiples of Re 1 thereafter.

The scheme’s performance will be benchmarked against 45% Nifty Index and 55% Crisil Composite Bond Fund Index and its fund managers are Rahul Pal and Ratish Varier.

The investment objective of the scheme is to generate long term capital appreciation and also income through investments in equity and equity related instruments, arbitrage opportunities and investments in debt and money market instruments.

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