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Mahindra Asset Management Company Pvt. Ltd. (MAMCPL), the investment manager to Mahindra Mutual Fund and a wholly owned subsidiary of Mahindra Finance launched Mahindra Unnati Emerging Business Yojana, Mid Cap Fund – An open ended equity scheme predominantly investing in mid cap schemes. The New Fund Offer opens on January 8, 2018 and closes on January 22, 2018. The scheme will reopen for continuous sale and repurchase from February 6, 2018.
Mr Ashutosh Bishnoi, MD & CEO, Mahindra AMC said, “Indian economy is poised for a multiyear growth phase, with the governments focus on reforms. Investment opportunities will also emerge with formalisation of economy leading to shifting of market share from unorganised to organised sector in highly fragmented consumer segments bringing nations progress closer to every household.
Mr Bishnoi, further added, In a relatively sluggish macro growth environment Midcap companies have shown higher earnings growth compared to large caps. We do see enough scope for stock-specific investment opportunities in the mid-cap space, especially in those segments that have multi-year structural growth outlook. As economies become larger there are multiple opportunities / niche in multiple sectors to create a fair market place. The fund would give investors an opportunity to participate in the growth story of today’s emerging companies which have the potential to become market leaders in the future.
The scheme would invest minimum 65% in Mid Cap companies and upto 35% in stocks other than mid cap. Bottom up stock selection will focus on market leaders in smaller markets or focused single-line businesses in larger markets, that have shown growth and are likely to be the next large caps.
For More Information Contact :
Mr Manoj Kumar / E-Mail : email@example.com