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Indian-Commodity  :  Mutual Funds  :  Mahindra Mutual Fund introduces Fund Bal Vikas Yojana

Mahindra Mutual Fund introduces Fund Bal Vikas Yojana (20-Apr-2017)

Mahindra Mutual Fund has launched the Mahindra Mutual Fund Bal Vikas Yojana, an open ended balanced scheme. The NFO opens for subscription on April 20, 2017 and closes on May 04, 2017. Entry load will be nil and Under Compulsory Lock-in: No exit load post lock-in period and Under No Lock-in 3% is payable if Units are redeemed / switched-out up to 1 year from the date of allotment, an exit Load of 2% is payable if Units are redeemed / switched-out after 1 year and up to 2 years from the date of allotment, an exit load of 1% is payable if Units are redeemed / switched-out after 2 years and up to 3 years from the date of allotment, and Nil if Units are redeemed / switched-out after 3 years 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 50% CNX Nifty + 50% CRISIL Composite Bond Fund Index and its fund managers are Rahul Pal and RatishVarier.

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


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