Mahindra AMC launches “Mahindra Unnati Emerging Business Yojana”
Bangalore, January 08, 2018: Mahindra Asset Management Company Pvt. Ltd. (MAMCPL), the investment manager to Mahindra Mutual Fund and a wholly owned subsidiary of Mahindra Finance will launch 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.
MrAshutosh Bishnoi, MD & CEO, Mahindra AMC said, “Indian economy is poised for amultiyear growth phase, with the governments focus on reforms. Investmentopportunities will also emerge with formalisation of economy leading toshifting of market share from unorganised to organised sector in highly fragmentedconsumer segments bringing nations progress closer to every household.
MrBishnoi, further added, In a relatively sluggish macro growth environment Midcap companieshave shown higher earnings growth compared to large caps. We do see enoughscope for stock-specific investment opportunities in the mid-cap space,especially in those segments that have multi-year structural growth outlook. Aseconomies become larger there are multiple opportunities / niche in multiplesectors to create a fair market place. The fund would give investors anopportunity to participate in the growth story of today’s emerging companieswhich have the potential to become market leaders in the future.
The fourreasons to invest in the scheme are as follows:
a) GrowingIndia : India has the potential to become one of the fastest growingeconomies in the world
b) ReturnPotential: Medium sized businesses that are upgrading and innovatingregularly have a potential to generate higher risk adjusted returns in the longterm
c) Qualityof Investment: Bottom-up selection of focused sustainable businessesacross sectors that are likely to be tomorrow's large caps
d) ActiveManagement: An actively managed portfolio with primary investments inmid-cap segment
The scheme issuitable for investors who seek long term capital appreciation
The schemewould invest minimum 65% in Mid Cap companies and upto 35% in stocks other thanmid cap. Bottom up stock selection will focus on market leaders in smallermarkets or focused single-line businesses in larger markets, that have showngrowth and are likely to be the next large caps.