Bangalore, 21 August 2023: Mahindra Manulife Mutual Fund, a joint venture between Mahindra & Mahindra Financial Services Limited (“Mahindra Finance”) and Manulife Investment Management (Singapore) Pte. Ltd., unveils its latest investment opportunity – the ‘Mahindra Manulife Business Cycle Fund.’ This open-ended equity scheme shall follow business cycles-based investing theme, catering to investors with an appetite for long-term capital appreciation through equity and equity-related securities.
Mahindra Manulife Business Cycle Fund aims to generate capital appreciation by investing predominantly in equity and equity-related securities with a focus on investing in companies and sectors to participate in the business cycles through active portfolio allocation. The fund seeks to empower investors to make well-informed decisions that transcend business cycle divergences by astute monitoring and discerning the junctures using the economic and market cycle parameters.
Anthony Heredia, MD & CEO of Mahindra Manulife Mutual Fund, highlighted the significance of this offering, stating, ” Through a judicious alignment of economic shifts and market dynamics, we provide investors with an opportunity to add a long-term tactical play to their core fund portfolios. This fund complements our existing product portfolio and is well suited to both one time as well as SIP investments.”
Mahindra Manulife Business Cycle Fund will be managed by Krishna Sanghavi, Chief Investment Officer – Equity, who brings over 28 years of experience in the Indian equity markets, along with Mr. Renjith Sivaram Radhakrishnan. Krishna Sanghavi emphasized the fund’s core objective: “The fund strategically aims to integrate the economic cycle and market cycle with a view to construct portfolio based on sectoral preferences depending upon stages of business cycles, in order to generate long-term capital appreciation. At Mahindra Manulife, we believe our new offering Mahindra Manulife Business Cycle Fund is tailored to seize opportunities across market capitalization in equity markets using a blend of top-down Business Cycle/Sector identification and bottom-up stock selection approach.”
The investment approach of Mahindra Manulife Business Cycle Fund amalgamates top-down and bottom-up methodologies, providing a comprehensive strategy. This process shall commence with a thorough identification of the prevailing business cycle and sectoral trends, providing a robust framework for portfolio allocation. During favorable business cycles, the fund will emphasize investments in high-quality companies, ensuring diversification across market capitalizations and exposure to diverse investment prospects. Additionally, the fund shall strategically focus on sectors that correspond with distinct business cycle stages. By integrating these methodologies, the Mahindra Manulife Business Cycle Fund endeavors to optimize returns while effectively managing risk through well-informed sector and stock selection decisions.
The Mahindra Manulife Business Cycle Fund invites investors to embark on a transformative investment journey that aligns with the fluid dynamics of economic and market cycles. The ‘New Fund Offer’ (NFO) is set to open on 21st August 2023, with the subscription window closing on 4th September 2023. The fund will subsequently reopen for continuous sale and repurchase from 13th September 2023.
