Mahindra Mutual Fund has announced 27 March 2019 as the record date for declaration of dividend on the face value of Rs 10 per unit under dividend option in regular plan & direct plan of Mahindra Dhan Sanchay Equity Savings Yojana. The amount of dividend will be Rs 0.06 per unit under each plan/ option as on the record date.Powered by Capital Market - Live News

Mahindra Mutual Fund has launched a new fund named as Mahindra Pragati Bluechip Yojana, an open ended equity scheme predominantly investing in large cap stocks. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 22 February to 08 March 2019.The investment objective of the Scheme is to provide long term capital appreciation & provide long-term growth opportunities by investing in a portfolio constituted of equity & equity related securities and derivatives predominantly in large cap companies.The scheme offers growth option, dividend option; dividend option will have dividend payout and dividend reinvestment facility. The scheme would allocate 80%-100% of assets in Equity and Equity Related Securities of Large Cap companies with high risk profile, invest upto 20% of assets in Equity and Equity Related Securities of entities other companies with high risk profile, invest upto 20% of asset in Debt and Money Market Securities (including CBLO, Reverse Repo) with low to medium risk profile and upto 10% of assets in Units issued by REITs & InvITs with medium to high risk profile. The minimum application amount is Rs 1000 and in multiples of Re. 1/- thereafter. The minimum additional amount is Rs 1000 and in multiples of Re. 1/- thereafter. The fund seeks to collect a minimum subscription (minimum target) amount of Rs 10 crore under the scheme during the NFO period. Entry load: Not Applicable. Exit load: An Exit Load of 1% is payable if Units are redeemed / switched-out upto 1 year from the date of allotment; Nil if Units are redeemed / switched-out after 1 year from the date of allotment. The Scheme performance would be benchmarked against the Total Return Index (TRI) variant of the Nifty 50 Index. The fund manager of the scheme is V Balasubramanian.Powered by Capital Market - Live News

Mahindra Mutual Fund has announced that Sanjay D`Cunha ceases to be the investor Relations Officer of the Fund on account of internal restructuring. Pooja Vineet Deherkar has been designated as the key personnel and investor Relations Officer of the Fund with effect from 01 November 2018.Powered by Capital Market - Live News

Mahindra Asset Management Company Private Limited and Mahindra Trustee Company Private Limited have approved change in the benchmark of below mentioned schemes of the fund, with effect from 25 October 2018.Mahindra Low Duration Bachat Yojana:Existing Benchmark: CRISIL Liquid IndexRevised Benchmark: CRISIL Low Duration Debt IndexMahindra Credit Risk Yojana:Existing Benchmark: Composite Benchmark: 75% CRISIL AA Short Term Bond Index & 25% CRISIL AAA Short Term Bond IndexRevised Benchmark: NIFTY Credit Risk Bond IndexPowered by Capital Market - Live News

Mahindra Mutual Fund has launched a new fund named as Mahindra Rural Bharat and Consumption Yojana, An open ended equity scheme following Rural India theme. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 19 October to 02 November 2018.The investment objective of the Scheme is to provide long-term capital appreciation by investing predominantly in equity and equity related instruments of entities engaged in and/ or expected to benefit from the growth in rural India.The scheme offers growth option, dividend option; dividend option will have dividend payout and dividend reinvestment facility.The scheme would allocate 80%-100% of assets in Equity and Equity Related Instruments of entities having exposure towards rural India with high risk profile, invest upto 20% of assets in Equity and Equity Related Instruments of entities other than having exposure to rural India with high risk profile, invest upto 20% of asset in Debt and Money Market Securities (including CBLO, Reverse Repo) with low to medium risk profile and upto 10% of assets in Units issued by REITs & InvITs with medium to high risk profile.The minimum application amount is Rs 1000 and in multiples of Re. 1/- thereafter. The minimum additional amount is Rs 1000 and in multiples of Re. 1/- thereafter.The fund seeks to collect a minimum subscription (minimum target) amount of Rs 10 crore under the scheme during the NFO period.Entry load: Not Applicable.Exit load: An Exit Load of 1% is payable if Units are redeemed / switched-out upto 1 year from the date of allotment; Nil if Units are redeemed / switched-out after 1 year from the date of allotment.The Scheme performance would be benchmarked against the Total Return Index (TRI) variant of the Nifty 200 Index. The fund manager of the scheme is V Balasubramanian.Powered by Capital Market - Live News