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Mahindra Mutual Fund launches Mahindra Ultra Short Term Yojana

by News Team | Mutual Fund

NFO period: 10th October - 16th October, 2019

Highlights of the NFO:

  • Scheme type - An open ended ultra-short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 to 6 months

  • Investment objective - The investment objective of the scheme is to generate regular income and capital appreciation through investment in a portfolio of short term debt & money market instruments such that the Macaulay duration of the portfolio is between 3 - 6 months. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved. The scheme does not assure or guarantee any returns.

  • Product suitability - This product is suitable for investors who are seeking regular income over short term by investing in a portfolio of short term debt and money market instruments.

  • Minimum Application Amount - First investment is Rs. 1,000/- and multiples of Rs. 1/- thereafter

  • Plan/ Options available - Direct Plan and Regular Plan having Growth Option and Dividend Option.

  • Fund Managers - Mr. Rahul Pal

  • Benchmark - CRISIL Ultra Short Term Debt Index

(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)