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Mahindra Mutual Fund Launches Large Cap Fund NFO



Mahindra Mutual Fund has launched a New Fund Offer (NFO) for Mahindra Pragati Bluechip Yojana. The NFO period begins on February 22, 2019 and will end on March 08, 2019. The open-ended scheme aims to provide long term capital appreciation to investors by investing in equity and equity related instruments of large cap companies (top 100 companies in terms of full market capitalisation). The scheme will reopen for continuous sale and repurchase within 5 business days from the date of allotment of units.

Asset Allocation of Mahindra Pragati Bluechip Yojana

Under normal circumstances, the asset allocation of the Mahindra Pragati Bluechip Yojana will be as follows:

Asset ClassAsset Allocation
MinimumMaximum
Equity and Equity related securities of large

cap companies

80%100%
Equity and Equity related securities of other companies0%20%
Debt and Money Market securities0%20%
Units issued by REITs & InvITs0%10%

The scheme will not invest in foreign securities, securitised debt, credit default swaps and repos in corporate bonds.

Benchmark of Mahindra Pragati Bluechip Yojana

The performance of Mahindra Pragati Bluechip Yojana will be benchmarked against NIFTY 50 Index (TRI) which is a diversified index comprising of large cap companies. The return details of the index are as follows:

Index1 Year Return3 Year Return5 Year Return
NIFTY 50 – TRI-0.35%14.20%13.61%

(Data as on January 31, 2019; Source: Pulse Labs)

Fund Manager of Mahindra Pragati Bluechip Yojana

Mahindra Pragati Bluechip Yojana will be managed by Mr. V. Balasubramanian.

Key information about Mahindra Pragati Bluechip Yojana NFO

NFO periodFebruary 22, 2019 – March 08, 2019
Minimum application amountRs. 1,000
Exit load1% – If units are redeemed/switched-out

In or before 1 year from the date of allotment

Nil – If units are redeemed/switched-out after 1 year from the date of allotment

BenchmarkNIFTY 50 Index (TRI)
Fund ManagerV. Balasubramanian



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