Mahindra Manulife Mutual Fund Filed Draft With SEBI Innovation Opportunities Fund

Mahindra Manulife Mutual Fund has submitted draft papers to the Securities and Exchange Board of India (SEBI) for the launch of the Mahindra Manulife Innovation Opportunities Fund. It will be an open-ended equity scheme offered at ₹10 per unit during the New Fund Offer (NFO) period.

Investment Objective

The scheme’s stated objective is to achieve long-term capital appreciation by investing primarily in equity and equity-related instruments of companies aligned with the innovation theme. While 80-100% of assets will be in such equities, up to 20% can be invested in other equity instruments.

Asset Allocation

Apart from equities, the scheme may invest up to 20% in debt and money market securities, and up to 10% in REITs and InvITs. Foreign securities, including ADRs, GDRs, and overseas equities, may also form part of the portfolio, capped at 20% of net assets. Within six months of the NFO, an initial investment of US$5 million in overseas markets is planned.

Benchmark and Risk

The scheme will track the Nifty 500 TRI as its benchmark. According to SEBI’s Riskometer, the fund is placed under the Very High Risk category, reflecting its equity-heavy exposure.

Plans and Redemption

The fund will be available in Regular and Direct Plans, each with Growth and IDCW options. Redemptions within three months from allotment will carry an exit load of 0.5%, while no load will apply thereafter.

Read more: NFO Alert: Union Mutual Fund Launches Diversified Equity All-Cap Active FoF!

Management

The scheme will be jointly managed by Kirti Dalvi and Renjith Sivaram Radhakrishnan, both associated with Mahindra Manulife Investment Management Private Limited.

Conclusion

The draft filing outlines a thematic equity scheme focusing on innovation-led companies in India and abroad, offering investors exposure across domestic and overseas markets.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

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