NFO Alert: Mahindra Manulife Launches Innovation Opportunities Fund Opens on January 9

Mahindra Manulife Mutual Fund has launched the Innovation Opportunities Fund, an open-ended equity scheme focusing on companies driving innovation across sectors.  

The New Fund Offer (NFO) is open for subscription from January 9 to January 23, with the scheme reopening for continuous sale and repurchase on February 2. 

Investment Theme and Allocation Strategy 

The Mahindra Manulife Innovation Opportunities Fund aims to invest in equity and equity-related instruments of companies that follow an innovation-centric approach. These may include enterprises engaged in product, process or service innovations.  

The fund intends to allocate 80%–100% of its assets to such innovation-led companies. Additionally, it may invest up to 20% in equities that do not fall under the innovation theme. 

The scheme also allows investment of up to 20% in foreign securities, including overseas mutual funds, and up to 20% in debt and money market instruments.  

A maximum of 10% may be allocated to Infrastructure Investment Trusts (InvITs) and Real Estate Investment Trusts (REITs), subject to limits set by regulations. 

Fund Management and Key Information 

The fund is jointly managed by Kirti Dalvi and Renjith Sivaram Radhakrishnan. The NFO window will be open for 15 days, starting January 9 and closing on January 23. The continuous sale and repurchase facility will begin from February 2. 

Mahindra Manulife Mutual Fund is a joint venture between Mahindra & Mahindra Financial Services and Manulife Investment Management (Singapore), combining domestic and international investment expertise. 

Read More: NFO Alert: Bank of India Mutual Fund Launches Banking and Financial Services Fund! 

Conclusion 

Mahindra Manulife Innovation Opportunities Fund introduces a new investment avenue focused on innovation themes. With flexible asset allocation and expert fund management, the scheme is structured to explore evolving sectors through equity instruments. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or 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. 

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