NFO Alert: Mahindra Manulife Mutual Fund Launches Banking & Financial Services Fund

Mahindra Manulife Mutual Fund has launched an open-ended equity scheme, Mahindra Manulife Banking & Financial Services Fund, with a focus on companies in the banking and financial services sector. The New Fund Offer (NFO) opens on June 27, 2025, and closes on July 11, 2025. The scheme will be available for continuous transactions from July 21, 2025.

Investment Coverage

The scheme will invest in equity and equity-related instruments of companies operating in the BFSI sector. This includes segments like banking, insurance, asset management, fintech, broking, and other financial services.

Objective and Strategy

The fund seeks to achieve long-term capital appreciation by investing in businesses engaged in financial services. While this is the stated goal, there is no guarantee of returns, and the scheme does not assure achievement of the investment objective.

Key Features

• Minimum Investment: ₹1,000, and in multiples of ₹1 thereafter
• Entry Load: Nil
• Exit Load: 0.5% for redemption within 3 months
• Plan Options: Growth, IDCW, IDCW-Reinvestment
• Fund Manager: Vishal Jajoo
• Benchmark: Nifty Financial Services Total Return Index

Read more: Digital Lending Startups Delay IPO Plans Amid Sluggish Growth in FY25!

Market Context

The BFSI sector currently accounts for over a third of India’s market capitalisation and continues to grow in corporate profit contribution. The fund aims to capture this potential through a diversified, fundamentals-based portfolio.

The scheme is aimed at investors looking for sector-specific exposure and willing to handle the risks associated with equity investments in a thematic fund.

Conclusion

The fund provides targeted access to the BFSI sector through a structured equity approach. Investors should review the Scheme Information Document (SID) and consult financial advisors before investing.

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. 

Mutual Fund Investments are subject to market risks, read all the related documents carefully before investing.