Mahindra Manulife MF Launches Mahindra Manulife Business Cycle Fund

Mahindra Manulife Mutual Fund has unveiled the Mahindra Manulife Business Cycle Fund an open-ended equity scheme that shall follow a business cycles-based investing theme, catering to investors with an appetite for long-term capital appreciation through equity and equity-related securities.

The  'New Fund Offer' (NFO) is set to open on 21 August 2023, with the subscription window closing on 4 September 2023. The fund will subsequently reopen for continuous sale and repurchase on September 13, 2023.

The Mahindra Manulife Business Cycle Fund invites investors to embark on a transformative investment journey that aligns with the fluid dynamics of economic and market cycles.

The new fund aims to generate capital appreciation by investing predominantly in equity and equity-related securities, with a focus on investing in companies and sectors to participate in business cycles through active portfolio allocation. The fund seeks to empower investors to make well-informed decisions that transcend business cycle divergences by astute monitoring and discerning junctures using economic and market cycle parameters.

Anthony Heredia, MD & CEO of Mahindra Manulife Mutual Fund, highlighted the significance of this offering, stating, "Through a judicious alignment of economic shifts and market dynamics, we provide investors with an opportunity to add a long-term tactical play to their core fund portfolios. This fund complements our existing product portfolio and is well suited to both one-time as well as SIP investments."

Mahindra Manulife Business Cycle Fund will be managed by Krishna Sanghavi, Chief Investment Officer – Equity, who brings over 28 years of experience in the Indian equity markets, along with Renjith Sivaram Radhakrishnan. Krishna Sanghavi emphasized the fund's core objective: "The fund strategically aims to integrate the economic cycle and market cycle with a view to construct a portfolio based on sectoral preferences depending upon stages of business cycles, in order to generate long-term capital appreciation. At Mahindra Manulife, we believe our new offering Mahindra Manulife Business Cycle Fund is tailored to seize opportunities across market capitalization in equity markets using a blend of top-down Business cycle and sector identification and bottom-up stock selection approaches.”

The investment approach of Mahindra Manulife Business Cycle Fund amalgamates top-down and bottom-up methodologies, providing a comprehensive strategy. This process shall commence with a thorough identification of the prevailing business cycle and sectoral trends, providing a robust framework for portfolio allocation. During favorable business cycles, the fund will emphasize investments in high-quality companies, ensuring diversification across market capitalizations and exposure to diverse investment prospects. Additionally, the fund shall strategically focus on sectors that correspond with distinct business cycle stages. By integrating these methodologies, the Mahindra Manulife Business Cycle Fund endeavors to optimize returns while effectively managing risk through well-informed sector and stock selection decisions.