16 Dec 2019 | 1:54 PM

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COMPANYNEWS
Mahindra Top 250 Nivesh Yojana floats on
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Published on 11-15-2019
Mahindra Mutual Fund has launched a new Open Ended Growth scheme named Mahindra Top 250 Nivesh Yojana with maturity period of 0 days from the launch date.


The New Fund Offer (NFO) price for the scheme is Rs 10.00 per unit which will open for subscription from Dec 06 to Dec 20 2019.


According to the offer document filed with SEBI the entry load is Nil and exit load is 1.


The minimum application amount is Rs 1000.00 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Dividend Growth.


The fund manager of the scheme will be V Balasubramanian while the performance of the scheme will be benchmarked against Nifty Large Midcap 250 Total Return.


The investment objective of the Scheme is to seek long term capital growth through investments in equity and equity related securities of both large cap and mid cap stocks. However there can be no assurance that the investment objective of the Scheme will be achieved.