Mahindra Manulife Mutual Fund has launched Mahindra Manulife Banking and Financial Services Fund. It will be investing in companies that are in the banking and financial services space.
The NFO will be open till July 11.
Anthony Heredia, MD & CEO, Mahindra Manulife Investment Management, said “Banking and financial services sector play a pivotal role in India’s economic evolution. As the economy formalizes and financial inclusion deepens, the sector presents a long-term structural opportunity. Our Banking and Financial Services Fund aims to tap into this potential with a disciplined, research-led investment approach.”
Krishna Sanghavi, CIO of Equity at Mahindra Manulife Investment Management, said, “Banking remains a strong pillar of India’s financial landscape but the opportunity extends much further. This fund aims to build a diversified portfolio that captures the full potential of the BFSI ecosystem from traditional leaders like banks and insurers to emerging players driving innovation in how India saves, borrows, invests, and transacts. with a disciplined focus on fundamentals and valuations.”
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