Mahindra Mutual Fund launches Mahindra Ultra Short Term Yojana

Oct 10, 2019 by News Team

NFO period: 10th October – 16th October, 2019

Highlights of the NFO:

  • Scheme type – An open ended ultra-short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 to 6 months

  • Investment objective – The investment objective of the scheme is to generate regular income and capital appreciation through investment in a portfolio of short term debt & money market instruments such that the Macaulay duration of the portfolio is between 3 - 6 months. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved. The scheme does not assure or guarantee any returns.

  • Product suitability – This product is suitable for investors who are seeking regular income over short term by investing in a portfolio of short term debt and money market instruments.

  • Minimum Application Amount – First investment is Rs. 1,000/- and multiples of Rs. 1/- thereafter

  • Plan/ Options available – Direct Plan and Regular Plan having Growth Option and Dividend Option.

  • Fund Managers – Mr. Rahul Pal

  • Benchmark – CRISIL Ultra Short Term Debt Index

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