Mahindra Manulife Mutual Fund launches short term debt fund
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Last Updated: Feb 09, 2021, 03:08 PM IST
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Synopsis
Mahindra Manulife Mutual Fund has launched Mahindra Manulife Short Term Fund, an open ended short term debt scheme investing in instruments with macaulay duration between 1 and 3 years.
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Mahindra Manulife Mutual Fund has launched Mahindra Manulife Short Term Fund, an open ended short term debt scheme investing in instruments with macaulay duration between 1 and 3 years. The New Fund Offer opens on February 9 and closes on February 16. The scheme will reopen for continuous sale and repurchase from February 25, 2021.
According to the fund house, the scheme is suitable for investors looking for a balance of safety, liquidity and yield with a 1-3 year horizon. It is also suitable for those seeking an alternate to traditional investment options that have the potential to deliver better risk adjusted returns. The scheme would invest 100% in debt a
MF equity outflow continues for 7th month in row in Jan
February 09, 2021
Flexi-caps bleed most; mid-cap and thematic funds buck trend to get inflows
The exit from equity mutual funds continued for the seventh month in a row, with a net outflow of ₹9,253 crore in January.
Almost all categories of equity funds, except for mid-cap and thematic funds logged outflows with flexi-cap recording the highest exits of ₹5,934 crore followed by large-cap and value funds at ₹2,853 crore and ₹1,640 crore, respectively, according to Association of Mutual Funds in India data.
In contrast, mid-cap and thematic funds registered inflows of ₹2,857 crore and ₹2,586 crore, respectively.
Read more about Planning to invest? Short-duration funds safer option for retail investors on Business Standard. Rising yields at shorter end of curve will benefit these funds as liquidity level tightens