August 10, 2023
mayank
Mahindra Manulife Business Cycle Fund NFO, Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @chanakyamfguidance
NFO opens on August 21, 2023
NFO will close on September 04, 2023
(Our detailed Guidance is given at the bottom of the Page)
Investment Strategy of Mahindra Manulife Business Cycle Fund NFO
The Scheme seek to generate long term capital appreciation by investing predominantly in equity and equity related securities with a focus on identifying and investing in business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy.
Basic Details
| Fund House | Mahindra Manulife Mutual Fund |
| Issue Open | 21 August 2023 |
| Issue Close | 04 September 2023 |
| Type | Open-ended |
| Category | Equity: Thematic |
| Min. Investment(Rs) | 1,000 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 1% for redemption Within 3 months |
| Riskometer | Very High |
| Benchmark | NIFTY 500 TRI |
Benchmark Index of Mahindra Manulife Business Cycle Fund NFO
The Nifty 500 index represents top 500 companies selected based on full market capitalization from the eligible universe.
Nifty 500 Index is computed using free float market capitalization method, wherein the level of the index reflects the total free float market value of all the stocks in the index relative to particular base period. Nifty 500 can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.
Index Variants: Nifty 500 Total Returns Index, Nifty500 Industry Indices.
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 3.83 | 10.42 | 16.32 | 12.07 | 10.43 |
| Total Return | 3.93 | 11.04 | 17.35 | 13.30 | 12.16 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 11.17 | 18.68 | 22.61 |
| Beta (NIFTY 50) | 0.95 | 0.95 | 0.93 |
| Correlation (NIFTY 50) | 0.97 | 0.99 | 0.95 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 24.24 | 4.52 | 1.25 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| HDFC Bank Ltd. | 9.18 |
| Reliance Industries Ltd. | 6.43 |
| ICICI Bank Ltd. | 5.21 |
| Infosys Ltd. | 3.61 |
| ITC Ltd. | 3.06 |
| Tata Consultancy Services Ltd. | 2.61 |
| Larsen & Toubro Ltd. | 2.42 |
| Kotak Mahindra Bank Ltd. | 2.03 |
| Axis Bank Ltd. | 1.95 |
| State Bank of India | 1.77 |
Fund Manager of Mahindra Manulife Business Cycle Fund NFO
1) Krishna Sanghvi
Education: Mr. Sanghvi is a B.Com (H), CWA from ICWAI, Master of Management Studies (Finance) from NMIMS, Mumbai and CFA from ICFAI.
Experience: Prior to joining Mahindra Manulife Investment Management Pvt. Ltd., he has worked with Canara Robeco AMC, Kotak Mahindra AMC Ltd. and Kotak Life Insurance, Aviva Life Insurance Company Ltd..
Past Performance of his Schemes
2) Renjith Sivaram
Education: Nil
Experience: Nil
Past Performance of his Schemes
AMC:
Mahindra Manulife Investment Management Private Limited
Address: 1st Floor – Sadhana House, 570 – P.B. Marg, Worli, Mumbai – 400018
Website: http://www.mahindramanulife.com
Registrar & Transfer Agent of Mahindra Manulife Business Cycle Fund NFO
Computer Age Management Services Ltd.
Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai – 600002
Website: www.camsonline.com
Guidance for Mahindra Manulife Business Cycle Fund NFO by Paresh Gordhandas, C.A., Research Analyst.
Mahindra Manulife Mutual Fund is a joint venture between Mahindra & Mahindra Financial Services Limited and Manulife Investment Management (Singapore) Pte. Ltd. The Mahindra Manulife Business Cycle Fund is a thematic fund which will focus on different sectors depending on their business cycle and aim to generate maximum returns by switching funds actively between sectors. The benchmark for this fund is the Nifty 500.
By its very definition, you can gauge that the Fund Manager has to very actively track the business cycles and time the entry and exit perfectly to generate good returns. Rather than investing in a Business Cycle Fund, which has a very narrow scope an investor can generate more returns by investing in a Flexi Cap Fund which gives more flexibility to the Fund Manager and less risk for the investor (compared to investing in a Business Cycle Fund)
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