Mahindra AMC to launch Dhan Sanchay Yojana
Mahindra Asset Management Company Pvt. Ltd. (MAMCPL), the investment manager to Mahindra Mutual Fund and the wholly owned subsidiary of Mahindra Finance, today announced the launch of its open-ended equity scheme "Mahindra Mutual Fund Dhan Sanchay Yojana". The scheme seeks to generate long term capital appreciation and income through investments in equity and equity related instruments, arbitrage opportunities and debt & money market instruments. The new fund offer will open from January 10, 2017 and will close on January 24, 2017. Thereafter, the scheme will reopen for continuous sale and repurchase from February 8, 2017.
“We at MAMCPL have chosen to reach out to the underserved markets, to tap into the savings and investment potential beyond urban India in the semi-urban and rural markets. Our approach is based on educating the potential customer in our priority markets and explaining the investment opportunities to them in their own language, starting with the product names. Our endeavour is to enable the customer to inculcate an investment culture and thereby help them understand the importance of the role of specific mutual fund products.” said Ashutosh Bishnoi, CEO and Managing Director.
Jatinder Pal Singh, Head of Sales and Distribution said, “This Yojana is for those investors who seek to take a calculated exposure in both, equity and debt with a long term investment outlook. The principle of this Yojana is ‘Lakshya Anek, Yojana Ek.’ The balanced nature of the portfolio provides growth potential and stability at the same time. Thereby, allowing investors to plan how to finance various goals in their lives, such as – buying a dream car or a dream home, life post retirement, building an emergency fund or even simply for paying off loans.”