CHANDIGARH January, 2018: Mahindra Asset Management Company Pvt. Ltd. (MAMCPL), the investment manager to Mahindra Mutual Fund and a wholly owned subsidiary of Mahindra Finance will launch Mahindra Unnati Emerging Business Yojana, Mid Cap Fund – An open ended equity scheme predominantly investing in mid cap stocks. The New Fund Offer opens on January 8, 2018 and closes on January 22, 2018. The fund will reopen for continuous sale and repurchase from February 6, 2018
Mr Ashutosh Bishnoi, MD & CEO, Mahindra AMC said, “Indian economy is poised for a multiyear growth phase, with the governments focus on reforms. Investment opportunities will also emerge with formalisation of economy leading to shifting of market share from unorganised to organised sector in highly fragmented consumer segments bringing nations progress closer to every household.
Mr Bishnoi, further added, In a relatively sluggish macro growth environment Midcap companies have shown higher earnings growth in a sluggish market compared to large caps. We do see enough scope for stock-specific investment opportunities in the mid-cap space, especially in those segments that have multi-year structural growth outlook. As economies become larger there are multiple opportunities / niche in multiple sectors to create a fair market place. The fund would give investors an opportunity to participate in the growth story of today’s emerging companies which have the potential to become
market leaders in the future.
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