Latest news with #MahindraManulifeMutualFund
Mint
a day ago
- Business
- Mint
Banking, financial services MEs see 37 pc surge in AUM to ₹48,000 cr in May
New Delhi, Investment in banking and financial services sector-based mutual funds jumped 37 per cent year-on-year to ₹ 48,000 crore in May 2025. The surge in assets is backed by the strong performance of the segment. Industry data showed that these funds have delivered returns ranging from 22 to 30 per cent over the past year, highlighting the sector's robust fundamentals and growing appeal. According to the industry data, there are currently 22 banking and financial services mutual funds in the Indian market, managing a combined assets under management of ₹ 48,000 crore in May 2025 against about ₹ 34,971 crore in May 2024. The sharp rise suggests growing investor confidence in the long-term potential of the BFSI sector. The BFSI sector, which holds the distinction of being the largest by market capitalisation in India's listed space, has remained resilient amid recent market volatility. BSE financial services index has gained nearly 14 per cent in the first three months of the current financial year alone, while BSE Bankex rose 10 per cent during the period under review. Moreover, the BFSI space is likely to expand further with unlisted players in insurance, fintech, wealth management, and digital lending expected to access public markets. This trend will further broaden the investment landscape within the sector and encourage wider market participation. "India's BFSI sector is no longer just about traditional banking it's a gateway to participate in the country's digital financial revolution. "With the formalisation of the economy, rising retail participation, and a strong pipeline of quality players, this space offers long-term structural potential. For investors looking to build wealth over time, a dedicated BFSI fund with an actively managed, fresh portfolio can be a smart and timely allocation," Alpa Shah, a wealth manager, said. In line with this growing momentum, Mahindra Manulife Mutual Fund recently launched the Mahindra Manulife Banking and Financial Services Fund on June 27. The new fund offer is open until July 11 and aims to provide investors with an opportunity to participate in the sector's growth story through a portfolio aligned with current market dynamics. For investors seeking targeted exposure to India's financial transformation, a measured allocation to such funds with a minimum investment horizon of 3 to 5 years can be a prudent move, fund managers suggested.
Mint
a day ago
- Business
- Mint
Banking, financial services MEs see 37 pc surge in AUM to ₹48,000 cr in May
New Delhi, Investment in banking and financial services sector-based mutual funds jumped 37 per cent year-on-year to ₹ 48,000 crore in May 2025. The surge in assets is backed by the strong performance of the segment. Industry data showed that these funds have delivered returns ranging from 22 to 30 per cent over the past year, highlighting the sector's robust fundamentals and growing appeal. According to the industry data, there are currently 22 banking and financial services mutual funds in the Indian market, managing a combined assets under management of ₹ 48,000 crore in May 2025 against about ₹ 34,971 crore in May 2024. The sharp rise suggests growing investor confidence in the long-term potential of the BFSI sector. The BFSI sector, which holds the distinction of being the largest by market capitalisation in India's listed space, has remained resilient amid recent market volatility. BSE financial services index has gained nearly 14 per cent in the first three months of the current financial year alone, while BSE Bankex rose 10 per cent during the period under review. Moreover, the BFSI space is likely to expand further with unlisted players in insurance, fintech, wealth management, and digital lending expected to access public markets. This trend will further broaden the investment landscape within the sector and encourage wider market participation. "India's BFSI sector is no longer just about traditional banking it's a gateway to participate in the country's digital financial revolution. "With the formalisation of the economy, rising retail participation, and a strong pipeline of quality players, this space offers long-term structural potential. For investors looking to build wealth over time, a dedicated BFSI fund with an actively managed, fresh portfolio can be a smart and timely allocation," Alpa Shah, a wealth manager, said. In line with this growing momentum, Mahindra Manulife Mutual Fund recently launched the Mahindra Manulife Banking and Financial Services Fund on June 27. The new fund offer is open until July 11 and aims to provide investors with an opportunity to participate in the sector's growth story through a portfolio aligned with current market dynamics. For investors seeking targeted exposure to India's financial transformation, a measured allocation to such funds with a minimum investment horizon of 3 to 5 years can be a prudent move, fund managers suggested. This article was generated from an automated news agency feed without modifications to text.
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Business Standard
6 days ago
- Business
- Business Standard
NFO alert! Mahindra Manulife launches BFSI focused fund; check details here
NFO Alert! Mahindra Manulife Mutual Fund, a joint venture between Mahindra & Mahindra Financial Services (Mahindra Finance) and Manulife Investment Management (Singapore), has announced the launch of the Mahindra Manulife Banking and Financial Services Fund. This open-ended equity scheme aims to provide long-term capital appreciation by investing predominantly in a portfolio of equity and equity-related securities of companies engaged in banking & financial services activities, according to the Scheme Information Document (SID). Mahindra Manulife Banking and Financial Services Fund's Krishna Sanghavi, CIO – equity, Mahindra Manulife Investment Management, said, "The fund aims to build a diversified portfolio that captures the full potential of the BFSI ecosystem from traditional leaders like banks and insurers to emerging players driving innovation in how India saves, borrows, invests, and transacts, with a disciplined focus on fundamentals and valuations.' Banking, he added, remains a strong pillar of India's financial landscape, but the opportunity extends much further. The fund will be managed by Vishal Jajoo and Chetan Sanjay Gindodia. The New Fund Offer (NFO), which opened today, will remain available till July 11, 2025. Mahindra Manulife Banking and Financial Services Fund will reopen for continuous sale and repurchase from July 21, 2025. Mahindra Manulife Banking and Financial Services Fund is offered at ₹10 per unit each during the NFO and continuous offer for units at NAV-based prices. During the NFO, the minimum application amount is ₹1,000 and in multiples of ₹1 thereafter. The minimum amount for switch-in is ₹1,000 and in multiples of ₹0.01 thereafter. The Mahindra Manulife Banking and Financial Services Fund is benchmarked against Nifty Financial Services TRI (First Tier Benchmark). The risk for the NFO as well as the benchmark remains very high, reads the SID. Who should invest in Mahindra Manulife Banking and Financial Services Fund NFO? According to the SID, Mahindra Manulife Banking and Financial Services Fund is suitable for long-term capital appreciation as well as for investment predominantly in a portfolio of equity and equity-related securities of companies engaged in banking & financial services activities. "Investors should consult their financial advisers if in doubt about whether the product is suitable for them," cautioned the SID.
