New Delhi: Mahindra Mutual Fund, a wholly owned subsidiary of Mahindra and Mahindra Financial Services Limited (MMFSL) launches new open ended debt scheme ‘Mahindra Credit Risk Yojana,’ for investors who are seeking reasonable income and capital appreciation over medium to long term. Mahindra Credit Risk Yojana is an open ended debt scheme predominantly investing in AA and below rated corporate bonds (excluding AA+ rated corporate bonds). The New Fund Offer opens on July 27, 2018 and closes on August 10, 2018. The scheme will reopen for continuous sale and repurchase within 5 business days from the date of allotment 2018.
Ashutosh Bishnoi, MD & CEO, Mahindra Mutual Fund said, ‘Mahindra Credit Risk Yojana’ provides investors an opportunity to participate in India growth story by investing in well diversified debt portfolio of fundamentally strong, high liquid and well-known companies. We believe the scheme offers an attractive long term investment opportunity, hence, investors seeking reasonable income and capital appreciation must participate in the offered scheme.”
Mahindra Credit Risk Yojana aims to invest in quality instruments of moderate to high safety investment grade, and generate optimum returns with less volatility at the lowest quantum of risk. The selection of securities based on Risk Guard Process – An in-house Research and Process Framework
Investors with moderate risk appetite, looking to diversify their portfolio, and seeking an alternate to traditional investment options that have the potential to deliver better risk adjusted returns should look forward to ‘Mahindra Credit Risk Yojana’ scheme. The scheme is suitable for investors who are looking for an optimum balance of safety, liquidity and yield.
The scheme would predominantly invest minimum of 65% in AA and below rated Corporate Bonds (excluding AA+ rated Corporate Bonds), upto 35% in Debt and Money Market Instruments (includes securitized debt up to 30% of the net assets of the Scheme) and upto 10% in units issued by REITs & InvITs, with potential for capital appreciation in case of reduction in interest rates and diversified across sectors with an endeavor to invest substantial proportion into debt of listed entities (or listed parent).
