new Delhi. Mahindra Manulife Mutual Fund, a subsidiary company of Mahindra & Mahindra Financial Services Ltd (MMFSL), has launched 'Mahindra Manulife Arbitrage Yojana', an open-ended scheme for investing in equity, derivatives and arbitrage opportunities available in the debt market. The scheme is suitable for investors who are looking for short-term investment options to invest in a relatively low-risk, tax-efficient and relatively less affected by market volatility.
This new fund offer will open on 12 August 2020 and will close on 19 August 2020. The scheme will reopen for continued sales and repurchases from 25 August 2020. Mahindra Manulife Mutual Fund will adopt the best market strategy. On the taxation front, investing in equity arbitrage funds provides a good post-tax option.
The Mahindra Manulife Arbitrage Scheme will invest in equity-related instruments including a minimum of 65–100 per cent equity and equity derivatives, up to 35 per cent in debt and money market securities. Under defensive conditions, the scheme would invest 0-65 per cent in equities and equity related instruments including equity derivatives. Apart from this, 35 to 100 per cent will invest in debt, repo repo, reverse repo money market securities and 10 per cent in units issued by REITs & InvITs.
Ashutosh Bishnoi, MD and CEO of Mahindra Manulife Mutual Fund, said, "The experience of investors' participation in the arbitrage market over the years shows that it has shown steady growth due to the immense infrastructure opportunities available. The Mahindra Manulife Arbitrage Scheme is suitable for investors who want to make profits through arbitrage opportunities between the cash and derivatives markets and can be reasonably safe, as they do not incur any credit-bets. The scheme uses various strategies to identify arbitrage opportunities in market cycles and offers relatively low volatility and low risk returns. '
This post was published on August 12, 2020 3:46 am
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