Mahindra Manulife Unveils Innovation-Focused Equity Fund; NFO Opens Jan 9

• Mahindra Manulife Mutual Fund launched the "Mahindra Manulife Innovation Opportunities Fund," an open-ended equity scheme with an innovation-themed investment approach.
• The New Fund Offer (NFO) is open for subscription from January 9 to January 23, with continuous sale/repurchase starting February 2.
• The scheme will primarily invest 80-100% of assets in equity and equity-related instruments of companies focused on product, process, or service innovation.
• It offers flexibility to invest up to 20% in foreign securities, debt, money market instruments, InvITs, and REITs.
• The fund will be co-managed by Kirti Dalvi and Renjith Sivaram Radhakrishnan, a joint venture between Mahindra & Mahindra Financial Services and Manulife Investment Management (Singapore).

Why It Matters: Mahindra Manulife's new innovation-themed equity fund offers diverse investment opportunities.