If you also want to earn fast sitting at home, then this is useful news for you. We are saying this because Mahindra has launched a special type of mutual fund to make you earn. Mahindra has launched Business Cycle Fund from Manulife Mutual Fund New Fund Offer ie NFO. It is an open ended equity fund. In which it helps investors in making long term capital appreciation gains through equity and equity related security. Let us know how you can earn from this and for how long you can apply in it.
This is how you will earn from NFO
Mahindra Manulife's 'New Fund Offer' NFO has opened for subscription to investors on August 21, 2023 and you can subscribe till September 4, 2023. The fund's motive to participate through active portfolio distribution is to focus on business cycles through dynamic allocation across sectors.
What is Business Cycle Fund?
Investors who want to increase their investment by investing in equity or its related securities for the long term. Its objective is to focus on companies and sectors that participate in the business cycle through active portfolio allocation. Business cycle funds work in different ways. It focuses on the conditions of macro economics. This strategy also helps in achieving the goal of diversification in those sectors.
This is how you can invest
According to Mahindra Manulife Mutual Fund, investors can invest a minimum of Rs 1,000 in Mahindra Manulife Business Cycle Fund. After this, it can be increased in multiples of Re.1. Mahindra Manulife Business Cycle Fund Scheme will have to pay 1% exit load on redemption before three months. The benchmark of this fund is NIFTY 500 TRI.
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