Mahindra Mutual Fund

Mahindra Mutual Fund is formed as a trust as per the provisions of the Indian Trusts Act, 1882, according to the terms of the trust deed dated September 29, 2015 between the Mahindra and Mahindra Financial Services Limited as the Sponsor and Mahindra Trustee Company Private Limited, as the Trustee. The Trust Deed has been registered under the Indian Registration Act, 1908. Mahindra Mutual Fund has been registered with SEBI, under registration code MF/069/16/01.

Mahindra Asset Management Company Private Limited, a company incorporated under the Companies Act, 1956, is the Investment Manager for Mahindra Mutual Fund. It is a wholly owned subsidiary of Mahindra and Mahindra Financial Services Limited (MMFSL).

MMFSL is a subsidiary of Mahindra and Mahindra Limited, one of India’s leading tractor and utility vehicle manufacturers. MMFSL is one of India’s leading non-banking finance companies with deeper concentration of business in the rural and semi-urban sector. Its primary line of business includes financing the purchase of new and pre-owned auto and utility vehicles, tractors, cars, commercial vehicles, construction equipment, and SME financing. The company has 1178 offices covering 27 states and 4 union territories in India, with over 5.16 million customer contracts since inception, as of Dec 31, 2017

Mahindra Mutual Fund endeavors to offer a variety of mutual fund schemes pan-India, with special focus in rural and semi-urban areas. The funds are created with the objective to align with varied customer preferences, and in accordance with the various regulatory frameworks in place in India. The different schemes floated by the AMC seeks to fulfill one of the objectives – assured returns, capital appreciation, or both, depending on the scheme chosen by the investor. The fund management team works hard to tap into the best performing stocks and other financial instruments so that they can be used in the portfolios and help the investor meet their specific wealth creation goals easily. The AMC offers a variety of equity funds, debt duns, hybrid funds, as well a liquid funds, to cater to individual preferences of the investors. The fund management team also promotes total transparency in dealings with the investors and hence takes total care to ensure that the funds chosen by an investor is aligned to his/ her particular need.

Types of Funds Offered

• Equity Fund

  : Mahindra equity funds look to drive capital appreciation objective via a strategic allocation of units in stocks and shares of publicly listed companies that trade on stock exchanges. The NAV of the fund is directly proportional to the company’s performance and hence it sees volatility every single day. The fund managers will select a range of companies depending on the objective of the particular equity scheme they are handling. For example, large cap funds will invest only in the companies that have a huge market cap and are established names in the industry. The Mahindra Unnati emerging Business Yojana (Mid Cap fund) and Mahindra Dhan Sanchay Equity Savings Fund (hybrid) are examples of schemes that have equity investments as a part of their portfolio.



• Debt Fund

  : Investors who want risk-free channels for capital appreciation may choose Mahindra MF debt schemes. These types of funds offer a slightly lower rate of returns, but they remain assured of low market fluctuations of the underlying assets. The AMC offers schemes like Mahindra Credit Risk Yojana and Mahindra Low Duration Bachat Yojana as some of the debt schemes for its investors.



• ELSS Fund

  : These schemes offered by Mahindra Mutual Fund give the dual advantage of tax savings along with wealth creation. The funds usually come with a lock in period of 3-5 years (in this duration, the investors cannot withdraw the amount from their MF account). The Mahindra Mutual Fund Kar Bachat Yojana Investment portfolio comprises predominantly of equity and equity related securities. This fund has the potential to save you up to Rs. 53,820 by claiming tax exemption under sec 80C.



• Liquid Fund

  : Liquid funds by Mahindra MF have predominantly invested in highly liquid instruments like money markets, Treasury Bills, and call money. Investors looking for regular income over short term will find this a great channel to park their excess funds. The AMC offers Mahindra Liquid Fund where the investment is made in money market and debt instruments. The scheme offers low volatility. This is a safer form of investment during times of high market volatility. It usually invests in Commercial Papers, Certificate of Deposits, CBLO/ Repos and in short term debt instruments of corporates and NBFCs, with maturity not more than 91 days.

Fund Managers at Mahindra Mutual Fund

• Ashutosh Bishnoi - MD & CEO

  Mr. Ashutosh Bishnoi has over 34 years experience in the Consumer Marketing and Financial Service businesses in India. He is an MBA from the Symbiosis Institute, Pune.



• Sanjay Parikh - Chief Financial Officer:

  Mr. Sanjay Parikh has over 21 years of experience in the financial services sector. His previous assignments include Chief Operating Officer of Deutsche Asset Management (India) Private Limited and Taurus Asset Management Company Limited, Chief Finance Officer of Birla Sun Life Asset Management Co. Ltd. He was also associated with Birla Sun Life Insurance Company Limited, Aditya Birla Management Corporation Limited and Arthur Anderson & Company.



• Rahul Pal Head – Fixed Income:

  Mr. Rahul Pal is a Chartered Accountant and works as a‘Head – Fixed Income’ for Mahnidra Mutual Fund. He is responsible for managing and overseeing the Fixed Income Portfolios.



• Mr. V. Balasubramanian Chief Portfolio Strategist (Equity):

  Mr. V. Balasubramanian has over 38 years of work experience of which around 20 years have been in the Mutual Fund Industry and 8 years in Treasury of a nationalized bank.



• Srinivasan Ramamurthy Fund Manager – Equity:

  Srinivasan Ramamurthy is a Fund Manager with Mahindra AMC. He has over 11 years experience in the field of equities equally split between buy side and sell side. He is an engineer by qualification from Jadavpur University and has done his MBA from IIM - Calcutta.