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.
|Date of setup||Feb-04-2016|
|Sponsor(s)||Mahindra and Mahindra Financial Services Ltd.|
|Tel||022 - 66327900|
|Fax||022 - 66327932|
|Name||Type||Ratings||NAV||Saving Vs Regular(%)||Performance 1 Year(%)||Show Details|
|Mahindra Mutual Fund Badhat Yojana - Direct Plan - Growth|
|Mahindra Unnati Emerging Business Yojana - Direct Plan - Dividend|
|Mahindra liquid Fund - Direct Plan -Growth|
|Mahindra Low Duration Bachat Yojana - Direct Plan -Growth|
|Mahindra Mutual Fund Kar Bachat Yojana Direct Plan - Growth|
|Mahindra Dhan Sanchay Equity Savings Yojana -Direct Plan -Growth|
|Mahindra Rural Bharat and Consumption Yojana - Direct Plan - Growth|
|Mahindra Credit Risk Yojana - Direct Plan - Growth|
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.
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.
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 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 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.