Mahindra Manulife Mutual Fund, a joint venture between Mahindra & Mahindra Financial Services Limited (‘Mahindra Finance’) and Manulife Investment Management (Singapore) Pte. Ltd has announced the launch of the Mahindra Manulife Innovation Opportunities Fund (‘Scheme’), an open-ended equity scheme aiming to capture long-term growth opportunities arising from radical and disruptive innovation across sectors. The New Fund Offer (NFO) will open on January 9, 2026, and close on January 23, 2026. The scheme will reopen for continuous sale and repurchase from February 2, 2026.
The Scheme aims to generate long-term capital appreciation by investing predominantly in equity and equity-related securities of companies following the innovation theme. It will focus on investing in innovative businesses driving meaningful transformation through product, process and service innovation, spanning both radical breakthroughs and disruptive changes that reshape industries.
The scheme will invest 80%–100% of the Total Assets in Equity and Equity-Related Instruments including equity derivatives to the extent of 50% of the equity component of the Scheme of companies following the innovation theme. The scheme will also invest 0-20% of its assets to equity instruments of companies outside the innovation theme. The Scheme also has the flexibility to invest in units of REITs and upto 20% of the net assets of the Scheme in Foreign Securities (including units/securities issued by overseas mutual funds) & up to 20% of the Total Assets in debt and money market instruments (including TREPS and Reverse Repo in Government Securities), and up to 10% in units issued by InvITs.
Anthony Heredia, MD & CEO, Mahindra Manulife Investment Management Pvt. Ltd., said, “Innovation remains one of the most powerful long-term drivers of sustainable change. The Innovation Opportunities Fund is designed to provide investors access to companies that are shaping the future through technology, new business models and structural transformation across industries.”
The fund will be managed by Ms. Kirti Dalvi (Fund Manager – Equity), who brings over 20 years of experience in equity research and investment management, along with Mr. Renjith Sivaram Radhakrishnan (Fund Manager & Analyst), with over 15 years of experience in equity research and fund management across sectors such as capital goods, engineering and consumer durables.
Krishna Sanghavi, CIO – Equity, Mahindra Manulife Investment Management Pvt. Ltd said, “India is entering a phase where innovation is no longer limited to a few sectors — it is becoming the core engine of competitive advantage across the economy. From manufacturing and financial services to healthcare, digital platforms and clean energy, companies that embrace innovation are building durable growth models. This fund is designed to identify such businesses, focusing on those with the ability to scale, adapt over the long term”
The asset allocation pattern of the Scheme comprises of Equity and Equity Related Instruments of companies following innovation theme ^* (80% – 100%), Equity and Equity Related Instruments of companies other than those mentioned above* (0-20%), Debt and Money Market Securities#$ (including TREPS and Reverse Repo in Government Securities) (0-20%) & Units Issued by InvITs (0-10%)
Disclaimer:Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
