Mahindra Manulife Mutual Fund, a joint venture between Mahindra & Mahindra Financial Services Limited (“Mahindra Finance”) and Manulife Investment Management (Singapore) Pte. Ltd., has introduced the Mahindra Manulife Banking and Financial Services Fund. This open-ended equity scheme aims to provide long-term capital appreciation by investing in a portfolio of equity and equity-related securities of companies engaged in banking and financial services activities.
With India’s BFSI sector poised for robust expansion, the fund seeks to capitalize on long-term structural tailwinds such as rising financialization, digital adoption, increasing per capita income, and a supportive regulatory environment. The scheme offers investors a focused opportunity to participate in the sector’s growth across banking, insurance, asset management Companies, broking, fintech, and other financial services.
“Banking and financial services sector play a pivotal role in India’s economic evolution,” said Anthony Heredia, MD & CEO, Mahindra Manulife Investment Management. “As the economy formalizes and financial inclusion deepens, the sector presents a long-term structural opportunity. Our Banking and Financial Services Fund aims to tap into this potential with a disciplined, research-led investment approach.”
Krishna Sanghavi, CIO – Equity, Mahindra Manulife Investment Management, said, “Banking remains a strong pillar of India’s financial landscape, but the opportunity extends much further. This fund aims to build a diversified portfolio that captures the full potential of the BFSI ecosystem from traditional leaders like banks and insurers to emerging players driving innovation in how India saves, borrows, invests, and transacts. with a disciplined focus on fundamentals and valuations.”
With the financial services sector representing over a third of India’s market capitalization and an increasing share of corporate profits, the fund is positioned to leverage emerging opportunities in underpenetrated segments like insurance, asset management companies, fintech, and digital broking.
The New Fund Offer (NFO) period opens on 27th June 2025 and closes on 11th July 2025. The scheme reopens for continuous sale and repurchase from 21st July 2025.
* Investor should consult their financial advisers if in doubt about whether the product is suitable for them.
# The product labelling /risk level assigned for the Scheme during the New Fund Offer is based on internal assessment of the Scheme’s characteristics or model portfolio and the same may vary post New Fund Offer when the actual investments are made.
