Mahindra Manulife
Banking & Financial Services Fund

(An open-ended equity scheme investing in banking & financial services sector)

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NEW FUND OFFER

  • Opens on: June 27, 2025
  • Closes on: July 11, 2025

Scheme reopens for continuous sale and repurchase from: July 21, 2025

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NFO Collaterals

HOW BFSI EVOLVED

Source: RBI.org.in ; BYJUS.com ; IRDAI.gov.in ; TataAIA.com ; SEBI.gov.in ; AMFIIndia.com ; India.gov.in

WHY BFSI NOW?

BFSI Sector to benefit from:

  • BFSI is core play on

    • Demography
    • Rising per capita income
    • Strong Regulatory environment
    • Formalisation of economy
    • Financialisation of savings
    • Earnings growth and return ratios
    • Capital markets & Wealth creation opportunities
    • Digital efficiencies

  • Varied opportunities on earnings growth & valuations across BFSI verticals

  • Opportunities in Mid & Small cap (Depository, Exchange, AMCs, Fintech)

  • Emerging opportunities in Fintech & Capital markets

WHY ACTIVE MANAGEMENT IS NEEDED IN BFSI SEGMENT?

  • Varied opportunities for earnings growth & valuations across BFSI sub-sectors creates active portfolio construct and management opportunities
  • Lending, Capital markets, Insurance businesses have lead and lag cycles
  • Lending & Insurance business are capital intensive
  • Lending: Retail or Corporate loan book creates its own growth, margins & asset quality cycles
  • Fintechs are aggressively challenging the incumbents with disruptive technology on similar business models

JAM TRINITY: BFSI TRANSFORMATION

  • JanDhan
    Financial Inclusion
    555m Accounts as on
    (4th June 2025)
  • Aadhaar
    Digital Identity
    1.42B+ Unique IDs
    (As at June 2025)
  • Mobile
    Digital Access
    1.16B Subscribers
    (As of April 2025)

  • 3x Growth Deposit accounts per capita has increased from 0.63 in FY10 to 1.9 in FY24

  • Rs.6700bn Direct Benefit Transfer disbursed via 1206 welfare schemes in FY25

  • Rural Focus Enhanced access in underserved areas

  • Digital Gateway Foundation for UPI & fintech growth

TRANSFORMATIONAL IMPACT ON BFSI SECTOR

  • Financial Inclusion:

    Brought unbanked population into formal financial system

  • Digital Identity:

    Enabled secure, paperless KYC and authentication

  • Direct Transfers:

    Facilitated efficient government benefit distribution

Source: Motilal Oswal BFSI Thematic Report, April 2025 | PIB Press Release, JAM Trinity Success
JAM - Jan Dhan, Aadhar, and Mobile

SCHEME - ASSET ALLOCATION

The Asset Allocation Pattern of the Scheme under normal circumstances would be as under:

Instruments Indicative Allocation (% of total assets)
Minimum Maximum
Equities & Equity related securities of companies engaged in banking & financial services sector^* 80 100
Equity and Equity related instruments of companies other than above 0 20
Debt and Money Market Securities#$ (including TREPS (Tri-Party Repo) and Reverse Repo in Government Securities) 0 20
Units issued by REITs and InvITs 0 10
^Including derivative instruments to the extent of 50% of the net equity component of the scheme | *including investment in Foreign Securities (including units/securities issued by overseas mutual funds) up to 20% of the net assets of the Scheme. | #Money Market instruments include commercial papers, commercial bills, treasury bills, Government securities having an unexpired maturity up to one year, call or notice money, certificate of deposit, usance bills, and any other like instruments as specified by the Reserve Bank of India from time to time.
$The Scheme may also invest in units of debt and/or liquid mutual fund schemes of the fund house upto 10% of the net assets of the Scheme subject to compliance with Clause 4 of Seventh Schedule of the Regulations.
For detailed asset allocation, please refer Scheme Information Document available on our website www.mahindramanulife.com

SCHEME DETAILS

Investment Objective: The objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity related securities of companies engaged in the banking and financial services activities. However, there is no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee/indicate any returns.
Benchmark: Nifty Financial Services TRI (First Tier Benchmark)
Plans: Regular & Direct
Options: Growth^; IDCW∞
IDCW Sub-options: IDCW Reinvestment^
Entry Load: Not Applicable
Exit Load
(as % of NAV) #:
  • - An Exit Load of 0.5% is payable if Units are redeemed / switched-out up to 3 months from the date of allotment;
  • - Nil if Units are redeemed / switched-out after 3 months from the date of allotment.

Redemption /Switch-Out of Units would be done on First in First out Basis (FIFO).
#For detailed load structure disclosure, please refer SID.
For further details on Systematic Investment Plan (SIP), kindly refer Statement of Additional Information.

Fund Managers: Mr. Vishal Jajoo & Mr. Chetan Sanjay Gindodia
Minimum Application Amount (Lumpsum): ₹1,000 and in multiples of ₹1/- thereafter
Minimum Amount for Switch in: ₹1,000/- and in multiples of ₹0.01/- thereafter.
Minimum Application Amount (SIP) for weekly and monthly frequencies: 6 installments of ₹500 /- each and in multiples of ₹1/- thereafter
Minimum Application Amount (SIP) for quarterly frequency 4 installments of ₹1,500/- each and in multiples of ₹1/- thereafter ∞IDCW: Income Distribution cum Capital Withdrawal ^ Default Option

Redemption /Switch-Out of Units would be done on First in First out Basis (FIFO).
#For detailed load structure disclosure, please refer SID.
For further details on Systematic Investment Plan (SIP), kindly refer Statement of Additional Information.

For more details please refer SID/KIM available on our website www.mahindramanulife.com

Scheme Riskometer**

Scheme Riskometer

Benchmark Riskometer**

Benchmark Riskometer
This product is suitable for investors who are seeking#
  • Long term capital appreciation
  • Investment predominantly in a portfolio of equity and equity related securities of companies engaged in banking and financial services activities
#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.

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DISCLAIMER: The views expressed here in this document are for general information and reading purpose only and do not constitute any guidelines and recommendations on any course of action to be followed by the reader. No representation or warranty is made as to the accuracy, completeness or fairness of the information and opinions contained herein. The views are not meant to serve as a professional guide / investment advice / intended to be an offer or solicitation for the purchase or sale of any financial product or instrument or mutual fund units for the reader. This document has been prepared on the basis of publicly available information, internally developed data and other sources believed to be reliable. While utmost care has been exercised while preparing this document, Mahindra Manulife Investment Management Private Limited (MMIMPL) does not warrant the completeness or accuracy of the information and disclaims all liabilities, losses and damages arising out of the use of this information. The data/statistics are given to explain general market trends in the securities market, it should not be construed as any research report/research recommendation. Readers of this document should rely on information/ data arising out of their own investigations and advised to seek independent professional advice and arrive at an informed decision before making any investments. Neither Mahindra Manulife Mutual Fund, MMIMPL nor Mahindra Manulife Trustee Private Limited, its directors or associates shall be liable for any damages that may arise from the use of the information contained herein. For detailed asset allocation, investment strategy, scheme specific risk factors and more details, please read the Scheme Information Document and Key Information Memorandum of Mahindra Manulife Banking and Financial Services Fund available at ISCs of MMIMPL and Computer Age Management Services Limited and also available on www.mahindramanulife.com Past performance may or may not be sustained in the future and should not be used as a basis for comparison with other investments. The information contained herein is not for distribution and do not constitute an offer to buy or sell or solicitation of an offer to buy or sell any schemes/Units of Mahindra Manulife Mutual Fund / securities in the United States of America ('US') and/or Canada or for the benefit of US Persons (being persons falling within the definition of the term “US Person” under the US Securities Act of 1933 or as defined by the U.S. Commodity Futures Trading Commission, as amended) or residents of Canada as defined under applicable laws of Canada.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.