Mahindra Manulife Rural Bharat and Consumption Yojana Announces change in scheme name, Type, Benchmark and Exit Load

Published on Jan 19, 2023 14:34

Mahindra Manulife Mutual Fund has announced change in scheme name, type, benchmark and exit load under the following schemes, with effect from 20 February 2023.

Particulars	Existing Scheme Features	Proposed Scheme Features
Name of the Scheme	Mahindra Manulife Rural Bharat and Consumption Yojana	Mahindra Manulife Consumption Fund
Type of scheme	An open ended equity scheme following Rural India theme	An open ended equity scheme following Consumption theme
Benchmark	Nifty India Consumption Index TRI (First Tier Benchmark)	Nifty India Consumption TRI (First Tier Benchmark)
Exit Load	An Exit Load of 1% is payable if Units are redeemed / switched-out upto 1 year from the date of allotment; Nil if Units are redeemed / switched-out after 1 year from the date of allotment.	An Exit Load of 0.50% is payable if Units are redeemed / switched-out upto 3 months from the date of allotment; Nil if Units are redeemed / switched-out after 3 months from the date of allotment.