Mahindra Manulife Mutual Fund has launched a new Open Ended Growth scheme named "Mahindra Manulife Banking & Financial Services Fund" with maturity period of 0 days from the launch date.

The New Fund Offer (NFO) price for the scheme is Rs 10.00 per unit, which will open for subscription from Jun 27 to Jul 11, 2025.

According to the offer document filed with SEBI, the entry load is Nil and exit load is 0.50.

The minimum application amount is Rs 1,000.00 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Growth, IDCW, IDCW-Reinvestment.

The fund manager of the scheme will be Vishal Jajoo, while the performance of the scheme will be benchmarked against Nifty Financial Services Total Return.

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.