Mahindra Asset Management Company (MAMCPL) today announced the launch of its two open-ended schemes 'Mahindra Mutual Fund Bal Vikas Yojana' an open ended balanced scheme and 'Mahindra Mutual Fund Badhat Yojana' an open ended equity scheme.
The new fund offer opened from April 20, 2017 and will close on May 4, 2017.
Thereafter, the scheme(s) will reopen for continuous sale and repurchase from May 18, 2017.
Ashutosh Bishnoi, CEO and Managing Director, MAMCPL, said, "Every household in India has a culture of saving instilled in them. We want to leverage on this culture and explain the investment opportunities through our offerings for every customer profile. In a family, securing a child's future, safety and wealth creation are top priorities. Therefore goal-based financial planning through our products helps in systematic investments to create a secure future.