Mahindra Manulife Mutual Fund, a joint venture between Mahindra Finance and Manulife Investment Management (Singapore), has introduced the Mahindra Manulife Banking and Financial Services Fund. The fund targets long-term capital growth by investing in equities and related securities within India’s rapidly growing BFSI sector.
Kochi : Mahindra Manulife Mutual Fund—a joint venture between Mahindra & Mahindra Financial Services Ltd. (Mahindra Finance) and Manulife Investment Management (Singapore) Pte. Ltd.—has announced the launch of its new Mahindra Manulife Banking and Financial Services Fund.
This open-ended equity scheme is designed to achieve long-term capital appreciation by investing in equities and equity-related securities of companies involved in banking and financial services activities, according to Anthony Heredia, Managing Director and CEO of Mahindra Manulife Investment Management.
India’s Banking, Financial Services, and Insurance (BFSI) sector is poised for strong growth, supported by structural drivers such as increased financial inclusion, rising per capita income, digital adoption, and a favorable regulatory environment. The newly launched fund aims to leverage these long-term opportunities.
The fund will invest across segments such as banking, insurance, asset management companies, broking firms, fintechs, and other financial services providers, enabling investors to participate in the holistic growth of the BFSI sector.
“The BFSI segment plays a crucial role in India’s economic development. As the economy becomes more formalized and financially inclusive, the sector presents long-term structural growth potential,” said Heredia. He added that the fund is structured to capitalize on these prospects through a disciplined and research-driven investment approach.
