Mahindra Asset Management Company Pvt Ltd (MAMCPL), the investment manager of Mahindra Mutual Fund, will launch a mid-cap fund next month.
The fund, Mahindra Unnati Emerging Business Yojana, will be an open-ended equity scheme. “It will open on January 8, 2018, and close on January 22,” Ashutosh Bishnoi, MD & CEO, Mahindra AMC told newspersons on Wednesday.
The scheme will reopen for continuous sale and repurchase from February 6, 2018.
“The mid-cap companies have shown higher earnings growth compared to large-caps. We do see enough scope for stock-specific investment opportunities in the mid-cap space, especially in those segments that have multi-year structural growth outlook,” Bishnoi said.