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Mahindra Manulife Short Term Fund Form 2021.Cdr

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Mahindra Manulife Short Term Fund Form 2021.Cdr MAHINDRA MANULIFE Key Information SHORT TERM FUND Memorandum cum An open ended short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between Application Form 1 year and 3 years (please refer to page no. 1 of KIM) This product is suitable for investors who are seeking*: l Income over short to medium term; Moderate Moderately High l Investment in debt and money market instruments o e H * Investors should consult their nancial advisers if in doubt w t igh o L about whether the product is suitable for them. oderat M Offer of Units of Rs. 10/- each during the New Fund Offer and H V Continuous offer for Units at NAV based prices w er igh o L y New Fund Offer Opens on: February 9, 2021 New Fund Offer Closes on: February 16, 2021 RISKOMETER Scheme reopens for continuous sale and repurchase from: Investors understand that their principal February 25, 2021 will be at moderate risk Sponsors This Key Information Memorandum (KIM) sets forth the information, Mahindra and Mahindra Financial Services Limited Registered office: which a prospective investor ought to know before investing. For Gateway Building, Apollo Bunder, Mumbai further details of the scheme/Mutual Fund, due diligence certicate Maharashtra - 400 001, India. by the AMC, Key Personnel, investors' rights & services, risk factors, Manulife Investment Management (Singapore) Pte. Ltd. penalties & pending litigations etc. investors should, before Registered office: 8 Cross Street, #16-01, Manulife Tower, investment, refer to the Scheme Information Document and Singapore 048424. Statement of Additional Information available free of cost at any of Investment Manager the Investor Service Centres or distributors or from the website Mahindra Manulife Investment Management Private Limited (Formerly known as Mahindra Asset Management Company Private Limited) www.mahindramanulife.com Registered office: “A” Wing, 4th Floor, Mahindra Towers, Dr.G.M. Bhosale Marg, The Scheme particulars have been prepared in accordance with P.K. Kurne Chowk, Worli, Mumbai 400018 India Securities and Exchange Board of India (Mutual Funds) Regulations Trustee 1996, as amended till date, and led with Securities and Exchange Mahindra Manulife Trustee Private Limited Board of India (SEBI). The units being offered for public subscription (Formerly known as Mahindra Trustee Company Private Limited) Registerd office: have not been approved or disapproved by SEBI, nor has SEBI “A” Wing, 4th Floor, Mahindra Towers, 570 P B Marg, certied the accuracy or adequacy of this KIM. P.K. Kurne Chowk, Worli, Mumbai 400018 India This KIM is dated January 27, 2021 Mutual Fund Mahindra Manulife Mutual Fund Corporate Office : Sadhana House, 1st Floor, 570 , P.B. Marg, Worli, Mumbai - 400018, India THE PAGE IS INTENTIONALLY LEFT BLANK Investment Objective The Scheme may review the above pattern of investments based on views on interest rates and asset liability management needs. However, at all times the portfolio will adhere to the overall The investment objective of the Scheme is to generate income and capital appreciation through investment objectives of the Scheme. an actively managed diversified portfolio of Debt & Money Market instruments such that the Subject to the SEBI Regulations, the asset allocation pattern indicated above may change from Macaulay duration of the portfolio is between 1 year to 3 years. However, there is no assurance time to time, keeping in view market conditions, market opportunities, applicable regulations or guarantee that the investment objective of the Scheme will be achieved. The Scheme does and political and economic factors. These proportions can vary substantially depending upon not assure or guarantee any returns. the perception of the fund manager; the intention being at all times to seek to protect the interests of the Unit holders. Such changes in the investment pattern will be for short term and Asset Allocation Pattern of the Scheme for defensive considerations only. In case of deviation, the portfolio would be rebalanced within Under normal circumstances the asset allocation pattern will be: 30 days from the date of deviation. In case the same is not aligned to the above asset allocation pattern within 30 days, justification shall be provided to the Investment Committee and reasons Indicative Allocation Risk Profile for the same shall be recorded in writing. The Investment Committee shall then decide on the (% of assets) Instruments course of action. Minimum Maximum Low/Medium/ High Debt*and Money Market Instruments^ 0% 100% Low to Medium Risk Profile of the Scheme Units issued by REITs & InvITs 0% 10% Medium to High Mutual Fund Units involve investment risks including the possible loss of principal. Please read the SID carefully for details on risk factors before investment. *Includes securitized debt (excluding foreign securitized debt) and debt instruments having Scheme specific Risk Factors are summarized below: structured obligations/ credit enhancements (such as corporate / promoter guarantee, conditional and contingent liabilities, covenants, pledge and / or Non Disposal Undertaking of The Scheme carries risks associated with investing in fixed income securities, securitized debt, shares etc) upto 35% of the net assets of the Scheme. foreign securities and derivatives. Investment in fixed income securities are subject to risks including but not limited to interest rate risk, re-investment risk, basis risk, spread risk, liquidity Further, the investment by the Scheme in the following instruments shall not exceed 10% of the risk, credit risk, duration risk and performance risk. The Scheme also carries risks associated debt portfolio of the scheme and the group exposure in such instruments shall not exceed 5% with investments in the units of Real Estate Investment Trust (REIT) and Infrastructure of the debt portfolio of the scheme: Investment Trust (InvIT), Tri-party Repo (TREPS) through CCIL, repo transactions in Corporate a. Unsupported rating of debt instruments (i.e. without factoring-in credit enhancements) Debt Securities. The Scheme also carries risks associated with segregated portfolio, structured is below investment grade and obligation/credit enhancements and imperfect hedging using interest rate futures. Please refer b. Supported rating of debt instruments (i.e. after factoring-in credit enhancement) is above the SID for detailed risk factors. investment grade. Risk Mitigation factors For the purpose of this provision, ‘Group’ shall have the same meaning as defined in paragraph B(3)(b) of SEBI Circular No.SEBI/HO/IMD/DF2/CIR/P/2016/35 dated February 15, 2016. Risk is an inherent part of the investment function. Effective risk management is critical to fund management for achieving financial soundness. Since investing requires disciplined These limits shall not be applicable on investments in securitized debt instruments, as defined risk management, the AMC would incorporate adequate safeguards for controlling risks in in SEBI (Public Offer and Listing of Securitized Debt Instruments) Regulations 2008. the portfolio construction process. The risk control process involves reducing risks through Investment in debt instruments, having credit enhancements backed by equity shares directly portfolio diversification; The AMC believes that this diversification would help achieve the or indirectly, shall have a minimum cover of 4 times considering the market value of such shares. desired level of consistency in returns. The AMC aims to identify securities, which offer superior Investment in Derivatives – up to 20% of the net assets of the Scheme. Investment in derivatives levels of yield at lower levels of risks. With the aim of controlling risks, rigorous in-depth credit shall be for hedging, portfolio balancing and such other purposes as maybe permitted from evaluation of the securities proposed to be invested in will be carried out by the investment time to time. team of the AMC. Risk control would involve managing risk in order to keep it in line with the investment objective of the Scheme. AMC has implemented the Miles Fundware as Front Office Pursuant to SEBI Circular No. SEBI/HO/IMD/DF3/CIR/P/2020/229 dated November 6, 2020 the System (FOS) for this purpose The system has incorporated all the investment restrictions as Scheme shall hold at least 10% of its net assets in liquid assets. For this purpose, “liquid assets” per SEBI guidelines and “soft” warning alerts at appropriate levels for preemptive monitoring. shall include Cash, Government Securities, T-bills and Repo on Government Securities. Further, in case, the exposure in such liquid assets falls below 10% of net assets of the Scheme, the The system enables identifying & measuring the risk through various risk measurement tools AMC will ensure compliance with the above mentioned requirement before making any further like various risk ratios, average duration and analyzes the same and acts in a preventive manner. investments. Investment Strategy The Scheme may invest in foreign securities upto 25% of the net assets of the Scheme. The Scheme intends to invest US$ 5 million in Overseas securities within six months from the date The Scheme seeks to invest in a diversified portfolio of debt and money market instruments to of the closure of the New Fund Offer (NFO) of the Scheme. Thereafter, the Scheme shall invest in generate stable income and capital appreciation with relatively lower credit and interest rate Overseas securities as per the limits available to ‘Ongoing Schemes’ in terms of the SEBI Circular risk. The Scheme will maintain the Macaulay duration of the portfolio between 1 year to 3 years. No. SEBI/HO/IMD/DF3/CIR/P/2020/225 dated November 5, 2020. The Scheme may invest in The Fund Manager will seek to play out the yield curve and exploit anomalies if any in the curve, Credit Default Swaps (CDS) in accordance with SEBI Circular No. CIR/IMD/DF/23/2012 dated for the portfolio construction after analysing the macro-economic environment including November 15, 2012. future course of system liquidity, interest rates and inflation along with other considerations in The Scheme may undertake repo / reverse repo transactions in corporate debt securities in the economy and markets.
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