The New Fund Offer (NFO) will open on June 27 and close on July 11. The scheme will reopen for continuous sale and repurchase from July 21.
The fund aims to provide long-term capital appreciation by investing in a portfolio of equity and equity-related securities of companies in the BFSI space. It will cover a wide range of sub-sectors, including banks, insurance, asset management, broking, fintech, and other financial service providers.
According to Mahindra Manulife, the BFSI sector is positioned for strong structural growth. Key drivers include rising financialisation, digital adoption, higher per capita income, and a supportive regulatory environment.
“The banking and financial services sector plays a pivotal role in India’s economic progress,” said Anthony Heredia, MD & CEO of Mahindra Manulife Investment Management. “As formalisation and financial inclusion deepen, the sector presents a long-term opportunity. This fund aims to tap into that with a research-led approach.”
Krishna Sanghavi, CIO – Equity, added that while banking remains central to India’s financial landscape, opportunities are expanding across the ecosystem. “The fund will look beyond traditional institutions to include emerging players driving how India saves, borrows, invests, and transacts,” he said.
The fund comes at a time when the financial services sector accounts for over one-third of India’s market capitalisation and a growing share of corporate profits. Mahindra Manulife aims to capture this opportunity through a diversified, fundamentals-driven portfolio.
The scheme is suited for investors seeking sector-specific equity exposure and willing to accept market volatility associated with thematic investments.
Investors should read the Scheme Information Document (SID) and consult their financial advisers to assess the suitability of the product.
