Mahindra Mutual Fund launches new scheme

Mahindra Mutual Fund, launched new open ended equity scheme Mahindra Rural Bharat and Consumption Yojana.

The scheme is aimed at investors seeking long-term capital appreciation by investing predominantly in equity and equity related instruments of entities engaged in and or expected to benefit from high growth of income and consumption in rural parts of the country.

Ashutosh Bishnoi, MD and CEO, Mahindra Mutual Fund said, We expect India’s higher GDP growth to be contributed by positive demographic dividend and improvement in consumption pattern from Rural India. Mahindra Rural Bharat and Consumption Yojana provides investors an opportunity to participate in India growth story predominantly in Rural India by investing in well diversified equity portfolio of fundamentally strong, and well known companies,” he said