Manulife India Equity Fund ("The Fund") is a growth (open-ended) fund under equity fund type.

The Fund invests in the MGF-INDF which aims to achieve long term capital growth through equities and equity-related investments of companies covering different sectors of the Indian economy and which are listed on stock exchanges in India or any stock exchange. The remaining assets of the MGF-INDF may include convertible bonds, bonds, deposits and other investments.

The Fund seeks to achieve its investment objective by investing a minimum of 95% of the Fund's NAV in MGF-INDF Share Class AA. The remaining 2%-5% of the Fund's NAV will be invested in money market instruments (including fixed income securities with a maturity period of not more than 365 days) and placement of deposits with financial institutions for liquidity purposes.

The Fund is launched on Maybank's Platform on 10 April 2017. The Fund Manager is Manulife Asset Management Sdn Bhd and the trustee is HSBC (Malaysia) Trustee Berhad.

Fund Information

  • The fund is suitable for investors who:
    • Seek Long Term capital appreciation on their investments;
    • Have a high risk tolerance; and
    • Who seek an investment in the India market
  • Asset Allocation as follow:
    • A minimum of 95% of the Fund's NAV in MGF-INDF Share Class AA.
    • A maximum of 2%-5% of the Fund's NAV in money market instruments and placement of deposits with financial institutions for liquidity purposes.
  • The Fund's Income distribution is subject to the availability of income, and may be declared at lease once a year.
  • The benchmark is the MSCI India 10/40 Index
  • Sales Charge per Unit is up to 5.50% of the NAV per unit, exclusive of Goods and Services Tax ("GST").
  • Redemption fee is Nil.
  • Transfer facility is RM3 per transfer.
  • Switching fee is 1.00% with a minimum of 1,000 Unit.
  • Base currency is Malaysian Ringgit.
  • Minimum Balance of Investment is 500 unit.
  • The Annual Management fee is 1.80% of the NAV.
  • Trustee Fee is 0.08% per annum of the NAV of the Fund, (excluding foreign custodian fees and charges), accrued daily and payable monthly to the Trustee.
  • Minimum Initial Investment is RM1,000 and minimum additional investment is RM100.
  • Minimum redemption amount is 500 units. Redemption monies to be paid within ten (10) calendar days from the date of redemption request is received by the Manager.
  • Cooling off period, unit holders may exercise cooling-off rights within six (6) business days commencing from the date the application of investment received by the Manager.


Please refer to our nearest branch for more details about Manulife India Equity Fund.

 

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