Mahindra Manulife Mutual Fund has announced the launch of the Mahindra Manulife Income Plus Arbitrage Active Fund of Fund (FOF), an open-ended scheme that will predominantly invest in units of actively managed debt-oriented and arbitrage mutual fund schemes.

The New Fund Offer (NFO) will open on November 21 and close on December 1, and reopen for continuous sale and repurchase from December 8, the fund house said.

The scheme aims to generate long-term capital appreciation by allocating to a mix of debt and arbitrage strategies. According to the fund house, the structure seeks to help investors manage reinvestment risk in fixed income, benefit from arbitrage spreads in volatile markets, and achieve tax efficiency for holding periods exceeding 24 months, as per prevailing tax laws.

Mahind

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