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The restrictions, however, will not affect SIPs, STPs or other such special products registered before the effective date and the unitholders under the dividend reinvestment option.
Funds having a high cash allocation may suggest a sense of caution towards the stock market. Generally, when funds hold a significant cash position, it implies that the market is overvalued or an anticipation of favourable investment opportunities in the future.
Mahindra Mutual Fund has announced the launch of Mahindra Manulife Multi-Asset Allocation Fund, which is an open-ended scheme investing in equity, debt, gold, as well as exchange-traded fund, as well as exchange-traded commodity derivatives. Now, the NFO was open for subscription on the February 20th and will close on March 5th. It will subsequently reopen for continuous sale and repurchase from 15th of March.