Mahindra Manulife Introduces Open-Ended Innovation-Themed Equity Fund

Mahindra Manulife Mutual Fund has launched the Mahindra Manulife Innovation Opportunities Fund, an open-ended equity scheme focused on capturing long-term growth from innovation-led businesses. The NFO will be open from January 9 to January 23, 2026, and the scheme will reopen for continuous transactions from February 2, 2026.

The fund seeks to invest primarily in equity and equity-related instruments of companies following the innovation theme, with exposure ranging from 80% to 100% of total assets. It will invest in businesses driving change through technological advancements, new business models and structural transformation across sectors.

The scheme allows investments in equity derivatives, foreign securities, REITs, InvITs, debt and money market instruments, providing flexibility in portfolio construction while maintaining an innovation-focused core.

The fund will be managed by Ms. Kirti Dalvi, Fund Manager – Equity, along with Mr. Renjith Sivaram Radhakrishnan, Fund Manager & Analyst, who together bring over three decades of experience in equity research and fund management.

Krishna Sanghavi, CIO – Equity, Mahindra Manulife Investment Management Pvt. Ltd, said, “India is entering a phase where innovation is no longer limited to a few sectors — it is becoming the core engine of competitive advantage across the economy. From manufacturing and financial services to healthcare, digital platforms and clean energy, companies that embrace innovation are building durable growth models. This fund is designed to identify such businesses, focusing on those with the ability to scale, adapt over the long term”.