Mahindra Mutual Fund
Mahindra Asset Management Company Private Ltd. (MAMCPL) is established under the Companies Act, 1956. The company is the asset manager of Mahindra Mutual Fund, established as a trust under the Indian Trusts Act, 1882. It is registered with SEBUI under the registration number MF/069/16/01.
As of 31 March 2019, the AMC offers 31 schemes and has an asset under management (AuM) of Rs. 4,748 Crore.
It offers several open-ended schemes that focus on long-term financial growth. The company also provides products that are specially aimed at rural markets.
Some of the mutual funds offered by Mahindra include:
I. Mahindra Hybrid Equity Nivesh Yojana
The Mahindra Hybrid Equity Nivesh Yojana is a hybrid fund that aims to generate income and long-term capital appreciation. The majority of equities are allocated to companies that have the potential to grow exponentially.
II. Mahindra Rural Bharat And Consumption Yojana
The Mahindra Rural Bharat And Consumption Yojana is an equity fund invests in equity and equity-related instruments of firms that contribute to the growth of rural India.
III. Mahindra Low Duration Bachat Yojana
The Mahindra Low Duration Bachat Yojana is a low-duration debt scheme with duration ranging from 6 to 12 months. This scheme also offers zero exit load at the time of redemption.
IV. Mahindra Mutual Fund Kar Bachat Yojana
The Mahindra Mutual Fund Kar Bachat Yojana is an equity-linked savings scheme (ELSS) with a statutory lock in of 3 years. Investments in this scheme are subject to income tax exemptions under Section 80C of the Income Tax Act, 1961.
V. Mahindra Liquid Fund
The Mahindra Liquid Fund is a liquid scheme offering low risk and high liquidity. This scheme is beneficial for those looking to invest for 1 to 90 days.
MAMCPL is a wholly-owned subsidiary of Mahindra and Mahindra Financial Services Limited (MMFSL). As of FY 2018-19, the company has a net worth of Rs. 10,908 Crore, total income of Rs. 8,809 Crore, and profit of Rs. 1,557 Crore. It has an asset under management of Rs. 67,078 Crore.
Top Performing Mahindra Mutual Funds
Key information about Mahindra Asset Management Company Private Limited (MAMCPL)
| Mutual fund | Mahindra Mutual Fund | |||
|---|---|---|---|---|
| Asset management company | Mahindra Asset Management Company Private Limited (MAMCPL) | |||
| Set up | 4 February 2016 | |||
| Incorporated | 20 June 2013 | |||
| Sponsors | Mahindra and Mahindra Financial Services Ltd. | |||
| Trustee | Mahindra and Mahindra Financial Services Ltd. | |||
| Name of trustees | Mr. Manohar G. Bhide (Independent Director) | Mr. Narendra Mairpady (Independent Director) | Mr. Gautam G. Parekh (Independent Director) | Mr. Debabrata Bandyopadhyay (Independent Director) |
| MD and CEO | Mr. Ashutosh Bishnoi | |||
| CIO | Mr. Saravana Kumar | |||
| CFO and Executive Director | Mr. V. Ravi | |||
| Investor Service Officer | Mr. Sanjay DCunha | |||
| Compliance Officer | Mr. Ravi Dayma |
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How can you invest in Mahindra Mutual Funds?
Step 1. Register yourself to create a new Groww account; log-in if you already have one.
Step 2. Upload your identity proof documents (Voter ID, PAN, Passport, Aadhaar, Driving License, Central or State Government ID card, etc.).
Step 3. Upload your address proof documents (any identity KYC document with your permanent address, etc.).
Step 4. Choose the period you want to invest your funds.
Step 5. Choose from the available risk options (low, mid, or high).
Step 6. Select the Mahindra Mutual Fund you want to invest in.
Step 7. If you want to invest a lump sum amount, click on “Invest One Time”; if you want to invest via SIP, click “Start SIP.”
The Mahindra Mutual Fund in India you have invested in will reflect in your Groww account within 3 to 4 working days.
Top Fund Managers
1. Mr. Srinivasan Ramamurthy
Mr. Srinivasan Ramamurthy was an Associate Consultant in Oracle in 2002 where he designed and implemented of internal credit rating applications based on Basel II recommendations. He became a Consultant in KPMG in 2006 where he was responsible for managing a large foreign multinational bank entering India. In 2007, he joined Credit Suisse as a Sell-side Institutional Equities Analyst covering the Indian financial sector. He moved to IDBI Federal Life Insurance as a Fund Manager in 2012.
Mr. Ramamurthy joined Mahindra Mutual Fund as a Fund Manager in 2018. He currently manages an AuM of Rs. 566 Crore invested in 4 schemes like Mahindra Mutual Fund Badhat Yojana, Mahindra Dhan Sanchay Equity Savings Yojana, etc.
He has an Engineering degree from Jadavpur University and also holds an MBA degree from IIM Calcutta.
2. Mr. Rahul Pal
Mr. Rahul Pal was the Manager at IDBI Bank in 2001. In 2004, he joined Sundaram BNP Paribas Mutual Fund as the Vice President and Fund Manager of Fixed Income. He joined Taurus Mutual Fund in 2010 as the Head of Fixed Income.
Mr. Pal became the Head of Fixed Income at Mahindra Asset Management Company Private Ltd. in 2015. He manages an AuM of Rs. 3,520 Crore invested in 12 schemes like Mahindra Low Duration Bachat Yojana, Mahindra Liquid Fund, Mahindra Credit Risk Yojana, Mahindra Dhan Sanchay Equity Savings Yojana, etc.
He holds a B.Com degree from the St. Xavier's College. Mr. Pal is also a Chartered Accountant.
3. Mr. V. Balasubramanian
Mr. V. Balasubramanian was a Dealer at IDBI Asset Management Limited back in 2010. In 2011, he joined the Treasury Department of Indian Bank.
Mr. Balasubramanian joined Mahindra Mutual Fund as the Chief Portfolio Strategist of Equity in 2018. He manages an AuM of Rs. 976 invested in 4 schemes like Mahindra Unnati Emerging Business Yojana, Mahindra Mutual Fund Kar Bachat Yojana, etc.
He holds an M.Com degree and is also a Certified Associate of the Indian Institute of Bankers.
Let's have a closer look
Now let us jump and check about these top 10 mutual fund schemes.
Mahindra Manulife Equity Savings Dhan Sanchay Yojana Direct Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 14.67% & null%. The Mahindra Manulife Equity Savings Dhan Sanchay Yojana Fund comes under the Hybrid category of Mahindra Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Mahindra Manulife Equity Savings Dhan Sanchay Yojana Fund is ₹1,000 and for SIP, it is ₹500.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹344Cr |
| 1Y Returns | 22.6% |
Mahindra Manulife Multi Cap Badhat Yojana Direct Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 27.67% & null%. The Mahindra Manulife Multi Cap Badhat Yojana Fund comes under the Equity category of Mahindra Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Mahindra Manulife Multi Cap Badhat Yojana Fund is ₹1,000 and for SIP, it is ₹500.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹854Cr |
| 1Y Returns | 58.9% |
Mahindra Manulife Mid Cap Unnati Yojana Direct Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 24.79% & null%. The Mahindra Manulife Mid Cap Unnati Yojana Fund comes under the Equity category of Mahindra Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Mahindra Manulife Mid Cap Unnati Yojana Fund is ₹1,000 and for SIP, it is ₹500.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹845Cr |
| 1Y Returns | 55.2% |
Mahindra Manulife Low Duration Fund Direct Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 6.82% & null%. The Mahindra Manulife Low Duration Fund comes under the Debt category of Mahindra Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Mahindra Manulife Low Duration Fund is ₹1,000 and for SIP, it is ₹500.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹680Cr |
| 1Y Returns | 4.0% |
Mahindra Manulife Dynamic Bond Yojana Direct Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 6.67% & null%. The Mahindra Manulife Dynamic Bond Yojana Fund comes under the Debt category of Mahindra Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Mahindra Manulife Dynamic Bond Yojana Fund is ₹1,000 and for SIP, it is ₹500.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹103Cr |
| 1Y Returns | 4.0% |
Mahindra Manulife Liquid Fund Direct Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 4.99% & 5.84%. The Mahindra Manulife Liquid Fund comes under the Debt category of Mahindra Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Mahindra Manulife Liquid Fund is ₹1,000 and for SIP, it is ₹500.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹1,505Cr |
| 1Y Returns | 3.4% |
Mahindra Manulife Ultra Short Term Fund Direct Growth
Fund Performance: The Mahindra Manulife Ultra Short Term Fund comes under the Debt category of Mahindra Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Mahindra Manulife Ultra Short Term Fund is ₹1,000 and for SIP, it is ₹500.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹200Cr |
| 1Y Returns | 3.7% |
Mahindra Manulife ELSS Kar Bachat Yojana Direct Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 19.73% & 14.76%. The Mahindra Manulife ELSS Kar Bachat Yojana Fund comes under the Equity category of Mahindra Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Mahindra Manulife ELSS Kar Bachat Yojana Fund is ₹500 and for SIP, it is ₹500.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹424Cr |
| 1Y Returns | 47.4% |
Mahindra Manulife Rural Bharat And Consumption Yojana Direct Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 12.21% & null%. The Mahindra Manulife Rural Bharat And Consumption Yojana Fund comes under the Equity category of Mahindra Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Mahindra Manulife Rural Bharat And Consumption Yojana Fund is ₹1,000 and for SIP, it is ₹500.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹49Cr |
| 1Y Returns | 30.2% |
Mahindra Manulife Overnight Fund Direct Growth
Fund Performance: The Mahindra Manulife Overnight Fund comes under the Debt category of Mahindra Mutual Funds.
Minimum Investment Amount:
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹268Cr |
| 1Y Returns | 3.2% |
Mahindra Manulife Hybrid Equity Nivesh Yojana Direct Growth
Fund Performance: The Mahindra Manulife Hybrid Equity Nivesh Yojana Fund comes under the Hybrid category of Mahindra Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Mahindra Manulife Hybrid Equity Nivesh Yojana Fund is ₹1,000 and for SIP, it is ₹500.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹315Cr |
| 1Y Returns | 38.4% |
Mahindra Manulife Arbitrage Yojana Direct Growth
Fund Performance: The Mahindra Manulife Arbitrage Yojana Fund comes under the Hybrid category of Mahindra Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Mahindra Manulife Arbitrage Yojana Fund is ₹1,000 and for SIP, it is ₹500.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹32Cr |
| 1Y Returns | 3.9% |
Mahindra Manulife Large Cap Pragati Yojana Direct Growth
Fund Performance: The Mahindra Manulife Large Cap Pragati Yojana Fund comes under the Equity category of Mahindra Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Mahindra Manulife Large Cap Pragati Yojana Fund is ₹1,000 and for SIP, it is ₹500.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹137Cr |
| 1Y Returns | 40.3% |
Mahindra Manulife Focused Equity Yojana Direct Growth
Fund Performance: The Mahindra Manulife Focused Equity Yojana Fund comes under the Equity category of Mahindra Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Mahindra Manulife Focused Equity Yojana Fund is ₹1,000 and for SIP, it is ₹500.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹453Cr |
| 1Y Returns | 49.2% |
Mahindra Manulife Top 250 Nivesh Yojana Direct Growth
Fund Performance: The Mahindra Manulife Top 250 Nivesh Yojana Fund comes under the Equity category of Mahindra Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Mahindra Manulife Top 250 Nivesh Yojana Fund is ₹1,000 and for SIP, it is ₹500.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹476Cr |
| 1Y Returns | 54.1% |
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