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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.

List of undefined in India

Fund NameCategoryRisk1Y ReturnsRatingFund Size(in Cr)
Mahindra Manulife Liquid FundDebtLow to Moderate3.5%5₹1,607
Mahindra Manulife Multi Cap Badhat Yojana FundEquityVery High14.5%4₹1,151
Mahindra Manulife Mid Cap Unnati Yojana FundEquityVery High10.4%4₹922
Mahindra Manulife Large Cap Pragati Yojana FundEquityModerately High6.8%4₹153
Mahindra Manulife Equity Savings Dhan Sanchay Yojana FundHybridModerately High8.0%4₹424
Mahindra Manulife Low Duration FundDebtModerate3.4%4₹636
Mahindra Manulife Dynamic Bond Yojana FundDebtModerate0.3%4₹62
Mahindra Manulife Overnight FundDebtLow3.4%4₹146
Mahindra Manulife Hybrid Equity Nivesh Yojana FundHybridModerately High9.5%4₹435
Mahindra Manulife ELSS Kar Bachat Yojana FundEquityVery High10.0%3₹462
Mahindra Manulife Ultra Short Term FundDebtModerately Low3.5%3₹324
Mahindra Manulife Top 250 Nivesh Yojana FundEquityModerately High15.8%1₹748
Mahindra Manulife Rural Bharat And Consumption Yojana FundEquityVery High7.4%0₹48
Mahindra Manulife Arbitrage Yojana FundHybridLow3.9%0₹21
Mahindra Manulife Focused Equity Yojana FundEquityVery High12.5%0₹515
View All

Key information about Mahindra Asset Management Company Private Limited (MAMCPL)

Mutual fund nameMahindra Mutual Fund
Asset management company nameMahindra Asset Management Company Private Limited (MAMCPL)
AMC Setup Date4 February 2016
AMC Incorporation Date20 June 2013
Sponsor nameMahindra and Mahindra Financial Services Ltd.
Trustee organisationMahindra and Mahindra Financial Services Ltd.
Name of trusteesMr. Manohar G. Bhide (Independent Director)Mr. Narendra Mairpady (Independent Director)Mr. Gautam G. Parekh (Independent Director)Mr. Debabrata Bandyopadhyay (Independent Director)
MD and CEOMr. Ashutosh Bishnoi
CIOMr. Saravana Kumar
CFO and Executive DirectorMr. V. Ravi
Compliance OfficerMr. Ravi Dayma
Investor Service OfficerMr. Sanjay DCunha

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How can you invest in ?

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 Liquid Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 4.37% & 5.54%. 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₹1,607Cr
1Y Returns3.5%

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 23.05% & 15.56%. 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₹1,151Cr
1Y Returns14.5%

Mahindra Manulife Mid Cap Unnati Yojana Direct Growth

Fund Performance: 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₹922Cr
1Y Returns10.4%

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₹153Cr
1Y Returns6.8%

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 12.35% & 9.36%. 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₹424Cr
1Y Returns8.0%

Mahindra Manulife Low Duration Fund Direct Growth

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 5.8% & 6.53%. 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₹636Cr
1Y Returns3.4%

Mahindra Manulife Dynamic Bond Yojana Direct Growth

Fund Performance: 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₹62Cr
1Y Returns0.3%

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₹146Cr
1Y Returns3.4%

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₹435Cr
1Y Returns9.5%

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 15.95% & 10.3%. 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₹462Cr
1Y Returns10.0%

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₹324Cr
1Y Returns3.5%

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₹748Cr
1Y Returns15.8%

Mahindra Manulife Rural Bharat And Consumption Yojana Direct Growth

Fund Performance: 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₹48Cr
1Y Returns7.4%

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₹21Cr
1Y Returns3.9%

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₹515Cr
1Y Returns12.5%

FAQs on Mahindra Mutual Fund

How to Start Mahindra Mutual Fund SIP Online?

One can start investing in Mahindra Mutual Fund online through Groww without any hassles. Alternatively, they can also invest through the respective fund houses’ website. One can also make use of any other online platform or mobile application to invest in Mahindra Mutual Funds.

How to Calculate Mahindra Mutual Fund SIP?

To calculate Mahindra Mutual Fund SIP, one needs to take into account certain things such as:

  1. the investment amount
  2. the tenure of SIP
  3. the number of your Mahindra Mutual Fund SIPs (if there's any) already paid
  4. expected interest rate

How to redeem Mahindra Mutual Fund?

To redeem Mahindra Mutual Funds through offline mode, one can visit the nearest fund house and submit a form. Alternatively, an investor can also visit the official website and redeem the investment by signing in with the folio number. They can also withdraw their Mahindra Mutual Fund investments from any online portal where they have invested.

How to increase SIP amount in axis mutual fund?

An Mahindra Mutual Fund sip amount can be increased with the help of Step-up or top-up SIPs. Earlier, this facility was provided by very few fund houses. Now, however, most of them offer it but it is advisable to check with the fund house first. If the facility is available, it is advisable to check with Step-up Calculator to calculate the SIP Amount and then take any decision.

How to stop a SIP in an Mahindra Mutual Fund online?

Yes, you can stop your SIP online at any time by just placing a Cancel SIP request. To stop or cancel your SIP, you can either log in to the Mahindra Mutual Funds website with a folio number or contact your agent or check the steps on the online investment platform where you have invested.

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