Home>Mutual Funds>AMC>Mahindra Mutual Funds

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

Fund NameCategoryRisk1Y ReturnsRatingFund Size(in Cr)
Mahindra Dhan Sanchay YojanaHybridModerately High29.0%5star281
Mahindra Badhat YojanaEquityVery High73.0%4star721
Mahindra Unnati Emerging Business YojanaEquityVery High65.7%4star785
Mahindra ALP-Samay Bachat YojanaDebtModerate4.7%4star662
Mahindra Manulife Credit Risk FundDebtModerate5.3%4star117
Mahindra Liquid FundDebtLow to Moderate3.4%4star1,760
Mahindra Manulife Ultra Short Term FundDebtModerately Low4.0%4star232
Mahindra Kar Bachat YojanaEquityVery High65.3%3star409
Mahindra Manulife Overnight FundDebtLow3.1%3star67
Mahindra Rural Bharat and Consumption YojanaEquityVery High47.7%3star49
Mahindra Hybrid Equity Nivesh Yojana Direct - GrowthFundHybridModerately High51.2%3star272
Mahindra Manulife Arbitrage Yojana FundHybridLow3.8%star33
Mahindra Manulife Large Cap Pragati Yojana FundEquityModerately High56.7%star129
Mahindra Top 250 Nivesh Yojana Direct - GrowthFundEquityModerately High62.6%star410
Mahindra Manulife Focused Equity Yojana FundEquityVery HighN.Astar413
View All Top Performing Mahindra Mutual Funds

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

Mutual fundMahindra Mutual Fund
Asset management companyMahindra Asset Management Company Private Limited (MAMCPL)
Set up4 February 2016
Incorporated20 June 2013
SponsorsMahindra and Mahindra Financial Services Ltd.
TrusteeMahindra 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
Investor Service OfficerMr. Sanjay DCunha
Compliance OfficerMr. Ravi Dayma

Why invest with Groww?

— Registered with SEBI, AMFI & BSE

— Paperless sign up on web & app

— Expert recommendations

— ZERO fees !

Sign Up

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: This fund has consistently performed above the benchmark in Equity Savings segment. It has given a commendable 13.97% annual returns in the last three years. In the previous year, it delivered 29% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Hybrid mutual funds in India.

Min Investment Amt₹1,000
AUM281Cr
1Y Returns29.0%

Mahindra Manulife Multi Cap Badhat Yojana Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Multi Cap segment. It has given a commendable 25.37% annual returns in the last three years. In the previous year, it delivered 72.96% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Equity mutual funds in India.

Min Investment Amt₹1,000
AUM721Cr
1Y Returns73.0%

Mahindra Manulife Mid Cap Unnati Yojana Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Mid Cap segment. It has given a commendable 22% annual returns in the last three years. In the previous year, it delivered 65.71% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Equity mutual funds in India.

Min Investment Amt₹1,000
AUM785Cr
1Y Returns65.7%

Mahindra Manulife Low Duration Fund Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Low Duration segment. It has given a commendable 7.19% annual returns in the last three years. In the previous year, it delivered 4.68% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Debt mutual funds in India.

Min Investment Amt₹1,000
AUM662Cr
1Y Returns4.7%

Mahindra Manulife Dynamic Bond Yojana Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Dynamic Bond segment. It has given a commendable 7.04% annual returns in the last three years. In the previous year, it delivered 5.33% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Debt mutual funds in India.

Min Investment Amt₹1,000
AUM117Cr
1Y Returns5.3%

Mahindra Manulife Liquid Fund Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Liquid segment. It has given a commendable 5.28% annual returns in the last three years. In the previous year, it delivered 3.39% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Debt mutual funds in India.

Min Investment Amt₹1,000
AUM1,760Cr
1Y Returns3.4%

Mahindra Manulife Ultra Short Term Fund Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Ultra Short Duration segment. In the previous year, it delivered 4.02% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Debt mutual funds in India.

Min Investment Amt₹1,000
AUM232Cr
1Y Returns4.0%

Mahindra Manulife ELSS Kar Bachat Yojana Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in ELSS segment. It has given a commendable 18.97% annual returns in the last three years. In the previous year, it delivered 65.29% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Equity mutual funds in India.

Min Investment Amt₹500
AUM409Cr
1Y Returns65.3%

Mahindra Manulife Overnight Fund Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Overnight segment. In the previous year, it delivered 3.14% returns.

Why to invest: This fund has performed better than other funds in the same category. It is one of most notable Debt mutual funds in India.

Min Investment Amt₹1,000
AUM67Cr
1Y Returns3.1%

Mahindra Manulife Rural Bharat And Consumption Yojana Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Sectoral / Thematic segment. In the previous year, it delivered 47.67% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Equity mutual funds in India.

Min Investment Amt₹1,000
AUM49Cr
1Y Returns47.7%

Mahindra Manulife Hybrid Equity Nivesh Yojana Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Aggressive Hybrid segment. In the previous year, it delivered 51.18% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Hybrid mutual funds in India.

Min Investment Amt₹1,000
AUM272Cr
1Y Returns51.2%

Mahindra Manulife Arbitrage Yojana Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Arbitrage segment. In the previous year, it delivered 3.78% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Hybrid mutual funds in India.

Min Investment Amt₹1,000
AUM33Cr
1Y Returns3.8%

Mahindra Manulife Large Cap Pragati Yojana Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Large Cap segment. In the previous year, it delivered 56.73% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Equity mutual funds in India.

Min Investment Amt₹1,000
AUM129Cr
1Y Returns56.7%

Mahindra Manulife Top 250 Nivesh Yojana Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Large & MidCap segment. In the previous year, it delivered 62.64% returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Equity mutual funds in India.

Min Investment Amt₹1,000
AUM410Cr
1Y Returns62.6%

Mahindra Manulife Focused Equity Yojana Direct Growth

Fund Performance: This fund has consistently performed above the benchmark in Focused segment. In the previous year, it delivered NA returns.

Why to invest: This fund has performed better than other funds in the same category. The minimum SIP investment amount required to invest in this scheme is ₹500. It is one of most notable Equity mutual funds in India.

Min Investment Amt₹1,000
AUM413Cr
1Y ReturnsNA

Explore all Mutual Funds on Groww

Explore Mutual Funds
ⓒ 2016-2021 Groww. All rights reserved, Built with in India
MOST POPULAR ON GROWWVERSION - 1.8.9
STOCK MARKET INDICES:  S&P BSE SENSEX |  S&P BSE 100 |  NIFTY 100 |  NIFTY 50 |  NIFTY MIDCAP 100 |  NIFTY BANK |  NIFTY NEXT 50
MUTUAL FUNDS COMPANIES: ICICI PRUDENTIAL  | HDFC  | NIPPON INDIA  | ADITYA BIRLA SUN LIFE  | SBI  | UTI  | FRANKLIN TEMPLETON  | KOTAK MAHINDRA  | IDFC  | DSP  | AXIS  | TATA  | L&T  | SUNDARAM  | PGIM  | INVESCO  | LIC  | JM FINANCIAL  | BARODA PIONEER  | CANARA ROBECO  | HSBC  | IDBI  | INDIABULLS  | MOTILAL OSWAL  | BNP PARIBAS  | MIRAE ASSET  | PRINCIPAL  | BOI AXA  | UNION KBC  | TAURUS  | EDELWEISS  | NAVI  | MAHINDRA  | QUANTUM  | PPFAS  | IIFL  | Quant  | SHRIRAM  | SAHARA | ITI