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.
Key information
| 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.
| Fund Name | Category | Risk | 1Y Returns | Rating | Fund Size(in Cr) | |
|---|---|---|---|---|---|---|
| Mahindra ALP-Samay Bachat Yojana | Debt | Moderately Low | 9.0% | 5star | ₹345 | |
| Mahindra Unnati Emerging Business Yojana | Equity | Moderately High | -11.4% | 3star | ₹447 | |
| Mahindra Kar Bachat Yojana | Equity | Moderately High | -10.5% | 1star | ₹324 | |
| Mahindra Dhan Sanchay Yojana | Hybrid | Moderately High | 1.9% | 1star | ₹235 | |
| Mahindra Badhat Yojana | Equity | Moderately High | -6.4% | 1star | ₹280 | |
| View All Top Performing Mahindra Mutual Funds |
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.
Now let us jump and check about these top 10 mutual fund schemes.
Fund Performance: This fund has consistently beaten its benchmark in Ultra Short Duration segment and provided -100% annualized returns in the last 3 years. In the last 1 year, it gave 9% returns.
Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 9% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹1,000. Minimum SIP investment amount for this scheme is ₹500. This is one of the best Debt mutual fund in India.
| Launch Date | 14 Feb 2017 |
|---|---|
| Min Investment Amt | ₹1,000 |
| AUM | ₹345Cr |
| 1Y Returns | 9.0% |
Fund Performance: This fund has consistently beaten its benchmark in Diversified segment and provided -100% annualized returns in the last 3 years. In the last 1 year, it gave -11.45% returns.
Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -11.45% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹1,000. Minimum SIP investment amount for this scheme is ₹500. This is one of the best Equity mutual fund in India.
| Launch Date | 29 Jan 2018 |
|---|---|
| Min Investment Amt | ₹1,000 |
| AUM | ₹447Cr |
| 1Y Returns | -11.4% |
Fund Performance: This fund has consistently beaten its benchmark in ELSS segment and provided -100% annualized returns in the last 3 years. In the last 1 year, it gave -10.48% returns.
Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -10.48% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹500. Minimum SIP investment amount for this scheme is ₹500. This is one of the best Equity mutual fund in India.
| Launch Date | 17 Oct 2016 |
|---|---|
| Min Investment Amt | ₹500 |
| AUM | ₹324Cr |
| 1Y Returns | -10.5% |
Fund Performance: This fund has consistently beaten its benchmark in Arbitrage segment and provided -100% annualized returns in the last 3 years. In the last 1 year, it gave 1.88% returns.
Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 1.88% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹1,000. Minimum SIP investment amount for this scheme is ₹500. This is one of the best Hybrid mutual fund in India.
| Launch Date | 31 Jan 2017 |
|---|---|
| Min Investment Amt | ₹1,000 |
| AUM | ₹235Cr |
| 1Y Returns | 1.9% |
Fund Performance: This fund has consistently beaten its benchmark in Multi Cap segment and provided -100% annualized returns in the last 3 years. In the last 1 year, it gave -6.39% returns.
Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -6.39% returns in the last 1 year. Minimum lump sum investment amount for this scheme is ₹1,000. Minimum SIP investment amount for this scheme is ₹500. This is one of the best Equity mutual fund in India.
| Launch Date | 10 May 2017 |
|---|---|
| Min Investment Amt | ₹1,000 |
| AUM | ₹280Cr |
| 1Y Returns | -6.4% |
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