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 2022, the AMC offers more than 31 schemes and has an asset under management (AuM) of Rs. 72727.95 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).
| Mutual fund name | Mahindra Mutual Fund | |||
| Asset management company name | Mahindra Asset Management Company Private Limited (MAMCPL) | |||
| AMC Setup Date | 4 February 2016 | |||
| AMC Incorporation Date | 20 June 2013 | |||
| Sponsor name | Mahindra and Mahindra Financial Services Ltd. | |||
| Trustee organisation | 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 | |||
| Compliance Officer | Mr. Ravi Dayma | |||
| Investor Service Officer | Mr. Sanjay DCunha |
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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 15 mutual fund schemes.
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 25.11% & 16.25%. 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 | ₹1,388Cr |
| 1Y Returns | 0.9% |
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 | ₹544Cr |
| 1Y Returns | 2.2% |
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 | ₹55Cr |
| 1Y Returns | 10.7% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 4.2% & 5.43%. 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 | ₹674Cr |
| 1Y Returns | 4.3% |
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 | ₹28Cr |
| 1Y Returns | 3.7% |
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 | ₹198Cr |
| 1Y Returns | -1.3% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 12.96% & 9.41%. 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 | ₹444Cr |
| 1Y Returns | 1.9% |
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 | ₹369Cr |
| 1Y Returns | 4.1% |
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 | ₹582Cr |
| 1Y Returns | 1.5% |
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 | ₹1,033Cr |
| 1Y Returns | 2.4% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 19.28% & 11.39%. 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 | ₹485Cr |
| 1Y Returns | -0.1% |
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 5.3% & 6.36%. 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 | ₹392Cr |
| 1Y Returns | 3.8% |
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 | ₹189Cr |
| 1Y Returns | 4.1% |
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 | ₹981Cr |
| 1Y Returns | 1.8% |
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 | ₹67Cr |
| 1Y Returns | 0.4% |
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