Mahindra Mutual Fund Badhat Yojana Direct Growth is a Equity Mutual Fund Scheme launched by Mahindra Mutual Fund. This scheme was introduced to investors on 11 May 2017. Ratish Varier is the Current Fund Manager of Mahindra Mutual Fund Badhat Yojana Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹311 Cr and the Latest NAV as of 20 Nov 2019 is ₹12.17.
The Mahindra Mutual Fund Badhat Yojana Direct Growth is rated Moderately High risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 1000. Exit load of 1% if redeemed within 1 year..
The investment objective of the Scheme is to provide medium to long term capital appreciation through appropriate diversification and taking low risk on business quality. The diversified portfolio would predominantly consist of equity and equity related securities including derivatives. However, there can be no assurance that the investment objective of the Scheme will be achieved.
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.
Scheme Information Document(SID)
Min for First Investment
Min for Second Investment
Exit load of 1% if redeemed within 1 year.