|Min SIP Amount||₹500|
|NAV||₹13.89 (21 Jan 2021)|
|Fund Started||01 Feb 2017|
|Fund Size||₹206 Cr|
|Housing Development Finance Corpn. Ltd.||Financial||Equity||7.8%|
|Reliance Industries Ltd.||Energy||Equity||7.6%|
|ICICI Bank Ltd.||Financial||Equity||5.2%|
|State Bank of India||Financial||Equity||4.7%|
|HDFC Bank Ltd.||Financial||Equity||3.8%|
|Hindustan Unilever Ltd.||FMCG||Equity||2.9%|
|Tata Consultancy Services Ltd.||Technology||Equity||2.8%|
Mahindra Manulife Equity Savings Dhan Sanchay Yojana Direct Dividend is a Hybrid Mutual Fund Scheme launched by Mahindra Mutual Fund. This scheme was made available to investors on 01 Feb 2017. Rahul Pal, Ratish Varier is the Current Fund Manager of Mahindra Manulife Equity Savings Dhan Sanchay Yojana Direct Dividend fund.The fund currently has an Asset Under Management(AUM) of ₹206 Cr and the Latest NAV as of 21 Jan 2021 is ₹13.89.
The Mahindra Manulife Equity Savings Dhan Sanchay Yojana Direct Dividend is rated High risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 1000. For units in excess of 10% of the investment,1% will be charged for redemption within 12 months
The Scheme seeks to generate long term capital appreciation and also income through investments in equity and equity related instruments, arbitrage opportunities and investments in debt and money market instruments.
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.