How to Invest in Mahindra Manulife Equity Savings Fund Direct IDCW?

You can easily invest in Mahindra Manulife Equity Savings Fund Direct IDCW in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps: Log on to your Groww account Search for Mahindra Manulife Equity Savings Fund Direct IDCW from the search box In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete Once you are done with that, you can start investing in Mahindra Manulife Equity Savings Fund Direct IDCW as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does Mahindra Manulife Equity Savings Fund Direct IDCW provide?

The Mahindra Manulife Equity Savings Fund Direct IDCW has been there from 01 Feb 2017 and the average annual returns provided by this fund is 11.41% since its inception.

How much expense ratio is charged by Mahindra Manulife Equity Savings Fund Direct IDCW?

The term Expense Ratio used for Mahindra Manulife Equity Savings Fund Direct IDCW or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio of Mahindra Manulife Equity Savings Fund Direct IDCW is 0.72% as of 30 Nov 2023...

What is the AUM of Mahindra Manulife Equity Savings Fund Direct IDCW?

The AUM, short for Assets Under Management of Mahindra Manulife Equity Savings Fund Direct IDCW is ₹394.71Cr as of 30 Nov 2023.

How to Redeem Mahindra Manulife Equity Savings Fund Direct IDCW?

If you want to sell your Mahindra Manulife Equity Savings Fund Direct IDCW holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

What is the NAV of Mahindra Manulife Equity Savings Fund Direct IDCW?

The NAV of Mahindra Manulife Equity Savings Fund Direct IDCW is ₹15.76 as of 29 Nov 2023.

What is the PE and PB ratio of Mahindra Manulife Equity Savings Fund Direct IDCW?

The PE ratio ratio of Mahindra Manulife Equity Savings Fund Direct IDCW is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

Mahindra Manulife Equity Savings Fund Direct IDCW - NAV, Mutual Fund Performance & Portfolio

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Mahindra Manulife Equity Savings Fund Direct IDCW
Hybrid
Equity Savings
Moderately High Risk
Payout
13.27%
3Y annualised
+0.27% 1D
1M
6M
1Y
3Y
5Y
All
 NAV: 29 Nov 2023₹15.76
Min. SIP amount₹500
Rating3
Fund size₹394.71Cr
Return calculator
Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of ₹0
Would have become ₹ (%)
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Hybrid Equity Savings
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns11.4%13.3%12.3%10.7%
Category average9.5%9.5%8.3%NA
Rank with in category721NA
Understand terms
Holdings (71)NameSectorInstrumentAssets
Ambuja Cements Ltd.
ConstructionEquity5.8%
Bajaj Finance Ltd.
FinancialEquity4.1%
GOI
SovereignGOI Sec4.0%
HDFC Bank Ltd.
FinancialEquity3.5%
ITC Ltd.
Consumer StaplesEquity3.3%
ICICI Bank Ltd.
FinancialEquity3.0%
Reliance Industries Ltd.
EnergyEquity2.8%
Reserve Bank of India
FinancialT-Bills2.5%
Small Industries Devp. Bank of India Ltd.
FinancialDebenture2.5%
Reserve Bank of India
FinancialT-Bills2.5%
See All
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
24 Nov 2023 - Present
0.72%
23 Nov 2023 - 24 Nov 2023
0.72%
22 Nov 2023 - 23 Nov 2023
0.72%
21 Nov 2023 - 22 Nov 2023
0.72%
20 Nov 2023 - 21 Nov 2023
0.72%
19 Nov 2023 - 20 Nov 2023
0.72%
18 Nov 2023 - 19 Nov 2023
0.72%
17 Nov 2023 - 18 Nov 2023
0.72%
16 Nov 2023 - 17 Nov 2023
0.72%
15 Nov 2023 - 16 Nov 2023
0.72%
14 Nov 2023 - 15 Nov 2023
0.72%
13 Nov 2023 - 14 Nov 2023
0.72%
12 Nov 2023 - 13 Nov 2023
0.72%
11 Nov 2023 - 12 Nov 2023
0.72%
10 Nov 2023 - 11 Nov 2023
0.72%
09 Nov 2023 - 10 Nov 2023
0.72%
08 Nov 2023 - 09 Nov 2023
0.72%
07 Nov 2023 - 08 Nov 2023
0.72%
06 Nov 2023 - 07 Nov 2023
0.72%
05 Nov 2023 - 06 Nov 2023
0.72%
04 Nov 2023 - 05 Nov 2023
0.72%
03 Nov 2023 - 04 Nov 2023
0.72%
02 Nov 2023 - 03 Nov 2023
0.72%
01 Nov 2023 - 02 Nov 2023
0.72%
31 Oct 2023 - 01 Nov 2023
0.72%
30 Oct 2023 - 31 Oct 2023
0.72%
29 Oct 2023 - 30 Oct 2023
0.72%
28 Oct 2023 - 29 Oct 2023
0.72%
27 Oct 2023 - 28 Oct 2023
0.72%
26 Oct 2023 - 27 Oct 2023
0.72%
25 Oct 2023 - 26 Oct 2023
0.72%
24 Oct 2023 - 25 Oct 2023
0.72%
23 Oct 2023 - 24 Oct 2023
0.72%
22 Oct 2023 - 23 Oct 2023
0.72%
21 Oct 2023 - 22 Oct 2023
0.72%
20 Oct 2023 - 21 Oct 2023
0.72%
19 Oct 2023 - 20 Oct 2023
0.72%
18 Oct 2023 - 19 Oct 2023
0.72%
17 Oct 2023 - 18 Oct 2023
0.72%
16 Oct 2023 - 17 Oct 2023
0.72%
15 Oct 2023 - 16 Oct 2023
0.72%
14 Oct 2023 - 15 Oct 2023
0.72%
13 Oct 2023 - 14 Oct 2023
0.72%
12 Oct 2023 - 13 Oct 2023
0.72%
11 Oct 2023 - 12 Oct 2023
0.72%
10 Oct 2023 - 11 Oct 2023
0.72%
09 Oct 2023 - 10 Oct 2023
0.72%
08 Oct 2023 - 09 Oct 2023
0.72%
07 Oct 2023 - 08 Oct 2023
0.72%
06 Oct 2023 - 07 Oct 2023
0.72%
05 Oct 2023 - 06 Oct 2023
0.72%
04 Oct 2023 - 05 Oct 2023
0.72%
03 Oct 2023 - 04 Oct 2023
0.72%
02 Oct 2023 - 03 Oct 2023
0.72%
01 Oct 2023 - 02 Oct 2023
0.72%
30 Sep 2023 - 01 Oct 2023
0.72%
29 Sep 2023 - 30 Sep 2023
0.72%
28 Sep 2023 - 29 Sep 2023
0.72%
27 Sep 2023 - 28 Sep 2023
0.72%
26 Sep 2023 - 27 Sep 2023
0.72%
25 Sep 2023 - 26 Sep 2023
0.72%
24 Sep 2023 - 25 Sep 2023
0.72%
23 Sep 2023 - 24 Sep 2023
0.72%
22 Sep 2023 - 23 Sep 2023
0.72%
21 Sep 2023 - 22 Sep 2023
0.72%
20 Sep 2023 - 21 Sep 2023
0.72%
19 Sep 2023 - 20 Sep 2023
0.72%
18 Sep 2023 - 19 Sep 2023
0.72%
17 Sep 2023 - 18 Sep 2023
0.72%
16 Sep 2023 - 17 Sep 2023
0.72%
15 Sep 2023 - 16 Sep 2023
0.72%
14 Sep 2023 - 15 Sep 2023
0.72%
13 Sep 2023 - 14 Sep 2023
0.72%
12 Sep 2023 - 13 Sep 2023
0.72%
11 Sep 2023 - 12 Sep 2023
0.72%
10 Sep 2023 - 11 Sep 2023
0.72%
09 Sep 2023 - 10 Sep 2023
0.72%
08 Sep 2023 - 09 Sep 2023
0.72%
07 Sep 2023 - 08 Sep 2023
0.72%
06 Sep 2023 - 07 Sep 2023
0.72%
05 Sep 2023 - 06 Sep 2023
0.72%
04 Sep 2023 - 05 Sep 2023
0.72%
03 Sep 2023 - 04 Sep 2023
0.72%
02 Sep 2023 - 03 Sep 2023
0.72%
01 Sep 2023 - 02 Sep 2023
0.72%
31 Aug 2023 - 01 Sep 2023
0.72%
31 Jul 2023 - 31 Aug 2023
0.72%
30 Jun 2023 - 31 Jul 2023
0.72%
31 May 2023 - 30 Jun 2023
0.72%
30 Apr 2023 - 31 May 2023
0.72%
31 Mar 2023 - 30 Apr 2023
0.70%
28 Feb 2023 - 31 Mar 2023
0.70%
31 Jan 2023 - 28 Feb 2023
0.70%
31 Dec 2022 - 31 Jan 2023
0.64%
31 Dec 2022 - 31 Dec 2022
0.64%
31 Dec 2022 - 31 Dec 2022
0.64%
30 Nov 2022 - 31 Dec 2022
0.63%
30 Nov 2022 - 30 Nov 2022
0.63%
30 Nov 2022 - 30 Nov 2022
0.63%
31 Oct 2022 - 30 Nov 2022
0.63%
31 Oct 2022 - 31 Oct 2022
0.63%
31 Oct 2022 - 31 Oct 2022
0.63%
31 Oct 2022 - 31 Oct 2022
0.63%
30 Sep 2022 - 31 Oct 2022
0.62%
30 Sep 2022 - 30 Sep 2022
0.62%
30 Sep 2022 - 30 Sep 2022
0.62%
31 Aug 2022 - 30 Sep 2022
0.62%
31 Aug 2022 - 31 Aug 2022
0.62%
31 Jul 2022 - 31 Aug 2022
0.62%
31 Jul 2022 - 31 Jul 2022
0.62%
30 Jun 2022 - 31 Jul 2022
0.62%
30 Jun 2022 - 30 Jun 2022
0.62%
31 May 2022 - 30 Jun 2022
0.62%
31 May 2022 - 31 May 2022
0.62%
30 Apr 2022 - 31 May 2022
0.62%
30 Apr 2022 - 30 Apr 2022
0.62%
31 Mar 2022 - 30 Apr 2022
0.62%
31 Mar 2022 - 31 Mar 2022
0.62%
28 Feb 2022 - 31 Mar 2022
0.67%
28 Feb 2022 - 28 Feb 2022
0.67%
31 Jan 2022 - 28 Feb 2022
0.73%
31 Dec 2021 - 31 Jan 2022
0.73%
30 Nov 2021 - 31 Dec 2021
0.72%
31 Oct 2021 - 30 Nov 2021
0.72%
30 Sep 2021 - 31 Oct 2021
0.72%
31 Aug 2021 - 30 Sep 2021
0.72%
31 Jul 2021 - 31 Aug 2021
0.72%
30 Jun 2021 - 31 Jul 2021
0.72%
31 May 2021 - 30 Jun 2021
0.76%
30 Apr 2021 - 31 May 2021
0.85%
31 Mar 2021 - 30 Apr 2021
0.85%
28 Feb 2021 - 31 Mar 2021
0.85%
31 Jan 2021 - 28 Feb 2021
0.87%
31 Dec 2020 - 31 Jan 2021
0.86%
30 Nov 2020 - 31 Dec 2020
0.86%
31 Oct 2020 - 30 Nov 2020
0.86%
30 Sep 2020 - 31 Oct 2020
0.86%
31 Aug 2020 - 30 Sep 2020
0.74%
31 Jul 2020 - 31 Aug 2020
0.74%
30 Jun 2020 - 31 Jul 2020
0.74%
31 May 2020 - 30 Jun 2020
0.74%
30 Apr 2020 - 31 May 2020
0.66%
31 Mar 2020 - 30 Apr 2020
0.66%
29 Feb 2020 - 31 Mar 2020
0.67%
31 Jan 2020 - 29 Feb 2020
0.78%
31 Dec 2019 - 31 Jan 2020
0.78%
30 Nov 2019 - 31 Dec 2019
0.80%
31 Oct 2019 - 30 Nov 2019
0.80%
30 Sep 2019 - 31 Oct 2019
0.80%
31 Aug 2019 - 30 Sep 2019
0.86%
31 Jul 2019 - 31 Aug 2019
0.86%
30 Jun 2019 - 31 Jul 2019
0.86%
31 May 2019 - 30 Jun 2019
0.86%
30 Apr 2019 - 31 May 2019
0.86%
31 Mar 2019 - 30 Apr 2019
0.62%
28 Feb 2019 - 31 Mar 2019
0.62%
31 Jan 2019 - 28 Feb 2019
0.80%
31 Dec 2018 - 31 Jan 2019
0.77%
30 Nov 2018 - 31 Dec 2018
0.57%
31 Oct 2018 - 30 Nov 2018
0.63%
30 Sep 2018 - 31 Oct 2018
0.66%
31 Aug 2018 - 30 Sep 2018
0.67%
31 Jul 2018 - 31 Aug 2018
0.70%
30 Jun 2018 - 31 Jul 2018
0.70%
31 May 2018 - 30 Jun 2018
0.67%
30 Apr 2018 - 31 May 2018
0.69%
31 Mar 2018 - 30 Apr 2018
0.68%
28 Feb 2018 - 31 Mar 2018
0.82%
31 Jan 2018 - 28 Feb 2018
0.83%
31 Dec 2017 - 31 Jan 2018
0.83%
30 Nov 2017 - 31 Dec 2017
0.98%
31 Oct 2017 - 30 Nov 2017
0.84%
Expense ratio, exit load and taxExpense ratio: 0.72%Inclusive of GST
Exit loadFor units in excess of 10% of the investment,1% will be charged for redemption within 15 days.
Stamp duty0.005% (from July 1st, 2020)
Tax implicationReturns 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. 
Understand terms
Check past data
Minimum investment amountsMin. for 1st investment₹1,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹500
Fund managementRahul Pal
Jan 2017 - Present
View details
Education
Mr. Pal is a B.Com (H) and Chartered Accountant.
Experience
Prior to joining Mahindra Manulife Mutual Fund, he has worked with Taurus AMC, Sundaram Mutual Fund and IDBI Mutual Fund.
Also manages these schemes
Mahindra Manulife Liquid Fund Direct Growth
Mahindra Manulife Equity Savings Fund Direct Growth
Mahindra Manulife Low Duration Fund Direct Growth
Mahindra Manulife Dynamic Bond Fund Direct Growth
Mahindra Manulife Aggressive Hybrid Fund Direct Growth
Mahindra Manulife Overnight Fund Direct Growth
Mahindra Manulife Ultra Short Duration Fund Direct Growth
Mahindra Manulife Arbitrage Fund Direct Growth
Mahindra Manulife Short Duration Fund Direct Growth
Mahindra Manulife Balanced Advantage Fund Direct Growth
Manish Lodha
Dec 2020 - Present
View details
Education
Mr. Lodha is a Chartered Accountant and Company Secretary
Experience
Prior to joining MMIMPL, he was associated with Canara HSBC OBC Life Insurance Co Ltd, Kotak Mahindra Mutual Fund. In these roles, he was responsible for Portfolio Management, Equity Research. He has also held various positions in Finance function during his association with BOC India Ltd (Now Linde India Ltd.).
Also manages these schemes
Mahindra Manulife ELSS Tax Saver Fund Direct Growth
Mahindra Manulife Equity Savings Fund Direct Growth
Mahindra Manulife Multi Cap Fund Direct Growth
Mahindra Manulife Mid Cap Fund Direct Growth
Mahindra Manulife Aggressive Hybrid Fund Direct Growth
Mahindra Manulife Large & Mid Cap Fund Direct Growth
Mahindra Manulife Arbitrage Fund Direct Growth
Mahindra Manulife Flexi Cap Fund Direct Growth
Mahindra Manulife Balanced Advantage Fund Direct Growth
Mahindra Manulife Small Cap Fund Direct Growth
Kush Sonigara
Jul 2023 - Present
View details
Education
Mr. Sonigara is a B.Com (FM), FRM
Experience
Prior to joining MMIMPL, he has worked with Taurus Asset Management Co. Ltd., My Capital Solutions Pvt. Ltd. and TBNG Financial Consultants.
Also manages these schemes
Mahindra Manulife Equity Savings Fund Direct Growth
Mahindra Manulife Short Duration Fund Direct Growth
Mahindra Manulife Asia Pacific REITs FoF Direct Growth
Mahindra Manulife Business Cycle Fund Direct Growth
Renjith Sivaram
Jul 2023 - Present
View details
Also manages these schemes
Mahindra Manulife Equity Savings Fund Direct Growth
Mahindra Manulife Business Cycle Fund Direct Growth
Fund house & investment objective
Mahindra Mutual Fund
Rank (total assets)#28 in India
Total AUM₹4,742.00Cr
Date of Incorporation04 Feb 2016
 Mahindra Manulife Equity Savings Fund Direct IDCW is a Hybrid Mutual Fund Scheme launched by Mahindra Mutual Fund. This scheme was made available to investors on 04 Feb 2016. Rahul Pal, Ratish Varier is the Current Fund Manager of Mahindra Manulife Equity Savings Fund Direct IDCW fund. The fund currently has an Asset Under Management(AUM) of ₹4,742 Cr and the Latest NAV as of 29 Nov 2023 is ₹15.76.
The Mahindra Manulife Equity Savings Fund Direct IDCW is rated Moderately High risk. Minimum SIP Investment is set to ₹500. Minimum Lumpsum Investment is ₹1,000. For units in excess of 10% of the investment,1% will be charged for redemption within 15 days.
;
Investment ObjectiveThe 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.
;
Fund benchmarkNIFTY Equity Savings Total Return Index
Scheme Information Document(SID)
Fund house contact details
Address
1st Floor, Sadhana House, Behind Mahindra Tower, 570 P. B. Marg, Worli, Mumbai 400018
Phone
022-66327900
Launch Date
04 Feb 2016
E-mail
[email protected]
Website
www.mahindramutualfund.com
Mahindra Mutual Fund
Asset Management Company
Custodian
Deutsche Bank
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
Email
[email protected]
Website
www.camsonline.com
Compare funds
Mahindra Manulife Equity Savings Fund Direct IDCW
VS
Add mutual fund to compare

	1Y	3Y	5Y	All
Fund returns	11.4%	13.3%	12.3%	10.7%
Category average	9.5%	9.5%	8.3%	NA
Rank with in category	7	2	1	NA

Name	Sector	Instrument	Assets
Ambuja Cements Ltd.	Construction	Equity	5.8%
Bajaj Finance Ltd.	Financial	Equity	4.1%
GOI	Sovereign	GOI Sec	4.0%
HDFC Bank Ltd.	Financial	Equity	3.5%
ITC Ltd.	Consumer Staples	Equity	3.3%
ICICI Bank Ltd.	Financial	Equity	3.0%
Reliance Industries Ltd.	Energy	Equity	2.8%
Reserve Bank of India	Financial	T-Bills	2.5%
Small Industries Devp. Bank of India Ltd.	Financial	Debenture	2.5%
Reserve Bank of India	Financial	T-Bills	2.5%

Rank (total assets)	#28 in India
Total AUM	₹4,742.00Cr

Date of Incorporation	04 Feb 2016

Fund benchmark	NIFTY Equity Savings Total Return Index

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Sarjapur Main Road, Bellandur
Bengaluru – 560103
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Min. for 1st investment	₹1,000
Min. for 2nd investment onwards	₹1,000

Rating	3
Fund size	₹394.71Cr

Mahindra Manulife Equity Savings Fund Direct IDCW

Return calculator

Understand terms

Annualised returns

Absolute returns

Returns and rankings

Holdings (71)

Understand terms

Expense ratio

Tax

Exit load

Stamp duty

Past expense ratio & exit load

Expense ratio, exit load and tax

Expense ratio: 0.72%

Exit load

Stamp duty

Tax implication

Minimum investment amounts

Fund management

Rahul PalJan 2017 - PresentView details

Manish LodhaDec 2020 - PresentView details

Kush SonigaraJul 2023 - PresentView details

Renjith SivaramJul 2023 - PresentView details

Fund house & investment objective

Fund house contact details

Compare funds

Rahul Pal
Jan 2017 - Present
View details

Manish Lodha
Dec 2020 - Present
View details

Kush Sonigara
Jul 2023 - Present
View details

Renjith Sivaram
Jul 2023 - Present
View details