|Min SIP Amount||₹500|
|NAV||₹13.81 (09 Apr 2021)|
|Fund Started||01 Feb 2017|
|Fund Size||₹225 Cr|
|Reliance Industries Ltd.||Energy||Equity||7.6%|
|Housing Development Finance Corpn. Ltd.||Financial||Equity||7.1%|
|State Bank of India||Financial||Equity||6.2%|
|ICICI Bank Ltd.||Financial||Equity||5.4%|
|HDFC Bank Ltd.||Financial||Equity||4.9%|
|National Bank For Agriculture & Rural Development||Financial||Debenture||2.5%|
|Coastal Gujarat Power Ltd.||Engineering||NCD||2.5%|
|Tata Consultancy Services Ltd.||Technology||Equity||2.5%|
Mahindra Manulife Equity Savings Dhan Sanchay Yojana Direct IDCW 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 IDCW fund.The fund currently has an Asset Under Management(AUM) of ₹225 Cr and the Latest NAV as of 09 Apr 2021 is ₹13.81.
The Mahindra Manulife Equity Savings Dhan Sanchay Yojana Direct IDCW 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.