|Min SIP Amount||₹500|
|NAV||₹13.09 (29 Oct 2020)|
|Fund Started||01 Feb 2017|
|Fund Size||₹197 Cr|
|Reliance Industries Ltd.||Energy||Equity||8.3%|
|Housing Development Finance Corpn. Ltd.||Financial||Equity||6.0%|
|HDFC Bank Ltd.||Financial||Equity||4.3%|
|ICICI Bank Ltd.||Financial||Equity||3.6%|
|State Bank of India||Financial||Equity||3.5%|
|National Bank For Agriculture & Rural Development||Financial||Debenture||2.8%|
|Power Finance Corpn. Ltd.||Financial||Bonds||2.7%|
Mahindra Manulife Equity Savings Dhan Sanchay Yojana Direct Growth 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 Growth fund.The fund currently has an Asset Under Management(AUM) of ₹197 Cr and the Latest NAV as of 29 Oct 2020 is ₹13.09.
The Mahindra Manulife Equity Savings Dhan Sanchay Yojana Direct Growth is rated Moderately 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.