Mahindra Manulife Equity Savings Dhan Sanchay Yojana Direct Growth-0.18%

6.68%
1 Year Return
Hybrid
Arbitrage
2.0star
6M
1Y
3Y
All

Fund Details

Mahindra Manulife Equity Savings Dhan Sanchay Yojana Direct Growth

RiskModerately High
Min SIP Amount₹500
Expense Ratio0.86%
NAV13.09 (29 Oct 2020)
Fund Started01 Feb 2017
Fund Size197 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Mahindra Manulife Equity Savings Dhan Sanchay Yojana Direct Growth
6.7%
5.3%
NA
7.5%
Category Average
3.1%
3.4%
5.6%
-
Rank within category
5
7
NA
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    For how many years?
    1 Year
    3 Years
    Estimated Value
    as per Historical Returns
    0
    with 6.7% annual returns

    Comparison

    Data not available
    Pros
    1. Lower expense ratio - 0.86%
    2. 1Y Returns are higher than the category average returns
    3. 3Y Returns are higher than the category average returns
    Cons
    1. Asset under management(AUM) is less than 200 Crs. Watch expense ratio when AUM is very low
    2. Risk-adjusted returns are lower compared to the category

    Top Holdings

    NameSectorInstrument% Assets
    Reliance Industries Ltd.EnergyEquity8.3%
    Housing Development Finance Corpn. Ltd.FinancialEquity6.0%
    HDFC Bank Ltd.FinancialEquity4.3%
    Infosys Ltd.TechnologyEquity4.2%
    ICICI Bank Ltd.FinancialEquity3.6%
    State Bank of IndiaFinancialEquity3.5%
    GOISovereignGOI Sec2.8%
    National Bank For Agriculture & Rural DevelopmentFinancialDebenture2.8%
    GOISovereignGOI Sec2.7%
    Power Finance Corpn. Ltd.FinancialBonds2.7%
    See All

    Fund Managers

    addRahul Pal
    Education
    Mr. Pal is a B.Com (H) and Chartered Accountant.
    Experience
    Prior to joining Mahindra Mutual Fund, he has worked with Taurus AMC, Sundaram Mutual Fund and IDBI Mutual Fund.
    Funds Managed

    Mahindra Manulife Equity Savings Dhan Sanchay Yojana Direct Growth Details

    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

    Investment Objective

    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.

    Tax Implications

    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)

    ₹1000
    Min for First Investment
    ₹1000
    Min for Second Investment
    For units in excess of 10% of the investment,1% will be charged for redemption within 12 months
    Exit Load

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    About Mahindra Mutual Fund

    Address
    1st Floor, Sadhana House, Behind Mahindra Tower, 570 P. B. Marg, Worli, Mumbai 400018
    Phone
    022-66327900
    Launch Date
    04 Feb 2016
    Mahindra Mutual Fund
    Asset Management Company
    Custodian
    Deutsche Bank
    Registrar & Transfer Agent
    Cams
    Address
    7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
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