Fund Details
Mahindra Manulife Equity Savings Dhan Sanchay Yojana Regular Dividend
| Risk | High |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 2.43% |
| NAV | ₹12.87 (21 Jan 2021) |
|---|---|
| Fund Started | 01 Feb 2017 |
| Fund Size | ₹206 Cr |
Returns
Comparison
1. 1Y Returns are higher than the category average returns
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
3. Risk is higher compared to the benchmark
4. Higher expense ratio
5. 1Y Returns are lower than the benchmark
6. 3Y Returns are lower than the benchmark
7. Asset under management(AUM) is less than 200 Crs. Watch expense ratio when AUM is very low
8. Higher expense ratio - 2.45%
9. 3Y Returns are lower than the category average returns
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 7.8% |
| Reliance Industries Ltd. | Energy | Equity | 7.6% |
| Infosys Ltd. | Technology | Equity | 5.3% |
| ICICI Bank Ltd. | Financial | Equity | 5.2% |
| State Bank of India | Financial | Equity | 4.7% |
| HDFC Bank Ltd. | Financial | Equity | 3.8% |
| ITC Ltd. | FMCG | Equity | 3.0% |
| Hindustan Unilever Ltd. | FMCG | Equity | 2.9% |
| Tata Consultancy Services Ltd. | Technology | Equity | 2.8% |
| GOI | Sovereign | GOI Sec | 2.7% |
Fund Managers
Mahindra Manulife Equity Savings Dhan Sanchay Yojana Regular Dividend Details
Mahindra Manulife Equity Savings Dhan Sanchay Yojana Regular 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 Regular Dividend fund.The fund currently has an Asset Under Management(AUM) of ₹206 Cr and the Latest NAV as of 21 Jan 2021 is ₹12.87.
The Mahindra Manulife Equity Savings Dhan Sanchay Yojana Regular 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
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.
