|Min SIP Amount||₹500|
|NAV||₹11.89 (13 Aug 2020)|
|Fund Started||01 Feb 2017|
|Fund Size||₹202 Cr|
|Reliance Industries Ltd.||Energy||Equity||6.3%|
|Housing Development Finance Corpn. Ltd.||Financial||Equity||6.0%|
|HDFC Bank Ltd.||Financial||Equity||5.1%|
|ICICI Bank Ltd.||Financial||Equity||3.6%|
|Hindustan Unilever Ltd.||FMCG||Equity||3.4%|
|State Bank of India||Financial||Equity||3.4%|
|National Bank For Agriculture & Rural Development||Financial||Debenture||2.8%|
|Indian Railway Finance Corpn. Ltd.||Financial||Bonds||2.7%|
Mahindra Manulife Equity Savings Dhan Sanchay Yojana Regular 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 Regular Growth fund.The fund currently has an Asset Under Management(AUM) of ₹202 Cr and the Latest NAV as of 13 Aug 2020 is ₹11.89.
The Mahindra Manulife Equity Savings Dhan Sanchay Yojana Regular 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. However, there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.
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.