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Home>Mutual Funds>Mahindra Mutual Fund>Mahindra Manulife ELSS Kar Bachat Yojana Direct IDCW

Mahindra Manulife ELSS Kar Bachat Yojana Direct IDCW

Equity
ELSS
Very High Risk
3Y Lock In
19.71%
3Y annualised
-0.97% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 03 Dec 2021₹17.07
Min. SIP amount₹500
Rating3
Fund size₹424.37Cr

Returns and rankings

Category: Equity ELSS
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns46.9%19.7%15.1%14.7%
Category average54.9%14.2%14.3%NA
Rank with in category41628NA
Understand terms

Holdings (49)

NameSectorInstrumentAssets
FinancialEquity8.6%
TechnologyEquity8.0%
FinancialEquity7.9%
EnergyEquity7.2%
ConstructionEquity3.3%
FMCGEquity3.3%
FinancialEquity3.2%
FinancialEquity3.0%
TechnologyEquity2.5%
ConstructionEquity2.1%
See All

Pros and cons

Category: Equity ELSS

Pros

Consistently higher annualised returns than category average for the past 1Y, 3Y and 5Y
Higher alpha: 1.9 The fund has generated returns higher than benchmark - NIFTY 200 TRI - in the last 3Y
Exit load is zero
Lower expense ratio: 0.73%
1Y category rank: 3

Cons

Lower AUM: 424Cr. Funds with lower AUM tend to have higher expense ratio
Lock-in period: 3Y

Expense ratio, exit load and tax

Expense ratio: 0.73%

Inclusive of GST

Exit load

Nil

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

Upto Rs. 1.5 lac will be tax free under 80C. Lockin of 3 years. Returns will be taxed at 10%.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investment₹500
Min. for 2nd investment onwards₹500
Min. for SIP₹500

Fund management

Fatema Pacha
Oct 2020 - Present
View details
Manish Lodha
Dec 2020 - Present
View details

Fund house & investment objective

Fund house contact details

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