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Mahindra Manulife ELSS Kar Bachat Yojana Regular IDCW+0.11%

56.56%
1 Year Return
Equity
ELSS
3.0star
3Y Lock inlock
6M
1Y
3Y
All

Fund Details

Mahindra Manulife ELSS Kar Bachat Yojana Regular IDCW

RiskVery High
Min SIP Amount₹500
Expense Ratio2.40%
NAV₹14.79 (23 Jul 2021)
Fund Started18 Oct 2016
Fund Size384 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Fund Returns
56.6%
14.4%
-
8.2%
Category Average
54.9%
14.2%
14.3%
-
Rank Within Category
7
16
-
-
*All returns are annualized.
SIP
ONE TIME
Minimum SIP amount500
Amount Per Month₹5,000
Duration
1Y back
3Y back
Would have become
0
with 56.6% returns per annum

Comparison

Data not available
Pros
1. 3Y Returns are higher than the category average returns
2. Exit load is zero
3. 1Y Returns are higher than the category average returns
Cons
1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
2. Higher expense ratio - 2.4%

Top Holdings

NameSectorInstrument% Assets
Infosys Ltd.TechnologyEquity8.3%
Reliance Industries Ltd.EnergyEquity7.3%
HDFC Bank Ltd.FinancialEquity7.3%
ICICI Bank Ltd.FinancialEquity6.5%
Tata Consultancy Services Ltd.TechnologyEquity4.7%
Hindustan Unilever Ltd.FMCGEquity4.0%
Kotak Mahindra Bank Ltd.FinancialEquity3.8%
State Bank of IndiaFinancialEquity2.3%
Axis Bank Ltd.FinancialEquity2.1%
HCL Technologies Ltd.TechnologyEquity2.1%
See All

Fund Managers

Fatema Pacha
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Manish Lodha
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Mahindra Manulife ELSS Kar Bachat Yojana Regular IDCW Details

Mahindra Manulife ELSS Kar Bachat Yojana Regular IDCW is a Equity Mutual Fund Scheme launched by Mahindra Mutual Fund. This scheme was made available to investors on 18 Oct 2016. Ratish Varier is the Current Fund Manager of Mahindra Manulife ELSS Kar Bachat Yojana Regular IDCW fund.The fund currently has an Asset Under Management(AUM) of ₹384 Cr and the Latest NAV as of 23 Jul 2021 is ₹14.79.

The Mahindra Manulife ELSS Kar Bachat Yojana Regular IDCW is rated Very High risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 500.

Investment Objective

The Scheme seeks to generate long-term capital appreciation through a diversified portfolio of equity and equity related securities.

Tax Implications

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

Scheme Information Document(SID)

₹500
Min for First Investment
₹500
Min for Second Investment
Nil
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
Website
NA
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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