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Mahindra Manulife ELSS Kar Bachat Yojana Regular IDCW+0.45%

61.62%
1 Year Return
Equity
ELSS
2.0star
6M
1Y
3Y
All

Fund Details

Mahindra Manulife ELSS Kar Bachat Yojana Regular IDCW

RiskVery High
Min SIP Amount₹500
Expense Ratio2.40%
NAV₹12.83 (16 Apr 2021)
Fund Started18 Oct 2016
Fund Size347 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Fund Returns
61.6%
8.0%
-
8.2%
Category Average
59.4%
8.8%
13.3%
-
Rank Within Category
15
18
-
-
*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 61.6% returns per annum

Comparison

Data not available
Pros
1. Exit load is zero
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%
3. 3Y Returns are lower than the category average returns

Top Holdings

NameSectorInstrument% Assets
Reliance Industries Ltd.EnergyEquity7.8%
Infosys Ltd.TechnologyEquity7.4%
ICICI Bank Ltd.FinancialEquity7.0%
HDFC Bank Ltd.FinancialEquity6.9%
Tata Consultancy Services Ltd.TechnologyEquity4.6%
Hindustan Unilever Ltd.FMCGEquity3.9%
Kotak Mahindra Bank Ltd.FinancialEquity3.0%
Maruti Suzuki India Ltd.AutomobileEquity2.8%
Larsen & Toubro Ltd.ConstructionEquity2.5%
State Bank of IndiaFinancialEquity2.1%
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 ₹347 Cr and the Latest NAV as of 16 Apr 2021 is ₹12.83.

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
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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