Fund Details
Mahindra Manulife ELSS Kar Bachat Yojana Regular Growth
| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 2.42% |
| NAV | ₹14.18 (14 Jan 2021) |
|---|---|
| Fund Started | 18 Oct 2016 |
| Fund Size | ₹326 Cr |
Returns
Comparison
1. Risk is lower compared to the benchmark
2. Exit load is zero
1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
2. Risk-adjusted returns are lower compared to the category
3. Higher expense ratio
4. 1Y Returns are lower than the benchmark
5. 3Y Returns are lower than the benchmark
6. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
7. Risk-adjusted returns are lower compared to the category
8. Higher expense ratio - 2.42%
9. 1Y Returns are lower than the category average returns
10. 3Y Returns are lower than the category average returns
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Infosys Ltd. | Technology | Equity | 7.5% |
| Reliance Industries Ltd. | Energy | Equity | 6.9% |
| HDFC Bank Ltd. | Financial | Equity | 6.4% |
| ICICI Bank Ltd. | Financial | Equity | 5.8% |
| Tata Consultancy Services Ltd. | Technology | Equity | 4.1% |
| Hindustan Unilever Ltd. | FMCG | Equity | 3.9% |
| Bharti Airtel Ltd. | Communication | Equity | 3.1% |
| Maruti Suzuki India Ltd. | Automobile | Equity | 2.9% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 2.8% |
| HCL Technologies Ltd. | Technology | Equity | 2.5% |
Fund Managers
Mahindra Manulife ELSS Kar Bachat Yojana Regular Growth Details
Mahindra Manulife ELSS Kar Bachat Yojana Regular Growth 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 Growth fund.The fund currently has an Asset Under Management(AUM) of ₹326 Cr and the Latest NAV as of 14 Jan 2021 is ₹14.18.
The Mahindra Manulife ELSS Kar Bachat Yojana Regular Growth is rated Moderately 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%.
