Fund Details
Mahindra Manulife ELSS Kar Bachat Yojana Regular Growth
| Risk | Very High |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 2.40% |
| NAV | ₹14.87 (16 Apr 2021) |
|---|---|
| Fund Started | 18 Oct 2016 |
| Fund Size | ₹347 Cr |
Returns
Comparison
1. Exit load is zero
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
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Reliance Industries Ltd. | Energy | Equity | 7.8% |
| Infosys Ltd. | Technology | Equity | 7.4% |
| ICICI Bank Ltd. | Financial | Equity | 7.0% |
| HDFC Bank Ltd. | Financial | Equity | 6.9% |
| Tata Consultancy Services Ltd. | Technology | Equity | 4.6% |
| Hindustan Unilever Ltd. | FMCG | Equity | 3.9% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 3.0% |
| Maruti Suzuki India Ltd. | Automobile | Equity | 2.8% |
| Larsen & Toubro Ltd. | Construction | Equity | 2.5% |
| State Bank of India | Financial | Equity | 2.1% |
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 ₹347 Cr and the Latest NAV as of 16 Apr 2021 is ₹14.87.
The Mahindra Manulife ELSS Kar Bachat Yojana Regular Growth 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%.
