Fund Details
Mahindra Manulife Focused Equity Yojana Direct Growth
| Risk | Very High |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 0.42% |
| NAV | ₹12.12 (24 Feb 2021) |
|---|---|
| Fund Started | 17 Nov 2020 |
| Fund Size | ₹219 Cr |
Comparison
1. Lower expense ratio - 0.41%
1. Age is less than 5 years
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| ICICI Bank Ltd. | Financial | Equity | 9.0% |
| Infosys Ltd. | Technology | Equity | 8.6% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 7.1% |
| Reliance Industries Ltd. | Energy | Equity | 6.8% |
| Bharti Airtel Ltd. | Communication | Equity | 5.5% |
| Hindustan Unilever Ltd. | FMCG | Equity | 3.7% |
| Grasim Industries Ltd. | Construction | Equity | 3.7% |
| Nestle India Ltd. | FMCG | Equity | 2.8% |
| Tata Consultancy Services Ltd. | Technology | Equity | 2.8% |
| Max Financial Services Ltd. | Financial | Equity | 2.6% |
Fund Managers
Mahindra Manulife Focused Equity Yojana Direct Growth Details
Mahindra Manulife Focused Equity Yojana Direct Growth is a Equity Mutual Fund Scheme launched by Mahindra Mutual Fund. This scheme was made available to investors on 17 Nov 2020. Krishna Sanghvi is the Current Fund Manager of Mahindra Manulife Focused Equity Yojana Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹219 Cr and the Latest NAV as of 24 Feb 2021 is ₹12.12.
The Mahindra Manulife Focused Equity Yojana Direct Growth is rated Very High risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 1000. Exit load of 1% if redeemed within 1 year.
Investment Objective
The scheme seeks to generate long term capital appreciation by investing in a concentrated portfolio of equity & equity related instruments of maximum 30 companies across market capitalisation.
Tax Implications
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.
