|Min SIP Amount||₹500|
|NAV||₹15.06 (26 Jul 2021)|
|Fund Started||14 Mar 2019|
|Fund Size||₹123 Cr|
|ICICI Bank Ltd.||Financial||Equity||8.4%|
|Reliance Industries Ltd.||Energy||Equity||7.8%|
|State Bank of India||Financial||Equity||7.2%|
|HDFC Bank Ltd.||Financial||Equity||5.9%|
|Housing Development Finance Corpn. Ltd.||Financial||Equity||5.5%|
|Grasim Industries Ltd.||Construction||Equity||4.7%|
|Bharti Airtel Ltd.||Communication||Equity||3.9%|
|Tata Consultancy Services Ltd.||Technology||Equity||3.3%|
Mahindra Manulife Large Cap Pragati Yojana Direct Growth is a Equity Mutual Fund Scheme launched by Mahindra Mutual Fund. This scheme was made available to investors on 14 Mar 2019. V Balasubramanian is the Current Fund Manager of Mahindra Manulife Large Cap Pragati Yojana Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹123 Cr and the Latest NAV as of 26 Jul 2021 is ₹15.06.
The Mahindra Manulife Large Cap Pragati Yojana Direct Growth is rated Moderately High risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 1000. Exit load of 1% if redeemed within 1 year.
The Scheme seeks to provide long term capital appreciation & provide long-term growth opportunities by investing in a portfolio constituted of equity & equity related securities and derivatives predominantly in large cap companies.
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.