Fund Details
Mahindra Manulife Large Cap Pragati Yojana Direct Growth
| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 0.80% |
| NAV | ₹13.23 (20 Jan 2021) |
|---|---|
| Fund Started | 14 Mar 2019 |
| Fund Size | ₹100 Cr |
Returns
Comparison
1. Lower expense ratio - 0.68%
2. 1Y Returns are higher than the category average returns
1. Asset under management(AUM) is less than 100 Crs. Watch expense ratio when AUM is very low
2. Age is less than 5 years
3. Risk-adjusted returns are lower compared to the category
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| ICICI Bank Ltd. | Financial | Equity | 8.4% |
| Infosys Ltd. | Technology | Equity | 8.0% |
| Reliance Industries Ltd. | Energy | Equity | 7.0% |
| HDFC Bank Ltd. | Financial | Equity | 6.0% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 5.9% |
| Tata Consultancy Services Ltd. | Technology | Equity | 4.2% |
| Larsen & Toubro Ltd. | Construction | Equity | 4.1% |
| Ultratech Cement Ltd. | Construction | Equity | 4.0% |
| Indus Towers Ltd. | Communication | Equity | 3.4% |
| State Bank of India | Financial | Equity | 3.3% |
Fund Managers
Mahindra Manulife Large Cap Pragati Yojana Direct Growth Details
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 ₹100 Cr and the Latest NAV as of 20 Jan 2021 is ₹13.23.
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.
Investment Objective
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.
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.
