|Fund Type||Open Ended|
|Benchmark||NIFTY 200 TRI|
|Asset Size(Cr)||280.29 (As on Dec 31, 2018)|
|Fund Manager||V Balasubramanian|
|Min SIP Investment||0|
|Min Addl Investment||500|
|Period||Returns(%)||Benchmark Returns (%)|
- Returns for less than one year are Absolute, and those for more than one year are Annualised (CAGR).
- All the returns are calculated as against the performance of Nifty Free Float Midcap 100.
- The benchmark for the funds falling in small- and mid-cap category is Nifty Free Float Midcap 100.
|Fund Name||Ratings||1 Yr Rtn.||3 Yr Rtn.||5 Yr Rtn.|
|Mirae Asset Tax Saver Fund (G)||0.15%||20.64%||%|
|HDFC Long Term Advantage Fund (G)||-5.82%||16.88%||15.86%|
|Motilal Oswal Long Term Equity Fund (G)||-11.68%||16.24%||%|
|Aditya Birla Sun Life Tax Relief 96 (G)||-6.02%||14.55%||18.77%|
|L&T Tax Advantage Fund (G)||-13.14%||14.27%||15.72%|
|Period||Returns (%)||BSE 200 (%)|
|No. of Investment||Amount Invested||Investment Value As on date||Units Purchased||CAGR|
| No. of Investment
|| Amount Invested
|| Investment Value As on date
|| Units Purchased || CAGR
The graph depicts the wealth generated or the historical returns offered by the SIP investments made in the selected time horizon.
|Total Amount Invested||Investment Value As on Date||Total Units Purchased||Abs. Return|
| Total Amount Invested
|| Investment Value As on Date
|| Total Units Purchased || Abs. Return
The graph depicts the wealth generated or the historical returns offered by the lump sum investments made in the selected time horizon.
|Sector||Value(In Cr)||Allocation (%)|
|Holdings||Instrument||Industry||Rating||Market Value||% to NAV|
Income tax saving is a top priority for people, but one should select such instruments which help them to build wealth and achieve long-term goals through investment. With keeping such goals of investors in mind, Mahindra Mutual Fund has launched a tax savings scheme for investors to save taxes under Section 80C of the Income Tax Act, 1961, i.e., Mahindra Mutual Fund Kar Bachat Yojana. The fund invests 80-90% of its total corpus in equity and equity related securities across the market cap and the rest in debt as well as money market instruments.
Investors who exceeds the income limit of Rs 2.50 lakh should invest in Mahindra Kar Bachat ELSS Yojana, which offers them deduction up to Rs 1.50 Lakh. You can also take the benefit of SIP calculator and tax calculator of MySIPonline to calculate how much amount you should invest to get the most benefit from the fund. We have provided the most user-friendly tools and website so that investors investing in any scheme can get all the details regarding their mutual fund investments on the dashboard.
Mahindra Mutual Fund Kar Bachat Yojana is an open-ended ELSS plan with a statutory lock-in period of 3 years. The fund was launched on Oct 18, 2016, and currently, it is managing the assets of Rs 286 Cr, as on Oct 31, 2018, with an expense ratio of 2.48%. It has been investing its assets across the market cap to provide risk-adjusted returns in different market cycles to the investors. It has been investing 37% in giant companies, 32% in large-caps, 24% in mid-caps, and 7% in small-cap companies.
Investors who want to invest in the mutual fund scheme can start their investments with just Rs 500 through SIP on a monthly basis. Mr Ratish Varier had managed Mahindra Mutual Fund Kar Bachat Yojana- Growth Plan till Aug 2018, but now Mr V Balasubramanian has taken the helm. He has earlier worked with IDBI Mutual Fund and is a Chartered Accountant by profession.
Mahindra Kar Bachat Yojana- Regular Plan is offered by Mahindra AMC which is a part of diversified Mahindra Group. Its parent company Mahindra Finance has an extensive presence in many states and knows how to provide enough benefits to investors. Thus, to keep the investors happy, they bet in the companies with sound policies and growth. Some of its top strategies are discussed as under:
The fund mainly bets on the Tier-II and Tier-III towns and asks investors of such areas to invest in Mahindra Mutual Fund Kar Bachat Yojana through SIP. If you want to reward yourself by investing in the ELSS scheme of Mahindra Mutual Fund, then you can start it with MySIPonline. In case of any doubt regarding the fund, you can connect us via call or email.
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