Mahindra Manulife ELSS Fund- Regular Plan - Growth

ELSS NAV 22.2650 0 27 September, 2023

Fund Details

Category ELSS
Fund Type Open Ended
Investment Plan Growth
Launch Date 05 October, 2016
Benchmark Nifty 500 TRI Index
Asset Size(Cr) 591.9245
Turn over 73%
Min Investment ₹ 500
Min SIP Investment ₹ 500
Min Addl Investment ₹ 500
Exit Load Nil
Expense Ratio 2.3
Fund Manager Fatema Pacha, Manish Lodha
Fund House Mahindra Mutual Fund

Investment Returns (As on 27 Sep, 2023)

Duration Returns Benchmark Category
1 W 1.46% 1.58% 1.68%
1 M 3.09% 4.02% 3.64%
3 M 1.87% 1.44% 1.64%
6 M 0.76% 0.35% -0.87%
1 Y 6.52% 7.25% 5.63%
2 Y 13.57% 12.49% 11.19%
3 Y 25.09% 23.79% 23.4%
5 Y 10.48% 12.46% 9.95%

Risk Mesasures (As on 27 Sep, 2023)

Std Dev Sharpe Beta Alpha
Fund 14.88 1.32 0.57 0.95
Benchmark 0 0 0 0
Returns Compare with Others
  • 1Y
  • 3Y
  • 5Y

Portfolio (As on 30 Jun, 2023)

Assets Allocation

Sector Holdings
Others 2.65%

Return Calculator

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Disclaimer: Above returns are calculated on the basis of historical NAV movement for the selected period. However, historical performance does not guarantee future returns. Investors must take investment decisions based on his/her own requirements.

Peer Comparison

Fund Name 1 Yr Rtn. 3 Yr Rtn. 5 Yr Rtn.
Mahindra Manulife ELSS Fund- Regular Plan - Growth 6.52% 25.09% 10.48%
Mirae Asset Tax Saver Fund-Regular Plan-Growth 4.15% 25.78% 13.78%
ICICI Prudential Long Term Equity Fund (Tax Saving) - Growth 4.36% 23.85% 10.74%
Axis Long Term Equity Fund - Regular Plan - Growth -3.59% 14.95% 8.43%
Aditya Birla Sun Life Tax Relief 96 - Growth Option -0.2% 12.35% 4.49%

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Mahindra Mutual Fund Kar Bachat Yojana: A Top Wealth Creation Plan

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 (G): Basic Details

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.

Strategies That Worked for Mahindra Kar Bachat Yojana (G)

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:

  1. Maintaining a diversified portfolio by not investing in a particular theme, so as to dilute risk and increase returns.
  2. Investing in the companies which have high future growth possibilities and available at fair prices.
  3. The fund invests in the companies which have robust business models, high risk-return ratios, and a sustainable competitive advantage.

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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