Mahindra Manulife Aggressive Hybrid Fund Direct Growth

Mahindra Manulife Aggressive Hybrid Fund Direct Growth is a hybrid fund. This fund was started on 23 July, 2019. The fund is managed by Rahul Pal, Manish Lodha, Fatema Pacha. This fund gives you the benefit of diversification.

1. Mahindra Manulife Aggressive Hybrid Fund Direct Growth has ₹1488 Cr worth of assets under management (AUM) as on Sep 2024 and is less than category average.
2. The fund has an expense ratio 0.5.
   

Mahindra Manulife Aggressive Hybrid Fund Direct Growth has given a CAGR return of 22.56% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 35.56%, 17.89% and 22.18% respectively.

Mahindra Manulife Aggressive Hybrid Fund Direct Growth has allocated its funds majorly in Government, Corporate, Financial Services, Consumer Cyclical, Industrial, Consumer Defensive, Cash Equivalent, Tech, Energy, Basic Materials, Health, Utilities, Communication.

As it is a aggressive allocation mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

The Scheme seeks to generate long term capital appreciation and also income through investments in equity and equity related instruments and investments in debt and money market instruments. However, there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.

Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 500.00. Mahindra Manulife Aggressive Hybrid Fund Direct Growth has no lock in period.