Mahindra Manulife ELSS Kar Bachat Yojana Direct Plan Growth
Mahindra Manulife ELSS Kar Bachat Yojana Direct Plan Growth

Mahindra Manulife ELSS Kar Bachat Yojana Direct Plan Growth

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Equity
Direct
Elss (Tax Savings)

NAV: ₹ 22.3 as on 08-12-2022

Fund Performance
zero opening, trading, fund transfer fee
195 people have invested ₹ 9.1L in mutual fund in the last three months

INDmoney Rank

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Pros
3Y returns in the top 25% of the category
Beats FD returns for both 3Y & 5Y duration
Cons
No bad points found for this fund.

Fund Performance

Return
1M
3M
6M
1Y
3Y
5Y
This Fund
2.6%
2.9%
16%
8.7%
21.4%
12.1%
Benchmark
2.7%
14.2%
5.2%
17.9%
11.5%
11.8%
Category
-1.8%
2.4%
13.4%
13%
8.5%
7.5%
About the Fund

Mahindra Manulife ELSS Kar Bachat Yojana Direct Plan Growth is an equity fund. This fund was started on  18 October, 2016. The fund is managed by Manish Lodha, Fatema Pacha. The fund could potentially beat inflation in the long-run.

Key parameters

1) Mahindra Manulife ELSS Kar Bachat Yojana Direct Plan Growth has a NAV of 22.2986 as on 08-12-2022.

2) Mahindra Manulife ELSS Kar Bachat Yojana Direct Plan Growth has 534 Cr worth of assets under management (AUM) as on 31-10-2022 and is less than category average.

3) The fund has an expense ratio 0.72 %.

Fund Overview

Expense ratio
Expense ratio
0.72%
Benchmark
Benchmark
S&P BSE 200 India TR INR
AUM
AUM
₹534 Cr
Inception Date
Inception Date
18 October, 2016
Min Lumpsum/SIP
Min Lumpsum/SIP
₹500/₹500
Exit Load
Exit Load
0%
Lock In
Lock In
3 Years
TurnOver
TurnOver
84.64%

Fund Distribution

  • Equity 96.9%
  • Debt & Cash 3.1%
Size breakup
Large cap
70%
Mid cap
15.5%
Small cap
11.4%

Sector Allocation

Oct'22

Sep'22

Aug'22

Financial Services

34.7%

Tech

14.5%

Industrial

12.8%

Consumer Cyclical

10.9%

Basic Materials

7.4%

Energy

5.7%

Consumer Defensive

5.3%

Health

4%

Real Estate

3%

Utilities

1.7%

Top Holdings

  • All
  • Equity
Total Holdings46
Equity Holdings46

What changed

in last one month
  • Scheme
  • Portfolio
AUM increased by 23 Cr in last 1M
Oct'22 return underperformed benchmark

Change in AUM

Oct'22
₹ 517.4 Cr
Sep'22
₹ 494.4 Cr
Aug'22
₹ 506.7 Cr

Fund Returns vs Benchmark

Oct'22
3.86%
5.37%
Sep'22
-3.17%
-2.51%
Aug'22
3.79%
3.22%
Fund Return
Benchmark Return

Concentration Analysis

Fund
Oct'22
Oct'22
Aug'22
No of Holdings
50
53
52
Top 5 Company Concentration
35.7%
33.2%
34.1%
Company having highest exposure
HDFC Bank Ltd (9.1%)
HDFC Bank Ltd (9%)
HDFC Bank Ltd (9.2%)
No of Sectors
11
11
12
Top 5 Sectors Concentration
77.8%
77.2%
73.1%
Sector having highest exposure
Financial Services (33.6%)
Financial Services (33.2%)
Financial Services (31.3%)

Fund Manager

Manish Lodha

Manish Lodha

Managing this fund since 21 December 2020

Top funds managed

Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Mahindra Manulife Mid Cap Unnati Yojana Direct Growth
25.42%
24.32%
Mahindra Manulife Multi Cap Badhat Yojana Direct Plan Growth
25.54%
21.27%
Mahindra Manulife Top 250 Nivesh Yojana Direct Growth
0%
19.28%
Fatema Pacha

Fatema Pacha

Managing this fund since 16 October 2020

Top funds managed

Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Mahindra Manulife Hybrid Equity Nivesh Yojana Direct Growth
20.68%
15.45%
Mahindra Manulife ELSS Kar Bachat Yojana Direct Plan Growth
21.16%
17.88%
Mahindra Manulife Multi Cap Badhat Yojana Direct Plan Growth
25.54%
21.27%

AMC details

Address
1st Floor, Sadhana House, Behind Mahindra Tower,570 P. B. Marg, Worli, Mumbai 400018
Phone
022-66327900
Fund House
Mahindra Manulife Investment Management Pvt. Ltd.

Fund Highlights

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pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 13.9% since inception which is more than its category average return of 13.76%
Fund Allocations

Fund Allocations

This fund has an allocation of 96.9% in Equity, 0% in Debt and 3.1% in Cash related instruments
AUM size ₹534 Cr

AUM size ₹534 Cr

This fund has AUM of ₹534 Cr which is less than its category average of ₹ 2710 Cr
Expense Ratio 0.72%

Expense Ratio 0.72%

This fund has an expense ratio of 0.72% which is less than its category average expense ratio of 1.59%

Frequently Asked Questions

The current NAV of Mahindra Manulife ELSS Kar Bachat Yojana Direct Plan Growth is 22.35.
Existing (Absolute + CAGR)
Mahindra Manulife ELSS Kar Bachat Yojana Direct Plan Growth
Absolute Returns
CAGR Returns
1 Month Returns
3.44%
3.44%
6 Month Returns
14.34%
14.34%
1 Year Returns
10.38%
10.38%
3 Years Returns
78.02%
21.2%
5 Years Returns
79.04%
12.35%
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0.74 as on November 2022
517 Cr as on November 2022
HDFC Bank Ltd(9.08%),Infosys Ltd(8.52%),ICICI Bank Ltd(8.29%),Reliance Industries Ltd(5.48%),Axis Bank Ltd(4.37%) as on November 2022
Financial Services(33.63%),Tech(14.07%),Industrial(12.41%) as on November 2022
The alpha ratio for the Mahindra Manulife ELSS Kar Bachat Yojana Direct Plan Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Mahindra Manulife ELSS Kar Bachat Yojana Direct Plan Growth
0.51
2.25
-0.49
As on month end.
The alpha for Mahindra Manulife ELSS Kar Bachat Yojana Direct Plan Growth is calculated against S&P BSE 200 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Mahindra Manulife ELSS Kar Bachat Yojana Direct Plan Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Mahindra Manulife ELSS Kar Bachat Yojana Direct Plan Growth
1
0.94
0.94
As on month end.
The Beta for Mahindra Manulife ELSS Kar Bachat Yojana Direct Plan Growth is calculated with S&P BSE 200 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Mahindra Manulife ELSS Kar Bachat Yojana Direct Plan Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Mahindra Manulife ELSS Kar Bachat Yojana Direct Plan Growth
0.43
0.8
0.44
As on month end.
The sharpe ratio for Mahindra Manulife ELSS Kar Bachat Yojana Direct Plan Growth is calculated with S&P BSE 200 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Mahindra Manulife ELSS Kar Bachat Yojana Direct Plan Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Mahindra Manulife ELSS Kar Bachat Yojana Direct Plan Growth
16.05
21.64
18.94
As on month end.
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
1.17
0.55
Fatema Pacha,Manish Lodha are the fund managers of Mahindra Manulife ELSS Kar Bachat Yojana Direct Plan Growth
The Exit load of Mahindra Manulife ELSS Kar Bachat Yojana Direct Plan Growth is 0%

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Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not indicative of future returns.