Mahindra Manulife Equity Savings Fund Direct Growth

Hybrid
Direct
Equity Savings
Mahindra Manulife Equity Savings Fund Direct Growth

About the Fund

Mahindra Manulife Equity Savings Fund Direct Growth is a hybrid fund. This fund was started on 1 February, 2017. The fund is managed by Kush Sonigara, Rahul Pal, Manish Lodha. This fund gives you the benefit of diversification.

Key Parameters

  1. Mahindra Manulife Equity Savings Fund Direct Growth has ₹491 Cr worth of assets under management (AUM) as on Jun 2024 and is less than category average.
  2. The fund has an expense ratio 0.7.

Returns

Mahindra Manulife Equity Savings Fund Direct Growth has given a CAGR return of 11.46% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 18.52%, 12.14% and 13.70% respectively.

Holdings

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

Taxation

As it is a equity savings 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).

Investment objective of Mahindra Manulife Equity Savings Fund Direct Growth

The Scheme seeks to generate long term capital appreciation and also income through investments in equity and equity related instruments, arbitrage opportunities 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 and lockin period

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

Fund Performance
zero opening, trading, fund transfer fee
70 people have invested ₹ 3.6L in Mahindra Manulife Equity Savings Fund Direct Growth in the last three months

Fund Overview

Expense ratio0.73%
Benchmark
NIFTY Equity Savings TR INR
AUM₹491 Cr
Inception Date1 February, 2017
Min Lumpsum/SIP₹1000/₹500
Exit Load
1%
Lock InNo Lock-in
TurnOver
353%
Risk
Risk meter
pointer
Moderately High risk

Fund Distribution
as on (30-Jun-24)

  • Equity 34.7%

  • Debt & Cash 65.3%

Large cap
60%

Mid cap
6.5%

Small cap
1.6%

Sector Allocation

Jun'24

May'24

Apr'24

Financial Services
27.1%
Basic Materials
21.2%
Industrial
9%
Consumer Defensive
8.9%
Tech
8.1%
Consumer Cyclical
7.6%
Energy
7.5%
Health
5.1%
Utilities
4.6%
Communication
0.8%
All changes are between Oct'69 and Dec'69

Kush Sonigara
Kush Sonigara
Fund Manager of Mahindra Manulife Equity Savings Fund Direct Growth, since 3 July 2023
Top funds managed
Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Mahindra Manulife Equity Savings Fund Direct Growth
12.25%
9.49%
Rahul Pal
Rahul Pal
Fund Manager of Mahindra Manulife Equity Savings Fund Direct Growth, since 1 February 2017
Manish Lodha
Manish Lodha
Fund Manager of Mahindra Manulife Equity Savings Fund Direct Growth, since 21 December 2020

Mutual Fund Insights

Insights icon
In the last 1 year, HSBC Equity Savings Direct Plan Growth Plan has given 24.3% return, outperforming this fund by 5.78%.
Insights icon
In the last 3 years, Sundaram Equity Savings - Direct Plan - Growth Option has given 13.83% return, outperforming this fund by 1.69% per annum.
Insights icon
In the last 5 years, Sundaram Equity Savings - Direct Plan - Growth Option has given 14.44% return, outperforming this fund by 0.74% per annum.
Insights icon
This fund has one of the lowest expense ratio in the category (equity savings). Its expense ratio is 0.73% which is lower than the category average expense ratio of 1.06%.

Mahindra Manulife Equity Savings Fund Direct Growth Highlights

Risk meter
pointer

Moderately High risk

Investors understand that their principal will be at Moderately High risk
About the fund

About the fund

This fund has delivered an average annual returns of 11.46% since inception which is more than its category average return of 8.41%
Fund Allocations

Fund Allocations

This fund has an allocation of 34.67% in Equity, 31.24% in Debt and 34.08% in Cash related instruments
AUM size ₹491 Cr

AUM size ₹491 Cr

This fund has AUM of ₹491 Cr which is less than its category average of ₹ 1388 Cr
Expense Ratio 0.73%

Expense Ratio 0.73%

This fund has an expense ratio of 0.73% which is less than its category average expense ratio of 1.14%

Frequently Asked Questions

The current NAV of Mahindra Manulife Equity Savings Fund Direct Growth is ₹22.57 as on 19-Jul-2024.
Existing (Absolute + CAGR) as on 19-Jul-2024.
Mahindra Manulife Equity Savings Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
1.85%
1.85%
6 Month Returns
7.99%
7.99%
1 Year Returns
18.52%
18.52%
3 Years Returns
41.03%
12.14%
5 Years Returns
90.02%
13.7%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.73% as on June 2024
₹491 Cr as on June 2024
Ambuja Cements Ltd(6.97%), Reliance Industries Ltd(3.78%), 7.32% Govt Stock 2030(3.61%), ICICI Bank Ltd(3.29%), HDFC Bank Ltd(3.14%) as on June 2024
Cash Equivalent(34.08%), Government(15.44%), Corporate(13.26%) as on June 2024
AAA
72.95
AA
27.05
Kush Sonigara, Rahul Pal, Manish Lodha are the fund managers of Mahindra Manulife Equity Savings Fund Direct Growth
The Exit load of Mahindra Manulife Equity Savings Fund Direct Growth is 1%