Hybrid
Direct
Equity Savings
NAV as on 11-12-2024
₹ 23.19
1D
Inception Returns
11.2%
/yr
Mahindra Manulife Equity Savings Fund Direct Growth is a hybrid fund. This fund was started on 1 February, 2017. The fund is managed by Rahul Pal, Manish Lodha. This fund gives you the benefit of diversification.
Mahindra Manulife Equity Savings Fund Direct Growth has given a CAGR return of 11.23% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 13.42%, 10.55% and 13.43% respectively.
Mahindra Manulife Equity Savings Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Government, Corporate, Basic Materials, Tech, Industrial, Consumer Cyclical, Consumer Defensive, Energy, Health, Securitize, Utilities, Communication.
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 benefitGains 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, 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 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.
Expense ratio | 0.69% |
Benchmark | NIFTY Equity Savings TR INR |
AUM | ₹580 Cr |
Inception Date | 1 February, 2017 |
Min Lumpsum/SIP | ₹1000/₹500 |
Exit Load | 1.0% |
Lock In | No Lock-in |
TurnOver | 418.69% |
STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
Risk | Moderate Risk |
as on (11-Dec-24)
as on (31-Oct-24)
Top 3 Sectors in October were Financial Services, Corporate & Basic Materials
Mahindra Manulife Equity Savings Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.38% | 1.38% |
6 Month Returns | 5.38% | 5.38% |
1 Year Returns | 13.42% | 13.42% |
3 Years Returns | 35.11% | 10.55% |
5 Years Returns | 87.76% | 13.43% |
AAA | 68.78 |
AA | 31.22 |