Mahindra Manulife Equity Savings Fund Direct Growth
Mahindra Manulife Equity Savings Fund Direct Growth

Mahindra Manulife Equity Savings Fund Direct Growth

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Hybrid
Direct
Equity Savings

NAV: ₹ 17.4 as on 24-03-2023

Fund Performance
zero opening, trading, fund transfer fee
46 people have invested ₹ 2.3L in mutual fund in the last three months

Fund Insights

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In the last 1 year, Kotak Equity Savings Fund Direct Growth has given 6.25% return, outperforming Mahindra Manulife Equity Savings Fund Direct Growth by 4.65%

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In the last 3 years, Mahindra Manulife Equity Savings Fund Direct Growth has outperformed all funds in its category

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In the last 5 years, Sundaram Equity Savings - Direct Plan - Growth Option has given 9.84% return, outperforming Mahindra Manulife Equity Savings Fund Direct Growth by 0.4% per annum

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Mahindra Manulife Equity Savings Fund Direct Growth has one of the lowest expense ratio in the category (equity savings). Its expense ratio is 0.7% which is lower than the category average expense ratio of 1.18%

Mahindra Manulife Equity Savings Fund Direct Growth Performance as on (24-Mar-23)

Return
1M
3M
6M
1Y
3Y
5Y
Mahindra Manulife Equity Savings Fund Direct Growth
-0.9%
-0.5%
-0.4%
1.6%
19.4%
9.4%
Equity Savings Index
-0.7%
-0.4%
0.4%
2.2%
14.1%
6.7%

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 Rahul Pal, Fatema Pacha, Manish Lodha, Alpha Negi. This fund gives you the benefit of diversification.

Key parameters

1) Mahindra Manulife Equity Savings Fund Direct Growth has a NAV of 17.413 as on 24-03-2023.

2) Mahindra Manulife Equity Savings Fund Direct Growth has 418 Cr worth of assets under management (AUM) as on 31-01-2023 and is less than category average.

3) The fund has an expense ratio 0.7 %.

Mahindra Manulife Equity Savings Fund Direct Growth Overview

Expense ratio
Expense ratio
0.7%
Benchmark
Benchmark
NIFTY Equity Savings TR INR
AUM
AUM
₹418 Cr
Inception Date
Inception Date
1 February, 2017
Min Lumpsum/SIP
Min Lumpsum/SIP
₹1000/₹500
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
382.46%

Fund Distribution as on (28-Feb-23)

  • Equity 38.3%

  • Debt & Cash 61.7%

Size breakup

Large cap
59.6%
Mid cap
6.9%
Small cap
1.5%

Sector Allocation

Feb'23

Jan'23

Dec'22

Financial Services

35.4%

Basic Materials

14.4%

Tech

11.7%

Consumer Cyclical

7.2%

Energy

6.9%

Industrial

6.1%

Utilities

5.3%

Consumer Defensive

4.9%

Health

4.6%

Communication

2.9%

Real Estate

0.7%

Top Holdings of Mahindra Manulife Equity Savings Fund Direct Growth as on (28-Feb-23)

  • Equity

Equity Holdings59

Mahindra Manulife Equity Savings Fund Direct Growth: Monthly Changes Updates

All changes are between Dec'22 and Feb'23

Fund Performance

Feb'23
Jan'23
Dec'22
Fund Returns
-0.61%
-1.18%
-1.13%
Equity Savings Index
-0.32%
-0.48%
-0.88%
  • This fund’s returns stands at -0.61% whereas the fund’s underlying benchmark Equity Savings Index returns stands at -0.32% as on Feb'23
  • This fund underperformed Equity Savings Index by 0.29% in Feb'23

AUM Change

Parameters
Feb'23
Jan'23
Dec'22
AUM
₹ 418.2 Cr
₹ 425.9 Cr
₹ 435.2 Cr
  • AUM of the fund stands at 418.2 Cr as of Feb'23
  • AUM decreased by 7.7 Cr between Feb'23 and Jan'23

Fund Portfolio Changes

Top Stocks bought last month
HDFC Bank Ltd's allocation increased from 0.89% to 2.59%
HDFC Bank Ltd's allocation increased from 0.89% to 2.59%
Tech Mahindra Ltd's allocation increased from 1.03% to 1.41%
Tech Mahindra Ltd's allocation increased from 1.03% to 1.41%
Infosys Ltd's allocation increased from 3.93% to 4.25%
Infosys Ltd's allocation increased from 3.93% to 4.25%
Top Stocks sold last month
Ambuja Cements Ltd's allocation decreased from 7.7 % to 6.02 %
Ambuja Cements Ltd's allocation decreased from 7.7 % to 6.02 %
Reliance Industries Ltd's allocation decreased from 3.8 % to 3.59 %
Reliance Industries Ltd's allocation decreased from 3.8 % to 3.59 %
ICICI Bank Ltd's allocation decreased from 4.57 % to 3.44 %
ICICI Bank Ltd's allocation decreased from 4.57 % to 3.44 %

Top 3 Sectors in February were Financial Services, Government & Basic Materials

Feb'23
Financial Services
35%
Government
26%
Basic Materials
14%
Jan'23
Financial Services
34%
Government
27%
Basic Materials
17%

Mahindra Manulife Equity Savings Fund Direct Growth Fund Manager

Rahul Pal

Rahul Pal

Fund Manager of Mahindra Manulife Equity Savings Fund Direct Growth, since 1 February 2017
Fatema Pacha

Fatema Pacha

Fund Manager of Mahindra Manulife Equity Savings Fund Direct Growth, since 16 October 2020
Manish Lodha

Manish Lodha

Fund Manager of Mahindra Manulife Equity Savings Fund Direct Growth, since 21 December 2020
Alpha Negi

Alpha Negi

Fund Manager of Mahindra Manulife Equity Savings Fund Direct Growth, since 6 February 2023

Top funds managed

Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Mahindra Manulife Equity Savings Fund Direct Growth
19.42%
14.13%

Fund 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 9.37% since inception which is more than its category average return of 7.02%
Fund Allocations

Fund Allocations

This fund has an allocation of 38.3% in Equity, 20.79% in Debt and 40.92% in Cash related instruments
AUM size ₹418 Cr

AUM size ₹418 Cr

This fund has AUM of ₹418 Cr which is less than its category average of ₹ 770 Cr
Expense Ratio 0.7%

Expense Ratio 0.7%

This fund has an expense ratio of 0.7% which is less than its category average expense ratio of 1.22%

Frequently Asked Questions

The current NAV of Mahindra Manulife Equity Savings Fund Direct Growth is 17.47 as on 23-Mar-2023.
Existing (Absolute + CAGR)
Mahindra Manulife Equity Savings Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
-0.68%
-0.68%
6 Month Returns
-0.73%
-0.73%
1 Year Returns
2.28%
2.28%
3 Years Returns
61.25%
17.26%
5 Years Returns
57.41%
9.5%
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.
0.7 as on February 2023
418 Cr as on February 2023
Ambuja Cements Ltd(5.23%),Reliance Industries Ltd(4.36%),Infosys Ltd(4.19%),HDFC Bank Ltd(4.18%),Bajaj Finance Ltd(3.55%) as on February 2023
Cash Equivalent(40.92%),Government(16.1%),Financial Services(13.57%) as on February 2023
AAA
86.39
AA
13.61
Rahul Pal,Manish Lodha,Fatema Pacha,Alpha Negi 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%