Mahindra Manulife Equity Savings Fund Direct Growth
Hybrid
Direct
Equity Savings
NAV: ₹ 17.4 as on 24-03-2023
Fund Performance
46 people have invested ₹ 2.3L in mutual fund in the last three months
Fund Insights
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%
In the last 3 years, Mahindra Manulife Equity Savings Fund Direct Growth has outperformed all funds in its category
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
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)
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
 | 0.7% |
 Benchmark | NIFTY Equity Savings TR INR |
 | ₹418 Cr |
 | 1 February, 2017 |
 | ₹1000/₹500 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 382.46% |
Fund Distribution as on (28-Feb-23)
Size breakup
Large cap
59.6%
Mid cap
6.9%
Small cap
1.5%
Sector Allocation
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 Holdings59
Holdings | Weight% | Holdings Trend | 1M Change |
|---|---|---|---|
 Ambuja Cements Ltd | 5.23% | 0% | |
 Reliance Industries Ltd | 4.36% | 20.8% | |
 Infosys Ltd | 4.19% | 0% | |
 HDFC Bank Ltd | 4.18% | 58.8% | |
 Bajaj Finance Ltd | 3.55% | 0% |
See all
Mahindra Manulife Equity Savings Fund Direct Growth: Monthly Changes Updates
All changes are between Dec'22 and Feb'23
Fund Performance
- 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
- 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%
Tech Mahindra Ltd's allocation increased from 1.03% to 1.41%
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 %
Reliance Industries Ltd's allocation decreased from 3.8 % to 3.59 %
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%
Peer Analysis
Mahindra Manulife Equity Savings Fund Direct Growth Fund Manager
Rahul Pal
Fund Manager of Mahindra Manulife Equity Savings Fund Direct Growth, since 1 February 2017
Top funds managed
Fatema Pacha
Fund Manager of Mahindra Manulife Equity Savings Fund Direct Growth, since 16 October 2020
Top funds managed
Manish Lodha
Fund Manager of Mahindra Manulife Equity Savings Fund Direct Growth, since 21 December 2020
Top funds managed
Alpha Negi
Fund Manager of Mahindra Manulife Equity Savings Fund Direct Growth, since 6 February 2023
Top funds managed
Fund Highlights
Moderately High risk
Investors understand that their principal will be at Moderately High risk
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
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
This fund has AUM of ₹418 Cr which is less than its category average of ₹ 770 Cr
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%