Mahindra Manulife Equity Savings Fund Direct Growth

Mahindra Manulife Equity Savings Fund Direct Growth

Hybrid

Direct

Equity Savings

NAV as on 11-12-2024

₹ 23.19

-0.1%

1D

Inception Returns

11.2%

/yr

About Mahindra Manulife Equity Savings Fund Direct Growth

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.

Key Parameters

  1. Mahindra Manulife Equity Savings Fund Direct Growth has ₹580 Cr worth of assets under management (AUM) as on Oct 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 11.23% 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.

Holdings

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.

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.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
71 people have invested ₹ 3.1L in Mahindra Manulife Equity Savings Fund Direct Growth in the last three months

Mahindra Manulife Equity Savings Fund Direct Growth Overview

Expense ratio0.69%
Benchmark
NIFTY Equity Savings TR INR
AUM₹580 Cr
Inception Date1 February, 2017
Min Lumpsum/SIP₹1000/₹500
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
418.69%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Moderate Risk

Trailing Returns

as on (11-Dec-24)

Period
Mahindra Manulife Equity Savings Fund Direct Growth
Equity Savings Index
1M
1.4%
1.4%
3M
0.7%
1%
6M
5.4%
5.3%
1Y
13.4%
13.1%
3Y
10.6%
9.4%
5Y
13.4%
10.4%

Fund Distribution

as on (31-Oct-24)

  • Equity 31%

  • Debt & Cash 69%

Large cap
54.2%

Small cap
7%

Mid cap
4.9%

Sector Allocation

Oct'24

Sep'24

Aug'24

Financial Services
27%
Basic Materials
17.8%
Consumer Defensive
9.8%
Industrial
9.4%
Tech
9.3%
Consumer Cyclical
8.5%
Energy
8.2%
Health
5.7%
Utilities
4.2%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 571.8 Cr
₹ 564.1 Cr
₹ 543.6 Cr
  • AUM of the fund stands at 571.8 Cr as of Oct'24
  • AUM increased by 7.7 Cr between Oct'24 and Sep'24

Top 3 Sectors in October were Financial Services, Corporate & Basic Materials

Oct'24
Financial Services
27%
Government
18%
Corporate
18%
Sep'24
Financial Services
27%
Corporate
23%
Basic Materials
20%
Fund
Oct'24
Sep'24
Aug'24
No of Holdings
113
105
106
Top 5 Company Concentration
19.5%
19.7%
19.5%
Company having highest exposure
Ambuja Cements Ltd (5.5%)
Ambuja Cements Ltd (6.1%)
Ambuja Cements Ltd (6.1%)
No of Sectors
12
12
13
Top 5 Sectors Concentration
91.2%
91.2%
92.1%
Sector having highest exposure
Financial Services (27%)
Financial Services (26.5%)
Financial Services (25.9%)
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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
Fund House
Mahindra Manulife Investment Management Pvt. Ltd.
Total AUM
₹30.15K Cr
as on 31-Oct-2024
Address
1st Floor, Sadhana House, Behind Mahindra Tower,570 P. B. Marg, Worli, Mumbai 400018
Phone
022-66327900
Website
mfinvestors@mahindra.com

Mutual Fund Insights

Insights icon
In the last 3 years, HSBC Equity Savings Direct Plan Growth Plan has given 15.04% return, outperforming this fund by 4.48% per annum.
Insights icon
Over the last 6 months, this fund has experienced a 18.0% growth in AUM moving from 491.46 Cr to 580.13 Cr.
Insights icon
In the last 1 year, HSBC Equity Savings Direct Plan Growth Plan has given 26.59% return, outperforming this fund by 13.17%.
Insights icon
In the last 5 years, HSBC Equity Savings Direct Plan Growth Plan has given 15.07% return, outperforming this fund by 1.64% per annum.
Insights icon
This fund has one of the lowest expense ratio in the category (equity savings). Its expense ratio is 0.69% which is lower than the category average expense ratio of 1.07%.

Mahindra Manulife Equity Savings Fund Direct Growth Highlights

Risk meter
pointer

Moderate Risk

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

About the fund

This fund has delivered an average annual returns of 11.23% since inception which is more than its category average return of 8.52%
Fund Allocations

Fund Allocations

This fund has an allocation of 30.96% in Equity, 29.2% in Debt and 39.84% in Cash related instruments
AUM size ₹580 Cr

AUM size ₹580 Cr

This fund has AUM of ₹580 Cr which is less than its category average of ₹ 1712 Cr
Expense Ratio 0.69%

Expense Ratio 0.69%

This fund has an expense ratio of 0.69% which is less than its category average expense ratio of 1.14%

Frequently Asked Questions for Mahindra Manulife Equity Savings Fund Direct Growth

The current NAV of Mahindra Manulife Equity Savings Fund Direct Growth is ₹23.19 as on 11-Dec-2024.
Existing (Absolute + CAGR) as on 11-Dec-2024.
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%
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.
0.69% as on November 2024
₹580 Cr as on November 2024
Ambuja Cements Ltd(4.95%), HDFC Bank Ltd(4.42%), ICICI Bank Ltd(3.23%), Reliance Industries Ltd(3.19%), 7.32% Govt Stock 2030(3.19%) as on November 2024
Cash Equivalent(39.84%), Government(13.88%), Corporate(12.61%) as on November 2024
AAA
68.78
AA
31.22
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%