Mahindra Manulife Multi Asset Allocation Fund Direct Growth

Hybrid
Direct
Multi Asset Allocation
Mahindra Manulife Multi Asset Allocation Fund Direct Growth

About the Fund

Mahindra Manulife Multi Asset Allocation Fund Direct Growth is a hybrid fund. This fund was started on 13 March, 2024. The fund is managed by . This fund gives you the benefit of diversification.

Key Parameters

  1. Mahindra Manulife Multi Asset Allocation Fund Direct Growth has ₹310 Cr worth of assets under management (AUM) as on Jun 2024 and is less than category average.
  2. The fund has an expense ratio 0.4.

Returns

Mahindra Manulife Multi Asset Allocation Fund Direct Growth has given a CAGR return of 12.24% since inception.

Holdings

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

Taxation

As it is a multi asset allocation 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 Multi Asset Allocation Fund Direct Growth

The investment objective of the Scheme is to seek to generate long-term capital appreciation and income by investing in equity and equity related securities, debt & money market instruments, Gold/Silver ETFs and Exchange Traded Commodity Derivatives (ETCDs) as permitted by SEBI from time to time. However, there can be no assurance that the investment objective of the Scheme will be achieved.

Minimum Investment and lockin period

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

Fund Performance
zero opening, trading, fund transfer fee
244 people have invested ₹ 9.3L in Mahindra Manulife Multi Asset Allocation Fund Direct Growth in the last three months

Fund Overview

Expense ratio0.42%
Benchmark
null
AUM₹310 Cr
Inception Date13 March, 2024
Min Lumpsum/SIP₹1000/₹500
Exit Load
0.5%
Lock InNo Lock-in
TurnOver
0%
Risk
Risk meter
pointer
High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 44.5%

  • Debt & Cash 38.7%

Sector Allocation

May'24

Apr'24

Mar'24

Financial Services
22.1%
Industrial
14.8%
Basic Materials
12%
Consumer Cyclical
11.5%
Consumer Defensive
10.4%
Energy
9%
Utilities
7.2%
Tech
6.6%
Communication
3.3%
Health
3.1%

Mahindra Manulife Multi Asset Allocation Fund Direct Growth Highlights

Risk meter
pointer

High Risk

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

About the fund

This fund has delivered returns of 12.24% since inception (13nd Mar 2024)
Fund Allocations

Fund Allocations

This fund has an allocation of 44.55% in Equity, 31.94% in Debt and 6.72% in Cash related instruments
AUM size ₹310 Cr

AUM size ₹310 Cr

This fund has AUM of ₹310 Cr which is less than its category average of ₹ 3428 Cr
Expense Ratio 0.42%

Expense Ratio 0.42%

This fund has an expense ratio of 0.42% which is less than its category average expense ratio of 1.21%

Frequently Asked Questions

The current NAV of Mahindra Manulife Multi Asset Allocation Fund Direct Growth is ₹11.22 as on 12-Jul-2024.
Existing (Absolute + CAGR) as on 12-Jul-2024.
Mahindra Manulife Multi Asset Allocation Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
3.97%
3.97%
6 Month Returns
0%
0%
1 Year Returns
0%
0%
3 Years Returns
0%
0%
5 Years Returns
0%
0%
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.
0.42% as on June 2024
₹310 Cr as on June 2024
7.18% Govt Stock 2037(9.77%), ICICI Pru Gold ETF(9.12%), Nippon India Silver ETF(8%), 7.32% Govt Stock 2030(5.23%), Kotak Mahindra Investments Limited 8.3721%(3.25%) as on June 2024
Government(28.19%), Corporate(13.74%), Cash Equivalent(10.13%) as on June 2024
AAA
78.23
AA
21.77
The Exit load of Mahindra Manulife Multi Asset Allocation Fund Direct Growth is 0.5%