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 Manish Lodha, Rahul Pal. This fund gives you the benefit of diversification.

1. Mahindra Manulife Equity Savings Fund Direct Growth has ₹563 Cr worth of assets under management (AUM) as on Apr 2025 and is less than category average.
2. The fund has an expense ratio 0.7.
   

Mahindra Manulife Equity Savings Fund Direct Growth has given a CAGR return of 10.84% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.70%, 12.55% and 15.92% respectively.

Mahindra Manulife Equity Savings Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Government, Basic Materials, Real Estate, Consumer Cyclical, Corporate, Energy, Tech, Industrial, Health, Consumer Defensive, 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 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Long term gains 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.