Mahindra Manulife Equity Savings Fund Direct Growth
NAV as on 12-05-2025
₹ 23.4
▲1.1%
1D
Inception Returns
10.8%
/yr
Historical NAV & Returns
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
- Mahindra Manulife Equity Savings Fund Direct Growth has ₹563 Cr worth of assets under management (AUM) as on Mar 2025 and is less than category average.
- The fund has an expense ratio 0.8.
Returns
Mahindra Manulife Equity Savings Fund Direct Growth has given a CAGR return of 10.76% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.62%, 12.41% and 15.71% respectively.
Holdings
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.
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 20%For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefitLong term 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.
Mahindra Manulife Equity Savings Fund Direct Growth Overview
| Expense ratio | 0.75% |
Benchmark | NIFTY Equity Savings TR INR |
| AUM | ₹563 Cr |
| Inception Date | 1 February, 2017 |
| Min Lumpsum/SIP | ₹1000/₹500 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 418.69% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Moderately High risk |
Trailing Returns
as on (12-May-25)
Fund Distribution
as on (31-Mar-25)
- AUM of the fund stands at 557 Cr as of Mar'25
- AUM increased by 13.4 Cr between Mar'25 and Feb'25
Top 3 Sectors in March were Financial Services, Government & Basic Materials
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
Mahindra Manulife Equity Savings Fund | 8.62% | 12.41% | 15.71% | 10.76% |
 PGIM India Equity Savings Fund Direct Growth | 8.43% | 8.35% | 10.94% | 9.04% |
 Union Equity Savings Fund Direct Growth | 7.37% | 9.7% | 10.5% | 8.35% |
 Sundaram Equity Savings Fund Direct Growth | 11.89% | 14.53% | 16.84% | 10.16% |
 DSP Equity Savings Fund Direct Growth | 12.72% | 12.12% | 14.52% | 10.17% |
 Kotak Equity Savings Fund Direct Growth | 9.23% | 13.02% | 14.1% | 10.22% |
 ICICI Prudential Equity Savings Fund Direct Growth | 9.82% | 9.39% | 11.79% | 8.67% |
 SBI Equity Savings Fund Direct Growth | 8.42% | 11.47% | 14.11% | 9.84% |
 HDFC Equity Savings Fund Direct Growth | 8.93% | 12.45% | 14.9% | 10.52% |
Mutual Fund Insights
Mahindra Manulife Equity Savings Fund Direct Growth Highlights
Moderately High risk
About the fund
Fund Allocations
AUM size ₹563 Cr
Expense Ratio 0.75%
Frequently Asked Questions for Mahindra Manulife Equity Savings Fund Direct Growth
Mahindra Manulife Equity Savings Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 3.34% | 3.34% |
6 Month Returns | 2.64% | 2.64% |
1 Year Returns | 8.62% | 8.62% |
3 Years Returns | 42.04% | 12.41% |
- 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.
AAA | 81.5 |
AA | 18.5 |