Mahindra Manulife Equity Savings Fund Direct Growth
Hybrid
Direct
Equity Savings
NAV as on 21-01-2025
₹ 22.73
1D
Inception Returns
10.8%
/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 Manish Lodha, Rahul Pal. This fund gives you the benefit of diversification.
Key Parameters
- Mahindra Manulife Equity Savings Fund Direct Growth has ₹574 Cr worth of assets under management (AUM) as on Nov 2024 and is less than category average.
- The fund has an expense ratio 0.5.
Returns
Mahindra Manulife Equity Savings Fund Direct Growth has given a CAGR return of 10.79% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.77%, 9.71% and 12.48% respectively.
Holdings
Mahindra Manulife Equity Savings Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Government, Corporate, Basic Materials, Industrial, Consumer Cyclical, Tech, Consumer Defensive, Energy, Health, Utilities, Securitize, 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 benefitGains 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
Mahindra Manulife Equity Savings Fund Direct Growth Overview
| Expense ratio | 0.46% |
Benchmark | NIFTY Equity Savings TR INR |
| AUM | ₹574 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 (21-Jan-25)
Fund Distribution
as on (30-Nov-24)
- AUM of the fund stands at 574.4 Cr as of Dec'24
- AUM decreased by 5.8 Cr between Dec'24 and Nov'24
Top 3 Sectors in December were Financial Services, Government & Corporate
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Ambuja Cements Ltd | 5.04% | 0% | |
 HDFC Bank Ltd | 4.4% | 0% | |
 ICICI Bank Ltd | 3.22% | 0% | |
 Reliance Industries Ltd | 3.03% | 0% | |
 Bajaj Finance Ltd | 3% | 0% |
Mutual Fund Insights
Mahindra Manulife Equity Savings Fund Direct Growth Highlights
Moderately High risk
About the fund
Fund Allocations
AUM size ₹574 Cr
Expense Ratio 0.46%
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 | -0.56% | -0.56% |
6 Month Returns | 0.73% | 0.73% |
1 Year Returns | 8.77% | 8.77% |
3 Years Returns | 32.04% | 9.71% |
5 Years Returns | 80.06% | 12.48% |
- 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 | 66.98 |
AA | 33.02 |