Mahindra Manulife Equity Savings Fund Direct Growth

Mahindra Manulife Equity Savings Fund Direct Growth

NAV as on 28-03-2025

₹ 22.85

Inception Returns

10.6%

/yr

Historical NAV & Returns

Absolute

zero opening, trading, fund transfer fee
71 people have invested ₹ 5.7L in Mahindra Manulife Equity Savings Fund Direct Growth in the last three months

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 ₹544 Cr worth of assets under management (AUM) as on Feb 2025 and is less than category average.
  2. The fund has an expense ratio 0.8.

Returns

Mahindra Manulife Equity Savings Fund Direct Growth has given a CAGR return of 10.61% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.16%, 10.09% and 16.07% respectively.

Holdings

Mahindra Manulife Equity Savings Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Government, Basic Materials, Corporate, Consumer Cyclical, Energy, Tech, Consumer Defensive, Industrial, 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 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).

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 ratio0.75%
Benchmark
NIFTY Equity Savings TR INR
AUM₹544 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 (28-Mar-25)

Period
Mahindra Manulife Equity Savings Fund Direct Growth
Equity Savings Index
1M
2.8%
1.4%
3M
-0.3%
-1.9%
6M
-1.7%
-2.7%
1Y
7.2%
5.9%
3Y
10.1%
8.5%
5Y
16.1%
12.2%

Fund Distribution

as on (28-Feb-25)

  • Equity 30.9%

  • Debt & Cash 69.1%

Large cap
52.7%

Mid cap
7.3%

Small cap
5.3%

Sector Allocation

Feb'25

Jan'25

Dec'24

Financial Services
30.4%
Basic Materials
15.4%
Consumer Cyclical
10.4%
Energy
8.9%
Tech
8.8%
Consumer Defensive
8.2%
Industrial
7.5%
Health
6.7%
Utilities
2.8%
Communication
0.9%
All changes are between Oct'69 and Dec'69
Parameters
Feb'25
Jan'25
Dec'24
AUM
₹ 543.6 Cr
₹ 564.1 Cr
₹ 574.4 Cr
  • AUM of the fund stands at 543.6 Cr as of Feb'25
  • AUM decreased by 20.4 Cr between Feb'25 and Jan'25
Top Stocks bought last month
National Bank For Agriculture And Rural Development's allocation increased from 0.43% to 0.89%
National Bank For Agriculture And Rural Development's allocation increased from 0.43% to 0.89%
Sun Pharmaceuticals Industries Ltd's allocation increased from 2.43% to 2.6%
Sun Pharmaceuticals Industries Ltd's allocation increased from 2.43% to 2.6%
Bajaj Finance Ltd's allocation increased from 2.86% to 3%
Bajaj Finance Ltd's allocation increased from 2.86% to 3%
Top Stocks sold last month
HDFC Bank Ltd's allocation decreased from 4.42 % to 4.4 %
HDFC Bank Ltd's allocation decreased from 4.42 % to 4.4 %
ICICI Bank Ltd's allocation decreased from 3.23 % to 3.22 %
ICICI Bank Ltd's allocation decreased from 3.23 % to 3.22 %
Reliance Industries Ltd's allocation decreased from 3.19 % to 3.03 %
Reliance Industries Ltd's allocation decreased from 3.19 % to 3.03 %

Top 3 Sectors in February were Financial Services, Government & Corporate

Feb'25
Financial Services
30%
Government
21%
Basic Materials
15%
Jan'25
Financial Services
27%
Government
22%
Corporate
18%
Fund
Feb'25
Jan'25
Dec'24
No of Holdings
101
121
122
Top 5 Company Concentration
21.5%
19.2%
18.7%
Company having highest exposure
HDFC Bank Ltd (5%)
Ambuja Cements Ltd (4.9%)
Ambuja Cements Ltd (5%)
No of Sectors
13
13
13
Top 5 Sectors Concentration
91.4%
93.2%
93.8%
Sector having highest exposure
Financial Services (30.4%)
Financial Services (27.3%)
Financial Services (26.3%)
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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
₹27.55K Cr
as on 28-Feb-2025
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
This fund has one of the lowest expense ratio in the category (equity savings). Its expense ratio is 0.75% which is lower than the category average expense ratio of 1.07%.
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In the last 1 year, DSP Equity Savings Fund Direct Plan Growth has given 11.79% return, outperforming this fund by 4.63%.
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In the last 5 years, Sundaram Equity Savings - Direct Plan - Growth Option has given 16.88% return, outperforming this fund by 0.81% per annum.
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In the last 3 years, Sundaram Equity Savings - Direct Plan - Growth Option has given 12.51% return, outperforming this fund by 2.42% per annum.
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Over the last 3 months, this fund has experienced a 6.3% drop in AUM moving from 580.13 Cr to 543.63 Cr.

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 10.61% since inception which is more than its category average return of 8.02%
Fund Allocations

Fund Allocations

This fund has an allocation of 30.92% in Equity, 25.53% in Debt and 43.55% in Cash related instruments
AUM size ₹544 Cr

AUM size ₹544 Cr

This fund has AUM of ₹544 Cr which is less than its category average of ₹ 1639 Cr
Expense Ratio 0.75%

Expense Ratio 0.75%

This fund has an expense ratio of 0.75% which is less than its category average expense ratio of 1.16%

More funds from Mahindra

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5Y CAGR

▲ 25.06

Mahindra Manulife Balanced Advantage Fund Direct Growth

Mahindra Manulife Balanced Advantage Fund Direct Growth

3Y CAGR

▲ 13.13

Mahindra Manulife Arbitrage Fund Direct Growth

Mahindra Manulife Arbitrage Fund Direct Growth

3Y CAGR

▲ 6.18

Mahindra Manulife Multi Asset Allocation Fund Direct Growth

Mahindra Manulife Multi Asset Allocation Fund Direct Growth

1Y CAGR

▲ 12.84

Frequently Asked Questions for Mahindra Manulife Equity Savings Fund Direct Growth

The current NAV of Mahindra Manulife Equity Savings Fund Direct Growth is ₹22.85 as on 28-Mar-2025.
Existing (Absolute + CAGR) as on 28-Mar-2025.
Mahindra Manulife Equity Savings Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
2.79%
2.79%
6 Month Returns
-1.7%
-1.7%
1 Year Returns
7.16%
7.16%
3 Years Returns
33.44%
10.09%
5 Years Returns
110.67%
16.07%
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.
0.75% as on March 2025
₹544 Cr as on March 2025
7.32% Govt Stock 2030(5.3%), HDFC Bank Ltd(4.99%), Ambuja Cements Ltd(4.62%), Reliance Industries Ltd(4.4%), Bajaj Finance Ltd(3.96%) as on March 2025
Cash Equivalent(40.81%), Government(14.53%), Corporate(9.81%) as on March 2025
AAA
67.56
AA
32.44
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%