Mahindra Manulife Multi Asset Allocation Fund Direct Growth
Hybrid
Direct
Multi Asset Allocation
NAV as on 11-03-2025
₹ 11.01
1D
Inception Returns
10.1%
/yr
About Mahindra Manulife Multi Asset Allocation Fund Direct Growth
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 Rahul Pal. This fund gives you the benefit of diversification.
Key Parameters
- Mahindra Manulife Multi Asset Allocation Fund Direct Growth has ₹560 Cr worth of assets under management (AUM) as on Jan 2025 and is less than category average.
- The fund has an expense ratio 0.4.
Returns
Mahindra Manulife Multi Asset Allocation Fund Direct Growth has given a CAGR return of 10.09% since inception.
Holdings
Mahindra Manulife Multi Asset Allocation Fund Direct Growth has allocated its funds majorly in Government, Financial Services, Corporate, Cash Equivalent, Consumer Cyclical, Securitize, Basic Materials, Tech, Industrial, Energy, Health, Consumer Defensive, Utilities, Communication.
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 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 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.
Historical NAV & Returns
Mahindra Manulife Multi Asset Allocation Fund Direct Growth Overview
| Expense ratio | 0.39% |
Benchmark | null |
| AUM | ₹560 Cr |
| Inception Date | 13 March, 2024 |
| Min Lumpsum/SIP | ₹1000/₹500 |
Exit Load | 0.5% |
| Lock In | No Lock-in |
TurnOver | 1251.9% |
| STCG | Selling mutual fund within 36 months, gains taxed at slab rates. |
| LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
| Risk |   Very High Risk |
Trailing Returns
as on (11-Mar-25)
Fund Distribution
as on (31-Jan-25)
- AUM of the fund stands at 560.2 Cr as of Jan'25
- AUM increased by 15.5 Cr between Jan'25 and Dec'24
Top 3 Sectors in January were Government, Corporate & Financial Services
Mahindra Manulife Multi Asset Allocation Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹560 Cr
Expense Ratio 0.39%
Frequently Asked Questions for Mahindra Manulife Multi Asset Allocation Fund Direct Growth
Mahindra Manulife Multi Asset Allocation Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -1.31% | -1.31% |
6 Month Returns | -2.69% | -2.69% |
1 Year Returns | 0% | 0% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
- 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 | 75.88 |
AA | 24.12 |