Overview
Mahindra Manulife Equity Savings Fund Direct Growth
Mahindra Mutual Fund
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.
Investments in Mahindra Manulife Equity Savings Fund Direct Growth are subject to market risks. Please read the offer document carefully before investing to understand the potential market risks and rewards.
Latest NAV
₹ 23.1311
Fund Size (AUM)
₹557.01 Cr
Risk
Moderately High (Risk rating: 4/10)
Minimum Investment
Lumpsum: ₹ 1000
SIP: ₹500
Launch Date
01-Feb-2017
Expense Ratio
0.72%
Exit Load
Exit load for units in excess of 10% of the investment,1% will be charged for redemption within 15 days.
Benchmark
NIFTY Equity Savings Total Return Index
Standard Deviation
5.74
History
Performance & Ratios
1-Year SIP Return
3.22%
3-Year SIP Return
10.64%
5-Year SIP Return
11.45%
Mean Return
7.2%
Alpha
1.29
Beta
0.68
Sharpe Ratio
0.61
Sortino Ratio
1.05
Information Ratio
0.08
Returns
| 1Y | 3Y | 5Y | All Time | |
|---|---|---|---|---|
| Fund Returns | 7.92% | 9.97% | 15.77% | 10.46% |
| Category Average | 8.41% | 9.11% | 11.94% | N/A |
| Rank Within Category | 20 | 14 | 2 | N/A |
Holdings (100)
| Company | Sector | Instrument | Assets |
|---|---|---|---|
| HDFC Bank Ltd. | Financial | Equity | 5.3% |
| Ambuja Cements Ltd. | Construction | Equity | 5.22% |
| Reliance Industries Ltd. | Energy | Equity | 4.56% |
| ICICI Bank Ltd. | Financial | Equity | 4.36% |
| Bajaj Finance Ltd. | Financial | Equity | 4.06% |
| GOI | Sovereign | GOI Sec | 3.36% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | Equity | 3.08% |
| ITC Ltd. | Consumer Staples | Equity | 2.92% |
| Brookfield India Real Estate Trust REIT | Construction | REITs | 2.83% |
| Mahindra & Mahindra Ltd. | Automobile | Equity | 2.79% |
Holdings Analysis
Peer Comparison
Peer Comparison
| Fund Name | AUM (₹ Cr) | 1Y Return (%) | 3Y Return (%) | Expense Ratio (%) | Rating |
|---|---|---|---|---|---|
| Kotak Equity Savings Fund Direct Growth | 8043.3 | 9.18 | 12.02 | 0.65 | N/A |
| Edelweiss Equity Savings Fund Direct Growth | 577.29 | 11.51 | 11.28 | 0.6 | N/A |
| DSP Equity Savings Fund Direct Growth | 2517.21 | 12.76 | 11.08 | 0.41 | N/A |
| SBI Equity Savings Fund Direct Growth | 5670.63 | 9.55 | 10.46 | 0.89 | N/A |
| ICICI Prudential Equity Savings Fund Direct Growth | 12854.84 | 9.01 | 8.68 | 0.48 | N/A |
SIP, STP & SWP Details
Systematic Investment Plan (SIP):
Frequency: Monthly
Min Amount: ₹ 500
Multiplier: 1
Systematic Transfer Plan (STP):
Frequency: MONTHLY
Dates: Any day of the month
Min Amount: ₹ 500
Min Installments: 6
Systematic Withdrawal Plan (SWP):
Frequency: MONTHLY
Dates: Any day of the month
Min Amount: ₹ 500
Min Installments: 2
AMC Details
Asset Management Company
Mahindra Mutual Fund
Mahindra Mutual Fund started their mutual fund on 04/02/2016 and its managing total assets of ₹2,241 Cr. Its ranked at 31 as per total assets at end of 30th Sep 2017. Mahindra Mutual Fund employs robust strategies to manage market risks, but investments remain subject to market risks. Please read the fund’s documentation for detailed risk management policies.
Mahindra is one of the leading brands in the country and has garnered trust of customers across the nation. Mahindra Asset Management Company Private Limited is a wholly owned subsidiary of Mahindra and Mahindra Financial Services Limited (MMFSL).
Mahindra provides various schemes across different market capitalization in various categories. It focuses mainly in the rural and semi-urban areas. The fact that Mahindra concentrates more on financially empowering masses in the rural area, makes it stand out in the mutual fund industry and it aspires to become the best financial service provider to people who live in semi-urban and rural areas.
The motto of the company is therefore unique because it not only wants to revolutionize the financial industry, it also aims at building a change within the community, by helping investors who do not hail from an urban set-up.
Launch Date
2016-02-04T00:00:00.558Z
Total AUM
₹ 4742.0 Cr
Address
1st Floor, Sadhana House, Behind Mahindra Tower, 570 P. B. Marg, Worli, Mumbai 400018
Phone
022-66327900
Website
Sub Type
Contra
Sub Type Info
Contra funds follow Contrarian strategy which means investing in stocks in contrast to the prevailing sentiment. Minimum investment in equity is 65%.
Tax Impact
Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.
Stamp Duty
0.005% (from July 1st, 2020)
Fund Manager Details
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Mahindra Manulife Equity Savings Fund Direct Growth
Mahindra Mutual Fund
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Frequently Asked Questions
How is the overall rating calculated?
The overall rating for Mahindra Manulife Equity Savings Fund Direct Growth is an aggregate score based on performance metrics (returns over 1, 3, and 5 years), risk-adjusted returns (Sharpe and Sortino ratios), and consistency relative to its category. Ratings are on a scale of 1 to 5, with 5 being the highest.
What are the top stocks of Mahindra Manulife Equity Savings Fund Direct Growth?
The top stocks held by Mahindra Manulife Equity Savings Fund Direct Growth include HDFC Bank Ltd., Ambuja Cements Ltd., Reliance Industries Ltd..
Which industries does Mahindra Manulife Equity Savings Fund Direct Growth invest in?
Mahindra Manulife Equity Savings Fund Direct Growth primarily invests in the following industries: Financial, Construction, Energy.
Who are the fund managers of Mahindra Manulife Equity Savings Fund Direct Growth?
The fund managers of Mahindra Manulife Equity Savings Fund Direct Growth are Rahul Pal and Manish Lodha and Renjith Sivaram Radhakrishnan.
How many years has the fund manager been managing Mahindra Manulife Equity Savings Fund Direct Growth?
Rahul Pal:
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Manish Lodha:
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Renjith Sivaram Radhakrishnan:
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What is the minimum investment for Mahindra Manulife Equity Savings Fund Direct Growth?
The minimum investment for Mahindra Manulife Equity Savings Fund Direct Growth is ₹1000 for lumpsum investments and ₹500 for SIPs.
What are the average 1-year returns for Mahindra Manulife Equity Savings Fund Direct Growth?
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What are the average 3-year returns for Mahindra Manulife Equity Savings Fund Direct Growth?
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What is the expense ratio of Mahindra Manulife Equity Savings Fund Direct Growth, and how does it compare to its category?
The expense ratio of Mahindra Manulife Equity Savings Fund Direct Growth is 0.72%. The average expense ratio for similar funds in the Hybrid is Calculating....