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However, Scripbox does not recommend investing in equity savings mutual funds.
Equity Savings funds are primarily equity funds with a small exposure of minimum 10% to debt instruments.
These funds are close to equity funds in terms of market linked fluctuations.It is better for investors to make the allocation to equity & debt themselves and choose the right funds in each asset class
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Scheme Information
Investment Objective
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.
Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.
Mahindra Manulife Investment Management Pvt. Ltd. manages assets worth 6,056 crores and was set up on 20 June 2013. It's current offering of mutual fund schemes includes 20 equity,20 debt and 9 hybrid funds.
We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.
What Scripbox recommendations mean?
Recommended
Scripbox algorithm recommends 2-4 funds for investment for an investment asset class such as large cap, diversified, liquid etc. When you invest for an objective, the algorithm suggests the appropriate asset class and funds.
Top Ranked
Neutral
Not Recommended
Track Record
We look at consistent and long historical performance for our analysis.
Fund Size
We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.
Sub-asset Class View
We check if the sub-category of the fund is recommended by us.
Fund Performance
Consistency of performance over various tenures is analysed for a relative performance stack.
Track Record
We look at consistent and long historical performance for our analysis.
Fund Size
We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.
Impact of Interest Rates
We check the relative interest rate risk of the sub-category of the fund. Lower the better.
Credit Attractiveness
We check the credit quality of the underlying instruments present in the fund. Higher the better.
Equity Funds
Debt Funds
About Mahindra Manulife Equity Savings Dhan Sanchay Yojana fund (G)
About Mahindra Manulife Equity Savings Dhan Sanchay Yojana fund (G)
Mahindra Manulife Equity Savings Dhan Sanchay Yojana fund (G) is a equity savings hybrid fund and has delivered an annualised return of 9.0% over a period of 4 years .The fund was previously known as Mahindra MF Dhan Sanchay Yojana Reg Gr.The fund is managed by Mahindra Manulife Investment Management Pvt. Ltd..The fund managers are Fatema Pacha, Manish Lodha, Rahul Pal
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. However, there is no assurance that the objective of the scheme will be realized.
Mahindra Manulife Equity Savings Dhan Sanchay Yojana fund (G) NAV,AUM,Risk
The Mahindra Manulife Equity Savings Dhan Sanchay Yojana fund (G) fund was launched on Feb 01, 2017. The NAV (Net Asset Value) of this equity savings hybrid as of 2021-07-29 is ₹ 14.7817. The total AUM (Asset Under Management) of the fund as of 2021-07-29 is ₹ 250.769. The category risk of the Mahindra Manulife Equity Savings Dhan Sanchay Yojana fund (G) fund is Very High Risk.
The fund charges 2.56 % as expense ratio.
Mahindra Manulife Equity Savings Dhan Sanchay Yojana fund (G) Holdings
The fund’s highest allocation is towards equity and has invested 55.2% in this asset class. The top three holdings of the fund are 5.85% govt stock 2030,national bank for agriculture and rural development and coastal gujarat power limited
Mahindra Manulife Equity Savings Dhan Sanchay Yojana fund (G) SIP
The minimum SIP (Systematic Investment Plan) amount for this is ₹ 1000 and you can increase this in multiples of ₹ 100. In case you want to invest a lump sum, the minimum amount to be invested is ₹ 5000.
Mahindra Manulife Equity Savings Dhan Sanchay Yojana fund (G) Investment volatility and Horizon
This fund is meant for investors with a minimum investment horizon of 5-7 years. Due to the asset class nature, expect volatility in your investments over the short term. The fund is benchmarked to NIFTY Equity Savings TR INR
Mahindra Manulife Equity Savings Dhan Sanchay Yojana fund (G) Review
Mahindra Manulife Equity Savings Dhan Sanchay Yojana fund (G) has a score of 3 on a scale of 5. The fund scores 3 out of 5 based on historical performance. As compared to the other funds in its category, Mahindra Manulife Equity Savings Dhan Sanchay Yojana fund (G) has a score of 3 out of 5.
Scipbox has rated this fund 2 out of 5 based on consistency of performance over various years / tenures.
