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  • Mahindra Manulife ELSS Kar Bachat Yojana of Income Distribution cum Cptl Wdrl (PIDCW-A)

Formerly Mahindra Manu ELSS Kar Bachat Yjn Reg DP

Mahindra Manulife ELSS Kar Bachat Yojana of Income Distribution cum Cptl Wdrl (PIDCW-A)

Mahindra Manulife Elss Kar Bachat Yojana Of Income Distribution Cum Cptl Wdrl (Pidcw-a)

EquityTax Saving

13.1548

NAV (May 11)

Scripbox Opinion

Neutral

Scripbox recommends other funds for investment in tax saving.

Click here to see our recommendations.

Tax saving funds provides inflation beating growth over the long term and is suitable for investment objectives with duration of 10-15 years or longer (minimum 5 years).

Scripbox does not recommend investing in the dividend option of a fund because dividends are taxable at a higher rate than withdrawals.

Our analysis of this fundLearn how we rate funds ->

Track Record

5 Years. The fund has Relatively moderate history for analysis. We recommend funds with longer history.

Relative Size

349 Cr. Medium within the category

Category View

Positive. The category has a positive investment outlook

Consistency Of Performance

Poor. The historical performance of the fund has been poor

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Tax Saver Plan

Tax Saver Plan

Invest in a scientifically curated set of tax saving funds (ELSS) which are designed to help you save tax under Sec. 80C while offering the opportunity for growth in line with equity returns.

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    Historical growth rate of 12% per annum
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    Recommended Duration > 5 years
  • graph-icon-gray
    3 Years
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    Save Tax

No single fund can achieve what a plan can. Learn why

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Scheme Information

Investment Objective

The investment objective of the Scheme is to generate long-term capital appreciation through a diversified portfolio of equity and equity related securities. The Scheme does not guarantee or assure any returns.

Low

Low to Moderate

Moderate

Moderately High

High

Very High

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Very High Risk

2.54 %

Expense Ratio

Oct 18, 2016

Launched (5y ago)

₹ 349

AUM in Crores

INF174V01085

ISIN

3

Lock-in

IISL Nifty 200 TR INR

Benchmark

₹ 500

SIP Minimum

₹ 500

Lumpsum Min.

Fund Managers
user-avatar

Fatema Pacha

Fund Manager

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Manish Lodha

Fund Manager

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Srinivasan Ramamurthy

Fund Manager

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Returns Calculator Comparison

of

for

with step up of

InstrumentReturnsTotal CorpusGainsAnnualised %
Mutual Fund70%₹ 965,796 ₹ 233,18411.25%
EPF70% ₹ 900,761 ₹ 168,1498.50%
Property70% ₹ 867,662 ₹ 135,0507.00%
PPF70% ₹ 869,819 ₹ 137,2077.10%
Bank FD70% ₹ 846,471 ₹ 113,8596.00%
Gold70% ₹ 846,471 ₹ 113,8596.00%
Savings Bank70% ₹ 825,950 ₹ 93,3385.00%

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.

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Tax Saver Plan

Invest in a scientifically curated set of tax saving funds (ELSS) which are designed to help you save tax under Sec. 80C while offering the opportunity for growth in line with equity returns.

  • Inflation beating returns
    Inflation beating returns
  • Save Tax
    Save Tax
  • One click investing  tracking
    One click investing tracking
comparison

Comparison with Equity Funds

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UTI Nifty Index Fund (G)

UTI Nifty Index Fund (G)

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HDFC Index Nifty 50 fund (G)

HDFC Index Nifty 50 fund (G)

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Kotak Bluechip fund (G)

Kotak Bluechip fund (G)

Large Cap

Recommended

Top Ranked

23 Years

Age

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About the AMC

Mahindra Manulife Investment Management Pvt. Ltd.

Mahindra Manulife Investment Management Pvt. Ltd. manages assets worth 5,473 crores and was set up on 20 June 2013. It's current offering of mutual fund schemes includes 20 equity,19 debt and 9 hybrid funds.

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  • tel-amc-about
    022-66327900
  • mail-amc-about
    mfinvestors@mahindra.com
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    Fund Size

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    3Y returns

    Mahindra Manulife Large Cap Pragati Yojana fund (G)

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    ₹ 108 Cr

    Fund Size

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    3Y returns

    Mahindra Manulife Top 250 Nivesh Yojana fund (G)

    Mahindra Manulife Top 250 Nivesh Yojana fund (G)

    Diversified

    ₹ 307 Cr

    Fund Size

    N/A

    3Y returns

    Mahindra Manulife Liquid Fund Redemption Dividend Upto 3 years (G)

    Mahindra Manulife Liquid Fund Redemption Dividend Upto 3 years (G)

    Liquid

    ₹ 1,638 Cr

    Fund Size

    5.9%

    3Y returns

    Mahindra Manulife Hybrid Equity Nivesh Yojana fund (G)

    Mahindra Manulife Hybrid Equity Nivesh Yojana fund (G)

    Aggressive Hybrid

    ₹ 194 Cr

    Fund Size

    N/A

    3Y returns

    growth

    Tax Saver Plan

    Invest in a scientifically curated set of tax saving funds (ELSS) which are designed to help you save tax under Sec. 80C while offering the opportunity for growth in line with equity returns.

    • graph-icon-gray
      Historical growth rate of 12% per annum
    • graph-icon-gray
      Recommended Duration > 5 years
    • graph-icon-gray
      3 Years
    • graph-icon-gray
      Save Tax
    • graph-icon-gray
      One-click investing and tracking
    • graph-icon-gray
      Zero fees for all your investments
    Mirae Asset Tax Saver Fund (Growth)

    Mirae Asset Tax Saver Fund (Growth)

    Equity

    Tax Saving

    Canara Robeco Equity Taxsaver fund (Growth)

    Canara Robeco Equity Taxsaver fund (Growth)

    Equity

    Tax Saving

    How does Scripbox rate funds?

    Proprietary system to rate mutual 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?
    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.
    Track Record

    Track Record

    We look at consistent and long historical performance for our analysis.

    Relative Size

    Relative Size

    We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.

    Category View

    Category View

    We check if the sub-category of the fund is recommended by us.

    Consistency Of Performance

    Consistency Of Performance

    Consistency of performance over various tenures is analysed for a relative performance stack.

    Track Record

    Track Record

    We look at consistent and long historical performance for our analysis.

    Relative Size

    Relative 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

    Impact of Interest Rates

    We check the relative interest rate risk of the sub-category of the fund. Lower the better.

    Credit Quality Of Fund’s Portfolio

    Credit Quality Of Fund’s Portfolio

    We check the relative interest rate risk of the sub-category of the fund. Lower the better.

    Equity Funds

    Debt Funds

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    About Mahindra Manulife ELSS Kar Bachat Yojana of Income Distribution cum Cptl Wdrl (PIDCW-A)

    About Mahindra Manulife ELSS Kar Bachat Yojana of Income Distribution cum Cptl Wdrl (PIDCW-A)

    Mahindra Manulife ELSS Kar Bachat Yojana of Income Distribution cum Cptl Wdrl (PIDCW-A) is a tax saving equity fund and has delivered an annualised return of 11.5% over a period of 5 years .The fund was previously known as Mahindra Manu ELSS Kar Bachat Yjn Reg DP.The fund is managed by Mahindra Manulife Investment Management Pvt. Ltd..The fund managers are Fatema Pacha, Manish Lodha, Srinivasan Ramamurthy

    Mahindra Manulife ELSS Kar Bachat Yojana of Income Distribution cum Cptl Wdrl (PIDCW-A) Investment Objective

    The investment objective of the Scheme is to generate long-term capital appreciation through a diversified portfolio of equity and equity related securities. The Scheme does not guarantee or assure any returns. However, there is no assurance that the objective of the scheme will be realized.

    Mahindra Manulife ELSS Kar Bachat Yojana of Income Distribution cum Cptl Wdrl (PIDCW-A) NAV,AUM,Risk

    The Mahindra Manulife ELSS Kar Bachat Yojana of Income Distribution cum Cptl Wdrl (PIDCW-A) fund was launched on Oct 18, 2016. The NAV (Net Asset Value) of this tax saving equity as of 2021-05-11 is ₹ 13.1548. The total AUM (Asset Under Management) of the fund as of 2021-05-12 is ₹ 348.744. The category risk of the Mahindra Manulife ELSS Kar Bachat Yojana of Income Distribution cum Cptl Wdrl (PIDCW-A) fund is Very High Risk. The fund charges 2.54 % as expense ratio.

    Mahindra Manulife ELSS Kar Bachat Yojana of Income Distribution cum Cptl Wdrl (PIDCW-A) Holdings

    The fund’s highest allocation is towards equity and has invested 97.8% in this asset class. The top three holdings of the fund are icici bank ltd,reliance industries ltd shs dematerialised and infosys ltd

    Mahindra Manulife ELSS Kar Bachat Yojana of Income Distribution cum Cptl Wdrl (PIDCW-A) SIP

    The minimum SIP (Systematic Investment Plan) amount for this is ₹ 500 and you can increase this in multiples of ₹ 500. In case you want to invest a lump sum, the minimum amount to be invested is ₹ 500.

    Mahindra Manulife ELSS Kar Bachat Yojana of Income Distribution cum Cptl Wdrl (PIDCW-A) 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 IISL Nifty 200 TR INR

    Mahindra Manulife ELSS Kar Bachat Yojana of Income Distribution cum Cptl Wdrl (PIDCW-A) Review

    Mahindra Manulife ELSS Kar Bachat Yojana of Income Distribution cum Cptl Wdrl (PIDCW-A) has a score of 2 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 ELSS Kar Bachat Yojana of Income Distribution cum Cptl Wdrl (PIDCW-A) 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.

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