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).
5 Years. The fund has Relatively moderate history for analysis. We recommend funds with longer history.
Relative Size
420 Cr. Medium within the category
Category View
Superior. The category has a superior investment outlook
Consistency Of Performance
Poor. The historical performance of the fund has been poor
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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.
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Historical NAV
₹ 15.9805
NAV (Oct 21)
Fund Returns
Last 1Y
65.9%
Last 3Y
21.1%
Last 5Y
15.5%
Last 10Y
NA
Since Inception
15.5%
6 Month CAGR
30.5%
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.
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 7,531 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.
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.
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
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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 15.5% 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
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 fund as of 2021-10-21 is ₹15.98. The total AUM (Asset Under Management) of the fund as of 22/10/2021 is ₹419.699. 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 2.38 % 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 98.3% in this asset class. The top three holdings of the fund are , reliance industries ltd , hdfc bank ltd , icici bank ltd , infosys ltd , tata consultancy services ltd , kotak mahindra bank ltd , hindustan unilever ltd , larsen & toubro ltd , axis bank ltd , hcl technologies ltd , state bank of india , housing development finance corp ltd , maruti suzuki india ltd , dr reddy's laboratories ltd , tri party repo , bajaj auto ltd , gland pharma ltd , ntpc ltd , astral ltd , icici lombard general insurance co ltd , honeywell automation india ltd , divi's laboratories ltd , ambuja cements ltd , sun pharmaceuticals industries ltd , whirlpool of india ltd , century textiles & industries ltd , trent ltd , ultratech cement ltd , blue dart express ltd , pi industries ltd , hindalco industries ltd , sbi life insurance company limited , jindal stainless ltd , mrf ltd , tata communications ltd , abb india ltd , bharat electronics ltd , mm forgings ltd , bosch ltd , vip industries ltd , timken india ltd , balrampur chini mills ltd , avenue supermarts ltd , max financial services ltd , greenply industries ltd , minda industries ltd , mindtree ltd , indoco remedies ltd , bata india 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 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 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 3 out of 5 based on consistency of performance over various years / tenures.
