scripbox logo
  • Mutual Funds
  • Mahindra Manulife Investment Management Pvt. Ltd.
  • Mahindra Manulife ELSS Kar Bachat Yojana (Growth)
Mahindra Manulife ELSS Kar Bachat Yojana (Growth)

Mahindra Manulife ELSS Kar Bachat Yojana (Growth)

Equity

Tax Saving

12.3372

NAV (Nov 20)

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).

Our analysis of this fundLearn how we rate funds ->

Track Record

4 Years

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

Relative Size

291 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

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.

Learn why choose a plan over a fund ->
  • graph-icon-gray
    Historical growth rate of 12% per annum
  • graph-icon-gray
    Recommended Duration > 5 years
  • graph-icon-gray
    3
  • graph-icon-gray
    Save Tax
Start Investing Now

Join 75,000+ smart investors who enjoy automatic investing with Scripbox

info-icon-blue

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

risk-low-img

Moderately Low

risk-moderately-low-img

Moderate

risk-moderate-img

Moderately High

risk-moderately-high-img.svg

High

risk-high-img.svg
risk-indicator-arrow.svg

Moderately High risk

2.42 %

Expense Ratio

Oct 18, 2016

Launched (4y ago)

₹ 291

AUM in Crores

INF174V01077

ISIN

3

Lock-in

IISL Nifty 200 TR INR

Benchmark

₹ 500

SIP Minimum

₹ 500

Lumpsum Min.

Fund Managers
user-avatar

Fatema Pacha

Fund Manager

user-avatar

Srinivasan Ramamurthy

Fund Manager

calculator

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.

build-long-item-wealth-img

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
asset-allocation

Asset allocation and Holdings

Last updated on 2020-11-20

Top Stock Holdings

Infosys ltd

7.2%
7.2%

Reliance industries ltd

6.6%
6.6%

Hdfc bank ltd

6.5%
6.5%

Icici bank ltd

6%
6%

Kotak mahindra bank ltd

6%
6%
See all holdingsright-arrow
allocation by market cap

Allocation by Sector

Financial services

27%
90%

Technology

14.3%
90%

Basic materials

9.5%
90%

Consumer cyclical

8.8%
90%

Healthcare

8.1%
90%
See all sectorsright-arrow
comparison

Comparison with Equity Funds

L&T Midcap Fund (G)

L&T Midcap Fund (G)

Mid Cap

Recommended

Top Ranked

16 Years

Age

5

Track Record

HDFC Index Nifty 50 fund (G)

HDFC Index Nifty 50 fund (G)

Index Funds

Recommended

Top Ranked

18 Years

Age

5

Track Record

UTI Nifty Index Fund (G)

UTI Nifty Index Fund (G)

Index Funds

Recommended

Top Ranked

20 Years

Age

5

Track Record

Nippon India Growth Fund (G)

Nippon India Growth Fund (G)

Mid Cap

Recommended

Top Ranked

25 Years

Age

5

Track Record

HDFC Top 100 Fund (G)

HDFC Top 100 Fund (G)

Large Cap

Recommended

Top Ranked

24 Years

Age

5

Track Record

amc-icon

About the AMC

Mahindra Manulife Investment Management Pvt. Ltd.

Mahindra Manulife Investment Management Pvt. Ltd. manages assets worth 4,897 crores and was set up on 20 June 2013. It's current offering of mutual fund schemes includes 17 equity,19 debt and 6 hybrid funds.

amc-img

  • tel-amc-about
    022-66327900
  • mail-amc-about
    mfinvestors@mahindra.com
  • Mahindra Manulife Multi Cap Badhat Yojana (G)

    Mahindra Manulife Multi Cap Badhat Yojana (G)

    Diversified

    ₹ 345 Cr

    Fund Size

    4.8%

    3Y returns

    Mahindra Manulife Large Cap Pragati Yojana fund (G)

    Mahindra Manulife Large Cap Pragati Yojana fund (G)

    Large Cap

    ₹ 94 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

    ₹ 2,009 Cr

    Fund Size

    N/A

    3Y returns

    Mahindra Manulife Liquid Fund (G)

    Mahindra Manulife Liquid Fund (G)

    Liquid

    ₹ 2,009 Cr

    Fund Size

    6.2%

    3Y returns

    Mahindra Manulife Large Cap Pragati Yojana Payment fund (DP-A)

    Mahindra Manulife Large Cap Pragati Yojana Payment fund (DP-A)

    Large Cap

    ₹ 94 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
    • 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

    Motilal Oswal Long Term Equity Fund (Growth)

    Motilal Oswal Long Term Equity Fund (Growth)

    Equity

    Tax Saving

    Investment Calculator

    Investment Duration5 years

    ₹ 0

    Total Investment

    ₹ 0

    Wealth Gained

    ₹ 0

    Total Corpus Created (₹)

    With assumed returns of 12 %
    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

    How to invest in Scripbox Mutual Funds?

    Investing through Scripbox is made easy and paperless. All you need to do is follow the below steps and start investing.

    choose long term plan

    Choose a plan

    Choose a plan to invest to start investing

    create account

    Create an Account

    Create an account with Scripbox through a paperless process, to invest in this fund

    invest online

    Invest online & transfer

    Invest via netbanking, UPI or through an SIP (eNACH mandate).

    track investments

    Track your investments

    Track, invest more and withdraw your investments through the Scripbox dashboard

    scripmark
    The Scripbox Promise

    Scripbox has helped over 2500 people become millionaires in the last 7 years

    Start Investing Now
    fund selection

    Fund Selection

    You'll never have to worry about what funds to choose. We'll suggest what's best for you.

    continuous monitoring

    Continuous monitoring & alerts

    We will track our recommendations and suggest changes & fund exists whenever required.

    call assistance

    All week call assistance

    Our customer champions are available 7 days a week from 8AM to 8PM.

    annual reviews

    Annual reviews & rebalances

    We review your investments and make course corrections every year to make the best out of your investments

    About Mahindra Manulife ELSS Kar Bachat Yojana (G)

    About Mahindra Manulife ELSS Kar Bachat Yojana (G)

    Mahindra Manulife ELSS Kar Bachat Yojana (G) is a tax saving equity fund and has delivered an annualised return of 5.3% over a period of 4 years ..The fund is managed by Mahindra Manulife Investment Management Pvt. Ltd..The fund managers are Fatema Pacha, Srinivasan Ramamurthy

    Mahindra Manulife ELSS Kar Bachat Yojana (G) 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 (G) NAV,AUM,Risk

    The Mahindra Manulife ELSS Kar Bachat Yojana (G) fund was launched on Oct 18, 2016. The NAV (Net Asset Value) of this tax saving equity as of 2020-11-20 is ₹ 12.3372. The total AUM (Asset Under Management) of the fund as of 2020-11-21 is ₹ 290.987. The category risk of the Mahindra Manulife ELSS Kar Bachat Yojana (G) fund is Moderately High risk. The fund charges 2.42 % as expense ratio.

    Mahindra Manulife ELSS Kar Bachat Yojana (G) Holdings

    The fund’s highest allocation is towards equity and has invested 93.9% in this asset class. The top three holdings of the fund are infosys ltd,reliance industries ltd and hdfc bank ltd

    Mahindra Manulife ELSS Kar Bachat Yojana (G) 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 (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 IISL Nifty 200 TR INR

    Mahindra Manulife ELSS Kar Bachat Yojana (G) Review

    Mahindra Manulife ELSS Kar Bachat Yojana (G) 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 (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.

    filter
    Show Calculator