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  • Mahindra Manulife ELSS Kar Bachat Yojana (Growth)
Mahindra Manulife ELSS Kar Bachat Yojana (Growth)

Mahindra Manulife ELSS Kar Bachat Yojana (Growth)

EquityTax Saving

17.1001

NAV (Jul 28)

NA
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

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

Relative Size

384 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

Invest in this fund
Explore a scientifically created Scripbox plan within this asset class.
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
  • graph-icon-gray
    Recommended Duration > 5 years
  • graph-icon-gray
    3 Years
  • graph-icon-gray
    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

Expense Ratio
2.4 %
Launched (5y ago)
Oct 18, 2016
AUM in Crores
₹ 384
ISIN
INF174V01077
Lock-in
3
Benchmark
IISL Nifty 200 TR INR
SIP Minimum
₹ 500
Lumpsum Min.
₹ 500
Fund Managers
user-avatar

Fatema Pacha

Fund Manager

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Manish Lodha

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

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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)

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About the AMC

Mahindra Manulife Investment Management Pvt. Ltd.

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.

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  • 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

    ₹ 596 Cr

    Fund Size

    15.90%

    Till Date CAGR

    Till Date CAGR

    Mahindra Manulife Top 250 Nivesh Yojana fund (G)

    Mahindra Manulife Top 250 Nivesh Yojana fund (G)

    Diversified

    ₹ 370 Cr

    Fund Size

    29.30%

    Till Date CAGR

    Till Date CAGR

    Mahindra Manulife Large Cap Pragati Yojana fund (G)

    Mahindra Manulife Large Cap Pragati Yojana fund (G)

    Large Cap

    ₹ 122 Cr

    Fund Size

    16.40%

    Till Date CAGR

    Till Date CAGR

    Mahindra Manulife Hybrid Equity Nivesh Yojana fund (G)

    Mahindra Manulife Hybrid Equity Nivesh Yojana fund (G)

    Aggressive Hybrid

    ₹ 232 Cr

    Fund Size

    24.60%

    Till Date CAGR

    Till Date CAGR

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

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

    Liquid

    ₹ 1,599 Cr

    Fund Size

    5.60%

    3 Year CAGR

    3 Y CAGR

    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

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    3,600+

    AUM

    2,500+

    Cities

    2012

    Established

    How does Scripbox rate funds?

    Proprietary 4-step 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.

    Fund Size

    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

    Sub-asset Class View

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

    Fund Performance

    Fund 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.

    Fund Size

    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

    Impact of Interest Rates

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

    Credit Attractiveness

    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 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 11.9% over a period of 5 years ..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 (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 2021-07-28 is ₹ 17.1001. The total AUM (Asset Under Management) of the fund as of 2021-07-29 is ₹ 383.930. The category risk of the Mahindra Manulife ELSS Kar Bachat Yojana (G) fund is Very High Risk. The fund charges 2.4 % as expense ratio.

    Mahindra Manulife ELSS Kar Bachat Yojana (G) Holdings

    The fund’s highest allocation is towards equity and has invested 97.1% in this asset class. The top three holdings of the fund are infosys ltd,reliance industries ltd shs dematerialised 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.

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