₹ 15.1046
NAV (Mar 05)
Neutral
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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).
Track Record
5 Years. The fund has Relatively moderate history for analysis. We recommend funds with longer history.
Relative Size
316 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 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.
No single fund can achieve what a plan can. Learn why
Scheme Information
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
Moderate Risk
2.42 %
Expense Ratio
Oct 18, 2016
Launched (5y ago)
₹ 316
AUM in Crores
INF174V01077
ISIN
3
Lock-in
IISL Nifty 200 TR INR
Benchmark
₹ 500
SIP Minimum
₹ 500
Lumpsum Min.
Returns Calculator Comparison
of
for
with step up of
Instrument | Returns | Total Corpus | Gains | Annualised % |
---|---|---|---|---|
Mutual Fund | ₹ 965,796 | ₹ 233,184 | 11.25% | |
EPF | ₹ 900,761 | ₹ 168,149 | 8.50% | |
Property | ₹ 867,662 | ₹ 135,050 | 7.00% | |
PPF | ₹ 869,819 | ₹ 137,207 | 7.10% | |
Bank FD | ₹ 846,471 | ₹ 113,859 | 6.00% | |
Gold | ₹ 846,471 | ₹ 113,859 | 6.00% | |
Savings Bank | ₹ 825,950 | ₹ 93,338 | 5.00% |
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.
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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About the AMC
Mahindra Manulife Investment Management Pvt. Ltd.
Mahindra Manulife Investment Management Pvt. Ltd. manages assets worth 5,089 crores and was set up on 20 June 2013. It's current offering of mutual fund schemes includes 17 equity,19 debt and 9 hybrid funds.
Diversified
₹ 384 Cr
Fund Size
13.5%
3Y returns
Large Cap
₹ 98 Cr
Fund Size
N/A
3Y returns
Aggressive Hybrid
₹ 149 Cr
Fund Size
N/A
3Y returns
Liquid
₹ 1,700 Cr
Fund Size
N/A
3Y returns
Liquid
₹ 1,700 Cr
Fund Size
5.9%
3Y returns
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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Mahindra Manulife ELSS Kar Bachat Yojana (G) is a tax saving equity fund and has delivered an annualised return of 9.9% 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, Srinivasan Ramamurthy
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.
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 2021-03-05 is ₹ 15.1046. The total AUM (Asset Under Management) of the fund as of 2021-03-06 is ₹ 315.691. The category risk of the Mahindra Manulife ELSS Kar Bachat Yojana (G) fund is Moderate Risk. The fund charges 2.42 % as expense ratio.
The fund’s highest allocation is towards equity and has invested 98.4% in this asset class. The top three holdings of the fund are hdfc bank ltd,icici bank ltd and infosys ltd
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.
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) 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.