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3 star

Mahindra Manulife ELSS Kar Bachat Yojana - Regular Plan


Equity: ELSS

1 Lakh

Investment Grown to
₹ 1.79 Lakh

₹ 10000

Monthly SIP Grown to
₹ 5.72 Lakh

Suitability:

"When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. In addition, there is a tax benefit. Under Section 80C of the Indian income tax laws, investments of up to Rs 1.5 lakh in a financial year in eligible securities such as this fund are exempt from tax.

But be prepared for ups and downs in your investment value along the way. Also note that you cannot withdraw your money from this fund before completing three years from the date of investment.

Like for all equity funds, you must invest only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 40.77 -0.30 -1.96 2.00 11.30 29.26 66.31 21.32 13.67 -- --
S&P BSE 500 TRI 35.14 -0.58 -2.33 2.74 12.89 27.71 60.02 23.14 16.86 -- --
Equity: ELSS 34.29 -0.52 -2.26 2.69 11.14 26.95 57.49 21.72 14.85 -- --
Rank within category 5 8 16 27 20 11 5 18 21 -- --
Number of funds in category 38 38 38 38 38 38 38 35 34 29 27

As on 22-Oct-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Mahindra Manulife ELSS Kar Bachat Yojana - Regular Plan
3 star
Oct-16 66.31 21.32 13.67 2.38% 420
Axis Long Term Equity Fund
4 star
Dec-09 60.50 25.02 17.97 1.51% 34,371
Mirae Asset Tax Saver Fund - Regular Plan  | Invest Online
5 star
Dec-15 61.19 27.16 20.61 1.66% 9,832
DSP Tax Saver Fund  | Invest Online
4 star
Jan-07 65.25 26.16 16.30 1.75% 9,756
IDFC Tax Advantage (ELSS) Fund - Regular Plan
4 star
Dec-08 78.40 24.42 17.87 1.93% 3,439

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 9.55 24-Mar-2020 - 31-Mar-2020 -18.16 16-Mar-2020 - 23-Mar-2020
Month 19.28 23-Mar-2020 - 22-Apr-2020 -34.82 20-Feb-2020 - 23-Mar-2020
Quarter 30.15 23-Mar-2020 - 22-Jun-2020 -34.32 23-Dec-2019 - 23-Mar-2020
Year 91.78 23-Mar-2020 - 23-Mar-2021 -31.13 22-Mar-2019 - 23-Mar-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 19.60 21.17 0.74 0.83 0.94 -0.16
S&P BSE 500 TRI 20.70 22.02 0.76 0.86 -- --
Equity: ELSS 19.52 21.54 0.72 0.78 0.95 -0.34
Rank within category 18 15 15 11 15 15
Number of funds in category 35 35 35 35 35 35

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 30-Sep-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 48
Top 10 Stocks (%) 52.50
Top 5 Stocks (%) 36.40
Top 3 Sectors (%) 52.44
Portfolio P/B Ratio 4.12
Portfolio P/E Ratio 31.47

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 2,11,487 1,33,866
Giant (%) 64.42 51.26
Large (%) 14.94 16.18
Mid (%) 13.98 25.11
Small (%) 6.66 7.62
Tiny (%) -- 0.22

Value Research Fund Style

Sector Allocation vis-à-vis Category

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
down Reliance Industries Energy 36.90 8.46 2.80 8.21
equal HDFC Bank Financial 27.22 8.92 5.22 8.06
equal ICICI Bank Financial 26.31 8.45 0.00 7.94
equal Infosys Technology 34.62 8.26 0.00 7.05
down Tata Consultancy Services Technology 35.39 5.50 0.00 5.14
down Kotak Mahindra Bank Financial 43.30 6.01 1.50 3.85
down Hindustan Unilever FMCG 68.66 4.96 0.00 3.71
equal Larsen & Toubro Construction 20.20 3.76 1.43 3.17
equal Axis Bank Financial 29.64 3.28 0.00 3.11
down HCL Technologies Technology 28.09 2.75 0.00 2.26
equal State Bank of India Financial 17.95 3.54 0.00 1.98
equal HDFC Financial 26.03 4.09 1.71 1.92
up Maruti Suzuki India Automobile 43.62 3.27 1.14 1.91
equal Dr. Reddy's Lab Healthcare 44.37 1.91 0.00 1.91
up Bajaj Auto Automobile 19.89 2.98 0.00 1.74
up Gland Pharma Healthcare 61.31 1.62 0.00 1.62
equal NTPC Energy 10.54 1.61 0.00 1.61
equal Astral Chemicals 96.17 1.49 0.00 1.49
equal ICICI Lombard General Insurance Company Insurance 58.47 2.14 0.00 1.48
up Divi's Laboratories Healthcare 65.85 2.16 0.00 1.43
equal Honeywell Automation Engineering 83.79 3.56 0.00 1.42
equal Ambuja Cements Construction 23.49 1.72 0.00 1.40
equal Sun Pharmaceutical Industries Healthcare 32.54 1.63 0.00 1.31
up Whirlpool Consumer Durable 77.36 1.28 0.00 1.28
down Century Textiles & Industries Diversified 105.21 1.28 0.00 1.22

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 30-Sep-2021

Fund Manager

— Fatema Pacha since 16-Oct-2020

Education: Ms. Pacha has done PGDBM (Finance) and BE (Computers)

Experience: Prior to joining MMIMPL, she was associated with ICICI Prudential Life Insurance and UTI Mutual Fund.

Funds Managed:

— Manish Lodha since 21-Dec-2020

Education: Mr. Lodha is a Chartered Accountant and Company Secretary

Experience: Prior to joining MMIMPL, he was associated with Canara HSBC OBC Life Insurance Co Ltd, Kotak Mahindra Mutual Fund. In these roles, he was responsible for Portfolio Management, Equity Research. He has also held various positions in Finance function during his association with BOC India Ltd (Now Linde India Ltd.).

Funds Managed:


-0.30%

Change from previous, NAV as on 22-Oct-2021

Growth: ₹ 19.0460

IDCW: ₹ 15.9319


Investment Strategy

The Scheme seeks to generate long-term capital appreciation through a diversified portfolio of equity and equity related securities.

Investment Details

Minimum Investment (₹) 500
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 500
Minimum No of Cheques 6
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 1
Lock-in Period 3 Years
Exit Load 0

Basic Details

Fund House: Mahindra Manulife Mutual Fund
Launch Date: 18-Oct-2016
Return Since Launch: 13.71%
Benchmark: NIFTY 200 TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 420 Cr (As on 30-Sep-2021)
Expense: 2.38% (As on 31-Aug-2021)
Risk Grade: Average
Return Grade: Average
Turnover: 132.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW17-Sep-20210.5000

 26-Feb-20210.8000
 10-Nov-20171.0000

Contact Information

AMC: Mahindra Manulife Investment Management Private Limited

Address: 1st Floor - Sadhana House, Behind Mahindra Towers, 570 - P.B. Marg, Worli, Mumbai - 400018

Phone: 022-66327900

Email: [email protected]

Website: http://www.mahindramanulife.com

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

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