VR Logo

2 star

Mahindra Manulife ELSS Kar Bachat Yojana - Regular Plan


Equity: ELSS

1 Lakh

Investment declined to
₹ 0.90 Lakh

₹ 10000

Monthly SIP Declined to
₹ 3.33 Lakh

Suitability:

When you invest for five years or above, you can expect gains that comfortably beat the inflation rate and are also higher than fixed income options. In addition, you get tax exemption on the invested amount under Section 80C of the Indian income tax laws. As per this section, total investments of upto 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 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 paid by the mutual fund scheme are taxed at the rate of 10% (effectively 11.648%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

Read more

ajax-loader
Please wait...

ajax-loader
Please wait...

(₹)
cal
cal

ajax-loader
Please wait...

Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund -11.99 -1.17 -1.43 5.78 14.31 -12.92 -7.77 -3.60 -- -- --
S&P BSE 500 TRI -11.23 -1.58 -1.67 6.30 18.53 -13.06 -6.56 1.55 -- -- --
Equity: ELSS -11.44 -1.25 -1.52 5.37 14.94 -13.12 -7.02 -0.35 -- -- --
Rank within category 20 14 16 17 22 17 20 30 -- -- --
Number of funds in category 38 38 38 38 38 38 36 34 30 28 27

As on 14-Jul-2020

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
2 star
Oct-16 -7.77 -3.60 -- 2.38 282
Axis Long Term Equity Fund  | Invest Online
5 star
Dec-09 -3.07 5.15 6.93 1.73 20,292
Aditya Birla Sun Life Tax Relief 96  | Invest Online
4 star
Mar-96 -1.37 1.87 6.39 1.93 10,101
DSP Tax Saver Fund  | Invest Online
4 star
Jan-07 -4.91 1.52 6.86 1.87 5,789
Mirae Asset Tax Saver Fund - Regular Plan  | Invest Online
4 star
Dec-15 -2.89 4.44 -- 1.80 3,538

Best & Worst Performance

Best (Period) Worst (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 28.03 (26-Dec-2016 - 26-Dec-2017) -31.13 (22-Mar-2019 - 23-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -1.62 19.79 -0.35 -0.40 0.89 -6.02
S&P BSE 500 TRI 4.28 21.61 -0.05 -0.05 -- --
Equity: ELSS 2.32 21.15 -0.14 -0.15 0.95 -2.02
Rank within category 31 5 33 33 7 31
Number of funds in category 34 34 34 34 34 34

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

As on 30-Jun-2020

Asset Allocation (%)

ajax-loader
Please wait...

Concentration & Valuation

Number of Stocks 48
Top 10 Stocks (%) 46.03
Top 5 Stocks (%) 30.05
Top 3 Sectors (%) 55.08
Portfolio P/B Ratio 3.03
Portfolio P/E Ratio 21.97

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,22,449 89,760
Giant (%) 63.96 52.59
Large (%) 10.50 15.43
Mid (%) 22.78 23.93
Small (%) 2.76 8.24
Tiny (%) -- 0.13

Value Research Fund Style

Sector Allocation vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
down HDFC Bank Financial 21.56 9.70 6.09 8.31
up ICICI Bank Financial 23.80 6.63 0.00 6.37
down Reliance Industries Energy 33.76 6.44 0.00 6.16
equal Hindustan Unilever FMCG 79.22 4.96 0.00 4.93
equal Bharti Airtel Communication -- 4.50 0.00 4.28
down Infosys Technology 21.33 4.17 0.00 3.96
equal Tata Consultancy Services Technology 26.81 3.42 0.00 3.32
equal Larsen & Toubro Construction 13.44 3.76 0.00 3.00
down Kotak Mahindra Bank Financial 29.87 5.26 0.00 2.96
down HDFC Financial 14.65 4.09 0.00 2.74
equal Honeywell Automation Engineering 51.16 3.56 0.00 2.66
equal BPCL Energy 26.45 2.49 0.00 2.49
equal Axis Bank Financial 67.04 2.28 0.00 2.02
equal SKF India Engineering 27.71 2.52 0.00 1.92
equal Gujarat State Petronet Energy 6.79 1.92 0.00 1.92
equal State Bank of India Financial 8.43 5.82 0.00 1.88
down HCL Technologies Technology 15.11 2.18 0.00 1.87
equal Britannia Inds. FMCG 64.44 1.96 0.00 1.76
equal Nestle India FMCG 80.23 2.76 0.00 1.64
equal Divi's Laboratories Healthcare 43.06 1.81 0.00 1.62
equal Max Financial Services Financial 100.82 4.39 0.00 1.59
down Maruti Suzuki India Automobile 31.02 5.31 0.00 1.55
up Bharat Electronics Engineering 12.88 1.48 0.00 1.48
equal Ultratech Cement Construction 18.98 2.04 0.00 1.45
equal Pfizer Healthcare 37.64 2.57 0.00 1.34

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-Jun-2020

Fund Manager

— Srinivasan Ramamurthy since 20-Jan-2020

Education: Mr. Ramamurthy is an engineer by qualification from Jadavpur University and has done his MBA from IIM - Calcutta.

Experience: Prior to joining Mahindra Mutual Fund, he has worked with IDBI Federal Life Insurance, IIFL Capital Limited, Maybank Kim Eng, Credit Suisse and KPMG Advisory.

Funds Managed:


-1.17%

Change from previous, NAV as on 14-Jul-2020

Growth: ₹ 10.4366

Dividend: ₹ 9.5804


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
Exit Load 0

Basic Details

Fund House: Mahindra Manulife Mutual Fund
Launch Date: 18-Oct-2016
Return Since Launch: 1.15%
Benchmark: NIFTY 200 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 282 Cr (As on 30-Jun-2020)
Expense: 2.38% (As on 31-May-2020)
Risk Grade: Above Average
Return Grade: Below Average
Turnover: 79.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend10-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

Upcoming Video

Value Investing

Evaluating Covid-affected financials of India Inc

dateFriday, 17-Jul-2020
time12:30 PM - 01:00 PM