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3 star

Mahindra Manulife ELSS Kar Bachat Yojana - Direct Plan


Equity: ELSS

1 Lakh

Investment Grown to
₹ 1.86 Lakh

₹ 10000

Monthly SIP Grown to
₹ 5.87 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 5.08 0.20 1.69 8.37 2.40 16.39 43.32 23.07 16.19 -- --
S&P BSE 500 TRI 4.93 0.05 2.50 4.68 -0.18 15.47 31.73 21.76 18.38 -- --
Equity: ELSS 4.98 0.31 1.79 7.39 0.97 14.65 34.63 21.92 18.13 -- --
Rank within category 18 27 23 7 8 11 3 14 24 -- --
Number of funds in category 37 37 37 37 37 37 37 34 33 28 1

As on 17-Jan-2022

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 - Direct Plan
3 star
Oct-16 43.32 23.07 16.19 0.74% 429
Axis Long Term Equity Fund - Direct Plan
4 star
Jan-13 28.85 23.73 20.98 0.74% 33,785
Mirae Asset Tax Saver Fund - Direct Plan  | Invest Online
5 star
Dec-15 37.25 27.32 23.91 0.43% 10,660
DSP Tax Saver Fund - Direct Plan  | Invest Online
4 star
Jan-13 36.90 24.71 19.11 0.87% 9,636
IDFC Tax Advantage (ELSS) Fund - Direct Plan
4 star
Jan-13 50.20 26.29 21.76 0.70% 3,533

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 9.58 24-Mar-2020 - 31-Mar-2020 -18.13 16-Mar-2020 - 23-Mar-2020
Month 19.45 23-Mar-2020 - 22-Apr-2020 -34.72 20-Feb-2020 - 23-Mar-2020
Quarter 30.70 23-Mar-2020 - 22-Jun-2020 -34.05 23-Dec-2019 - 23-Mar-2020
Year 95.01 23-Mar-2020 - 23-Mar-2021 -29.94 22-Mar-2019 - 23-Mar-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 21.08 21.17 0.82 0.92 0.95 1.69
S&P BSE 500 TRI 20.28 21.92 0.75 0.85 -- --
Equity: ELSS 20.43 21.50 0.78 0.83 0.95 0.94
Rank within category 15 15 15 11 15 16
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 31-Dec-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 53
Top 10 Stocks (%) 48.43
Top 5 Stocks (%) 34.48
Top 3 Sectors (%) 48.83
Portfolio P/B Ratio 4.05
Portfolio P/E Ratio 29.48

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,72,093 1,38,142
Giant (%) 58.52 54.34
Large (%) 21.10 14.65
Mid (%) 13.19 24.51
Small (%) 7.19 6.65
Tiny (%) -- 0.25

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
up ICICI Bank Financial 26.94 8.67 0.00 8.67
down Infosys Technology 37.57 8.53 0.00 8.17
up HDFC Bank Financial 23.52 8.92 5.22 7.61
equal Reliance Industries Energy 32.62 8.46 3.20 6.66
up Kotak Mahindra Bank Financial 38.57 6.01 1.50 3.37
equal Larsen & Toubro Construction 32.50 3.62 1.43 3.36
equal Hindustan Unilever FMCG 66.26 4.96 0.00 3.17
equal Axis Bank Financial 22.25 3.28 0.00 2.69
down Tata Consultancy Services Technology 39.21 5.50 0.00 2.45
equal HCL Technologies Technology 30.07 2.75 0.00 2.28
up Bajaj Finance Financial 93.97 6.95 0.00 2.27
up Maruti Suzuki India Automobile 57.04 3.09 1.14 2.18
equal Dr. Reddy's Lab Healthcare 39.75 1.91 0.00 1.87
equal Divi's Laboratories Healthcare 56.40 2.16 0.00 1.79
equal Wipro Technology 28.66 1.69 0.00 1.69
up NTPC Energy 9.77 1.64 0.00 1.64
equal SBI Life Insurance Company Insurance 102.55 1.61 0.00 1.59
equal Ultratech Cement Construction 33.61 2.80 0.00 1.59
equal Trent Services 589.59 1.49 0.00 1.49
equal Astral Chemicals 95.30 1.49 0.00 1.45
equal Hindalco Inds. Metals 11.13 1.97 0.00 1.44
equal Bharat Electronics Engineering 22.15 1.64 0.00 1.32
down Gland Pharma Healthcare 54.08 1.72 0.00 1.26
equal Bajaj Auto Automobile 15.29 2.76 0.00 1.26
up Jindal Stainless Metals 8.76 1.54 0.00 1.24

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 31-Dec-2021

Fund Manager

— 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:


-1.12%

Change from previous, NAV as on 18-Jan-2022

Growth: ₹ 21.6947

IDCW: ₹ 18.2915


Investment Strategy

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

Investment Details

Min. Investment (₹) 500
Min. Addl Investment (₹) 500
Min. SIP Investment (₹) 500
Min. No of Cheques 6
Min. Withdrawal (₹) 500
Min. 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: 16.14%
Benchmark: NIFTY 500 TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 429 Cr (As on 31-Dec-2021)
Expense: 0.74% (As on 30-Nov-2021)
Risk Grade: Average
Return Grade: Average
Turnover: 107.00%

Most Recent Dividends

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

 26-Feb-20210.8000
 25-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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