Mahindra Manulife Equity Savings Fund Direct Growth
HybridEquity SavingsModerately High risk
Direct
NAV (06-Sep-24)
₹22.97-0.47%1D
Returns (Since Inception)
11.50%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹544 Cr
Expense Ratio
0.72%
ISIN
INF174V01184
Minimum SIP
₹1,000
Exit Load
1.00%
Inception Date
01 Feb 2017
About this fund
Mahindra Manulife Equity Savings Fund Direct Growth is a Equity Savings mutual fund schemes offered by Mahindra Manulife Mutual Fund. This fund has been in existence for 7 years, 7 months and 7 days, having been launched on 01-Feb-17.
As of 06-Sep-24, it has a Net Asset Value (NAV) of ₹22.97, Assets Under Management (AUM) of 543.63 Crores, and an expense ratio of 0.72%.
As of 06-Sep-24, it has a Net Asset Value (NAV) of ₹22.97, Assets Under Management (AUM) of 543.63 Crores, and an expense ratio of 0.72%.
- Mahindra Manulife Equity Savings Fund Direct Growth has given a CAGR return of 11.50% since inception.
- The fund's asset allocation comprises around 32.54% in equities, 24.59% in debts, and 42.87% in cash & cash equivalents.
- You can start investing in Mahindra Manulife Equity Savings Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹1000.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+17.64%
+15.69% (Cat Avg.)
3 Years
+11.08%
+9.44% (Cat Avg.)
5 Years
+14.38%
+10.88% (Cat Avg.)
Since Inception
+11.50%
— (Cat Avg.)
Portfolio Summaryas of 31st August 2024
| Equity | ₹176.91 Cr | 32.54% |
| Debt | ₹133.68 Cr | 24.59% |
| Others | ₹233.04 Cr | 42.87% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Net Receivables / (Payables) | Cash | ₹189.45 Cr | 34.85% |
| Future on Ambuja Cements Ltd | Equity - Future | ₹-33.57 Cr | 6.18% |
| Ambuja Cements Ltd | Equity | ₹33.32 Cr | 6.13% |
| Reliance Industries Ltd | Equity | ₹19.6 Cr | 3.60% |
| Future on Bajaj Finance Ltd | Equity - Future | ₹-18.3 Cr | 3.37% |
| Bajaj Finance Ltd | Equity | ₹18.18 Cr | 3.34% |
| 7.32% Govt Stock 2030 | Bond - Gov't/Treasury | ₹17.93 Cr | 3.30% |
| ICICI Bank Ltd | Equity | ₹17.73 Cr | 3.26% |
| ITC Ltd | Equity | ₹17.36 Cr | 3.19% |
| HDFC Bank Ltd | Equity | ₹16.5 Cr | 3.04% |
| Reliance Industries Limited September 2024 Future | Equity - Future | ₹-14.74 Cr | 2.71% |
| Brookfield India Real Estate Trust | Bond - Asset Backed | ₹14.47 Cr | 2.66% |
| Sun Pharmaceuticals Industries Ltd | Equity | ₹14.43 Cr | 2.65% |
| 364 DTB 17102024 | Bond - Gov't/Treasury | ₹13.88 Cr | 2.55% |
| Itc Limited September 2024 Future | Equity - Future | ₹-12.85 Cr | 2.36% |
| Tech Mahindra Ltd | Equity | ₹11.93 Cr | 2.19% |
| 7.1% Govt Stock 2034 | Bond - Gov't/Treasury | ₹11.69 Cr | 2.15% |
| Icici Bank Limited September 2024 Future | Equity - Future | ₹-11.34 Cr | 2.09% |
| Hdfc Bank Limited September 2024 Future | Equity - Future | ₹-10.58 Cr | 1.95% |
| Kotak Mahindra Investments Limited 8.3721% | Bond - Corporate Bond | ₹10.07 Cr | 1.85% |
| Godrej Industries Limited | Bond - Corporate Bond | ₹10.02 Cr | 1.84% |
| India (Republic of) | Bond - Short-term Government Bills | ₹9.97 Cr | 1.83% |
| Future on Sun Pharmaceuticals Industries Ltd | Equity - Future | ₹-9.88 Cr | 1.82% |
| Triparty Repo | Cash - Repurchase Agreement | ₹9.87 Cr | 1.82% |
| 364 DTB 14112024 | Bond - Gov't/Treasury | ₹9.87 Cr | 1.82% |
| Hindustan Unilever Ltd | Equity | ₹8.86 Cr | 1.63% |
| NTPC Ltd | Equity | ₹8.74 Cr | 1.61% |
| IndusInd Bank Ltd | Equity | ₹8.59 Cr | 1.58% |
| Infosys Ltd | Equity | ₹8.53 Cr | 1.57% |
| Future on Canara Bank | Equity - Future | ₹-8.47 Cr | 1.56% |
| Canara Bank | Equity | ₹8.43 Cr | 1.55% |
| Hindalco Industries Ltd | Equity | ₹7.76 Cr | 1.43% |
| Future on Jindal Steel & Power Ltd | Equity - Future | ₹-7.25 Cr | 1.33% |
| Jindal Steel & Power Ltd | Equity | ₹7.22 Cr | 1.33% |
| Kotak Mahindra Bank Ltd | Equity | ₹7.05 Cr | 1.30% |
| Future on Hindustan Unilever Ltd | Equity - Future | ₹-6.96 Cr | 1.28% |
| Future on Tech Mahindra Ltd | Equity - Future | ₹-6.72 Cr | 1.24% |
| Larsen & Toubro Ltd | Equity | ₹6.71 Cr | 1.23% |
| Coal India Ltd | Equity | ₹6.14 Cr | 1.13% |
| GAIL (India) Ltd | Equity | ₹5.89 Cr | 1.08% |
| Tata Motors Finance Limited | Bond - Corporate Bond | ₹5.87 Cr | 1.08% |
| Divi's Laboratories Ltd | Equity | ₹5.85 Cr | 1.08% |
| LTIMindtree Ltd | Equity | ₹5.82 Cr | 1.07% |
| Tata Consumer Products Ltd | Equity | ₹5.67 Cr | 1.04% |
| Future on Hindalco Industries Ltd | Equity - Future | ₹-5.64 Cr | 1.04% |
| State Bank of India | Equity | ₹5.61 Cr | 1.03% |
| Grasim Industries Ltd | Equity | ₹5.48 Cr | 1.01% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹5.12 Cr | 0.94% |
| Bharti Telecom Limited | Bond - Corporate Bond | ₹5.04 Cr | 0.93% |
| Kotak Mahindra Prime Ltd. 8.23% | Bond - Corporate Bond | ₹5.01 Cr | 0.92% |
| Bharti Telecom Limited | Bond - Corporate Bond | ₹5.01 Cr | 0.92% |
| Shriram Finance Limited | Bond - Corporate Bond | ₹5.01 Cr | 0.92% |
| Embassy Office Parks Reit | Bond - Corporate Bond | ₹4.99 Cr | 0.92% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹4.98 Cr | 0.92% |
| 364 DTB 26122024 | Bond - Gov't/Treasury | ₹4.9 Cr | 0.90% |
| Shree Cement Ltd | Equity | ₹4.64 Cr | 0.85% |
| L.G.Balakrishnan & Bros Ltd | Equity | ₹4.51 Cr | 0.83% |
| SBI Life Insurance Company Limited | Equity | ₹4.39 Cr | 0.81% |
| Future on Havells India Ltd | Equity - Future | ₹-4.21 Cr | 0.77% |
| Havells India Ltd | Equity | ₹4.18 Cr | 0.77% |
| Tata Steel Ltd | Equity | ₹3.99 Cr | 0.73% |
| Godrej Properties Limited | Bond - Corporate Bond | ₹3.99 Cr | 0.73% |
| Aditya Vision Ltd | Equity | ₹3.97 Cr | 0.73% |
| Asahi India Glass Ltd | Equity | ₹3.96 Cr | 0.73% |
| Future on Larsen & Toubro Ltd | Equity - Future | ₹-3.91 Cr | 0.72% |
| Future on Kotak Mahindra Bank Ltd | Equity - Future | ₹-3.87 Cr | 0.71% |
| L&T Finance Ltd | Equity | ₹3.85 Cr | 0.71% |
| Nitin Spinners Ltd | Equity | ₹3.71 Cr | 0.68% |
| Coromandel International Ltd | Equity | ₹3.64 Cr | 0.67% |
| Persistent Systems Ltd | Equity | ₹3.6 Cr | 0.66% |
| 7.18% Govt Stock 2037 | Bond - Gov't/Treasury | ₹3.58 Cr | 0.66% |
| Tata Motors Ltd | Equity | ₹3.58 Cr | 0.66% |
| Future on Mahindra & Mahindra Ltd | Equity - Future | ₹-3.56 Cr | 0.65% |
| Mahindra & Mahindra Ltd | Equity | ₹3.53 Cr | 0.65% |
| Godrej Industries Limited | Bond - Corporate Bond | ₹3.51 Cr | 0.65% |
| Dabur India Ltd | Equity | ₹3.5 Cr | 0.64% |
| Future on Coal India Ltd | Equity - Future | ₹-3.43 Cr | 0.63% |
| Indus Towers Ltd Ordinary Shares | Equity | ₹3.09 Cr | 0.57% |
| Muthoot Finance Limited | Bond - Corporate Bond | ₹3.01 Cr | 0.55% |
| Voltas Ltd | Equity | ₹3 Cr | 0.55% |
| Triveni Engineering & Industries Ltd | Equity | ₹2.97 Cr | 0.55% |
| Infosys Limited September 2024 Future | Equity - Future | ₹-2.58 Cr | 0.48% |
| INOX India Ltd | Equity | ₹2.56 Cr | 0.47% |
| Escorts Kubota Ltd | Equity | ₹2.51 Cr | 0.46% |
| TVS Credit Services Limited | Bond - Corporate Bond | ₹2.5 Cr | 0.46% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹2.5 Cr | 0.46% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹2.49 Cr | 0.46% |
| KEI Industries Ltd | Equity | ₹2.4 Cr | 0.44% |
| REC Ltd | Equity | ₹2.37 Cr | 0.44% |
| CESC Ltd | Equity | ₹2.27 Cr | 0.42% |
| Jyothy Labs Ltd | Equity | ₹2.21 Cr | 0.41% |
| Syrma SGS Technology Ltd | Equity | ₹2.19 Cr | 0.40% |
| Archean Chemical Industries Ltd | Equity | ₹2.15 Cr | 0.39% |
| Future on Wipro Ltd | Equity - Future | ₹-2.11 Cr | 0.39% |
| Wipro Ltd | Equity | ₹2.1 Cr | 0.39% |
| Cyient Ltd | Equity | ₹2.1 Cr | 0.39% |
| Future on IndusInd Bank Ltd | Equity - Future | ₹-2.01 Cr | 0.37% |
| Power Finance Corporation Ltd. | Bond - Corporate Bond | ₹1.98 Cr | 0.37% |
| Bharat Petroleum Corp Ltd | Equity | ₹1.97 Cr | 0.36% |
| Future on NTPC Ltd | Equity - Future | ₹-1.95 Cr | 0.36% |
| Technocraft Industries (India) Ltd | Equity | ₹1.89 Cr | 0.35% |
| JK Cement Ltd | Equity | ₹1.88 Cr | 0.34% |
| Future on Tata Steel Ltd | Equity - Future | ₹-1.86 Cr | 0.34% |
| Oil & Natural Gas Corp Ltd | Equity | ₹1.65 Cr | 0.30% |
| Petronet LNG Ltd | Equity | ₹1.65 Cr | 0.30% |
| Future on GAIL (India) Ltd | Equity - Future | ₹-1.64 Cr | 0.30% |
| Future on Persistent Systems Ltd | Equity - Future | ₹-1.35 Cr | 0.25% |
| Future on Grasim Industries Ltd | Equity - Future | ₹-1.02 Cr | 0.19% |
| Future on SBI Life Insurance Company Limited | Equity - Future | ₹-0.84 Cr | 0.15% |
| Grasim Industries Ltd Ordinary Shares (Partly Paid Rs.1) | Equity | ₹0.12 Cr | 0.02% |
Allocation By Market Cap (Equity)
Large Cap Stocks
58.26%
Mid Cap Stocks
8.17%
Small Cap Stocks
1.60%
Allocation By Credit Quality (Debt)
AAA
AA
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹92.71 Cr | 17.05% |
| Basic Materials | ₹70.18 Cr | 12.91% |
| Consumer Defensive | ₹40.58 Cr | 7.46% |
| Technology | ₹34.18 Cr | 6.29% |
| Energy | ₹31.01 Cr | 5.70% |
| Industrials | ₹25.34 Cr | 4.66% |
| Consumer Cyclical | ₹23.27 Cr | 4.28% |
| Healthcare | ₹20.28 Cr | 3.73% |
| Utilities | ₹16.91 Cr | 3.11% |
| Communication Services | ₹3.09 Cr | 0.57% |
Risk & Performance Ratios
Standard Deviation
This fund
5.81%
Cat. avg.
4.43%
Lower the better
Sharpe Ratio
This fund
0.92
Cat. avg.
0.83
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
1.59
Higher the better
Fund Managers
RP
Rahul Pal
Since February 2017
ML
Manish Lodha
Since December 2020
RR
Renjith Radhakrishnan
Since July 2023
PP
Pranav Patel
Since January 2024
Additional Scheme Detailsas of 31st August 2024
ISIN | INF174V01184 | Expense Ratio | 0.72% | Exit Load | 1.00% | Fund Size | ₹544 Cr | Age | 01 Feb 2017 | Lumpsum Minimum | ₹1,000 | Fund Status | Open Ended Investment Company | Benchmark | NIFTY Equity Savings TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
- If units are sold after 1 year from the date of investment: Gains up to INR 1.25 lakh in a financial year are exempt from tax. Any gains exceeding INR 1.25 lakh are taxed at a rate of 12.5%.
- If units are sold within 1 year from the date of investment: The entire amount of gain is taxed at a rate of 20%.
- Holding the units: No tax is applicable as long as you continue to hold the units.
Dividend Taxation:
Dividends are added to the investor’s income and taxed according to their respective tax slabs. Additionally, if an investors dividend income exceeds INR 5,000 in a financial year, the fund house deducts a 10% Tax Deducted at Source (TDS) before distributing the dividend.
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Equity Savings Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Kotak Equity Savings Fund Direct Growth Moderate Risk | 0.7% | 1.0% | ₹6540.74 Cr | 22.0% |
| Kotak Equity Savings Fund Regular Growth Moderate Risk | 1.8% | 1.0% | ₹6540.74 Cr | 20.7% |
| Edelweiss Equity Savings Fund Regular Growth Moderate Risk | 1.6% | 0.0% | ₹450.33 Cr | 17.1% |
| Edelweiss Equity Savings Fund Direct Growth Moderate Risk | 0.6% | 0.0% | ₹450.33 Cr | 18.3% |
| Baroda BNP Paribas Equity Savings Fund Regular Growth Moderate Risk | 2.5% | 1.0% | ₹610.16 Cr | 16.6% |
| Baroda BNP Paribas Equity Savings Fund Direct Growth Moderate Risk | 1.5% | 1.0% | ₹610.16 Cr | 17.8% |
| Tata Equity Savings Fund Regular Growth Low to Moderate Risk | 1.1% | 0.0% | ₹157.95 Cr | 15.7% |
| Bandhan Equity Savings Fund Regular Growth Low to Moderate Risk | 1.4% | 0.0% | ₹136.00 Cr | 10.2% |
| PGIM India Equity Savings Fund Regular Growth Low to Moderate Risk | 1.3% | 0.0% | ₹94.20 Cr | 9.6% |
| Sundaram Equity Savings Fund Regular Growth Moderate Risk | 2.2% | 0.0% | ₹881.56 Cr | 18.1% |
About the AMC
Total AUM
₹18,043 Cr
Address
570 P. B. Marg, Worli, Mumbai 400018, Mumbai, 400018
Other Funds by Mahindra Manulife Mutual Fund
Risk Level
Your principal amount will be at Moderately High risk
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What is the current NAV of Mahindra Manulife Equity Savings Fund Direct Growth?
The NAV of Mahindra Manulife Equity Savings Fund Direct Growth, as of 06-Sep-2024, is ₹22.97.
What are the returns of Mahindra Manulife Equity Savings Fund Direct Growth?
The fund has generated 17.64% over the last 1 year and 11.08% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
What is the portfolio composition of Mahindra Manulife Equity Savings Fund Direct Growth?
The fund's allocation of assets is distributed as 32.54% in equities, 24.59% in bonds, and 42.87% in cash and cash equivalents.
Who manages the Mahindra Manulife Equity Savings Fund Direct Growth?
The fund managers responsible for Mahindra Manulife Equity Savings Fund Direct Growth are:-
- Rahul Pal
- Manish Lodha
- Renjith Radhakrishnan
- Pranav Patel
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
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Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.