Mahindra Manulife Equity Savings Fund Direct Growth
HybridEquity SavingsModerately High risk
Direct
NAV (17-May-24)
₹21.720.17%1D
Returns (Since Inception)
11.16%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹485 Cr
Expense Ratio
0.77%
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, 3 months and 19 days, having been launched on 01-Feb-17.
As of 17-May-24, it has a Net Asset Value (NAV) of ₹21.72, Assets Under Management (AUM) of 485.01 Crores, and an expense ratio of 0.77%.
As of 17-May-24, it has a Net Asset Value (NAV) of ₹21.72, Assets Under Management (AUM) of 485.01 Crores, and an expense ratio of 0.77%.
- Mahindra Manulife Equity Savings Fund Direct Growth has given a CAGR return of 11.16% since inception.
- The fund's asset allocation comprises around 35.38% in equities, 31.47% in debts, and 33.15% 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
+20.79%
+14.64% (Cat Avg.)
3 Years
+12.56%
+9.36% (Cat Avg.)
5 Years
+13.29%
+9.31% (Cat Avg.)
Since Inception
+11.16%
— (Cat Avg.)
Portfolio Summaryas of 30th April 2024
| Equity | ₹171.61 Cr | 35.38% |
| Debt | ₹152.62 Cr | 31.47% |
| Others | ₹160.78 Cr | 33.15% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Net Receivables / (Payables) | Cash | ₹144.69 Cr | 29.83% |
| Future on Ambuja Cements Ltd | Equity - Future | ₹-33.61 Cr | 6.93% |
| Ambuja Cements Ltd | Equity | ₹33.47 Cr | 6.90% |
| 7.32% Govt Stock 2030 | Bond - Gov't/Treasury | ₹17.61 Cr | 3.63% |
| Reliance Industries Ltd | Equity | ₹16.99 Cr | 3.50% |
| ICICI Bank Ltd | Equity | ₹16.59 Cr | 3.42% |
| HDFC Bank Ltd | Equity | ₹15.33 Cr | 3.16% |
| Future on Bajaj Finance Ltd | Equity - Future | ₹-14.98 Cr | 3.09% |
| Bajaj Finance Ltd | Equity | ₹14.89 Cr | 3.07% |
| 364 DTB 17102024 | Bond - Gov't/Treasury | ₹13.56 Cr | 2.80% |
| ITC Ltd | Equity | ₹13.41 Cr | 2.77% |
| Future on ICICI Bank Ltd | Equity - Future | ₹-12.4 Cr | 2.56% |
| Brookfield India Real Estate Trust | Bond - Asset Backed | ₹12.12 Cr | 2.50% |
| Sun Pharmaceuticals Industries Ltd | Equity | ₹11.9 Cr | 2.45% |
| Future on ITC Ltd | Equity - Future | ₹-11.13 Cr | 2.29% |
| Triparty Repo | Cash - Repurchase Agreement | ₹11.09 Cr | 2.29% |
| Kotak Mahindra Investments Limited 8.3721% | Bond - Corporate Bond | ₹10.06 Cr | 2.07% |
| Godrej Industries Limited | Bond - Corporate Bond | ₹9.98 Cr | 2.06% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹9.94 Cr | 2.05% |
| Hdfc Bank Limited May 2024 Future | Equity - Future | ₹-9.74 Cr | 2.01% |
| India (Republic of) | Bond - Short-term Government Bills | ₹9.74 Cr | 2.01% |
| 364 DTB 14112024 | Bond - Gov't/Treasury | ₹9.63 Cr | 1.99% |
| Future on Canara Bank | Equity - Future | ₹-9.48 Cr | 1.95% |
| Canara Bank | Equity | ₹9.4 Cr | 1.94% |
| Tech Mahindra Ltd | Equity | ₹9.21 Cr | 1.90% |
| IndusInd Bank Ltd | Equity | ₹9.14 Cr | 1.88% |
| 7.18% Govt Stock 2033 | Bond - Gov't/Treasury | ₹8.99 Cr | 1.85% |
| Future on Reliance Industries Ltd | Equity - Future | ₹-8.79 Cr | 1.81% |
| Future on Sun Pharmaceuticals Industries Ltd | Equity - Future | ₹-8.16 Cr | 1.68% |
| Larsen & Toubro Ltd | Equity | ₹7.94 Cr | 1.64% |
| NTPC Ltd | Equity | ₹7.63 Cr | 1.57% |
| Future on Jindal Steel & Power Ltd | Equity - Future | ₹-6.53 Cr | 1.35% |
| Jindal Steel & Power Ltd | Equity | ₹6.51 Cr | 1.34% |
| Kotak Mahindra Bank Ltd | Equity | ₹6.43 Cr | 1.33% |
| Infosys Ltd | Equity | ₹6.24 Cr | 1.29% |
| Tata Motors Finance Limited | Bond - Corporate Bond | ₹5.64 Cr | 1.16% |
| Future on Hindustan Unilever Ltd | Equity - Future | ₹-5.59 Cr | 1.15% |
| Hindustan Unilever Ltd | Equity | ₹5.55 Cr | 1.15% |
| Coal India Ltd | Equity | ₹5.31 Cr | 1.10% |
| Tech Mahindra Limited May 2024 Future | Equity - Future | ₹-5.19 Cr | 1.07% |
| GAIL (India) Ltd | Equity | ₹5.19 Cr | 1.07% |
| Hindalco Industries Ltd | Equity | ₹5.14 Cr | 1.06% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹5.1 Cr | 1.05% |
| Shriram Finance Limited | Bond - Corporate Bond | ₹5.03 Cr | 1.04% |
| Bharti Telecom Limited | Bond - Corporate Bond | ₹5.02 Cr | 1.03% |
| Kotak Mahindra Prime Ltd. 8.23% | Bond - Corporate Bond | ₹5.01 Cr | 1.03% |
| Bharti Telecom Limited | Bond - Corporate Bond | ₹5 Cr | 1.03% |
| Mindspace Business Parks Reit | Bond - Corporate Bond | ₹5 Cr | 1.03% |
| Embassy Office Parks Reit | Bond - Corporate Bond | ₹4.99 Cr | 1.03% |
| Tata Consumer Products Ltd | Equity | ₹4.99 Cr | 1.03% |
| Grasim Industries Ltd | Equity | ₹4.9 Cr | 1.01% |
| 364 DTB 26122024 | Bond - Gov't/Treasury | ₹4.78 Cr | 0.99% |
| Divi's Laboratories Ltd | Equity | ₹4.6 Cr | 0.95% |
| Tata Motors Ltd Class A | Equity | ₹4.5 Cr | 0.93% |
| LTIMindtree Ltd | Equity | ₹4.45 Cr | 0.92% |
| Shree Cement Ltd | Equity | ₹4.45 Cr | 0.92% |
| L.G.Balakrishnan & Bros Ltd | Equity | ₹4.19 Cr | 0.86% |
| State Bank of India | Equity | ₹4.03 Cr | 0.83% |
| L&T Finance Ltd | Equity | ₹3.79 Cr | 0.78% |
| Asahi India Glass Ltd | Equity | ₹3.76 Cr | 0.78% |
| REC Ltd | Equity | ₹3.72 Cr | 0.77% |
| Havells India Ltd | Equity | ₹3.69 Cr | 0.76% |
| Nitin Spinners Ltd | Equity | ₹3.63 Cr | 0.75% |
| Future on Kotak Mahindra Bank Ltd | Equity - Future | ₹-3.53 Cr | 0.73% |
| 7.18% Govt Stock 2037 | Bond - Gov't/Treasury | ₹3.48 Cr | 0.72% |
| SBI Life Insurance Company Limited | Equity | ₹3.4 Cr | 0.70% |
| Sanghvi Movers Ltd | Equity | ₹3.18 Cr | 0.66% |
| Future on Hindalco Industries Ltd | Equity - Future | ₹-3.18 Cr | 0.66% |
| Bharat Forge Ltd | Equity | ₹3.02 Cr | 0.62% |
| INOX India Ltd | Equity | ₹2.94 Cr | 0.61% |
| Aditya Vision Ltd | Equity | ₹2.84 Cr | 0.59% |
| Dabur India Ltd | Equity | ₹2.79 Cr | 0.58% |
| Future on Mahindra & Mahindra Ltd | Equity - Future | ₹-2.73 Cr | 0.56% |
| Mahindra & Mahindra Ltd | Equity | ₹2.72 Cr | 0.56% |
| TD Power Systems Ltd | Equity | ₹2.59 Cr | 0.53% |
| Voltas Ltd | Equity | ₹2.54 Cr | 0.52% |
| Indus Towers Ltd Ordinary Shares | Equity | ₹2.49 Cr | 0.51% |
| TVS Credit Services Limited | Bond - Corporate Bond | ₹2.48 Cr | 0.51% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹2.48 Cr | 0.51% |
| Syrma SGS Technology Ltd | Equity | ₹2.44 Cr | 0.50% |
| ICICI Securities Ltd | Equity | ₹2.41 Cr | 0.50% |
| Persistent Systems Ltd | Equity | ₹2.35 Cr | 0.48% |
| Tata Steel Ltd | Equity | ₹2.31 Cr | 0.48% |
| Triveni Engineering & Industries Ltd | Equity | ₹2.26 Cr | 0.47% |
| CESC Ltd | Equity | ₹2.24 Cr | 0.46% |
| Escorts Kubota Ltd | Equity | ₹2.19 Cr | 0.45% |
| Future on IndusInd Bank Ltd | Equity - Future | ₹-2.14 Cr | 0.44% |
| Future on LTIMindtree Ltd | Equity - Future | ₹-2.13 Cr | 0.44% |
| KEI Industries Ltd | Equity | ₹2.08 Cr | 0.43% |
| Coromandel International Ltd | Equity | ₹2.02 Cr | 0.42% |
| Power Finance Corporation Ltd. | Bond - Corporate Bond | ₹1.98 Cr | 0.41% |
| Infosys Limited May 2024 Future | Equity - Future | ₹-1.89 Cr | 0.39% |
| Archean Chemical Industries Ltd | Equity | ₹1.89 Cr | 0.39% |
| Wipro Ltd | Equity | ₹1.81 Cr | 0.37% |
| JK Cement Ltd | Equity | ₹1.68 Cr | 0.35% |
| Cyient Ltd | Equity | ₹1.64 Cr | 0.34% |
| Future on NTPC Ltd | Equity - Future | ₹-1.09 Cr | 0.23% |
| Future on Larsen & Toubro Ltd | Equity - Future | ₹-1.09 Cr | 0.22% |
| Future on Coal India Ltd | Equity - Future | ₹-0.96 Cr | 0.20% |
| Future on Grasim Industries Ltd | Equity - Future | ₹-0.92 Cr | 0.19% |
| Grasim Industries Ltd Ordinary Shares (Partly Paid Rs.0.50) | Equity | ₹0.08 Cr | 0.02% |
Allocation By Market Cap (Equity)
Large Cap Stocks
59.98%
Mid Cap Stocks
6.45%
Small Cap Stocks
1.60%
Allocation By Credit Quality (Debt)
AAA
AA
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹89.13 Cr | 18.38% |
| Basic Materials | ₹62.44 Cr | 12.87% |
| Consumer Defensive | ₹29.01 Cr | 5.98% |
| Industrials | ₹28.81 Cr | 5.94% |
| Technology | ₹26.5 Cr | 5.46% |
| Consumer Cyclical | ₹24.66 Cr | 5.08% |
| Energy | ₹22.31 Cr | 4.60% |
| Healthcare | ₹16.49 Cr | 3.40% |
| Utilities | ₹15.05 Cr | 3.10% |
| Communication Services | ₹2.49 Cr | 0.51% |
Risk & Performance Ratios
Standard Deviation
This fund
6.04%
Cat. avg.
4.70%
Lower the better
Sharpe Ratio
This fund
1.17
Cat. avg.
0.86
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
1.70
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 30th April 2024
| ISIN | INF174V01184 | Expense Ratio | 0.77% | Exit Load | 1.00% | Fund Size | ₹485 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
Withdrawal within 1 year
Flat 15% tax on realised gains (STCG - short term capital gains)
Withdrawal after 1 year
10% tax on realised gains above Rs. 1 lakh per financial year (LTCG - long term capital gains)
Note: Mutual funds are subject to capital gains taxation with surcharge and cess, based on prevailing income tax rules and investor income. Taxation applies 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% | ₹5132.18 Cr | 20.4% |
| Kotak Equity Savings Fund Regular Growth Moderate Risk | 1.9% | 1.0% | ₹5132.18 Cr | 19.2% |
| Edelweiss Equity Savings Fund Regular Growth Moderate Risk | 1.6% | 0.0% | ₹389.20 Cr | 16.2% |
| Edelweiss Equity Savings Fund Direct Growth Moderate Risk | 0.6% | 0.0% | ₹389.20 Cr | 17.4% |
| Baroda BNP Paribas Equity Savings Fund Regular Growth Moderately High risk | 2.5% | 1.0% | ₹433.01 Cr | 15.6% |
| Baroda BNP Paribas Equity Savings Fund Direct Growth Moderately High risk | 1.5% | 1.0% | ₹433.01 Cr | 16.7% |
| Tata Equity Savings Fund Regular Growth Moderately High risk | 1.1% | 0.0% | ₹141.56 Cr | 15.8% |
| Bandhan Equity Savings Fund Regular Growth Moderate Risk | 1.4% | 0.0% | ₹113.46 Cr | 10.4% |
| PGIM India Equity Savings Fund Regular Growth Low to Moderate Risk | 1.3% | 0.0% | ₹91.25 Cr | 8.9% |
| Sundaram Equity Savings Fund Regular Growth Moderate Risk | 2.2% | 0.0% | ₹815.59 Cr | 19.1% |
About the AMC
Total AUM
₹13,599 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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Still got questions?
We're here to help.
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 17-May-2024, is ₹21.72.
What are the returns of Mahindra Manulife Equity Savings Fund Direct Growth?
The fund has generated 20.79% over the last 1 year and 12.56% 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 35.38% in equities, 31.47% in bonds, and 33.15% 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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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.
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.