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Fund Overview

Fund Size

Fund Size

₹485 Cr

Expense Ratio

Expense Ratio

0.77%

ISIN

ISIN

INF174V01184

Minimum SIP

Minimum SIP

₹1,000

Exit Load

Exit Load

1.00%

Inception Date

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 17 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%.
  • 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%

+14.27% (Cat Avg.)

3 Years

+12.56%

+9.49% (Cat Avg.)

5 Years

+13.29%

+9.36% (Cat Avg.)

Since Inception

+11.16%

(Cat Avg.)

Portfolio Summaryas of 30th April 2024

Equity171.61 Cr35.38%
Debt152.62 Cr31.47%
Others160.78 Cr33.15%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
Net Receivables / (Payables)Cash144.69 Cr29.83%
Future on Ambuja Cements LtdEquity - Future-33.61 Cr6.93%
Ambuja Cements LtdEquity33.47 Cr6.90%
7.32% Govt Stock 2030Bond - Gov't/Treasury17.61 Cr3.63%
Reliance Industries LtdEquity16.99 Cr3.50%
ICICI Bank LtdEquity16.59 Cr3.42%
HDFC Bank LtdEquity15.33 Cr3.16%
Future on Bajaj Finance LtdEquity - Future-14.98 Cr3.09%
Bajaj Finance LtdEquity14.89 Cr3.07%
364 DTB 17102024Bond - Gov't/Treasury13.56 Cr2.80%
ITC LtdEquity13.41 Cr2.77%
Future on ICICI Bank LtdEquity - Future-12.4 Cr2.56%
Brookfield India Real Estate TrustBond - Asset Backed12.12 Cr2.50%
Sun Pharmaceuticals Industries LtdEquity11.9 Cr2.45%
Future on ITC LtdEquity - Future-11.13 Cr2.29%
Triparty RepoCash - Repurchase Agreement11.09 Cr2.29%
Kotak Mahindra Investments Limited 8.3721%Bond - Corporate Bond10.06 Cr2.07%
Godrej Industries LimitedBond - Corporate Bond9.98 Cr2.06%
Small Industries Development Bank Of IndiaBond - Corporate Bond9.94 Cr2.05%
Hdfc Bank Limited May 2024 FutureEquity - Future-9.74 Cr2.01%
India (Republic of)Bond - Short-term Government Bills9.74 Cr2.01%
364 DTB 14112024Bond - Gov't/Treasury9.63 Cr1.99%
Future on Canara BankEquity - Future-9.48 Cr1.95%
Canara BankEquity9.4 Cr1.94%
Tech Mahindra LtdEquity9.21 Cr1.90%
IndusInd Bank LtdEquity9.14 Cr1.88%
7.18% Govt Stock 2033Bond - Gov't/Treasury8.99 Cr1.85%
Future on Reliance Industries LtdEquity - Future-8.79 Cr1.81%
Future on Sun Pharmaceuticals Industries LtdEquity - Future-8.16 Cr1.68%
Larsen & Toubro LtdEquity7.94 Cr1.64%
NTPC LtdEquity7.63 Cr1.57%
Future on Jindal Steel & Power LtdEquity - Future-6.53 Cr1.35%
Jindal Steel & Power LtdEquity6.51 Cr1.34%
Kotak Mahindra Bank LtdEquity6.43 Cr1.33%
Infosys LtdEquity6.24 Cr1.29%
Tata Motors Finance LimitedBond - Corporate Bond5.64 Cr1.16%
Future on Hindustan Unilever LtdEquity - Future-5.59 Cr1.15%
Hindustan Unilever LtdEquity5.55 Cr1.15%
Coal India LtdEquity5.31 Cr1.10%
Tech Mahindra Limited May 2024 FutureEquity - Future-5.19 Cr1.07%
GAIL (India) LtdEquity5.19 Cr1.07%
Hindalco Industries LtdEquity5.14 Cr1.06%
National Bank For Agriculture And Rural DevelopmentBond - Corporate Bond5.1 Cr1.05%
Shriram Finance LimitedBond - Corporate Bond5.03 Cr1.04%
Bharti Telecom LimitedBond - Corporate Bond5.02 Cr1.03%
Kotak Mahindra Prime Ltd. 8.23%Bond - Corporate Bond5.01 Cr1.03%
Bharti Telecom LimitedBond - Corporate Bond5 Cr1.03%
Mindspace Business Parks ReitBond - Corporate Bond5 Cr1.03%
Embassy Office Parks ReitBond - Corporate Bond4.99 Cr1.03%
Tata Consumer Products LtdEquity4.99 Cr1.03%
Grasim Industries LtdEquity4.9 Cr1.01%
364 DTB 26122024Bond - Gov't/Treasury4.78 Cr0.99%
Divi's Laboratories LtdEquity4.6 Cr0.95%
Tata Motors Ltd Class AEquity4.5 Cr0.93%
LTIMindtree LtdEquity4.45 Cr0.92%
Shree Cement LtdEquity4.45 Cr0.92%
L.G.Balakrishnan & Bros LtdEquity4.19 Cr0.86%
State Bank of IndiaEquity4.03 Cr0.83%
L&T Finance LtdEquity3.79 Cr0.78%
Asahi India Glass LtdEquity3.76 Cr0.78%
REC LtdEquity3.72 Cr0.77%
Havells India LtdEquity3.69 Cr0.76%
Nitin Spinners LtdEquity3.63 Cr0.75%
Future on Kotak Mahindra Bank LtdEquity - Future-3.53 Cr0.73%
7.18% Govt Stock 2037Bond - Gov't/Treasury3.48 Cr0.72%
SBI Life Insurance Company LimitedEquity3.4 Cr0.70%
Sanghvi Movers LtdEquity3.18 Cr0.66%
Future on Hindalco Industries LtdEquity - Future-3.18 Cr0.66%
Bharat Forge LtdEquity3.02 Cr0.62%
INOX India LtdEquity2.94 Cr0.61%
Aditya Vision LtdEquity2.84 Cr0.59%
Dabur India LtdEquity2.79 Cr0.58%
Future on Mahindra & Mahindra LtdEquity - Future-2.73 Cr0.56%
Mahindra & Mahindra LtdEquity2.72 Cr0.56%
TD Power Systems LtdEquity2.59 Cr0.53%
Voltas LtdEquity2.54 Cr0.52%
Indus Towers Ltd Ordinary SharesEquity2.49 Cr0.51%
TVS Credit Services LimitedBond - Corporate Bond2.48 Cr0.51%
National Bank For Agriculture And Rural DevelopmentBond - Corporate Bond2.48 Cr0.51%
Syrma SGS Technology LtdEquity2.44 Cr0.50%
ICICI Securities LtdEquity2.41 Cr0.50%
Persistent Systems LtdEquity2.35 Cr0.48%
Tata Steel LtdEquity2.31 Cr0.48%
Triveni Engineering & Industries LtdEquity2.26 Cr0.47%
CESC LtdEquity2.24 Cr0.46%
Escorts Kubota LtdEquity2.19 Cr0.45%
Future on IndusInd Bank LtdEquity - Future-2.14 Cr0.44%
Future on LTIMindtree LtdEquity - Future-2.13 Cr0.44%
KEI Industries LtdEquity2.08 Cr0.43%
Coromandel International LtdEquity2.02 Cr0.42%
Power Finance Corporation Ltd.Bond - Corporate Bond1.98 Cr0.41%
Infosys Limited May 2024 FutureEquity - Future-1.89 Cr0.39%
Archean Chemical Industries LtdEquity1.89 Cr0.39%
Wipro LtdEquity1.81 Cr0.37%
JK Cement LtdEquity1.68 Cr0.35%
Cyient LtdEquity1.64 Cr0.34%
Future on NTPC LtdEquity - Future-1.09 Cr0.23%
Future on Larsen & Toubro LtdEquity - Future-1.09 Cr0.22%
Future on Coal India LtdEquity - Future-0.96 Cr0.20%
Future on Grasim Industries LtdEquity - Future-0.92 Cr0.19%
Grasim Industries Ltd Ordinary Shares (Partly Paid Rs.0.50)Equity0.08 Cr0.02%

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

SectorAmount sortHoldings sort
Financial Services89.13 Cr18.38%
Basic Materials62.44 Cr12.87%
Consumer Defensive29.01 Cr5.98%
Industrials28.81 Cr5.94%
Technology26.5 Cr5.46%
Consumer Cyclical24.66 Cr5.08%
Energy22.31 Cr4.60%
Healthcare16.49 Cr3.40%
Utilities15.05 Cr3.10%
Communication Services2.49 Cr0.51%

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

ISININF174V01184Expense Ratio0.77%Exit Load1.00%Fund Size₹485 CrAge01 Feb 2017Lumpsum Minimum₹1,000Fund StatusOpen Ended Investment CompanyBenchmarkNIFTY Equity Savings TR INR

Investment ObjectiveInvestment 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 nameExpense RatioExit LoadFund size
1Y
Kotak Equity Savings Fund Direct Growth

Moderate Risk

0.7%1.0%₹5132.18 Cr20.4%
Kotak Equity Savings Fund Regular Growth

Moderate Risk

1.9%1.0%₹5132.18 Cr19.2%
Edelweiss Equity Savings Fund Regular Growth

Moderate Risk

1.6%0.0%₹389.20 Cr16.2%
Edelweiss Equity Savings Fund Direct Growth

Moderate Risk

0.6%0.0%₹389.20 Cr17.4%
Baroda BNP Paribas Equity Savings Fund Regular Growth

Moderately High risk

2.5%1.0%₹433.01 Cr15.6%
Baroda BNP Paribas Equity Savings Fund Direct Growth

Moderately High risk

1.5%1.0%₹433.01 Cr16.7%
Tata Equity Savings Fund Regular Growth

Moderately High risk

1.1%0.0%₹141.56 Cr15.3%
Bandhan Equity Savings Fund Regular Growth

Moderate Risk

1.4%0.0%₹113.46 Cr10.4%
PGIM India Equity Savings Fund Regular Growth

Low to Moderate Risk

1.3%0.0%₹91.25 Cr8.9%
Sundaram Equity Savings Fund Regular Growth

Moderate Risk

2.2%0.0%₹815.59 Cr19.1%

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

Fund nameExpense RatioExit LoadFund size
1Y
Mahindra Manulife Business Cycle Fund Direct Growth

Very High Risk

0.5%1.0%₹826.97 Cr-
Mahindra Manulife Large Cap Fund Direct Growth

Very High Risk

0.7%1.0%₹448.64 Cr34.5%
Mahindra Manulife Liquid Fund Direct Growth

Moderate Risk

0.1%0.0%₹1061.93 Cr7.4%
Mahindra Manulife ELSS Fund Direct Growth

Very High Risk

0.6%0.0%₹858.41 Cr34.3%
Mahindra Manulife Overnight Fund Direct Growth

Low Risk

0.1%0.0%₹148.27 Cr6.8%
Mahindra Manulife Asia Pacific REITs FOF Direct Growth

Very High Risk

0.4%1.0%₹21.40 Cr-5.5%
Mahindra Manulife Equity Savings Fund Direct Growth

Moderately High risk

0.8%1.0%₹485.01 Cr20.8%
Mahindra Manulife Dynamic Bond Fund Direct Growth

Moderate Risk

0.4%0.0%₹64.32 Cr7.1%
Mahindra Manulife Short Duration Fund Direct Growth

Moderate Risk

0.3%0.0%₹50.06 Cr7.3%
Mahindra Manulife Arbitrage Fund Direct Growth

Low Risk

0.4%0.0%₹70.51 Cr7.0%
Mahindra Manulife Aggressive Hybrid Fund Direct Growth

Very High Risk

0.5%1.0%₹1138.39 Cr35.2%
Mahindra Manulife Balanced Advantage Fund Direct Growth

Very High Risk

0.6%1.0%₹731.33 Cr31.1%

Risk Level

Your principal amount will be at Moderately High risk

Moderately High risk
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The NAV of Mahindra Manulife Equity Savings Fund Direct Growth, as of 17-May-2024, is ₹21.72.
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.
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.
The fund managers responsible for Mahindra Manulife Equity Savings Fund Direct Growth are:-
  1. Rahul Pal
  2. Manish Lodha
  3. Renjith Radhakrishnan
  4. Pranav Patel