Mahindra Manulife Equity Savings Fund Direct Growth
HybridEquity SavingsModerately High risk
Direct
NAV (25-Jul-24)
₹22.710.08%1D
Returns (Since Inception)
11.53%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹491 Cr
Expense Ratio
0.73%
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, 5 months and 25 days, having been launched on 01-Feb-17.
As of 25-Jul-24, it has a Net Asset Value (NAV) of ₹22.71, Assets Under Management (AUM) of 491.46 Crores, and an expense ratio of 0.73%.
As of 25-Jul-24, it has a Net Asset Value (NAV) of ₹22.71, Assets Under Management (AUM) of 491.46 Crores, and an expense ratio of 0.73%.
- Mahindra Manulife Equity Savings Fund Direct Growth has given a CAGR return of 11.53% since inception.
- The fund's asset allocation comprises around 34.66% in equities, 27.00% in debts, and 38.34% 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
+19.33%
+14.30% (Cat Avg.)
3 Years
+12.30%
+9.38% (Cat Avg.)
5 Years
+14.01%
+10.16% (Cat Avg.)
Since Inception
+11.53%
— (Cat Avg.)
Portfolio Summaryas of 30th June 2024
| Equity | ₹170.36 Cr | 34.66% |
| Debt | ₹132.68 Cr | 27.00% |
| Others | ₹188.41 Cr | 38.34% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Net Receivables / (Payables) | Cash - Collateral | ₹172.67 Cr | 34.38% |
| Future on Ambuja Cements Ltd | Equity - Future | ₹-36.34 Cr | 7.24% |
| Ambuja Cements Ltd | Equity | ₹36.19 Cr | 7.21% |
| Reliance Industries Ltd | Equity | ₹20.32 Cr | 4.05% |
| Future on Bajaj Finance Ltd | Equity - Future | ₹-18.09 Cr | 3.60% |
| Bajaj Finance Ltd | Equity | ₹17.97 Cr | 3.58% |
| ICICI Bank Ltd | Equity | ₹17.3 Cr | 3.44% |
| HDFC Bank Ltd | Equity | ₹16.98 Cr | 3.38% |
| ITC Ltd | Equity | ₹14.7 Cr | 2.93% |
| 364 DTB 17102024 | Bond - Gov't/Treasury | ₹13.72 Cr | 2.73% |
| Future on ICICI Bank Ltd | Equity - Future | ₹-12.92 Cr | 2.57% |
| Brookfield India Real Estate Trust | Bond - Asset Backed | ₹12.71 Cr | 2.53% |
| Sun Pharmaceuticals Industries Ltd | Equity | ₹12.05 Cr | 2.40% |
| Future on Reliance Industries Ltd | Equity - Future | ₹-11.58 Cr | 2.31% |
| 7.1% Govt Stock 2034 | Bond - Gov't/Treasury | ₹11.57 Cr | 2.30% |
| Future on HDFC Bank Ltd | Equity - Future | ₹-10.9 Cr | 2.17% |
| Future on ITC Ltd | Equity - Future | ₹-10.88 Cr | 2.17% |
| Tech Mahindra Ltd | Equity | ₹10.43 Cr | 2.08% |
| Kotak Mahindra Investments Limited 8.3721% | Bond - Corporate Bond | ₹10.07 Cr | 2.00% |
| Triparty Repo | Cash - Repurchase Agreement | ₹10.04 Cr | 2.00% |
| Godrej Industries Limited | Bond - Corporate Bond | ₹9.99 Cr | 1.99% |
| India (Republic of) | Bond - Short-term Government Bills | ₹9.85 Cr | 1.96% |
| 364 DTB 14112024 | Bond - Gov't/Treasury | ₹9.75 Cr | 1.94% |
| Future on Canara Bank | Equity - Future | ₹-9.09 Cr | 1.81% |
| Canara Bank | Equity | ₹9.03 Cr | 1.80% |
| IndusInd Bank Ltd | Equity | ₹8.83 Cr | 1.76% |
| Future on Sun Pharmaceuticals Industries Ltd | Equity - Future | ₹-8.23 Cr | 1.64% |
| NTPC Ltd | Equity | ₹7.95 Cr | 1.58% |
| Hindustan Unilever Ltd | Equity | ₹7.89 Cr | 1.57% |
| Future on Jindal Steel & Power Ltd | Equity - Future | ₹-7.82 Cr | 1.56% |
| Jindal Steel & Power Ltd | Equity | ₹7.77 Cr | 1.55% |
| Hindalco Industries Ltd | Equity | ₹7.67 Cr | 1.53% |
| Kotak Mahindra Bank Ltd | Equity | ₹7.14 Cr | 1.42% |
| Infosys Ltd | Equity | ₹6.88 Cr | 1.37% |
| 7.32% Govt Stock 2030 | Bond - Gov't/Treasury | ₹6.59 Cr | 1.31% |
| Larsen & Toubro Ltd | Equity | ₹6.42 Cr | 1.28% |
| Future on Hindustan Unilever Ltd | Equity - Future | ₹-6.19 Cr | 1.23% |
| Future on Tech Mahindra Ltd | Equity - Future | ₹-5.87 Cr | 1.17% |
| Tata Motors Finance Limited | Bond - Corporate Bond | ₹5.77 Cr | 1.15% |
| Future on Hindalco Industries Ltd | Equity - Future | ₹-5.56 Cr | 1.11% |
| Coal India Ltd | Equity | ₹5.54 Cr | 1.10% |
| GAIL (India) Ltd | Equity | ₹5.44 Cr | 1.08% |
| Grasim Industries Ltd | Equity | ₹5.42 Cr | 1.08% |
| Divi's Laboratories Ltd | Equity | ₹5.28 Cr | 1.05% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹5.11 Cr | 1.02% |
| LTIMindtree Ltd | Equity | ₹5.09 Cr | 1.01% |
| Shree Cement Ltd | Equity | ₹5.07 Cr | 1.01% |
| Bharti Telecom Limited | Bond - Corporate Bond | ₹5.02 Cr | 1.00% |
| Kotak Mahindra Prime Ltd. 8.23% | Bond - Corporate Bond | ₹5.01 Cr | 1.00% |
| Shriram Finance Limited | Bond - Corporate Bond | ₹5.01 Cr | 1.00% |
| Bharti Telecom Limited | Bond - Corporate Bond | ₹5 Cr | 1.00% |
| Embassy Office Parks Reit | Bond - Corporate Bond | ₹4.99 Cr | 0.99% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹4.98 Cr | 0.99% |
| Godrej Properties Limited | Bond - Corporate Bond | ₹4.97 Cr | 0.99% |
| Tata Consumer Products Ltd | Equity | ₹4.94 Cr | 0.98% |
| 364 DTB 26122024 | Bond - Gov't/Treasury | ₹4.84 Cr | 0.96% |
| L.G.Balakrishnan & Bros Ltd | Equity | ₹4.68 Cr | 0.93% |
| Tata Steel Ltd | Equity | ₹4.54 Cr | 0.90% |
| Tata Motors Ltd Class A | Equity | ₹4.39 Cr | 0.87% |
| Asahi India Glass Ltd | Equity | ₹4.19 Cr | 0.83% |
| State Bank of India | Equity | ₹4.14 Cr | 0.82% |
| L&T Finance Ltd | Equity | ₹4.12 Cr | 0.82% |
| Havells India Ltd | Equity | ₹4.05 Cr | 0.81% |
| Future on Kotak Mahindra Bank Ltd | Equity - Future | ₹-3.92 Cr | 0.78% |
| Future on Larsen & Toubro Ltd | Equity - Future | ₹-3.75 Cr | 0.75% |
| Aditya Vision Ltd | Equity | ₹3.63 Cr | 0.72% |
| Mahindra & Mahindra Ltd | Equity | ₹3.61 Cr | 0.72% |
| Future on Mahindra & Mahindra Ltd | Equity - Future | ₹-3.61 Cr | 0.72% |
| 7.18% Govt Stock 2037 | Bond - Gov't/Treasury | ₹3.54 Cr | 0.70% |
| SBI Life Insurance Company Limited | Equity | ₹3.54 Cr | 0.70% |
| Nitin Spinners Ltd | Equity | ₹3.47 Cr | 0.69% |
| Coromandel International Ltd | Equity | ₹3.31 Cr | 0.66% |
| Dabur India Ltd | Equity | ₹3.3 Cr | 0.66% |
| Persistent Systems Ltd | Equity | ₹2.95 Cr | 0.59% |
| INOX India Ltd | Equity | ₹2.86 Cr | 0.57% |
| Escorts Kubota Ltd | Equity | ₹2.7 Cr | 0.54% |
| Indus Towers Ltd Ordinary Shares | Equity | ₹2.64 Cr | 0.52% |
| Voltas Ltd | Equity | ₹2.53 Cr | 0.50% |
| TVS Credit Services Limited | Bond - Corporate Bond | ₹2.49 Cr | 0.50% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹2.49 Cr | 0.50% |
| Syrma SGS Technology Ltd | Equity | ₹2.49 Cr | 0.49% |
| CESC Ltd | Equity | ₹2.47 Cr | 0.49% |
| Triveni Engineering & Industries Ltd | Equity | ₹2.47 Cr | 0.49% |
| Future on LTIMindtree Ltd | Equity - Future | ₹-2.43 Cr | 0.48% |
| ICICI Securities Ltd | Equity | ₹2.41 Cr | 0.48% |
| KEI Industries Ltd | Equity | ₹2.3 Cr | 0.46% |
| Future on Tata Steel Ltd | Equity - Future | ₹-2.12 Cr | 0.42% |
| Future on Infosys Ltd | Equity - Future | ₹-2.08 Cr | 0.41% |
| Future on IndusInd Bank Ltd | Equity - Future | ₹-2.06 Cr | 0.41% |
| Wipro Ltd | Equity | ₹2.02 Cr | 0.40% |
| REC Ltd | Equity | ₹2.01 Cr | 0.40% |
| Power Finance Corporation Ltd. | Bond - Corporate Bond | ₹1.98 Cr | 0.39% |
| Cyient Ltd | Equity | ₹1.95 Cr | 0.39% |
| Archean Chemical Industries Ltd | Equity | ₹1.93 Cr | 0.38% |
| JK Cement Ltd | Equity | ₹1.85 Cr | 0.37% |
| Jyothy Labs Ltd | Equity | ₹1.77 Cr | 0.35% |
| Future on NTPC Ltd | Equity - Future | ₹-1.14 Cr | 0.23% |
| Future on Grasim Industries Ltd | Equity - Future | ₹-1 Cr | 0.20% |
| Future on Coal India Ltd | Equity - Future | ₹-1 Cr | 0.20% |
| Grasim Industries Ltd Ordinary Shares (Partly Paid Rs.0.50) | Equity | ₹0.09 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 | ₹93.47 Cr | 18.61% |
| Basic Materials | ₹73.85 Cr | 14.70% |
| Consumer Defensive | ₹35.07 Cr | 6.98% |
| Technology | ₹29.86 Cr | 5.94% |
| Energy | ₹25.86 Cr | 5.15% |
| Consumer Cyclical | ₹23.98 Cr | 4.77% |
| Industrials | ₹22.82 Cr | 4.54% |
| Healthcare | ₹17.32 Cr | 3.45% |
| Utilities | ₹15.86 Cr | 3.16% |
| Communication Services | ₹2.64 Cr | 0.52% |
Risk & Performance Ratios
Standard Deviation
This fund
5.92%
Cat. avg.
4.54%
Lower the better
Sharpe Ratio
This fund
1.03
Cat. avg.
0.71
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
1.36
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 June 2024
ISIN | INF174V01184 | Expense Ratio | 0.73% | Exit Load | 1.00% | Fund Size | ₹491 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% | ₹6076.80 Cr | 20.5% |
| Kotak Equity Savings Fund Regular Growth Moderate Risk | 1.8% | 1.0% | ₹6076.80 Cr | 19.2% |
| Edelweiss Equity Savings Fund Regular Growth Moderate Risk | 1.5% | 0.0% | ₹441.78 Cr | 15.8% |
| Edelweiss Equity Savings Fund Direct Growth Moderate Risk | 0.5% | 0.0% | ₹441.78 Cr | 16.9% |
| Baroda BNP Paribas Equity Savings Fund Regular Growth Moderately High risk | 2.5% | 1.0% | ₹481.60 Cr | 15.4% |
| Baroda BNP Paribas Equity Savings Fund Direct Growth Moderately High risk | 1.5% | 1.0% | ₹481.60 Cr | 16.6% |
| Tata Equity Savings Fund Regular Growth Low to Moderate Risk | 1.1% | 0.0% | ₹155.98 Cr | 15.7% |
| Bandhan Equity Savings Fund Regular Growth Moderate Risk | 1.4% | 0.0% | ₹127.90 Cr | 10.3% |
| PGIM India Equity Savings Fund Regular Growth Low to Moderate Risk | 1.3% | 0.0% | ₹92.83 Cr | 9.2% |
| Sundaram Equity Savings Fund Regular Growth Moderate Risk | 2.2% | 0.0% | ₹841.07 Cr | 17.6% |
About the AMC
Total AUM
₹15,529 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
Unlock Expert Insights!
Related Articles
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 25-Jul-2024, is ₹22.71.
What are the returns of Mahindra Manulife Equity Savings Fund Direct Growth?
The fund has generated 19.33% over the last 1 year and 12.30% 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 34.66% in equities, 27.00% in bonds, and 38.34% 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.
©2021-2022 Dezerv. All Rights Reserved
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.