Power SIP is a facility that aims to achieve your futuristic goals. A coherent tool that enables you to reap the maximum benefits of power of compounding (SIP) in the form of a steady flow of income (SWP).
Power SIP, goes through 4 different stages in its life cycle.
| Registered SIP Tenure | Monthly SWP Installment Amount |
| 8 Years | 1.0 times of monthly SIP installment amount |
| 10 Years | 1.5 times of monthly SIP installment amount |
| 12 Years | 2.0 times of monthly SIP installment amount |
| 15 Years | 3.0 times of monthly SIP installment amount |
| 25 Years | 9.0 times of monthly SIP installment amount |
| 30 Years | 15 times of monthly SIP installment amount |
Currently Eligible Source and Target Schemes for Power SIP are as under
| *Currently Eligible Source Schemes | *Currently Eligible Target Schemes |
|---|---|
| Mahindra Manulife Multi Cap Fund | Mahindra Manulife Large Cap Fund |
| Mahindra Manulife Flexi Cap Fund | Mahindra Manulife Aggressive Hybrid Fund |
| Mahindra Manulife Large Cap Fund | Mahindra Manulife Balanced Advantage Fund |
| Mahindra Manulife Mid Cap Fund | Mahindra Manulife Equity Savings Fund |
| Mahindra Manulife Large & Mid Cap Fund | Mahindra Manulife Dynamic Bond Fund |
| Mahindra Manulife Small Cap Fund | Mahindra Manulife Low Duration Fund |
| Mahindra Manulife Focused Fund | |
| Mahindra Manulife Consumption Fund | |
| Mahindra Manulife Aggressive Hybrid Fund | |
| Mahindra Manulife Balanced Advantage Fund |
| First Stage | SIP Start Date (1st SIP Purchase) | 01-May-23 |
| SIP Tenure (Years) | 10 | |
| Last SIP Installment Date | 01-Apr-33 | |
| Total Units Accumulated in Source Scheme through Power SIP during SIP Tenure | 10000 | |
| Second Stage | Not Applicable | |
| Third Stage | SWP Start Date (based on the value of all (100%) accumulated units in the Source Scheme) | 01-May-33 |
| Fourth Stage | Not Applicable | |
| First Stage | SIP Start Date (1st SIP Purchase) | 01-May-23 |
| SIP Tenure (Years) | 10 | |
| Last SIP Installment Date | 01-Apr-33 | |
| Total Units Accumulated in Source Scheme through Power SIP during SIP Tenure | 10000 | |
| Second Stage | Date of processing First Switch Transaction in Target Scheme ('First Switch Date') - 15 calendar days from the date of last SIP instalment | 16-April-33 |
| Number of Units Switched Out from Source Scheme to Target Scheme on the First Switch Date (80% of the total accumulated units) | 8000 | |
| Third Stage | SWP Start Date (based on the value of 80% units switched into the Target Scheme on the First Switch Date) | 01-May-33 |
| - | Date of processing of Second Switch Transaction in Target Scheme (Second Switch Date)-3 years from the initial switch transaction | 16-April-36 |
| Fourth Stage | Number of Units Switched Out from Source Scheme to Target Scheme on the Second Switch Date (remaining 20% of the total accumulated units) which will be considered for processing of SWP instalments from the Target Scheme | 2000 |
| Scheme Name and Type | Product Suitability | Scheme
Riskometers |
|---|---|---|
| This product is suitable for investors who are seeking* | ||
| Mahindra Manulife Multi Cap fund (Multi Cap Fund - An open-ended equity scheme investing across large cap, mid cap, small cap stocks) |
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| Mahindra Manulife Flexi Cap Fund (An open ended dynamic equity scheme investing across large cap, mid cap, small cap stocks) |
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| Mahindra Manulife Large Cap Fund (Large Cap Fund - An open ended equity scheme predominantly investing in large cap stocks) |
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| Mahindra Manulife Mid Cap Fund (Mid Cap Fund – An open ended equity scheme predominantly investing in mid cap stocks) |
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| Mahindra Manulife Large & Mid Cap Fund (Large & Mid Cap Fund- An open ended equity scheme investing in both large cap and mid cap stocks) |
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| Mahindra Manulife Low Duration Fund (An open ended low duration debt scheme investing in instruments such that the Macaulay duration of the Portfolio is between 6 months and 12 months (please refer to page no. 33 of SID). A relatively low interest rate risk and moderate credit risk) |
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| Mahindra Manulife Equity Savings Fund (An open ended scheme investing in equity, arbitrage and debt) |
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| Scheme Name and Type | Product Suitability | Scheme Riskometers |
|---|---|---|
| This product is suitable for investors who are seeking* | ||
| Mahindra Manulife Small Cap Fund (An open ended equity scheme predominantly investing in small cap stocks) |
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| Mahindra Manulife Focused Fund (An open ended equity scheme investing in maximum 30 stocks across market caps (I.e Multi Cap)) |
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| Mahindra Manulife Consumption Fund (An open ended equity scheme following Consumption theme) |
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| Mahindra Manulife Aggressive Hybrid Fund (An open ended hybrid scheme investing predominantly in equity and equity related instruments) |
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| Mahindra Manulife Balanced Advantage Fund (An open ended dynamic asset allocation fund) |
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| Mahindra Manulife Dynamic Bond Fund (An open ended dynamic debt scheme investing across duration. A relatively high interest rate risk and moderate credit risk) |
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| Potential Risk Class Matrix - Mahindra Manulife Low Duration Fund (An open ended low duration debt scheme investing in instruments such that the Macaulay duration of the Portfolio is between 6 months and 12 months (please refer to page no. 33 of SID). A relatively low interest rate risk and moderate credit risk) |
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|---|---|---|---|---|---|---|---|---|---|
| Credit Risk | Relatively Low (Class A) | Moderate (Class B) | Relatively High (Class C) | ||||||
| Interest rate Risk | |||||||||
| Relatively Low (Class I) | B-I | ||||||||
| Moderate (Class II) | |||||||||
| Relatively High (Class III) | |||||||||
| Potential Risk Class Matrix - Mahindra Manulife Dynamic Bond Fund (An open ended dynamic debt scheme investing across duration. A relatively high interest rate risk and moderate credit risk) |
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|---|---|---|---|---|---|---|---|---|---|
| Credit Risk | Relatively Low (Class A) | Moderate (Class B) | Relatively High (Class C) | ||||||
| Interest rate Risk | |||||||||
| Relatively Low (Class I) | |||||||||
| Moderate (Class II) | |||||||||
| Relatively High (Class III) | B-III | ||||||||