Mahindra Manulife ELSS Kar Bachat Yojana

An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit

Dividend at the discretion of the Trustees, subject to availability of distributable surplus.

Type : Mutual Fund

Asset Class : ELSS

Last Dividend Date: 10th November 2017 Last Dividend: 1.00000000

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Fund Summary
Min Investment 500
Min SIP 500
Lock In Period3 Years

Fund Manager : Ms. Fatema Pacha

Total Experience: 14 years of work experience in the investment function including fund management and research

Experience in managing this fund : Managing since October 16, 2020

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This Product is Suitable for investors who are seeking*

  • Long term capital appreciation
  • Investment predominantly in equity and equity related securities.
  • Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
  • Scheme Overview
  • Scheme Documents and Forms

Investment Objective:

The investment objective of the Scheme is to generate long-term capital appreciation through a diversified portfolio of equity and equity related securities. The Scheme does not guarantee or assure any returns.

Product Benefits:

  • Potential Capital Appreciation: Scheme invests in a diversified equity portfolio thereby offering you the possibility of growing your investments.
  • Tax Benefit: Investments in this scheme are entitled to tax exemption under section 80C. Possibility of saving upto Rs 53,820/-*.
  • Lock-in Feature: This feature endeavors to protect your investments from impact of short term market volatility. Lock-in of only 3 years! Other traditional tax savings options may have longer holding periods.

Assuming investor is in the highest tax bracket and uses the entire Rs 1.5 lac limit available under Section 80C of Income Tax Act 1961 for investing in only Mahindra Manulife ELSS Kar Bachat Yojana. The tax benefit is calculated on the basis of currently applicable highest tax rate for gross total annual income of more than Rs 1 Crore. Please consult your financial /tax advisor before investing.

Fund Performance:
Mahindra Manulife ELSS Kar Bachat Yojana CAGR Returns (%) Value of Investment of 10,000* (Rs) NAV / Index Value (as on Oct 31, 2020)
Managed by Ms. Fatema Pacha 1 Year 3 Years 5 Years Since Inception 1 Year 3 Years 5 Years Since Inception
Mahindra Manulife ELSS Kar Bachat Yojana - Reg - Growth -4.93 -2.14 N/A 3.06 9507.0375 9371.66 N/A 11262.6278 11.2936
Mahindra Manulife ELSS Kar Bachat Yojana - Dir - Growth 5.85 0.43 N/A 5.06 10775.0848 10128.4282 N/A 12105.7 12.1057
Nifty 200 Index TRI^ -0.99 3.42 N/A 7.8 9900.8537 11061.7711 N/A 13557.8663 7610.41
Nifty 50 Index TRI^^ -0.98 5.37 N/A 8.93 9902.1257 11697.9846 N/A 14151.1008 16504.16
Mahindra Manulife ELSS Kar Bachat Yojana - Growth -3.31 -0.26 N/A 5.18 9668.6538 9922.7955 N/A 12226.0667 12.2614

^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 18-Oct-16.Past performance may or may not be sustained in future and should not be used as a basis of comparison with other investments. Since inception returns of the scheme is calculated on face value of Rs. 10 invested at inception. The performance details provided above are of Growth Option under Regular and Direct Plan. Different Plans i.e Regular Plan and Direct Plan under the scheme has different expense structure. The performance data for 5 years period has not been provided, since scheme is in existence for less than 5 years. Ms. Fatema Pacha is managing this scheme since October 16, 2020 and she manages 4 schemes of Mahindra Manulife Mutual Fund. *Based on standard investment of Rs. 10,000 made at the beginning of the relevant period.

For performance of other schemes managed by Ms. Fatema Pacha click here

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.