Mahindra Manulife ELSS Kar Bachat Yojana

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

Type : Mutual Fund

Asset Class : ELSS

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As of 14-Jul-2020

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

Fund Manager : Srinivasan Ramamurthy

Total Experience: 11 years of work experience in the investment function including fund management, research and investment strategy

Experience in managing this fund : Managing since January 20, 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.

Fund Performance:
Mahindra Manulife ELSS Kar Bachat Yojana CAGR Returns (%) Value of Investment of 10,000* (Rs) NAV / Index Value (as on May 31, 2020)
Managed by Srinivasan Ramamurthy 1 Year 3 Years 5 Years Since Inception 1 Year 3 Years 5 Years Since Inception
Mahindra Manulife ELSS Kar Bachat Yojana - Reg - Growth -18.97 -5.73 _ -1.27 8108 8379 _ 9549 9.55
Mahindra Manulife ELSS Kar Bachat Yojana - Growth -17.59 -3.82 _ 0.8 8245 8898 _ 10292 10.29
Nifty 200 Index TRI^ -18.64 -0.1 _ 2.96 8141 9970 _ 11112 6243.9
Nifty 50 Index TRI^^ -18.62 1.23 _ 4.08 8143 10373 _ 11555 13503.45

^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. Mr. Srinivasan Ramamurthy is managing this scheme since January 20, 2020 and he manages 4 schemes of Mahindra 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 Srinivasan Ramamurthy click here

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 Mutual Fund 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.

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