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: 26th February 2021 Last Dividend: 0.80000000

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

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

Fund Manager : Mr. Manish Lodha

Total Experience: Combined work experience of over 20 years of which around 11 years have been in the Mutual Fund Industry, 4 years in Life Insurance Industry in the field of equity research and fund management.

Experience in managing this fund : Managing since December 21, 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 51,480/-#.
  • 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 uses the entire Rs 1.50 lac limit available under section 80C of the Income Tax Act 1961 for investing in Mahindra Manulife ELSS Kar Bachat Yojana. The tax benefi­t is calculated on the basis of current applicable tax rates under the old regime (Refer Note at the end of the page), ignoring marginal relief on surcharge, if any, for net taxable income between Rs 50 lacs and Rs 1 crore. Please consult your Financial / tax advisor before investing.

Note: The Finance Act 2020 has introduced a new income tax regime at concessional tax rates for individual taxpayers. However, the option for such concessional tax regime requires the taxpayer to forego certain specifi­ed deductions including deduction u/s 80C of Income Tax Act, 1961

Fund Performance:
Mahindra Manulife ELSS Kar Bachat Yojana CAGR Returns (%) Value of Investment of 10,000* (Rs) NAV / Index Value (as on Jun 30, 2021)
Managed by Ms. Fatema Pacha () and Mr. Manish Lodha () 1 Year 3 Years 5 Years Since Inception 1 Year 3 Years 5 Years Since Inception
Mahindra Manulife ELSS Kar Bachat Yojana - Reg - Growth 63.84 13.77 N/A 11.57 16383.5351 14839.9258 N/A 16683.0217 16.7289
Nifty 200 Index TRI^ 57.42 14.67 N/A 14.45 15741.7572 15179.6554 N/A 18883.9502 10600.09
Nifty 50 Index TRI^^ 54.58 15 N/A 14.9 15457.7144 15301.5723 N/A 19254.1077 22455.7
Mahindra Manulife ELSS Kar Bachat Yojana - Dir - Growth 70.64 13.58 N/A 13.04 16776.4982 14656.9574 N/A 17561.0486 17.6118
Mahindra Manulife ELSS Kar Bachat Yojana - Growth 66.56 15.78 N/A 13.8 16656.1434 15639.4487 N/A 18307.4913 18.3604

^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. Ms. Fatema Pacha is managing this scheme since October 16, 2020 and she manages 7 schemes of Mahindra Manulife Mutual Fund. Mr Manish Lodha is managing this scheme since December 21, 2020 and he manages 7 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

For performance of other schemes managed by Mr. Manish Lodha click here

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