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Mahindra Manulife Equity Savings Fund Direct Growth
HybridEquity SavingsModerate Risk
Direct
NAV (21-Nov-24)
₹22.64-0.23%1D
Returns (Since Inception)
10.98%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹572 Cr
Expense Ratio
0.69%
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, 9 months and 21 days, having been launched on 01-Feb-17.
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹22.64, Assets Under Management (AUM) of 571.82 Crores, and an expense ratio of 0.69%.
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹22.64, Assets Under Management (AUM) of 571.82 Crores, and an expense ratio of 0.69%.
- Mahindra Manulife Equity Savings Fund Direct Growth has given a CAGR return of 10.98% since inception.
- The fund's asset allocation comprises around 29.57% in equities, 28.55% in debts, and 41.88% 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
+13.60%
+13.33% (Cat Avg.)
3 Years
+9.40%
+8.50% (Cat Avg.)
5 Years
+12.82%
+9.89% (Cat Avg.)
Since Inception
+10.98%
— (Cat Avg.)
Portfolio Summaryas of 31st October 2024
| Equity | ₹169.08 Cr | 29.57% |
| Debt | ₹163.27 Cr | 28.55% |
| Others | ₹239.46 Cr | 41.88% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Net Receivables / (Payables) | Cash | ₹215.5 Cr | 37.69% |
| Future on Ambuja Cements Ltd | Equity - Future | ₹-31.58 Cr | 5.52% |
| Ambuja Cements Ltd | Equity | ₹31.35 Cr | 5.48% |
| HDFC Bank Ltd | Equity | ₹24.76 Cr | 4.33% |
| Reliance Industries Ltd | Equity | ₹19.09 Cr | 3.34% |
| ICICI Bank Ltd | Equity | ₹18.63 Cr | 3.26% |
| Hdfc Bank Limited November 2024 Future | Equity - Future | ₹-18.55 Cr | 3.24% |
| 7.32% Govt Stock 2030 | Bond - Gov't/Treasury | ₹18.45 Cr | 3.23% |
| Future on Bajaj Finance Ltd | Equity - Future | ₹-17.51 Cr | 3.06% |
| Bajaj Finance Ltd | Equity | ₹17.4 Cr | 3.04% |
| ITC Ltd | Equity | ₹16.91 Cr | 2.96% |
| Brookfield India Real Estate Trust | Bond - Asset Backed | ₹15.91 Cr | 2.78% |
| Future on Reliance Industries Ltd | Equity - Future | ₹-14.79 Cr | 2.59% |
| Sun Pharmaceuticals Industries Ltd | Equity | ₹14.64 Cr | 2.56% |
| Larsen & Toubro Ltd | Equity | ₹14.27 Cr | 2.50% |
| Future on Mahindra & Mahindra Ltd | Equity - Future | ₹-13.29 Cr | 2.32% |
| Mahindra & Mahindra Ltd | Equity | ₹13.18 Cr | 2.30% |
| Itc Limited November 2024 Future | Equity - Future | ₹-12.49 Cr | 2.18% |
| Icici Bank Limited November 2024 Future | Equity - Future | ₹-11.94 Cr | 2.09% |
| Tech Mahindra Ltd | Equity | ₹11.73 Cr | 2.05% |
| 7.1% Govt Stock 2034 | Bond - Gov't/Treasury | ₹11.7 Cr | 2.05% |
| Future on Larsen & Toubro Ltd | Equity - Future | ₹-11.6 Cr | 2.03% |
| Future on Sun Pharmaceuticals Industries Ltd | Equity - Future | ₹-10.81 Cr | 1.89% |
| Kotak Mahindra Investments Limited 8.3721% | Bond - Corporate Bond | ₹10.12 Cr | 1.77% |
| Godrej Industries Limited | Bond - Corporate Bond | ₹10.06 Cr | 1.76% |
| 364 DTB 14112024 | Bond - Gov't/Treasury | ₹9.98 Cr | 1.74% |
| India (Republic of) | Bond - Short-term Government Bills | ₹9.73 Cr | 1.70% |
| India (Republic of) | Bond - Short-term Government Bills | ₹9.46 Cr | 1.65% |
| Triparty Repo | Cash - Repurchase Agreement | ₹9.04 Cr | 1.58% |
| NTPC Ltd | Equity | ₹8.57 Cr | 1.50% |
| Hindustan Unilever Ltd | Equity | ₹8.07 Cr | 1.41% |
| Future on Canara Bank | Equity - Future | ₹-7.81 Cr | 1.37% |
| Canara Bank | Equity | ₹7.76 Cr | 1.36% |
| Infosys Ltd | Equity | ₹7.71 Cr | 1.35% |
| Hindalco Industries Ltd | Equity | ₹7.59 Cr | 1.33% |
| State Bank of India | Equity | ₹7.28 Cr | 1.27% |
| Muthoot Finance Limited | Bond - Corporate Bond | ₹7.04 Cr | 1.23% |
| Future on Jindal Steel & Power Ltd | Equity - Future | ₹-6.89 Cr | 1.20% |
| Kotak Mahindra Bank Ltd | Equity | ₹6.86 Cr | 1.20% |
| Jindal Steel & Power Ltd | Equity | ₹6.85 Cr | 1.20% |
| Divi's Laboratories Ltd | Equity | ₹6.76 Cr | 1.18% |
| Future on Tech Mahindra Ltd | Equity - Future | ₹-6.61 Cr | 1.16% |
| IndusInd Bank Ltd | Equity | ₹6.37 Cr | 1.11% |
| Future on Hindustan Unilever Ltd | Equity - Future | ₹-6.27 Cr | 1.10% |
| Tata Motors Finance Limited | Bond - Corporate Bond | ₹5.98 Cr | 1.05% |
| SBI Life Insurance Co Ltd | Equity | ₹5.61 Cr | 0.98% |
| Future on Hindalco Industries Ltd | Equity - Future | ₹-5.51 Cr | 0.96% |
| Grasim Industries Ltd | Equity | ₹5.47 Cr | 0.96% |
| LTIMindtree Ltd | Equity | ₹5.4 Cr | 0.94% |
| Coal India Ltd | Equity | ₹5.29 Cr | 0.92% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹5.13 Cr | 0.90% |
| Kotak Mahindra Prime Ltd. 8.23% | Bond - Corporate Bond | ₹5.04 Cr | 0.88% |
| Bharti Telecom Limited | Bond - Corporate Bond | ₹5.04 Cr | 0.88% |
| Bharti Telecom Limited | Bond - Corporate Bond | ₹5.01 Cr | 0.88% |
| Shriram Finance Limited | Bond - Corporate Bond | ₹5.01 Cr | 0.88% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹4.99 Cr | 0.87% |
| GAIL (India) Ltd | Equity | ₹4.96 Cr | 0.87% |
| 364 DTB 26122024 | Bond - Gov't/Treasury | ₹4.95 Cr | 0.87% |
| India (Republic of) | Bond - Short-term Government Bills | ₹4.85 Cr | 0.85% |
| 364 DTB 07082025 | Bond - Gov't/Treasury | ₹4.76 Cr | 0.83% |
| Tata Consumer Products Ltd | Equity | ₹4.73 Cr | 0.83% |
| Asahi India Glass Ltd | Equity | ₹4.69 Cr | 0.82% |
| Shree Cement Ltd | Equity | ₹4.56 Cr | 0.80% |
| L.G.Balakrishnan & Bros Ltd | Equity | ₹4.31 Cr | 0.75% |
| Godrej Properties Limited | Bond - Corporate Bond | ₹3.99 Cr | 0.70% |
| Tata Steel Ltd | Equity | ₹3.88 Cr | 0.68% |
| 364 DTB | Bond - Gov't/Treasury | ₹3.87 Cr | 0.68% |
| Future on Wipro Ltd | Equity - Future | ₹-3.83 Cr | 0.67% |
| Wipro Ltd | Equity | ₹3.81 Cr | 0.67% |
| Future on Kotak Mahindra Bank Ltd | Equity - Future | ₹-3.77 Cr | 0.66% |
| Persistent Systems Ltd | Equity | ₹3.74 Cr | 0.65% |
| Aditya Vision Ltd | Equity | ₹3.7 Cr | 0.65% |
| Future on Havells India Ltd | Equity - Future | ₹-3.63 Cr | 0.64% |
| Havells India Ltd | Equity | ₹3.6 Cr | 0.63% |
| 7.18% Govt Stock 2037 | Bond - Gov't/Treasury | ₹3.59 Cr | 0.63% |
| Godrej Industries Limited | Bond - Corporate Bond | ₹3.53 Cr | 0.62% |
| Coromandel International Ltd | Equity | ₹3.45 Cr | 0.60% |
| L&T Finance Ltd | Equity | ₹3.32 Cr | 0.58% |
| Nitin Spinners Ltd | Equity | ₹3.04 Cr | 0.53% |
| Dabur India Ltd | Equity | ₹2.97 Cr | 0.52% |
| Future on Coal India Ltd | Equity - Future | ₹-2.96 Cr | 0.52% |
| Voltas Ltd | Equity | ₹2.84 Cr | 0.50% |
| Tata Motors Ltd | Equity | ₹2.69 Cr | 0.47% |
| Syrma SGS Technology Ltd | Equity | ₹2.59 Cr | 0.45% |
| Future on SBI Life Insurance Co Ltd | Equity - Future | ₹-2.51 Cr | 0.44% |
| Tata Realty And Infrastructure Limited | Bond - Corporate Bond | ₹2.51 Cr | 0.44% |
| TVS Credit Services Limited | Bond - Corporate Bond | ₹2.5 Cr | 0.44% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹2.5 Cr | 0.44% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹2.5 Cr | 0.44% |
| INOX India Ltd | Equity | ₹2.48 Cr | 0.43% |
| Infosys Limited November 2024 Future | Equity - Future | ₹-2.34 Cr | 0.41% |
| Future on Grasim Industries Ltd | Equity - Future | ₹-2.3 Cr | 0.40% |
| CESC Ltd | Equity | ₹2.21 Cr | 0.39% |
| Jyothy Labs Ltd | Equity | ₹2.13 Cr | 0.37% |
| KEI Industries Ltd | Equity | ₹2.11 Cr | 0.37% |
| Escorts Kubota Ltd | Equity | ₹2.07 Cr | 0.36% |
| Triveni Engineering & Industries Ltd | Equity | ₹2.02 Cr | 0.35% |
| REC Ltd | Equity | ₹2 Cr | 0.35% |
| Future on NTPC Ltd | Equity - Future | ₹-1.91 Cr | 0.33% |
| Archean Chemical Industries Ltd | Equity | ₹1.87 Cr | 0.33% |
| JK Cement Ltd | Equity | ₹1.82 Cr | 0.32% |
| Future on Tata Steel Ltd | Equity - Future | ₹-1.81 Cr | 0.32% |
| Bharat Petroleum Corp Ltd | Equity | ₹1.71 Cr | 0.30% |
| Kirloskar Brothers Ltd | Equity | ₹1.66 Cr | 0.29% |
| PTC Industries Ltd | Equity | ₹1.64 Cr | 0.29% |
| ISGEC Heavy Engineering Ltd | Equity | ₹1.62 Cr | 0.28% |
| Hindustan Petroleum Corp Ltd | Equity | ₹1.6 Cr | 0.28% |
| Oil & Natural Gas Corp Ltd | Equity | ₹1.6 Cr | 0.28% |
| Piramal Enterprises Ltd | Equity | ₹1.59 Cr | 0.28% |
| Technocraft Industries (India) Ltd | Equity | ₹1.59 Cr | 0.28% |
| Carborundum Universal Ltd | Equity | ₹1.59 Cr | 0.28% |
| Petronet LNG Ltd | Equity | ₹1.5 Cr | 0.26% |
| Future on IndusInd Bank Ltd | Equity - Future | ₹-1.49 Cr | 0.26% |
| Future on Persistent Systems Ltd | Equity - Future | ₹-1.4 Cr | 0.25% |
| Future on GAIL (India) Ltd | Equity - Future | ₹-1.38 Cr | 0.24% |
| Future on Tata Consumer Products Ltd | Equity - Future | ₹-1.33 Cr | 0.23% |
| S.P. Apparels Ltd | Equity | ₹0.43 Cr | 0.08% |
| Future on Voltas Ltd | Equity - Future | ₹-0.4 Cr | 0.07% |
| Grasim Industries Ltd Ordinary Shares (Partly Paid Rs.1) | Equity | ₹0.12 Cr | 0.02% |
Allocation By Market Cap (Equity)
Large Cap Stocks
59.60%
Mid Cap Stocks
6.91%
Small Cap Stocks
1.53%
Allocation By Credit Quality (Debt)
AAA
AA
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹101.57 Cr | 17.76% |
| Basic Materials | ₹66.96 Cr | 11.71% |
| Consumer Defensive | ₹36.83 Cr | 6.44% |
| Industrials | ₹35.46 Cr | 6.20% |
| Technology | ₹34.98 Cr | 6.12% |
| Consumer Cyclical | ₹32.04 Cr | 5.60% |
| Energy | ₹30.78 Cr | 5.38% |
| Healthcare | ₹21.41 Cr | 3.74% |
| Utilities | ₹15.75 Cr | 2.75% |
Risk & Performance Ratios
Standard Deviation
This fund
5.93%
Cat. avg.
4.58%
Lower the better
Sharpe Ratio
This fund
0.63
Cat. avg.
0.61
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
1.09
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 31st October 2024
ISIN INF174V01184 | Expense Ratio 0.69% | Exit Load 1.00% | Fund Size ₹572 Cr | Age 7 years 9 months | 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
Capital Gains Taxation:
Dividend Taxation:
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only 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% | ₹7804.46 Cr | 15.9% |
| Kotak Equity Savings Fund Regular Growth Moderate Risk | 1.8% | 1.0% | ₹7804.46 Cr | 14.6% |
| Edelweiss Equity Savings Fund Regular Growth Moderate Risk | 1.6% | 0.0% | ₹539.22 Cr | 13.7% |
| Edelweiss Equity Savings Fund Direct Growth Moderate Risk | 0.6% | 0.0% | ₹539.22 Cr | 14.8% |
| Baroda BNP Paribas Equity Savings Fund Regular Growth Moderately High risk | 2.5% | 1.0% | ₹718.42 Cr | 13.7% |
| Baroda BNP Paribas Equity Savings Fund Direct Growth Moderately High risk | 1.4% | 1.0% | ₹718.42 Cr | 14.9% |
| Tata Equity Savings Fund Regular Growth Moderate Risk | 1.1% | 0.0% | ₹215.99 Cr | 14.4% |
| Bandhan Equity Savings Fund Regular Growth Low to Moderate Risk | 1.1% | 0.0% | ₹194.14 Cr | 9.5% |
| PGIM India Equity Savings Fund Regular Growth Low to Moderate Risk | 1.3% | 0.0% | ₹89.52 Cr | 8.8% |
| Sundaram Equity Savings Fund Regular Growth Moderate Risk | 2.2% | 0.0% | ₹989.56 Cr | 14.6% |
About the AMC
Mahindra Manulife Mutual Fund
Total AUM
₹19,568 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 Moderate Risk
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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 21-Nov-2024, is ₹22.64.
What are the returns of Mahindra Manulife Equity Savings Fund Direct Growth?
The fund has generated 13.60% over the last 1 year and 9.40% 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 29.57% in equities, 28.55% in bonds, and 41.88% 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.
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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, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, 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.