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Mahindra Manulife ELSS Kar Bachat Yojana - Direct Plan - Growth

  • Regular
  • Direct
Category : ELSS
  • NAV
    : ₹ 20.5471 0.54%
    (as on 21st September, 2021)
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Crisil Rank
Above average performance among peers
Risk-O-Meter
Very High

Fund has 97.84% investment in indian stocks of which 67.76% is in large cap stocks, 12.82% is in mid cap stocks, 7.65% in small cap stocks.

Suitable For : Investors who are looking to invest money for at least 3 years and looking for additional benefits of income tax saving apart from higher returns expectations. At the same time, these investors should also be ready for possibility of moderate losses in their investments and 3 year lock-in period.

Crisil Rank Change : Fund Crisil rank was updated from 3 to 4 in the previous quarter.

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Returns (NAV as on 21st September, 2021)

Period Invested for ₹10000 Invested on Latest Value Absolute Returns Annualised Returns Category Avg Rank within Category
1 Week 14-Sep-21 10079.00 0.79% - -0.09% 6/63
1 Month 20-Aug-21 10664.90 6.65% - 6.50% 20/63
3 Month 21-Jun-21 11351.00 13.51% - 12.14% 22/63
6 Month 19-Mar-21 12635.90 26.36% - 24.93% 13/63
YTD 01-Jan-21 13882.10 38.82% - 35.16% 14/63
1 Year 21-Sep-20 17135.30 71.35% 71.35% 65.35% 12/63
2 Year 20-Sep-19 17094.10 70.94% 30.65% 30.35% 22/62
3 Year 21-Sep-18 17072.60 70.73% 19.50% 18.59% 20/59
Since Inception 18-Oct-16 20547.10 105.47% 15.73% 17.06% 36/57

SIP Returns (NAV as on 21st September, 2021)

Period Invested for ₹1000 SIP Started on Investments Latest Value Absolute Returns Annualised Returns
1 Year 21-Sep-20 12000 16003.57 33.36 % 66.88 %
2 Year 20-Sep-19 24000 37764.59 57.35 % 50.47 %
3 Year 21-Sep-18 36000 58665.17 62.96 % 34.37 %
 

Tax Treatment

You can not sell your investments in this fund for 3 years from the purchase date. Long term capital gain tax will be applicable when you sell your investments after 3 years. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh in a financial year. Any cess/surcharge is not included. However, you can claim a deduction on your taxable income under section 80c for your investments in this fund. (Current tax deductions are capped at 1.5 lakh per year).

Portfolio (Updated on 31st Aug,2021)

Portfolio Turnover Ratio : 132.00%  |   Category average turnover ratio is 72.94%  
Fund manager updated portfolio more frequently than peers in last 1 year. (I.e. fund manager held stocks/bonds in the portfolio for shorter duration than peers)
Equity Holding : 97.84% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 97.84%
No of Stocks : 47 (Category Avg - 49.54) | Large Cap Investments : 67.76%| Mid Cap Investments : 12.82% | Small Cap Investments : 7.65% | Other : 9.61%

Top 10 Stocks in Portfolio

How to read this table?
Stock Invested in Sector Value(Mn) % of Total Holdings 1M Change 1Y Highest Holding 1Y Lowest Holding Quantity 1M Change in Qty
ICICI Bank Ltd. Banks 342 8.36% 0.11% 8.45% (Apr 2021) 5.85% (Nov 2020) 4.76 L 0.00
HDFC Bank Ltd. Banks 335.5 8.20% 1.43% 8.92% (Jan 2021) 5.22% (Dec 2020) 2.12 L 25.50 k
Reliance Industries Ltd. Refineries/marketing 322.3 7.88% 1.00% 8.46% (Feb 2021) 6.61% (Oct 2020) 1.43 L 9.80 k
Infosys Ltd. Computers - software 301.2 7.36% -0.85% 8.26% (Jun 2021) 5.18% (Sep 2020) 1.77 L -0.24 L
Tata Consultancy Services Ltd. Computers - software 224.9 5.50% 0.72% 5.5% (Aug 2021) 2.8% (Jan 2021) 59.39 k 0.00
Hindustan Unilever Ltd. Diversified 170.8 4.18% 0.46% 4.4% (Dec 2020) 2.94% (Sep 2020) 62.70 k 0.00
Kotak Mahindra Bank Ltd. Banks 148.5 3.63% 0.07% 6.01% (Oct 2020) 1.5% (Dec 2020) 84.69 k 0.00
Axis Bank Ltd. Banks 134.1 3.28% 1.38% 3.28% (Aug 2021) 0% (Sep 2020) 1.71 L 65.00 k
Larsen & Toubro Ltd. Engineering, designing, construction 130.8 3.20% 0.01% 3.2% (Aug 2021) 1.43% (Nov 2020) 78.24 k 0.00
HCL Technologies Limited Computers - software 95.2 2.33% 0.23% 2.75% (Oct 2020) 1.23% (Jan 2021) 80.50 k 0.00
- indicates change in weight in the portfolio. # indicates a new entry.
Name Type of Instrument Weight (%)
TREPS TREPS 2.42%
Net Receivables Net Receivables -0.26%

Risk Ratios

Ratios calculated on daily returns for last 3 years (Updated as on 31st August, 2021)

  • Standard Deviation

    High volatility
    19.63vs19.37
    Category Avg
  • Beta

    High volatility
    0.91vs0.86
    Category Avg
  • Sharpe Ratio

    Better risk adjusted returns
    0.62vs0.6
    Category Avg
  • Treynor's Ratio

    Poor risk adjusted returns
    0.13vs0.14
    Category Avg
  • Jension's Alpha

    Poor risk adjusted returns
    1.04vs1.89
    Category Avg

Alternative Funds (Category Peers)

Scheme Name
Crisil Rank
Asset Size (Cr)
1M
3M
6M
1Y
3Y
Quant Tax Plan - Direct Plan - Growth 5 368.44 7.95 9.52 36.06 89.77 33.14
IDFC Tax Advantage (ELSS) Fund - Direct Plan - Growth 5 3338.88 5.90 10.18 24.76 75.59 19.53
Nippon India Tax Saver Fund - Direct Plan - Growth 1 12385.02 6.52 13.36 22.86 71.69 11.42
Motilal Oswal Long Term Equity Fund - Direct Plan - Growth 2 2399.62 4.76 12.65 24.62 70.96 17.81
BOI AXA Tax Advantage Fund - Direct Plan - Growth 5 512.07 6.46 15.85 30.57 70.64 26.76
DSP Tax Saver Fund - Direct Plan - Growth 4 9674.96 5.35 11.65 26.02 70.37 22.36
Franklin India Taxshield Fund - Direct - Growth 3 4876.56 5.45 8.82 19.67 69.36 15.50
Axis Long Term Equity Fund - Direct Plan - Growth 3 33871.43 10.40 16.45 26.27 68.98 21.89
JM Tax Gain Fund - (Direct) - Growth 3 62.82 8.00 13.76 23.59 67.72 21.62
ICICI Prudential Long Term Equity Fund (Tax Saving) - Direct Plan - Growth 3 9825.37 6.80 13.71 22.52 66.85 17.43

More Funds from Mahindra Manulife Mutual Fund

Out of 17 mutual fund schemes offered by this AMC, 3 is/are ranked 4 * , 1 is/are ranked 3 * , 1 is/are ranked 2 * , 1 is/are ranked 1 * , and 11 schemes are not ranked. See more about AMC

Scheme Name
Crisil Rank
Asset Size (Cr)
1M
3M
6M
1Y
3Y
Mahindra Manulife Liquid Fund - Direct Plan - Growth 2 1759.94 0.27 0.86 1.73 3.39 5.28
Mahindra Manulife Mid Cap Unnati Yojana - Direct Plan - Growth 4 784.69 5.62 8.73 27.54 72.08 22.53
Mahindra Manulife Flexi Cap Yojana - Direct Plan - Growth NA 736.30 0.00 0.00 0.00 0.00 0.00
Mahindra Manulife Multi Cap Badhat Yojana - Direct Plan - Growth 4 720.63 7.37 13.39 31.65 79.43 25.99
Mahindra Manulife Low Duration Fund - Direct Plan - Growth 1 662.20 0.36 1.16 2.50 4.65 7.19
Mahindra Manulife Focused Equity Yojana - Direct Plan - Growth NA 412.77 6.15 13.22 26.86 0.00 0.00
Mahindra Manulife Top 250 Nivesh Yojana - Direct Plan - Growth NA 410.29 7.16 12.08 26.45 70.14 0.00
Mahindra Manulife ELSS Kar Bachat Yojana - Direct Plan - Growth 4 409.09 6.65 13.51 26.36 71.35 19.50
Mahindra Manulife Equity Savings Dhan Sanchay Yojana - Direct plan - Growth NA 280.71 3.28 6.49 12.28 31.69 14.28
Mahindra Manulife Hybrid Equity Nivesh Yojana - Direct Plan - Growth NA 272.18 4.95 10.28 20.60 55.32 0.00

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