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Mahindra Manulife ELSS Kar Bachat Yojana - Direct Plan - Growth

  • Regular
  • Direct
Category : ELSS
Fund House :
  • NAV
    : ₹ 20.8038 1.6%
    (as on 30th September, 2022)
Crisil Rank
Above average performance among peers
Risk-O-Meter
Very High

The fund has 94.04% investment in domestic equities of which 56.47% is in Large Cap stocks, 11.56% is in Mid Cap stocks, 10.44% 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.

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Returns (NAV as on 30th September, 2022)

Period Invested for ₹10000 Invested on Latest Value Absolute Returns Annualised Returns Category Avg Rank within Category
1 Week 23-Sep-22 9937.60 -0.62% - -0.98% 16/55
1 Month 30-Aug-22 9683.30 -3.17% - -1.67% 50/55
3 Month 30-Jun-22 11122.20 11.22% - 12.37% 32/55
6 Month 30-Mar-22 10005.50 0.06% - 2.18% 39/55
YTD 31-Dec-21 9963.60 -0.36% - 0.81% 34/55
1 Year 30-Sep-21 10073.80 0.74% 0.74% 2.70% 32/55
2 Year 30-Sep-20 17392.00 73.92% 31.88% 30.73% 16/55
3 Year 30-Sep-19 16850.10 68.50% 18.98% 20.46% 26/54
5 Year 29-Sep-17 17455.50 74.55% 11.77% 12.89% 24/43
Since Inception 18-Oct-16 20803.80 108.04% 13.09% 15.24% 41/51

SIP Returns (NAV as on 30th September, 2022)

Period Invested for ₹1000 SIP Started on Investments Latest Value Absolute Returns Annualised Returns
1 Year 30-Sep-21 12000 12245.16 2.04 % 3.79 %
2 Year 30-Sep-20 24000 28261 17.75 % 16.54 %
3 Year 30-Sep-19 36000 49860.04 38.5 % 22.31 %
5 Year 29-Sep-17 60000 91296.04 52.16 % 16.79 %
 

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,2022)

Portfolio Turnover Ratio : 85.00%  |   Category average turnover ratio is 56.42%  
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 : 94.04% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 94.04%
No of Stocks : 50 (Category Avg - 46.50) | Large Cap Investments : 56.47%| Mid Cap Investments : 11.56% | Small Cap Investments : 10.44% | Other : 15.57%

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
HDFC Bank Ltd. Banks 466.5 9.21% -0.06% 9.72% (Jun 2022) 6.7% (Mar 2022) 3.14 L 0.00
ICICI Bank Ltd. Banks 463.3 9.14% -0.66% 9.8% (Jul 2022) 7.13% (Apr 2022) 5.22 L -0.59 L
Infosys Ltd. Computers - software 428.2 8.45% -0.39% 8.84% (Jul 2022) 6.73% (Apr 2022) 2.87 L 10.00 k
Reliance Industries Ltd. Refineries/marketing 185.1 3.65% -0.49% 8.21% (Sep 2021) 3.65% (Aug 2022) 70.15 k -0.10 L
Larsen & Toubro Ltd. Engineering, designing, construction 183.7 3.63% 0.59% 3.63% (Aug 2022) 2.39% (Apr 2022) 95.54 k 14.00 k
Hindustan Unilever Ltd. Diversified 181.2 3.58% -0.12% 4.13% (Jun 2022) 2.74% (Mar 2022) 68.11 k 0.00
Tata Consultancy Services Ltd. Computers - software 158.3 3.12% -0.23% 5.14% (Sep 2021) 1.8% (Mar 2022) 49.29 k 0.00
Axis Bank Ltd. Banks 146.3 2.89% -0.02% 3.11% (Sep 2021) 2.69% (Dec 2021) 1.95 L 0.00
Bajaj Finance Ltd. Nbfc 109.6 2.16% -0.07% 2.98% (Mar 2022) 0% (Sep 2021) 15.00 k 0.00
Britannia Industries Ltd. Consumer food 93 1.83% 0.40% 1.83% (Aug 2022) 0% (Sep 2021) 24.80 k 7.00 k
- indicates change in weight in the portfolio. # indicates a new entry.
Name Type of Instrument Weight (%)
TREPS TREPS 4.24%
Net Receivables Net Receivables 1.72%

Risk Ratios

Ratios calculated on daily returns for last 3 years (Updated as on 30th August, 2022)

  • Standard Deviation

    High volatility
    20.7vs20.63
    Category Avg
  • Beta

    High volatility
    0.94vs0.89
    Category Avg
  • Sharpe Ratio

    Poor risk adjusted returns
    0.85vs0.87
    Category Avg
  • Treynor's Ratio

    Poor risk adjusted returns
    0.19vs0.2
    Category Avg
  • Jension's Alpha

    Poor risk adjusted returns
    1.21vs3.01
    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 1787.29 1.03 18.20 6.38 14.49 40.99
HDFC Tax Saver Fund - Direct Plan - Growth 4 9787.51 -1.54 11.39 5.90 7.71 16.63
Kotak Tax Saver Fund - Direct Plan - Growth 4 2935.89 -1.81 12.17 1.43 4.71 19.75
IDFC Tax Advantage (ELSS) Fund - Direct Plan - Growth 5 3851.42 -1.40 11.78 0.18 4.62 23.77
Parag Parikh Tax Saver Fund - Direct Plan - Growth NA 733.49 0.00 9.55 3.87 4.48 23.91
PGIM India ELSS Tax Saver Fund - Direct Plan - Growth 5 415.69 -2.09 9.04 -0.96 3.37 19.58
Tata India Tax Savings Fund - Direct Plan - Growth 3 3118.97 -2.47 11.54 0.92 3.19 17.18
Sundaram Tax Saving Fund - Direct Plan - Growth 3 969.37 -2.28 11.46 2.28 2.84 19.37
Franklin India Taxshield Fund - Direct - Growth 3 4862.16 -1.64 12.33 2.61 2.32 16.80
SBI Long Term Equity Fund - Direct Plan - Growth 4 11204.25 -2.86 10.53 3.12 2.25 18.36

More Funds from

Out of 19 mutual fund schemes offered by this AMC, 1 is/are ranked 5 * , 2 is/are ranked 4 * , 3 is/are ranked 3 * , 2 is/are ranked 2 * , and 11 schemes are not ranked. See more about AMC

Scheme Name
Crisil Rank
Asset Size (Cr)
1M
3M
6M
1Y
3Y
Mahindra Manulife Multi Cap Badhat Yojana - Direct Plan - Growth 4 1387.67 -0.61 14.08 0.97 2.62 25.35
Mahindra Manulife Mid Cap Unnati Yojana - Direct Plan - Growth 3 1033.46 -2.06 14.72 2.02 3.95 24.73
Mahindra Manulife Flexi Cap Yojana - Direct Plan - Growth NA 1011.98 -3.23 10.99 0.02 0.59 0.00
Mahindra Manulife Top 250 Nivesh Yojana - Direct Plan - Growth NA 981.17 -1.58 11.96 0.51 3.29 0.00
Mahindra Manulife Balanced Advantage Yojana - Direct Plan - Growth NA 681.97 -0.78 6.34 1.70 0.00 0.00
Mahindra Manulife Liquid Fund - Direct Plan - Growth 3 673.92 0.42 1.28 2.36 4.18 4.18
Mahindra Manulife Focused Equity Yojana - Direct Plan - Growth NA 582.18 -2.16 9.91 0.83 2.64 0.00
Mahindra Manulife Hybrid Equity Nivesh Yojana - Direct Plan - Growth NA 544.10 -2.39 9.22 0.23 2.70 19.44
Mahindra Manulife ELSS Kar Bachat Yojana - Direct Plan - Growth 4 506.65 -3.17 11.22 0.05 0.74 18.98
Mahindra Manulife Equity Savings Dhan Sanchay Yojana - Direct plan - Growth NA 443.94 -0.61 5.37 1.11 2.47 13.02

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