April 21, 2023
mayank
Mahindra Manulife Aggressive Hybrid Fund
NAV Growth: Rs 18.4667
NAV IDCW: Rs 15.1669
Suitable For Which Investors?
When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. But be prepared for ups and downs in your investment value along the way.
Aggressive hybrid funds invest 65-80 per cent of your money in equity shares and the rest in bonds. Their returns are slightly lower than those of pure equity funds which invest all your money in shares, but they also fall relatively less when the stock markets decline. This makes them suitable for conservative equity investors or first-time equity investors who are not used to sharp ups and downs.
Like for all equity-linked investments, you must invest only through the SIP route.
Fund’s Investment Strategy:
The Scheme seeks to generate long term capital appreciation and also income through investments in equity and equity related instruments and investments in debt and money market instruments.
Fund Manager:
1) Fatema Pacha
Education: Ms. Pacha has done PGDBM (Finance) and BE (Computers)
Experience: Prior to joining MMIMPL, she was associated with ICICI Prudential Life Insurance and UTI Mutual Fund.
2) Manish Lodha
Education: Mr. Lodha is a Chartered Accountant and Company Secretary
Experience: Prior to joining MMIMPL, he was associated with Canara HSBC OBC Life Insurance Co Ltd, Kotak Mahindra Mutual Fund. In these roles, he was responsible for Portfolio Management, Equity Research. He has also held various positions in Finance function during his association with BOC India Ltd (Now Linde India Ltd.).
3) Rahul Pal
Education: Mr. Pal is a B.Com (H) and Chartered Accountant.
Experience: Prior to joining Mahindra Manulife Mutual Fund, he has worked with Taurus AMC, Sundaram Mutual Fund and IDBI Mutual Fund.
Investment Details
| Min. Investment (Rs) | 1,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | For units in excess of 10% of the investment, 1% will be charged for redemption within 365 days |
Basic Details
| Fund House | Mahindra Manulife Mutual Fund |
| Launch Date | 19-Jul-19 |
| Return Since Launch | 17.74% |
| Benchmark | CRISIL Hybrid 35+65 Aggressive Index |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 628 Cr |
| (As on 31-Mar-2023) | |
| Expense | 0.65% |
| (As on 31-Mar-2023) | |
| Risk Grade | Below Average |
| Return Grade | Above Average |
| Turnover | 70.00% |
Mahindra Manulife Aggressive Hybrid Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Mahindra Mnulife Aggressive Hybrid Dir | -1.17 | -0.03 | 2.49 | -1.03 | 1.47 | 4.48 | 23.89 | — | — | — |
| VR Balanced TRI | -1.97 | 0.03 | 3.38 | -1.68 | 1.00 | 4.31 | 21.67 | — | — | — |
| Hybrid: Aggressive Hybrid | -1.05 | 0.04 | 2.97 | -0.54 | 0.74 | 3.99 | 20.66 | — | — | — |
| Rank within category | 25 | 34 | 39 | 35 | 17 | 19 | 9 | — | — | — |
| Number of funds in category | 46 | 46 | 46 | 46 | 46 | 45 | 42 | 31 | 26 | 21 |
Mahindra Manulife Aggressive Hybrid Fund Peer Comparison
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| Mahindra Mnulife Aggressive Hybrid Dir | 4 star | 4.48 | 23.89 | — | 0.65 | 628 | 17.74 | 1.00 (365) | 3yrs 9mo | 70.00 |
| ICICI Pru Eqt & Debt Dir | 5 star | 6.08 | 28.37 | 14.29 | 1.21 | 21,436 | 16.16 | 1.00 (365) | 10yrs 3mo | 31.00 |
| Canara Robeco Eqt Hybrid Dir | 4 star | 3.84 | 19.04 | 11.98 | 0.66 | 8,247 | 13.76 | 1.00 (365) | 10yrs 3mo | 19.00 |
| Mirae Asset Hybrid Eqt Dir | 4 star | 3.80 | 20.36 | 12.11 | 0.43 | 6,949 | 12.68 | 1.00 (365) | 7yrs 8mo | 59.00 |
| HDFC Children’s Gift Dir | 5 star | 12.52 | 26.09 | 12.69 | 0.96 | 6,282 | 15.32 | — | 10yrs 3mo | 4.78 |
Portfolio Analysis
| No. of Stocks | 47 |
| Top 10 Holdings | 39.06% |
| Top 5 Stocks | 25.25% |
| Top 3 Sectors | 38.04% |
| Portfolio P/B Ratio | 3.23 |
| Portfolio P/E Ratio | 23.22 |
| Avg Credit Rating | AAA |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,49,199 | 1,57,588 |
| Giant (%) | 61.32 | 58.73 |
| Large (%) | 11.85 | 15.22 |
| Mid (%) | 15.60 | 19.62 |
| Small (%) | 11.23 | 8.05 |
| Tiny (%) | — | 0.04 |
| Fund | Category | |
| Number of Securities | 61 | 64 |
| Modified Duration (yrs) | 2.58 | 2.58 |
| Average Maturity (yrs) | 3.4 | 3.98 |
| Yield to Maturity (%) | 7.51 | 7.51 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For Mahindra Manulife Aggressive Hybrid Fund
Do not invest in this, or any other aggressive hybrid fund, if you need to redeem your investment in less than five years.
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