April 25, 2023
mayank
Mahindra Manulife Equity Savings Fund
NAV Growth: Rs 17.6874
NAV IDCW: Rs 13.9203
Suitable For Which Investors?
“Equity-savings funds invest about a third of your money each in equity shares, bonds and arbitrage opportunities, though these proportions may vary a bit depending upon the market outlook of the fund manager. These funds are suitable for those who cannot withstand too much volatility in the value of their investments and are content with moderate returns which are slightly higher than fixed income options.
They may also suit those looking for a regular income from their accumulation. The debt and arbitrage portions of these funds can provide a moderate, but steady stream of income. The equity allocation, though adds a bit of volatility, but helps boost returns to keep up with the rate of inflation over the long term.
Invest only if your investment horizon is three years or more. To derive dependable income with some degree of inflation protection, invest your accumulated savings in these funds gradually over at least a few months, and then maintain a withdrawal rate in the range of 4-6 per cent of the value of your investment every year.”
Fund’s Investment Strategy:
The Scheme seeks to generate long term capital appreciation and also income through investments in equity and equity related instruments, arbitrage opportunities 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) | 1 |
| 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 | 01-Feb-17 |
| Return Since Launch | 9.59% |
| Benchmark | NIFTY Equity Savings TRI |
| Riskometer | Moderately High |
| Type | Open-ended |
| Assets | Rs 413 Cr |
| (As on 31-Mar-2023) | |
| Expense | 0.70% |
| (As on 31-Mar-2023) | |
| Risk Grade | Above Average |
| Return Grade | High |
| Turnover | 353.00% |
Mahindra Manulife Equity Savings Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Mahindra Mnulife Eqt Svngs Fund Dir | -0.79 | 0.20 | 1.58 | -0.67 | 0.76 | 2.16 | 16.37 | 9.27 | — | — |
| VR MIP TRI | 0.73 | 0.40 | 2.42 | 0.37 | 3.12 | 5.53 | 11.06 | 8.11 | — | — |
| Hybrid: Equity Savings | 0.96 | 0.23 | 1.94 | 0.60 | 2.39 | 4.72 | 12.94 | 7.59 | — | — |
| Rank within category | 21 | 17 | 17 | 21 | 21 | 22 | 1 | 1 | — | — |
| Number of funds in category | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 15 | 13 | 1 |
Mahindra Manulife Equity Savings 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 Eqt Svngs Fund Dir | 4 star | 2.16 | 16.37 | 9.27 | 0.70 | 413 | 9.59 | 1.00 (365) | 6yrs 2mo | 353.00 |
| ICICI Pru Eqt Svngs Dir | 5 star | 5.57 | 12.37 | 7.78 | 0.54 | 4,657 | 8.23 | 0.25 (7) | 8yrs 4mo | 36.00 |
| HDFC Eqt Svngs Dir | 4 star | 5.88 | 15.35 | 8.78 | 1.10 | 2,515 | 9.91 | 1.00 (90) | 10yrs 3mo | 26.71 |
| Kotak Eqt Svngs Dir | 5 star | 7.04 | 13.80 | 8.98 | 1.02 | 2,098 | 9.20 | 1.00 (90) | 8yrs 6mo | 492.24 |
| Mirae Asset Eqt Svngs Dir | 4 star | 5.25 | 15.92 | — | 0.49 | 561 | 11.27 | 1.00 (365) | 4yrs 4mo | 620.00 |
Portfolio Analysis
| Number of Stocks | 60 |
| Number of Bonds | 14 |
| Average Maturity (yrs) | 1.74 |
| Top 10 Holdings | 36.27% |
| Portfolio P/B Ratio | 2.44 |
| Portfolio P/E Ratio | 18.81 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,60,033 | 1,94,422 |
| Giant (%) | 55.13 | 60.60 |
| Large (%) | 22.76 | 22.21 |
| Mid (%) | 17.54 | 13.42 |
| Small (%) | 4.57 | 4.87 |
| Tiny (%) | — | — |
| Fund | Category | |
| Number of Securities | 97 | 79 |
| Modified Duration (yrs) | 1.38 | 1.36 |
| Average Maturity (yrs) | 1.74 | 2.14 |
| Yield to Maturity (%) | 7.34 | 7.29 |
| Avg Credit Rating | GOI/Cash | — |
Chanakya’s Mutual Fund Guidance For Mahindra Manulife Equity Savings Fund
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