Based on a 5-year SIP, this fund is good for investments, with returns of over 60%

Mahindra Manuvie Multi-Cap Badhat Yojana – Direct Plan-Growth

This Multi-Cap Equity fund is a 5-year fund launched on May 11, 2017 by the Mahindra Manulife Mutual Fund. It is a small fund in its category. The current Assets Under Management (AUM) of this fund is Rs 1151.41 Crore. The net asset value (NAV) as of May 25, 2022 is Rs 20,488. It has an expense ratio of 0.5%, which is lower than the average expense ratio for its category in comparison.

It is an open-ended, high-risk investment fund. It has been rated 4 stars by CRISIL. NIFTY 500 Multi-Cap 50:25:25 TRI is the fund’s benchmark index. Investment in this fund starts with Rs 1,000, the minimum investment amount required, whereas, for SIP, the minimum amount required is Rs 500. This fund has no lock-up period. However, it charges 1% for redemption within 365 days of investment.

Absolute and annualized returns

Absolute and annualized returns

Flat-rate returns on investment

Since launch, it has generated average annual returns of 15.29%.

Mandate Absolute returns Annualized returns
1 year 11.17% 11.17%
2 years 106.75% 43.57%
3 years 77.69% 21.08%
5 years 103.93% 15.31%
Since the creation 104.88% 15.29%

SIP Returns

Over the past year, it has generated negative returns.

Mandate Absolute returns Annualized returns
1 year -4.15% -7.62%
2 years 25.47% 23.54%
3 years 43.74% 25.06%
5 years 62.21% 19.44%

Wallet

The fund is 96.2% invested in Indian stocks, with 47.36% in large cap stocks, 19.41% in mid cap stocks and 22.79% in small cap stocks.

The majority of funds in the fund are invested in the financials, energy, capital goods, consumer staples and technology sectors. Compared to other funds in the category, the fund took less exposure to the financials and energy sectors.

The fund’s top holdings include State Bank of India, ICICI Bank Ltd., ITC Ltd., Reliance Industries Ltd. and Infosys Ltd.

Warning

Warning

Investments in mutual funds are subject to market risk. Read all program documents and terms and conditions carefully before investing. The information mentioned above is purely informative and does not guarantee any return. Greynium Information Technology and the author are not responsible for any losses caused as a result of any decision based on the article.