Mahindra Manulife Multi Cap Badhat Yojana - Regular Plan - Growth

About Mahindra Mutual Fund Badhat Yojana

Mahindra Mutual Fund Badhat Yojana is an open-ended scheme which invests in equity and equity related securities including derivatives. The scheme strives to deliver long-term capital appreciation by balanced investment in stocks across market capitalisation. The maximum asset allocation to debt and money market instrument is 25%.

Pros & Cons of Mahindra Mutual Fund Badhat Yojana

Mahindra Mutual Fund Badhat Yojana offers the following benefits: 1. The scheme is a multi-cap fund as it invests in stocks irrespective of its market capitalisation. 2. This ensures diversification of the investments enabling improved returns. 3. However, the fund is relatively new and returns so far have been less than the average category returns.

Fund Information and Statistics of Mahindra Mutual Fund Badhat Yojana

i) Inception / Launch date

The Mahindra Mutual Fund Badhat Yojana was launched on May 11, 2017, by Mahindra Mutual Funds.

ii) Risk level

Mahindra Mutual Fund Badhat Yojana is a moderately high-risk bet due to exposure in equities. It is suitable for investments with medium to long-term time horizon.

iii) Redemption

The units can be redeemed on any business day based on the NAV prices. Under normal circumstances, your fund house will dispatch the redemption proceeds within 10 business days.

iv) Fund Manager

The fund is managed by Mr Ratish Varier since May 11, 2018. He has previously worked with Reliance Life Insurance Company Ltd. and ICAP Pvt Ltd.

v) Entry / Exit load

The fund house does not charge any entry load but charges 1% exit load if investments are redeemed within 1 year from the date of allotment. There is no exit load after one year.

Tax benefits of investing in Mahindra Mutual Fund Badhat Yojana

The Short-term capital gain tax of 15% is applicable if redeemed within one year of purchase, whereas a long-term capital gain, in excess of Rs 1 lakh, are taxed at 10% if sold after one year. Dividend distribution tax is applicable.

About Mahindra Mutual Fund

Mahindra Mutual Fund was constituted as per the terms of the trust deed dated September 29, 2015, between the Mahindra and Mahindra Financial Services Limited. The fund house is run by a strong team with vast experience. Mahindra Mutual Fund has grown in a short span and strives to become a dominating force in rural and semi-urban areas.