Mahindra Mutual Fund Kar Bachat Yojana - Regular Plan - Growth
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- Save up to Rs 46,800 in taxes every year.
- Highest returns compared to other 80C investments.
- Lowest lock-in of 3 years
|Tax Saving FD||PPF||ELSS|
|Average Annualised Returns i||6%||8%||12%|
|Tax rates i||30%||Not taxable||10%*|
|Returns after tax i||4.2%||8.00%||10.80%|
|Current rate of Inflation i||4%||4%||4%|
|Real Rate of Return i||0.2%||4.00%||6.80%|
|Lock-in Period i||5 years||15 years||3 years|
- Fund Summary
- More about Fund
- Related funds
- Why Cleartax
|Risk||Moderately High risk|
|Fund Type||ELSS (Tax Savings)|
More about this fund
|HDFC Bank Ltd||7.56%|
|ICICI Bank Ltd||5.27%|
|Kotak Mahindra Bank Ltd||5.21%|
|Bajaj Finance Ltd||4.44%|
|Reliance Industries Ltd||4.35%|
|Housing Development Finance Corp Ltd||4.09%|
|Honeywell Automation India Ltd||3.45%|
|Grindwell Norton Ltd||2.95%|
|State Bank of India||2.94%|
|Larsen & Toubro Ltd||2.53%|
About Mahindra Mutual Fund Kar Bachat Yojana
Mahindra Mutual Fund Kar Bachat Yojana is an open-ended Equity Linked Savings Scheme (ELSS) which has a statutory lock-in period of 3 years. It maintains a well-diversified portfolio comprising primarily equity and equity-related securities across industry sizes and sectors. The fund provides opportunities for wealth creation over the long term in addition to tax benefits. However, the scheme does not guarantee assured returns due to presence of market risks.
Pros & Cons of Mahindra Mutual Fund Kar Bachat Yojana
Mahindra Mutual Fund Kar Bachat Yojana offers the following benefits:
- Tax deduction of upto Rs 1.5lakh under Section 80C of the Income Tax Act
- Shortest lock-in period allows the fund manager to take better decision and look through the interim volatility.
- Being a recently launched fund, it has a short performance record. The fund has beaten the benchmark by wide margins in 1 month and 3 month time horizons. However, it was unable to contain losses during the 1 year period.
Fund Information and Statistics of Mahindra Mutual Fund Kar Bachat Yojana.
Inception / Launch date
Mahindra Mutual Fund Kar Bachat Yojana was launched on 18 October 2016 by Mahindra Mutual Fund.
Being a multi-cap fund, Mahindra Mutual Fund Kar Bachat Yojana is a moderately high risk bet and suitable for investors who have a long-term investment horizon of more than 5 years.
Redemption of Units can be made only after the expiry of the lock-in period of three years from the date of allotment of units which the holder has proposed to redeem. It will be done by a repurchase/buyback by the fund house. Under normal circumstances, your fund house will dispatch the redemption proceeds within 10 business days from date of receipt of request.
Mr. Ratish Varier, who hold a rich experience in fund management, has been managing the Mahindra Mutual Fund Kar Bachat Yojana since 18 October 2016.
Entry / Exit load
The fund house does not charge any entry load and exit load for investing in Mahindra Mutual Fund Kar Bachat Yojana.
Tax benefits of investing in Mahindra Mutual Fund Kar Bachat Yojana
Mahindra Mutual Fund Kar Bachat Yojana has a lock-in period of three years which is the lowest amongst all other tax saving alternatives available in India. It helps you to claim a tax deduction of up to Rs. 1.5 lakhs under Section 80C from your Gross Total Income and enables saving taxes up to Rs. 46,800.
About Mahindra Mutual Fund
On 29 September 2015, Mahindra Mutual Fund was established as a trust between Mahindra Financial Services Limited as the Sponsor and Mahindra Trustee Company Private Limited. The fund house offers a range of mutual fund schemes across India, with a special emphasis on rural and semi-urban areas.
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All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns