IISL Nifty 200 PR INR
(As of 31 Oct, 2020)
The investment objective of the Scheme is to generate long-term capital appreciation through a diversified portfolio of equity and equity related securities. The Scheme does not guarantee or assure any returns.
N / A
This fund is been allocated in various sectors including some of the prominent ones that are widely accepted and are creating a value of trust.
Reliance Industries Ltd
HDFC Bank Ltd
Kotak Mahindra Bank Ltd
ELSS or Equity Linked Saving Schemes can help you with a two-fold benefit of saving your taxes and growing your money. ELSSare open-ended Equity Mutual Funds, investments in which qualify for tax exemptions under section 80C of the Income Tax Act of 1961. The scheme invests at least 80% of its total assets in equity and equity-linked instruments and comes with a mandatory lock-in period of 3 years. Returns from ELSS investments over and above 1 lac rupees are subject to LTCG (Long-Term Capital Gains) Tax at 10%.Given that these funds are passively managed, it also reduces the expense ratio and other fees making them cost efficient.
This fund is rated 3 stars by Morning Star Ratings.
Mahindra Mutual Fund has been constituted as a trust in accordance with the provisions of the Indian Trusts Act, 1882, as per the terms of the trust deed dated September 29, 2015 between the Mahindra and Mahindra Financial Services Limited as the Sponsor and Mahindra Trustee Company Private Limited, as the Trustee. The Trust Deed has been registered under the Indian Registration Act, 1908. Mahindra Mutual Fund has been registered with SEBI, under registration code MF/069/16/01.
Mahindra Asset Management Company Private Limited, a company incorporated under the Companies Act, 1956, is the Investment Manager for Mahindra Mutual Fund. It is a wholly owned subsidiary of Mahindra and Mahindra Financial Services Limited (MMFSL). Mahindra Mutual Fund endeavours to offer a variety of mutual fund schemes pan-India, with special focus in rural and semi-urban areas.
Vision statement of Mahindra Mutual Fund – To be a leading provider of financial services in the rural and semi-urban areas of India.
Mission statement of Mahindra Mutual Fund – To transform rural lives and drive positive change in the communities.