★ ★ ★ ★ ☆

Mahindra Dhan Sanchay Equity Savings Yojana Direct Plan Dividend Reinvestment

Equity

  

Sectoral Fund

NAV

10.18 + 0.0955

as on (27 Mar, 2020)

RETURNS

2.06 %

Fund Type

Open Ended

Investment Plan

Dividend Reinvestment

Expense Ratio

0.67 %

Benchmark

CRISIL Liquid Fund TR INR

Asset Size

207.39 Cr.

(As of 30 Apr, 2019)

Risk

Moderately High

Objective

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. However, there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.

app screenshot
Google play store download image   Apple app store download image

Fund manager

Rahul Pal

(since 01 Feb, 2017)

Exit load

1 %

(If redeemed within 360 days)

Minimum sip

₹ 500

minimum investment

₹ 1000

Top Holdings

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.

Company

Assets

HDFC Bank Ltd

5.02 %

7.17% Govt Stock 2028

5.01 %

Reliance Industries Ltd

4.74 %

Housing Development Finance Corp Ltd

3.57 %

Sector Allocation

About the Scheme Type

Sectoral Fund

As the name suggests, Sectoral Funds invest in specific sectors of the economy. These funds are less diversified as they invest entirely in a particular sector; hence, their risk factor also depends on the respective sector’s performance, this carrying high risk. For example, a FMCG fund will only invest in FMCG companies while a tech fund will invest in only tech companies.The aim of these funds is to give investors a chance to benefit from the growth prospects of a particular fund.

Ratings

This fund is rated 4 stars by Morning Star Ratings.

★ ★ ★ ★ ☆

Overview of Mahindra Asset Management Company Pvt. Ltd

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.