This Top-Rated ELSS Fund From Mahindra Is Good For SIP In 2022; Learn More

Tax planning and saving is essential component of financial planning. An educated tax-planning approach may help individuals reach their financial objectives while also saving money on taxes. It is critical to be aware of several crucial investing suggestions in order to avoid income tax. As a result, mutual funds such as Equity Linked Savings Schemes (ELSS) provide tax advantages. This money can be utilized to get tax benefit under Section 80C of Indian Income Tax Act, 1961.

Mahindra Manulife ELSS Kar Bachat Yojana- Direct Plan (G)

NAV	Fund Size	Expense Ratio
₹21.03	₹ 429.44 Cr	0.74%

NAC as on 04 February 2022

It is a Mahindra Manulife Mutual Fund ELSS mutual fund plan. Fund's Direct Plan-Growth has an AUM of Rs 429 Crores as of 31 December 2021. The fund invests 97.67% of its assets in Indian equities, with 64.92% in large-cap stocks, 9.22% in mid-cap stocks, and 13.2 % in small-cap stocks. The expense percentage of the fund is 0.74%, which is lower than the expense ratio of most other ELSS funds. 

Fund's Direct Plan-Growth returns 32.70 % in the previous year, and it has generated 15.06%average annual returns since its inception. By investing in a diversified range of stocks and equity-related assets, the Fund seeks long-term capital appreciation. It is ranked 2 by the CRISIL with fund 4-star. It offered above-average performance among its peers. The majority of the fund's assets are invested in the financial, technology, construction, energy, and healthcare sectors. In comparison to other funds in the category, it has acquired less exposure in the financial and technology industries.

Fund's top 5 holdings are:

• ICICI Bank Ltd.
• Infosys Ltd.
• HDFC Bank Ltd.
• Reliance Industries Ltd.
• Kotak Mahindra Bank Ltd.

Performance and Returns

Lumpsum Investment Returns - On Rs 10,000 Investment

Period Invested for	Absolute Returns	Annualised Returns	Category Avg
1 Year	32.70%	32.70%	31.95%
2 Year	64.88%	28.36%	27.79%
3 Year	80.98%	21.84%	22.61%
5 Year	96.64%	14.46%	16.23%
Since Inception	110.34%	15.06%	16.89%

SIP Investment Returns - On SIP of Rs 10,000 

Should You Invest?

The Scheme's ability to deliver consistent returns is equivalent to those of other funds in its category. It has an above-average ability to control losses in a declining market. Investors who plan to invest for at least three years, and are seeking extra benefits such as income tax savings in addition to greater expected profits. As an investor, you must invest in the fund through the SIP. On the risk meter, it is a highly risky ELSS fund. While investing in this fund, investors should be prepared for at least a three-year lock-in period with their investment.

Disclaimer

Mutual fund investments are subject to market risk. Read all scheme-related documents, Terms and Conditions carefully before investing. The above-mentioned information is purely informational and carried forward from MoneyControl and CRISIL. The Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.