The Mahindra Dhan Sanchay Equity Savings Yojana - Regular Plan - Dividend is an open-ended scheme offered by Mahindra Mutual Fund. This scheme invests in equity, debt, and arbitrage securities. In the regular plan of this scheme, a commission is paid to an intermediary. This is paid for by the investor through the expense ratio. The dividend fund option provides a steady income with a good level of appreciation as well.
Investment Objective of Mahindra Dhan Sanchay Equity Savings Yojana - Regular Plan - Dividend
The objective is to offer investors capital appreciation over the long term. It also aims to provide income through investments in debt and money market instruments, equity and related instruments, and arbitrage opportunities.
Key Features of Mahindra Dhan Sanchay Equity Savings Yojana - Regular Plan - Dividend
The fund is ideal for those planning long-term financial goals. Some of the key features are:
|
Type of fund |
Open-ended diversified equity fund |
|
Plans available |
Regular and Direct |
|
Options under each plan |
Both plans offer the Growth and Dividend options. The Dividend option offers:
|
|
Risk |
Moderately High |
|
Systematic Investment Plan |
Available |
|
Systematic Transfer Plan |
Not available |
|
Systematic Withdrawal Plan |
Available |
Investment Amount for Mahindra Dhan Sanchay Equity Savings Yojana -Regular Plan -Dividend
|
Minimum application amount |
Rs.1,000 and subsequently multiples of Re.1 |
|
Minimum additional investment |
Rs.1,000 and subsequently multiples of Re.1 |
|
Minimum installment for Systematic Investment Plan (SIP) |
Monthly - 6 installments of Rs.500 each and in multiples of Re.1 thereafter Quarterly - 4 installments of Rs.1500 each and in multiples of Re.1 thereafter |
|
Minimum installment for Systematic Withdrawal Plan (SWP) |
Monthly - 2 installments of Rs.500 each followed by Re.1 multiples after Quarterly - 2 installments of Rs.500 each followed by Re.1 multiples after |
|
Entry Load |
Not applicable |
|
Exit Load |
If redeemed on or before 12 months is completed from the date of the unit allotment, 10% of the units can be redeemed without exit load. Exit load of 1% is payable when the units are redeemed or switched out if it is on or before 12 months are completed from the unit allotment date. If the units are redeemed after the completion of 12 months from the date units are allotted, then exit load is nil. |
No minimum balance to be maintained.
Asset Allocation for Mahindra Dhan Sanchay Equity Savings Yojana -Regular Plan -Dividend
|
Instruments |
Indicative Allocation Percentage of assets |
Risk Profile |
|
|
Minimum |
Maximum |
||
|
Equity and related securities of which |
65% |
85% |
High |
|
40% |
60% |
High |
|
2) Equities, related securities, and derivatives |
5% |
25% |
Medium to High |
|
Debt and money market securities |
15% |
35% |
Low to Medium |
|
Units issued by InvITs and REIT |
0% |
10% |
|
NAV Disclosure and Benchmark for Mahindra Dhan Sanchay Equity Savings Yojana - Regular Plan - Dividend
NAV Disclosure: The NAV for each option is calculated by dividing the scheme’s net assets by the number of outstanding units at the end of valuation day. A separate NAV will be calculated for each option or plan. The scheme’s NAV will be calculated and disclosed on a daily basis on all business days.
Liquidity: Units can be subscribed to and redeemed at prices based on NAV on all business days.
Composite Benchmark Index: 55% Nifty Index + 30% Crisil Composite Bond Fund Index + 15% Crisil Liquid Fund Index
Mahindra Dhan Sanchay Equity Savings Yojana Fund Manager
The fund is managed by Mr. Rahul Pal and Mr. Ratish Varier
Mr. Rahul Pal has been managing the scheme since 2017. He is the head of fixed income, Mahindra Asset Management Co. Pvt. Ltd. The other schemes managed by him are the Mahindra Liquid Fund and the Mahindra Low Duration Bachat Yojana.
Mr. Ratish Varier has been managing the scheme since 2017. He is the fund manager for equity, Mahindra Asset Management Co. Pvt. Ltd. The other schemes managed by him are Mahindra Mutual Fund Kar Bachat Yojana and Mahindra Mutual Fund Badhat Yojana.
Why you should Invest in Mahindra Dhan Sanchay Equity Savings Yojana - Regular Plan - Dividend
- Ideal for those who have less experience, knowledge, or time to invest directly in mutual funds. In the regular plan, the distributor or advisor makes well-informed decisions and invests on your behalf.
- Investors get a steady flow of income because of the dividend option, but combined with a good amount of capital appreciation.
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GST rate of 18% applicable for all financial services effective July 1, 2017.
