Mahindra Dhan Sanchay Equity Savings Yojana-Reg(G)

Mahindra Dhan Sanchay Equity Savings Yojana-Reg(G)
Dividend Yearly
NA
Category
Equity - Others
52-week NAV high
11.78  (As on 28-11-2019)
52-week NAV low
10.65  (As on 19-02-2019)
Expense
2.4%  (As on 30-11-2019)

Performance

1 mnth 3 mnth 6 mnth 1 yr 2 yr 3 yr 4 yr 5 yr 10 yr
Fund Returns 0.22 4.81 2.39 8.46 2.52 - - - -
Scheme Details
Fund Type
Open Ended
Investment Plan
Growth
Bonus
NA
Launch Date
Feb 01, 2017
Last Dividend
NA
Minimum Investment
1000

Mahindra Dhan Sanchay Equity Savings Yojana - Regular Plan - Growth is an open-ended scheme that invests in debt, arbitrage, and equity. This fund is offered by the Mahindra Mutual Fund. This product offers benefits such as regular investments that result in wealth accumulation, balancing investment risks in equity with invests in debt and money market instruments, and flexibility in asset allocation in relation to ever-changing market scenarios.

Mahindra Mutual Fund aims to provide a wide range of mutual fund schemes pan-India, especially in the semi-urban and rural areas. It was constituted as a trust on 29 September 2015 as per the provisions of the Indian Trusts Act, 1882, between the sponsor - Mahindra and Mahindra Financial Services Limited and the trustee - Mahindra Trustee Company Private Limited. The investment manager for Mahindra Mutual Fund is Mahindra Asset Management Company Private Limited.

Investment Objective of Mahindra Dhan Sanchay Equity Savings Yojana - Regular Plan - Growth

The investment objective of this scheme is to generate capital appreciation in the long-term by investing in equity and equity-related instruments, debt and money market instruments, and arbitrage opportunities. No dividends will be declared under the Growth option of this scheme. Any income earned under the option will be invested in the scheme and reflected in the net asset value (NAV). This scheme option is ideal for those who aren’t looking for current income but capital appreciation in the long-term. There isn’t any guarantee/assurance of the aforementioned investment objective.

Key Features of Mahindra Dhan Sanchay Equity Savings Yojana - Regular Plan - Growth

This mutual fund scheme is best suited to those individuals who aim for wealth accumulation over a long period of time. Listed below are some important features of the scheme:

Type of fund

It is an open-ended scheme, investing in arbitrage opportunities, debt and money market instruments, and equity and equity-related instruments.

Plans available

The types of plans available under this scheme are Regular and Direct plans.

Options under each plan

  • Further, Regular and Direct plans offer Dividend and Growth options.
  • Under the Dividend option, you have the Dividend Payout and Dividend Reinvestment facilities.
  • Growth is the default option while Dividend Reinvestment under Dividend option is the default facility.

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 - Growth

Minimum application amount

Rs.1,000 and thereafter in multiples of Re.1

Minimum additional investment

Rs.1,000 and thereafter in multiples of Re.1

Minimum installment for Systematic Investment Plan (SIP)

  • Rs.500 each and thereafter in multiples of Re.1 for 6 monthly installments.
  • Rs.1,500 each and thereafter in multiples of Re.1 for 4 quarterly installments.

Minimum installment for Systematic Withdrawal Plan (SWP)

  • Rs.500 each and thereafter in multiples of Re.1 for 2 monthly installments.
  • Rs.500 each and thereafter in multiples of Re.1 for 2 quarterly installments.

Entry Load

NA

Exit Load

  • 1% exit load is payable if more than 10% of the allotted units have been redeemed or switched-out on or before 1 year from the date of allotment of units.
  • If the units are switched-out or redeemed post completion of 12 months from the date of allotment of units, the exit load is nil.

Asset Allocation for Mahindra Dhan Sanchay Equity Savings Yojana - Regular Plan - Growth

The allocation of assets of the scheme under normal circumstances is as follows:

Instruments

Indicative allocation of assets (%)

Risk Profile

Minimum

Maximum

Equity and related securities

65%

85%

High

Equity and related securities (unhedged)

40%

60%

High

Equity and equity-related securities, and derivatives that include index and stock futures, index and stock options, and so on as a part of arbitrage exposure (hedged)

5%

25%

Medium to High

Debt and money market securities

15%

35%

Low to Medium

Units issued by InvITs and REITs

0%

10%

-

The allocation of assets of the scheme under defensive circumstances is as follows:

Instruments

Indicative allocation of assets (%)

Risk Profile

Minimum

Maximum

Equity and related securities

45%

65%

High

Equity and related securities (unhedged)

40%

60%

High

Equity and equity-related securities, and derivatives that include index and stock futures, index and stock options, and so on as a part of arbitrage exposure (hedged)

0%

5%

Medium to High

Debt and money market securities

35%

55%

Low to Medium

Units issued by InvITs and REITs

0%

10%

-

NAV Disclosure and Benchmark for Mahindra Dhan Sanchay Equity Savings Yojana - Regular Plan - Growth

  • NAV Disclosure: The NAVs will be published in minimum 2 daily newspapers. It shall be updated by the asset management company (AMC) before 9:00 p.m. every business day on its official website (www.mahindramutualfund.com) and the website (www.amfiindia.com) of the Association of Mutual Funds in India (AMFI). The NAV of the schemes will be disclosed on all business days. The below-mentioned formula is used for NAV calculation for each option:

NAV per unit in Rupees = (Market/Fair Value of Scheme’s Investments + Current Assets including Accrued Income - Current Liabilities and Provisions)/Number of units outstanding under the scheme divided by the option on the day of valuation

  • Liquidity: The units of the scheme are offered for subscription and redemption for prices based on the NAV on all business days. The AMC will dispatch the proceeds in 10 business days from the date of receipt of the redemption request made by the investor or unitholder.
  • Benchmark Index: 55% Nifty Index + 30% Crisil Composite Bond Fund Index+15% Crisil Liquid Fund Index

Mahindra Dhan Sanchay Equity Savings Yojana Fund Manager

Mr. Rahul Pal and Mr. Ratish Varier are the fund managers of the Mahindra Dhan Sanchay Equity Savings Yojana - Regular Plan - Growth scheme. Both of them have been managing the scheme since 1 February 2017. The former also manages other schemes which include Mahindra Low Duration Bachat Yojana and Mahindra Liquid Fund. The latter manages other schemes such as the Mahindra Unnati Emerging Business Yojana, Mahindra Mutual Fund Bhadat Yojana, and Mahindra Mutual Fund Kar Bachat Yojana.

Why you should Invest in Mahindra Dhan Sanchay Equity Savings Yojana - Regular Plan - Growth?

This scheme is suitable for individuals who want long-term capital appreciation and can do without current income. The scheme offers benefits such as flexible asset allocation facility, balances investment risks in equity, and wealth accumulation as a result of investments made over a long period of time.

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Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

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