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Mahindra Mutual Fund

Mahindra Mutual Fund is a subsidiary of Mahindra and Mahindra Financial Services Limited. Mahindra Asset Management Company Private Limited is the investment manager of Mahindra Mutual Fund and is a company that is registered under the Companies Act of 1956. Mahindra Mutual Fund offers a variety of mutual fund investment options pan-India and has a special focus in semi-urban and rural areas of the country.

Types of Mutual Funds offered by Mahindra Mutual Fund

Mahindra Mutual Fund offers different types of funds which have been listed as follows:

  • Equity Funds
  • Debt Funds
  • ELSS Funds
  • Liquid Funds

Equity funds offered by Mahindra Mutual Fund

Listed below are the different equity funds offered by Mahindra Mutual Fund:

  1. Mahindra Unnati Emerging Business Yojana
  2. Fund Type

    This is an open-ended equity scheme where the investment is mainly made on mid-cap stocks.

    Entry Load

    N/A

    Exit Load

    An exit load of 1% will have to be paid if the units are redeemed on or before the completion of 12 months starting from the date of allotment of these units.

    The exit load is Nil if the units are redeemed or switched out after the completion of 12 months starting from the date of allotment of units.

    Fund Manager

    Ratish Varier

    Risk Factor

    Moderately high

    Investment Objective of Mahindra Unnati Emerging Business Yojana

    The main objective of the Mahindra Unnati Emerging Business Yojana is to provide long-term growth opportunities and long-term capital appreciation. This is done by making investments in a portfolio that comprises equity and equity-related securities in mid-cap companies. However, no guarantees are provided on whether the investment objective will be fulfilled.

    Who is the Mahindra Unnati Emerging Business Yojana for?

    This scheme is mainly useful for people who are seeking to enhance their long-term investments. These investments are mainly made in equity and equity-related securities that also include derivatives of mid-cap companies. Investors should make sure that they consult their financial advisors before opting for this option as the risk involved here is moderately high.

  3. Mahindra Dhan Sanchay Equity Savings Yojana
  4. Fund Type

    This is an open-ended scheme where investments are made in arbitrage, equity, and debt.

    Entry Load

    N/A

    Exit Load

    • On or before the completion of 12 months from the date the units were allotted, 10% of the allotted units can be redeemed without paying any exit load.
    • An exit load of 1% will have to be paid if the units are redeemed on or before the completion of 12 months starting from the date of allotment of these units.
    • Exit load need not be paid for units that are redeemed after the completion of 12 months from the date the units were allotted.

    Fund Manager

    Ratish Varier and Rahul Pal

    Risk Factor

    Moderately high

    Investment objective of the Mahindra Dhan Sanchay Equity Savings Yojana

    The main objective of this scheme is to plan long-term financial goals and generate income through investments in equity and equity related instruments, investments in debt and money market instruments, and arbitrage opportunities. The scheme does not guarantee any returns and no assurance is provided that the investment objective will be fulfilled.

    Who is the Mahindra Dhan Sanchay Equity Savings Yojana for?

    This product is for investors who are looking for long-term capital appreciation and generating an income to go with it.

  5. Mahindra Mutual Fund Badhat Yojana
  6. Fund Type

    This is an open-ended scheme where investments are made across small-cap, mid-cap, and large-cap stocks.

    Entry Load

    N/A

    Exit Load

    1% will have to be paid as exit load when the units are redeemed on or before the completion of 12 months starting from the date the units were allotted.

    Fund Manager

    Ratish Varier

    Risk Factor

    Moderately high

    Investment objective of the Mahindra Mutual Fund Badhat Yojana

    The main objective of this scheme is to provide medium to long-term appreciation of capital by taking lower amounts of risk on business quality. The portfolio generally predominantly consists of equity-related securities that also includes derivatives.

    Who is the Mahindra Mutual Fund Badhat Yojana for?

    The Mahindra Mutual Fund Badhat Yojana is for people who are looking at medium to long-term capital appreciation. The majority of the investments in this scheme are made in equity and equity-related securities including derivatives.

Debt funds offered by Mahindra Mutual Fund

Mahindra Mutual Fund offers one debt scheme, the Mahindra Low Duration Bachat Yojana.

Mahindra Low Duration Bachat Yojana

Fund Type

This is an open-ended, low duration debt scheme which invests in instruments so as to limit the portfolio’s Macaulay duration between 6 - 12 months.

Entry Load

N/A

Exit Load

Nil

Fund Manager

Rahul Pal

Risk Factor

Moderately low

Investment objective of the Mahindra Low Duration Bachat Yojana

The primary objective of this scheme is to provide reasonable returns that are proportional to the moderate level of risk involved in this plan through a portfolio that constitutes money market and debt instruments.

Who is the Mahindra Low Duration Bachat Yojana for?

This scheme will be suitable for investors who are looking for an alternative to their current account in situations when they have additional cash to invest in the short-term. This will be ideal for people looking for a high level of liquidity and good yields that have been made on instruments with a relatively low amount of risk. The risk level of this fund is moderately low.

ELSS Funds offered by Mahindra Mutual Fund

Mahindra Mutual Fund offers one ELSS scheme, the Mahindra Mutual Fund Kar Bachat Yojana scheme. The details of this scheme have been listed below:

Mahindra Mutual Fund Kar Bachat Yojana

Fund Type

This is an open-ended equity linked saving scheme that comes with a statutory lock-in period of 3 years and tax benefit.

Entry Load

N/A

Exit Load

Nil

Fund Manager

Ratish Varier

Risk Factor

Moderately high

Investment objective of the Mahindra Mutual Fund Kar Bachat Yojana

The objective of this scheme is to generate a long-term capital appreciation. This is done through a portfolio that consists of equity and equity-related securities.

Who is the Mahindra Mutual Fund Kar Bachat Yojana for?

The Mahindra Mutual Fund Kar Bachat Yojana is suitable for people who are looking for long-term capital appreciation. All the investments made under this scheme are entitled to tax exemption. Having a shorter lock-in period can help protect your investments from the impact the investments could have due to short-term market volatility.

Liquid Fund offered by Mahindra Mutual Fund

Mahindra Mutual Fund offers one Liquid Fund scheme and it is called Mahindra Liquid Fund. The details of the scheme have been listed below:

Fund Type

The Mahindra Liquid Fund is an open-ended liquid scheme.

Entry Load

N/A

Exit Load

Nil

Fund Manager

Rahul Pal

Risk Factor

Low

Investment Objective of Mahindra Liquid Fund

This liquid fund scheme aims to deliver reasonable returns at a lower risk rate and higher liquidity. This is achieved through a portfolio of debt and money market instruments. No assurances are provided that the scheme will achieve the investment objective or guarantee any form of returns.

Who is the Mahindra Liquid Fund plan for?

This scheme will be most suitable for people who are looking for a regular income over a short period of time. This scheme potentially will have better returns than the normal savings account deposit so people looking to opt for a savings account deposit can opt for this scheme.

Save Tax by Investing in Tax Savings Mutual Funds from Mahindra Mutual Funds

According to Section 80C of the Income Tax Act 1961, individuals can claim deductions up to Rs.1.5 lakh in any mutual fund that has been referred to . You can invest in Mahindra Mutual Fund Kar Bachat Yojana if you wish to avail tax benefits through the investment.

Who is eligible for Mahindra Mutual Fund?

Listed below are the people and entities that can invest in Mahindra Mutual Fund:

  • Companies
  • Trusts
  • Hindu Undivided Families
  • NRIs
  • Banking Companies
  • Partnership firms
  • FIIs
  • Pension funds
  • Parents or lawful guardians on behalf of minors
  • Insurance companies

Documents required for Mahindra Mutual Fund

Listed below are the documents you will need to invest in mutual funds:

  • A passport-size photograph and a KYC individual form.
  • Any identity proof - Aadhar Card, PAN, Voter’s ID, Passport or Driving Licence.
  • Necessary application forms - one to choose a SIP, one to open a Mutual Fund account, and one if you wish to transfer money from your bank account electronically.
  • In case of an investment on behalf of a minor, a third-party declaration form has to be submitted along with the other application forms.

How to invest in Mahindra Mutual Fund online?

Here are some of the steps one has to follow to invest in Mahindra Mutual Fund online:

  • Visit the official website of Mahindra Mutual Fund.
  • There will be a pop-up which will have two options to choose - ‘I AM A US PERSON/ RESIDENT OF CANADA’ and ‘I AM NOT A US PERSON/ RESIDENT OF CANADA’. Choose the second option to proceed.
  • You will be redirected to a page that consists of all the popularly featured funds of the company. Select the ‘VIEW ALL FUNDS’ provided at the bottom of these featured funds to look at all the investment options offered by the company.
  • Select the ‘KNOW MORE’ provided below each of the investment options to know the details of the plans.
  • Choose the fund option as either ‘Growth’ or ‘Dividend’ based on the type of investment you wish to make. Select the plan you wish to opt for. You can either choose a ‘Regular’ or a ‘Direct’ plan depending on your needs.
  • Click on the ‘INVEST NOW’ option. This opens a new window where you can choose the mode of payment and the investment amount. The payment mode can either be ‘Lump sum’ or ‘Systematic Investment Plan’(SIP). The minimum amount you can invest in almost all the plans is Rs.1,000.
  • Click on ‘PROCEED WITH MY INVESTMENT’ after entering these details. You will be redirected to a page where you will have to enter all your individual details. There is also an option provided on top for existing investors if you wish to make any changes to the scheme you have opted for earlier.
  • The payment can be made after this via one of the payment options provided. Make sure you print and keep the confirmation page so that it can be used for future reference. This will complete your transaction.

Why choose Mahindra Mutual Fund?

Mahindra Finance has been one company which has consistently been on the rise always trying to put the customer’s interests first. The company has over 1,172 offices that cover 3 union territories and 26 states in the country and has more 4.25 million trusted customers, a number which has continued to increase over the years.

Frequently Asked Questions

  1. Is there an option online to create a minor account?
  2. Yes, there is an option to create a minor account online. After going to the homepage, click on the ‘New

    Investor’ option provided there. Click on ‘Open Account Online’, fill in all the necessary details. You can sign up either using Google, Facebook, or your existing email ID. Transactions can be done once the folio is activated.

  3. What are the available types of investment modes?
  4. There are two modes of investment available in Mahindra Mutual Fund. One is the Systematic Investment Plan (SIP) which allows investment either on a quarterly or monthly basis for a fixed period of time. The other is the Lump sum mode where the investment will have to be made as a one-time payment.

  5. How to verify if my transaction has been successful?
  6. Login to the Investment Portal by entering your user ID and password. Check the status column in the

    ‘Recent Activity’ section. The transaction has been successful if this column shows ‘Completed’.

    Transaction status can also be checked by accessing the Statement option on the dashboard.

  7. How do I add a nominee?
  8. In order to add or change the nominee, a written request duly signed by every single holder of the

    Folio or the Non-Financial Transactions Form signed by all holders of the Folio has to be submitted regardless of their mode of holding at the nearest Investor Service Center or any of the Mahindra Mutual Fund Official Points of Acceptance.

  9. Can a joint account be created online?
  10. No, a joint account cannot be created online nor can transactions be made with it. Contact

    customer care to know more details about the same. Toll-free number- 1800 419 6244.

  11. How can I complete my KYC verification process?
  12. You will have to first download the C-KYC form from the Downloads Section on the website. This C-KYC

    form has to be filled and submitted to the nearest CAMS Investor Service Centre or AMC office. To locate the

    nearest branch, go to the ‘Contact Us’ option provided on the website and click the ‘Locate Us’ option.

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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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