MAHINDRA MANULIFE
ELSS KAR BACHAT YOJANA
(An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit)
(Scheme Code : MMEKBY)
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One Pager as on October 31, 2022
 | Tax benefit with deduction under Section 80C of Income Tax Act, 1961* |
 | 3-year lock-in period to maximise growth potential |
 | Potential Capital Appreciation through a diversified equity portfolio |
| *Assuming investor uses the entire ₹ 1.50 lac limit available under section 80C of the Income Tax Act 1961 for investing in Mahindra Manulife ELSS Kar Bachat Yojana. The tax benefit is calculated on the basis of current applicable tax rates under the old regime, ignoring marginal relief on surcharge, if any, for net taxable income between ₹ 50 lacs and ₹ 1 crore. Please consult your Financial / tax advisor before investing. Note: The Finance Act 2020 has introduced a new income tax regime at concessional tax rates for individual taxpayers. However, the option for such concessional tax regime requires the taxpayer to forego certain specified deductions including deduction u/s 80C of Income Tax Act, 1961. | |
• A well-diversified portfolio that looks to capture potential long term growth opportunities from across market caps.
• Key Underweights sectors /Industries includes Finance ,Utilities and Oil &Gas vs the Schemes Benchmark
• Portfolio has started shifted some allocation to smallcaps from largecaps as rate hike cycle is near its peak
Data as on October 31, 2022
| Sector | MMEKBY | Nifty 500 TRI Index |
| Financial Services | 33.63% | 30.58% |
| Information Technology | 14.07% | 10.83% |
| Capital Goods | 5.62% | 3.51% |
| Oil Gas & Consumable Fuels | 5.48% | 10.37% |
| Automobile And Auto Components | 5.28% | 5.81% |
Data as on October 31, 2022
| Security | % to Net Assets |
| HDFC Bank Limited | 9.08% |
| Infosys Limited | 8.52% |
| ICICI Bank Limited | 8.29% |
| Reliance Industries Limited | 5.48% |
| Axis Bank Limited | 4.37% |
| Bajaj Finance Limited | 3.73% |
| Hindustan Unilever Limited | 3.36% |
| Larsen & Toubro Limited | 3.27% |
| Tata Consultancy Services Limited | 3.04% |
| Ingersoll Rand (India) Limited | 1.82% |
| Top 10 Holdings | 50.95% |
| Fresh Additions | Complete Exits |
| Security | Security |
| Sundram Fasteners Limited | Bharat Petroleum Corporation Limited |
| Gland Pharma Limited | |
| ICICI Lombard General Insurance Company Limited |
Note: The companies/stock(s) referred above are only for the purpose of disclosure of significant
portfolio changes during the month and should not be construed as recommendation to buy/
sell/ hold. The fund manager may or may not choose to hold these companies/stocks, from time
to time. Investors are requested to consult their financial, tax and other advisors before taking any
investment decision(s). Data as on October 31, 2022
| Turnover Ratio (Last 1 year) | 0.85 |
| Standard Deviation | 21.64% |
| Beta1 | 0.92 |
| Sharpe Ratio# | 0.57 |
| Jenson's Alpha2 | -0.0035 |
#Risk-free rate assumed to be 6.25% (MIBOR as on 31-10-22) - Source:www.mmda.org
1. Beta is calculated on the basis of average monthly rolling returns as of last day of the month
since inception till October 31, 2022 and annualized. 2. Calculated for the period since inception
till October 31, 2022. | Data Source: ICRA Analytics, Bloomberg | Data as on October 31, 2022 | N.A.:
Net Assets
The investment objective of the Scheme is to generate long term capital appreciation through a diversified portfolio of equity and equity related securities. The Scheme does not guarantee or assure any returns.
Fund Manager:
Ms. Fatema Pacha
Total Experience : 17 years
Experience in managing this fund: 2 years (managing since October 16, 2020)
Mr. Manish Lodha
Total Experience : 22 years,
Experience in managing this fund: 1 year and 10 months (Managing since December 21, 2020)
Date of allotment: October 18, 2016
Benchmark: Nifty 500 TRI Index
Option: IDCW (IDCW Option will have only IDCW Payout facility) and Growth (D)
D-Default
Application Amount: Rs. 500 and in multiples of Rs.500 thereafter
Additional Purchase Amount: Rs. 500 and in multiples of Rs. 500 thereafter
Repurchase Amount: Rs. 500 or 50 units or account balance, whichever is lower
Minimum Weekly & Monthly SIP Amount: Rs 500 and in multiples of Rs 500 thereafter
Minimum Weekly & Monthly SIP Installments: 6
Minimum Quarterly SIP Amount: Rs 1,500 and in multiples of Rs 500 thereafter
Minimum Quarterly SIP installments: 4
Monthly AAUM as on October 31, 2022 (Rs. in Cr.): 503.53
Monthly AUM as on October 31, 2022 (Rs. In Cr.): 517.43
Entry Load: Not applicable
Exit Load: Nil
^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 18-Oct-16.
Past performance may or may not be sustained in future and should not be used as a basis of comparison with other investments. Since inception returns of the scheme is calculated on face value of Rs. 10 invested at inception. The performance details provided above are of Growth Option under Regular Plan. Different Plans i.e Regular Plan and Direct Plan under the scheme has different expense structure. Ms. Fatema Pacha is managing this scheme since October 16, 2020. Mr Manish Lodha is managing this scheme since December 21,2020. *Based on standard investment of Rs. 10,000 made at the beginning of the relevant period.
^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 18-Oct-16.
Past performance may or may not be sustained in future and should not be used as a basis of comparison with other investments.
Returns greater than 1 year period are compounded annualized. For SIP returns, monthly investment of equal amounts invested on the 1st business day of every month has been considered. CAGR Returns (%) are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return).
^Benchmark CAGR – Compounded Annual Growth Rate.
Past performance may or may not be sustained in future and should not be used as a basis of comparison with other investments. The performance details provided above are of Growth Option under Regular Plan Different Plans i.e Regular Plan and Direct Plan under the scheme has different expense structure. Ms. Fatema Pacha and Mr. Manish Lodha manages 9 schemes each of Mahindra Manulife Mutual Fund. The performance data for the schemes which have not completed one year has not been provided.
Performance as on October 31, 2022
Mahindra Manulife Elss Kar Bachat Yojana
This product is suitable for investors who are seeking*:
• Long term capital appreciation
• Investment predominantly in equity and equity related securities.
Nifty 500 TRI Index
Benchmark Riskometer
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Reach us at: Sadhana House, 1st Floor, 570,
P.B. Marg, Worli, Mumbai - 400 018, India.
Phone: +91-22-66327900, Fax: +91-22-66327932
Toll Free No.: 1800 419 6244
Website: www.mahindramanulife.com
*Assuming investor uses the entire ₹ 1.50 lac limit available under section 80C of the Income Tax Act 1961 for investing in Mahindra Manulife ELSS Kar Bachat Yojana. The tax benefit is calculated on the
basis of current applicable tax rates under the old regime, ignoring marginal relief on surcharge, if any, for net taxable income between ₹ 50 lacs and ₹ 1 crore. Please consult your Financial / tax advisor
before investing. Note: The Finance Act 2020 has introduced a new income tax regime at concessional tax rates for individual taxpayers. However, the option for such concessional tax regime requires the
taxpayer to forego certain specified deductions including deduction u/s 80C of Income Tax Act, 1961.