Mahindra Mutual Fund Kar Bachat Yojana

An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit

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Fund Options

Sub Option/Facility

Dividend at the discretion of the Trustees, subject to availability of distributable surplus.

Plans

  • Type : Mutual Fund
  • Asset Class : ELSS

NAV
10.9835

As of 17-May-2019

Fund Summary

  • Min Investment

    500

  • Min SIP

    500

  • Lock In

    Yes

  • Lock In Period

    3 Years

  • Exit Load

    NIL

Fund Manager:Mr. V. Balasubramanian

Total Experience: Collectively over 38 years of work experience of which around 20 years have been in the Mutual Fund Industry and 8 years in Treasury function of nationalised bank

Experience in managing this fund:Managing since August 1, 2018

Riskometer

Riskometer

This Product is Suitable for investors who are seeking*

  • Long term capital appreciation
  • Investment predominantly in equity and equity related securities.
  • Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Investment Objective:

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.

Product Benefits:

  • Potential Capital Appreciation: Scheme invests in a diversified equity portfolio thereby offering you the possibility of growing your investments.
  • Tax Benefit: Investments in this scheme are entitled to tax exemption under section 80C. Possibility of saving upto Rs 53,820/-*.
  • Lock-in Feature: This feature endeavors to protect your investments from impact of short term market volatility. Lock-in of only 3 years! Other traditional tax savings options may have longer holding periods.

Assuming investor is in the highest tax bracket and uses the entire Rs 1.5 lac limit available under Section 80C of Income Tax Act 1961 for investing in only Mahindra Mutual Fund Kar Bachat Yojana. The tax benefit is calculated on the basis of currently applicable highest tax rate for gross total annual income of more than Rs 1 Crore. Please consult your financial /tax advisor before investing.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

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