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


  • Type : Mutual Fund
  • Asset Class : ELSS


As of 20-Feb-2020

Fund Summary

  • Min Investment


  • Min SIP


  • Lock In


  • Lock In Period

    3 Years

  • Exit Load


Fund Manager:Srinivasan Ramamurthy

Total Experience: 11 years of work experience in the investment function including fund management, research and investment strategy

Experience in managing this fund:Managing since January 20, 2020



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.