Mutual Funds Research

Should you add Mahindra Multicap Fund to your MF Portfolio?

(A) About the Mahindra Manulife Multicap Fund

Mahindra Manulife Multicap fund is Multicap Equity Scheme. The investment objective of the Scheme is to provide medium to long term capital appreciation through appropriate diversification and taking low risk on business quality.

(B) Basic Details Mahindra Manulife Multicap Fund

Fund HouseMahindra Manulife Multicap fund
CategoryEquity: Multicap
Launch & Start Date20-Apr-2017 & 11-May-2017
TypeOpen-ended
AUM₹ 1,515 Cr (As on Feb 2023)
Available at NAV of₹ 21.89 (28 March 2023)

(C) Classification Portfolio of the fund

(i) Portfolio Mix by Market Cap Sizes

Mahindra Manulife Multicap Fund - Portfolio Mix by Market Cap Sizes

(ii) Top 10 Holdings of the fund

Mahindra Manulife Multicap Fund - top 10 Holdings

(iii) Top 10 Sectors Exposures

Mahindra Manulife Multicap Fund - Top 10 Sector Exposures

(D) Fund Managers & Tenure of managing the Scheme

(E) Fund - Investment Details

Mahindra Manulife Multicap fund
Application Amount for fresh Subscription (Lumpsum)₹1,000
Min Additional Investment (SIP)₹500
Exit load1%*
Lock InNo

* An exit load of 1% is payable if Units are redeemed / switched-out on or before completion of 12 months from the date of allotment of Units.

(F) Returns Generated by the fund

Mahindra Manulife Multicap Fund - Trailing Returns over time

(G) Risk Factors

(i) Valuation Measures

Mahindra Manulife Multicap Fund - Risk Measures

(ii) Top Drawdowns

This chart shows the ups and downs of a fund's value from 2017 to now. When the fund's value drops from its peak, it's called a drawdown. The shaded area shows how long the fund stayed in a drawdown.

For example, in 2018 the fund's value started at Rs 12.10, but by the end of the year it had dropped to Rs 9.8. This happened a total of 9 times because of things happening in the economy.

This chart helps investors understand how the fund has reacted to big events in the economy.

(H) Investment Strategy

The Scheme focuses on creating a diversified portfolio of companies with a long-term perspective, using a top down approach to select sectors and a bottom up approach to pick stocks based on quality of business model and management.

The Scheme uses a holistic risk management strategy to manage risks associated with investing in equity markets. Which are :

Mahindra Manulife Multicap Fund - risk Managements Strategies

(I) Taxability of earnings

1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax – STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of upto Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax – LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.

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References:  valueresearchonline.com, Industry’s Publications, News Publications, Mutual Fund Company.

Disclaimer: The report only represents personal opinions and views of the author. No part of the report should be considered as recommendation for buying/selling any stock. Thus, the report & references mentioned are only for the information of the readers about the industry stated.

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