Mahindra Mutual Fund – Overview, Fund Managers, KYC Process, Documents, Fees & more
Last Updated Date: Nov 17, 2022Mahindra Mutual Fund is a joint-venture project created to explore the mutual fund market of the country.
Mahindra & Mahindra Financial Services came along with Manulife Investment Management (Singapore based financial services) to provide ultimate mutual fund products to the investors in India.
In this article, we will discuss the different aspects of this firm starting from its fundamentals. We will talk about the different benefits that it provides to investors.
Then we will talk about the process of registering yourself before you can start the investment process.
We will also talk about the different fund managers and their achievements in detail. Then the article will cover the crucial part of a fund house that is the performance of the funds.
Here you can see the top-performing funds of Mahindra AMC. There are different criteria on which we have analyzed the performance of the funds and those are discussed in the article as well.
About Mahindra Mutual Fund
Mahindra & Mahindra is a name that everybody in India reckons with. It is a Made-in-India company which is why every Indian is very proud of it.
Thus, when it joined hands with Manulife Investment Management, every Indian as well as many Asian countries got interested in this firm and its products.
Mahindra Mutual Fund AMC has an array of mutual fund products which it provides to its clientele. The investors who invest via Mahindra are true to the company and are genuine investors.
The company wanted to explore the developing markets of India and the other Asian countries.
They offer their products to the people to create awareness about investments. The firm has its main focus on the semi-urban localities and towns of the country.
The firm manages over Rs.5000 crore at present. There are more than 30 schemes that you can invest your money into.
Mr. Ramesh Iyer is the Vice Chairman and MD of the firm. He has been creating many opportunities for the investors and clients of the firm.
The firm provides all kinds of mutual funds which includes –
- Equity mutual funds
- Hybrid Mutual Fund
- Debt Mutual Fund
- ELSS
- Liquid Funds
- Others
All short and long-term mutual funds are available with Mahindra Mutual Fund AMC.
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Why Invest in Mahindra AMC?
The advantages of investing with Mahindra Mutual Fund AMC are as follows –
An abundance of schemes
Firstly, the number of schemes available with the firm is in abundance. You can choose the scheme which suits your investment goal, investment budget, risk appetite, and your preference as well.
Multiple schemes also help you diversify your investment in the right manner possible.
Popularity and Experience
The popularity of the Mahindra & Mahindra is unquestionable in India. Thus, when the mutual fund is of Mahindra Mutual Fund AMC, there is a natural trust that builds in.
The clientele is loyal to the brand. This has brought in a huge experience to the firm as well. It has been running for more than 2 decades now and servicing mankind.
Professionalism at its best
The fund managers, research analysts, relationship managers, customer care executives, and everyone in the company are true to the company and the clients.
The firm maintains a great code of conduct and the employees are professional. They bring the best to the table for the investors.
Spread across the country
Since their target is to reach the sub-urban area of the country, there are more than 1000 offices across different parts of the country. They have more than 42.5 lakhs of clients who invest with them.
Customer-first approach
The firm puts its clients in the priority when they decide the investments for them.
Their commission, profits take a backseat before the clients’ interest and thus the clients choose them over any other AMC as well.
Type of Investment
You can invest either monthly using the SIP investment method or you can invest a lump sum amount.
How to Invest with Mahindra Mutual Funds?
The process of investing in Mahindra Mutual Fund AMC is really simple and here are the steps for the same –
- Firstly, you need to register yourself on this website
- For registration, you need PAN Card, AADHAAR Card, and other documents
- Enter your details and register yourself by uploading the documents’ photocopies.
- Once you register you will get the login id and password, login to the account for investment.
- If you had already registered yourself then you can just login.
- Once you login you can see the different options. Choose the one as per your preferences.
- Choose the time limit of your investment. This is the period for which you want to invest the money in the scheme.
- Then, choose the type of investment – SIP or Lump Sum
- Choose the risk level – Medium, low or high
- Then choose the Mahindra Mutual Fund AMC
- Under Mahindra Mutual Fund AMC, choose the fund you want to invest in
- After choosing the same, click on payment options
- You can choose Internet Banking or UPI payments. The other online banking and payment methods you can also use to pay for the scheme.
- Once the payment is processed, you can wait for a few days and then check the funds in your account.
- It generally takes 3-4 business working days.
Mahindra AMC – Fund Managers
The fund managers are the pillars of any fund house and here in Mahindra Manulife Mutual Fund AMC, the pillars are –
Mr. Srinivasan Ramamurthy
Being an IIM Graduate, Mr. Ramamurthy has been managing over Rs.566 crores of assets of the Mahindra Mutual Fund AMC.
He takes care of 4 fund schemes which include Mahindra Mutual Fund BachatYojana and others.
He joined this firm in the year 2018 after working for several years in different financial companies and has worked as equity analysts in Credit Suisse, KMPG, and others for several years.
His experience is unmatchable in this firm and thus he is one of the topmost fund managers in this industry.
Mr. Rahul Pal
A Chartered Accountant and Xavier’s Graduate having more than 2 decades of experience in the financial market. He joined Mahindra Mutual Fund in 2015.
Earlier he was serving in different companies like IDBI, BNP Paribas Mutual Fund, and others. He handles Rs.3520 crores of assets of Mahindra Mutual Fund AMC spreading across 12 schemes.
The schemes include Mahindra Low Duration Bachat Yojana, Mahindra Credit Risk Yojana, Mahindra Liquid Fund, and others.
Mr. V. Balasubhramanian
He is post-graduate in finance and a Certified Associated from the Indian Institute of Bankers and has great financial know-how of the market.
He started his career in the IDBI Asset Management firm as a dealer. Now he is the Chief Portfolio Strategist of Equity division in Mahindra Mutual Fund and manages over Rs.976 crores of assets.
The schemes that he looks after are the Mahindra Unnati Emerging Business Yojana scheme and similar schemes.
Mahindra Mutual Fund – Key Personnel
Mahindra Mutual Fund AMC is standing because of the efforts of these people and they are –
Mr. Ramesh Iyer: He is the Vice-Chairman as well as the Managing Director of Mahindra & Mahindra Financial Services Limited.
He is the Group executive board member of the Mahindra & Mahindra Group as well. He also manages the Mahindra Group’s finance department as a whole.
Mr. Iyer is a Financial Post Graduate from the premier institute. He has been associated with many financial institutions of the country and abroad as well.
Mr.AshutoshBishnoi: His 37 years of experience in the financial markets helped the company grow further.
He is associated with many financial service companies and premier mutual fund houses of the country.
Mr. Gianni Fiacco: He is Manulife Investment Management’s Head of Emerging Markets & Chief Strategy Officer. He is having more than two decades of experience in the market.
How to do KYC Check for Mahindra Mutual Fund?
The process of completing your KYC with Mahindra Mutual Fund AMC is as follows –
- Open the Mahindra Mutual Fund AMC website
- Click on the KYC registration link
- Then you need to upload the documents which you need to self-attest
- Make sure you do a photocopy of the documents and then self-attest them
- Upload the documents after filling in the details like name, address and others as asked
- Once the documents are uploaded, they will get verified online and your KYC will be done.
Documents Required to Invest in Mahindra AMC
The documents required by Mahindra Mutual Fund AMC for KYC are –
- For verification of identity – (Anyone)
- Passport
- AADHAAR
- PAN Card
- Voter ID
- For verification of Address – (Anyone)
- Electricity or Phone Bill
- Rental or Lease agreement
- Driving License
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Mahindra Mutual Fund Fees or Charges
| Fund | Minimum Investment (Rs) | Entry Load (in % p.a.) | Exit Load (in % p.a.) | Fund Manager |
| Mahindra Manulife Credit Risk Fund – Growth – Direct Plan | 1000 | N.A | 1 | Rahul Pal |
| Mahindra Manulife Equity Savings Dhan Sanchay Yojana – Growth – Direct Plan | 1000 | N.A | 1 | Fatema Pacha |
| Mahindra Manulife Hybrid Equity Nivesh Yojana – Growth – Direct Plan | 1000 | N.A | 1 | Fatema Pacha |
| Mahindra Manulife Liquid Fund – Growth – Direct Plan | 1000 | N.A | 0.007 | Rahul Pal |
| Mahindra Manulife Low Duration Fund – Growth – Direct Plan | 1000 | N.A | N.A | Rahul Pal |
| Mahindra Manulife Arbitrage Yojana – Growth – Direct Plan | 1000 | N.A | 0.25 | V Balasubramanian |
| Mahindra Manulife Focused Equity Yojana – Growth – Direct Plan | 1000 | N.A | 1 | Krishna Sanghavi |
| Mahindra Manulife Multi Cap Badhat Yojana – Growth – Direct Plan | 1000 | N.A | 1 | Manish Lodha |
| Mahindra Manulife ELSS Kar Bachat Yojana – Growth – Direct Plan | 500 | N.A | N.A | Fatema Pacha |
| Mahindra Manulife Overnight Fund – Growth – Direct Plan | 1000 | N.A | N.A | Rahul Pal |
Details of Mahindra AMC Fees
While choosing the mutual funds and investing in them, you need to check the fees they charge. The mutual fund houses charge mainly two fees one is entry load another is exit load.
These are charges that you need to pay while investing the money and withdrawing it respectively.
So, here as you can see in the table, the entry load is not applicable in all the funds. The exit load varies from nil to 1% of the value of your investment (withdrawn).
The exit load is also comparatively lower than many AMCs in the country. While the minimum exit load here is 0, the average in the market is 0.5% or 1%.
The maximum here is 1% while many other charges 2%. Even the average minimum investment Mahindra Mutual Fund AMC require is only Rs.1000 for most of the funds.
You can refer to the table there is even one fund where the minimum investment is only Rs.500. While the market average is Rs.5000 this firm is charging way lower than them.
Best Performing Mahindra Mutual Fund
| Fund Name | Category | Risk | 1Y Returns | Fund Size (in Cr) | |
|
Debt | Moderately Low | 7.20% | Rs. 606 | |
| Mahindra Badhat Yojana | Equity | Moderately High | 15.90% | Rs. 374 | |
| Mahindra Liquid Fund | Debt | Low | 4.40% | Rs. 2,050 | |
| Mahindra Manulife Credit Risk Fund | Debt | Moderate | 6.80% | Rs. 119 | |
| Mahindra Dhan Sanchay Yojana | Hybrid | Moderately High | 13.40% | Rs. 201 | |
| Mahindra Rural Bharat and Consumption Yojana | Equity | High | 9.70% | Rs. 50 | |
| Mahindra Hybrid Equity Nivesh Yojana Direct – GrowthFund | Hybrid | Moderately High | 17.60% | Rs. 138 | |
| Mahindra Unnati Emerging Business Yojana | Equity | Moderately High | 19.90% | Rs. 539 | |
| Mahindra Kar Bachat Yojana | Equity | Moderately High | 13.10% | Rs. 310 | |
| Mahindra Manulife Arbitrage Yojana Fund | Hybrid | Moderately Low | N.A | Rs. 75 |
Check out Best Mahindra AMC Funds
According to the 1-year return of the fund as per the table given above, the best performing fund is Mahindra Manulife Arbitrage Yojana Fund.
It is a Hybrid fund which means that there is both debt and equity asset as the underlying asset of this fund. The risk level is moderately low and the fund size is Rs.75 crores.
Then there is Mahindra Unnati Emerging Business Yojana with Rs.539 as the fund size and generated 19.90% return in 1 year time.
This fund is an equity fund with a moderately higher risk level however, the risk is justified by the higher return as well.
Then comes the Mahindra Hybrid Equity NiveshYojana Direct which is a growth fund. This hybrid fund is having a moderately high-risk profile with Rs.138 crores of an asset.
The fund generated a 17.60% return in the past year. Similarly, other top seven funds of Mahindra Mutual Fund AMC generated higher returns within the range of 4.40% to 20% in the past year.
You can choose from these best performing funds by checking the features of these funds. The one which suits your investment criteria, you can invest in that.
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Top 10 Mahindra AMC Funds
| Fund |
|
3-Year Return | 5-Year Return | |
| Mahindra Manulife Credit Risk Fund – Growth – Direct Plan | 5.64 | N.A | N.A | |
| Mahindra Manulife Equity Savings Dhan Sanchay Yojana – Growth – Direct Plan | 10.48 | 16.41 | NA | |
| Mahindra Manulife Hybrid Equity Nivesh Yojana – Growth – Direct Plan | 14.02 | N.A | NA | |
| Mahindra Manulife Liquid Fund – Growth – Direct Plan | 4.33 | 19.62 | N.A | |
| Mahindra Manulife Low Duration Fund – Growth – Direct Plan | 6.36 | 22.21 | N.A | |
| Mahindra Manulife Arbitrage Yojana – Growth – Direct Plan | N.A | NA | NA | |
| Mahindra Manulife Focused Equity Yojana – Growth – Direct Plan | N.A | NA | N.A | |
| Mahindra Manulife Multi Cap Badhat Yojana – Growth – Direct Plan | 11.98 | 14.82 | NA | |
| Mahindra Manulife ELSS Kar Bachat Yojana – Growth – Direct Plan | 8.93 | 3.32 | N.A | |
| Mahindra Manulife Overnight Fund – Growth – Direct Plan | 3.33 | NA | N.A |
Know about Top 10 Mahindra Mutual Fund Schemes
As per the 3-years return rate, the top funds of Mahindra Mutual Fund AMC are Mahindra Manulife Low Duration Fund followed by Mahindra Manulife Liquid Fund.
Both the funds are growth funds and are direct plans as well. The return generated by these two funds in the last 3-years duration is 22.21% and 19.62% respectively.
The 1-year return of these two funds was 6.36% and 4.33% respectively.
The other funds which also provided great returns in the last three years are Mahindra Manulife Equity Savings Dhan Sanchay Yojana which is a growth fund too.
It provided around 16.41% in 3-years and 10.48% in just one year. There is Mahindra Manulife Multi-Cap Bachat Yojana and Mahindra Manulife ELSS Karbachat Yojana.
These growth funds also provided around 14.82% return and 3.32% return in three years respectively.
There are some of the new funds which do not have a track record of 5-years but providing great returns in recent years.
Some of them are Mahindra Manulife Credit Risk Fund whose 1-year return was 5.64%.
Then there is Mahindra Manulife Hybrid Equity Nivesh Yojana with a 14.02% return in 1-year duration.
So, these ten funds are the top funds as mentioned in the table above and you can invest in one of them which suits your investment profile.
Mahindra Mutual Fund Schemes NAV
| Fund | 52 Week High (Rs.) | 52 Week Low (Rs.) |
| Mahindra Manulife Arbitrage Yojana – Growth – Direct Plan | 10.11 | 10 |
| Mahindra Manulife Credit Risk Fund – Growth – Direct Plan | 11.86 | 11.1 |
| Mahindra Manulife ELSS Kar Bachat Yojana – Growth – Direct Plan | 14.41 | 8.4 |
| Mahindra Manulife Equity Savings Dhan Sanchay Yojana – Growth – Direct Plan | 14.26 | 10.14 |
| Mahindra Manulife Focused Equity Yojana – Growth – Direct Plan | 10.59 | 9.99 |
| Mahindra Manulife Hybrid Equity Nivesh Yojana – Growth – Direct Plan | 12.96 | 8.56 |
| Mahindra Manulife Large Cap Pragati Yojana – Growth – Direct Plan | 12.25 | 7.19 |
| Mahindra Manulife Liquid Fund – Growth – Direct Plan | 1325.42 | 1269.5 |
| Mahindra Manulife Low Duration Fund – Growth – Direct Plan | 1330.91 | 1241.92 |
| Mahindra Manulife Mid Cap Unnati Yojana – Growth – Direct Plan | 12.08 | 7.33 |
Find out Mahindra Mutual Fund Scheme NAVs
According to the 52-weeks high and lows of the NAV of the funds, the volatile funds are
Mahindra Manulife Low Duration Fund with Rs.1330.91 as the 52-weeks high and Rs.1241.92 as the 52-weeks low.
Then there is Mahindra Manulife Liquid Fund with Rs.1325.42 as the 52-weeks high and Rs.1269.92 as the lowest of 52-weeks price.
It can be derived from the data that the volatility is high in these funds while the other funds like Mahindra Manulife Credit Risk Fund were less volatile as the 52-weeks high was Rs.11.86 and the low was Rs.11.1.
Similarly, there are other funds like Mahindra Manulife Arbitrage Yojana with Rs.10.11 as the 52- Weeks high and Rs.10 as the low. This metric helps you understand the volatility of the fund NAV.
It is important for the traders and investors to understand this metric to trade and invest in these funds by analyzing the market risk.
Mahindra AMC Customer Care Details
| Address of AMC | 4th Floor, A-Wing, Mahindra Towers Dr. G M Bhosle Marg, P K Kurne Chowk, Mumbai-400018 |
| Telephone Number | 022-66327900 |
| Fax Number | NA |
| mfinvestors@mahindra.com |
The customer care details of the Mahindra Manulife Mutual Fund are given in the table above.
You can mail or call them on the email id and the phone number provided in the table. You can also visit their office in Mumbai at PK KurneChowk Area.
The customer care executives are loyal to the customers and they take care efficiently. They help the clients to solve their queries immediately.
Mahindra AMC – Important Links
| Website | https://www.mahindramanulife.com/ |
| Mahindra Mutual Fund Login | https://www.mahindramanulife.com/login |
| Mahindra Mutual Fund App | https://play.google.com/store/apps/details?id=com.mahindra.mfundinvestorapp |
| Facebook Link | https://www.facebook.com/MahindraMutualFund/ |
| Twitter Link | NA |
| Youtube Link | NA |
Mahindra Mutual Fund – Conclusion
The Mahindra Manulife Mutual Fund is comparatively one of the new player in the market. However, it has already grabbed a good amount of market share in this field.
With different mutual fund schemes and great fund managers, this firm is here to stay. The investors are also quite happy with their services and thus, it is getting popular day by day.
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