Key Takeaways of Mahindra Mutual Fund Kar Bachat Yojana

Mahindra Asset Management Company Pvt. Ltd. (MAMCPL), the investment manager to Mahindra Mutual Fund and a wholly owned subsidiary of Mahindra Finance, has launched Mahindra Mutual Fund Kar Bachat Yojana, an open-ended Equity Linked Savings Scheme (ELSS) with a lock-in period of three years. The New Fund Offer (NFO), which closes on 7^th October, 2016, will open again for continuous sale and repurchase from 19^th October, 2016. Want to know the newly launched scheme in detail? Look below to read the same.

Scheme Features & Benefits

• An open-ended equity linked savings scheme with a lock-in period of 3 years
• You can purchase the units anytime during and after the NFO
• Asset allocation will be 80-100% in equity and 0-20% in debt instruments
• Redemption of units possible after 3 years from the date of purchase
• Wide scope for capital appreciation with investments into equity securities
• Tax Benefits under Section 80C of the Income Tax Act
• Offers opportunity to accumulate a tax-free corpus over the long-term, on investments outside the purview of 80C
• Corpus can be used to purchase a home, ensure enhanced financial security or improve the lifestyle.

Plans & Options

• Plans- Regular & Direct
• Options-Dividend & Growth
• Sub-options/Facilities- Dividend Payout

Min Investment & Other Details