Mahindra Mutual Fund

Overview

Mahindra Mutual Fund has been entrusted as a trust as per the provisions of the Indian Trusts Act, 1882, in accordance with the terms of the trust deed dated September 29, 2015 between the Mahindra and Mahindra Financial Services Limited as the Sponsor(liability of Sponsor limited to Rs. 1,00,000/-) and Mahindra Trustee Company Private Limited, as the Trustee. The registration of the Trust Deed is done under the provisions of the Indian Registration Act, 1908. Later on, the SEBI registers Mahindra Mutual Fund under the registration code MF/069/16/01.

Mahindra Asset Management Company Private Limited, a company established under the Companies Act, 1956, is the Investment Manager for Mahindra Mutual Fund. It is a fully owned subsidiary of Mahindra and Mahindra Financial Services Limited (MMFSL).

Mahindra Mutual Fund aims to offer a numerous variety of mutual fund schemes on a pan -India basis, with a special emphasis on rural and semi-urban areas.

Board of Directors for Mahindra Asset Management Company Private Limited

The list of board of directors are as under:

1. AMC Board of Directors

  • Mr. V. Ravi
  • Mr. Gautam Divan
  • Prof. Sethu Gururajan
  • Mr. Ashutosh Bishnoi

2. Trustee Board of Directors

  • Mr. Manohar G. Bhide
  • Mr. Narendra Mairpady
  • Mr. Gautam G. Parekh
  • Mr. Debabrata Bandyopadhyay

Registrar

The registrar of Mahindra Asset Management Company Private Limited is Computer Age Management Services Ltd.

Fund Managers

There are only two fund managers who are responsible for effective functioning of Mahindra Mutual Funds:

1. Ratish Varier

2. Rahul Pal

Products offered by Mahindra Asset Management Company Private Limited

1. Liquid Funds

Mahindra Mutual Fund offers ‘Liquid Fund’ under two plans such as Direct & Regular; options covering Growth and Dividend -Reinvestment.

Mahindra Liquid Fund

Mahindra Liquid Fund is an open-ended liquid scheme, also known as a cash management tool for investors, can be a great option besides a regular savings bank account. The scheme has recorded its AUM of ₹ 1000 Cr as on July 31, 2016, within its first month of launch.

The Scheme aims to deliver comparative market associated returns with lower risk and higher liquidity through a portfolio of money market and debt instruments. However, there is no guarantee that the investment objective of the Scheme will be achieved and the Scheme does not hold any guarantee or assurance for any returns. Minimum investment in Mahindra Mutual Fund Liquid Plan is ₹ 1000/- with no lock-in period. Also, there is no exit load applicable on it.

2. ELSS Fund

Mahindra Mutual Fund Kar Bachat Yojna is an ELSS Fund which is offered by Mahindra Mutual Fund. This fund is offered under two options -Growth and Dividend payout.

Mahindra Mutual Fund Kar Bachat Yojna

Mahindra Mutual Fund Kar Bachat Yojna is an open-ended equity linked savings scheme with a lock-in period of 3 years, focussed on tax payers who can derive benefits of deductions permissible under Section 80 C of the Income Tax Act 1961. There exists a possibility of savings upto ₹ 46,350/- where redemption proceeds are tax-free.

Now investors can save taxes under Section 80 C where every investment gets parked away for a three years time period. The asset allocation of the scheme will be 80-100% in equity and equity related securities and 0-20% in debt and money market securities. This fund protects your investments from the impact of short-term market volatility.

This product is appropriate for investors who are seeking:

  • Long-term capital appreciation.
  • Investment primarily in equity and equity- related securities.
  • Consultation with the financial advisor is required by the investors if in doubt about whether the product is suitable for them.

3. Equity Funds

Mahindra Mutual Fund Dhan Sanchay Yojana is offered by Mahindra Mutual Fund under three options -Growth, Dividend Payout, and Dividend Reinvestment.

Mahindra Mutual Fund Dhan Sanchay Yojana

Mahindra Mutual Fund Dhan Sanchay Yojana is an open-ended equity scheme which aims to generate long-term capital growth and also income through investments in equity and equity related instruments,arbitrage opportunities and investments in debt and money market instruments. This fund provides benefit to investors through its asset allocation in dynamic market scenarios. It also balances the risky composition of equity investments along with investments in debt and derivative securities. However, regular investments in this scheme allow the investors to accumulate wealth so as to realize their dreams.

4. Debt Funds

Mahindra Mutual Fund Alp-Samay Bachat Yojana is offered by Mahindra Mutual Fund under three options -dividend re-investment, dividend payout, and growth.

Mahindra Mutual Fund Alp-Samay Bachat Yojana

Mahindra Mutual Fund Alp-Samay Bachat Yojana is an open-ended debt mutual fund scheme which aims to provide reasonable returns, corresponding with a low to moderate level of risk and a high degree of liquidity, through a portfolio comprised of money market and debt instruments. This fund is suited for :

  • those investors who have an alternative to savings/current bank account for parking of short-term surpluses.
  • those investors who are categorized under the Ultra Short Term Debt Fund category.
  • those investors who are looking for optimum yields from investments in comparatively low risk instruments.
  • those investors who are looking for high level of liquidity without any lock-in period.
    those investors aiming to manage their cashflows efficiently between schemes.

(Data taken from AMC Website)

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