Top 10 Mahindra Mutual Funds

Fund NameCategoryRisk1Y ReturnsRatingFund Size(in Cr)
Mahindra Kar Bachat YojanaEquityModerately High-8.6%star343
Mahindra Liquid FundDebtLow7.6%star2,131
Mahindra Unnati Emerging Business YojanaEquityModerately High-9.3%star481
Mahindra Dhan Sanchay YojanaHybridModerately High2.8%star260
Mahindra Kar Bachat YojanaEquityModerately High-10.3%star343
Mahindra Dhan Sanchay YojanaHybridModerately High0.9%star260
Mahindra Badhat YojanaEquityModerately High-7.1%star296
Mahindra Badhat YojanaEquityModerately High-5.3%star296
Mahindra ALP-Samay Bachat YojanaDebtModerately Low8.9%star299
Mahindra Liquid FundDebtLow7.5%star2,131
Mahindra ALP-Samay Bachat YojanaDebtModerately Low8.0%star299
Mahindra Unnati Emerging Business YojanaEquityModerately High-10.9%star481
Mahindra ALP-Samay Bachat YojanaDebtModerately Low8.0%star299
Mahindra ALP-Samay Bachat YojanaDebtModerately Low8.0%star299
Mahindra Kar Bachat YojanaEquityModerately High-10.3%star343
View All Top 10 Mahindra Mutual Funds

Mahindra Mutual Fund

Mahindra Asset Management Company Private Ltd. (MAMCPL) is established under the Companies Act, 1956. The company is the asset manager of Mahindra Mutual Fund, established as a trust under the Indian Trusts Act, 1882. It is registered with SEBUI under the registration number MF/069/16/01.

As of 31 March 2019, the AMC offers 31 schemes and has an asset under management (AuM) of Rs. 4,748 Crore.

It offers several open-ended schemes that focus on long-term financial growth. The company also provides products that are specially aimed at rural markets.

Some of the mutual funds offered by Mahindra include:

I. Mahindra Hybrid Equity Nivesh Yojana

The Mahindra Hybrid Equity Nivesh Yojana is a hybrid fund that aims to generate income and long-term capital appreciation. The majority of equities are allocated to companies that have the potential to grow exponentially.

II. Mahindra Rural Bharat And Consumption Yojana

The Mahindra Rural Bharat And Consumption Yojana is an equity fund invests in equity and equity-related instruments of firms that contribute to the growth of rural India.

III. Mahindra Low Duration Bachat Yojana

The Mahindra Low Duration Bachat Yojana is a low-duration debt scheme with duration ranging from 6 to 12 months. This scheme also offers zero exit load at the time of redemption.

IV. Mahindra Mutual Fund Kar Bachat Yojana

The Mahindra Mutual Fund Kar Bachat Yojana is an equity-linked savings scheme (ELSS) with a statutory lock in of 3 years. Investments in this scheme are subject to income tax exemptions under Section 80C of the Income Tax Act, 1961.

V. Mahindra Liquid Fund

The Mahindra Liquid Fund is a liquid scheme offering low risk and high liquidity. This scheme is beneficial for those looking to invest for 1 to 90 days.

MAMCPL is a wholly-owned subsidiary of Mahindra and Mahindra Financial Services Limited (MMFSL). As of FY 2018-19, the company has a net worth of Rs. 10,908 Crore, total income of Rs. 8,809 Crore, and profit of Rs. 1,557 Crore. It has an asset under management of Rs. 67,078 Crore.

Let's have a closer look

Now let us jump and check about these top 10 mutual fund schemes.

Mahindra Mutual Fund Kar Bachat Yojana Direct -Growth

Fund Performance: This fund has consistently beaten its benchmark in ELSS segment and provided NA annualized returns in the last 3 years. In the last 1 year, it gave -8.56% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -8.56% returns in the last 1 year. Groww rated this fund as Star. This is one of the best Equity mutual fund in India.

Fund Manager: Ratish Varier

Launch Date18 Oct 2016
Min Investment AmtNaN
Groww Ratingstar
AUM343Cr
1Y Returns-8.6%

Mahindra Liquid Fund Direct -Growth

Fund Performance: This fund has consistently beaten its benchmark in Liquid segment and provided 7.24% annualized returns in the last 3 years. In the last 1 year, it gave 7.59% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 7.59% returns in the last 1 year. Groww rated this fund as Star. This is one of the best Debt mutual fund in India.

Fund Manager: Rahul Pal

Launch Date04 Jul 2016
Min Investment AmtNaN
Groww Ratingstar
AUM2,131Cr
1Y Returns7.6%

Mahindra Unnati Emerging Business Yojana Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Diversified segment and provided NA annualized returns in the last 3 years. In the last 1 year, it gave -9.31% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -9.31% returns in the last 1 year. Groww rated this fund as Star. This is one of the best Equity mutual fund in India.

Fund Manager: V Balasubramanian

Launch Date30 Jan 2018
Min Investment AmtNaN
Groww Ratingstar
AUM481Cr
1Y Returns-9.3%

Mahindra Dhan Sanchay Equity Savings Yojana Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Arbitrage segment and provided NA annualized returns in the last 3 years. In the last 1 year, it gave 2.81% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 2.81% returns in the last 1 year. Groww rated this fund as Star. This is one of the best Hybrid mutual fund in India.

Fund Manager: Rahul Pal, Ratish Varier

Launch Date01 Feb 2017
Min Investment AmtNaN
Groww Ratingstar
AUM260Cr
1Y Returns2.8%

Mahindra Mutual Fund Kar Bachat Yojana Regular -Growth

Fund Performance: This fund has consistently beaten its benchmark in ELSS segment and provided NA annualized returns in the last 3 years. In the last 1 year, it gave -10.26% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -10.26% returns in the last 1 year. Groww rated this fund as Star. This is one of the best Equity mutual fund in India.

Fund Manager: Ratish Varier

Launch Date18 Oct 2016
Min Investment AmtNaN
Groww Ratingstar
AUM343Cr
1Y Returns-10.3%

Mahindra Dhan Sanchay Equity Savings Yojana Regular - Growth

Fund Performance: This fund has consistently beaten its benchmark in Arbitrage segment and provided NA annualized returns in the last 3 years. In the last 1 year, it gave 0.94% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 0.94% returns in the last 1 year. Groww rated this fund as Star. This is one of the best Hybrid mutual fund in India.

Fund Manager: Rahul Pal, Ratish Varier

Launch Date01 Feb 2017
Min Investment AmtNaN
Groww Ratingstar
AUM260Cr
1Y Returns0.9%

Mahindra Mutual Fund Badhat Yojana Regular - Growth

Fund Performance: This fund has consistently beaten its benchmark in Multi Cap segment and provided NA annualized returns in the last 3 years. In the last 1 year, it gave -7.07% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -7.07% returns in the last 1 year. Groww rated this fund as Star. This is one of the best Equity mutual fund in India.

Fund Manager: Ratish Varier

Launch Date11 May 2017
Min Investment AmtNaN
Groww Ratingstar
AUM296Cr
1Y Returns-7.1%

Mahindra Mutual Fund Badhat Yojana Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Multi Cap segment and provided NA annualized returns in the last 3 years. In the last 1 year, it gave -5.3% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -5.3% returns in the last 1 year. Groww rated this fund as Star. This is one of the best Equity mutual fund in India.

Fund Manager: Ratish Varier

Launch Date11 May 2017
Min Investment AmtNaN
Groww Ratingstar
AUM296Cr
1Y Returns-5.3%

Mahindra Low Duration Bachat Yojana Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Ultra Short Duration segment and provided NA annualized returns in the last 3 years. In the last 1 year, it gave 8.91% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 8.91% returns in the last 1 year. Groww rated this fund as Star. This is one of the best Debt mutual fund in India.

Fund Manager: Rahul Pal

Launch Date15 Feb 2017
Min Investment AmtNaN
Groww Ratingstar
AUM299Cr
1Y Returns8.9%

Mahindra Liquid Fund Regular -Growth

Fund Performance: This fund has consistently beaten its benchmark in Liquid segment and provided 7.09% annualized returns in the last 3 years. In the last 1 year, it gave 7.46% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 7.46% returns in the last 1 year. Groww rated this fund as Star. This is one of the best Debt mutual fund in India.

Fund Manager: Rahul Pal

Launch Date04 Jul 2016
Min Investment AmtNaN
Groww Ratingstar
AUM2,131Cr
1Y Returns7.5%

Mahindra Low Duration Bachat Yojana Regular - Growth

Fund Performance: This fund has consistently beaten its benchmark in Ultra Short Duration segment and provided NA annualized returns in the last 3 years. In the last 1 year, it gave 8% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 8% returns in the last 1 year. Groww rated this fund as Star. This is one of the best Debt mutual fund in India.

Fund Manager: Rahul Pal

Launch Date15 Feb 2017
Min Investment AmtNaN
Groww Ratingstar
AUM299Cr
1Y Returns8.0%

Mahindra Unnati Emerging Business Yojana Regular - Growth

Fund Performance: This fund has consistently beaten its benchmark in Mid Cap segment and provided NA annualized returns in the last 3 years. In the last 1 year, it gave -10.94% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -10.94% returns in the last 1 year. Groww rated this fund as Star. This is one of the best Equity mutual fund in India.

Fund Manager: Ratish Varier

Launch Date30 Jan 2018
Min Investment AmtNaN
Groww Ratingstar
AUM481Cr
1Y Returns-10.9%

Mahindra Low Duration Bachat Yojana Regular - Dividend Monthly

Fund Performance: This fund has consistently beaten its benchmark in Ultra Short Duration segment and provided NA annualized returns in the last 3 years. In the last 1 year, it gave 8% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 8% returns in the last 1 year. Groww rated this fund as Star. This is one of the best Debt mutual fund in India.

Fund Manager: Rahul Pal

Launch Date15 Feb 2017
Min Investment AmtNaN
Groww Ratingstar
AUM299Cr
1Y Returns8.0%

Mahindra Low Duration Bachat Yojana Regular - Dividend Daily

Fund Performance: This fund has consistently beaten its benchmark in Ultra Short Duration segment and provided NA annualized returns in the last 3 years. In the last 1 year, it gave 8% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 8% returns in the last 1 year. Groww rated this fund as Star. This is one of the best Debt mutual fund in India.

Fund Manager: Rahul Pal

Launch Date15 Feb 2017
Min Investment AmtNaN
Groww Ratingstar
AUM299Cr
1Y Returns8.0%

Mahindra Mutual Fund Kar Bachat Yojana Regular -Dividend

Fund Performance: This fund has consistently beaten its benchmark in ELSS segment and provided NA annualized returns in the last 3 years. In the last 1 year, it gave -10.26% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -10.26% returns in the last 1 year. Groww rated this fund as Star. This is one of the best Equity mutual fund in India.

Fund Manager: Ratish Varier

Launch Date18 Oct 2016
Min Investment AmtNaN
Groww Ratingstar
AUM343Cr
1Y Returns-10.3%

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How can you invest in Mahindra Mutual Funds?

<p>Step 1. Register yourself to create a new Groww account; log-in if you already have one.</p> <p>Step 2. Upload your identity proof documents (Voter ID, PAN, Passport, Aadhaar, Driving License, Central or State Government ID card, etc.).</p> <p>Step 3. Upload your address proof documents (any identity KYC document with your permanent address, etc.).</p> <p>Step 4. Choose the period you want to invest your funds.</p> <p>Step 5. Choose from the available risk options (low, mid, or high).</p> <p>Step 6. Select the <strong>Mahindra Mutual Fund</strong> you want to invest in.</p> <p>Step 7. If you want to invest a lump sum amount, click on “Invest One Time”; if you want to invest via SIP, click “Start SIP.”</p> <p>The <strong>Mahindra Mutual Fund in India</strong> you have invested in will reflect in your Groww account within 3 to 4 working days.</p>

Top Fund Managers

<p style={{fontSize: 16}}><strong>1. Mr. Srinivasan Ramamurthy</strong></p> <p>Mr. Srinivasan Ramamurthy was an Associate Consultant in Oracle in 2002 where he designed and implemented of internal credit rating applications based on Basel II recommendations. He became a Consultant in KPMG in 2006 where he was responsible for managing a large foreign multinational bank entering India. In 2007, he joined Credit Suisse as a Sell-side Institutional Equities Analyst covering the Indian financial sector. He moved to IDBI Federal Life Insurance as a Fund Manager in 2012.</p> <p>Mr. Ramamurthy joined <strong>Mahindra Mutual Fund</strong> as a Fund Manager in 2018. He currently manages an AuM of Rs. 566 Crore invested in 4 schemes like Mahindra Mutual Fund Badhat Yojana, Mahindra Dhan Sanchay Equity Savings Yojana, etc.</p> <p>He has an Engineering degree from Jadavpur University and also holds an MBA degree from IIM Calcutta.</p> <p style={{fontSize: 16}}><strong>2. Mr. Rahul Pal</strong></p> <p>Mr. Rahul Pal was the Manager at IDBI Bank in 2001. In 2004, he joined Sundaram BNP Paribas Mutual Fund as the Vice President and Fund Manager of Fixed Income. He joined Taurus Mutual Fund in 2010 as the Head of Fixed Income.</p> <p>Mr. Pal became the Head of Fixed Income at Mahindra Asset Management Company Private Ltd. in 2015. He manages an AuM of Rs. 3,520 Crore invested in 12 schemes like Mahindra Low Duration Bachat Yojana, Mahindra Liquid Fund, Mahindra Credit Risk Yojana, Mahindra Dhan Sanchay Equity Savings Yojana, etc.</p> <p>He holds a B.Com degree from the St. Xavier's College. Mr. Pal is also a Chartered Accountant.</p> <p style={{fontSize: 16}}><strong>3. Mr. V. Balasubramanian</strong></p> <p>Mr. V. Balasubramanian was a Dealer at IDBI Asset Management Limited back in 2010. In 2011, he joined the Treasury Department of Indian Bank.</p> <p>Mr. Balasubramanian joined <strong>Mahindra Mutual Fund</strong> as the Chief Portfolio Strategist of Equity in 2018. He manages an AuM of Rs. 976 invested in 4 schemes like Mahindra Unnati Emerging Business Yojana, Mahindra Mutual Fund Kar Bachat Yojana, etc.</p> <p>He holds an M.Com degree and is also a Certified Associate of the Indian Institute of Bankers.</p>

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