Mahindra Mutual Fund: An Emerging Success

Mahindra Mutual fund is an integral arm of Mahindra group which is an Indian Multinational conglomerate headquartered in Mumbai, India. Mahindra Mutual Fund is incorporated as a trust in accordance with the provisions of the Indian Trust Act, 1882 and is registered with SEBI under registration code MF/069/01. Mahindra Asset Management Company Pvt. Ltd. handles and manages the investments of this fund house. The total AUM of the fund house constitutes to Rs.23,23,140.0 cr. Mahindra and Mahindra Financial Services Limited- The Sponsors MMFSL is the sponsor of Mahindra Mutual Fund and is a subsidiary of Mahindra and Mahindra Limited. MMFSL is one of India’s top Non-Banking Finances Companies with a concentration on development in rural and semi-urban sectors of the country. The main business of this NBFC is financing the purchase of new and pre-owned autos and utility vehicles, tractors, cars, commercial vehicles, construction equipments, and SME financing. It is moving forward with a vision of becoming the leading provider of the financial services in rural and semi-urban areas of India, and a mission of transforming the rural lives, thereby bringing a change in communities.rnFunds in the Market The fund house offers variegated investment solutions for different investment objectives pan-India with a special focus on rural and semi-urban areas. Among all the schemes, the ones that are most featured are-

• Mahindra Unnati Emerging Business Yojna This is an open-ended scheme belonging to the mid-cap space, predominantly invests in mid-cap companies. The product is suitable for those investors who have a long-term investment perspective and can stomach moderately high risk. The scheme has been just launched on January 22, 2018, and is being managed by Mr. Ratish Varier. It contains immense growth potential; hence you can take advantage of investing in this fund as currently the NAV is very low.
• Mahindra Mutual Fund Kar Bachat Yojna This scheme has been launched recently on October 18, 2016, and since then it has delivered 12.21’% average annual return. It’s a tax saving scheme that provides investors with an opportunity to avail tax deduction under section 80C of the Income Tax Act, 1961, whilst attaining capital appreciation through a diversified portfolio of equity and equity related securities. Mr. Ratish Varier is managing this scheme as well. If you are looking for investing in a scheme that can do both tax saving and capital growth tasks for you, investing in this scheme is a safe bet.
• Mahindra Dhan Sanchay Equity Savings Yojna This is an open-ended scheme belonging to hybrid mutual fund category. Launched on February 01, 2017, it strives to attain long-term capital growth and regular income through its investment in equity and debt instruments. It is also being managed by Mr. Ratish Varier and co-managed by Mr. Rahul Pal since 2017. Although the scheme has just started its journey in the mutual fund space, it has made a proficient start by delivering average annual return of 8.26% since inception.

Inspite of the fact that the fund house is new and does not bear much experience in the industry, experts analyze and predict that it has potential to grow at a double rate in future and deliver high profits to those who are investing in its schemes today. The fund house has been working in an innovative way by naming its schemes in Hindi- most known and used language in India. With a creative and innovative idea of bringing development in rural sectors, it has been developing the investing solutions according to the investment requirements.rnMutual fund investors can see this as an optimistic opportunity and should start investing in the schemes of Mahindra Mutual Fund as they are expected to grow at a fast pace. Read this write-up to know about Mahindra Mutual Fund and some of its newly launched schemes.