Mahindra Mutual Fund

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 2022, the AMC offers more than 31 schemes and has an asset under management (AuM) of Rs. 72727.95 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).