Mahindra Manulife Mutual Fund

About Mahindra Manulife Mutual Funds

Mahindra Manulife Mutual Fund is a joint venture between Manulife Investment Management (Singapore) and Mahindra & Mahindra Financial Services Limited. This AMC (Asset Management Company) aims to provide multiple investment solutions for investors across India, with the main emphasis being on semi-urban areas.

As per the provisions of the Indian Trust Act of 1882, Mahindra Manulife Mutual Fund has been formed as a trust. Earlier, it was known as Mahindra Mutual Fund. However, on June 1, 2020, it was renamed Mahindra Manulife, and the company was issued a fresh registration certificate.

Currently, this AMC offers 19 mutual funds. Investors seeking regular growth and impressive returns should consider investing in Mahindra Manulife Mutual Funds.

Types of Mahindra Manulife Mutual Funds

Every mutual fund is divided into three categories: Equity, Debt, and Hybrid. 

Equity funds usually invest in the stock of various companies based on their investment goals. While debt funds lend money to the government and companies.

On the other hand, hybrid funds invest in different types of assets, including equity, debt and other asset classes. 

Given below are some Mahindra Manulife Mutual Funds from different categories:

Mahindra Manulife Liquid Fund

With a NAV (Net Asset Value) of ₹1416, the scheme offers a CAGR (Compounded Annual Growth Rate) of 4.09% in a year. Mahindra Manulife Liquid Fund is an open-ended debt fund with low to moderate risk. The minimum investment amount for this MF scheme is ₹1,000.

A few other examples of an open-ended Mahindra Manulife Debt Fund are:

• Mahindra Manulife Low Duration Fund
• Mahindra Manulife Ultra Short-Term Fund
• Mahindra Manulife Overnight Fund
• Mahindra Manulife Dynamic Bond Yojana
• Mahindra Manulife Short-Term Fund

Mahindra Manulife Mid Cap Unnati Yojana

It is an open-ended equity mutual fund scheme with a net asset value of ₹18. The minimum investment amount for this fund is ₹1,000. Investors seeking long-term capital appreciation can invest in this fund. The three years CAGR of this scheme is 22.69%. However, the scheme has a very high-risk profile. 

A few other open-ended Mahindra Manulife Equity Fund includes:

• Mahindra Manulife Multi Cap Badhat Yojana
• Mahindra Manulife Focused Equity Yojana
• Mahindra Manulife Top 250 Nivesh Yojana
• Mahindra Manulife Rural Bharat and Consumption Yojana
• Mahindra Manulife Large Cap Pragati Yojana
• Mahindra Manulife Flexi Cap Yojana

Mahindra Manulife Arbitrage Yojana

It is an open-ended hybrid mutual fund scheme suitable for investors seeking tax-efficient short-term investment options. Mahindra Manulife Arbitrage Yojana has a low-risk profile and returns a CAGR of 2.74% in a year. The minimum investment amount of this scheme is ₹1,000.

Other hybrid mutual fund schemes that Mahindra Manulife Mutual Fund offers are as follows:

• Mahindra Manulife Equity Savings Dhan Sanchay Yojana
• Mahindra Manulife Balanced Advantage Yojana
• Mahindra Manulife Hybrid Equity Nivesh Yojana

Besides, the above-mentioned schemes, Mahindra Manulife Mutual Fund also provides a tax savings scheme, namely — Mahindra Manulife ELSS Kar Bachat Yojana.

How to Invest in Mahindra Manulife Mutual Funds?

There are two ways to invest in Mahindra Manulife Mutual Funds: Offline and Online.

Offline Mode

In this mode, you have to visit the agent or distributor or banks and post offices that offer mutual funds investment services. Fill out the application form, submit the supporting KYC documents, and pay the required deposit amount. 

This method could be a little time-consuming and physically stressful.

Online Mode

Unlike the offline mode, you can invest in a mutual fund scheme while sitting at your home. All you need to do is follow the instructions mentioned below:

Step 1: Visit the official website of Mahindra Manulife Mutual Fund.

Step 2: Click on the “Investment Solutions” option available on the menu bar. 

Step 3: Select the mutual fund scheme you want to invest in and click on the “Invest Now” button.

Step 4: Enter your PAN number and click “Verify PAN.”

Step 5: If the website finds your PAN valid, it will display a message stating that your PAN number is KYC compliant. Click on the “Proceed” button.

Step 6: The system will send an OTP to your registered number. Enter the OTP and press ‘Submit.’

Step 7: A new page will appear where you have to furnish information such as Growth or IDCW (Income Distribution cum Capital Withdrawal), SIP or Lumpsum Mode, Regular or Direct Plan, Investment Amount, and total investment amount. 

Also, you need to choose whether to invest in that specific scheme as an individual, minor, or multiple. 

Step 8: Once you have filled out all the details, click on the “Proceed with My Investment” button.

Step 9: Pay the deposit amount, choose your preferred payment mode and submit. 

Once your mutual fund profile has been created, you will receive a message about the same.

Apart from the above steps, you can also invest through a broker or agent or post office. 

Documents to Invest in Mahindra Manulife Mutual Funds

According to SEBI (Securities and Exchange Board of India), investors must be KYC compliant to be able to invest in mutual funds or stocks. Therefore, if you are planning to invest in Mahindra Manulife Mutual Funds, you need to submit the following documents:

• PAN Card
• Passport size photograph
• Address proof, which may include Aadhaar Card, Driving License, Passport, Voter ID, or any utility bills, including electricity or telephone bill
• KYC Authorisation Letter
• Video selfie