Mahindra Manulife ELSS Mutual Fund

Mahindra Manulife ELSS Mutual Fund is a tax-saving mutual fund scheme that invests primarily in equity-linked securities to provide long-term capital appreciation to investors while offering tax benefits under Section 80C of the Income Tax Act.

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Investment Objective of Mahindra Manulife ELSS Mutual Fund

The Mahindra Manulife ELSS Mutual Fund is designed to provide investors with opportunities for long-term growth by investing in a diverse portfolio of stocks and stock-related assets. This scheme aims to achieve substantial returns by investing in the equity market and providing exposure to various equity securities.

Risk Involved in Mahindra Manulife ELSS Mutual Fund

The Mahindra Manulife ELSS Mutual Fund is a high-risk investment option compared to debt and balanced funds. The fund's value may fluctuate with changes in the stock market and various economic factors such as interest rates and government policies.

However, the risk is mitigated by portfolio diversification, making it less volatile than pure small-cap or sector-based funds. Investors must consider their risk tolerance before investing in the scheme and remember that the risks may be averaged over a longer investment duration.

Return Potential in Mahindra Manulife ELSS Mutual Fund

Mahindra Manulife MF ELSS Funds aim to offer returns through capital appreciation and dividends. The lock-in period of three years provides stability for the fund manager to make investment decisions leading to potentially higher returns over time.

ELSS funds have a history of delivering average returns of 12-15% over five years. However, there is no guarantee of returns and fund performance may vary. Adding small to mid-cap funds to your portfolio may help increase returns, but it is essential to consider your risk tolerance.

Who Should Invest in Mahindra Manulife ELSS Mutual Fund?

Individuals searching for a tax-saving solution with a bolder risk-taking approach may find Mahindra Manulife ELSS Mutual Funds fitting their needs. With just a 3-year commitment and the shortest of all tax-saving choices, these funds offer a superb opportunity for long-term wealth building while receiving tax advantages.

Whether it's for education expenses, retirement preparation, or purchasing a residence, these funds can aid you in accomplishing your financial aspirations. To attain the most advantageous returns, it's suggested to keep the investment intact throughout the lock-in period and put extra funds that aren't immediately necessary into the investment.

Things to Consider Before Investing in Mahindra Manulife ELSS Mutual Fund

  1. Risk tolerance: Investing in ELSS funds carries a moderate to a high level of market risk, and the fund's value may fluctuate based on market conditions. Consider your risk tolerance before investing.
  2. Long-term investment horizon: ELSS funds are ideal for long-term goals like retirement planning and wealth creation, and a lock-in period of three years help maximise returns.
  3. Investment amount: Consider only investing surplus funds that will be optional in the near future.
  4. Fund performance: The fund's performance may vary over time, and past performance does not guarantee future results.
  5. Diversification: ELSS funds are diversified portfolios of equity and equity-related securities, reducing risk compared to small-cap/mid-cap and sector-based funds.
  6. Tax benefits: ELSS funds offer tax benefits under Section 80C of the Indian Income Tax Act.
  7. Investment goals: Consider your financial objectives and whether investing in an ELSS fund aligns with those goals.

Tax on Mahindra Manulife ELSS Mutual Fund

When considering investing in the Mahindra Manulife ELSS Mutual Fund, it's crucial to remember that your funds will be tied up for a minimum of three years and cannot be sold prior. Upon expiration of the lock-in period, any long-term capital gains exceeding 1 lakh may incur a tax of 10%. Additionally, these investments can reduce your taxable income under section 80C up to 1.5 lakhs annually.

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FAQs

How is Mahindra Manulife Mutual Fund doing?

Mahindra Manulife Mutual Fund is doing relatively well. In the past year, its funds have returned an average of around 7-8%, with some individual funds returning up to 15%. It has also maintained a low expense ratio of 1.25%, among the lowest in the industry. The fund has a wide range of products which cater to various investor needs and risk profiles.

Is Mahindra Manulife ELSS Mutual Fund Safe?

The safety of investment in any mutual fund, including Mahindra Manulife ELSS Mutual Fund, depends on factors such as market conditions and the fund's performance. ELSS funds carry a moderate to a high level of risk as they invest primarily in equities.

Is it beneficial to invest in ELSS funds?

Investing in ELSS funds, including Mahindra Manulife ELSS Mutual Fund, can be a good option for investors with a higher risk appetite and looking to save on taxes while seeking long-term capital appreciation. However, it is essential to carefully consider your investment goals, risk tolerance, and financial situation before making any investment decisions.

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