Mahindra Unnati Emerging Business Yojana Growth - Direct

Updated on Aug 14, 2020

Overview

Mahindra Mutual Fund launched the Mahindra Manulife Mid Cap Unnati Yojana Direct Plan, which is an Equity Mutual Fund. The scheme was officially launched for the investors on January 30, 2018. Currently, the fund manager of the Mahindra Mid Cap Unnati Yojana Direct-Growth fund is V Balasubramanian. The fund has no assets under AUM- Asset Under Management of INR 493 crores and the newest NAV as on august 12, 2020 is INR 10.12.

This scheme is rated moderately high as per the risk. The minimum investment for SIP is fixed at 500. The minimum lump sum investment is set at 1000. The exit load is at 1%, which is redeemed under one year.

Background

Mahindra is one of the leading companies in India. The people of the country trust it as the brand has gained both trust and popularity. The Mahindra Asset Management Company Private Limited is an entirely subordinate company of the Mahindra and Mahindra Financial Services Limited. Mahindra provides different scheme all over the numerous capitalization market in a variety of categories. The focus of these schemes are mainly in semi-urban and rural areas. The Mahindra focuses more in the rural areas while the other mutual fund providers don’t do that. And that makes Mahindra unique than others in such a competitive market. The company aims to make plans available to the general public all over India, especially the investors who are living in rural areas.

Investment Objective

The objective of the investment in the scheme is generating capital appreciation for a more extended period and giving capital growth chances for a longer time which is done by investing in the portfolio combined from equity and related equity derivatives and security on the mid-cap companies predominantly. However, the investment objective can vary based on the person or company.

Features

The Mahindra Unnati Emerging Business Yojana Growth direct plan is a mid-cap open-ended plan which is an equity class scheme.

  • The expense ratio of the scheme is 0.86%.
  • The exit load is at 1% which can be redeemed in year after year there is no exit load.
  • The minimum subscription amount for the scheme is one thousand rupees.
  • The minimum addition subscription for the plan is one thousand rupees.
  • The AUM for the scheme is at INR 481 crores.
  • The AMC AUM under this scheme is at INR 3368 crores.
  • The risk of this plan is moderately high.
  • The mid-cap fund has the investment rate of 93.21% in the Indian stocks, and that is 16.28% large in cap stocks, the small-cap stocks are at 4,.67% and the mid-cap funds are at 68.29%.
  • This scheme is suitable for those investors who are willing to invest for at least three to four years. However, investors should always be ready for the loss as the plan is moderately high in risk.

Benefits

  • Selection of fixed sustainable businesses from almost all sectors.
  • Capability to make high risk which is accosted returns for a more extended period.
  • Active management of the portfolios consisting of initial investments in the mid-cap.

Fund Manager

The fund manager is Mr V. Balasubramanian for the Mahindra Unnati Emerging Business Yojana direct plan. He has been managing the funds from august 1, 2018. He has work experience of more than 38 years, and he has been working in the mutual fund industry for the past twenty years. And he worked in the nationalized bank’s treasury functions for eight years. Some of the other funds managed by him are:

  • Mahindra Manulife ELSS Kar Bachat Yojana Regular Dividend
  • Mahindra Manulife ELSS Kar Bachat Yojana Direct-Growth
  • Mahindra Manulife ELSS Kar Bachat Yojana Direct Dividend
  • Mahindra Manulife ELSS Kar Bachat Yojana Regular Growth
  • Mahindra Manulife Mid Cap Unnati Yojana Regular Dividend
  • Mahindra Manulife Mid Cap Unnati Yojana Direct Dividend
  • Mahindra Manulife Mid Cap Unnati Yojana Regular Growth
  • Mahindra Manulife Mid Cap Unnati Yojana Direct Growth
  • Mahindra Manulife Rural Bharat and Consumption Yojana Regular Growth
  • Mahindra Manulife Rural Bharat and Consumption Yojana Direct Growth
  • Mahindra Manulife Rural Bharat and Consumption Yojana Direct Dividend
  • Mahindra Manulife Rural Bharat and Consumption Yojana Regular Dividend

NAV

NAV per unit in Indian rupees= Market Value of the investment in scheme + current asset with the accrued income- current provisions and liabilities/number of those units outstanding dividend through the valuation option under the plan.

Top Holdings

Name

Sector

Instrument

% Assets

Hindustan Unilever Ltd.

FMCG

Equity

5.7%

Tata Consumer Products Ltd.

FMCG

Equity

4.0%

Honeywell Automation Pvt Ltd.

Engineering

Equity

3.7%

Whirlpool of India Ltd.

Cons Durable

Equity

3.2%

Jubilant Foodworks Ltd.

Services

Equity

3.2%

Atul Ltd.

Chemicals

Equity

2.9%

Coromandel International Ltd

Chemicals

Equity

2.8%

HDFC Pvt Ltd.

Financial

Equity

2.5%

Sanofi India Ltd.

Healthcare

Equity

2.5%

Godrej properties Ltd.

Construction

Equity

2.4%

Equity Sector Allocation

  • Engineering: 5.7%
  • Services:7.3%
  • Others: 17.7%
  • Automobile: 6.6%
  • Energy: 5.0%
  • Financial: 15.4%
  • Healthcare: 14.4%
  • FMCG: 14.4%
  • Chemicals: 13.4%

Official Website

Visit the online portal to learn more.

Frequently Asked Questions

Q. What is Mahindra Unnati Emerging Business Yojana?

Mahindra Mutual Fund launched the Mahindra Manulife Mid Cap Unnati Yojana Direct Plan, which is an Equity Mutual Fund.

Q. What is Mahindra Mutual Funds?

Mahindra is one of the leading companies in India. The people of the country trust it as the brand has gained both trust and popularity. The Mahindra Asset Management Company Private Limited is an entirely subordinate company of the Mahindra and Mahindra Financial Services Limited. Mahindra provides different scheme all over the numerous capitalization market in a variety of categories.

Q. What is the aim of Mahindra Mutual Funds?

The Mahindra focuses more in the rural areas while the other mutual fund providers don’t do that. And that makes Mahindra unique than others in such a competitive market. The company aims to make plans available to the general public all over India, especially the investors who are living in rural areas.

Q. Who is the manager of the funds?

The fund manager is Mr V. Balasubramanian for the Mahindra Unnati Emerging Business Yojana direct plan. He has been managing the funds from august 1, 2018.

Q. What is the investment objective?

The objective of the investment in the scheme is generating capital appreciation for a more extended period and giving capital growth chances for a longer time which is done by investing in the portfolio combined from equity and related equity derivatives and security on the mid-cap companies predominantly.



WRITTEN BYVarsha Verma

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