NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹17.47
-3.74%
NAV as on 16 Jan 25, 12:00 AM
very high risk
equity consumption
equity
NAV as on 16 Jan 25, 12:00 AM
very high risk
equity consumption
equity
22.52%p.a.
Last 1Y
18.71%p.a.
Last 3Y
17.15%p.a.
Last 5Y
14.42%p.a.
Since Inception
About Mahindra Manulife Consumption Fund Reinvestment of Inc Dis cum CptlWdrl for NRIs
NRIs can achieve long-term capital appreciation by investing in the Mahindra Manulife Consumption Fund Reinvestment of Inc Dis cum CptlWdrl scheme from Mahindra Manulife Investment Management Pvt. Ltd.. It is a Equity - Consumption mutual fund scheme that predominantly invests in Equity - Consumption stocks of companies. Launched on Nov 2018, Mahindra Manulife Consumption Fund Reinvestment of Inc Dis cum CptlWdrl is Equity - Consumption fund of its category with 423.34 Cr fund under management as on Jan 2025. The expense ratio of this fund is less than that of most other Fund category Equity - Consumption funds.
- Mahindra Manulife Consumption Fund Reinvestment of Inc Dis cum CptlWdrl delivered 22.5% annual returns during the last year. It has delivered 14.4% average annual returns since the fund was launched.
- Mahindra Manulife Consumption Fund Reinvestment of Inc Dis cum CptlWdrl scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in equity
Fund Objective
The investment objective of the Scheme is to generate long term capital appreciation by investing in a portfolio of companies that are likely to benefit from consumption led demand in India.
Top 10 Holdings
Mahindra & Mahindra Ltd
6.03%
ITC Ltd
5.88%
Hindustan Unilever Ltd
5.53%
Bharti Airtel Ltd
5.42%
Trent Ltd
4.11%
United Spirits Ltd
2.94%
Tata Power Co Ltd
2.54%
Zomato Ltd
2.49%
Havells India Ltd
2.43%
Varun Beverages Ltd
2.38%
Fund Managers
- Fatema Pacha (Dec 2020 - Present)
- Navin Matta (Oct 2024 - Present)
Key Information
View Scheme Document
Mahindra Manulife Consumption Fund Reinvestment of Inc Dis cum CptlWdrl SIP Calculator
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NRI Mutual Fund Tax on Mahindra Manulife Consumption Fund Reinvestment of Inc Dis cum CptlWdrl
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in Mahindra Manulife Consumption Fund Reinvestment of Inc Dis cum CptlWdrl?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in Mahindra Manulife Consumption Fund Reinvestment of Inc Dis cum CptlWdrl
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
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