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
₹18.22
-2.82%
NAV as on 16 Jan 25, 12:00 AM
very high risk
elss (tax savings)
elss
NAV as on 16 Jan 25, 12:00 AM
very high risk
elss (tax savings)
elss
13.27%p.a.
Last 1Y
13.49%p.a.
Last 3Y
17.73%p.a.
Last 5Y
14.17%p.a.
Since Inception
About Mahindra Manulife ELSS Tax Saver Fund Plan Payout of Income Distribution cum Cptl Wdrl for NRIs
NRIs can achieve long-term capital appreciation by investing in the Mahindra Manulife ELSS Tax Saver Fund Plan Payout of Income Distribution cum Cptl Wdrl scheme from Mahindra Manulife Investment Management Pvt. Ltd.. It is a ELSS (Tax Savings) mutual fund scheme that predominantly invests in ELSS (Tax Savings) stocks of companies. Launched on Oct 2016, Mahindra Manulife ELSS Tax Saver Fund Plan Payout of Income Distribution cum Cptl Wdrl is ELSS (Tax Savings) fund of its category with 931.16 Cr fund under management as on Jan 2025. The expense ratio of this fund is less than that of most other Fund category ELSS (Tax Savings) funds.
- Mahindra Manulife ELSS Tax Saver Fund Plan Payout of Income Distribution cum Cptl Wdrl delivered 13.3% annual returns during the last year. It has delivered 14.2% average annual returns since the fund was launched.
- Mahindra Manulife ELSS Tax Saver Fund Plan Payout of Income Distribution cum Cptl Wdrl scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in elss
Fund Objective
The investment objective of the Scheme is to generate long-term capital appreciation through a diversified portfolio of equity and equity related securities. The Scheme does not guarantee or assure any returns.
Top 10 Holdings
HDFC Bank Ltd
9.16%
ICICI Bank Ltd
8.69%
Reliance Industries Ltd
4.61%
Infosys Ltd
4.19%
Larsen & Toubro Ltd
4.11%
State Bank of India
3.48%
Axis Bank Ltd
3.29%
Hindustan Unilever Ltd
2.84%
Bharti Airtel Ltd
2.50%
Shree Cement Ltd
2.31%
Fund Managers
- Manish Lodha (Dec 2020 - Present)
- Fatema Pacha (Oct 2020 - Present)
Key Information
View Scheme Document
Mahindra Manulife ELSS Tax Saver Fund Plan Payout of Income Distribution cum Cptl Wdrl SIP Calculator
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NRI Mutual Fund Tax on Mahindra Manulife ELSS Tax Saver Fund Plan Payout of Income Distribution cum Cptl Wdrl
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 ELSS Tax Saver Fund Plan Payout of Income Distribution cum Cptl Wdrl?
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 ELSS Tax Saver Fund Plan Payout of Income Distribution cum Cptl Wdrl
- 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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Frequently Asked Questions
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