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
₹24.44
-0.08%
NAV as on 30 Apr 24, 12:00 AM
very high risk
focused fund
equity
NAV as on 30 Apr 24, 12:00 AM
very high risk
focused fund
equity
50.27%p.a.
Last 1Y
26.02%p.a.
Last 3Y
0.00%p.a.
Last 5Y
28.78%p.a.
Since Inception
About Mahindra Manulife Focused Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Mahindra Manulife Focused Fund Growth scheme from Mahindra Manulife Investment Management Pvt. Ltd.. It is a Focused Fund mutual fund scheme that predominantly invests in Focused Fund stocks of companies. Launched on Nov 2020, Mahindra Manulife Focused Fund Growth is Focused Fund fund of its category with 1,228.99 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Focused Fund funds.
- Mahindra Manulife Focused Fund Growth delivered 50.3% annual returns during the last year. It has delivered 28.8% average annual returns since the fund was launched.
- Mahindra Manulife Focused Fund Growth 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 concentrated portfolio of equity & equity related instruments of maximum 30 companies across market capitalisation. However, there can be no assurance that the investment objective of the Scheme will be achieved.
Top 10 Holdings
ICICI Bank Ltd
8.77%
Reliance Industries Ltd
8.15%
State Bank of India
6.21%
Infosys Ltd
4.65%
Kotak Mahindra Bank Ltd
4.07%
Grasim Industries Ltd
4.06%
Indus Towers Ltd Ordinary Shares
3.86%
IndusInd Bank Ltd
3.73%
ITC Ltd
3.49%
Sun Pharmaceuticals Industries Ltd
3.31%
Fund Managers
- Krishna Sanghavi (Nov 2020 - Present)
- Fatema Pacha (Dec 2020 - Present)
Key Information
View Scheme Document
Mahindra Manulife Focused Fund Growth SIP Calculator
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NRI Mutual Fund Tax on Mahindra Manulife Focused Fund Growth
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 Focused Fund Growth?
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 Focused Fund Growth
- 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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16.7%
Axis Focused 25 Fund Growth
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9.2%
Franklin India Focused Equity Fund Growth
very high risk | equity
22.8%
Frequently Asked Questions
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