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
₹1629.51
0.04%
NAV as on 20 Nov 24, 12:00 AM
moderate risk
liquid
liquid
NAV as on 20 Nov 24, 12:00 AM
moderate risk
liquid
liquid
7.39%p.a.
Last 1Y
6.29%p.a.
Last 3Y
5.32%p.a.
Last 5Y
5.99%p.a.
Since Inception
About Mahindra Manulife Liquid Fund Plan Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Mahindra Manulife Liquid Fund Plan Growth scheme from Mahindra Manulife Investment Management Pvt. Ltd.. It is a Liquid mutual fund scheme that predominantly invests in Liquid stocks of companies. Launched on Jul 2016, Mahindra Manulife Liquid Fund Plan Growth is Liquid fund of its category with 1,321.78 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Liquid funds.
- Mahindra Manulife Liquid Fund Plan Growth delivered 7.4% annual returns during the last year. It has delivered 6.0% average annual returns since the fund was launched.
- Mahindra Manulife Liquid Fund Plan Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in liquid
Fund Objective
The Scheme seeks to deliver reasonable market related returns with lower risk and higher liquidity through a portfolio of money market and debt instruments. However, there is no assurance that the investment objective of the Scheme will be realized and the Scheme does not assure or guarantee any returns.
Top 10 Holdings
Reliance Jio Infocomm Limited 2024 **
7.50%
Axis Bank Limited 2024 ** #
5.62%
State Bank Of India 2024 ** #
5.61%
6.18% Govt Stock 2024
3.78%
LIC Housing Finance Ltd
3.77%
Export Import Bank Of India 2024 **
3.75%
Reliance Industries Limited 2024 **
3.74%
Aditya Birla Finance Limited 2024 **
3.74%
Kotak Mahindra Bank Limited 2025 ** #
3.72%
Pnb Housing Finance Limited 2025 **
3.72%
Fund Managers
- Rahul Pal (Jul 2016 - Present)
- Amit Garg (Jun 2020 - Present)
Key Information
View Scheme Document
Mahindra Manulife Liquid Fund Plan Growth SIP Calculator
If invested
per month
For a period of
Investment of ₹0 could have been
₹0(+0.0%)
₹0 (+0.0%)
This Fund
₹0 (+0.0%)
Fixed Deposit
NRI Mutual Fund Tax on Mahindra Manulife Liquid Fund Plan 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 Liquid Fund Plan 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 Liquid Fund Plan 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
Similar Funds
Funds
3Y Return
ICICI Prudential Liquid Fund Growth
moderate risk | liquid
6.2%
Aditya Birla Sun Life Liquid Plan Growth
moderate risk | liquid
6.3%
Aditya Birla Sun Life Liquid Fund Retail Growth
moderate risk | liquid
6.3%
Frequently Asked Questions
Copyright | 2021 @ SBNRI | All Rights Reserved