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
₹33.79
1.30%
NAV as on 23 Nov 24, 12:00 AM
very high risk
multi cap
equity
NAV as on 23 Nov 24, 12:00 AM
very high risk
multi cap
equity
28.52%p.a.
Last 1Y
17.88%p.a.
Last 3Y
24.26%p.a.
Last 5Y
18.03%p.a.
Since Inception
About Mahindra Manulife Multi Cap Fund Plan Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Mahindra Manulife Multi Cap Fund Plan Growth scheme from Mahindra Manulife Investment Management Pvt. Ltd.. It is a Multi-Cap mutual fund scheme that predominantly invests in Multi-Cap stocks of companies. Launched on May 2017, Mahindra Manulife Multi Cap Fund Plan Growth is Multi-Cap fund of its category with 4,734.88 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Multi-Cap funds.
- Mahindra Manulife Multi Cap Fund Plan Growth delivered 28.5% annual returns during the last year. It has delivered 18.0% average annual returns since the fund was launched.
- Mahindra Manulife Multi Cap Fund Plan 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 provide medium to long term capital appreciation through appropriate diversification and taking low risk on business quality. The diversified portfolio would predominantly consist of equity and equity related securities including derivatives. However, there can be no assurance that the investment objective of the Scheme will be achieved.
Top 10 Holdings
HDFC Bank Ltd
5.77%
Reliance Industries Ltd
3.80%
Hindustan Unilever Ltd
2.69%
PI Industries Ltd
2.56%
Persistent Systems Ltd
2.55%
Trent Ltd
2.51%
Divi's Laboratories Ltd
2.46%
BSE Ltd
2.16%
InterGlobe Aviation Ltd
2.16%
Samvardhana Motherson International Ltd
1.99%
Fund Managers
- Manish Lodha (Dec 2020 - Present)
- Fatema Pacha (Oct 2020 - Present)
Key Information
View Scheme Document
Mahindra Manulife Multi Cap Fund Plan Growth SIP Calculator
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NRI Mutual Fund Tax on Mahindra Manulife Multi Cap 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 Multi Cap 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 Multi Cap 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
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Frequently Asked Questions
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