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
₹20.74
0.20%
NAV as on 14 May 24, 12:00 AM
very high risk
equity consumption
equity
NAV as on 14 May 24, 12:00 AM
very high risk
equity consumption
equity
35.70%p.a.
Last 1Y
19.88%p.a.
Last 3Y
16.45%p.a.
Last 5Y
14.28%p.a.
Since Inception
About Mahindra Manulife Consumption Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Mahindra Manulife Consumption Fund Growth 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 Growth is Equity - Consumption fund of its category with 177.31 Cr fund under management as on May 2024. The expense ratio of this fund is less than that of most other Fund category Equity - Consumption funds.
- Mahindra Manulife Consumption Fund Growth delivered 35.7% annual returns during the last year. It has delivered 14.3% average annual returns since the fund was launched.
- Mahindra Manulife Consumption 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 portfolio of companies that are likely to benefit from consumption led demand in India.
Top 10 Holdings
ITC Ltd
6.39%
Bharti Airtel Ltd
6.04%
Maruti Suzuki India Ltd
5.78%
Mahindra & Mahindra Ltd
3.95%
Varun Beverages Ltd
3.30%
Hero MotoCorp Ltd
3.02%
Tata Power Co Ltd
2.96%
Indus Towers Ltd Ordinary Shares
2.90%
Trent Ltd
2.74%
Titan Co Ltd
2.44%
Fund Managers
- Fatema Pacha (Dec 2020 - Present)
- Abhinav Khandelwal (Apr 2022 - Present)
Key Information
View Scheme Document
Mahindra Manulife Consumption Fund Growth SIP Calculator
If invested
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For a period of
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₹0(+0.0%)
₹0 (+0.0%)
This Fund
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NRI Mutual Fund Tax on Mahindra Manulife Consumption 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 Consumption 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 Consumption 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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Frequently Asked Questions
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