About Mahindra Mutual Fund Kar Bachat Yojana Direct -Dividend
Mahindra Mutual Fund Kar Bachat Yojana Direct -Dividend is a Tax Saver
mutual fund scheme from Mahindra Mutual Fund
. This scheme was launched on 18 Oct 2016 and is currently managed by its fund manager V Balasubramanian
. It has an AUM of ₹352.86 Crores and the latest NAV decalared is ₹11.524 as on 18 Nov 2019 at 9:05 pm.
Mahindra Mutual Fund Kar Bachat Yojana Direct -Dividend scheme return performance in last 1 year is 8.67%, in last 3 years is 25.42% and 24.95% since scheme launch. The min. SIP amount to invest in this scheme is ₹500.
About Fund Category
Having a statutory lock-in period of 3 years, ELSS Funds enable long term wealth accumulation along with the benefit of tax saving. Investing in ELSS Funds makes you eligible to claim a tax deduction of up to Rs 1.5 lakh under Section 80C of the Income Tax Act 1961.