About Mahindra Mutual Fund Kar Bachat Yojana Direct - Growth
Mahindra Mutual Fund Kar Bachat Yojana Direct - Growth is a Tax Saver
mutual fund scheme from Mahindra Manulife Mutual Fund
. This scheme was launched on 18 Oct 2016 and is currently managed by its fund manager Srinivasan Ramamurthy
. It has an AUM of ₹264.75 Crores and the latest NAV decalared is ₹11.247 as on 05 Jul 2020 at 12:04 pm.
Mahindra Mutual Fund Kar Bachat Yojana Direct - Growth scheme return performance in last 1 year is -9.37%, in last 3 years is -3.66% and 12.15% 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.