Mahindra Manulife Equity Savings Fund

Primarily market-linked growth exposure

The Scheme seeks to generate long term capital appreciation and also income through investments in equity and equity related instruments, arbitrage opportunities and investments in debt and money market instruments. However, there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.

How the money may be invested

Equity and Equity related Securities of which: 65% - 85% (i) Equity and Equity related securities (unhedged)*^: 15% - 50% (ii) Equities, equity related securities and derivatives including index futures, stock futures, index options, & stock options, etc. as part of hedged / arbitrage exposure (hedged)*: 15% - 70% Debt and Money Market Securities: 15% - 35% Units issued by REITs & InvITs: 0% - 10% In the absence of suitable arbitrage opportunities, the investment manager may choose to have a lower equity exposure. In such defensive circumstances the asset allocation will be as per the below table: Equity and Equity related Securities of which: 45% - 70% (i) Equity and Equity related securities (unhedged)*^: 30% - 65% (ii) Equities, equity related securities and derivatives including index futures, stock futures, index options, & stock options, etc. as part of hedged / arbitrage exposure (hedged)*: 5% - 15% Debt and Money Market Securities^: 30% - 55% Units issued by REITs & InvITs: 0% - 10% *Equity allocation is measured as the Gross exposure to equities, equity related instruments and derivatives. The Scheme will enter into derivatives transactions for hedging and/or portfolio balancing. The derivative positions will be hedged against corresponding positions in either equity or derivative markets depending on the strategies involved and execution costs. On the total portfolio level, the Scheme does not intend to take a net short exposure to equity markets. Unhedged positions in the portfolio (investments in equity shares without corresponding exposure to equity derivative) shall not exceed 50% of the net assets, under normal circumstances and 65% of the net assets, under defensive circumstances. ^The Scheme may take exposure in equity derivative instruments (as part of the Unhedged Equity component) to the extent of 50% of the Unhedged Equity component. Further, the Scheme may use derivatives for such purposes as maybe permitted by the Regulations, including for the purpose of hedging and portfolio balancing, based on the opportunities available and subject to guidelines issued by SEBI from time to time.

SEBI category

Equity Savings Fund

Fund type

An open ended scheme investing in equity, arbitrage and debt

Primary benchmark

Nifty Equity Savings Index TRI

Secondary benchmark

CRISIL 10 Yr Gilt Index

Use the latest monthly portfolio

Top holdings are the largest securities currently owned by the scheme. Names and weights can change every month, so a copied list can become misleading. Open the AMC's current official portfolio or factsheet below and look for this exact fund name.

Manager and scheme tenure

Fund manager(s)

FM-1 Mr. Renjith Sivaram (Equity portion), FM-2 Mr. Navin Matta (Equity portion), FM-3 Mr. Rahul Pal (Debt portion), FM-4 Mr. Kush Sonigara (Debt portion), FM- 5 Mr. Pranav Patel

Manager tenure on this scheme

Since FM-1 Managing since July 1, 2023, FM-2 Managing since January 01,2026, FM-3 Managing since February 1, 2017, FM-4 Managing since January 01,2026, FM- 5 Managing since January 5, 2024

Role / co-management

FM- 1 Equity Portion, FM- 2 Equity Portion, FM-3 Debt Portion, FM-4 Debt Portion, FM-5 Dedicated fund manager for managing overseas investments

The tenure above is experience managing this scheme, not the manager's total career experience. For education, qualifications and prior roles, open the latest official AMC factsheet or manager profile below.

Latest NAV records

NAV is a per-unit accounting value. Compare returns, portfolio, risk and cost — never choose a fund only because its NAV looks low.

What you pay and how money moves

Stated expense ratio

Regular 2.35%, Direct 0.68%

Exit load

10% of the units allotted shall be redeemed without any exit load, on or before completion of 15 calendar days from the date of allotment of Units. Any redemption in excess of the above limit shall be subject to the following exit load: An exit load of 1% is payable if Units are redeemed / switched-out on or before completion of 15 calendar days from the date of allotment of Units; Nil - If Units are redeemed / switched-out after completion of 15 calendar days from the date of allotment of Units.

Minimum application

1000 · multiples of 1

SIP frequency

SIP - Weekly / Monthly / Quarterly, SWP - Monthly / Quarterly / Half-Yearly / Annual, STP - Daily / Weekly / Monthly / Quarterly,

Minimum SIP amount

SIP - Weekly: 500; Monthly: 500; Quarterly: 1500; SWP - Monthly: 500; Quarterly: 500; STP - Daily, Weekly & Monthly: 500; Quarterly: 1500

Minimum instalments

SIP - Weekly / Monthly: 6, Quarterly - 4, SWP - Monthly, Quarterly, Half-Yearly & Annual - 2, STP - Daily, Weekly & Monthly - 6, Quarterly - 4

How a mutual-fund investment is paid

1. Complete KYCIdentity, PAN, bank and contact verification are required.
2. Choose route and optionUnderstand direct vs regular and growth vs IDCW before selecting.
3. Choose SIP or lump sumSIP uses an automated mandate; lump sum is a one-time payment.
4. Receive units at applicable NAVCut-off time, cleared funds and scheme rules determine the applicable NAV.
5. Review, do not chaseTrack goal fit, risk, manager/mandate changes, costs and portfolio — not daily noise.

Download and verify at source

The packaged Scheme Summary PDF is the official AMFI file, unchanged. Live AMC links are included for time-sensitive factsheets, top holdings and portfolios.

Source verification date: 06 September 2026. If a live document differs from this page, rely on the newer official document.