Mahindra Asset Management Company Pvt. Ltd. is the investment manager for Mahindra Mutual Funds which aims to provide the investors with a variety of mutual fund schemes. According to their financial strategy, Mahindra AMC has a special focus laid on investors from rural and semi-urban areas.
Keeping an exact balance between risk and opportunity, Mahindra Mutual Funds provide one of the best investment solutions to its customers. Moreover, the professional fund management team employs a disciplined approach and defined analytical tools to ensure the delivery of optimum performance.
Mutual Funds offered by Mahindra Asset Management Company
Mahindra Mutual Funds as an asset management company focuses on delivering ‘long-term results through active management and analysing opportunities where others may not’.
They have shown incredible growth with net assets under management growing steadily each passing year. Here are some of the best mutual fund schemes offered by Mahindra Asset Management Company:
Equity Funds category under Mahindra AMC has a number of high growth oriented schemes which are worthy enough for the investors looking for long-term investment options. As these funds invest majorly in equities and stocks, and advantage from growing markets, they are considered as high risk investments. Given below are top 5 equity mutual funds from Mahindra:
|Fund Name||AUM (Crores)||Link|
|Mahindra Top 250 Nivesh Yojana||Rs. 208||Invest Now|
|Mahindra Mutual Fund Badhat Yojana||Rs. 311||Invest Now|
|Mahindra Mutual Kar Bachat Yojana||Rs. 308||Invest Now|
|Mahindra Pragati Bluechip Yojana||Rs. 95||Invest Now|
|Mahindra Rural Bharat and Consumption Yojana||Rs. 65||Invest Now|
Mahindra Mutual Funds has a set of debt funds for conservative investors wanting to earn assured returns. Debt funds invest in high rated bonds, government securities, treasury bonds, certificates of deposits etc., and other fixed-interest instruments.
Here are the top Mahindra Debt Mutual Funds:
|Fund Name||AUM (Crores)||Link|
|Mahindra Liquid Fund||Rs. 2,801||Invest Now|
|Mahindra Low Duration Bachat Yojana||Rs. 503||Invest Now|
|Mahindra Credit Risk Yojana||Rs. 149||Invest Now|
|Mahindra Ultra SHort Term Fund||Rs. 127||Invest Now|
|Mahindra Overnight Fund||Rs. 26||Invest Now|
With their Hybrid Funds, Mahindra AMC focuses on giving quality returns and exposure to different asset classes depending on the investment stance in a portfolio. The investments are made into equities as well as debt securities to lessen the risk which comes with pure equity funds. Some of the best Hybrid Funds by Mahindra are:
|Fund Name||AUM (Crores)||Link|
|Mahindra Dhan Sanchay Equity Savings Yojana||Rs. 207||Invest Now|
|Mahindra Hybrid Equity Nivesh Yojana||Rs. 131||Invest Now|
How to invest in Mahindra Mutual Funds via Paisabazaar.com?
Given below is a step by step guide to invest in Mutual Funds by Mahindra AMC:
Step 1: On Paisabazaar.com, select the ‘Mutual Fund’ option.
Step 2: If you are a registered user, login onto the platform using your mobile number and password/OTP. Or create a new account.
Step 3: Choose ‘Invest’ >‘Explore All Funds’ on the left side bar.
Step 4: Select the Mahindra Mutual Fund of your choice. Now, all the details of the fund including NAV, risk level, etc. will appear.
Step 5: Enter the amount you wish to invest, select the investment type – SIP or Lumpsum, and click on the ‘Confirm & add to cart’ option.
Step 6: You can complete the payment using net banking of major Indian banks.
The mutual fund units will be allotted to you within 5 working days. If you’re not KYC Compliant, you will need to complete your KYC before investing in mutual fund schemes.
How to complete your KYC Check for Mahindra Mutual Funds
KYC (Know Your Customer) is a one-time customer identification process and a mandatory compliance requirement for investors who wish to invest in mutual funds. It has been made compulsory by the capital markets regulator SEBI (Securities and Exchange Board of India) for mutual fund investments in order to curb fraudulent activities.
If you’re a first time customer, you need to get your KYC Check before investing in Mutual Funds.
The KYC Process can be initiated and completed with any of the following SEBI-registered intermediaries:
- The Fund House (Asset Management Company)
- KYC Registration Agency (KRA) such as CAMS, Karvy, CSDL (Central Depository Services Limited) Ventures, NSDL (National Securities Depository Limited) and NSE-owned (National Stock Exchange) DotEx International Limited
To complete your KYC online, follow these steps, and you’ll be good to go:
Step 1: Visit the website of Mahindra Mutual Fund or any of the above-mentioned KRA’s website and create an investor account by filling in your personal details and your Aadhaar-linked mobile number so that you can verify the account using that OTP.
Step 2: Upload self-attested copies of your Identity Proof and Address Proof.
That’s all. Your eKYC process is done!
Documents Required for Mahindra Mutual Fund Investment
Here is a list of official documents required to validate the identity and address of an investor:
- Identity Proof
- Aadhaar Card
- PAN Card
- Driving License
- Address Proof
- Aadhar Card
- Driving License
- Recent Utility Bill
- Rental/Lease Agreement
Fund Managers of Mahindra Mutual Fund
Mahindra Asset Management Company has put some highly professional and experienced fund managers into service to ensure that the portfolio for each fund is skillfully managed. Let us know more about Mahindra Fund Managers:
- Mr. Krishna Sanghavi
Mr. Krishna is working as the Chief Investment Officer (equity) in Mahindra AMC. He has an overall experience of 24 years out of which he has worked for 11 years in the Mutual Fund industry and 8 years in the Life Insurance Industry. He has previously worked with Canara Robeco Asset Management Company, Kotak Mahindra AMC and Aviva Life Insurance Company India Ltd.
- Mr. V. Balasubramanian
As a Chief Portfolio Strategist for Equity, Mr. Balasubramanian is responsible for monitoring and managing the Equity Portfolios. He has over 38 years of experience in financial markets with 20 years working experience in the Mutual Fund industry and 8 years in Treasury of a national bank.
- Mr. Srinivasan Ramamurthy
Mr. Ramamurthy is working as a fund manager in Mahindra Asset Management Company Ltd. In more than 11 years of working experience, he has been engaged in various investment roles such as Fund Management, Research and Investment Strategies. He has previously worked in financial sector equity research at IIFL Capital & Credit Suisse. He has also been a strategy consultant with KPMG advising clients on the financial services space prior to his foray into investments.
Frequently Asked Questions
Q. What is an Asset Management Company (AMC)?
A. AMC is an organisation which manages the pooled funds from numerous investors and invests them in various financial securities to generate returns.
Q. What is Net Asset Value (NAV)?
A. Net Asset Value measures the performance of an individual mutual fund scheme of an AMC. In essence, it is the market valuation of the securities the fund has invested in. So, the NAV per unit is derived from dividing the total market value of all the invested securities by the total number of units issued. Since, the number of unit holders and valuation of securities change everyday, the NAV of a mutual fund also changes accordingly.
Q. What is Expense Ratio?
A. Expense Ratio refers to a small amount of fee charged by Asset Management Companies annually to manage investors’ assets. It covers the operating and managing cost incurred by the AMC. It is a percentage of the total assets invested by the investor.
Q. What is Entry Load?
A. When an investor purchases units of a mutual fund scheme for the first time, s/he is charged a small amount of processing fee by the Asset Management Company which is known as an Entry Load.
Q. What is Exit Load?
A. When investors redeem their investment from a mutual fund scheme, s/he is charged a small amount of processing fee which is known as an Exit Load. It is also charged when investors choose to switch between different mutual fund schemes of a specific AMC.