Mutual Fund

Here are the details for the Mahindra Manulife Consumption Fund:

Description: 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. However, there can be no assurance that the investment objective of the scheme will be achieved.

Asset Class: Equity

Asset Sub-Class: Thematic – Consumption

Performance & Returns:

• Return Rate:

  • 1-Year: 4.53%
  • 3-Year: 14.56%
  • 5-Year: 16.25%
  • Since Inception: 11.44%

• CAGR (Compound Annual Growth Rate):

  • 3-Year: 14.56%
  • 5-Year: 16.25%

• XIRR (Extended Internal Rate of Return): Specific XIRR data is not available in the provided sources.

Expense Ratio: 2.38%

Minimum Investment Amount:

• Lump Sum: ₹1,000
• SIP (Systematic Investment Plan): ₹500

Lock-in Period: None

Exit Load:

• 1% if units are redeemed or switched out within 3 months from the date of allotment
• No exit load if units are redeemed or switched out after 3 months from the date of allotment

Please note that mutual fund investments are subject to market risks, and past performance is not indicative of future results. It's advisable to consult with a financial advisor before making investment decisions.