Mahindra Manulife ELSS Tax Saver Fund Direct Plan Growth
Equity
Direct
Elss (Tax Savings)
NAV: ₹ 29.35 as on 24-04-2024
Fund Performance
354 people have invested ₹ 14.6L in Mahindra Manulife ELSS Tax Saver Fund Direct Plan Growth in the last three months
Mutual Fund Insights
Over the last 6 months, this fund has experienced a 20.5% growth in AUM moving from 678.77 Cr to 817.72 Cr.
In the last 3 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 32.74% return, outperforming this fund by 10.61% per annum.
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 33.95% return, outperforming this fund by 14.79% per annum.
In the last 1 year, Quant ELSS Tax Saver Growth Option Direct Plan has given 63.72% return, outperforming this fund by 27.11%.
This fund has one of the lowest expense ratio in the category (elss (tax savings)). Its expense ratio is 0.61% which is lower than the category average expense ratio of 1.29%.
INDmoney Rank of Mahindra Manulife ELSS Tax Saver Fund Direct Plan Growth
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IND ranking is not available for this fund.
Pros
Beats FD returns for both 3Y & 5Y duration
Cons
No bad points found for this fund.
About the Mahindra Manulife ELSS Tax Saver Fund Direct Plan Growth
Mahindra Manulife ELSS Tax Saver Fund Direct Plan Growth is an equity fund. This fund was started on 18 October, 2016. The fund is managed by Fatema Pacha, Manish Lodha. The fund could potentially beat inflation in the long-run.
Key Parameters
- Mahindra Manulife ELSS Tax Saver Fund Direct Plan Growth has ₹818 Cr worth of assets under management (AUM) as on Mar 2024 and is less than category average.
- The fund has an expense ratio 0.6.
Mahindra Manulife ELSS Tax Saver Fund Direct Plan Growth Overview
 | 0.61% |
 Benchmark | S&P BSE 200 India TR INR |
 | ₹818 Cr |
 | 18 October, 2016 |
 | ₹500/₹500 |
 | 0% |
 | 3 Years |
 TurnOver | 66% |
Mahindra Manulife ELSS Tax Saver Fund Direct Plan Growth Distribution as on (31-Mar-24)
Size breakup
Large cap
64%
Mid cap
20.3%
Small cap
14.2%
Sector Allocation
Financial Services
27.1%
Industrial
14.8%
Tech
11.4%
Consumer Cyclical
11.4%
Energy
8.4%
Consumer Defensive
8%
Basic Materials
6.6%
Health
4.8%
Utilities
3.5%
Communication
3.2%
Real Estate
0.9%
Top Holdings of Mahindra Manulife ELSS Tax Saver Fund Direct Plan Growth as on (31-Mar-24)
Equity Holdings59
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 ICICI Bank Ltd | 8.77% | 0% | |
 HDFC Bank Ltd | 6.87% | 0% | |
 Reliance Industries Ltd | 5.09% | -5.4% | |
 Infosys Ltd | 4.92% | 10.3% | |
 Larsen & Toubro Ltd | 3.62% | 27.6% |
See all
Mahindra Manulife ELSS Tax Saver Fund Direct Plan Growth: Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at 0.96% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.47% as on Mar'24
- This fund outperformed Nifty 500 by 1.43% in Mar'24
AUM Change
- AUM of the fund stands at 817.7 Cr as of Mar'24
- AUM increased by 27.3 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Gainers & Losers in Mahindra Manulife ELSS Tax Saver Fund Direct Plan Growth portfolio Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 Avenue Supermarts Ltd | 20.1% |
 Bajaj Finance Ltd | 12% |
 Maruti Suzuki India Ltd | 7.7% |
Top Losers | 1M Return |
|---|---|
 Infosys Ltd | -7.9% |
 Tata Consultancy Services Ltd | -3.6% |
 South Indian Bank Ltd | 8% |
Peer Analysis
Mahindra Manulife ELSS Tax Saver Fund Direct Plan Growth Fund Manager
Fatema Pacha
Fund Manager of Mahindra Manulife ELSS Tax Saver Fund Direct Plan Growth, since 16 October 2020
Top funds managed
Manish Lodha
Fund Manager of Mahindra Manulife ELSS Tax Saver Fund Direct Plan Growth, since 21 December 2020
Top funds managed
Mahindra Manulife ELSS Tax Saver Fund Direct Plan Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 15.33% since inception which is less than its category average return of 15.65%
Fund Allocations
This fund has an allocation of 98.49% in Equity, 0% in Debt and 1.51% in Cash related instruments
AUM size ₹818 Cr
This fund has AUM of ₹818 Cr which is less than its category average of ₹ 3525 Cr
Expense Ratio 0.61%
This fund has an expense ratio of 0.61% which is less than its category average expense ratio of 1.48%
Frequently Asked Questions
The current NAV of Mahindra Manulife ELSS Tax Saver Fund Direct Plan Growth is ₹29.35 as on 24-Apr-2024.
Existing (Absolute + CAGR) as on 24-Apr-2024.
Mahindra Manulife ELSS Tax Saver Fund Direct Plan Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 3.77% | 3.77% |
6 Month Returns | 18.93% | 18.93% |
1 Year Returns | 36.61% | 36.61% |
3 Years Returns | 82.15% | 22.13% |
5 Years Returns | 140.26% | 19.16% |
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0.61% as on March 2024
₹818 Cr as on March 2024
ICICI Bank Ltd(8.77%), HDFC Bank Ltd(6.87%), Reliance Industries Ltd(5.09%), Infosys Ltd(4.92%), Larsen & Toubro Ltd(3.62%) as on March 2024
Financial Services(26.66%), Industrial(14.56%), Tech(11.24%) as on March 2024
The alpha ratio for the Mahindra Manulife ELSS Tax Saver Fund Direct Plan Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Mahindra Manulife ELSS Tax Saver Fund Direct Plan Growth | -1.93 | 1.79 | 1.72 |
As on March 2024
The alpha for Mahindra Manulife ELSS Tax Saver Fund Direct Plan Growth is calculated against S&P BSE 200 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Mahindra Manulife ELSS Tax Saver Fund Direct Plan Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Mahindra Manulife ELSS Tax Saver Fund Direct Plan Growth | 0.92 | 0.94 | 0.94 |
As on March 2024
The Beta for Mahindra Manulife ELSS Tax Saver Fund Direct Plan Growth is calculated with S&P BSE 200 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Mahindra Manulife ELSS Tax Saver Fund Direct Plan Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Mahindra Manulife ELSS Tax Saver Fund Direct Plan Growth | 2.35 | 1.12 | 0.75 |
As on March 2024
The sharpe ratio for Mahindra Manulife ELSS Tax Saver Fund Direct Plan Growth is calculated with S&P BSE 200 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Mahindra Manulife ELSS Tax Saver Fund Direct Plan Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Mahindra Manulife ELSS Tax Saver Fund Direct Plan Growth | 10.22 | 12.83 | 18.26 |
As on March 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 2.18 as on March 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.37 as on March 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Fatema Pacha, Manish Lodha are the fund managers of Mahindra Manulife ELSS Tax Saver Fund Direct Plan Growth
The Exit load of Mahindra Manulife ELSS Tax Saver Fund Direct Plan Growth is 0%