Mahindra Manulife ELSS Tax Saver Fund Direct Growth
Get the latest NAV of Mahindra Manulife ELSS Tax Saver Fund Direct Growth. View historical returns compared to its benchmark and category average. Know which stocks and sectors the fund is investing in. Get an estimate of returns from the SIP and lump sum returns calculator. View detailed holding analysis and peer comparison. Get INDmoney ranking of the fund.
₹33.30
▲1.2%1D
NAV as on 20 Jun 2025
14.84%/per year
Since Inception
▲▼
237 people have invested ₹ 5.7L in Mahindra Manulife ELSS Tax Saver Fund Direct Growth in the last three months
Mahindra Manulife ELSS Tax Saver Fund Performance vs. Nifty 500
Fund returns vs Benchmark returns vs Category Average returns as on (20-Jun-25)
The fund has consistently outperformed the benchmark (Nifty 500) over the last 1Y, 3Y, 5Y time periods.
INDmoney Rank
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IND ranking is not available for this fund.
Mahindra Manulife ELSS Tax Saver Fund Returns Calculator
Calculate SIP and lumpsum returns based on historical performance
Total Investment
0
Profit
Total Corpus
0
Mahindra Manulife ELSS Tax Saver Fund Asset Allocation
See fund asset allocation details as on (14-Jun-25)
Fund Distribution
as on (14-Jun-25)
Equity 97.9%
Debt & Cash 2.1%
Mahindra Manulife ELSS Tax Saver Fund Sector Allocation
See fund sector allocation details as on (14-Jun-25)
Sector Allocation
Equity 97.9%
Debt & Cash 2.1%
Top 3 Sectors in May were Financial Services, Consumer Cyclical & Industrial
Financial Services
37%
Consumer Cyclical
16%
Industrial
10%
Financial Services
37%
Consumer Cyclical
16%
Industrial
9%
Mahindra Manulife ELSS Tax Saver Fund Holdings Details
as on (31-May-25)
Equity
Mahindra Manulife ELSS Tax Saver Fund Direct Growth Overview
Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.
| Expense ratio | 0.59% |
Benchmark | Nifty 500 TR INR |
| AUM | ₹950 Cr |
| Inception Date | 18 October, 2016 |
| Min Lumpsum/SIP | ₹500/₹500 |
| Exit Load | 0% |
| Lock In | 3 Years |
TurnOver | 83.55% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
About Mahindra Manulife ELSS Tax Saver Fund
Mahindra Manulife ELSS Tax Saver Fund Direct Growth is an equity fund. This fund was started on 18 October, 2016. The fund is managed by Manish Lodha, Fatema Pacha. The fund could potentially beat inflation in the long-run.
Key Parameters
- Mahindra Manulife ELSS Tax Saver Fund Direct Growth has ₹950 Cr worth of assets under management (AUM) as on May 2025 and is more than category average.
- The fund has an expense ratio 0.6.
Returns
Mahindra Manulife ELSS Tax Saver Fund Direct Growth has given a CAGR return of 14.84% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 5.51%, 22.57% and 24.97% respectively.
Holdings
Mahindra Manulife ELSS Tax Saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Industrial, Tech, Basic Materials, Consumer Defensive, Energy, Communication, Health, Utilities. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Reliance Industries Ltd, Larsen & Toubro Ltd, Axis Bank Ltd
Taxation
As it is a elss (tax savings) mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 20%For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefitDividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.
Investment objective of Mahindra Manulife ELSS Tax Saver Fund Direct Growth
The investment objective of the Scheme is to generate long-term capital appreciation through a diversified portfolio of equity and equity related securities. The Scheme does not guarantee or assure any returns.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 500.00. There is a lock in period for Mahindra Manulife ELSS Tax Saver Fund Direct Growth of 3 Years
Fund Manager
Manish Lodha
Fund Manager of Mahindra Manulife ELSS Tax Saver Fund Direct Growth, since 21 December 2020
Fatema Pacha
Fund Manager of Mahindra Manulife ELSS Tax Saver Fund Direct Growth, since 16 October 2020
- AUM of the fund stands at 949.9 Cr as of May'25
- AUM increased by 26.3 Cr between May'25 and Apr'25
More funds from Mahindra
5Y CAGR
▲ 31.63
5Y CAGR
▲ 29.50
3Y CAGR
▲ 27.55
3Y CAGR
▲ 24.57
5Y CAGR
▲ 27.13
Compare Mahindra Manulife ELSS Tax Saver Fund
Mahindra Manulife ELSS Tax Saver Fund
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Axis ELSS Tax Saver Fund Direct Growth
Frequently Asked Questions for Mahindra Manulife ELSS Tax Saver Fund Direct Growth
How do I invest in Mahindra Manulife ELSS Tax Saver Fund?
- Download the INDmoney app.
- Search for ‘Mahindra Manulife ELSS Tax Saver Fund’.
- Select whether you want to invest in SIP or lump sum.
- Enter the amount you wish to invest.
- Set up payments via bank mandate or UPI.