Mahindra Manulife ELSS Tax Saver Fund

Mahindra Manulife ELSS Tax Saver Fund

Equity

Mahindra Mutual Fund

Elss (Tax Savings)

Get the latest NAV of Mahindra Manulife ELSS Tax Saver Fund. 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.

₹31.46

▲1.8%1D

NAV as on 12 Jun 2026

12.58%/per year

Since Inception

Absolute Gain%

▲▼

164 people have invested ₹ 14.6L in Mahindra Manulife ELSS Tax Saver Fund 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 (12-Jun-26)

The fund has outperformed the benchmark (Nifty 500) over 5Y, but underperformed over 1Y, 3Y.

Period
1M
3M
6M
1Y
3Y
5Y
This Fund
0.24%
-0.33%
-8.91%
-5.15%
10.78%
11.75%
Nifty 500
-0.06%
5.65%
-4.75%
-1.34%
12%
10.77%
Elss (Tax Savings) Avg
1.44%
3.43%
-4.69%
-2.05%
13.12%
12.03%
Best in Elss (Tax Savings)
3.88%
14.01%
8.33%
9.27%
23.78%
18.84%
Worst in Elss (Tax Savings)
-0.06%
-1.25%
-9.08%
-8.16%
6.77%
7.81%
Category Rank
8/28
--
--
--
--
--

Mahindra Manulife ELSS Tax Saver Fund Ranking and Peer Comparison

Ranked based on performance, risk management and cost efficiency

22
/30
28% Performance
53% Risk Management
92% Cost

Ranked 22 out of 30 mutual funds in the elss (tax savings) category as per INDmoney.

Fund Name
INDmoney Rank
AUM (in Crs.)
Expense Ratio
1Y Returns
3Y Returns
3Y Alpha
3Y Beta
3Y Sharpe
3Y Sortino
3Y Info Ratio
Mahindra Manulife ELSS Tax Saver Fund
22/30
867Cr
0.64%
-5.15%
10.78%
-1.59
0.90
0.39
0.57
-0.79
SBI ELSS Tax Saver Fund
1/30
30,955Cr
0.98%
-1.76%
18.64%
5.56
0.98
0.83
1.31
1.58
HDFC ELSS TaxSaver Fund
2/30
15,366Cr
1.11%
-3.85%
16.03%
3.22
0.86
0.73
1.10
0.62
Quant ELSS Tax Saver Fund
3/30
13,070Cr
0.72%
9.27%
18.12%
4.50
1.11
0.72
1.19
0.80
See all
Positive: Beats FD returns for both 3Y & 5Y
Beats FD returns for both 3Y & 5Y
Negative: 5Y returns in the bottom 25% of the category
5Y returns in the bottom 25% of the category
Negative: 3Y returns in the bottom 25% of the category
3Y returns in the bottom 25% of the category

Mahindra Manulife ELSS Tax Saver Fund Returns Calculator

Calculate SIP and lumpsum returns based on historical performance

  • 1-time

  • SIP

Total Investment

0

Profit

Total Corpus

0

Absolute Return
▲
▼

Mahindra Manulife ELSS Tax Saver Fund Asset Allocation

See fund asset allocation details as on (14-Jun-26)

Fund Distribution

as on (14-Jun-26)

Large cap
71.6%
Mid cap
15%
Small cap
8.9%
Large Cap allocation has gone down from 74.1% to 71.6%
Large Cap allocation has gone down from 74.1% to 71.6%
Small Cap allocation has gone up from 7.3% to 8.9%
Small Cap allocation has gone up from 7.3% to 8.9%
Mid Cap allocation has gone down from 15.3% to 15%
Mid Cap allocation has gone down from 15.3% to 15%
Cash allocation has gone up from 3.3% to 4.4%
Cash allocation has gone up from 3.3% to 4.4%

Mahindra Manulife ELSS Tax Saver Fund Sector Allocation

See fund sector allocation details as on (14-Jun-26)

Sector Allocation

Financial Services
34.4%
Consumer Cyclical
15.9%
Tech
12.5%
Industrial
8.5%
Basic Materials
6.5%
Energy
5.7%
Consumer Defensive
5%
Health
4.8%
Communication
4.5%
Utilities
1.2%
Real Estate
0.9%

Top 3 Sectors in May were Financial Services, Consumer Cyclical & Tech

May'26

Financial Services

30%

Consumer Cyclical

16%

Tech

10%

Apr'26

Financial Services

30%

Consumer Cyclical

17%

Tech

11%

Mahindra Manulife ELSS Tax Saver Fund Holdings Details

as on (31-May-26)

Holdings
Weight%
1M Change
ICICI Bank Ltd
8.83%
0%
HDFC Bank Ltd
7.28%
7.6%
Bharti Airtel Ltd
4.01%
11.8%
Infosys Ltd
3.4%
0%
Reliance Industries Ltd
3.32%
0%
See all
Top Stocks bought last month
Kotak Mahindra Bank Ltd's allocation increased from 0.33% to 1.33%
Kotak Mahindra Bank Ltd's allocation increased from 0.33% to 1.33%
Grindwell Norton Ltd's allocation increased from 0.32% to 0.92%
Grindwell Norton Ltd's allocation increased from 0.32% to 0.92%
Jubilant Ingrevia Ltd Ordinary Shares's allocation increased from 0.4% to 0.91%
Jubilant Ingrevia Ltd Ordinary Shares's allocation increased from 0.4% to 0.91%
Top Stocks sold last month
Reliance Industries Ltd's allocation decreased from 3.5 % to 3.32 %
Reliance Industries Ltd's allocation decreased from 3.5 % to 3.32 %
Bajaj Finance Ltd's allocation decreased from 3.25 % to 3.23 %
Bajaj Finance Ltd's allocation decreased from 3.25 % to 3.23 %
Tata Consultancy Services Ltd's allocation decreased from 2.51 % to 2.35 %
Tata Consultancy Services Ltd's allocation decreased from 2.51 % to 2.35 %

Mahindra Manulife ELSS Tax Saver Fund Overview

Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.

Expense ratio0.64%
Benchmark
Nifty 500 TR INR
AUM₹867 Cr
Inception Date18 October, 2016
Min Lumpsum/SIP₹500/₹500
Exit Load0%
Lock In3 Years
TurnOver
77.79%
Risk
Risk meter
pointer
Very High Risk

About Mahindra Manulife ELSS Tax Saver Fund

Mahindra Manulife ELSS Tax Saver Fund is an equity fund. This fund was started on 18 October, 2016. The fund is managed by Neelesh Dhamnaskar, Fatema Pacha. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Mahindra Manulife ELSS Tax Saver Fund has ₹867 Cr worth of assets under management (AUM) as on Jun 2026 and is more than category average.
  2. The fund has an expense ratio 0.6.

Returns

Mahindra Manulife ELSS Tax Saver Fund has given a CAGR return of 12.58% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of -5.15%, 10.78% and 11.75% respectively.

Holdings

Mahindra Manulife ELSS Tax Saver Fund has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Tech, Consumer Defensive, Health, Industrial, Communication, Energy, Basic Materials, Utilities, Real Estate, Corporate. Its top holdings are ICICI Bank Ltd, HDFC Bank Ltd, Bharti Airtel Ltd, Infosys Ltd, Reliance Industries 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 benefit
Dividends 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

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 of 3 Years

Fund Manager

Neelesh Dhamnaskar

Fund Manager of Mahindra Manulife ELSS Tax Saver Fund, since 16 February 2026

Fatema Pacha

Fund Manager of Mahindra Manulife ELSS Tax Saver Fund, since 16 October 2020

Learn more about Mahindra Mutual Fund
Parameters
May'26
Apr'26
Mar'26
AUM
₹ 866.8 Cr
₹ 888.5 Cr
₹ 827.8 Cr
  • AUM of the fund stands at 866.8 Cr as of May'26
  • AUM decreased by 21.8 Cr between May'26 and Apr'26

Compare Mahindra Manulife ELSS Tax Saver Fund

Mahindra Manulife ELSS Tax Saver Fund

VS

SBI ELSS Tax Saver Fund

Frequently Asked Questions for Mahindra Manulife ELSS Tax Saver Fund

How do I invest in Mahindra Manulife ELSS Tax Saver Fund?

INDmoney makes it simple to invest in the Mahindra Manulife ELSS Tax Saver Fund. To do so, follow the steps below:
  • 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.

What is the current NAV of Mahindra Manulife ELSS Tax Saver Fund?

The NAV of the fund today is ₹31.46. NAV or Net Asset Value is the per unit price of a mutual fund. For example, if the NAV of a fund is ₹10, it means you can get 1000 units of that mutual fund at ₹10,000.

What is the return on the fund?

Mahindra Manulife ELSS Tax Saver Fund fund has generated a return of -5.15% in 1 year, 10.78% in 3 years, 11.75% in 5 years.

Who is the fund manager of Mahindra Manulife ELSS Tax Saver Fund?

The fund managers are Neelesh Dhamnaskar, Fatema Pacha.

What is the expense ratio of the fund?

The expense ratio is 0.64%. The Expense Ratio is a fee charged for managing the fund. This includes commissions, administrative costs etc.

What is the AUM of the fund?

The AUM of the fund is ₹867 Cr. AUM stands for Assets Under Management. It refers to the total assets managed by the fund.

What are the top holdings of Mahindra Manulife ELSS Tax Saver Fund?

The top 3 holdings of the fund are ICICI Bank Ltd(8.83%), HDFC Bank Ltd(7.28%), Bharti Airtel Ltd(4.01%)