Mahindra Manulife ELSS Tax Saver Fund Direct Plan Growth
Get the latest NAV of Mahindra Manulife ELSS Tax Saver Fund Direct Plan 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.
₹31.65
1D
NAV as on 25 Sep 2026
12.24%/per year
Since Inception
▲▼
170 people have invested ₹ 5.3L 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 (25-Sep-26)
The fund has outperformed the benchmark (Nifty 500) over 5Y, but underperformed over 1Y, 3Y.
Peer comparison
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-Sep-26)
Fund Distribution
as on (14-Sep-26)
Mahindra Manulife ELSS Tax Saver Fund Sector Allocation
See fund sector allocation details as on (14-Sep-26)
Sector Allocation
Top 3 Sectors in August were Financial Services, Consumer Cyclical & Industrial
Financial Services
33%
Consumer Cyclical
17%
Industrial
10%
Financial Services
33%
Consumer Cyclical
17%
Industrial
10%
Mahindra Manulife ELSS Tax Saver Fund Holdings Details
as on (31-Aug-26)
Mahindra Manulife ELSS Tax Saver Fund Overview
Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.
| Expense ratio | 1.1% |
Benchmark | Nifty 500 TR INR |
| AUM | ₹895 Cr |
| Inception Date | 18 October, 2016 |
| Min Lumpsum/SIP | ₹500/₹500 |
| Exit Load | 0% |
| Lock In | 3 Years |
TurnOver | 61.39% |
| Risk |   Very High Risk |
About Mahindra Manulife ELSS Tax Saver Fund
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, Neelesh Dhamnaskar. The fund could potentially beat inflation in the long-run.
Key Parameters
- Mahindra Manulife ELSS Tax Saver Fund has ₹895 Cr worth of assets under management (AUM) as on Sep 2026 and is more than category average.
- The fund has an expense ratio 1.1.
Returns
Mahindra Manulife ELSS Tax Saver Fund has given a CAGR return of 12.24% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of -6.41%, 7.74% and 8.64% respectively.
Holdings
Mahindra Manulife ELSS Tax Saver Fund has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Industrial, Health, Communication, Tech, Consumer Defensive, Energy, Basic Materials, Utilities, Real Estate, Corporate. Its top holdings are ICICI Bank Ltd, HDFC Bank Ltd, Bharti Airtel Ltd, Bajaj Finance 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 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
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
Fatema Pacha
Fund Manager of Mahindra Manulife ELSS Tax Saver Fund, since 16 October 2020
Neelesh Dhamnaskar
Fund Manager of Mahindra Manulife ELSS Tax Saver Fund, since 16 February 2026
- AUM of the fund stands at 904.5 Cr as of Aug'26
- AUM has remained same between Aug'26 and Jul'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 Direct Plan 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.