Mahindra Manulife ELSS Tax Saver Fund Direct Growth

Mahindra Manulife ELSS Tax Saver Fund Direct Growth

Equity

Direct

Elss (Tax Savings)

NAV as on 06-12-2024

₹ 32.83

Inception Returns

15.7%

/yr

About Mahindra Manulife ELSS Tax Saver Fund Direct Growth

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

  1. Mahindra Manulife ELSS Tax Saver Fund Direct Growth has ₹931 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
  2. The fund has an expense ratio 0.6.

Returns

Mahindra Manulife ELSS Tax Saver Fund Direct Growth has given a CAGR return of 15.70% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 23.15%, 18.11% and 21.36% respectively.

Holdings

Mahindra Manulife ELSS Tax Saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Industrial, Basic Materials, Tech, Energy, Consumer Defensive, Health, Communication, Utilities. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Reliance Industries Ltd, Infosys Ltd, Larsen & Toubro 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 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

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

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
342 people have invested ₹ 20.8L in Mahindra Manulife ELSS Tax Saver Fund Direct Growth in the last three months

INDmoney Rank for Mahindra Manulife ELSS Tax Saver Fund Direct Growth

Powered by IND quant engine
IND ranking is not available for this fund.
img
Beats FD returns for both 3Y & 5Y duration
img
No bad points found for this fund.

Mahindra Manulife ELSS Tax Saver Fund Direct Growth Overview

Expense ratio0.61%
Benchmark
S&P BSE 200 India TR INR
AUM₹931 Cr
Inception Date18 October, 2016
Min Lumpsum/SIP₹500/₹500
Exit Load0%
Lock In3 Years
TurnOver
83.55%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (06-Dec-24)

Period
Mahindra Manulife ELSS Tax Saver Fund Direct Growth
Nifty 500
elss (tax savings)
1M
1.2%
2.9%
1.5%
3M
-1.2%
-0.7%
0.4%
6M
7.7%
7.1%
11.4%
1Y
23.2%
24.6%
28.5%
3Y
18.1%
15.6%
19.1%
5Y
21.4%
19.2%
20.8%

Fund Distribution

as on (31-Oct-24)

  • Equity 95.7%

  • Debt & Cash 4.3%

Large cap
64.3%

Small cap
17.5%

Mid cap
13.8%

Sector Allocation

Oct'24

Sep'24

Aug'24

Financial Services
33.3%
Industrial
13.7%
Consumer Cyclical
12.1%
Tech
9.1%
Basic Materials
9%
Energy
6.8%
Consumer Defensive
6.1%
Health
3.8%
Utilities
3.3%
Communication
2.7%
All changes are between Aug'24 and Oct'24
Oct'24
Sep'24
Aug'24
Fund Returns
-5.96%
1.12%
0.28%
Nifty 500
-6.52%
2.04%
0.97%
  • This fund’s returns stands at -5.96% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
  • This fund outperformed Nifty 500 by 0.56% in Oct'24
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 925.3 Cr
₹ 982.7 Cr
₹ 972.7 Cr
  • AUM of the fund stands at 925.3 Cr as of Oct'24
  • AUM decreased by 57.4 Cr between Oct'24 and Sep'24
Top Stocks bought last month
ICICI Bank Ltd's allocation increased from 7.59% to 8.7%
ICICI Bank Ltd's allocation increased from 7.59% to 8.7%
HDFC Bank Ltd's allocation increased from 9.2% to 9.79%
HDFC Bank Ltd's allocation increased from 9.2% to 9.79%
Axis Bank Ltd's allocation increased from 2.57% to 3.07%
Axis Bank Ltd's allocation increased from 2.57% to 3.07%
Top Stocks sold last month
Infosys Ltd's allocation decreased from 6.03 % to 4.94 %
Infosys Ltd's allocation decreased from 6.03 % to 4.94 %
Reliance Industries Ltd's allocation decreased from 4.99 % to 4.78 %
Reliance Industries Ltd's allocation decreased from 4.99 % to 4.78 %
Hindustan Unilever Ltd's allocation decreased from 2.89 % to 2.62 %
Hindustan Unilever Ltd's allocation decreased from 2.89 % to 2.62 %
Small Cap allocation has gone up from 18.6% to 19.5%
Small Cap allocation has gone up from 18.6% to 19.5%
Mid Cap allocation has gone down from 16.3% to 12.9%
Mid Cap allocation has gone down from 16.3% to 12.9%
Large Cap allocation has gone up from 62.2% to 63.9%
Large Cap allocation has gone up from 62.2% to 63.9%
Cash allocation has gone up from 3% to 3.8%
Cash allocation has gone up from 3% to 3.8%

Top 3 Sectors in October were Financial Services, Industrial & Consumer Cyclical

Oct'24
Financial Services
33%
Industrial
14%
Consumer Cyclical
12%
Sep'24
Financial Services
29%
Industrial
15%
Consumer Cyclical
13%
Fund
Oct'24
Sep'24
Aug'24
No of Holdings
58
55
54
Top 5 Company Concentration
32.2%
31.6%
30.5%
Company having highest exposure
HDFC Bank Ltd (9.8%)
HDFC Bank Ltd (9.2%)
HDFC Bank Ltd (8.8%)
No of Sectors
10
10
10
Top 5 Sectors Concentration
77.3%
76.9%
73.9%
Sector having highest exposure
Financial Services (33.3%)
Financial Services (29.1%)
Financial Services (27.6%)
Loading...
We are taking more time than usual
Manish Lodha
Manish Lodha
Fund Manager of Mahindra Manulife ELSS Tax Saver Fund Direct Growth, since 21 December 2020
Fatema Pacha
Fatema Pacha
Fund Manager of Mahindra Manulife ELSS Tax Saver Fund Direct Growth, since 16 October 2020
Fund House
Mahindra Manulife Investment Management Pvt. Ltd.
Total AUM
₹30.15K Cr
as on 31-Oct-2024
Address
1st Floor, Sadhana House, Behind Mahindra Tower,570 P. B. Marg, Worli, Mumbai 400018
Phone
022-66327900
Website
mfinvestors@mahindra.com

Mutual Fund Insights

Insights icon
Over the last 3 months, this fund has experienced a 4.3% drop in AUM moving from 972.71 Cr to 931.16 Cr.
Insights icon
In the last 1 year, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 56.76% return, outperforming this fund by 33.6%.
Insights icon
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 33.87% return, outperforming this fund by 12.51% per annum.
Insights icon
In the last 3 years, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 30.45% return, outperforming this fund by 12.34% per annum.
Insights icon
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%.

Mahindra Manulife ELSS Tax Saver Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 15.7% since inception which is less than its category average return of 16.17%
Fund Allocations

Fund Allocations

This fund has an allocation of 95.7% in Equity, 0% in Debt and 4.3% in Cash related instruments
AUM size ₹931 Cr

AUM size ₹931 Cr

This fund has AUM of ₹931 Cr which is less than its category average of ₹ 3989 Cr
Expense Ratio 0.61%

Expense Ratio 0.61%

This fund has an expense ratio of 0.61% which is less than its category average expense ratio of 1.47%

Frequently Asked Questions for Mahindra Manulife ELSS Tax Saver Fund Direct Growth

The current NAV of Mahindra Manulife ELSS Tax Saver Fund Direct Growth is ₹32.83 as on 06-Dec-2024.
Existing (Absolute + CAGR) as on 06-Dec-2024.
Mahindra Manulife ELSS Tax Saver Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
1.25%
1.25%
6 Month Returns
7.73%
7.73%
1 Year Returns
23.15%
23.15%
3 Years Returns
64.78%
18.11%
5 Years Returns
163.29%
21.36%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.61% as on November 2024
₹931 Cr as on November 2024
HDFC Bank Ltd(9.16%), ICICI Bank Ltd(8.69%), Reliance Industries Ltd(4.61%), Infosys Ltd(4.19%), Larsen & Toubro Ltd(4.11%) as on November 2024
Financial Services(30.64%), Consumer Cyclical(13.76%), Industrial(12.15%) as on November 2024
The alpha ratio for the Mahindra Manulife ELSS Tax Saver Fund Direct 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 Growth
-1.65
0.63
1.62
As on November 2024
The alpha for Mahindra Manulife ELSS Tax Saver Fund Direct 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 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 Growth
0.93
0.93
0.93
As on November 2024
The Beta for Mahindra Manulife ELSS Tax Saver Fund Direct 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 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 Growth
1.28
0.81
0.84
As on November 2024
The sharpe ratio for Mahindra Manulife ELSS Tax Saver Fund Direct 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 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 Growth
12.12
12.92
18.12
As on November 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 1.45 as on November 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Manish Lodha, Fatema Pacha are the fund managers of Mahindra Manulife ELSS Tax Saver Fund Direct Growth
The Exit load of Mahindra Manulife ELSS Tax Saver Fund Direct Growth is 0%