April 25, 2023
mayank
Mahindra Manulife ELSS Fund
NAV Growth: Rs 21.5304
NAV IDCW: Rs 16.0769
Suitable For Which Investors?
When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. In addition, there is a tax benefit. Under Section 80C of the Indian income tax laws, investments of up to Rs 1.5 lakh in a financial year in eligible securities such as this fund are exempt from tax.
But be prepared for ups and downs in your investment value along the way. Also note that you cannot withdraw your money from this fund before completing three years from the date of investment.
Like for all equity funds, you must invest only through the SIP route.
Fund’s Investment Strategy:
The Scheme seeks to generate long-term capital appreciation through a diversified portfolio of equity and equity related securities.
Fund Manager:
1) Fatema Pacha
Education: Ms. Pacha has done PGDBM (Finance) and BE (Computers)
Experience: Prior to joining MMIMPL, she was associated with ICICI Prudential Life Insurance and UTI Mutual Fund.
2) Manish Lodha
Education: Mr. Lodha is a Chartered Accountant and Company Secretary
Experience: Prior to joining MMIMPL, he was associated with Canara HSBC OBC Life Insurance Co Ltd, Kotak Mahindra Mutual Fund. In these roles, he was responsible for Portfolio Management, Equity Research. He has also held various positions in Finance function during his association with BOC India Ltd (Now Linde India Ltd.).
Investment Details
| Min. Investment (Rs) | 500 |
| Min. Addl Investment (Rs) | 500 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | 1 |
| Lock-in Period | 3 Years |
| Exit Load | 0 |
Basic Details
| Fund House | Mahindra Manulife Mutual Fund |
| Launch Date | 18-Oct-16 |
| Return Since Launch | 12.49% |
| Benchmark | NIFTY 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 543 Cr |
| (As on 31-Mar-2023) | |
| Expense | 0.72% |
| (As on 31-Mar-2023) | |
| Risk Grade | Average |
| Return Grade | Average |
| Turnover | 66.00% |
Mahindra Manulife ELSS Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Mahindra Mnulife ELSS Dir | -0.66 | 0.44 | 4.22 | -0.30 | 1.36 | 4.28 | 29.02 | 11.75 | — | — |
| S&P BSE 500 TRI | -3.24 | 0.57 | 4.58 | -2.86 | -1.56 | 1.52 | 27.46 | 11.19 | — | — |
| Equity: ELSS | -1.73 | 0.55 | 4.01 | -1.26 | -0.03 | 3.66 | 26.59 | 10.91 | — | — |
| Rank within category | 8 | 30 | 12 | 10 | 10 | 15 | 8 | 11 | — | — |
| Number of funds in category | 36 | 38 | 38 | 37 | 35 | 34 | 34 | 31 | 29 | 25 |
Mahindra Manulife ELSS Fund Peer Comparison
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| Mahindra Mnulife ELSS Dir | 4 star | 4.28 | 29.02 | 11.75 | 0.72 | 543 | 12.49 | — | 6yrs 6mo | 66.00 |
| Mirae Asset Tax Saver Dir | 5 star | 1.86 | 29.34 | 14.98 | 0.65 | 14,043 | 18.24 | — | 7yrs 4mo | 84.00 |
| DSP Tax Saver Dir | 4 star | 2.98 | 28.10 | 12.95 | 0.80 | 10,179 | 16.00 | — | 10yrs 3mo | 35.00 |
| Canara Robeco Eqt Tax Saver Dir | 5 star | 4.40 | 26.69 | 14.80 | 0.69 | 4,924 | 14.81 | — | 10yrs 3mo | 24.00 |
| Bandhan Tax Advtg (ELSS) Dir | 4 star | 2.88 | 36.02 | 12.22 | 0.75 | 4,169 | 16.94 | — | 10yrs 3mo | 13.00 |
Portfolio Analysis
| No. of Stocks | 46 |
| Top 10 Stocks | 49.88% |
| Top 5 Stocks | 35.02% |
| Top 3 Sectors | 50.47% |
| Portfolio P/B Ratio | 3.36 |
| Portfolio P/E Ratio | 23.10 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,60,577 | 1,57,906 |
| Giant (%) | 60.92 | 57.80 |
| Large (%) | 11.89 | 16.56 |
| Mid (%) | 19.08 | 21.56 |
| Small (%) | 8.11 | 6.80 |
| Tiny (%) | — | 0.31 |
Chanakya’s Mutual Fund Guidance For Mahindra Manulife ELSS Fund
Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years.
Apply Online: https://www.mahindramanulife.com/
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