June 23, 2025
RA Jainee
Mahindra Manulife ELSS Tax Saver Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 33.2966
NAV IDCW: Rs 22.5319
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 Mahindra Manulife Mutual Fund, 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 Mahindra Manulife Mutual Fund, 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 of Mahindra Manulife ELSS Tax Saver Fund
| Fund House | Mahindra Manulife Mutual Fund |
| Launch Date | 18-Oct-16 |
| Return Since Launch | 14.87% |
| Benchmark | NIFTY 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 950 Cr |
| (As on 31-May-2025) | |
| Expense | 0.59% |
| (As on 31-May-2025) | |
| Risk Grade | Average |
| Return Grade | Average |
| Turnover | 73.00% |
Trailing Returns (%) of Mahindra Manulife ELSS Tax Saver Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Mahindra Manulife ELSS Tax Saver Dir | 5.33 | 1.16 | 2.07 | 9.30 | 5.51 | 5.51 | 22.55 | 24.94 | 15.70 | — |
| BSE 500 TRI | 3.26 | 1.21 | 2.05 | 9.34 | 3.58 | 3.69 | 22.00 | 23.58 | 15.11 | — |
| Equity: ELSS | 1.27 | 1.12 | 2.23 | 9.19 | 1.60 | 4.45 | 24.01 | 24.45 | 15.82 | — |
| Rank within category | 6 | 18 | 23 | 18 | 6 | 22 | 23 | 13 | 16 | — |
| Number of funds in category | 39 | 40 | 40 | 40 | 39 | 39 | 33 | 33 | 30 | 26 |
Peer Comparison of Mahindra Manulife ELSS Tax Saver Fund
| 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 Manulife ELSS Tax Saver Dir | 3 star | 5.51 | 22.55 | 24.94 | 0.59 | 950 | 14.87 | — | 8Y 8M | 73.00 |
| SBI Long Term Equity Dir | 5 star | 4.04 | 31.34 | 28.95 | 0.93 | 29,667 | 16.76 | — | 12Y 5M | 19.00 |
| DSP ELSS Tax Saver Dir | 4 star | 8.02 | 26.67 | 26.73 | 0.74 | 16,974 | 18.15 | — | 12Y 5M | 31.00 |
| HDFC ELSS Tax Saver Dir | 5 star | 8.96 | 28.60 | 27.97 | 1.05 | 16,454 | 15.68 | — | 12Y 5M | 23.53 |
| Quant ELSS Tax Saver Dir | 4 star | -9.22 | 24.05 | 33.80 | 0.52 | 11,329 | 20.52 | — | 12Y 5M | 162.00 |
Portfolio Analysis of Mahindra Manulife ELSS Tax Saver Fund
| No. of Stocks | 56 |
| Top 10 Stocks | 47.07% |
| Top 5 Stocks | 31.31% |
| Top 3 Sectors | 48.86% |
| Portfolio P/B Ratio | 4.08 |
| Portfolio P/E Ratio | 27.67 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 2,59,420 | 1,97,148 |
| Giant (%) | 60.39 | 53.09 |
| Large (%) | 16.61 | 18.93 |
| Mid (%) | 19.32 | 21.56 |
| Small (%) | 3.68 | 6.84 |
| Tiny (%) | — | 0.60 |
Chanakya’s Mutual Fund Guidance For Mahindra Manulife ELSS Tax Saver Fund
WILL Post Soon
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
Apply Online: https://www.mahindramanulife.com/
>> Post your MF questions @ sahifund.com/ask-me/
>> NFO Guidance:
https://sahifund.com/category/nfos/
Quicklinks