Mahindra Manulife ELSS Tax Saver Fund Regular -Growth

Q: What are the returns of Mahindra Manulife ELSS Tax Saver Fund?

The Mahindra Manulife ELSS Tax Saver Fund is a 9 yrs old fund and has delivered average annual returns of 12.42% since inception. Mahindra Manulife ELSS Tax Saver Fund Returns 1-Year 3-Year 5-Year Since Inception -2.2% 13.98% 20.49% 12.42%

Previously called: Mahindra Manulife ELSS Reg-G

NAV as of Sep 03, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹28.3982+0.43% 1 day change	12.42% p.a.	App exclusive #NA View Ranked Funds	₹950 Cr

Historical NAV & returns

NAV: ₹28.3982 as on Sep 03, 2025

This fund Category average

Mahindra Manulife ELSS Tax Saver Fund overview

Expense ratio	2.16% as on Aug 31, 2025
Plan type	Regular
Exit load	0%
AUM (Fund size)	₹950 Cr
Lock-in Period	3 Years
Age	9 yrs since Aug 22, 2016
Benchmark	NIFTY 500 TRI
Min. investment	SIP: ₹500 & Lumpsum: ₹1000
Risk	Very High
Short term capital gains (STCG)	Returns taxed at 20% if you redeem before 1 year
Long term capital gains (LTCG)	After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%

Mahindra Manulife ELSS Tax Saver Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Sep 04, 2025

Period	This fund	Category average
1 Month	0.34%	0.22%
3 Months	1.31%	0.85%
6 Months	14.61%	14.68%
1 Year	-2.2%	-2.75%
2 Years	13.11%	16.44%
3 Years	13.98%	16.39%
4 Years	11.27%	12.83%
5 Years	20.49%	20.92%
7 Years	13.27%	14.15%

Asset allocationas on May 31, 2025

Large Cap 74.69%

Mid Cap 10.7%

Small Cap 12.49%

Other Cap 0%

Top holdings

HDFC Bank Ltd.9.45%

ICICI Bank Ltd.8.94%

Reliance Industries Ltd.4.95%

Infosys Ltd.4.53%

Top sectors

Financial 31.509999999999998%

Technology 8.51%

Energy 7.04%

Consumer Staples 7.01%

Credit quality

Bifurcation by Credit Quality is not available for this fund

Top Debt Holdings

Bifurcation by Holding is not available for this fund

Allocation by Instruments

Bifurcation by Instrument is not available for this fund

Other Holdings

Others 1.84%

Detailed portfolio analysis

Peer comparison

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Mahindra Manulife ELSS Tax Saver Fund	N.A.	950 Cr	9 yrs	2.16%
Parag Parikh ELSS Tax Saver Fund	N.A.	5,294 Cr	6 yrs 2 m	1.72%
HDFC ELSS Tax Saver Fund	N.A.	16,454 Cr	29 yrs 8 m	1.7%
SBI Long Term Equity Fund	N.A.	28,506 Cr	18 yrs 4 m	1.58%
DSP ELSS Tax Saver Fund	N.A.	16,974 Cr	18 yrs 9 m	1.63%
Kotak ELSS Tax Saver Fund	N.A.	6,266 Cr	19 yrs 11 m	1.76%

Fund name	1M	6M	1Y	3Y	5Y	10Y
Mahindra Manulife ELSS Tax Saver Fund	0.34%	14.61%	-2.2%	13.98%	20.49%	N.A.
Parag Parikh ELSS Tax Saver Fund	0.63%	11.75%	2.97%	18.24%	21.92%	12.22%
HDFC ELSS Tax Saver Fund	1.33%	15.56%	2.37%	21.4%	24.87%	14.61%
SBI Long Term Equity Fund	0.15%	11.75%	-3.13%	23.35%	25.04%	14.88%
DSP ELSS Tax Saver Fund	-0.62%	11.99%	-3.86%	18.57%	22.99%	16.04%
Kotak ELSS Tax Saver Fund	-0.16%	15.37%	-3.87%	15.5%	21.13%	14.48%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Mahindra Manulife ELSS Tax Saver Fund	12.19	0.89	0.58	0.91
Parag Parikh ELSS Tax Saver Fund	9.79	0.67	1.08	1.74
HDFC ELSS Tax Saver Fund	11.49	0.84	1.18	2.04
SBI Long Term Equity Fund	13.47	0.96	1.12	1.91
DSP ELSS Tax Saver Fund	13.34	0.96	0.84	1.73
Kotak ELSS Tax Saver Fund	12.9	0.92	0.65	0.9

View all Elss funds

Key risk & return ratios Compared to other funds in the category

Alpha	-0.12 vs. 5.39 Underperformed at beating benchmark
Sharpe	0.58 vs. 6.08 Poor risk-adjusted returns
Beta	0.89 vs. 0.91 Less sensitive to market ups & downs
Standard deviation	12.19 vs. 12.2 More stable returns

Compare Mahindra Manulife ELSS Tax Saver Fund in detail with

About this fund

About Mahindra Manulife ELSS Tax Saver Fund

Mahindra Manulife ELSS Tax Saver Fund Regular -Growth is a ELSS mutual fund scheme from Mahindra Manulife Mutual Fund. This fund has been in existence for 9 yrs, having been launched on 22/08/2016. Mahindra Manulife ELSS Tax Saver Fund Regular -Growth has ₹950 Crores worth of assets under management (AUM) as on 31/05/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Mahindra Manulife ELSS Tax Saver Fund Regular -Growth as of 03/09/2025 is ₹28.40. The fund has an expense ratio of 2.16%, which is higher than what most other Elss funds charge.

Mahindra Manulife ELSS Tax Saver Fund Regular -Growth returns of last 1-year are -2.35%. Since launch, it has delivered 12.47% average annual returns. The fund has doubled the money invested in it every 5 yrs.
Mahindra Manulife ELSS Tax Saver Fund Regular -Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is average.
The fund has the majority of its money invested in Financial, Technology, Energy, Consumer Staples, Services sectors. It has taken less exposure in Financial, Technology sectors compared to other funds in the category.
The fund's top 5 holdings are in HDFC Bank Ltd., ICICI Bank Ltd., Reliance Industries Ltd., Infosys Ltd., Larsen & Toubro Ltd..

...

Fund AUM	950 Cr as on May 31, 2025
Scheme document	View Scheme Document

Fund managers

Fatema Pacha

Ms. Pacha has done PGDBM (Finance) and BE (Computers) Prior to joining Mahindra Manulife Mutual Fund, she was associated with ICICI Prudential Life Insurance and UTI Mutual Fund.

Manish Lodha

Mr. Lodha is a Chartered Accountant and Company Secretary 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 objective

The Scheme seeks to generate long-term capital appreciation through a diversified portfolio of equity and equity related securities.

Mahindra Manulife Mutual Fund details

No. of schemes	25 view all schemes
Total AUM	29,590 Cr as on Jun 30, 2025
Address	1st Floor - Sadhana House, 570 - P.B. Marg, Worli, Mumbai, 400018
Phone	022-66327900

More funds from Mahindra Manulife Mutual Fund

Fund name	ETM Rank	AUM	1Y	5Y
Mahindra Manulife Mid Cap Fund	N.A.	3,776 Cr	-5.73%	26.95%
Mahindra Manulife Multi Cap Fund	N.A.	5,408 Cr	-4.58%	24.92%
Mahindra Manulife Large & Mid Cap Fund	N.A.	2,629 Cr	-6.16%	21.88%
Mahindra Manulife Focused Fund	N.A.	2,112 Cr	-6.16%	N.A.
Mahindra Manulife Consumption Fund	N.A.	495 Cr	-4.18%	19.69%

See all Equity funds from this AMC

Frequently asked questions

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

The current Net Asset Value (NAV) of the Mahindra Manulife ELSS Tax Saver Fund - Direct Growth plan is approximately ₹28.3982 as of Sep 03, 2025.

What are the returns of this mutual fund scheme?

The Mahindra Manulife ELSS Tax Saver Fund is a 9 yrs old fund and has delivered average annual returns of 12.42% since inception.

Mahindra Manulife ELSS Tax Saver Fund Returns

1-Year	3-Year	5-Year	Since Inception
-2.2%	13.98%	20.49%	12.42%

How much does this mutual fund charge as expense ratio?

The Mahindra Manulife ELSS Tax Saver Fund - Direct Growth has an expense ratio of 2.16%, which reflects the fund's management and operating costs. This percentage is subtracted from the fund's annual returns, impacting net returns for investors.

What is the AUM or fund size of this mutual fund?

The Mahindra Manulife ELSS Tax Saver Fund currently has assets under management (AUM) or fund size valued at approximately 950 Cr as on May 31, 2025.

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

The Mahindra Manulife ELSS Tax Saver Fund has invested the majority of its money in the stocks of the following companies -

Company	Percentage of Portfolio
HDFC Bank Ltd.	9.45%
ICICI Bank Ltd.	8.94%
Reliance Industries Ltd.	4.95%
Infosys Ltd.	4.53%
Larsen & Toubro Ltd.	3.92%
State Bank of India	3.12%
Hindustan Unilever Ltd.	3.07%
Tata Consultancy Services Ltd.	2.98%
Axis Bank Ltd.	2.92%
Bajaj Finance Ltd.	2.68%

What are the top sectors Mahindra Manulife ELSS Tax Saver Fund has invested in?

The Mahindra Manulife ELSS Tax Saver Fund has primarily invested in the following sectors

Sector	Percentage of Portfolio
Financial	31.509999999999998%
Technology	8.51%
Energy	7.04%
Consumer Staples	7.01%
Services	6.01%
Consumer Discretionary	5.159999999999999%
Healthcare	4.88%
Capital Goods	4.799999999999999%
Materials	4.71%
Construction	3.92%

What is risk level of Mahindra Manulife ELSS Tax Saver Fund?

This is a Elss fund comes with Very High risk.

Is there any lock-in period in this mutual fund?

Yes, this fund comes with a mandatory lock-in period of 3 years.

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

Mahindra Manulife ELSS Tax Saver Fund Regular -Growth is the regular plan of the fund. For this plan of you pay 2.16% as annual charges. On the other hand if you go for the direct plan available on ET Money, you pay 0.62%. That's 1.54% less.

Regular plans charge more because when you buy them, the fund pays commission to the agent. This is an additional expense for the fund and to cover this expense, the fund takes a bigger share from the returns generated by your investments.

So, the lower annual cost of the direct plan means you will earn 1.54% if you opt for direct plan of Mahindra Manulife ELSS Tax Saver Fund

How can I redeem my investments in Mahindra Manulife ELSS Tax Saver Fund?

Redeeming your investments in Mahindra Manulife ELSS Tax Saver Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.

If you have invested in Mahindra Manulife ELSS Tax Saver Fund from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

App exclusive

in ELSS

#NA

Exit Load: This fund has no exit load.
Return Consistency: This fund ranks lower in terms of generating consistent return in it's category.
Return/Risk: The fund is performing poorly than its category.