Mahindra Manulife ELSS Tax Saver Fund Direct Growth

Equity
ELSS
Very High Risk
3Y Lock In
20.31%
3Y annualised
+0.12% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 20 Feb 2024₹28.36
Min. SIP amount₹500
Rating3
Fund size₹781.44Cr

Return calculator

Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of 0
Would have become (%)

Returns and rankings

Category: Equity ELSS
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns31.0%20.3%20.1%15.2%
Category average36.1%18.6%18.9%NA
Rank with in category271314NA
Understand terms

Holdings (58)

NameSectorInstrumentAssets
FinancialEquity8.63%
FinancialEquity7.26%
EnergyEquity5.41%
TechnologyEquity5.18%
TechnologyEquity2.96%
FinancialEquity2.44%
AutomobileEquity2.36%
FinancialEquity2.30%
Consumer StaplesEquity2.09%
Consumer StaplesEquity2.07%
See All

Pros and cons

Category: Equity ELSS

Pros

Cons

3Y and 5Y annualised returns higher than category average
1Y annualised returns lower than category average by 5.1%
Higher alpha: 2.99 The fund has generated returns higher than benchmark - NIFTY 500 Total Return Index - in the last 3Y
Lock-in period: 3Y
Exit load is zero
Lower expense ratio: 0.63%

Expense ratio, exit load and tax

Expense ratio: 0.63%

Inclusive of GST

Exit load

Nil

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investment₹500
Min. for 2nd investment onwards₹500
Min. for SIP₹500

Fund management

Manish Lodha
Dec 2020 - Present
View details

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.).
Also manages these schemes

Fund house & investment objective

Fund house contact details

Address
1st Floor, Sadhana House, Behind Mahindra Tower, 570 P. B. Marg, Worli, Mumbai 400018
Phone
022-66327900
Launch Date
04 Feb 2016
Mahindra Mutual Fund
Asset Management Company
Custodian
Deutsche Bank
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,

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