Mahindra Manulife ELSS Tax Saver Fund Direct Growth

Mahindra Manulife ELSS Tax Saver Fund Direct Growth

+10.37%
3Y annualised
-0.38% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 10 Jun '26
₹31.02
Min. for SIP
₹500
Fund size (AUM)
₹866.77 Cr
Expense ratio
0.77%
Rating
3

Return calculator

Monthly investment
₹5,000
Over the pastTotal investmentWould've becomeHistoric returnsReturns
6 months₹30,000₹29,020
-3.27%
1 year₹60,000₹57,448
-4.25%
3 years₹1,80,000₹1,89,585
+5.33%
5 years₹3,00,000₹3,74,313
+24.77%

Holdings (63)

NameSectorInstrumentsAssets
ICICI Bank LtdFinancialEquity8.66%
HDFC Bank LtdFinancialEquity6.84%
Bharti Airtel LtdTechnologyEquity3.61%
Reliance Industries LtdEnergy & UtilitiesEquity3.50%
Infosys LtdTechnologyEquity3.37%
Bajaj Finance LtdFinancialEquity3.25%
Larsen & Toubro LtdIndustrialsEquity2.94%
RepoUnspecifiedRepo2.90%
Tata Consultancy Services LtdTechnologyEquity2.51%
Hindustan Unilever LtdConsumer StaplesEquity2.36%
Avenue Supermarts LtdConsumer StaplesEquity2.32%
Axis Bank LtdFinancialEquity2.16%
Tata Power Company LtdEnergy & UtilitiesEquity1.96%
State Bank of IndiaFinancialEquity1.92%
TVS Motor Company LtdConsumer DiscretionaryEquity1.84%
UNO Minda LtdConsumer DiscretionaryEquity1.83%
Indusind Bank LtdFinancialEquity1.79%
Tata Steel LtdMaterialsEquity1.78%
Titan Company LtdConsumer DiscretionaryEquity1.69%
Oil & Natural Gas Corporation LtdEnergy & UtilitiesEquity1.69%
Maruti Suzuki India LtdConsumer DiscretionaryEquity1.62%
NTPC LtdEnergy & UtilitiesEquity1.62%
Zomato LtdTechnologyEquity1.60%
Sun Pharmaceutical Industries LtdHealthcareEquity1.59%
Tech Mahindra LtdTechnologyEquity1.54%
Britannia Industries LtdConsumer StaplesEquity1.39%
Indus Towers LtdTechnologyEquity1.38%
Dr. Reddy's Laboratories LtdHealthcareEquity1.37%
TATA CAPITAL LIMITED EQFinancialEquity1.35%
Trent LtdConsumer DiscretionaryEquity1.35%
Kotak Mahindra Bank LtdFinancialEquity1.29%
Mankind Pharma Ltd.HealthcareEquity1.18%
Info Edge (India) LtdTechnologyEquity1.15%
Neuland Laboratories LtdHealthcareEquity1.13%
Crompton Greaves Consumer Electricals LtdConsumer DiscretionaryEquity1.11%
Voltas LtdIndustrialsEquity1.11%
Godrej Properties LtdReal EstateEquity1.10%
Dixon Technologies (India) LtdConsumer DiscretionaryEquity1.03%
LG Electronics India Ltd.Consumer DiscretionaryEquity1.03%
LTIMindtree LtdTechnologyEquity1.00%
Nestle India LtdConsumer StaplesEquity0.97%
Eicher Motors LtdConsumer DiscretionaryEquity0.96%
Bandhan Bank LtdFinancialEquity0.95%
Glaxosmithkline Pharmaceuticals LtdHealthcareEquity0.91%
DOMS Industries Ltd.IndustrialsEquity0.91%
Jubilant FoodWorks LtdConsumer DiscretionaryEquity0.89%
Aarti Industries LtdMaterialsEquity0.86%
Dabur India LtdConsumer StaplesEquity0.84%
Astral LtdIndustrialsEquity0.81%
Tata Motors LtdConsumer DiscretionaryEquity0.77%
Oil India LtdEnergy & UtilitiesEquity0.77%
CG Power & Industrial Solutions LtdIndustrialsEquity0.76%
Shriram Transport Finance Company LtdFinancialEquity0.75%
Interglobe Aviation LtdIndustrialsEquity0.73%
Dr. Lal Pathlabs LtdHealthcareEquity0.73%
Arvind Fashions LtdConsumer DiscretionaryEquity0.70%
KPR Mills LtdConsumer DiscretionaryEquity0.53%
Others CBLOUnspecifiedCBLO0.41%
Jubilant Ingrevia LtdMaterialsEquity0.40%
Grindwell Norton LtdMaterialsEquity0.32%
Elgi Equipments LtdIndustrialsEquity0.11%
Wakefit Innovations Ltd.Consumer DiscretionaryEquity0.04%
TVS Motor Company Ltd - Pref. SharesConsumer DiscretionaryPreference Shares0.02%
See All

Minimum investments

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

Returns and rankings

Annualised returns
Absolute returns
Name1Y3Y5YAll
Fund returns-7.3%+10.4%+11.5%+12.4%
Category average (Equity ELSS)+2.4%+16.4%+16.5%--
Rank (Equity ELSS)322922--

Exit load, stamp duty and tax

Exit load

Nil

Stamp duty on investment: 0.005% (from July 1st, 2020)

from July 1st 2020

Tax implication

If you redeem within one year, returns are taxed at 20%. If you redeem after one year, returns exceeding Rs 1.25 lakh in a financial year are taxed at 12.5%.
Check past data

Fund management

ND
Neelesh Dhamnaskar
Feb 2026 - Present
View details

Education
Mr. Dhamnaskar is a B.Com (H)and MMS (Finance).
Experience
Prior to joining Mahindra Manulife Mutual Fund, he has worked with Invesco MF, ENAM Securities Direct Pvt. Ltd. and KR Choksey Shares and Securities Pvt. Ltd. He has also worked with Anand Rathi Ltd., as Commodity Research Analyst.

FP
Fatema Pacha
Oct 2020 - Present
View details

About Mahindra Manulife ELSS Tax Saver Fund Direct Growth

Mahindra Manulife ELSS Tax Saver Fund Direct Growth is a Equity Mutual Fund Scheme launched by Mahindra Mutual Fund. This scheme was made available to investors on 04 Feb 2016. Neelesh Dhamnaskar is the Current Fund Manager of Mahindra Manulife ELSS Tax Saver Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹4,742 Cr and the Latest NAV as of 10 Jun 2026 is ₹31.02. The Mahindra Manulife ELSS Tax Saver Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹500. Minimum Lumpsum Investment is ₹500. ;

Investment Objective

The Scheme seeks to generate long-term capital appreciation through a diversified portfolio of equity and equity related securities.
Fund benchmarkNIFTY 500 Total Return Index

Fund house

Rank (total assets)#28 in India
Total AUM₹4,742.00 Cr
Date of Incorporation04 Feb 2016
Phone022-66327900
Launch Date04 Feb 2016
Address1st Floor, Sadhana House, Behind Mahindra Tower, 570 P. B. Marg, Worli, Mumbai 400018
CustodianDeutsche Bank
Registrar & Transfer AgentCams
Address7th Floor, Tower II, Rayala Towers, 158, Anna Salai,