1M
6M
1Y
3Y
5Y
All
| NAV: 25 Mar 2025 | ₹30.97 |
| Min. SIP amount | ₹500 |
| Rating | 3 |
| Fund size | ₹839.23Cr |
Return calculator
Monthly SIP
One-Time
₹5,000 per month
Over the past
1 year
3 years
5 years
Total investment of ₹0
Would have become ₹0 (-0.00%)
Holdings (57)
See All
Minimum investment amounts
| Min. for 1st investment | ₹500 |
| Min. for 2nd investment onwards | ₹500 |
| Min. for SIP | ₹500 |
Returns and rankings
Category: Equity ELSS
Annualised returns
Absolute returns
| 1Y | 3Y | 5Y | All | |
|---|---|---|---|---|
| Fund returns | 9.7% | 15.0% | 27.8% | 14.3% |
| Category average | 8.8% | 15.4% | 26.4% | NA |
| Rank with in category | 26 | 25 | 14 | NA |
Understand terms
Peer Comparison
| Equity, ELSS funds | Rating | 1Y | 3Y | Fund Size(Cr) |
|---|---|---|---|---|
SBI Long Term Equity Fund Direct Plan Growth | 5 | 12.7% | 25.1% | 25,723.50 |
Motilal Oswal ELSS Tax Saver Fund Direct Growth | 5 | 16.3% | 24.5% | 3,405.01 |
HDFC ELSS Tax Saver Direct Plan Growth | 4 | 14.7% | 23.1% | 14,671.37 |
Franklin India ELSS Tax Saver Fund Direct Growth | 4 | 11.8% | 19.5% | 5,986.40 |
Parag Parikh ELSS Tax Saver Fund Direct Growth | 5 | 15.7% | 19.3% | 4,477.32 |
Expense ratio, exit load and tax
Expense ratio: 0.65%
Inclusive of GST
Exit load
Nil
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.
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Check past data
Fund management
Fatema PachaOct 2020 - PresentView details
Fatema Pacha
Oct 2020 - Present
View details
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.
Also manages these schemes
Manish LodhaDec 2020 - PresentView details
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
E-mail
mfinvestors@mahindra.comWebsite
www.mahindramutualfund.com
Mahindra Mutual Fund
Asset Management Company
Custodian
Deutsche Bank
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
Email
enq_h@camsonline.comWebsite
www.camsonline.comPros and cons
Category: Equity ELSS
Pros
1Y and 5Y annualised returns higher than category average
Exit load is zero
Lower expense ratio: 0.65%
Cons
3Y annualised returns lower than category average by 0.41%
Lock-in period: 3Y
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Mahindra Manulife ELSS Tax Saver Fund Direct Growth
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Sarjapur Main Road, Bellandur
Bengaluru – 560103
Karnataka
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