Mahindra Manulife ELSS Tax Saver Fund Direct Growth

Mahindra Manulife ELSS Tax Saver Fund Direct Growth

+12.27%
3Y annualised
-0.08% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 21 May '26
₹31.57
Min. for SIP
₹500
Fund size (AUM)
₹888.52 Cr
Expense ratio
0.76%
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 (61)

NameSectorInstrumentsAssets
ICICI Bank Ltd.FinancialEquity8.66%
HDFC Bank Ltd.FinancialEquity6.84%
Bharti Airtel Ltd.CommunicationEquity3.61%
Reliance Industries Ltd.EnergyEquity3.50%
Infosys Ltd.TechnologyEquity3.37%
Bajaj Finance Ltd.FinancialEquity3.25%
Larsen & Toubro Ltd.ConstructionEquity2.94%
Tata Consultancy Services Ltd.TechnologyEquity2.51%
Hindustan Unilever Ltd.Consumer StaplesEquity2.36%
Avenue Supermarts Ltd.ServicesEquity2.32%
Axis Bank Ltd.FinancialEquity2.16%
Tata Power Company Ltd.EnergyEquity1.96%
State Bank of IndiaFinancialEquity1.92%
TVS Motor Company Ltd.AutomobileEquity1.84%
UNO Minda Ltd.AutomobileEquity1.83%
Indusind Bank Ltd.FinancialEquity1.79%
Tata Steel Ltd.Metals & MiningEquity1.78%
Oil And Natural Gas Corporation Ltd.EnergyEquity1.69%
Titan Company Ltd.Consumer DiscretionaryEquity1.69%
NTPC Ltd.EnergyEquity1.62%
Maruti Suzuki India Ltd.AutomobileEquity1.62%
Eternal Ltd.ServicesEquity1.60%
Sun Pharmaceutical Industries Ltd.HealthcareEquity1.59%
Tech Mahindra Ltd.TechnologyEquity1.54%
Britannia Industries Ltd.Consumer StaplesEquity1.39%
Indus Towers Ltd.CommunicationEquity1.38%
Dr. Reddy's Laboratories Ltd.HealthcareEquity1.37%
Tata Capital Ltd.FinancialEquity1.35%
Trent Ltd.ServicesEquity1.35%
Kotak Mahindra Bank Ltd.FinancialEquity1.29%
Mankind Pharma Ltd.HealthcareEquity1.18%
Info Edge (India) Ltd.ServicesEquity1.15%
Neuland Laboratories Ltd.HealthcareEquity1.13%
Crompton Greaves Consumer Electricals Ltd.Consumer DiscretionaryEquity1.11%
Voltas Ltd.Consumer DiscretionaryEquity1.11%
Godrej Properties Ltd.ConstructionEquity1.10%
LG Electronics India Ltd.Consumer DiscretionaryEquity1.03%
Dixon Technologies (India) Ltd.Capital GoodsEquity1.03%
LTM LimitedTechnologyEquity1.00%
Nestle India Ltd.Consumer StaplesEquity0.97%
Eicher Motors Ltd.AutomobileEquity0.96%
Bandhan Bank Ltd.FinancialEquity0.95%
DOMS Industries Ltd.Consumer StaplesEquity0.91%
Glaxosmithkline Pharmaceuticals Ltd.HealthcareEquity0.91%
Jubilant FoodWorks Ltd.ServicesEquity0.89%
Aarti Industries Ltd.ChemicalsEquity0.86%
Dabur India Ltd.Consumer StaplesEquity0.84%
Astral Ltd.ChemicalsEquity0.81%
Tata Motors Passenger Vehicles Ltd.AutomobileEquity0.77%
Oil India Ltd.EnergyEquity0.77%
CG Power and Industrial Solutions Ltd.Capital GoodsEquity0.76%
Shriram Finance LtdFinancialEquity0.75%
Interglobe Aviation Ltd.ServicesEquity0.73%
Dr. Lal Pathlabs Ltd.HealthcareEquity0.73%
Arvind Fashions Ltd.TextilesEquity0.70%
K.P.R. Mill Ltd.TextilesEquity0.53%
Jubilant Ingrevia Ltd.ChemicalsEquity0.40%
Grindwell Norton Ltd.Metals & MiningEquity0.32%
Elgi Equipments Ltd.Capital GoodsEquity0.11%
Wakefit Innovations Ltd.Consumer DiscretionaryEquity0.04%
TVS Motor Company Ltd - Pref. SharesAutomobilePref. 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-3.1%+12.3%+13.3%+12.7%
Category average (Equity ELSS)+2.4%+16.4%+16.5%--
Rank (Equity ELSS)292920--

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 21 May 2026 is ₹31.57. 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,