Mahindra Manulife ELSS Tax Saver Fund Direct Growth

Equity
ELSS
Very High Risk
3Y Lock In
19.50%
3Y annualised
-0.61% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 18 Jul 2025₹33.59
Min. SIP amount₹500
Rating3
Fund size₹979.66Cr

Return calculator

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

Holdings (59)

NameSectorInstrumentAssets
FinancialEquity9.11%
FinancialEquity8.49%
EnergyEquity5.63%
TechnologyEquity4.19%
ConstructionEquity3.85%
TechnologyEquity3.30%
CommunicationEquity3.22%
FinancialEquity3.18%
FinancialEquity2.87%
Consumer StaplesEquity2.72%
FinancialEquity2.29%
FinancialEquity2.19%
ConstructionEquity2.09%
EnergyEquity1.88%
Consumer StaplesEquity1.79%
InsuranceEquity1.59%
Consumer DiscretionaryEquity1.51%
AutomobileEquity1.44%
TextilesEquity1.41%
FinancialEquity1.37%
ServicesEquity1.33%
Consumer DiscretionaryEquity1.33%
Consumer DiscretionaryEquity1.31%
Consumer StaplesEquity1.23%
HealthcareEquity1.23%
FinancialEquity1.21%
TextilesEquity1.17%
Capital GoodsEquity1.16%
ServicesEquity1.15%
ChemicalsEquity1.04%
TechnologyEquity1.01%
ChemicalsEquity0.97%
ServicesEquity0.92%
AutomobileEquity0.92%
HealthcareEquity0.90%
ChemicalsEquity0.89%
Capital GoodsEquity0.88%
AutomobileEquity0.87%
TextilesEquity0.87%
Capital GoodsEquity0.83%
Consumer StaplesEquity0.83%
Consumer DiscretionaryEquity0.82%
Consumer StaplesEquity0.81%
ServicesEquity0.79%
FinancialEquity0.76%
Metals & MiningEquity0.75%
ServicesEquity0.74%
Capital GoodsEquity0.74%
ConstructionEquity0.72%
FinancialEquity0.71%
HealthcareEquity0.65%
ServicesEquity0.65%
Capital GoodsEquity0.54%
ChemicalsEquity0.53%
ServicesEquity0.50%
Capital GoodsEquity0.47%
InsuranceEquity0.47%
ChemicalsEquity0.44%
HealthcareEquity0.26%
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
1Y3Y5YAll
Fund returns1.3%19.5%23.8%14.8%
Category average1.3%20.8%22.3%NA
Rank with in category272414NA
Understand terms

Peer Comparison

Expense ratio, exit load and tax

Expense ratio: 0.60%

Inclusive of GST

Exit load

Nil

Stamp duty

0.005% (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%.

Understand terms
Check past data

Fund management

Fatema Pacha
Oct 2020 - Present
View 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
Mahindra Mutual Fund
Asset Management Company
Custodian
Deutsche Bank
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,

Pros and cons

Category: Equity ELSS

Pros

1Y and 5Y annualised returns higher than category average
Exit load is zero
Lower expense ratio: 0.6%

Cons

3Y annualised returns lower than category average by 0.51%
Lock-in period: 3Y

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