Mahindra Manulife ELSS Tax Saver Fund Growth

Mahindra Manulife ELSS Tax Saver Fund Growth

ELSS • 3Y Lock-in
Equity
ELSS
Very High Risk
+14.74%
3Y annualised
-1.03% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 27 Feb '26
₹28.29
Min. for SIP
Not Supported
Fund size
₹938.26 Cr
Expense ratio
2.18%

Holdings (68)

NameSectorInstrumentsAssets
ICICI Bank Ltd.FinancialEquity7.81%
HDFC Bank Ltd.FinancialEquity7.68%
Reliance Industries Ltd.EnergyEquity5.22%
Infosys Ltd.TechnologyEquity4.97%
Axis Bank Ltd.FinancialEquity3.71%
Tata Consultancy Services Ltd.TechnologyEquity3.64%
Bajaj Finance Ltd.FinancialEquity3.52%
Larsen & Toubro Ltd.ConstructionEquity2.98%
State Bank of IndiaFinancialEquity2.87%
Hindustan Unilever Ltd.Consumer StaplesEquity2.83%
Ultratech Cement Ltd.ConstructionEquity2.26%
Cholamandalam Investment and Finance Company Ltd.FinancialEquity1.91%
Bharti Airtel Ltd.CommunicationEquity1.89%
Indusind Bank Ltd.FinancialEquity1.84%
Titan Company Ltd.Consumer DiscretionaryEquity1.65%
Tech Mahindra Ltd.TechnologyEquity1.63%
Britannia Industries Ltd.Consumer StaplesEquity1.34%
Avenue Supermarts Ltd.ServicesEquity1.34%
Indus Towers Ltd.CommunicationEquity1.32%
Oil And Natural Gas Corporation Ltd.EnergyEquity1.32%
ICICI Prudential Life Insurance Company Ltd.InsuranceEquity1.30%
TVS Motor Company Ltd.AutomobileEquity1.28%
Info Edge (India) Ltd.ServicesEquity1.27%
Tata Motors Ltd.AutomobileEquity1.26%
LTIMindtree Ltd.TechnologyEquity1.19%
NTPC Ltd.EnergyEquity1.13%
UNO Minda Ltd.AutomobileEquity1.08%
Tata Power Company Ltd.EnergyEquity1.08%
Mankind Pharma Ltd.HealthcareEquity1.06%
Maruti Suzuki India Ltd.AutomobileEquity1.06%
Tata Capital Ltd.FinancialEquity1.02%
Dr. Reddy's Laboratories Ltd.HealthcareEquity1.00%
Voltas Ltd.Consumer DiscretionaryEquity0.98%
Asian Paints Ltd.ChemicalsEquity0.96%
Page Industries Ltd.TextilesEquity0.95%
Glaxosmithkline Pharmaceuticals Ltd.HealthcareEquity0.93%
Dixon Technologies (India) Ltd.Capital GoodsEquity0.91%
DOMS Industries Ltd.Consumer StaplesEquity0.90%
Jyoti CNC Automation Ltd.Capital GoodsEquity0.88%
CG Power and Industrial Solutions Ltd.Capital GoodsEquity0.87%
Swiggy Ltd.ServicesEquity0.87%
Jubilant FoodWorks Ltd.ServicesEquity0.87%
Crompton Greaves Consumer Electricals Ltd.Consumer DiscretionaryEquity0.85%
Astral Ltd.ChemicalsEquity0.82%
Neuland Laboratories Ltd.HealthcareEquity0.81%
Navin Fluorine International Ltd.ChemicalsEquity0.78%
Devyani International Ltd.ServicesEquity0.78%
Tata Steel Ltd.Metals & MiningEquity0.75%
Bandhan Bank Ltd.FinancialEquity0.74%
SBI Cards And Payment Services Ltd.FinancialEquity0.74%
ICICI Lombard General Insurance Company Ltd.InsuranceEquity0.74%
Vinati Organics Ltd.ChemicalsEquity0.72%
Godrej Properties Ltd.ConstructionEquity0.71%
Arvind Fashions Ltd.TextilesEquity0.70%
VIP Industries Ltd.Consumer DiscretionaryEquity0.68%
Dabur India Ltd.Consumer StaplesEquity0.65%
LG Electronics India Ltd.Consumer DiscretionaryEquity0.64%
Bata India Ltd.Consumer StaplesEquity0.60%
Havells India Ltd.Capital GoodsEquity0.48%
Gokaldas Exports Ltd.TextilesEquity0.47%
Billionbrains Garage Ventures Ltd.FinancialEquity0.38%
Lenskart Solutions Ltd.Consumer DiscretionaryEquity0.27%
Biocon Ltd.HealthcareEquity0.26%
Cipla Ltd.HealthcareEquity0.25%
GHCL Ltd.ChemicalsEquity0.14%
Kwality Wall's (India) Ltd.Consumer StaplesEquity0.05%
Wakefit Innovations Ltd.Consumer DiscretionaryEquity0.05%
TVS Motor Company Ltd - Pref. SharesAutomobilePref. Shares0.02%
See All

Minimum investments

Min. for 1st investment
Not Supported
Min. for 2nd investment
Not Supported
Min. for SIP
Not Supported

Returns and rankings

Annualised returns
Absolute returns
Name1Y3Y5YAll
Fund returns+14.9%+14.7%+14.1%+11.7%
Category average (Equity ELSS)+2.4%+16.4%+16.5%--
Rank (Equity ELSS)192920--

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

Compare similar funds

Name1Y3YFund Size(Cr)
SBI ELSS Tax Saver Fund Growth
SBI ELSS Tax Saver Fund Growth
+15.44%+24.19%31,861.52
HDFC ELSS Tax Saver Fund Growth
HDFC ELSS Tax Saver Fund Growth
+16.05%+21.59%16,749.21
WhiteOak Capital ELSS Tax Saver Fund Growth
WhiteOak Capital ELSS Tax Saver Fund Growth
+13.44%+20.38%437.94
Franklin India ELSS Tax Saver Fund Growth
Franklin India ELSS Tax Saver Fund Growth
+12.15%+18.70%6,440.15
Parag Parikh ELSS Tax Saver Fund Growth
Parag Parikh ELSS Tax Saver Fund Growth
+6.54%+15.32%5,768.08
Compare

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

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.

About Mahindra Manulife ELSS Tax Saver Fund Growth

Mahindra Manulife ELSS Tax Saver Fund 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 Growth fund. The fund currently has an Asset Under Management(AUM) of ₹4,742 Cr and the Latest NAV as of 27 Feb 2026 is ₹28.29. The Mahindra Manulife ELSS Tax Saver Fund Growth is rated Very High risk. Minimum SIP Investment is set to ₹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,