Mahindra Manulife ELSS Fund Direct Growth

Fund Overview

Fund Size

₹896 Cr

Expense Ratio

0.62%

ISIN

INF174V01093

Minimum SIP

₹500

Exit Load

No Charges

Inception Date

18 Oct 2016

About this fund

Mahindra Manulife ELSS Fund Direct Growth is a ELSS (Tax Savings) mutual fund schemes offered by Mahindra Manulife Mutual Fund. This fund has been in existence for 8 years, 4 months and 4 days, having been launched on 18-Oct-16.
As of 21-Feb-25, it has a Net Asset Value (NAV) of ₹29.68, Assets Under Management (AUM) of 895.53 Crores, and an expense ratio of 0.62%.

Mahindra Manulife ELSS Fund Direct Growth has given a CAGR return of 13.89% since inception.
The fund's asset allocation comprises around 97.78% in equities, 0.00% in debts, and 2.22% in cash & cash equivalents.
You can start investing in Mahindra Manulife ELSS Fund Direct Growth with a SIP of ₹500 or a Lumpsum investment of ₹500.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+5.06%

+4.92% (Cat Avg.)

3 Years

+13.55%

+14.20% (Cat Avg.)

5 Years

+18.20%

+16.83% (Cat Avg.)

Since Inception

+13.89%

— (Cat Avg.)

Portfolio Summaryas of 31st January 2025

Equity	₹875.66 Cr	97.78%
Others	₹19.86 Cr	2.22%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
HDFC Bank Ltd	Equity	₹80.69 Cr	9.01%
ICICI Bank Ltd	Equity	₹78 Cr	8.71%
Reliance Industries Ltd	Equity	₹42.04 Cr	4.69%
Infosys Ltd	Equity	₹38.04 Cr	4.25%
Larsen & Toubro Ltd	Equity	₹36.66 Cr	4.09%
State Bank of India	Equity	₹32.93 Cr	3.68%
Axis Bank Ltd	Equity	₹26.62 Cr	2.97%
Hindustan Unilever Ltd	Equity	₹26.17 Cr	2.92%
Bharti Airtel Ltd	Equity	₹23.26 Cr	2.60%
Tata Consultancy Services Ltd	Equity	₹20.14 Cr	2.25%
Net Receivables / (Payables)	Cash	₹19.86 Cr	2.22%
Shree Cement Ltd	Equity	₹19.46 Cr	2.17%
Cholamandalam Investment and Finance Co Ltd	Equity	₹17.68 Cr	1.97%
Voltas Ltd	Equity	₹17.4 Cr	1.94%
Mahindra & Mahindra Ltd	Equity	₹17.34 Cr	1.94%
Britannia Industries Ltd	Equity	₹14.88 Cr	1.66%
Page Industries Ltd	Equity	₹14.76 Cr	1.65%
Eicher Motors Ltd	Equity	₹13.51 Cr	1.51%
InterGlobe Aviation Ltd	Equity	₹13.45 Cr	1.50%
Crompton Greaves Consumer Electricals Ltd	Equity	₹13.43 Cr	1.50%
Hindustan Aeronautics Ltd Ordinary Shares	Equity	₹13.39 Cr	1.49%
IndusInd Bank Ltd	Equity	₹13.32 Cr	1.49%
Cipla Ltd	Equity	₹13.26 Cr	1.48%
Hindalco Industries Ltd	Equity	₹12.68 Cr	1.42%
ICICI Prudential Life Insurance Co Ltd	Equity	₹12.07 Cr	1.35%
Power Grid Corp Of India Ltd	Equity	₹11.76 Cr	1.31%
Hindustan Petroleum Corp Ltd	Equity	₹11.28 Cr	1.26%
Kalpataru Projects International Ltd	Equity	₹11.27 Cr	1.26%
Schaeffler India Ltd	Equity	₹11.08 Cr	1.24%
UNO Minda Ltd	Equity	₹11.06 Cr	1.24%
L&T Finance Ltd	Equity	₹10.55 Cr	1.18%
Bata India Ltd	Equity	₹9.99 Cr	1.12%
DOMS Industries Ltd	Equity	₹9.93 Cr	1.11%
NTPC Ltd	Equity	₹9.72 Cr	1.09%
Vinati Organics Ltd	Equity	₹9.72 Cr	1.09%
JK Cement Ltd	Equity	₹9.67 Cr	1.08%
Gokaldas Exports Ltd	Equity	₹9.53 Cr	1.06%
LTIMindtree Ltd	Equity	₹9.49 Cr	1.06%
Navin Fluorine International Ltd	Equity	₹9.13 Cr	1.02%
Asian Paints Ltd	Equity	₹9.12 Cr	1.02%
ITC Ltd	Equity	₹8.95 Cr	1.00%
Arvind Fashions Ltd	Equity	₹8.71 Cr	0.97%
Jyoti CNC Automation Ltd	Equity	₹8.68 Cr	0.97%
Bajaj Finance Ltd	Equity	₹8.67 Cr	0.97%
Multi Commodity Exchange of India Ltd	Equity	₹8.03 Cr	0.90%
Info Edge (India) Ltd	Equity	₹7.72 Cr	0.86%
Piramal Pharma Ltd	Equity	₹7.53 Cr	0.84%
UltraTech Cement Ltd	Equity	₹7.47 Cr	0.83%
CG Power & Industrial Solutions Ltd	Equity	₹7.42 Cr	0.83%
GHCL Ltd	Equity	₹6.65 Cr	0.74%
Devyani International Ltd	Equity	₹6.42 Cr	0.72%
VIP Industries Ltd	Equity	₹6.14 Cr	0.69%
GlaxoSmithKline Pharmaceuticals Ltd	Equity	₹5.28 Cr	0.59%
Gillette India Ltd	Equity	₹5.19 Cr	0.58%
TVS Motor Co Ltd	Equity	₹4.42 Cr	0.49%
Indian Hotels Co Ltd	Equity	₹3.92 Cr	0.44%

Allocation By Market Cap (Equity)

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Financial Services	₹288.57 Cr	32.22%
Consumer Cyclical	₹130.3 Cr	14.55%
Industrials	₹118.18 Cr	13.20%
Basic Materials	₹83.89 Cr	9.37%
Technology	₹67.67 Cr	7.56%
Consumer Defensive	₹55.19 Cr	6.16%
Energy	₹53.33 Cr	5.95%
Communication Services	₹30.98 Cr	3.46%
Healthcare	₹26.07 Cr	2.91%
Utilities	₹21.48 Cr	2.40%

Risk & Performance Ratios

Fund Managers

Manish Lodha

Since December 2020

Fatema Pacha

Since October 2020

Additional Scheme Detailsas of 31st January 2025

ISIN

INF174V01093

Expense Ratio

0.62%

Exit Load

No Charges

Fund Size

₹896 Cr

Age

8 years 4 months

Lumpsum Minimum

₹500

Fund Status

Open Ended Investment Company

Benchmark

Nifty 500 TR INR

Investment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

Capital Gains Taxation:

Dividend Taxation:

Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar ELSS (Tax Savings) Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Tata India Tax Savings Fund Direct Growth Very High Risk	0.7%	0.0%	₹4397.93 Cr	7.9%
Tata India Tax Savings Fund Regular Growth Very High Risk	1.8%	0.0%	₹4397.93 Cr	6.7%
Axis Long Term Equity Fund Regular Growth Very High Risk	1.5%	0.0%	₹34496.58 Cr	8.3%
Parag Parikh Tax Saver Fund Direct Growth Very High Risk	0.6%	0.0%	₹4572.13 Cr	11.6%
Parag Parikh Tax Saver Fund Regular Growth Very High Risk	1.7%	0.0%	₹4572.13 Cr	10.4%
Shriram Long Term Equity Fund Direct Growth Very High Risk	0.8%	0.0%	₹47.53 Cr	-5.7%
Shriram Long Term Equity Fund Regular Growth Very High Risk	2.3%	0.0%	₹47.53 Cr	-7.2%
ITI Long Term Equity Fund Direct Growth Very High Risk	0.5%	0.0%	₹374.22 Cr	4.5%
ITI Long Term Equity Fund Regular Growth Very High Risk	2.3%	0.0%	₹374.22 Cr	2.6%
Sundaram Diversified Equity Regular Growth Very High Risk	2.2%	0.0%	₹1467.94 Cr	4.1%

About the AMC

Mahindra Manulife Mutual Fund

022-66327900

https://www.mahindramanulife.com/

Total AUM

₹17,765 Cr

Address

570 P. B. Marg, Worli, Mumbai 400018, Mumbai, 400018

Other Funds by Mahindra Manulife Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Mahindra Manulife Business Cycle Fund Direct Growth Very High Risk	0.5%	1.0%	₹1144.52 Cr	7.0%
Mahindra Manulife Large Cap Fund Direct Growth Very High Risk	0.7%	1.0%	₹586.71 Cr	7.1%
Mahindra Manulife Liquid Fund Direct Growth Moderate Risk	0.1%	0.0%	₹1227.25 Cr	7.4%
Mahindra Manulife ELSS Fund Direct Growth Very High Risk	0.6%	0.0%	₹895.53 Cr	5.1%
Mahindra Manulife Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹214.14 Cr	6.7%
Mahindra Manulife Asia Pacific REITs FOF Direct Growth Very High Risk	0.5%	1.0%	₹21.55 Cr	2.0%
Mahindra Manulife Equity Savings Fund Direct Growth Moderate Risk	0.7%	1.0%	₹564.05 Cr	6.1%
Mahindra Manulife Dynamic Bond Fund Direct Growth Moderate Risk	0.4%	0.0%	₹79.26 Cr	8.1%
Mahindra Manulife Short Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹66.39 Cr	8.5%
Mahindra Manulife Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹108.11 Cr	6.7%
Mahindra Manulife Aggressive Hybrid Fund Direct Growth Very High Risk	0.5%	1.0%	₹1523.64 Cr	11.6%
Mahindra Manulife Balanced Advantage Fund Direct Growth Very High Risk	0.6%	1.0%	₹880.38 Cr	4.3%

Risk Level

Your principal amount will be at Very High Risk

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Still got questions?
We're here to help.

What is the current NAV of Mahindra Manulife ELSS Fund Direct Growth?

The NAV of Mahindra Manulife ELSS Fund Direct Growth, as of 21-Feb-2025, is ₹29.68.

What are the returns of Mahindra Manulife ELSS Fund Direct Growth?

The fund has generated 5.06% over the last 1 year and 13.55% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.

What is the portfolio composition of Mahindra Manulife ELSS Fund Direct Growth?

The fund's allocation of assets is distributed as 97.78% in equities, 0.00% in bonds, and 2.22% in cash and cash equivalents.

Who manages the Mahindra Manulife ELSS Fund Direct Growth?

The fund managers responsible for Mahindra Manulife ELSS Fund Direct Growth are:-

Manish Lodha
Fatema Pacha

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

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Fund Overview

Fund Size

₹896 Cr

Expense Ratio

0.62%

ISIN

INF174V01093

Minimum SIP

₹500

Exit Load

No Charges

Inception Date

18 Oct 2016

Risk Level

Your principal amount will be at Very High Risk