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Mahindra Manulife ELSS Fund Direct Growth
EquityELSS (Tax Savings)Very High Risk
Direct
NAV (21-Nov-24)
₹30.94-0.44%1D
Returns (Since Inception)
14.94%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹925 Cr
Expense Ratio
0.61%
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, 1 months and 4 days, having been launched on 18-Oct-16.
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹30.94, Assets Under Management (AUM) of 925.33 Crores, and an expense ratio of 0.61%.
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹30.94, Assets Under Management (AUM) of 925.33 Crores, and an expense ratio of 0.61%.
- Mahindra Manulife ELSS Fund Direct Growth has given a CAGR return of 14.94% since inception.
- The fund's asset allocation comprises around 96.21% in equities, 0.00% in debts, and 3.79% 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
+21.27%
+27.83% (Cat Avg.)
3 Years
+14.02%
+14.94% (Cat Avg.)
5 Years
+19.78%
+19.25% (Cat Avg.)
Since Inception
+14.94%
— (Cat Avg.)
Portfolio Summaryas of 31st October 2024
| Equity | ₹890.22 Cr | 96.21% |
| Others | ₹35.1 Cr | 3.79% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| HDFC Bank Ltd | Equity | ₹90.58 Cr | 9.79% |
| ICICI Bank Ltd | Equity | ₹80.46 Cr | 8.70% |
| Infosys Ltd | Equity | ₹45.69 Cr | 4.94% |
| Reliance Industries Ltd | Equity | ₹44.27 Cr | 4.78% |
| Larsen & Toubro Ltd | Equity | ₹37.22 Cr | 4.02% |
| State Bank of India | Equity | ₹31.66 Cr | 3.42% |
| Axis Bank Ltd | Equity | ₹28.41 Cr | 3.07% |
| Hindustan Unilever Ltd | Equity | ₹24.27 Cr | 2.62% |
| Triparty Repo | Cash - Repurchase Agreement | ₹22.18 Cr | 2.40% |
| Voltas Ltd | Equity | ₹20.7 Cr | 2.24% |
| Tata Consultancy Services Ltd | Equity | ₹19.44 Cr | 2.10% |
| Shree Cement Ltd | Equity | ₹18.95 Cr | 2.05% |
| Power Grid Corp Of India Ltd | Equity | ₹17.32 Cr | 1.87% |
| Bharti Airtel Ltd | Equity | ₹16.77 Cr | 1.81% |
| Asian Paints Ltd | Equity | ₹16.73 Cr | 1.81% |
| Britannia Industries Ltd | Equity | ₹16.61 Cr | 1.79% |
| Mahindra & Mahindra Ltd | Equity | ₹15.83 Cr | 1.71% |
| Wipro Ltd | Equity | ₹14.62 Cr | 1.58% |
| Crompton Greaves Consumer Electricals Ltd | Equity | ₹14.12 Cr | 1.53% |
| Kalpataru Projects International Ltd | Equity | ₹13.56 Cr | 1.47% |
| Page Industries Ltd | Equity | ₹12.95 Cr | 1.40% |
| Net Receivables / (Payables) | Cash | ₹12.93 Cr | 1.40% |
| HDFC Life Insurance Co Ltd | Equity | ₹12.89 Cr | 1.39% |
| NTPC Ltd | Equity | ₹12.24 Cr | 1.32% |
| Hindustan Petroleum Corp Ltd | Equity | ₹12 Cr | 1.30% |
| UNO Minda Ltd | Equity | ₹11.8 Cr | 1.28% |
| Multi Commodity Exchange of India Ltd | Equity | ₹11.73 Cr | 1.27% |
| Vinati Organics Ltd | Equity | ₹11.46 Cr | 1.24% |
| Alembic Pharmaceuticals Ltd | Equity | ₹11.29 Cr | 1.22% |
| Schaeffler India Ltd | Equity | ₹11.11 Cr | 1.20% |
| IndusInd Bank Ltd | Equity | ₹10.96 Cr | 1.18% |
| Navin Fluorine International Ltd | Equity | ₹10.88 Cr | 1.18% |
| JK Cement Ltd | Equity | ₹10.59 Cr | 1.14% |
| L&T Finance Ltd | Equity | ₹10.59 Cr | 1.14% |
| Graphite India Ltd | Equity | ₹10.19 Cr | 1.10% |
| Piramal Pharma Ltd | Equity | ₹9.66 Cr | 1.04% |
| Bata India Ltd | Equity | ₹9.49 Cr | 1.03% |
| Finolex Industries Ltd | Equity | ₹9.36 Cr | 1.01% |
| Restaurant Brands Asia Ltd Ordinary Shares | Equity | ₹8.61 Cr | 0.93% |
| Gokaldas Exports Ltd | Equity | ₹8.57 Cr | 0.93% |
| Jyoti CNC Automation Ltd | Equity | ₹8.46 Cr | 0.91% |
| Tata Motors Ltd | Equity | ₹8.34 Cr | 0.90% |
| Kirloskar Ferrous Industries Ltd | Equity | ₹8.11 Cr | 0.88% |
| Gillette India Ltd | Equity | ₹7.96 Cr | 0.86% |
| Manappuram Finance Ltd | Equity | ₹7.77 Cr | 0.84% |
| Delhivery Ltd | Equity | ₹7.69 Cr | 0.83% |
| Info Edge (India) Ltd | Equity | ₹7.44 Cr | 0.80% |
| GlaxoSmithKline Pharmaceuticals Ltd | Equity | ₹7.25 Cr | 0.78% |
| CG Power & Industrial Solutions Ltd | Equity | ₹7.04 Cr | 0.76% |
| Arvind Fashions Ltd | Equity | ₹6.79 Cr | 0.73% |
| The South Indian Bank Ltd | Equity | ₹6.32 Cr | 0.68% |
| Hindalco Industries Ltd | Equity | ₹6.17 Cr | 0.67% |
| GHCL Ltd | Equity | ₹5.67 Cr | 0.61% |
| Avenue Supermarts Ltd | Equity | ₹5.5 Cr | 0.59% |
| Cipla Ltd | Equity | ₹5.22 Cr | 0.56% |
| Cholamandalam Investment and Finance Co Ltd | Equity | ₹5.09 Cr | 0.55% |
| Oil & Natural Gas Corp Ltd | Equity | ₹4.66 Cr | 0.50% |
| LTIMindtree Ltd | Equity | ₹1.14 Cr | 0.12% |
Allocation By Market Cap (Equity)
Large Cap Stocks
63.88%
Mid Cap Stocks
12.88%
Small Cap Stocks
19.45%
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹296.45 Cr | 32.04% |
| Industrials | ₹122.35 Cr | 13.22% |
| Consumer Cyclical | ₹107.61 Cr | 11.63% |
| Technology | ₹80.89 Cr | 8.74% |
| Basic Materials | ₹80.46 Cr | 8.70% |
| Energy | ₹60.92 Cr | 6.58% |
| Consumer Defensive | ₹54.35 Cr | 5.87% |
| Healthcare | ₹33.42 Cr | 3.61% |
| Utilities | ₹29.57 Cr | 3.20% |
| Communication Services | ₹24.21 Cr | 2.62% |
Risk & Performance Ratios
Standard Deviation
This fund
13.24%
Cat. avg.
13.29%
Lower the better
Sharpe Ratio
This fund
0.70
Cat. avg.
0.78
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
1.39
Higher the better
Fund Managers
ML
Manish Lodha
Since December 2020
Fatema Pacha
Since October 2020
Additional Scheme Detailsas of 31st October 2024
ISIN INF174V01093 | Expense Ratio 0.61% | Exit Load No Charges | Fund Size ₹925 Cr | Age 8 years 1 month | 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% | ₹4680.10 Cr | 27.8% |
| Tata India Tax Savings Fund Regular Growth Very High Risk | 1.8% | 0.0% | ₹4680.10 Cr | 26.4% |
| Axis Long Term Equity Fund Regular Growth Very High Risk | 1.5% | 0.0% | ₹36533.13 Cr | 23.7% |
| Parag Parikh Tax Saver Fund Direct Growth Very High Risk | 0.6% | 0.0% | ₹4273.94 Cr | 26.8% |
| Parag Parikh Tax Saver Fund Regular Growth Very High Risk | 1.7% | 0.0% | ₹4273.94 Cr | 25.4% |
| Shriram Long Term Equity Fund Direct Growth Very High Risk | 0.7% | 0.0% | ₹54.03 Cr | 22.8% |
| Shriram Long Term Equity Fund Regular Growth Very High Risk | 2.3% | 0.0% | ₹54.03 Cr | 20.8% |
| ITI Long Term Equity Fund Direct Growth Very High Risk | 0.5% | 0.0% | ₹388.48 Cr | 31.4% |
| ITI Long Term Equity Fund Regular Growth Very High Risk | 2.3% | 0.0% | ₹388.48 Cr | 29.1% |
| Sundaram Diversified Equity Regular Growth Very High Risk | 2.2% | 0.0% | ₹1559.54 Cr | 17.6% |
About the AMC
Mahindra Manulife Mutual Fund
Total AUM
₹19,568 Cr
Address
570 P. B. Marg, Worli, Mumbai 400018, Mumbai, 400018
Other Funds by Mahindra Manulife Mutual Fund
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-Nov-2024, is ₹30.94.
What are the returns of Mahindra Manulife ELSS Fund Direct Growth?
The fund has generated 21.27% over the last 1 year and 14.02% 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 96.21% in equities, 0.00% in bonds, and 3.79% 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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Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.