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Fund Overview

Fund Size

Fund Size

₹839 Cr

Expense Ratio

Expense Ratio

0.65%

ISIN

ISIN

INF174V01093

Minimum SIP

Minimum SIP

₹500

Exit Load

Exit Load

No Charges

Inception Date

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, 5 months and 10 days, having been launched on 18-Oct-16.
As of 27-Mar-25, it has a Net Asset Value (NAV) of ₹30.90, Assets Under Management (AUM) of 839.23 Crores, and an expense ratio of 0.65%.
  • Mahindra Manulife ELSS Fund Direct Growth has given a CAGR return of 14.27% since inception.
  • The fund's asset allocation comprises around 98.23% in equities, 0.00% in debts, and 1.77% 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

+9.06%

+6.96% (Cat Avg.)

3 Years

+14.97%

+14.91% (Cat Avg.)

5 Years

+26.88%

+25.31% (Cat Avg.)

Since Inception

+14.27%

(Cat Avg.)

Portfolio Summaryas of 28th February 2025

Equity824.42 Cr98.23%
Others14.81 Cr1.77%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
HDFC Bank LtdEquity82.29 Cr9.81%
ICICI Bank LtdEquity74.97 Cr8.93%
Reliance Industries LtdEquity39.88 Cr4.75%
Infosys LtdEquity34.15 Cr4.07%
Larsen & Toubro LtdEquity32.51 Cr3.87%
Axis Bank LtdEquity31.99 Cr3.81%
State Bank of IndiaEquity25.21 Cr3.00%
Hindustan Unilever LtdEquity23.22 Cr2.77%
Bharti Airtel LtdEquity22.45 Cr2.68%
Cholamandalam Investment and Finance Co LtdEquity19.26 Cr2.29%
Voltas LtdEquity18.88 Cr2.25%
Tata Consultancy Services LtdEquity17.06 Cr2.03%
InterGlobe Aviation LtdEquity13.92 Cr1.66%
Shree Cement LtdEquity13.63 Cr1.62%
Hindalco Industries LtdEquity13.53 Cr1.61%
Page Industries LtdEquity13.37 Cr1.59%
Britannia Industries LtdEquity13.33 Cr1.59%
IndusInd Bank LtdEquity13.31 Cr1.59%
Cipla LtdEquity12.62 Cr1.50%
Crompton Greaves Consumer Electricals LtdEquity12.56 Cr1.50%
Eicher Motors LtdEquity12.08 Cr1.44%
Triparty RepoCash - Repurchase Agreement11.38 Cr1.36%
ICICI Prudential Life Insurance Co LtdEquity11.36 Cr1.35%
L&T Finance LtdEquity10.74 Cr1.28%
NTPC LtdEquity10.59 Cr1.26%
Hindustan Aeronautics Ltd Ordinary SharesEquity10.5 Cr1.25%
Kalpataru Projects International LtdEquity10.24 Cr1.22%
Schaeffler India LtdEquity9.9 Cr1.18%
Power Grid Corp Of India LtdEquity9.78 Cr1.17%
UNO Minda LtdEquity9.66 Cr1.15%
DOMS Industries LtdEquity9.63 Cr1.15%
Bata India LtdEquity9.4 Cr1.12%
Bajaj Finance LtdEquity9.38 Cr1.12%
Hindustan Petroleum Corp LtdEquity9.25 Cr1.10%
Vinati Organics LtdEquity8.85 Cr1.06%
JK Cement LtdEquity8.78 Cr1.05%
Asian Paints LtdEquity8.64 Cr1.03%
GlaxoSmithKline Pharmaceuticals LtdEquity8.32 Cr0.99%
Navin Fluorine International LtdEquity8.28 Cr0.99%
Gokaldas Exports LtdEquity8.19 Cr0.98%
ITC LtdEquity7.9 Cr0.94%
Mahindra & Mahindra LtdEquity7.76 Cr0.92%
Kotak Mahindra Bank LtdEquity7.61 Cr0.91%
Arvind Fashions LtdEquity7.56 Cr0.90%
TVS Motor Co LtdEquity7.56 Cr0.90%
LTIMindtree LtdEquity7.49 Cr0.89%
Info Edge (India) LtdEquity6.99 Cr0.83%
Multi Commodity Exchange of India LtdEquity6.99 Cr0.83%
CG Power & Industrial Solutions LtdEquity6.69 Cr0.80%
UltraTech Cement LtdEquity6.58 Cr0.78%
Jyoti CNC Automation LtdEquity6.44 Cr0.77%
Devyani International LtdEquity6.29 Cr0.75%
Max Healthcare Institute Ltd Ordinary SharesEquity5.87 Cr0.70%
GHCL LtdEquity5.26 Cr0.63%
VIP Industries LtdEquity4.99 Cr0.59%
Gillette India LtdEquity4.76 Cr0.57%
Indian Hotels Co LtdEquity3.67 Cr0.44%
Net Receivables / (Payables)Cash3.44 Cr0.41%
Piramal Pharma LtdEquity2.32 Cr0.28%

Allocation By Market Cap (Equity)

Large Cap Stocks

69.98%

Mid Cap Stocks

14.94%

Small Cap Stocks

13.31%

Other Allocation

Equity Sector

Debt & Others

SectorAmount sortHoldings sort
Financial Services293.11 Cr34.93%
Consumer Cyclical131.85 Cr15.71%
Industrials89.93 Cr10.72%
Basic Materials73.56 Cr8.76%
Technology58.7 Cr6.99%
Consumer Defensive49.2 Cr5.86%
Energy49.13 Cr5.85%
Communication Services29.45 Cr3.51%
Healthcare29.12 Cr3.47%
Utilities20.37 Cr2.43%

Risk & Performance Ratios

Standard Deviation

This fund

13.54%

Cat. avg.

14.23%

Lower the better

Sharpe Ratio

This fund

0.50

Cat. avg.

0.52

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

0.85

Higher the better

Fund Managers

ML

Manish Lodha

Since December 2020

Fatema Pacha

Fatema Pacha

Since October 2020

Additional Scheme Detailsas of 28th February 2025

ISIN
INF174V01093
Expense Ratio
0.65%
Exit Load
No Charges
Fund Size
₹839 Cr
Age
8 years 5 months
Lumpsum Minimum
₹500
Fund Status
Open Ended Investment Company
Benchmark
Nifty 500 TR INR

Investment ObjectiveInvestment 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

iconCapital Gains Taxation:

iconDividend Taxation:

info icon

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 nameExpense RatioExit LoadFund size
1Y
Tata India Tax Savings Fund Direct Growth

Very High Risk

0.7%0.0%₹4053.35 Cr12.2%
Tata India Tax Savings Fund Regular Growth

Very High Risk

1.9%0.0%₹4053.35 Cr11.0%
Axis Long Term Equity Fund Regular Growth

Very High Risk

1.6%0.0%₹32174.34 Cr7.7%
Parag Parikh Tax Saver Fund Direct Growth

Very High Risk

0.6%0.0%₹4477.32 Cr17.0%
Parag Parikh Tax Saver Fund Regular Growth

Very High Risk

1.7%0.0%₹4477.32 Cr15.7%
Shriram Long Term Equity Fund Direct Growth

Very High Risk

0.8%0.0%₹44.32 Cr-0.9%
Shriram Long Term Equity Fund Regular Growth

Very High Risk

2.3%0.0%₹44.32 Cr-2.5%
ITI Long Term Equity Fund Direct Growth

Very High Risk

0.6%0.0%₹343.31 Cr7.1%
ITI Long Term Equity Fund Regular Growth

Very High Risk

2.3%0.0%₹343.31 Cr5.2%
Sundaram Diversified Equity Regular Growth

Very High Risk

2.2%0.0%₹1361.57 Cr6.2%

About the AMC

Mahindra Manulife Mutual Fund

Mahindra Manulife Mutual Fund

Total AUM

₹17,236 Cr

Address

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

Other Funds by Mahindra Manulife Mutual Fund

Fund nameExpense RatioExit LoadFund size
1Y
Mahindra Manulife Business Cycle Fund Direct Growth

Very High Risk

0.6%1.0%₹1055.09 Cr10.1%
Mahindra Manulife Large Cap Fund Direct Growth

Very High Risk

0.7%1.0%₹560.86 Cr9.9%
Mahindra Manulife Liquid Fund Direct Growth

Moderate Risk

0.1%0.0%₹1579.36 Cr7.4%
Mahindra Manulife ELSS Fund Direct Growth

Very High Risk

0.7%0.0%₹839.23 Cr9.1%
Mahindra Manulife Overnight Fund Direct Growth

Low Risk

0.1%0.0%₹265.10 Cr6.6%
Mahindra Manulife Asia Pacific REITs FOF Direct Growth

Very High Risk

0.5%1.0%₹24.01 Cr5.4%
Mahindra Manulife Equity Savings Fund Direct Growth

Moderate Risk

0.8%1.0%₹543.63 Cr7.5%
Mahindra Manulife Dynamic Bond Fund Direct Growth

Moderate Risk

0.4%0.0%₹78.67 Cr9.4%
Mahindra Manulife Short Duration Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹75.30 Cr8.9%
Mahindra Manulife Arbitrage Fund Direct Growth

Low Risk

0.4%0.0%₹103.51 Cr6.6%
Mahindra Manulife Aggressive Hybrid Fund Direct Growth

Very High Risk

0.6%1.0%₹1463.39 Cr14.6%
Mahindra Manulife Balanced Advantage Fund Direct Growth

Very High Risk

0.6%1.0%₹843.27 Cr7.4%

Risk Level

Your principal amount will be at Very High Risk

Very High Risk

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The NAV of Mahindra Manulife ELSS Fund Direct Growth, as of 27-Mar-2025, is ₹30.90.
The fund has generated 9.06% over the last 1 year and 14.97% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
The fund's allocation of assets is distributed as 98.23% in equities, 0.00% in bonds, and 1.77% in cash and cash equivalents.
The fund managers responsible for Mahindra Manulife ELSS Fund Direct Growth are:-
  1. Manish Lodha
  2. Fatema Pacha

Fund Overview

Fund Size

Fund Size

₹839 Cr

Expense Ratio

Expense Ratio

0.65%

ISIN

ISIN

INF174V01093

Minimum SIP

Minimum SIP

₹500

Exit Load

Exit Load

No Charges

Inception Date

Inception Date

18 Oct 2016

Risk Level

Your principal amount will be at Very High Risk

Very High Risk

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, 5 months and 10 days, having been launched on 18-Oct-16.
As of 27-Mar-25, it has a Net Asset Value (NAV) of ₹30.90, Assets Under Management (AUM) of 839.23 Crores, and an expense ratio of 0.65%.
  • Mahindra Manulife ELSS Fund Direct Growth has given a CAGR return of 14.27% since inception.
  • The fund's asset allocation comprises around 98.23% in equities, 0.00% in debts, and 1.77% 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

+9.06%

+6.96% (Cat Avg.)

3 Years

+14.97%

+14.91% (Cat Avg.)

5 Years

+26.88%

+25.31% (Cat Avg.)

Since Inception

+14.27%

(Cat Avg.)

Portfolio Summaryas of 28th February 2025

Equity824.42 Cr98.23%
Others14.81 Cr1.77%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
HDFC Bank LtdEquity82.29 Cr9.81%
ICICI Bank LtdEquity74.97 Cr8.93%
Reliance Industries LtdEquity39.88 Cr4.75%
Infosys LtdEquity34.15 Cr4.07%
Larsen & Toubro LtdEquity32.51 Cr3.87%
Axis Bank LtdEquity31.99 Cr3.81%
State Bank of IndiaEquity25.21 Cr3.00%
Hindustan Unilever LtdEquity23.22 Cr2.77%
Bharti Airtel LtdEquity22.45 Cr2.68%
Cholamandalam Investment and Finance Co LtdEquity19.26 Cr2.29%
Voltas LtdEquity18.88 Cr2.25%
Tata Consultancy Services LtdEquity17.06 Cr2.03%
InterGlobe Aviation LtdEquity13.92 Cr1.66%
Shree Cement LtdEquity13.63 Cr1.62%
Hindalco Industries LtdEquity13.53 Cr1.61%
Page Industries LtdEquity13.37 Cr1.59%
Britannia Industries LtdEquity13.33 Cr1.59%
IndusInd Bank LtdEquity13.31 Cr1.59%
Cipla LtdEquity12.62 Cr1.50%
Crompton Greaves Consumer Electricals LtdEquity12.56 Cr1.50%
Eicher Motors LtdEquity12.08 Cr1.44%
Triparty RepoCash - Repurchase Agreement11.38 Cr1.36%
ICICI Prudential Life Insurance Co LtdEquity11.36 Cr1.35%
L&T Finance LtdEquity10.74 Cr1.28%
NTPC LtdEquity10.59 Cr1.26%
Hindustan Aeronautics Ltd Ordinary SharesEquity10.5 Cr1.25%
Kalpataru Projects International LtdEquity10.24 Cr1.22%
Schaeffler India LtdEquity9.9 Cr1.18%
Power Grid Corp Of India LtdEquity9.78 Cr1.17%
UNO Minda LtdEquity9.66 Cr1.15%
DOMS Industries LtdEquity9.63 Cr1.15%
Bata India LtdEquity9.4 Cr1.12%
Bajaj Finance LtdEquity9.38 Cr1.12%
Hindustan Petroleum Corp LtdEquity9.25 Cr1.10%
Vinati Organics LtdEquity8.85 Cr1.06%
JK Cement LtdEquity8.78 Cr1.05%
Asian Paints LtdEquity8.64 Cr1.03%
GlaxoSmithKline Pharmaceuticals LtdEquity8.32 Cr0.99%
Navin Fluorine International LtdEquity8.28 Cr0.99%
Gokaldas Exports LtdEquity8.19 Cr0.98%
ITC LtdEquity7.9 Cr0.94%
Mahindra & Mahindra LtdEquity7.76 Cr0.92%
Kotak Mahindra Bank LtdEquity7.61 Cr0.91%
Arvind Fashions LtdEquity7.56 Cr0.90%
TVS Motor Co LtdEquity7.56 Cr0.90%
LTIMindtree LtdEquity7.49 Cr0.89%
Info Edge (India) LtdEquity6.99 Cr0.83%
Multi Commodity Exchange of India LtdEquity6.99 Cr0.83%
CG Power & Industrial Solutions LtdEquity6.69 Cr0.80%
UltraTech Cement LtdEquity6.58 Cr0.78%
Jyoti CNC Automation LtdEquity6.44 Cr0.77%
Devyani International LtdEquity6.29 Cr0.75%
Max Healthcare Institute Ltd Ordinary SharesEquity5.87 Cr0.70%
GHCL LtdEquity5.26 Cr0.63%
VIP Industries LtdEquity4.99 Cr0.59%
Gillette India LtdEquity4.76 Cr0.57%
Indian Hotels Co LtdEquity3.67 Cr0.44%
Net Receivables / (Payables)Cash3.44 Cr0.41%
Piramal Pharma LtdEquity2.32 Cr0.28%

Allocation By Market Cap (Equity)

Large Cap Stocks

69.98%

Mid Cap Stocks

14.94%

Small Cap Stocks

13.31%

Other Allocation

Equity Sector

Debt & Others

SectorAmount sortHoldings sort
Financial Services293.11 Cr34.93%
Consumer Cyclical131.85 Cr15.71%
Industrials89.93 Cr10.72%
Basic Materials73.56 Cr8.76%
Technology58.7 Cr6.99%
Consumer Defensive49.2 Cr5.86%
Energy49.13 Cr5.85%
Communication Services29.45 Cr3.51%
Healthcare29.12 Cr3.47%
Utilities20.37 Cr2.43%

Risk & Performance Ratios

Standard Deviation

This fund

13.54%

Cat. avg.

14.23%

Lower the better

Sharpe Ratio

This fund

0.50

Cat. avg.

0.52

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

0.85

Higher the better

Fund Managers

ML

Manish Lodha

Since December 2020

Fatema Pacha

Fatema Pacha

Since October 2020

Additional Scheme Detailsas of 28th February 2025

ISIN
INF174V01093
Expense Ratio
0.65%
Exit Load
No Charges
Fund Size
₹839 Cr
Age
8 years 5 months
Lumpsum Minimum
₹500
Fund Status
Open Ended Investment Company
Benchmark
Nifty 500 TR INR

Investment ObjectiveInvestment 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

iconCapital Gains Taxation:

iconDividend Taxation:

info icon

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 nameExpense RatioExit LoadFund size
1Y
Tata India Tax Savings Fund Direct Growth

Very High Risk

0.7%0.0%₹4053.35 Cr12.2%
Tata India Tax Savings Fund Regular Growth

Very High Risk

1.9%0.0%₹4053.35 Cr11.0%
Axis Long Term Equity Fund Regular Growth

Very High Risk

1.6%0.0%₹32174.34 Cr7.7%
Parag Parikh Tax Saver Fund Direct Growth

Very High Risk

0.6%0.0%₹4477.32 Cr17.0%
Parag Parikh Tax Saver Fund Regular Growth

Very High Risk

1.7%0.0%₹4477.32 Cr15.7%
Shriram Long Term Equity Fund Direct Growth

Very High Risk

0.8%0.0%₹44.32 Cr-0.9%
Shriram Long Term Equity Fund Regular Growth

Very High Risk

2.3%0.0%₹44.32 Cr-2.5%
ITI Long Term Equity Fund Direct Growth

Very High Risk

0.6%0.0%₹343.31 Cr7.1%
ITI Long Term Equity Fund Regular Growth

Very High Risk

2.3%0.0%₹343.31 Cr5.2%
Sundaram Diversified Equity Regular Growth

Very High Risk

2.2%0.0%₹1361.57 Cr6.2%

About the AMC

Mahindra Manulife Mutual Fund

Mahindra Manulife Mutual Fund

Total AUM

₹17,236 Cr

Address

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

Other Funds by Mahindra Manulife Mutual Fund

Fund nameExpense RatioExit LoadFund size
1Y
Mahindra Manulife Business Cycle Fund Direct Growth

Very High Risk

0.6%1.0%₹1055.09 Cr10.1%
Mahindra Manulife Large Cap Fund Direct Growth

Very High Risk

0.7%1.0%₹560.86 Cr9.9%
Mahindra Manulife Liquid Fund Direct Growth

Moderate Risk

0.1%0.0%₹1579.36 Cr7.4%
Mahindra Manulife ELSS Fund Direct Growth

Very High Risk

0.7%0.0%₹839.23 Cr9.1%
Mahindra Manulife Overnight Fund Direct Growth

Low Risk

0.1%0.0%₹265.10 Cr6.6%
Mahindra Manulife Asia Pacific REITs FOF Direct Growth

Very High Risk

0.5%1.0%₹24.01 Cr5.4%
Mahindra Manulife Equity Savings Fund Direct Growth

Moderate Risk

0.8%1.0%₹543.63 Cr7.5%
Mahindra Manulife Dynamic Bond Fund Direct Growth

Moderate Risk

0.4%0.0%₹78.67 Cr9.4%
Mahindra Manulife Short Duration Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹75.30 Cr8.9%
Mahindra Manulife Arbitrage Fund Direct Growth

Low Risk

0.4%0.0%₹103.51 Cr6.6%
Mahindra Manulife Aggressive Hybrid Fund Direct Growth

Very High Risk

0.6%1.0%₹1463.39 Cr14.6%
Mahindra Manulife Balanced Advantage Fund Direct Growth

Very High Risk

0.6%1.0%₹843.27 Cr7.4%

Still got questions?
We're here to help.

The NAV of Mahindra Manulife ELSS Fund Direct Growth, as of 27-Mar-2025, is ₹30.90.
The fund has generated 9.06% over the last 1 year and 14.97% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
The fund's allocation of assets is distributed as 98.23% in equities, 0.00% in bonds, and 1.77% in cash and cash equivalents.
The fund managers responsible for Mahindra Manulife ELSS Fund Direct Growth are:-
  1. Manish Lodha
  2. Fatema Pacha
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