Dezerv
  • Arrow
Mahindra Manulife ELSS Fund Direct Growth

Mahindra Manulife ELSS Fund Direct Growth

EquityELSS (Tax Savings)Very High Risk

Direct

down-icon

NAV (05-Jul-24)

₹32.540.15%1D

Returns (Since Inception)

16.49%
Wealth Monitor

Are your funds underperforming?

Identify red flags in your portfolio using the Wealth Monitor app!

Rated ★4.5+ on appstoreplaystore

Fund Overview

Fund Size

Fund Size

₹867 Cr

Expense Ratio

Expense Ratio

0.60%

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 7 years, 8 months and 18 days, having been launched on 18-Oct-16.
As of 05-Jul-24, it has a Net Asset Value (NAV) of ₹32.54, Assets Under Management (AUM) of 866.79 Crores, and an expense ratio of 0.6%.
  • Mahindra Manulife ELSS Fund Direct Growth has given a CAGR return of 16.49% since inception.
  • The fund's asset allocation comprises around 98.03% in equities, 0.00% in debts, and 1.97% 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

+34.72%

+40.22% (Cat Avg.)

3 Years

+20.49%

+20.22% (Cat Avg.)

5 Years

+21.40%

+19.94% (Cat Avg.)

Since Inception

+16.49%

— (Cat Avg.)

Portfolio Summaryas of 31st May 2024

Equity₹849.71 Cr98.03%
Others₹17.08 Cr1.97%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
HDFC Bank LtdEquity₹72.42 Cr8.36%
ICICI Bank LtdEquity₹65.65 Cr7.57%
Infosys LtdEquity₹40.21 Cr4.64%
Larsen & Toubro LtdEquity₹35.88 Cr4.14%
Reliance Industries LtdEquity₹34.95 Cr4.03%
State Bank of IndiaEquity₹25.24 Cr2.91%
Maruti Suzuki India LtdEquity₹24.85 Cr2.87%
Hindustan Unilever LtdEquity₹24.69 Cr2.85%
IndusInd Bank LtdEquity₹24.16 Cr2.79%
Tata Consultancy Services LtdEquity₹24.1 Cr2.78%
Axis Bank LtdEquity₹23.24 Cr2.68%
NTPC LtdEquity₹21.4 Cr2.47%
Britannia Industries LtdEquity₹17.61 Cr2.03%
Voltas LtdEquity₹17.06 Cr1.97%
Triparty RepoCash - Repurchase Agreement₹14.43 Cr1.66%
Honeywell Automation India LtdEquity₹14.35 Cr1.66%
Shree Cement LtdEquity₹14.23 Cr1.64%
Kalpataru Projects International LtdEquity₹13.41 Cr1.55%
Indus Towers Ltd Ordinary SharesEquity₹13.23 Cr1.53%
Crompton Greaves Consumer Electricals LtdEquity₹12.98 Cr1.50%
UNO Minda LtdEquity₹12.84 Cr1.48%
CG Power & Industrial Solutions LtdEquity₹12.48 Cr1.44%
Avenue Supermarts LtdEquity₹12.3 Cr1.42%
Piramal Pharma LtdEquity₹11.84 Cr1.37%
LTIMindtree LtdEquity₹11.52 Cr1.33%
Bank of BarodaEquity₹11.42 Cr1.32%
Hindalco Industries LtdEquity₹11.03 Cr1.27%
Oil & Natural Gas Corp LtdEquity₹10.68 Cr1.23%
Asian Paints LtdEquity₹10.66 Cr1.23%
Info Edge (India) LtdEquity₹10.25 Cr1.18%
Coal India LtdEquity₹9.82 Cr1.13%
Union Bank of IndiaEquity₹9.58 Cr1.10%
Wipro LtdEquity₹9.2 Cr1.06%
Schaeffler India LtdEquity₹9.16 Cr1.06%
The South Indian Bank LtdEquity₹9.1 Cr1.05%
Vinati Organics LtdEquity₹9 Cr1.04%
Marico LtdEquity₹8.93 Cr1.03%
GlaxoSmithKline Pharmaceuticals LtdEquity₹8.91 Cr1.03%
Kirloskar Ferrous Industries LtdEquity₹8.87 Cr1.02%
Tata Motors Ltd Class AEquity₹8.84 Cr1.02%
Restaurant Brands Asia Ltd Ordinary SharesEquity₹8.84 Cr1.02%
Arvind LtdEquity₹8.49 Cr0.98%
Colgate-Palmolive (India) LtdEquity₹8.37 Cr0.97%
Navin Fluorine International LtdEquity₹7.97 Cr0.92%
Graphite India LtdEquity₹7.92 Cr0.91%
Gillette India LtdEquity₹7.85 Cr0.91%
Ratnamani Metals & Tubes LtdEquity₹7.83 Cr0.90%
Alembic Pharmaceuticals LtdEquity₹7.75 Cr0.89%
L&T Finance LtdEquity₹7.65 Cr0.88%
Cyient LtdEquity₹6.94 Cr0.80%
DLF LtdEquity₹6.93 Cr0.80%
K.P.R. Mill LtdEquity₹6.93 Cr0.80%
Delhivery LtdEquity₹6.55 Cr0.76%
Mahindra Logistics LtdEquity₹6.17 Cr0.71%
Thomas Cook India LtdEquity₹5.76 Cr0.66%
Finolex Industries LtdEquity₹4.07 Cr0.47%
JK Cement LtdEquity₹3.87 Cr0.45%
Bharat Electronics LtdEquity₹3.7 Cr0.43%
Net Receivables / (Payables)Cash₹2.65 Cr0.31%

Allocation By Market Cap (Equity)

Large Cap Stocks

66.14%

Mid Cap Stocks

15.19%

Small Cap Stocks

16.71%

Other Allocation

Equity Sector

Debt & Others

SectorAmount sortHoldings sort
Financial Services₹248.46 Cr28.66%
Industrials₹137.4 Cr15.85%
Consumer Cyclical₹98.7 Cr11.39%
Technology₹85.03 Cr9.81%
Consumer Defensive₹79.76 Cr9.20%
Basic Materials₹64.59 Cr7.45%
Energy₹55.45 Cr6.40%
Healthcare₹28.5 Cr3.29%
Communication Services₹23.48 Cr2.71%
Utilities₹21.4 Cr2.47%
Real Estate₹6.93 Cr0.80%

Risk & Performance Ratios

Standard Deviation

This fund

12.67%

Cat. avg.

12.52%

Lower the better

Sharpe Ratio

This fund

1.09

Cat. avg.

0.97

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

1.80

Higher the better

Fund Managers

ML

Manish Lodha

Since December 2020

Fatema Pacha

Fatema Pacha

Since October 2020

Additional Scheme Detailsas of 31st May 2024

ISIN
INF174V01093
Expense Ratio
0.60%
Exit Load
No Charges
Fund Size
₹867 Cr
Age
18 Oct 2016
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

Withdrawal within 1 year

Flat 15% tax on realised gains (STCG - short term capital gains)

Withdrawal after 1 year

10% tax on realised gains above Rs. 1 lakh per financial year (LTCG - long term capital gains)

Note: Mutual funds are subject to capital gains taxation with surcharge and cess, based on prevailing income tax rules and investor income. Taxation applies 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%₹4199.87 Cr40.8%
Tata India Tax Savings Fund Regular Growth

Very High Risk

1.8%0.0%₹4199.87 Cr39.3%
Axis Long Term Equity Fund Regular Growth

Very High Risk

1.5%0.0%₹34895.64 Cr28.8%
Parag Parikh Tax Saver Fund Direct Growth

Very High Risk

0.6%0.0%₹3454.03 Cr35.8%
Parag Parikh Tax Saver Fund Regular Growth

Very High Risk

1.7%0.0%₹3454.03 Cr34.3%
Shriram Long Term Equity Fund Direct Growth

Very High Risk

0.8%0.0%₹51.18 Cr46.4%
Shriram Long Term Equity Fund Regular Growth

Very High Risk

2.3%0.0%₹51.18 Cr44.1%
ITI Long Term Equity Fund Direct Growth

Very High Risk

0.5%0.0%₹337.77 Cr58.5%
ITI Long Term Equity Fund Regular Growth

Very High Risk

2.3%0.0%₹337.77 Cr55.7%
Sundaram Diversified Equity Regular Growth

Very High Risk

2.2%0.0%₹1577.96 Cr28.2%

About the AMC

Mahindra Manulife Mutual Fund
phone022-66327900
e-mailhttps://www.mahindramanulife.com/

Total AUM

₹15,529 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

0.4%1.0%₹877.71 Cr-
Mahindra Manulife Large Cap Fund Direct Growth

Very High Risk

0.7%1.0%₹470.94 Cr36.5%
Mahindra Manulife Liquid Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹1313.02 Cr7.4%
Mahindra Manulife ELSS Fund Direct Growth

Very High Risk

0.6%0.0%₹866.79 Cr34.7%
Mahindra Manulife Overnight Fund Direct Growth

Low Risk

0.1%0.0%₹295.07 Cr6.8%
Mahindra Manulife Asia Pacific REITs FOF Direct Growth

Very High Risk

0.4%1.0%₹20.07 Cr-7.6%
Mahindra Manulife Equity Savings Fund Direct Growth

Moderately High risk

0.7%1.0%₹491.46 Cr20.1%
Mahindra Manulife Dynamic Bond Fund Direct Growth

Moderate Risk

0.4%0.0%₹60.26 Cr8.3%
Mahindra Manulife Short Duration Fund Direct Growth

Moderate Risk

0.3%0.0%₹49.16 Cr7.9%
Mahindra Manulife Arbitrage Fund Direct Growth

Low Risk

0.4%0.0%₹73.62 Cr7.1%
Mahindra Manulife Aggressive Hybrid Fund Direct Growth

Very High Risk

0.5%1.0%₹1168.14 Cr38.7%
Mahindra Manulife Balanced Advantage Fund Direct Growth

Very High Risk

0.6%1.0%₹738.59 Cr31.1%

Risk Level

Your principal amount will be at Very High Risk

Very High Risk
Wealth Monitor

Unlock Expert Insights!

Maximise Returns with our Wealth Monitor App. Try it now!

Related Articles

What is Net Asset Value (NAV) in Mutual Funds? hero

What is Net Asset Value (NAV) in Mutual Funds?

If we had to select the most overrated term in mutual funds, it has to be NAV or Net Asset Value. Read our article where we bust the 3 most

Taxes on Index Funds in India hero

Taxes on Index Funds in India

Discover how index funds are taxed in India. Learn about the taxation treatment of Equity and Debt Index Funds in India by reading this article.

SIP vs Mutual Fund: Where should you invest? hero

SIP vs Mutual Fund: Where should you invest?

New investors can be confused between investing in a SIP vs mutual funds. Lets discuss the differences between the two and guide you on what to do.

Total Expense Ratio (TER) in Mutual Funds hero

Total Expense Ratio (TER) in Mutual Funds

Total expense ratio is the charge deducted by mutual funds for their services. Learn more about the TER and its impact on your investments in this article.

What is XIRR in Mutual Funds? hero

What is XIRR in Mutual Funds?

XIRR calculates and represents mutual fund annual returns when several cash flows (investments and withdrawals) are involved.

Mutual Fund Riskometer hero

Mutual Fund Riskometer

The riskometer helps you understand the risk level of mutual fund schemes. Read this article to understand how you can use the riskometer to your advantage.

IDCW vs Growth: Which Mutual Fund Option should you Invest in? hero

IDCW vs Growth: Which Mutual Fund Option should you Invest in?

Confused between IDCW and Growth options in mutual funds? Let’s help you understand the differences and choose the right one.

How to become a Mutual Fund Agent in India? hero

How to become a Mutual Fund Agent in India?

Becoming a mutual fund agent or distributor is an easy process but involves a lot of steps. Read this step-by-step guide that elaborates on how to become a mutual fund agent.

Still got questions?
We're here to help.

The NAV of Mahindra Manulife ELSS Fund Direct Growth, as of 05-Jul-2024, is ₹32.54.
The fund has generated 34.72% over the last 1 year and 20.49% 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 98.03% in equities, 0.00% in bonds, and 1.97% in cash and cash equivalents.
The fund managers responsible for Mahindra Manulife ELSS Fund Direct Growth are:-
  1. Manish Lodha
  2. Fatema Pacha
info
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.
;

Trending Mutual Funds Searches

collapse

Popular Equity Funds

collapse

Popular Debt Funds

collapse

Popular Hybrid Funds

collapse