Mahindra Manulife ELSS Fund Regular Growth
EquityELSS (Tax Savings)Very High Risk
Regular
NAV (05-Sep-24)
Returns (Since Inception)
Fund Overview
Fund Size
₹973 Cr
Expense Ratio
2.14%
ISIN
INF174V01077
Minimum SIP
₹500
Exit Load
No Charges
Inception Date
18 Oct 2016
About this fund
As of 05-Sep-24, it has a Net Asset Value (NAV) of ₹29.09, Assets Under Management (AUM) of 972.71 Crores, and an expense ratio of 2.14%.
- Mahindra Manulife ELSS Fund Regular Growth has given a CAGR return of 14.47% since inception.
- The fund's asset allocation comprises around 99.33% in equities, 0.00% in debts, and 0.67% in cash & cash equivalents.
- You can start investing in Mahindra Manulife ELSS Fund Regular 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
+30.56%
+39.82% (Cat Avg.)
3 Years
+16.33%
+18.95% (Cat Avg.)
5 Years
+22.37%
+23.15% (Cat Avg.)
Since Inception
+14.47%
— (Cat Avg.)
Portfolio Summaryas of 31st July 2024
| Equity | ₹966.18 Cr | 99.33% |
| Others | ₹6.53 Cr | 0.67% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| HDFC Bank Ltd | Equity | ₹79.47 Cr | 8.20% |
| ICICI Bank Ltd | Equity | ₹71.15 Cr | 7.34% |
| Infosys Ltd | Equity | ₹59 Cr | 6.09% |
| Reliance Industries Ltd | Equity | ₹42.2 Cr | 4.35% |
| Larsen & Toubro Ltd | Equity | ₹36.15 Cr | 3.73% |
| State Bank of India | Equity | ₹30.19 Cr | 3.11% |
| Tata Consultancy Services Ltd | Equity | ₹28.79 Cr | 2.97% |
| Hindustan Unilever Ltd | Equity | ₹28.68 Cr | 2.96% |
| Maruti Suzuki India Ltd | Equity | ₹25.27 Cr | 2.61% |
| NTPC Ltd | Equity | ₹24.79 Cr | 2.56% |
| Indus Towers Ltd Ordinary Shares | Equity | ₹24.69 Cr | 2.55% |
| IndusInd Bank Ltd | Equity | ₹22.67 Cr | 2.34% |
| Shree Cement Ltd | Equity | ₹21.54 Cr | 2.22% |
| Oil & Natural Gas Corp Ltd | Equity | ₹21.05 Cr | 2.17% |
| Britannia Industries Ltd | Equity | ₹19.67 Cr | 2.03% |
| Voltas Ltd | Equity | ₹19.3 Cr | 1.99% |
| Axis Bank Ltd | Equity | ₹19.24 Cr | 1.99% |
| Tata Motors Ltd Class A | Equity | ₹18.48 Cr | 1.91% |
| Asian Paints Ltd | Equity | ₹17.58 Cr | 1.81% |
| Avenue Supermarts Ltd | Equity | ₹17.08 Cr | 1.76% |
| LTIMindtree Ltd | Equity | ₹15.9 Cr | 1.64% |
| Honeywell Automation India Ltd | Equity | ₹15.19 Cr | 1.57% |
| Crompton Greaves Consumer Electricals Ltd | Equity | ₹14.94 Cr | 1.54% |
| Kalpataru Projects International Ltd | Equity | ₹14.59 Cr | 1.51% |
| Power Grid Corp Of India Ltd | Equity | ₹14.45 Cr | 1.49% |
| Piramal Pharma Ltd | Equity | ₹14.08 Cr | 1.45% |
| Alembic Pharmaceuticals Ltd | Equity | ₹14.04 Cr | 1.45% |
| Wipro Ltd | Equity | ₹13.83 Cr | 1.43% |
| Schaeffler India Ltd | Equity | ₹13.8 Cr | 1.42% |
| Navin Fluorine International Ltd | Equity | ₹12.42 Cr | 1.28% |
| Info Edge (India) Ltd | Equity | ₹11.74 Cr | 1.21% |
| L&T Finance Ltd | Equity | ₹11.69 Cr | 1.21% |
| Vinati Organics Ltd | Equity | ₹11.42 Cr | 1.18% |
| Bata India Ltd | Equity | ₹11.17 Cr | 1.15% |
| JK Cement Ltd | Equity | ₹10.82 Cr | 1.12% |
| Colgate-Palmolive (India) Ltd | Equity | ₹10.75 Cr | 1.11% |
| UNO Minda Ltd | Equity | ₹10.41 Cr | 1.07% |
| Restaurant Brands Asia Ltd Ordinary Shares | Equity | ₹10.26 Cr | 1.06% |
| Graphite India Ltd | Equity | ₹10.24 Cr | 1.06% |
| Marico Ltd | Equity | ₹10.11 Cr | 1.04% |
| ITC Ltd | Equity | ₹9.91 Cr | 1.02% |
| Kirloskar Ferrous Industries Ltd | Equity | ₹9.75 Cr | 1.01% |
| Manappuram Finance Ltd | Equity | ₹9.63 Cr | 0.99% |
| The South Indian Bank Ltd | Equity | ₹9.03 Cr | 0.93% |
| Gillette India Ltd | Equity | ₹8.61 Cr | 0.89% |
| Ratnamani Metals & Tubes Ltd | Equity | ₹7.39 Cr | 0.76% |
| GlaxoSmithKline Pharmaceuticals Ltd | Equity | ₹7.3 Cr | 0.75% |
| CG Power & Industrial Solutions Ltd | Equity | ₹6.62 Cr | 0.68% |
| Delhivery Ltd | Equity | ₹5.9 Cr | 0.61% |
| Finolex Industries Ltd | Equity | ₹5.69 Cr | 0.59% |
| Samvardhana Motherson International Ltd | Equity | ₹3.93 Cr | 0.41% |
| Triparty Repo | Cash - Repurchase Agreement | ₹3.35 Cr | 0.35% |
| Net Receivables / (Payables) | Cash | ₹3.16 Cr | 0.33% |
Allocation By Market Cap (Equity)
Large Cap Stocks
66.78%
Mid Cap Stocks
15.70%
Small Cap Stocks
16.85%
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹253.08 Cr | 26.11% |
| Industrials | ₹123.43 Cr | 12.74% |
| Technology | ₹117.52 Cr | 12.13% |
| Consumer Cyclical | ₹108.26 Cr | 11.17% |
| Consumer Defensive | ₹104.8 Cr | 10.81% |
| Basic Materials | ₹81.18 Cr | 8.38% |
| Energy | ₹63.25 Cr | 6.53% |
| Utilities | ₹39.24 Cr | 4.05% |
| Communication Services | ₹36.43 Cr | 3.76% |
| Healthcare | ₹35.42 Cr | 3.65% |
Risk & Performance Ratios
Standard Deviation
This fund
12.55%
Cat. avg.
12.72%
Lower the better
Sharpe Ratio
This fund
0.85
Cat. avg.
1.02
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
1.94
Higher the better
Fund Managers
Manish Lodha
Since December 2020
Fatema Pacha
Since October 2020
Additional Scheme Detailsas of 31st July 2024
ISIN | INF174V01077 | Expense Ratio | 2.14% | Exit Load | No Charges | Fund Size | ₹973 Cr | Age | 18 Oct 2016 | 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:
- If units are sold after 1 year from the date of investment: Gains up to INR 1.25 lakh in a financial year are exempt from tax. Any gains exceeding INR 1.25 lakh are taxed at a rate of 12.5%.
- If units are sold within 1 year from the date of investment: The entire amount of gain is taxed at a rate of 20%.
- Holding the units: No tax is applicable as long as you continue to hold the units.
Dividend Taxation:
Dividends are added to the investor’s income and taxed according to their respective tax slabs. Additionally, if an investors dividend income exceeds INR 5,000 in a financial year, the fund house deducts a 10% Tax Deducted at Source (TDS) before distributing the dividend.
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% | ₹4722.04 Cr | 37.4% |
| Tata India Tax Savings Fund Regular Growth Very High Risk | 1.8% | 0.0% | ₹4722.04 Cr | 35.8% |
| Axis Long Term Equity Fund Regular Growth Very High Risk | 1.5% | 0.0% | ₹38278.40 Cr | 35.7% |
| Parag Parikh Tax Saver Fund Direct Growth Very High Risk | 0.6% | 0.0% | ₹4016.58 Cr | 36.0% |
| Parag Parikh Tax Saver Fund Regular Growth Very High Risk | 1.7% | 0.0% | ₹4016.58 Cr | 34.5% |
| Shriram Long Term Equity Fund Direct Growth Very High Risk | 0.8% | 0.0% | ₹56.80 Cr | 39.5% |
| Shriram Long Term Equity Fund Regular Growth Very High Risk | 2.3% | 0.0% | ₹56.80 Cr | 37.3% |
| ITI Long Term Equity Fund Direct Growth Very High Risk | 0.5% | 0.0% | ₹385.94 Cr | 55.9% |
| ITI Long Term Equity Fund Regular Growth Very High Risk | 2.3% | 0.0% | ₹385.94 Cr | 53.1% |
| Sundaram Diversified Equity Regular Growth Very High Risk | 2.2% | 0.0% | ₹1677.93 Cr | 25.8% |
About the AMC
Total AUM
₹18,043 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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- Manish Lodha
- Fatema Pacha
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