
Mahindra Manulife ELSS Tax Saver Fund Direct Growth
Mahindra Manulife ELSS Tax Saver Fund Direct Growth
as on 30 Oct 2026
Mahindra Manulife ELSS Tax Saver Fund Direct Growth is a Equity mutual fund scheme launched on 18 Oct 2016. The current NAV stands at ₹30.9817 as of 30 Oct 2026. From the funds total AUM, its top holdings include ICICI Bank at 8.83%, HDFC Bank at 7.28%, Triparty Repo at 4.05%, Bharti Airtel at 4.01%, Infosys at 3.40%
Scheme Overview
- Inception Date : 18 Oct 2016
- AUM : ₹829.03 Cr
- 5Y Returns (CAGR) : 8.23%
- Expense Ratio : 1.07%
- Min. SIP : ₹500
- Min. Lumpsum : ₹500
Returns Calculator
basis annualised returns
Investment Type
SIP Amount
Investment Period
5Y
₹ 32.73 L
3.50%
₹ 36.98 L
8.00%
₹ 37.21 L
8.23%
Total Investment
₹ 30,00,000
Returns
₹ 7,21,300 (8.23%)
Maturity Value
₹ 37,21,300
Disclaimer: Fixed deposits offer guaranteed returns. Mutual fund investments carry market risks; read all scheme-related documents carefully. Past performance does not guarantee future returns.
Direct vs Regular Returns
Sorry, No Data Available at this Moment!
Returns vs Category
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*The above returns are absolute
Returns Vs Nifty 50
Historical Returns
Sorry, No Data Available at this Moment!
Start SIP with as Low as ₹100.
Historical NAV
Sorry, No Data Available at this Moment!
Asset Allocation
AUM
₹ 829.03 Cr
Cash Holding
-
Equity
-
Cash
-
Debt
-
Other
-
Asset Allocation
AUM
₹829.03 Cr
Cash Holding
-
Equity
-
Cash
-
Debt
-
Other
-
Sector Holdings
as of 31 May 2026
| Sectors | Allocation | Weightage | Value (in Cr.) |
|---|---|---|---|
| Financial Services | 28.49% | ||
| Consumer Cyclical | 15.74% | ||
| Technology | 9.32% | ||
| Consumer Defensive | 7.81% | ||
| Healthcare | 7.79% | ||
| Industrials | 7.56% | ||
| Communication Services | 6.74% | ||
| Energy | 5.62% | ||
| Other | 4.47% | ||
| Basic Materials | 2.74% | ||
| Utilities | 2.65% | ||
| Real Estate | 1.08% |
Stock Holdings
as of 31 May 2026
Fund Comparison
Fund Details
52W High NAV
-
Min. SIP Amount
₹ 500.00
Min. Lumpsum Amount
₹ 500.00
AUM (in Cr.)
₹ 829.03
Expense Ratio
1.07%
Lock-in Period
3.0 Years
52W Low NAV
-
Inception Date
18 Oct 2016
Fund Age
10 Yrs
Benchmark
Nifty 500 TRI
Scheme Type
Open Ended
Stamp Duty
0.005% (from July 1st 2020)
Exit Load
- No charges for withdrawal
Tax Implication
- If you redeem within 1 year, STCG are taxed at 20%; If you redeem after 1 year, and returns exceed ₹1.25 Lakhs in a financial year, LTCG are taxed at 12.5%
Fund Managers
| Name | Qualification |
|---|---|
| Neelesh Dhamnaskar | Commerce Graduate and MMS (Finace) |
| Hemang Kapasi | PGDBA (Finance); Accounting Technician, ICAI |
Fund Objective
The investment objective of the Scheme is to generate long-term capital appreciation through a diversified portfolio of equity and equity related securities. The Scheme does not guarantee or assure any returns.
Risk-O-Meter
Investors understand that their principal will be at
Very High Risk
Risk Scale
Low
Moderately Low
Moderate
Moderately High
High
Very High
AMC Information
Mahindra Manulife Mutual Fund
No. of Schemes
26
Total AUM
₹ 37,166.55 Cr
Contact Details
No. 204, 2nd Floor, Amiti Building,Piramal Agastya Corporate ParkLBS Road, Kurla(w), Mumbai 400070
Contact Details
No. 204, 2nd Floor, Amiti Building,Piramal Agastya Corporate ParkLBS Road, Kurla(w), Mumbai 400070
FAQs
When was Mahindra Manulife ELSS Tax Saver Fund launched?
What is the current NAV of Mahindra Manulife ELSS Tax Saver Fund?
What is the AUM of Mahindra Manulife ELSS Tax Saver Fund?
What is the rate of return of Mahindra Manulife ELSS Tax Saver Fund?
- In the past 1Y: -9.76%
- In the past 3Y: 8.18%
- In the past 5Y: 8.23%
What is the expense ratio of Mahindra Manulife ELSS Tax Saver Fund?
What is exit load of Mahindra Manulife ELSS Tax Saver Fund?
What is the portfolio of Mahindra Manulife ELSS Tax Saver Fund?
- ICICI Bank: 8.83%
- HDFC Bank: 7.28%
- Bharti Airtel: 4.01%
- Infosys: 3.40%
- Reliance Industries: 3.32%
Top 3 sectoral holdings include:
- Financial Services: 28.49%
- Consumer Cyclical: 15.74%
- Technology: 9.32%
How risky is investing in Mahindra Manulife ELSS Tax Saver Fund?
Who is the fund manager Mahindra Manulife ELSS Tax Saver Fund?
What is the minimum investment required in Mahindra Manulife ELSS Tax Saver Fund?
How to invest in Mahindra Manulife ELSS Tax Saver Fund directly?
- Open Demat Account on Dhan if you don't have one.
- Analyze the fund performance.
- Invest via SIP or Lumpsum.

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