Mahindra Manulife ELSS Tax Saver Fund (IDCW)

ELSS

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NAV
16.65(-0.63%)
Fund Size (CR)
₹884.16
Expense Ratio
2.59
Scheme Type
Active Fund
Value Research
-

Min. investment
₹500
Minimum Additional Investment
₹500
Minimum SIP Investment
₹500
Minimum Withdrawal
₹1
Exit Load
0%
Return Since Launch
11.17%

Absolute Return: 3.53%

Annualized Return: 0%

Basic Details

Scheme Manager

Neelesh Dhamnaskar

Bench Mark

Nifty 500 TRI

Type

OPEN

Lumpsum Returns

Period Invested For	₹10,000 Invested on	Latest Value	Absolute Returns	Annualised Returns	Category Avg	Rank within Category
1 Week	July 27, 2026	10317.32	3.17%	-	2.51%	34/197
1 Month	July 3, 2026	10303.00	3.03%	-	2.09%	34/197
3 Month	April 30, 2026	10455.36	4.55%	-	6.06%	160/197
6 Month	February 3, 2026	9839.41	-1.61%	-	4.51%	185/197
1 Year	August 1, 2025	10065.37	0.65%	0.65%	6.16%	175/197
3 Year	August 3, 2023	13145.78	31.46%	9.54%	14.21%	186/193
5 Year	August 3, 2021	16095.84	60.96%	9.98%	12.99%	162/183
Since Inception	October 18, 2016	28209.40	182.09%	11.17%	14.66%	178/197

Note: Lumpsum Returns since Inception Date.

SIP Returns

Period Invested For	₹10,000 Invested on	Investments	Latest Value	Absolute Returns	Annualised Returns
1 Year	September 1, 2025	1,20,000	194045.90	61.70%	61.70%
3 Year	September 1, 2023	3,60,000	568936.33	58.04%	16.48%
5 Year	September 1, 2021	6,00,000	1022382.47	70.40%	11.25%
10 Year	November 1, 2016	11,80,000	2525994.60	114.07%	7.91%

Note: SIP Returns since Inception Date.

Tax Treatment

If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh. Any cess/surcharge is not included.If sold before 1 year from purchase date, short term capital gain tax will be applicable. Current tax rate is 15%. Any cess/surcharge is not included in the 15%.

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Risk Ratios

4.03%

Standard Deviation

0.89%

Beta

0.27%

Sharpe Ratio

-0.04%

Treynor's Ratio

-3.27%

Jension's Alpha

Asset Allocation

Sector Allocation

Top 10 stock holding in portfolio

Stock Invested in	% of Total Holdings	Quantity	Value (Cr)	Asset Type	Segment
ICICI Bank	9.48%	609320	83.79	Equity	Banks
HDFC Bank	7.64%	847000	67.59	Equity	Banks
Bharti Airtel	4.23%	202000	37.41	Equity	Telecom-Service
Bajaj Finance	3.50%	308000	30.95	Equity	Finance
Reliance Industr	3.18%	217500	28.14	Equity	Refineries
Larsen & Toubro	3.05%	65169	27.00	Equity	Infrastructure Developers & Operators
Infosys	2.87%	253589	25.37	Equity	IT - Software
Maruti Suzuki	2.38%	14900	21.03	Equity	Automobile
Axis Bank	2.37%	156000	20.99	Equity	Banks
Kotak Mah. Bank	2.26%	510000	20.00	Equity	Banks

Peer Comparison

Scheme Name	Asset Size (Cr)	1M	3M	6M	1Y	3Y
Quant ELSS Tax Saver Fund - Direct (G)	13143.38	2.13%	8.63%	13.40%	17.37%	17.55%
Quant ELSS Tax Saver Fund - Direct (IDCW)	13143.38	2.13%	8.63%	13.40%	17.37%	17.55%
Sundaram LT Tax Advantage Fund-Sr.III-Dir (IDCW)	34.84	0.99%	7.15%	12.74%	14.04%	16.29%
Sundaram LT Tax Advantage Fund-Sr.III-Dir (G)	34.84	0.99%	7.15%	12.74%	14.04%	16.29%
Sundaram LT Tax Advantage Fund-Sr.IV-Dir (IDCW)	23.09	1.04%	7.54%	12.49%	13.80%	16.52%

List of Schemes under Mahindra Manulife Mutual Fund

Fund Name	Category	Risk	1Y Returns	Ratings	Fund Size (Cr)
Mahindra Manulife Multi Cap Fund	Equity	Very High	13.68%	3	₹0.00
Mahindra Manulife Large Cap Fund	Equity	Very High	2.33%	4	₹699.82
Mahindra Manulife Large & Mid Cap Fund	Equity	Very High	8.05%	3	₹2,763.07
Mahindra Manulife Mid Cap Fund	Equity	Very High	17.41%	4	₹5,075.66
Mahindra Manulife Small Cap Fund	Equity	Very High	17.18%	0	₹4,930.36
Mahindra Manulife Focused Fund	Equity	Very High	7.09%	4	₹2,197.89
Mahindra Manulife Consumption Fund	Equity	Very High	2.74%	2	₹494.00
Mahindra Manulife Manufacturing Fund	Equity	Very High	13.09%	0	₹677.34
Mahindra Manulife Banking & Financial Services Fund	Equity	Very High	13%	0	₹450.83
Mahindra Manulife Innovation Opportunities Fund	Equity	Very High	0%	0	₹205.55
Mahindra Manulife ELSS Tax Saver Fund	Equity	Very High	2.2%	3	₹884.16
Mahindra Manulife Overnight Fund	Debt	Low	5.31%	3	₹249.44
Mahindra Manulife Liquid Fund	Debt	Moderate	6.42%	3	₹1,131.65
Mahindra Manulife Ultra Short Duration Fund	Debt	Moderately Low	6.56%	4	₹204.83
Mahindra Manulife Low Duration Fund	Debt	Moderate	6.47%	4	₹528.35
Mahindra Manulife Short Duration Fund	Debt	Moderate	6.22%	4	₹81.18
Mahindra Manulife Dynamic Bond Fund	Debt	Moderate	5.27%	3	₹54.40
Mahindra Manulife Aggressive Hybrid Fund	Hybrid	Very High	2.99%	4	₹2,451.27
Mahindra Manulife Balanced Advantage Fund	Hybrid	Moderately High	7.16%	3	₹903.94
Mahindra Manulife Multi Asset Allocation Fund	Hybrid	High	18.97%	0	₹1,151.64
Mahindra Manulife Arbitrage Fund	Hybrid	Low	6.68%	2	₹126.38
Mahindra Manulife Equity Savings Fund	Hybrid	Moderately High	8.49%	2	₹530.48
Mahindra Manulife Asia Pacific REITs FOF	Other	Very High	16.97%	0	₹40.58
Mahindra Manulife Income Plus Arbitrage Active FOF	Other	Moderately Low	0%	0	₹18.10
Mahindra Manulife Flexi Cap Fund	Equity	Very High	2.87%	4	₹1,559.38

News

Mahindra Manulife Mutual Fund announces change in fund manager under its schemes

Mahindra Manulife Mutual Fund has announced change in fund manager under the following schemes, With effect from 21 July 2026.

Change in Fund Manager:

Name of the Scheme(s)	Existing Fund Manager	New Fund Manager
Mahindra Manulife ELSS Tax Saver Fund	1. Ms. Fatema Pacha 2. Mr. Neelesh Dhamnaskar	Mr. Neelesh Dhamnaskar
Mahindra Manulife Flexi Cap Fund	1. Ms. Fatema Pacha 2. Mr. Neelesh Dhamnaskar	1. Mr. Neelesh Dhamnaskar 2. Ms. Kirti Dalvi
Mahindra Manulife Focused Fund	1. Mr. Krishna Sanghavi 2. Ms. Fatema Pacha	1. Mr. Krishna Sanghavi 2. Ms. Kirti Dalvi
Mahindra Manulife Large Cap Fund	1. Ms. Fatema Pacha 2. 2. Ms. Kirti Dalvi	Ms. Kirti Dalvi
Mahindra Manulife Multi Cap Fund	1. Mr. Vishal Jajoo 2. Ms. Fatema Pacha	1. Mr. Vishal Jajoo 2. Mr. Neelesh Dhamnaskar
Mahindra Manulife Consumption Fund	1. Mr. Navin Matta 2. Ms. Fatema Pacha	Mr. Navin Matta
Mahindra Manulife Aggressive Hybrid Fund	1. Ms. Fatema Pacha (Equity Portion) 2. Ms. Kirti Dalvi (Equity Portion) 3. Mr. Rahul Pal (Debt Portion) 4. Mr. Amit Garg (Debt Portion)	1. Ms. Kirti Dalvi (Equity Portion) 2. Mr. Vishal Jajoo (Equity Portion) 3. Mr. Rahul Pal (Debt Portion) 4. Mr. Amit Garg (Debt Portion)
Mahindra Manulife Balanced Advantage Fund	1. Mr. Neelesh Dhamnaskar (Equity Portion) 2. Ms. Fatema Pacha(Equity Portion) 3. Mr. Rahul Pal (Debt Portion) 4. Mr. Amit Garg (Debt Portion)	1. Mr. Neelesh Dhamnaskar (Equity Portion) 2. Mr. Rahul Pal (Debt Portion) 3. Mr. Amit Garg (Debt Portion)

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Mahindra Manulife MF announces Income Distribution cum Capital Withdrawal (IDCW) under its scheme
Mahindra Manulife Mutual Fund has announced 21 July 2026 as the record date for declaration of Income Distribution cum Capital Withdrawal (IDCW) option under the following schemes. The amount of IDCW (Rs per unit) on the face value of Rs 10 per unit will be:
Mahindra Manulife Arbitrage Fund:
Regular Plan ' IDCW: 0.60
Direct Plan ' IDCW: 0.60
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Mahindra Manulife MF announces Income Distribution cum Capital Withdrawal (IDCW) under its scheme
Mahindra Manulife Mutual Fund has announced 07 July 2026 as the record date for declaration of Income Distribution cum Capital Withdrawal (IDCW) option under the following schemes. The amount of IDCW (Rs per unit) on the face value of Rs 10 per unit will be:
Mahindra Manulife Aggressive Hybrid Fund:
Regular Plan Monthly ' IDCW: 0.18
Direct Plan Monthly ' IDCW: 0.18
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Fund House Details & Investment Objective

Date of Incorporation

August 22, 2016

Total AUM (Cr)

₹884.16

Mahindra Manulife ELSS Tax Saver Fund (IDCW) is an ELSS-oriented fund from the renowned AMC, Mahindra Manulife Mutual Fund. Launched in August 22, 2016, this fund is managed by Neelesh Dhamnaskar. With assets under management (AUM) worth ₹884.16 (Cr), as of August 4, 2026, Mahindra Manulife ELSS Tax Saver Fund (IDCW) is categorized as a ELSS within its segment. The fund has generated a return of 11.17% since its launch.
The current NAV of Mahindra Manulife ELSS Tax Saver Fund (IDCW) is ₹16.65, as on August 4, 2026. The fund's benchmark index is Nifty 500 TRI. You can invest in Mahindra Manulife ELSS Tax Saver Fund (IDCW) via both lumpsum and SIP modes. The minimum SIP amount in the fund is ₹500 while the minimum lumpsum investment is ₹500.

Being an open-ended fund, you can exit the fund anytime subject to applicable exit loads:
The fund has generated 9.54% and 9.98% CAGR in the last 3 and 5 years respectively.

The fund aims to provide long-term capital appreciation and growth, by investing in a mix of financial instruments 97.50% in Equity, 1.40% in Debt and 1.10% in cash and cash equivalents.
The top 5 sectors the fund invests in are: 22.52% in Banks, 8.31% in IT-Software, 7.12% in Retailing, 6.91% in Pharmaceuticals & Biotech, 5.54% in Telecom-Services

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