Mahindra Manulife ELSS Tax Saver Fund (IDCW)
ELSSNAV
15.78(-0.94%)Fund Size (CR)
₹938.26Expense Ratio
2.18Scheme Type
Active FundValue Research
-
Min. investment
₹500Minimum Additional Investment
₹500Minimum SIP Investment
₹500Minimum Withdrawal
₹1Exit Load
0%Return Since Launch
11.06%
Basic Details
Scheme Manager
Fatema Pacha
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 | 4 March 2026 | 9796.96 | -2.03% | - | -1.46% | 148/213 |
| 1 Month | 11 February 2026 | 9234.54 | -7.65% | - | -7.27% | 122/213 |
| 3 Month | 11 December 2025 | 9248.24 | -7.52% | - | -6.47% | 181/213 |
| 6 Month | 11 September 2025 | 9371.42 | -6.29% | - | -5.81% | 118/213 |
| 1 Year | 11 March 2025 | 10675.65 | 6.76% | 6.76% | 8.70% | 149/213 |
| 3 Year | 10 March 2023 | 14230.69 | 42.31% | 12.46% | 15.74% | 185/205 |
| 5 Year | 10 March 2021 | 17459.73 | 74.60% | 11.78% | 14.06% | 152/199 |
| Since Inception | 18 October 2016 | 26813.60 | 168.14% | 11.06% | 13.91% | 186/213 |
Note: Lumpsum Returns since Inception Date.
SIP Returns
| Period Invested For | ₹10,000 Invested on | Investments | Latest Value | Absolute Returns | Annualised Returns |
|---|---|---|---|---|---|
| 1 Year | 1 April 2025 | 1,20,000 | 174471.95 | 45.39% | 45.39% |
| 3 Year | 3 April 2023 | 3,60,000 | 545906.94 | 51.64% | 14.89% |
| 5 Year | 1 April 2021 | 6,00,000 | 981444.74 | 63.57% | 10.34% |
| 10 Year | 1 November 2016 | 11,30,000 | 2309922.93 | 104.42% | 7.41% |
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%.
Mutual Funds Calculator
Monthly Investment (₹)
Expected Returns Rate (%)
Time Period (in Years)
Invested Amount
₹25,000
Estimated Returns
₹19,059
76%
Returns
Future value of your investment
₹44,059
Risk Ratios
3.35%
Standard Deviation
0.88%
Beta
0.77%
Sharpe Ratio
0.02%
Treynor's Ratio
-0.51%
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 | 7.87% | 534320 | 73.68 | Equity | Banks |
| HDFC Bank | 7.46% | 787000 | 69.87 | Equity | Banks |
| Reliance Industr | 5.17% | 347500 | 48.44 | Equity | Refineries |
| Infosys | 3.91% | 281589 | 36.61 | Equity | IT - Software |
| Bajaj Finance | 3.59% | 338000 | 33.66 | Equity | Finance |
| Axis Bank | 3.55% | 240000 | 33.21 | Equity | Banks |
| SBI | 3.12% | 243000 | 29.20 | Equity | Banks |
| Larsen & Toubro | 3.02% | 66169 | 28.31 | Equity | Infrastructure Developers & Operators |
| TCS | 3.00% | 106362 | 28.05 | Equity | IT - Software |
| Hind. Unilever | 2.75% | 110000 | 25.72 | Equity | FMCG |
Peer Comparison
| Scheme Name | Value Research | Asset Size (Cr) | 1M | 3M | 6M | 1Y | 3Y |
|---|---|---|---|---|---|---|---|
| SBI Long Term Advantage Fund-Series V -Dir (IDCW) | 368.70 | -6.98% | -6.35% | -7.03% | 14.88% | 22.08% | |
| SBI Long Term Advantage Fund - Series V -Dir (G) | 368.70 | -6.98% | -6.35% | -7.03% | 14.88% | 22.08% | |
| Bank of India Midcap Tax Fund - Series 1 - Direct (G) | 58.79 | -3.91% | -5.25% | -6.39% | 14.76% | 16.95% | |
| Bank of India Midcap Tax Fund - Series 1 - Direct (IDCW) | 58.79 | -3.91% | -5.25% | -6.39% | 14.76% | 16.95% | |
| Sundaram LT Tax Advantage Fund-Sr.III-Dir (G) | 32.03 | -8.77% | -6.00% | -7.33% | 14.00% | 17.75% |
List of Schemes under Mahindra Manulife Mutual Fund
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 16 February 2026.Change in Fund Manager:
Scheme Name Existing Fund Manager(s) New Fund Manager(s) Mahindra Manulife ELSS Tax Saver Fund Ms. Fatema Pacha 1. Ms. Fatema Pacha
2. Mr. Neelesh DhamnaskarMahindra Manulife Flexi Cap Fund Ms. Fatema Pacha 1. Ms. Fatema Pacha
2. Mr. Neelesh DhamnaskarMahindra Manulife Large & Mid Cap Fund Ms. Kirti Dalvi 1. Mr. Neelesh Dhamnaskar
2. Ms. Kirti DalviMahindra Manulife Mid Cap Fund 1. Ms. Kirti Dalvi
2. Mr. Krishna Sanghavi1. Ms. Kirti Dalvi
2. Mr. Neelesh Dhamnaskar
3. Mr. Krishna SanghaviMahindra Manulife Small Cap Fund 1. Mr. Vishal Jajoo
2. Mr. Krishna Sanghavi1. Mr. Vishal Jajoo
2. Mr. Neelesh Dhamnaskar
3. Mr. Krishna SanghaviMahindra Manulife Balanced Advantage Fund 1. Ms. Fatema Pacha (Equity portion)
2. Mr. Rahul Pal (Debt portion)
3. Mr. Amit Garg (Debt Portion)1. Mr. Neelesh Dhamnaskar (Equity portion)
2. Ms. Fatema Pacha (Equity portion)
3. Mr. Rahul Pal (Debt portion)
4. Mr. Amit Garg (Debt portion)Powered by Capital Market - Live News
Mahindra Manulife Mutual Fund announces change in Key Personnel
Mahindra Manulife Mutual Fund has announced that Mr. Neelesh Dhamnaskar has been appointed as Fund Manager - Equity with effect from February 10, 2026 ('Effective Date').Details of Mr. Neelesh Dhamnaskar
Age: 45 years
Designation: Fund Manager - Equity
Qualification: B COM & MMS (Finance)
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Mahindra Manulife MF announces Income Distribution cum Capital Withdrawal (IDCW) under its scheme
Mahindra Manulife Mutual Fund has announced 09 February 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
22 August 2016
Total AUM (Cr)
₹936.40
Mahindra Manulife ELSS Tax Saver Fund (IDCW) is an ELSS-oriented fund from the renowned AMC, Mahindra Manulife Mutual Fund. Launched in 22 August 2016, this fund is managed by Fatema Pacha. With assets under management (AUM) worth ₹936.4 (Cr), as of 12 March 2026, Mahindra Manulife ELSS Tax Saver Fund (IDCW) is categorized as a ELSS within its segment. The fund has generated a return of 11.06% since its launch.
The current NAV of Mahindra Manulife ELSS Tax Saver Fund (IDCW) is ₹15.78, as on 12 March 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 12.46% and 11.78% 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 97.60% in Equity, 2.27% in Debt and 0.13% in cash and cash equivalents.
The top 5 sectors the fund invests in are: 24.65% in Banks, 11.43% in IT-Software, 7.80% in Consumer Durables, 7.19% in Finance, 5.22% in Petroleum Products
Mutual Fund Categories
Types of Mutual Funds
Debt Funds
Access debt markets and enjoy interest income from bonds and debentures. Ideal for conservative short-term investors
Hybrid Funds
Enjoy best of both the worlds - equity and debt. Ideal for beginners with medium-term investment horizon
Equity Funds
Invest in large, mid, and small cap sector stocks to enjoy capital appreciation. Ideal for aggressive, long-term investors