Mahindra Manulife ELSS Tax Saver Fund - Direct Plan
Current NAV
₹32.25
1Y Return
-4.5%
3Y Return
+10.5%
5Y Return
+11.6%
AUM
₹861 Cr
Category
ELSS
Top Holdings
Top stocks held by this fund as of May 2026 (Source: AMC monthly disclosure)
ICICI Bank Limited
Banks
HDFC Bank Limited
Banks
Bharti Airtel Limited
Telecom - Services
Infosys Limited
IT - Software
Reliance Industries Limited
Petroleum Products
Bajaj Finance Ltd.
Finance
Larsen & Toubro Limited
Construction
Tata Consultancy Services Limited
73
Hindustan Unilever Limited
65
Axis Bank Limited
Banks
Avenue Supermarts Limited
Retailing
UNO Minda Limited
Auto Components
IndusInd Bank Limited
Banks
TVS Motor Company Limited
56
Tata Power Company Limited
Power
Dr Reddys Laboratories Limited
Pharmaceuticals & Biotechnology
Eternal Limited
62
Maruti Suzuki India Limited
Automobiles
Sun Pharmaceutical Industries Limited
Pharmaceuticals & Biotechnology
Tech Mahindra Limited
IT - Software
📋 All returns shown are for Direct-Growth plan. Data from AMC monthly portfolio disclosure.
SIP in Mahindra Manulife ELSS Tax Saver Fund - Direct Plan
If you had invested ₹10,000/month via SIP:
1 Year SIP
₹117,300
Invested: ₹1,20,000
3 Year SIP
₹397,800
Invested: ₹3,60,000
5 Year SIP
₹739,200
Invested: ₹6,00,000
Invest in Mahindra Manulife ELSS Tax Saver Fund - Direct Plan
Start SIP from ₹500/month on these platforms
Portfolio Overlap
Funds that share the most stock holdings with Mahindra Manulife ELSS Tax Saver Fund - Direct Plan.
View full overlap analysis →More ELSS Funds
About ELSS Funds
ELSS mutual funds are a category defined by SEBI (Securities and Exchange Board of India) under their mutual fund categorization framework. These funds invest primarily in equities that match the elss profile, with specific allocation mandates that fund managers must follow. The category determines the fund's risk-return characteristics and its suitability for different investor profiles.
When evaluating a ELSS fund like Mahindra Manulife ELSS Tax Saver Fund - Direct Plan, key metrics to consider include: 3-year and 5-year CAGR (rolling returns are more reliable than point-to-point), expense ratio (Direct plans have lower costs), portfolio turnover, standard deviation (volatility measure), Sharpe ratio (risk-adjusted returns), and alpha generation over benchmark. A fund that consistently beats its benchmark index over multiple market cycles is a strong candidate.
For long-term wealth creation, ELSS funds work best with a systematic investment plan (SIP) over 5+ years. SIP helps average out market volatility through rupee cost averaging. Lump sum investments are better timed during market corrections. Always ensure your mutual fund portfolio is diversified across 3-4 categories rather than concentrating in a single fund type. Consult a SEBI-registered investment advisor for personalized advice based on your financial goals and risk appetite.
Frequently Asked Questions
Is Mahindra Manulife ELSS Tax Saver Fund - Direct Plan good for SIP?
Mahindra Manulife ELSS Tax Saver Fund - Direct Plan is a ELSS fund with high risk. For SIP investors, consistency of returns matters more than absolute returns. Check the fund's rolling returns and standard deviation before committing to a SIP. ELSS funds are generally suitable for SIP with a minimum 5-year investment horizon for optimal results.
What is the risk level of this fund?
Mahindra Manulife ELSS Tax Saver Fund - Direct Plan is categorized as high risk as per SEBI's riskometer methodology. This assessment considers market cap allocation, sector concentration, and historical portfolio volatility. Higher risk funds may deliver better long-term returns but expect 20-40% drawdowns during market corrections.
How to invest in this fund?
You can invest in Mahindra Manulife ELSS Tax Saver Fund - Direct Plan (Direct-Growth plan) through platforms like Groww, Zerodha Coin, Kuvera, or directly from the AMC website. Minimum SIP amount starts at ₹500/month on most platforms. Complete KYC (PAN + Aadhaar verification) is mandatory before your first investment.
What are the tax implications?
For equity mutual funds in India: Short-term capital gains (units held less than 1 year) are taxed at 20%. Long-term capital gains (held more than 1 year) above ₹1.25 lakh in a financial year are taxed at 12.5%. ELSS funds have a mandatory 3-year lock-in period. Dividend income from mutual funds is added to your income and taxed at your applicable slab rate.