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Mahindra Manulife ELSS Tax Saver Fund

Mahindra Manulife Mutual Fund

Equity › ELSS Regular plan Growth SEBI riskometer: Very High
35/100
Weak · Tradinity score
₹25.7937
-0.2067 (-0.79%)
NAV on 1 Oct 2026
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NAV history

When comparing, both lines start at 100. Tradinity's reference for the category: a total-return index (dividends reinvested). The fund's declared benchmark (Nifty 500 TRI Index) is not available to us as a series.

Returns as of 1 Oct 2026

Up to one year: absolute. Longer: annualised. Category = median of ELSS regular-plan Growth funds; index = NIFTY 500 TRI.

PeriodThis fundCategory medianNIFTY 500 TRIRank in category
1 month -6.57% -5.82% -6.32% —
3 months -5.16% -4.29% -5.14% —
6 months +0.97% +5.74% +5.07% —
1 year -8.77% -3.44% -3.80% #33 of 38 Top 87%
3 years +5.02% +8.91% +9.14% #34 of 37 Top 92%
5 years +6.69% +8.97% +8.89% #25 of 30 Top 84%
10 years — +12.03% +12.66% —
Since launch of NAV data+9.96%———

NAV high and low

WindowHighLow
1 month27.607925.7937
3 months28.294925.7937
6 months28.294925.5448
1 year29.609525.1603

A period is a dash when the fund has not existed that long or its NAV history has a hole at the start date — never a partial figure.

Calendar-year returns

202020212022202320242025YTD
This fund+14.10%+39.44%+2.01%+25.78%+12.29%+7.54%-11.76%
Category median+15.13%+33.17%+2.41%+27.37%+19.46%+4.39%-5.85%
NIFTY 500 TRI+17.89%+31.60%+4.25%+26.91%+16.24%+7.76%-7.72%

Tradinity's reference for the category: a total-return index (dividends reinvested). The fund's declared benchmark (Nifty 500 TRI Index) is not available to us as a series.

Tradinity fund score

Twenty checks of five points each: performance, portfolio, operations, and risk against reward. Only checks we have data for are counted.

35/100
Weak · based on 20 of 20 checks
Performance5/25
  • ✗ Ranks in the top quarter of its category over 1 year
  • ✗ Ranks in the top quarter of its category over 3 years
  • ✗ Ranks in the top quarter of its category over 5 years
  • ✓ Loses less than its reference index on the index's down days (downside capture 93%)
  • ✗ Keeps pace with its reference index on the index's up days (upside capture 89%)
Portfolio15/25
  • ✓ Largest holding is 10% of the fund or less (largest holding 9.9%)
  • ✗ Top ten holdings are 50% of the fund or less (top ten 56.4%)
  • ✓ Holds at least 20 stocks (115 holdings)
  • ✓ No single sector is more than 35% of the fund (diversified equity categories) (largest sector Private Banks 23.9%)
  • ✗ Portfolio P/E is at or below the category median (portfolio P/E 42.4)
Operations5/25
  • ✓ Has a track record of at least 5 years (9.9 years of NAV history)
  • ✗ Has a track record of at least 10 years
  • ✗ Expense ratio is at or below the category median (expense ratio 2.50%)
  • ✗ Fund size is above the category median (AUM Rs 795 crore)
  • ✗ Lead manager has run the fund for 3 years or more (0.0 years)
Risk and reward10/25
  • ✗ Sharpe ratio is at or above the category median
  • ✗ Sortino ratio is at or above the category median
  • ✓ Volatility is at or below the category median
  • ✓ Worst 3-year fall is no deeper than the category median
  • ✗ Jensen's alpha is positive (alpha -3.83%)

Risk and return ratios 3-year window

Risk-free rate 6.06% (3-year annualised return of the NSE 1-day (overnight) rate index). Benchmark-relative ratios use NIFTY 500 TRI. Tradinity's reference for the category: a total-return index (dividends reinvested). The fund's declared benchmark (Nifty 500 TRI Index) is not available to us as a series.

RatioThis fundCategory medianAgainst category
Sharpe ratio -0.08 0.21 Worse
Sortino ratio -0.11 0.28 Worse
Standard deviation 13.29% 14.14% Better
Maximum drawdown -16.92% -18.59% Better
Beta 0.90 0.96 —
R-squared 96.1% 93.4% —
Jensen's alpha -3.83% -0.02% Worse
Treynor ratio -1.15 3.06 Worse
Information ratio -1.39 -0.09 Worse
Upside capture 88.6% 94.8% Worse
Downside capture 92.5% 93.6% Better

SIP returns (monthly instalments, XIRR)

1 year
-13.76%
3 years
-2.70%
5 years
+4.43%

What if you had invested?

Computed from this fund's actual NAVs. A SIP buys at the first NAV of each month and is valued at the latest NAV. Past returns do not guarantee future ones.

Portfolio as of 31 Aug 2026

Weights are % of the scheme's assets from the latest month-end disclosure available to Tradinity. Shown from the Direct plan of this fund, which holds the same portfolio. The feed carries weights only: no quantities or rupee values.

Holdings
115
Top 5 / top 10
37.3% / 56.4%
Largest holding
9.9%
Mapped to Tradinity companies
96%
Portfolio P/E
42.4
category median 38.2
Portfolio ROE
17.6%
category median 15.8%
Portfolio dividend yield
—
category median 1.60%
Largest sector
Private Banks 23.9%

Valuation ratios are weighted over the holdings we can match to a company (harmonic mean for P/E) and are withheld when they cover under half the portfolio.

Asset allocation

Equity95.87%
Cash & Equivalents4.10%
Pref Shares0.02%

Sector allocation

Click a sector to filter the holdings below (holdings map to our sector list where the company is known).

Holdings

Export CSV
HoldingSectorWeight3M changeP/E
ICICI Bank Limited Financial Services 9.90% 0.42 pp —
ICICI Bank Limited Financial Services 9.90% — —
HDFC Bank Limited Financial Services 6.71% -0.93 pp —
HDFC Bank Limited Financial Services 6.71% — —
Bharti Airtel Ltd Telecommunication 4.09% -0.14 pp 68.2
Bharti Airtel Limited Telecommunication 4.09% — 68.2
Triparty Repo — 3.88% — —
Triparty Repo — 3.88% 2.48 pp —
Bajaj Finance Ltd Financial Services 3.64% — —
Bajaj Finance Ltd Financial Services 3.64% 0.14 pp —
Reliance Industries Ltd Oil, Gas & Consumable Fuels 3.10% -0.08 pp 40.9
Reliance Industries Limited Oil, Gas & Consumable Fuels 3.10% — 40.9
Larsen & Toubro Limited Construction 2.95% — 71.1
Larsen and Toubro Ltd Construction 2.95% -0.11 pp 71.1
Infosys Limited Information Technology 2.58% — 13.8
Infosys Limited Information Technology 2.58% -0.29 pp 13.8
TVS Motor Company Limited Automobile and Auto Components 2.51% — 47.7
Kotak Mahindra Bank Ltd Financial Services 2.39% 0.13 pp —
Kotak Mahindra Bank Ltd Financial Services 2.39% — —
Axis Bank Limited Financial Services 2.27% — —
Axis Bank Limited Financial Services 2.27% -0.11 pp —
Maruti Suzuki India Limited Automobile and Auto Components 2.26% — 25.8
Maruti Suzuki India Ltd Automobile and Auto Components 2.26% -0.12 pp 25.8
Hindustan Unilever Ltd Fast Moving Consumer Goods 2.24% 0.01 pp 39.8
Hindustan Unilever Limited Fast Moving Consumer Goods 2.24% — 39.8
Eternal Limited Consumer Services 2.11% — 111.0
Eternal Limited Consumer Services 2.11% 0.39 pp 111.0
UNO Minda Ltd Automobile and Auto Components 2.08% 0.29 pp 67.4
UNO Minda Limited Automobile and Auto Components 2.08% — 67.4
Avenue Supermarts Ltd Consumer Services 1.96% -0.07 pp 69.7
Avenue Supermarts Limited Consumer Services 1.96% — 69.7
IndusInd Bank Limited Financial Services 1.84% — —
IndusInd Bank Limited Financial Services 1.84% 0.15 pp —
Tech Mahindra Limited Information Technology 1.69% 0.21 pp 39.4
Tech Mahindra Limited Information Technology 1.69% — 39.4
Titan Company Limited Consumer Durables 1.67% — 76.3
Titan Company Ltd Consumer Durables 1.67% 0.21 pp 76.3
Sun Pharmaceutical Industries Limited Healthcare 1.62% — 143.5
Sun Pharmaceutical Industries Ltd Healthcare 1.62% 0.08 pp 143.5
Neuland Laboratories Limited Healthcare 1.54% 0.28 pp 56.5
Mankind Pharma Limited Healthcare 1.54% — 46.9
Neuland Laboratories Limited Healthcare 1.54% — 56.5
Mankind Pharma Ltd Healthcare 1.54% -0.10 pp 46.9
Info Edge (India) Ltd Consumer Services 1.53% 0.38 pp 14.1
Info Edge India Ltd Consumer Services 1.53% — 14.1
Tata Power Company Limited Power 1.37% — 127.8
Tata Power Company Ltd Power 1.37% -0.17 pp 127.8
InterGlobe Aviation Limited Services 1.35% — —
Interglobe Aviation Ltd Services 1.35% -0.05 pp —
Eicher Motors Ltd Automobile and Auto Components 1.33% 0.13 pp 36.8
Eicher Motors Limited Automobile and Auto Components 1.33% — 36.8
Shriram Finance Limited Financial Services 1.32% — —
Tata Capital Limited Financial Services 1.32% — —
Tata Capital Ltd Financial Services 1.32% -0.01 pp —
Shriram Finance Limited Financial Services 1.32% 0.07 pp —
Godrej Properties Ltd Realty 1.31% 0.08 pp 136.4
Godrej Properties Limited Realty 1.31% — 136.4
Trent Limited Consumer Services 1.29% — 48.3
Trent Ltd Consumer Services 1.29% -0.20 pp 48.3
LTM Ltd Information Technology 1.15% 0.24 pp 24.4
Dr. Lal Path Labs Limited Healthcare 1.15% — 38.4
LTM Limited Information Technology 1.15% — 24.4
Dr. Lal PathLabs Ltd Healthcare 1.15% 0.16 pp 38.4
Dr Reddys Laboratories Limited Healthcare 1.11% — 150.9
Dr. Reddy's Laboratories Limited Healthcare 1.11% -0.44 pp 150.9
LG Electronics India Ltd Consumer Durables 1.09% 0.08 pp 65.9
LG Electronics India Ltd Consumer Durables 1.09% — 65.9
Hindustan Aeronautics Ltd Capital Goods 1.07% 0.08 pp 33.7
Nestle India Ltd Fast Moving Consumer Goods 1.07% 0.05 pp 64.8
Hindustan Aeronautics Limited Capital Goods 1.07% — 33.7
Nestle India Limited Fast Moving Consumer Goods 1.07% — 64.8
Tata Motors Passenger Vehicles Ltd Automobile and Auto Components 1.06% -0.16 pp 1,697.9
Tata Motors Passenger Vehicles Limited Automobile and Auto Components 1.06% — 1,697.9
Aarti Industries Ltd Chemicals 1.05% 0.12 pp 32.6
Aarti Industries Limited Chemicals 1.05% — 32.6
JK Cement Limited Construction Materials 1.05% — 38.8
J K Cement Ltd Construction Materials 1.05% -0.08 pp 38.8
Fortis Healthcare Limited Healthcare 1.03% — 255.5
GlaxoSmithKline Pharmaceuticals Limited Healthcare 1.03% — 43.8
Fortis Healthcare Ltd Healthcare 1.03% -0.07 pp 255.5
GlaxoSmithKline Pharmaceuticals Ltd Healthcare 1.03% 0.19 pp 43.8
L&T Finance Ltd Financial Services 1.00% 0.02 pp —
L&T Finance Limited Financial Services 1.00% — —
Grindwell Norton Limited Capital Goods 0.98% — 51.2
Grindwell Norton Ltd Capital Goods 0.98% -0.08 pp 51.2
Doms Industries Limited Fast Moving Consumer Goods 0.96% — 61.0
Doms Industries Ltd Fast Moving Consumer Goods 0.96% -0.04 pp 61.0
Crompton Greaves Consumer Electricals Limited Consumer Durables 0.95% -0.17 pp —
Crompton Greaves Consumer Electricals Limited Consumer Durables 0.95% — —
Indus Towers Ltd Telecommunication 0.93% -0.02 pp 14.0
Indus Towers Limited Telecommunication 0.93% — 14.0
Jubilant Ingrevia Ltd Chemicals 0.92% 0.08 pp 30.0
Voltas Ltd Consumer Durables 0.92% -0.08 pp 84.0
Jubilant Ingrevia Limited Chemicals 0.92% — 30.0
Marico Limited Fast Moving Consumer Goods 0.92% — 62.5
Voltas Limited Consumer Durables 0.92% — 84.0
Marico Limited Fast Moving Consumer Goods 0.92% -0.03 pp 62.5
Elgi Equipments Ltd Capital Goods 0.89% 0.03 pp 52.6
Elgi Equipments Limited Capital Goods 0.89% — 52.6
HDFC Life Insurance Company Ltd Financial Services 0.85% -0.06 pp —
HDFC Life Insurance Company Limited Financial Services 0.85% — —
Arvind Fashions Ltd Consumer Services 0.83% -0.04 pp 582.2
Arvind Fashions Limited Consumer Services 0.83% — 582.2
Suzlon Energy Limited Capital Goods 0.80% — 13.1
Suzlon Energy Limited Capital Goods 0.80% -0.20 pp 13.1
Bandhan Bank Ltd Financial Services 0.77% -0.20 pp —
Bandhan Bank Limited Financial Services 0.77% — —
CG Power and Industrial Solutions Limited Capital Goods 0.77% — 99.7
CG Power and Industrial Solutions Limited Capital Goods 0.77% -0.04 pp 99.7
Net Receivables / (Payables) — 0.24% — —
Net Receivables / (Payables) — 0.21% -0.84 pp —
TVS Motor Company Limited — 0.02% 0.00 pp —
6% TVS Motor Company Limited ** — 0.02% — —
Margin placed with CCIL & ARCL — 0.02% -0.00 pp —
Margin placed with CCIL & ARCL — 0.02% — —

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Fund details

Fund houseMahindra Manulife Mutual Fund
AMFI scheme code139783
CategoryEquity › ELSS
AMFI categoryOpen Ended Schemes(Equity Schemes - ELSS- Tax Saver Fund)
Plan / optionRegular / Growth
ISININF174V01077
NAV history from19 Oct 2016
NAV points on record2,452

Cost and size

Expense ratio (regular, Sep 2026)
2.50%
category median 2.01%
Assets under management
₹795 crore
average, June-2026

Expense ratio by month: Oct 25 2.14% · Nov 25 2.14% · Dec 25 2.14% · Jan 26 2.16% · Feb 26 2.18% · Mar 26 2.24% · Apr 26 2.24% · May 26 2.26% · Jun 26 2.59% · Jul 26 2.64% · Aug 26 2.55% · Sep 26 2.50%

From the scheme information document

Benchmark
Nifty 500 TRI Index
Nifty 50 TR
SEBI riskometer
Very High
Registrar
Computer Age Management Services Limited (CAMS)
Minimum investment
500
Minimum additional
500
SIP
SIP - Weekly: 500; Monthly: 500; Quarterly: 1500, SWP - Monthly: 500; Quarterly: 500, STP - Daily / Weekly / Monthly: 500; Quarterly: 1500
Fund manager(s)
FM-1 Mr. Hemang Kapasi, FM-2 Mr. Neelesh Dhamnaskar
earliest start on record 25 Sep 2026

Exit load

Nil

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.

Scheme information document

Fund house: website · factsheets · monthly portfolio · annual report

Not available: Morningstar rating (proprietary). "NAV history from" is the first NAV we hold.

Other plans of this fund

Returns are computed by Tradinity from each scheme's own published NAV, so they are net of the fund's expenses. Periods over one year are annualised (CAGR). Past performance does not indicate future returns. Only Growth-option schemes are ranked: an IDCW scheme pays cash out of its NAV, so its NAV understates what an investor earned.