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InvestVerdict

Mahindra Manulife ELSS Tax Saver Fund

Direct Plan · IDCW · ELSS (Tax Saving) · Scheme code 139782

NAV₹19.5068as on 30 Oct 2026
Fund houseMahindra Manulife Mutual Fund
CategoryELSS (Tax Saving)
Plan & optionDirect · IDCW
History9.9 years

Returns (%)

 1M3M6M1Y3Y5Y7Y10YLaunch
This scheme 0.245.35-7.85 -6.404.104.14 10.36—7.73
Nifty 500
benchmark		 0.874.312.15 5.2012.4911.41 ——15.49
ELSS (Tax Saving)
category median		 ——— -6.5611.359.71 —12.76—

Over a year annualised (CAGR), under a year absolute. Computed from AMFI's published NAV history for this scheme.

Risk

 VolatilitySharpeSortinoBetaAlphaMax fallR²
This scheme 15.9% -0.15 -0.19 0.97 -8.27% -38.6% 87.16
Nifty 500
benchmark		 15.2%0.39 0.58—— -37.3%—

Risk-free rate 6.5%. Beta, alpha and R² are regressed on the 36 months this scheme and its benchmark share.

Growth of ₹100 since launch

7013219425620182020202220242026InvestVerdict

Drawdown from peak (%)

0%-13%-25%-38%20182020202220242026

Every one-year period it has lived through

WindowsWorstMedianBestPeriods that lost money
2,184 -29.9% 4.1% 84.3% 37%

Every one-year holding period in this scheme's history, not just the last one — the spread a real investor would have met depending only on when they started.

How it behaves against its benchmark

Up captureDown captureCorrelation Tracking errorInformation ratioTreynor
78% 113% 0.93 5.7% -1.48 -2.62

Up capture is how much of the benchmark's gain this scheme kept in the months the benchmark rose; down capture, how much of its fall it took. Below 100 on the down side and above it on the up side is the combination every fund is trying for and few reach. Measured over the 36 months this scheme and Nifty 500 share.

InvestVerdict

Mahindra Manulife ELSS Tax Saver Fund

Direct Plan · IDCW

Allocation

By asset

Equity94.65%
Cash & Equivalents5.33%

By market cap

Large Cap68.57%
Mid Cap17.25%
Small Cap10.04%
Unclassified0.02%

Concentration

Number of stocks54
Top 5 stocks27.43%
Top 10 stocks40.27%
Top 20 stocks59.26%
Lines in the filing58
Largest holding9.24%
Largest sectorBanks 23.70%
Effective stocks34.8
Sectors held25
Cash5.33%

Effective stocks is what the concentration works out to: a fund holding 54 names but most of its money in a few behaves like a fund of 35. Cash includes repo and TREPS, which every fund parks money in overnight.

Sector split

Banks — 23.7%Retailing — 7.9%Automobiles — 7.1%Pharmaceuticals & Biotechnology — 7.0%Finance — 5.7%Cash & Equivalents — 5.3%IT - Software — 5.3%Telecom - Services — 5.3%Consumer Durables — 4.6%Other — 28.2%Banks23.7%Retailing7.9%Automobiles7.1%Pharmaceuticals & Biotech…7.0%Finance5.7%Cash & Equivalents5.3%IT - Software5.3%Telecom - Services5.3%Consumer Durables4.6%Other28.2%
Banks23.70%
Retailing7.85%
Automobiles7.05%
Pharmaceuticals & Biotechnology7.04%
Finance5.67%
Cash & Equivalents5.33%
IT - Software5.26%
Telecom - Services5.25%
Consumer Durables4.62%
Petroleum Products3.11%
Construction2.96%
Diversified FMCG2.31%
Healthcare Services2.21%
Auto Components2.06%
Chemicals & Petrochemicals2.00%
Industrial Products1.97%
Power1.52%
Electrical Equipment1.48%
Transport Services1.38%
Realty1.14%
InvestVerdict

Mahindra Manulife ELSS Tax Saver Fund

Direct Plan · IDCW · holdings

Top 30 holdings

#CompanySectorShares held Value
₹ cr		% of fund
1 ICICI Bank Limited Banks 579,320 77 9.24%
2 HDFC Bank Limited Banks 847,000 60 7.24%
3 Triparty Repo Unclassified — 44 5.36%
4 Bharti Airtel Limited Telecom - Services 202,000 35 4.28%
5 Bajaj Finance Ltd Finance 308,000 30 3.56%
6 Reliance Industries Limited Petroleum Products 217,500 26 3.11%
7 Larsen & Toubro Limited Construction 65,169 25 2.96%
8 Kotak Mahindra Bank Ltd Banks 510,000 21 2.57%
9 TVS Motor Company Limited Automobiles 51,752 21 2.56%
10 Infosys Limited IT - Software 203,589 20 2.44%
11 Axis Bank Limited Banks 156,000 19 2.31%
12 Hindustan Unilever Limited Diversified FMCG 102,000 19 2.31%
13 Eternal Limited Retailing 575,000 18 2.22%
14 Maruti Suzuki India Limited Automobiles 14,900 18 2.15%
15 UNO Minda Limited Auto Components 146,000 17 2.06%
16 Avenue Supermarts Limited Retailing 45,000 17 2.06%
17 Mankind Pharma Limited Pharmaceuticals & Biotechnology 56,855 14 1.72%
18 Tech Mahindra Limited IT - Software 93,000 14 1.71%
19 Titan Company Limited Consumer Durables 29,200 13 1.62%
20 Sun Pharmaceutical Industries Limited Pharmaceuticals & Biotechnology 73,000 13 1.60%
21 Info Edge India Ltd Retailing 104,594 13 1.54%
22 Tata Power Company Limited Power 352,000 13 1.52%
23 Neuland Laboratories Limited Pharmaceuticals & Biotechnology 5,534 12 1.43%
24 IndusInd Bank Limited Banks 131,934 12 1.43%
25 InterGlobe Aviation Limited Transport Services 23,000 11 1.38%
26 Eicher Motors Limited Automobiles 15,000 11 1.29%
27 Dr Reddys Laboratories Limited Pharmaceuticals & Biotechnology 86,000 11 1.28%
28 Dr. Lal Path Labs Limited Healthcare Services 53,133 11 1.27%
29 Trent Limited Retailing 40,000 10 1.26%
30 Shriram Finance Limited Finance 106,118 10 1.26%
InvestVerdict

Mahindra Manulife ELSS Tax Saver Fund

Direct Plan · IDCW · where the money sits

A ₹10,000 monthly SIP over five years

InvestedValueGainXIRR
₹600,000 ₹650,545 ₹50,545 3.20%

XIRR, not CAGR — a SIP's money arrives over sixty months, so each instalment has been invested for a different length of time.

Not investment advice. InvestVerdict is not a SEBI-registered Investment Adviser or Research Analyst. Every figure is computed from AMFI's published NAV history and the portfolio the AMC filed with AMFI; none of it is a recommendation to buy, hold or sell. Past returns do not predict future ones. Generated 1 Nov 2026.