Mahindra Manulife ELSS Tax Saver Fund- Regular Plan - Growth
💡 Why Pick This Fund? Quantitative Strengths & Watch-outs
- Delivered positive returns in 90% of 3-year investment horizons.
- Over 10 years of operational history across different market cycles.
- Experienced a maximum drawdown of -38.5% during severe market crashes.
Key Statistics vs Category Median
Trailing Returns Comparison
| Period | Fund Return | Category Median | Difference |
|---|---|---|---|
| 1 Month | +9.09% | +7.77% | +1.32% |
| 3 Months | +0.18% | +0.19% | -0.01% |
| 6 Months | +4.43% | +5.12% | -0.69% |
| 1 Year | -3.02% | +1.89% | -4.91% |
| 3 Years CAGR | +8.78% | +11.88% | -3.10% |
| 5 Years CAGR | +7.93% | +9.96% | -2.03% |
| 7 Years CAGR | +13.17% | +13.84% | -0.67% |
| 10 Years CAGR | +10.85% | +13.83% | -2.98% |
| Since Inception | +10.80% | - | - |
📈 Monthly SIP vs Bank Fixed Deposit (FD) Replay
See how a regular monthly SIP in Mahindra Manulife ELSS Tax Saver Fund compares against a standard 7.0% p.a. Bank Fixed Deposit.
Calendar Year Returns
| Year | Fund | Category Median | Gap |
|---|---|---|---|
| 2026 | -3.73% | +1.20% | -4.93% |
| 2025 | +7.54% | +3.57% | +3.97% |
| 2024 | +12.29% | +19.98% | -7.69% |
| 2023 | +25.78% | +27.84% | -2.06% |
| 2022 | +2.01% | +2.11% | -0.10% |
| 2021 | +39.44% | +32.16% | +7.28% |
| 2020 | +14.10% | +17.88% | -3.78% |
| 2019 | +4.51% | +9.89% | -5.38% |
| 2018 | -9.79% | -6.42% | -3.37% |
| 2017 | +24.78% | +37.59% | -12.81% |
Daily Rolling Returns Summary
| Rolling Window | Minimum | Average | Median | Maximum | % Positive | % Beating Proxy |
|---|---|---|---|---|---|---|
| 1-Year Rolling | -30.65% | +12.32% | +6.64% | +91.78% | 73.0% | 41.1% |
| 3-Year Rolling | -10.40% | +13.44% | +14.76% | +33.33% | 90.2% | 35.9% |
| 5-Year Rolling | +5.85% | +14.61% | +13.78% | +27.57% | 100.0% | 27.9% |
Risk Profile & Deepest Drawdowns
Deepest Market Corrections (Depth >= 10%)
| Peak Date | Trough Date | Fall Depth | Months to Bottom | Recovery Period |
|---|---|---|---|---|
| 2018-01-09 | 2020-03-23 | -38.5% | 26 months | 8 months |
| 2022-01-17 | 2022-06-17 | -18.2% | 5 months | 5 months |
| 2024-09-26 | 2025-02-28 | -16.9% | 5 months | Not yet recovered |
Portfolio & Asset Allocation
Statutory Asset Allocation Mandate (SEBI / SID)
| Instrument Category | Permitted Allocation Range |
|---|---|
| Equity and Equity related Securities* | 80% - 100%, Money Market Instruments / other liquid instruments@: 0% - 20%, *Equity Related Instruments shall mean equities, cumulative convertible preference shares and fully convertible debentures and bonds of companies. Investment may also be made in partly convertible issues of debentures and bonds including those issued on rights basis subject to the condition that, as far as possible, the non-convertible portion of the debentures so acquired or subscribed, shall be disinvested within a period of 12 (twelve)@other liquid instruments shall include cash, bank deposits with Scheduled Commercial Banks, Government Securities, Treasury bills, Repo on Government securities and any other instruments as specified by SEBI from time to time. As per Clause 13.18 of SEBI Master Circular, the cumulative gross exposure through investments in equity and equity related instruments,, money market instruments, other liquid instruments, repo transactions and other permitted securities/ assets and such other securities/assets as may be permitted by the SEBI from time to time shall not exceed 100% of the net assets of the scheme. months. Note: For detailed Asset Allocation please refer Scheme Information Document of the Scheme available on our website www.mahindramanulife.com |
Investment Objective & Strategy
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.
ℹ️ Detailed monthly stock-level holdings for this scheme are updated periodically from asset management company statutory disclosures.
Fund Size Position
Currently managing Rs 892 cr (AMFI Daily Fund AUM as of 2026-11-11). Positioned as comfortable relative to ELSS schemes.
Fund Management
Cost & Capital Gains Taxation
From April 2026 the total expense ratio includes brokerage, transaction costs and statutory levies on top of the base fee.
Equity-oriented schemes: 20% short-term capital gains tax if sold within 12 months; 12.5% long-term capital gains tax on gains exceeding ₹1.25 lakh per financial year when held for more than 12 months.
Closest ELSS Peers by Rank
| Scheme | Score | 3Y Return | Expense | Downside | Fund Size | Compare |
|---|---|---|---|---|---|---|
| Groww ELSS Tax Saver Fund formerly known as Indiabulls Tax Savings Fund | 2.7 | +9.08% | 2.87% | 105.4% | Rs 52.5 cr | Compare → |
| UTI ELSS Tax Saver Fund | 2.9 | +8.67% | 1.94% | 102.8% | Rs 3,472 cr | Compare → |
| Parag Parikh ELSS Tax Saver Fund | 6.0 | +8.96% | 1.83% | 69.4% | Rs 5,773 cr | Compare → |
| NJ ELSS Tax Saver Fund | 3.1 | +6.51% | 2.54% | 105.0% | Rs 338 cr | Compare → |
| Sundaram ELSS Tax Saver Fund | 4.6 | +9.27% | - | 93.2% | Rs 1,287 cr | Compare → |
Frequently Asked Questions about Mahindra Manulife ELSS Tax Saver Fund
What is the expense ratio of Mahindra Manulife ELSS Tax Saver Fund?
Mahindra Manulife ELSS Tax Saver Fund has a total expense ratio (TER) of 2.49% with a base expense ratio of 1.97%, compared to the ELSS category median of 2.34%.
Who manages Mahindra Manulife ELSS Tax Saver Fund?
Mahindra Manulife ELSS Tax Saver Fund is managed by Fatema Pacha (tenure: 6.1 years since 2020-10-16).
What are the historical returns of Mahindra Manulife ELSS Tax Saver Fund?
Mahindra Manulife ELSS Tax Saver Fund delivered a 3-year CAGR of 8.78% and a 5-year CAGR of 7.93%. Its 1-year return stands at -3.02%.
How large is Mahindra Manulife ELSS Tax Saver Fund?
Mahindra Manulife ELSS Tax Saver Fund manages assets of Rs 892 cr, placing it in the 'comfortable' size band relative to ELSS peers.
How is Mahindra Manulife ELSS Tax Saver Fund scored on MFIQ?
Mahindra Manulife ELSS Tax Saver Fund holds an MFIQ Score of 2.6/10 (Weak), based on a category percentile composite across returns, risk, consistency, and cost.
How risky is Mahindra Manulife ELSS Tax Saver Fund?
Mahindra Manulife ELSS Tax Saver Fund has an official SEBI riskometer rating of Very High. Over the analyzed period, its annualized standard deviation is 13.41% with a maximum historical drawdown of -38.55%.