Mahindra Manulife ELSS Fund Direct Growth
EquityELSS (Tax Savings)Very High Risk
Direct
NAV (22-Oct-24)
₹32.15-1.67%1D
Returns (Since Inception)
15.65%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹983 Cr
Expense Ratio
0.56%
ISIN
INF174V01093
Minimum SIP
₹500
Exit Load
No Charges
Inception Date
18 Oct 2016
About this fund
Mahindra Manulife ELSS Fund Direct Growth is a ELSS (Tax Savings) mutual fund schemes offered by Mahindra Manulife Mutual Fund. This fund has been in existence for 8 years and 5 days, having been launched on 18-Oct-16.
As of 22-Oct-24, it has a Net Asset Value (NAV) of ₹32.15, Assets Under Management (AUM) of 982.74 Crores, and an expense ratio of 0.56%.
As of 22-Oct-24, it has a Net Asset Value (NAV) of ₹32.15, Assets Under Management (AUM) of 982.74 Crores, and an expense ratio of 0.56%.
- Mahindra Manulife ELSS Fund Direct Growth has given a CAGR return of 15.65% since inception.
- The fund's asset allocation comprises around 97.04% in equities, 0.00% in debts, and 2.96% in cash & cash equivalents.
- You can start investing in Mahindra Manulife ELSS Fund Direct Growth with a SIP of ₹500 or a Lumpsum investment of ₹500.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+27.91%
+35.43% (Cat Avg.)
3 Years
+15.23%
+16.20% (Cat Avg.)
5 Years
+20.86%
+20.61% (Cat Avg.)
Since Inception
+15.65%
— (Cat Avg.)
Portfolio Summaryas of 30th September 2024
| Equity | ₹953.65 Cr | 97.04% |
| Others | ₹29.08 Cr | 2.96% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| HDFC Bank Ltd | Equity | ₹90.39 Cr | 9.20% |
| ICICI Bank Ltd | Equity | ₹74.55 Cr | 7.59% |
| Infosys Ltd | Equity | ₹59.23 Cr | 6.03% |
| Reliance Industries Ltd | Equity | ₹49.07 Cr | 4.99% |
| Larsen & Toubro Ltd | Equity | ₹37.77 Cr | 3.84% |
| State Bank of India | Equity | ₹30.41 Cr | 3.09% |
| Hindustan Unilever Ltd | Equity | ₹28.4 Cr | 2.89% |
| Tata Consultancy Services Ltd | Equity | ₹28.02 Cr | 2.85% |
| Axis Bank Ltd | Equity | ₹25.26 Cr | 2.57% |
| Triparty Repo | Cash - Repurchase Agreement | ₹24.68 Cr | 2.51% |
| Voltas Ltd | Equity | ₹23.16 Cr | 2.36% |
| Shree Cement Ltd | Equity | ₹19.89 Cr | 2.02% |
| NTPC Ltd | Equity | ₹19.5 Cr | 1.98% |
| Asian Paints Ltd | Equity | ₹18.98 Cr | 1.93% |
| Britannia Industries Ltd | Equity | ₹18.38 Cr | 1.87% |
| Avenue Supermarts Ltd | Equity | ₹17.63 Cr | 1.79% |
| Tata Motors Ltd | Equity | ₹15.9 Cr | 1.62% |
| Crompton Greaves Consumer Electricals Ltd | Equity | ₹15.03 Cr | 1.53% |
| IndusInd Bank Ltd | Equity | ₹15.03 Cr | 1.53% |
| Power Grid Corp Of India Ltd | Equity | ₹14.64 Cr | 1.49% |
| Kalpataru Projects International Ltd | Equity | ₹14.55 Cr | 1.48% |
| Wipro Ltd | Equity | ₹14.35 Cr | 1.46% |
| Maruti Suzuki India Ltd | Equity | ₹13.9 Cr | 1.41% |
| Honeywell Automation India Ltd | Equity | ₹13.67 Cr | 1.39% |
| L&T Finance Ltd | Equity | ₹13.47 Cr | 1.37% |
| UNO Minda Ltd | Equity | ₹13.22 Cr | 1.35% |
| Page Industries Ltd | Equity | ₹12.87 Cr | 1.31% |
| Schaeffler India Ltd | Equity | ₹12.66 Cr | 1.29% |
| Info Edge (India) Ltd | Equity | ₹12.39 Cr | 1.26% |
| Vinati Organics Ltd | Equity | ₹12.12 Cr | 1.23% |
| Alembic Pharmaceuticals Ltd | Equity | ₹12.06 Cr | 1.23% |
| Colgate-Palmolive (India) Ltd | Equity | ₹11.98 Cr | 1.22% |
| Hindustan Petroleum Corp Ltd | Equity | ₹11.67 Cr | 1.19% |
| JK Cement Ltd | Equity | ₹11.38 Cr | 1.16% |
| Graphite India Ltd | Equity | ₹11.36 Cr | 1.16% |
| Navin Fluorine International Ltd | Equity | ₹11.25 Cr | 1.14% |
| Restaurant Brands Asia Ltd Ordinary Shares | Equity | ₹10.53 Cr | 1.07% |
| Multi Commodity Exchange of India Ltd | Equity | ₹10.44 Cr | 1.06% |
| Oil & Natural Gas Corp Ltd | Equity | ₹10.42 Cr | 1.06% |
| Bata India Ltd | Equity | ₹10.08 Cr | 1.03% |
| Manappuram Finance Ltd | Equity | ₹9.97 Cr | 1.01% |
| Delhivery Ltd | Equity | ₹9.18 Cr | 0.93% |
| Piramal Pharma Ltd | Equity | ₹9.16 Cr | 0.93% |
| Kirloskar Ferrous Industries Ltd | Equity | ₹8.66 Cr | 0.88% |
| Finolex Industries Ltd | Equity | ₹8.6 Cr | 0.88% |
| Samvardhana Motherson International Ltd | Equity | ₹8.46 Cr | 0.86% |
| Gokaldas Exports Ltd | Equity | ₹8.31 Cr | 0.85% |
| The South Indian Bank Ltd | Equity | ₹8.3 Cr | 0.84% |
| Gillette India Ltd | Equity | ₹7.95 Cr | 0.81% |
| GlaxoSmithKline Pharmaceuticals Ltd | Equity | ₹7.35 Cr | 0.75% |
| Arvind Fashions Ltd | Equity | ₹7.11 Cr | 0.72% |
| Jyoti CNC Automation Ltd | Equity | ₹6.95 Cr | 0.71% |
| CG Power & Industrial Solutions Ltd | Equity | ₹6.83 Cr | 0.70% |
| Net Receivables / (Payables) | Cash - Collateral | ₹4.4 Cr | 0.45% |
| LTIMindtree Ltd | Equity | ₹1.25 Cr | 0.13% |
Allocation By Market Cap (Equity)
Large Cap Stocks
62.22%
Mid Cap Stocks
16.26%
Small Cap Stocks
18.56%
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹277.81 Cr | 28.27% |
| Industrials | ₹140.73 Cr | 14.32% |
| Consumer Cyclical | ₹128.05 Cr | 13.03% |
| Technology | ₹102.85 Cr | 10.47% |
| Consumer Defensive | ₹84.34 Cr | 8.58% |
| Basic Materials | ₹73.6 Cr | 7.49% |
| Energy | ₹71.16 Cr | 7.24% |
| Utilities | ₹34.14 Cr | 3.47% |
| Healthcare | ₹28.56 Cr | 2.91% |
| Communication Services | ₹12.39 Cr | 1.26% |
Risk & Performance Ratios
Standard Deviation
This fund
12.53%
Cat. avg.
12.69%
Lower the better
Sharpe Ratio
This fund
0.94
Cat. avg.
1.00
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
1.89
Higher the better
Fund Managers
ML
Manish Lodha
Since December 2020
Fatema Pacha
Since October 2020
Additional Scheme Detailsas of 30th September 2024
ISIN INF174V01093 | Expense Ratio 0.56% | Exit Load No Charges | Fund Size ₹983 Cr | Age 8 years | Lumpsum Minimum ₹500 | Fund Status Open Ended Investment Company | Benchmark Nifty 500 TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
Dividend Taxation:
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar ELSS (Tax Savings) Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Tata India Tax Savings Fund Direct Growth Very High Risk | 0.7% | 0.0% | ₹4925.84 Cr | 35.0% |
| Tata India Tax Savings Fund Regular Growth Very High Risk | 1.8% | 0.0% | ₹4925.84 Cr | 33.5% |
| Axis Long Term Equity Fund Regular Growth Very High Risk | 1.5% | 0.0% | ₹39252.74 Cr | 31.0% |
| Parag Parikh Tax Saver Fund Direct Growth Very High Risk | 0.6% | 0.0% | ₹4362.18 Cr | 33.3% |
| Parag Parikh Tax Saver Fund Regular Growth Very High Risk | 1.7% | 0.0% | ₹4362.18 Cr | 31.9% |
| Shriram Long Term Equity Fund Direct Growth Very High Risk | 0.7% | 0.0% | ₹57.19 Cr | 35.0% |
| Shriram Long Term Equity Fund Regular Growth Very High Risk | 2.3% | 0.0% | ₹57.19 Cr | 32.8% |
| ITI Long Term Equity Fund Direct Growth Very High Risk | 0.5% | 0.0% | ₹411.63 Cr | 47.4% |
| ITI Long Term Equity Fund Regular Growth Very High Risk | 2.3% | 0.0% | ₹411.63 Cr | 44.7% |
| Sundaram Diversified Equity Regular Growth Very High Risk | 2.2% | 0.0% | ₹1673.99 Cr | 24.9% |
About the AMC
Mahindra Manulife Mutual Fund
Total AUM
₹18,775 Cr
Address
570 P. B. Marg, Worli, Mumbai 400018, Mumbai, 400018
Other Funds by Mahindra Manulife Mutual Fund
Risk Level
Your principal amount will be at Very High Risk
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We're here to help.
What is the current NAV of Mahindra Manulife ELSS Fund Direct Growth?
The NAV of Mahindra Manulife ELSS Fund Direct Growth, as of 22-Oct-2024, is ₹32.15.
What are the returns of Mahindra Manulife ELSS Fund Direct Growth?
The fund has generated 27.91% over the last 1 year and 15.23% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
What is the portfolio composition of Mahindra Manulife ELSS Fund Direct Growth?
The fund's allocation of assets is distributed as 97.04% in equities, 0.00% in bonds, and 2.96% in cash and cash equivalents.
Who manages the Mahindra Manulife ELSS Fund Direct Growth?
The fund managers responsible for Mahindra Manulife ELSS Fund Direct Growth are:-
- Manish Lodha
- Fatema Pacha
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
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Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.