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Fund Overview

Fund Size

Fund Size

₹858 Cr

Expense Ratio

Expense Ratio

0.61%

ISIN

ISIN

INF174V01093

Minimum SIP

Minimum SIP

₹500

Exit Load

Exit Load

No Charges

Inception Date

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 7 years and 7 months, having been launched on 18-Oct-16.
As of 17-May-24, it has a Net Asset Value (NAV) of ₹29.97, Assets Under Management (AUM) of 858.41 Crores, and an expense ratio of 0.61%.
  • Mahindra Manulife ELSS Fund Direct Growth has given a CAGR return of 15.54% since inception.
  • The fund's asset allocation comprises around 97.40% in equities, 0.00% in debts, and 2.60% 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

+34.33%

+36.06% (Cat Avg.)

3 Years

+21.41%

+20.13% (Cat Avg.)

5 Years

+20.15%

+18.87% (Cat Avg.)

Since Inception

+15.54%

(Cat Avg.)

Portfolio Summaryas of 30th April 2024

Equity836.05 Cr97.40%
Others22.36 Cr2.60%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
HDFC Bank LtdEquity65.65 Cr7.65%
ICICI Bank LtdEquity62.19 Cr7.25%
Reliance Industries LtdEquity41.12 Cr4.79%
Infosys LtdEquity40.6 Cr4.73%
Larsen & Toubro LtdEquity28.24 Cr3.29%
State Bank of IndiaEquity25.12 Cr2.93%
Tata Consultancy Services LtdEquity25.08 Cr2.92%
IndusInd Bank LtdEquity25.05 Cr2.92%
Maruti Suzuki India LtdEquity23.17 Cr2.70%
NTPC LtdEquity21.65 Cr2.52%
Axis Bank LtdEquity19 Cr2.21%
Triparty RepoCash - Repurchase Agreement18.73 Cr2.18%
Voltas LtdEquity18.51 Cr2.16%
Britannia Industries LtdEquity16.24 Cr1.89%
Hindalco Industries LtdEquity15.47 Cr1.80%
Shree Cement LtdEquity14.09 Cr1.64%
Kalpataru Projects International LtdEquity13.76 Cr1.60%
Indus Towers Ltd Ordinary SharesEquity13.48 Cr1.57%
Hindustan Unilever LtdEquity13.16 Cr1.53%
Honeywell Automation India LtdEquity12.59 Cr1.47%
Bank of BarodaEquity12.13 Cr1.41%
Crompton Greaves Consumer Electricals LtdEquity11.91 Cr1.39%
LTIMindtree LtdEquity11.53 Cr1.34%
Piramal Pharma LtdEquity11.49 Cr1.34%
Oil & Natural Gas Corp LtdEquity11.43 Cr1.33%
UNO Minda LtdEquity11.14 Cr1.30%
Coal India LtdEquity11.02 Cr1.28%
Info Edge (India) LtdEquity10.9 Cr1.27%
CG Power & Industrial Solutions LtdEquity10.75 Cr1.25%
Asian Paints LtdEquity10.64 Cr1.24%
Schaeffler India LtdEquity10.6 Cr1.23%
Avenue Supermarts LtdEquity10.59 Cr1.23%
Tata Motors Ltd Class AEquity9.76 Cr1.14%
Wipro LtdEquity9.71 Cr1.13%
Graphite India LtdEquity9.47 Cr1.10%
The South Indian Bank LtdEquity9.46 Cr1.10%
K.P.R. Mill LtdEquity9.32 Cr1.09%
Lupin LtdEquity9.22 Cr1.07%
Colgate-Palmolive (India) LtdEquity8.9 Cr1.04%
Arvind LtdEquity8.79 Cr1.02%
Indraprastha Gas LtdEquity8.71 Cr1.02%
Kirloskar Ferrous Industries LtdEquity8.7 Cr1.01%
Restaurant Brands Asia Ltd Ordinary SharesEquity8.64 Cr1.01%
Navin Fluorine International LtdEquity8.55 Cr1.00%
Vinati Organics LtdEquity8.47 Cr0.99%
Alembic Pharmaceuticals LtdEquity8.4 Cr0.98%
L&T Finance LtdEquity8.33 Cr0.97%
Marico LtdEquity7.77 Cr0.91%
Delhivery LtdEquity7.63 Cr0.89%
DLF LtdEquity7.58 Cr0.88%
Gillette India LtdEquity7.33 Cr0.85%
Ratnamani Metals & Tubes LtdEquity7.27 Cr0.85%
Cyient LtdEquity7.23 Cr0.84%
GlaxoSmithKline Pharmaceuticals LtdEquity7.1 Cr0.83%
Mahindra Logistics LtdEquity6.73 Cr0.78%
Union Bank of IndiaEquity6.44 Cr0.75%
Thomas Cook India LtdEquity5.65 Cr0.66%
Net Receivables / (Payables)Cash3.63 Cr0.42%
ABB India LtdEquity2.62 Cr0.30%

Allocation By Market Cap (Equity)

Large Cap Stocks

62.98%

Mid Cap Stocks

21.27%

Small Cap Stocks

13.15%

Other Allocation

Equity Sector

Debt & Others

SectorAmount sortHoldings sort
Financial Services233.38 Cr27.19%
Industrials126.21 Cr14.70%
Consumer Cyclical98.97 Cr11.53%
Technology86.92 Cr10.13%
Basic Materials64.49 Cr7.51%
Consumer Defensive63.99 Cr7.45%
Energy63.57 Cr7.41%
Healthcare36.2 Cr4.22%
Utilities30.36 Cr3.54%
Communication Services24.38 Cr2.84%
Real Estate7.58 Cr0.88%

Risk & Performance Ratios

Standard Deviation

This fund

12.90%

Cat. avg.

12.86%

Lower the better

Sharpe Ratio

This fund

1.21

Cat. avg.

1.10

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

2.10

Higher the better

Fund Managers

ML

Manish Lodha

Since December 2020

Fatema Pacha

Fatema Pacha

Since October 2020

Additional Scheme Detailsas of 30th April 2024

ISININF174V01093Expense Ratio0.61%Exit LoadNo ChargesFund Size₹858 CrAge18 Oct 2016Lumpsum Minimum₹500Fund StatusOpen Ended Investment CompanyBenchmarkNifty 500 TR INR

Investment ObjectiveInvestment 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

Withdrawal within 1 year

Flat 15% tax on realised gains (STCG - short term capital gains)

Withdrawal after 1 year

10% tax on realised gains above Rs. 1 lakh per financial year (LTCG - long term capital gains)

Note: Mutual funds are subject to capital gains taxation with surcharge and cess, based on prevailing income tax rules and investor income. Taxation applies 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 nameExpense RatioExit LoadFund size
1Y
Tata India Tax Savings Fund Direct Growth

Very High Risk

0.7%0.0%₹4196.77 Cr33.7%
Tata India Tax Savings Fund Regular Growth

Very High Risk

1.8%0.0%₹4196.77 Cr32.2%
Axis Long Term Equity Fund Regular Growth

Very High Risk

1.5%0.0%₹35641.94 Cr30.8%
Parag Parikh Tax Saver Fund Direct Growth

Very High Risk

0.7%0.0%₹3360.61 Cr33.3%
Parag Parikh Tax Saver Fund Regular Growth

Very High Risk

1.8%0.0%₹3360.61 Cr31.8%
Shriram Long Term Equity Fund Direct Growth

Very High Risk

0.8%0.0%₹49.62 Cr41.2%
Shriram Long Term Equity Fund Regular Growth

Very High Risk

2.3%0.0%₹49.62 Cr38.9%
ITI Long Term Equity Fund Direct Growth

Very High Risk

0.5%0.0%₹325.14 Cr58.0%
ITI Long Term Equity Fund Regular Growth

Very High Risk

2.3%0.0%₹325.14 Cr55.1%
Sundaram Diversified Equity Regular Growth

Very High Risk

2.2%0.0%₹1602.76 Cr26.6%

About the AMC

Total AUM

₹13,599 Cr

Address

570 P. B. Marg, Worli, Mumbai 400018, Mumbai, 400018

Other Funds by Mahindra Manulife Mutual Fund

Fund nameExpense RatioExit LoadFund size
1Y
Mahindra Manulife Business Cycle Fund Direct Growth

Very High Risk

0.5%1.0%₹826.97 Cr-
Mahindra Manulife Large Cap Fund Direct Growth

Very High Risk

0.7%1.0%₹448.64 Cr34.5%
Mahindra Manulife Liquid Fund Direct Growth

Moderate Risk

0.1%0.0%₹1061.93 Cr7.4%
Mahindra Manulife ELSS Fund Direct Growth

Very High Risk

0.6%0.0%₹858.41 Cr34.3%
Mahindra Manulife Overnight Fund Direct Growth

Low Risk

0.1%0.0%₹148.27 Cr6.8%
Mahindra Manulife Asia Pacific REITs FOF Direct Growth

Very High Risk

0.4%1.0%₹21.40 Cr-5.5%
Mahindra Manulife Equity Savings Fund Direct Growth

Moderately High risk

0.8%1.0%₹485.01 Cr20.8%
Mahindra Manulife Dynamic Bond Fund Direct Growth

Moderate Risk

0.4%0.0%₹64.32 Cr7.1%
Mahindra Manulife Short Duration Fund Direct Growth

Moderate Risk

0.3%0.0%₹50.06 Cr7.3%
Mahindra Manulife Arbitrage Fund Direct Growth

Low Risk

0.4%0.0%₹70.51 Cr7.0%
Mahindra Manulife Aggressive Hybrid Fund Direct Growth

Very High Risk

0.5%1.0%₹1138.39 Cr35.2%
Mahindra Manulife Balanced Advantage Fund Direct Growth

Very High Risk

0.6%1.0%₹731.33 Cr31.1%

Risk Level

Your principal amount will be at Very High Risk

Very High Risk
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The NAV of Mahindra Manulife ELSS Fund Direct Growth, as of 17-May-2024, is ₹29.97.
The fund has generated 34.33% over the last 1 year and 21.41% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
The fund's allocation of assets is distributed as 97.40% in equities, 0.00% in bonds, and 2.60% in cash and cash equivalents.
The fund managers responsible for Mahindra Manulife ELSS Fund Direct Growth are:-
  1. Manish Lodha
  2. Fatema Pacha