Mahindra Manulife ELSS Tax Saver Fund
NAV
₹31.22
as of 6 Oct 2026
Mahindra Manulife ELSS Tax Saver Fund is an open-ended ELSS scheme from Mahindra Manulife Mutual Fund managing ₹905 crore (as of 31 Jul 2026). Its Direct-plan NAV is ₹31.22 as of 6 Oct 2026. The expense ratio is 1.1% a year. Managed by Fatema Pacha. This page is factual data only – it carries no rating and no recommendation.
Key facts
- Expense ratio
- 1.1% / yr
- as of 31 Aug 2026
- Fund size
- ₹905 crore
- as of 31 Jul 2026
- Exit load
- None
- SIP available
- Yes
- Launched
- 18 Oct 2016
- ISIN
- INF174V01093
₹100 invested, fund vs category
The category line is the average of the funds in this category, built from nyvo’s own NAV data.
Rebased to 100data to 5 Oct 2026Benchmark: NIFTY 500 Index
Mahindra Manulife ELSS Tax Saver Fund
₹147
+47% on ₹100 over 5.0 yrs
ELSS average
₹158
+58% on ₹100 over 5.0 yrs
Returns vs category
| Window | Fund | Category avg | Gap |
|---|---|---|---|
| 3 months | -6.18% | -4.27% | -1.91 |
| 6 months | -3.21% | 7.20% | -10.41 |
| 1 year | -8.01% | -2.27% | -5.74 |
| 3 years (CAGR) | 6.86% | 10.42% | -3.56 |
| 5 years (CAGR) | 8.02% | 10.04% | -2.02 |
No category average is available for this fund. Short windows are noise; the 3 and 5-year rows are the record. Past returns do not predict future returns.
A single return number depends on its start date. These are ALL the overlapping holding periods, so the worst case is visible – read that number first.
1-year holding periods
- Worst
- -7.4%
- Median
- 8.1%
- Best
- 36.1%
49 windows over the last 60 months, stepped monthly; 82% ended positive. Worst window began 1 Oct 2025. Windows overlap – this is the range of past start dates, not a probability of anything.
3-year holding periods (per year)
- Worst
- 6.6%
- Median
- 15.6%
- Best
- 22.0%
25 windows over the last 60 months, stepped monthly; 100% ended positive. Worst window began 3 Oct 2023. Windows overlap – this is the range of past start dates, not a probability of anything.
Risk, measured
- Sharpe ratio (3Y)
- 0.30
- Sharpe ratio (5Y)
- 0.38
- Sortino ratio (3Y)
- 0.43 vs category 0.65
- Standard deviation (3Y)
- 14.02%
- Beta (3Y)
- 0.91
- Alpha (3Y)
- -1.52%
- Deepest fall (5Y)
- -15.57%
Distance below its own peak
Every dip below 0 is the fund trading under a previous high – how deep and for how long is what a drawdown feels like.
Deepest fall
-15.6%
Right now
-11.7% below peak
Ahead of its benchmark in 47% of months (window: 3y, monthly) – benchmark: NIFTY 500 Index, name shown only.
Where the money actually is
Equity
97.6%
Cash
2.4%
Whole-portfolio split, as of 31 Jul 2026.
What it owns
59 positions · top 10 = 40.7%
Market-cap mix
Large 70.9%Mid 16.9%Small 9.8%Other 2.4%
as of 31 Jul 2026
Holdings by sector
Financial Services(3 in top 10)31.8%
- ICICI Bank Ltd9.67%
- HDFC Bank Ltd7.01%
- Bajaj Finance Ltd3.89%
Consumer Cyclical(1 in top 10)16.9%
- TVS Motor Co Ltd2.47%
Industrials(1 in top 10)9.5%
- Larsen & Toubro Ltd2.84%
Technology(2 in top 10)8.6%
- Infosys Ltd2.54%
- Tata Consultancy Services Ltd2.35%
- Healthcare8.6%
Communication Services(1 in top 10)6.8%
- Bharti Airtel Ltd4.40%
Consumer Defensive(1 in top 10)6.3%
- Hindustan Unilever Ltd2.37%
Energy(1 in top 10)3.1%
- Reliance Industries Ltd3.14%
Sectors marked ▶ expand to show this fund’s top-10 holdings in that sector. Holdings as of 31 Jul 2026. Portfolio turnover 61.4% vs category 34.7% a year.
The businesses it owns
- P/E (trailing)
- 28.4 vs category 24.2
- P/B
- 3.6 vs category 3.3
- Dividend yield
- 1.1% vs category 1.1%
- Net margin
- 17.5% vs category 17.3%
- Earnings growth
- 14.0%
- Avg market cap
- ₹2.53 lakh crore
Money in, money out
- Net flow, 12 months
- −₹31 cr
- Net flow, 3 months
- −₹10 cr
as of 31 Jul 2026. Flows follow performance more than they predict it.
Quick answers
- What is the NAV of Mahindra Manulife ELSS Tax Saver Fund?
- ₹31.22 per unit as of 6 Oct 2026 (Direct plan, growth). NAV is declared daily on working days.
- What is the expense ratio of Mahindra Manulife ELSS Tax Saver Fund?
- 1.1% a year for the Direct plan, as of 31 Aug 2026.
- How large is Mahindra Manulife ELSS Tax Saver Fund?
- ₹905 crore under management as of 31 Jul 2026, in the ELSS category.
- How risky is Mahindra Manulife ELSS Tax Saver Fund?
- Its SEBI Riskometer reading is "Very High Risk". Equity with a three-year lock and a Section 80C deduction attached.
- What are the 5-year returns of Mahindra Manulife ELSS Tax Saver Fund?
- 8.02% a year over the last 5 years (Direct plan, CAGR), against a ELSS average of 10.04%. Past returns do not predict future returns.
- What is the worst 3-year return of Mahindra Manulife ELSS Tax Saver Fund?
- 6.6% a year – the weakest of 25 overlapping 3-year holding periods, beginning 3 Oct 2023. The median was 15.6% and 100% of those windows ended positive. Windows overlap, so this is the range of past start dates, not a probability.
- Who manages Mahindra Manulife ELSS Tax Saver Fund?
- Fatema Pacha, managing this fund for 5.9 years.
Where this fund sits
Its shelf, all funds
El · ELSS tax saver →
Equity with a three-year lock and a Section 80C deduction attached.
The money map
How big this shelf is in India →
The whole industry sized by real money, from AMFI’s monthly data.
Side by side
Compare this fund →
Put it next to any other fund – growth, returns, risk and cost in one table.
One bet or two?
Check its overlap →
See whether it owns the same stocks as your other funds.
Other ELSS funds
- Axis ELSS- Tax Saver Fund₹32,667 crore
- SBI ELSS Tax Saver Fund₹31,735 crore
- Mirae Asset ELSS Tax Saver Fund₹26,373 crore
- DSP ELSS Tax Saver Fund₹16,666 crore
- LIC MF ELSS Tax Saver Fund₹1,021 crore
- Baroda BNP Paribas ELSS Tax Saver Fund₹930 crore
- Union ELSS Tax Saver Fund (Formerly Union Tax Saver (ELSS) Fund₹861 crore
- PGIM India ELSS Tax Saver Fund₹718 crore
Data: nyvo research systems; each block above states its own as-of date, and blocks with no data for this fund are omitted rather than estimated. NAV updates daily on working days. The benchmark (NIFTY 500 Index) is named for reference only; its values are licensed and never shown. This page is factual information about one scheme. It is not investment advice, not a recommendation, and it carries no rating of any kind. Past performance does not predict future returns. Mutual fund investments are subject to market risks; read all scheme related documents carefully.