Mahindra Manulife ELSS Tax Saver Fund Direct Plan Growth
Very High Risk
Elss
4 Star
₹32.67
3.69%1D Change
14.79%p.a.
Very High Risk
Elss
4 Star
₹32.67
3.69%1D Change
14.79%p.a.
Mahindra Manulife ELSS Tax Saver Fund Direct Plan Growth
₹32.67
3.69%1D
14.79%p.a.
Save up to Rs 46,800 in taxes every year.
Highest returns compared to other 80C investments.
Lowest lock-in of 3 years
| Tax Saving FD | PPF | ELSS | |
|---|---|---|---|
| Average Annualised Returns i | 6% | 8% | 12% |
| Tax rates i | 30% | Not taxable | 10%* |
| Returns after tax i | 4.2% | 8.00% | 10.80% |
| Current rate of Inflation i | 4% | 4% | 4% |
| Real Rate of Return i | 0.2% | 4.00% | 6.80% |
| Lock-in Period i | 5 years | 15 years | 3 years |
Returns calculator
Investment Type
Fund overview
- Rating4 Star
- Expense ratio0.63%
- Exit Load0% within 0 days
- AUM (Fund size)₹923.62 Crore
- Lock-in period3 years
- Age8 yrs since Oct 18, 2016
- Min. investmentSIP ₹500 & Lump. ₹500
- RiskVery High
- Short-term capital gains (STCG)Returns taxed at 20% if you redeem before 1 year
- Long-term capital gains (LTCG)After 1 year, pay tax of 12.5% on returns of ₹1.25 lakh+ in a financial year
Fund Distribution
| Holding Name | Assets (%) |
|---|---|
| HDFC Bank Ltd | 9.3% |
| ICICI Bank Ltd | 8.89% |
| Reliance Industries Ltd | 5.59% |
| Axis Bank Ltd | 4.04% |
| Larsen & Toubro Ltd | 3.72% |
Peer Comparison
| Fund Name | AUM (In Crs.) | NAV | Risk |
|---|---|---|---|
| DSP ELSS Tax Saver Fund D... | ₹ 12,086 Cr | ₹104.46 | 0.83% | Very High |
| Canara Robeco ELSS Tax Sa... | ₹ 8,516 Cr | ₹189.73 | 3.42% | Very High |
| SBI Long Term Equity Fund... | ₹ 28,506 Cr | ₹457.97 | 3.33% | Very High |
| Axis ELSS Tax Saver Fund ... | ₹ 34,950 Cr | ₹106.19 | 3.47% | Very High |
NAV History - Mahindra Manulife ELSS Kar Bachat Yojana - Direct - Growth
FUND | Mahindra Manulife ELSS Kar Bachat Yojana - Direct - Growth |
|---|---|
| NAV (May 12, 2025) | ₹32.67 |
| Class | ELSS | ELSS |
| Inception Date | Oct 18, 2016 |
| Fund Manager | Manish Lodha, Fatema Pacha |
FUND | Mahindra Manulife ELSS Kar Bachat Yojana - Direct - Growth |
|---|---|
| Initial Price | ₹10 |
| Min. Investment Amount | SIP ₹500 and Lump. ₹500 |
| Exit Load | 0% within 0 days |
Returns | 1W | 1M | 3M | 6M | 1Y | 3Y |
|---|---|---|---|---|---|---|
| Mahindra Manulife EL... | 1.82% | 8.76% | 8.77% | 3.55% | 11.88% | 20.69% |
About Mahindra Manulife Investment Management Pvt. Ltd.
A joint venture between Manulife Investment Management (Singapore) Pte. Ltd and Mahindra & Mahindra Financial Services Limited resulted in the incorporation of Mahindra Manulife Mutual Fund. The fund house intends to provide a wide range of investment solutions for investors spread across India, with the primary focus being on semi-urban areas.
Mahindra Manulife Investment Management Pvt. Ltd. Details
- No. of schemes27
- Total AUM₹5,271.07 Crore
- Address1st Floor, Sadhana House, Behind Mahindra Tower, 570 P. B. Marg, Worli, Mumbai 400018, Mumbai, 400018
- Phone022-66327900
Frequently Asked Questions
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