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Mahindra Manulife Elss Tax Saver Fund Direct-idcw
Equity
Large Cap
Very High Risk
Latest AUM
₹ 884.2 Cr.
NAV as on 03 aug, 2026
₹ 21.23
+20.58%
3 years annulised
This Fund
Fund Details
Fund Names
Mahindra Manulife Elss Tax Saver Fund Direct-idcw
Inception Date
18 Oct 2016
Lock In
1095
SIP Minimum Investment amount
₹500
SWP Minimum Investment amount
₹500
STP Minimum Investment amount
₹500
Risk
Principal at very high risk
Portfolio Composition Analysis
Equity
97.52%
Debt
0.02%
Cash
2.46%
Portfolio Updated on: 09 Jul, 2026
Sector Allocations
Equity
Financial
Technology
Consumer Discretionary
Energy & Utilities
Industrials
Consumer Staples
Materials
Healthcare
Real Estate
Portfolio Updated on: 03 aug, 2026
Top 10 Holdings
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| ICICI Bank Ltd | Financial | Equity | 9.48% |
| ICICI Bank Ltd | Financial | Equity | 9.48% |
| HDFC Bank Ltd | Financial | Equity | 8.33% |
| HDFC Bank Ltd | Financial | Equity | 7.96% |
| HDFC Bank Ltd | Financial | Equity | 7.96% |
| ICICI Bank Ltd | Financial | Equity | 8.66% |
| HDFC Bank Ltd | Financial | Equity | 7.89% |
| HDFC Bank Ltd | Financial | Equity | 8.14% |
| ICICI Bank Ltd | Financial | Equity | 8.83% |
| HDFC Bank Ltd | Financial | Equity | 7.89% |
Debt & Credit Risk Analysis
| Alpha | -1.00% |
| Beta | 0.90% |
| R2 | 0.96% |
| Sharpe Ratio | 0.36% |
| Standard Deviation | 14.01% |
| Sortino Ratio | 0.47% |
Returns Analysis
| Tenure | Absolute | Annualised | Category Average |
|---|---|---|---|
| 3 Months | 4.96% | NA | 4.24% |
| 6 Months | -0.88% | NA | 14.52% |
| 9 Months | -1.67% | NA | 4.01% |
| 1 Year | 2.18% | 2.18% | -0.98% |
| 2 Years | 1.65% | 0.82% | 18.41% |
| 3 Years | 38.17% | 11.38% | 19.38% |
| 5 Years | 74.90% | 11.83% | 26.51% |
| 7 Years | 196.02% | 16.77% | NA |
Mahindra Manulife Elss Tax Saver Fund Direct-idcw is one Equity mutual fund offered by Mahindra Manulife Mutual Fund. Launched on 18 Oct 2016, the fund aims Long term capital appreciation. Investment predominantly in equity and equity related securities. It manages assets worth ₹884.2 crore as on Tue Jun 30, 2026. The expense ratio stands at 1.09%.
Manish Lodha has experience Prior to joining Mahindra Manulife Mutual Fund, he was associated with Canara HSBC OBC Life Insurance Co Ltd, Kotak Mahindra Mutual Fund. In these roles, he was responsible for Portfolio Management, Equity Research. He has also held various positions in Finance function during his association with BOC India Ltd (Now Linde India Ltd.).
Fatema Pacha has experience Prior to joining Mahindra Manulife Mutual Fund, she was associated with ICICI Prudential Life Insurance and UTI Mutual Fund.
Top Performing Mutual Funds
growth is based on 1-month returns of the funds & Top fund are based on 3Y Returns
More Funds from Mahindra Manulife Mutual Fund
| Fund name | |||||||
|---|---|---|---|---|---|---|---|
| Mahindra Manulife Elss Tax Saver Fund Regular-growth | 884.2 | +3.03% | +4.55% | -1.60% | +0.65% | +9.66% | +10.04% |
| Mahindra Manulife Elss Tax Saver Fund Direct-growth | 884.2 | +3.16% | +4.96% | -0.88% | +2.18% | +11.38% | +11.83% |
| Mahindra Manulife Elss Tax Saver Fund Regular-idcw | 884.2 | +3.03% | +4.55% | -1.60% | +0.65% | +9.66% | +10.04% |
growth is based on 1-month returns of the funds
Top Mutual Funds
| Fund name | |||||||
|---|---|---|---|---|---|---|---|
| Axis Elss Tax Saver Fund-growth | 31,869.3 | +3.61% | +7.49% | +3.56% | +4.82% | +12.13% | +7.52% |
| Axis Elss Tax Saver Direct Plan-growth | 31,869.3 | +3.67% | +7.69% | +3.93% | +5.58% | +12.95% | +8.34% |
| Axis Elss Tax Saver Direct Plan-idcw | 31,869.3 | +3.67% | +7.69% | +3.93% | +5.58% | +12.95% | +8.34% |
| Axis Elss Tax Saver Fund-idcw | 31,869.3 | +3.61% | +7.49% | +3.56% | +4.82% | +12.13% | +7.52% |
| SBI Elss Tax Saver Fund Direct-growth | 31,839.3 | +1.30% | +4.14% | -0.21% | +4.05% | +17.55% | +16.82% |
| SBI Elss Tax Saver Fund Regular-growth | 31,839.3 | +1.25% | +3.97% | -0.53% | +3.39% | +16.78% | +16.06% |
| SBI Elss Tax Saver Fund Regular-idcw | 31,839.3 | +1.25% | +3.97% | -0.53% | +3.39% | +16.78% | +16.06% |
| SBI Elss Tax Saver Fund Direct Plan-idcw | 31,839.3 | +1.30% | +4.14% | -0.21% | +4.05% | +17.55% | +16.82% |
| Mirae Asset Elss Tax Saver Fund Direct-growth | 26,049.1 | +1.64% | +7.22% | +2.97% | +8.07% | +15.01% | +13.07% |
| Mirae Asset Elss Tax Saver Fund Regular-growth | 26,049.1 | +1.56% | +6.95% | +2.48% | +7.03% | +13.90% | +11.89% |
Top funds are based on Fund AUM
Top Equity Funds
| Fund name | ||||
|---|---|---|---|---|
| Sundaram Long Term Tax Advantage Fund Series Iv Direct-growth | ₹37.99 | +16.52% | +18.20% | — |
| Sundaram Long Term Tax Advantage Fund Series Iv Direct-idcw | ₹34.91 | +16.52% | +18.20% | — |
| Sundaram Long Term Tax Advantage Fund Series Iii Direct-growth | ₹33.04 | +16.29% | +17.99% | — |
| Sundaram Long Term Tax Advantage Fund Series Iii Direct-idcw | ₹31.45 | +16.29% | +17.99% | — |
| Sundaram Long Term Tax Advantage Fund Series Iv Regular-growth | ₹37.18 | +16.28% | +17.96% | — |
| Sundaram Long Term Tax Advantage Fund Series Iv Regular-idcw | ₹34.12 | +16.28% | +17.96% | — |
| Sundaram Long Term Tax Advantage Fund Series Iii Regular-growth | ₹31.93 | +16.03% | +17.72% | — |
| Sundaram Long Term Tax Advantage Fund Series Iii Regular-idcw | ₹30.35 | +16.03% | +17.72% | — |
| Motilal Oswal Elss Tax Saver Fund Direct-growth | ₹63.90 | +22.44% | +17.43% | — |
| Motilal Oswal Elss Tax Saver Fund Direct-idcw | ₹39.50 | +22.44% | +17.43% | — |
growth is based on 5Y returns of the funds
Historical NAV
| Date | NAV |
|---|---|
| 03 Aug 2026 | ₹21.23 |
| 31 Jul 2026 | ₹20.90 |
| 30 Jul 2026 | ₹20.84 |
| 29 Jul 2026 | ₹20.83 |
| 28 Jul 2026 | ₹20.57 |
| 27 Jul 2026 | ₹20.57 |
| 24 Jul 2026 | ₹20.32 |
| 23 Jul 2026 | ₹20.39 |
| 22 Jul 2026 | ₹20.54 |
| 21 Jul 2026 | ₹20.75 |
| 20 Jul 2026 | ₹20.72 |
| 17 Jul 2026 | ₹20.74 |
| 16 Jul 2026 | ₹20.64 |
| 15 Jul 2026 | ₹20.62 |
| 14 Jul 2026 | ₹20.54 |
| 13 Jul 2026 | ₹20.68 |
| 10 Jul 2026 | ₹20.66 |
| 09 Jul 2026 | ₹20.46 |
| 08 Jul 2026 | ₹20.32 |
| 07 Jul 2026 | ₹20.73 |
| 06 Jul 2026 | ₹20.73 |
| 03 Jul 2026 | ₹20.58 |
| 02 Jul 2026 | ₹20.55 |
| 01 Jul 2026 | ₹20.38 |
| 30 Jun 2026 | ₹20.30 |
| 29 Jun 2026 | ₹20.28 |
| 25 Jun 2026 | ₹20.40 |
| 24 Jun 2026 | ₹20.38 |
| 23 Jun 2026 | ₹20.24 |
| 22 Jun 2026 | ₹20.40 |
Portfolio Updated on: 04 Aug, 2026
Fund Growth & Size Analysis
+₹884.2 Cr
Since Launch
This Fund
Category Average
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Mahindra Manulife Elss Tax Saver Fund Direct-idcw Returns Comparison
Compare Mahindra Manulife Elss Tax Saver Fund Direct-idcw with any MF,
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Jan 1, 2026 – Feb 1, 2026
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Mahindra Manulife Elss Tax Saver Fund Direct-idcw FAQ'S
- Sharpe Ratio: 0.36%
- Standard Deviation: 14.01%
- Beta: 0.90%
- Alpha: -1.00%
- R-squared: 0.96%
- Information Ratio: -0.54%
- Sortino Ratio: 0.47%
Additional important ratios:
As of Tue Jun 30, 2026, the total assets managed under Mahindra Manulife Elss Tax Saver Fund Direct-idcw stand at approximately ₹ 884.2 crore.
The Mahindra Manulife Elss Tax Saver Fund Direct-idcw has delivered the following short-term performance:
- 3 Months Return: 4.96%
The historical growth of the Mahindra Manulife Elss Tax Saver Fund Direct-idcw is reflected through its CAGR returns:
- 3 Year CAGR: 11.38%
- 5 Year CAGR: 11.83%
- Return Since Launch: 13.21%
The portfolio of Mahindra Manulife Elss Tax Saver Fund Direct-idcw is distributed across different asset classes as follows:
- Equity: 97.52%
- Debt Instruments: 0.02%
- Other Assets: 2.46%
The Mahindra Manulife Elss Tax Saver Fund Direct-idcw is managed by Fatema Pacha, representing Mahindra Manulife Mutual Fund.
The Mahindra Manulife Elss Tax Saver Fund Direct-idcw investments are allocated across market caps in the following manner:
- Large Cap Stocks: 72.34%
- Mid Cap Stocks: 17.50%
- Small Cap Stocks: 10.16%
Top stock holdings of Mahindra Manulife Elss Tax Saver Fund Direct-idcw include:
- ICICI Bank Ltd – represents 9.48% of the portfolio
- ICICI Bank Ltd – represents 9.48% of the portfolio
- HDFC Bank Ltd – represents 8.33% of the portfolio
- HDFC Bank Ltd – represents 7.96% of the portfolio
- HDFC Bank Ltd – represents 7.96% of the portfolio
- ICICI Bank Ltd – represents 8.66% of the portfolio
- HDFC Bank Ltd – represents 7.89% of the portfolio
- HDFC Bank Ltd – represents 8.14% of the portfolio
- ICICI Bank Ltd – represents 8.83% of the portfolio
- HDFC Bank Ltd – represents 7.89% of the portfolio
Major sector exposures in Mahindra Manulife Elss Tax Saver Fund Direct-idcw are:
- Financial – accounts for 418.03% of the portfolio
- Technology – accounts for 198.93% of the portfolio
- Consumer Discretionary – accounts for 122.38% of the portfolio
- Energy & Utilities – accounts for 100.91% of the portfolio
- Industrials – accounts for 72.65% of the portfolio
