Mahindra Manulife ELSS Tax Saver Fund Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV as on 23-12-2024
₹ 31.68
1D
Inception Returns
15.1%
/yr
About Mahindra Manulife ELSS Tax Saver Fund Direct Growth
Mahindra Manulife ELSS Tax Saver Fund Direct Growth is an equity fund. This fund was started on 18 October, 2016. The fund is managed by Manish Lodha, Fatema Pacha. The fund could potentially beat inflation in the long-run.
Key Parameters
- Mahindra Manulife ELSS Tax Saver Fund Direct Growth has ₹931 Cr worth of assets under management (AUM) as on Nov 2024 and is less than category average.
- The fund has an expense ratio 0.6.
Returns
Mahindra Manulife ELSS Tax Saver Fund Direct Growth has given a CAGR return of 15.06% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 17.66%, 16.84% and 19.86% respectively.
Holdings
Mahindra Manulife ELSS Tax Saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Industrial, Basic Materials, Tech, Energy, Consumer Defensive, Health, Communication, Utilities. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Reliance Industries Ltd, Infosys Ltd, Larsen & Toubro Ltd
Taxation
As it is a elss (tax savings) mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of Mahindra Manulife ELSS Tax Saver Fund Direct Growth
The investment objective of the Scheme is to generate long-term capital appreciation through a diversified portfolio of equity and equity related securities. The Scheme does not guarantee or assure any returns.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 500.00. There is a lock in period for Mahindra Manulife ELSS Tax Saver Fund Direct Growth of 3 Years
Historical NAV & Returns
Annualised
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330 people have invested ₹ 18.8L in Mahindra Manulife ELSS Tax Saver Fund Direct Growth in the last three months
INDmoney Rank for Mahindra Manulife ELSS Tax Saver Fund Direct Growth
Powered by IND quant engine
IND ranking is not available for this fund.
Beats FD returns for both 3Y & 5Y duration
No bad points found for this fund.
Mahindra Manulife ELSS Tax Saver Fund Direct Growth Overview
| Expense ratio | 0.61% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹931 Cr |
| Inception Date | 18 October, 2016 |
| Min Lumpsum/SIP | ₹500/₹500 |
| Exit Load | 0% |
| Lock In | 3 Years |
TurnOver | 83.55% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (23-Dec-24)
Fund Distribution
as on (30-Nov-24)
Large cap
64.3%
Small cap
17.5%
Mid cap
13.8%
Sector Allocation
Financial Services
32%
Consumer Cyclical
14.4%
Industrial
12.7%
Basic Materials
9%
Tech
8.9%
Energy
6.2%
Consumer Defensive
6%
Health
4%
Communication
3.5%
Utilities
3.2%
All changes are between Sep'24 and Nov'24
- This fund’s returns stands at 0.36% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.60% as on Nov'24
- This fund outperformed Nifty 500 by 0.96% in Nov'24
- AUM of the fund stands at 931.2 Cr as of Nov'24
- AUM increased by 5.8 Cr between Nov'24 and Oct'24
Top Stocks bought last month
LTIMindtree Ltd's allocation increased from 0.12% to 0.94%
Bharti Airtel Ltd's allocation increased from 1.81% to 2.5%
Cholamandalam Investment and Finance Co Ltd's allocation increased from 0.55% to 1.06%
Top Stocks sold last month
HDFC Bank Ltd's allocation decreased from 9.79 % to 9.16 %
ICICI Bank Ltd's allocation decreased from 8.7 % to 8.69 %
Reliance Industries Ltd's allocation decreased from 4.78 % to 4.61 %
Mid Cap allocation has gone up from 12.9% to 13.8%
Large Cap allocation has gone up from 63.9% to 64.3%
Small Cap allocation has gone down from 19.5% to 17.5%
Cash allocation has gone up from 3.8% to 4.3%
Top 3 Sectors in November were Financial Services, Industrial & Consumer Cyclical
Nov'24
Financial Services
32%
Consumer Cyclical
14%
Industrial
13%
Oct'24
Financial Services
33%
Industrial
14%
Consumer Cyclical
12%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 9.16% | -9% | |
 ICICI Bank Ltd | 8.69% | 0% | |
 Reliance Industries Ltd | 4.61% | 0% | |
 Infosys Ltd | 4.19% | -19.2% | |
 Larsen & Toubro Ltd | 4.11% | 0% |
See all
See all
Top Growth Drivers | 1M Return |
|---|---|
 Jyoti CNC Automation Ltd | 13.1% |
 Infosys Ltd | 6.1% |
 HDFC Bank Ltd | 3% |
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Manish Lodha
Fund Manager of Mahindra Manulife ELSS Tax Saver Fund Direct Growth, since 21 December 2020
Top funds managed
Fatema Pacha
Fund Manager of Mahindra Manulife ELSS Tax Saver Fund Direct Growth, since 16 October 2020
Top funds managed
Fund House
Mahindra Manulife Investment Management Pvt. Ltd.
Total Schemes
Total AUM
₹29.11K Cr
as on 29-Nov-2024
Address
1st Floor, Sadhana House, Behind Mahindra Tower,570 P. B. Marg, Worli, Mumbai 400018
Phone
022-66327900
Website
mfinvestors@mahindra.com
Mutual Fund Insights
Over the last 3 months, this fund has experienced a 4.3% drop in AUM moving from 972.71 Cr to 931.16 Cr.
This fund has one of the lowest expense ratio in the category (elss (tax savings)). Its expense ratio is 0.61% which is lower than the category average expense ratio of 1.28%.
In the last 3 years, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 30.66% return, outperforming this fund by 13.82% per annum.
In the last 1 year, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 53% return, outperforming this fund by 35.33%.
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 32.24% return, outperforming this fund by 12.38% per annum.
Mahindra Manulife ELSS Tax Saver Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 15.06% since inception which is less than its category average return of 15.66%
Fund Allocations
This fund has an allocation of 95.7% in Equity, 0% in Debt and 4.3% in Cash related instruments
AUM size ₹931 Cr
This fund has AUM of ₹931 Cr which is less than its category average of ₹ 3948 Cr
Expense Ratio 0.61%
This fund has an expense ratio of 0.61% which is less than its category average expense ratio of 1.45%
Frequently Asked Questions for Mahindra Manulife ELSS Tax Saver Fund Direct Growth
The current NAV of Mahindra Manulife ELSS Tax Saver Fund Direct Growth is ₹31.68 as on 23-Dec-2024.
Existing (Absolute + CAGR) as on 23-Dec-2024.
Mahindra Manulife ELSS Tax Saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.54% | 1.54% |
6 Month Returns | 0.01% | 0.01% |
1 Year Returns | 17.66% | 17.66% |
3 Years Returns | 59.51% | 16.84% |
5 Years Returns | 147.35% | 19.86% |
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0.61% as on November 2024
₹931 Cr as on November 2024
HDFC Bank Ltd(9.16%), ICICI Bank Ltd(8.69%), Reliance Industries Ltd(4.61%), Infosys Ltd(4.19%), Larsen & Toubro Ltd(4.11%) as on November 2024
Financial Services(30.64%), Consumer Cyclical(13.76%), Industrial(12.15%) as on November 2024
The alpha ratio for the Mahindra Manulife ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Mahindra Manulife ELSS Tax Saver Fund Direct Growth | -1.65 | 0.63 | 1.62 |
As on November 2024
The alpha for Mahindra Manulife ELSS Tax Saver Fund Direct Growth is calculated against S&P BSE 200 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Mahindra Manulife ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Mahindra Manulife ELSS Tax Saver Fund Direct Growth | 0.93 | 0.93 | 0.93 |
As on November 2024
The Beta for Mahindra Manulife ELSS Tax Saver Fund Direct Growth is calculated with S&P BSE 200 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Mahindra Manulife ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Mahindra Manulife ELSS Tax Saver Fund Direct Growth | 1.28 | 0.81 | 0.84 |
As on November 2024
The sharpe ratio for Mahindra Manulife ELSS Tax Saver Fund Direct Growth is calculated with S&P BSE 200 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Mahindra Manulife ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Mahindra Manulife ELSS Tax Saver Fund Direct Growth | 12.12 | 12.92 | 18.12 |
As on November 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 1.45 as on November 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Manish Lodha, Fatema Pacha are the fund managers of Mahindra Manulife ELSS Tax Saver Fund Direct Growth
The Exit load of Mahindra Manulife ELSS Tax Saver Fund Direct Growth is 0%