Mahindra Manulife ELSS Tax Saver Fund
The Scheme seeks to generate long-term capital appreciation through a diversified portfolio of equity and equity related securities.
Growthvine rating: 1/5 — ranked #36 of 39 in category.
Fund basics
| Category | Equity: ELSS |
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| NAV | ₹28.14 (as of 2026-11-11) |
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| AUM | ₹829 Cr |
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| Expense ratio | 1.99% |
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| Riskometer | Very High |
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| Fund manager | Hemang Kapasi |
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| Exit load | 0 |
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Performance & risk
| 5-year annualised return | 6.48% |
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| Sharpe ratio | 0.04 |
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| Standard deviation | 14.55% |
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| Max drawdown | −38.55% |
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| Alpha | -3.03 |
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| Beta | 0.91 |
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Over 5 years, captured 89.5% of Nifty 500's upside and 96.2% of its downside.
Market cap allocation
| Large cap | 71.8% |
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| Mid cap | 17.4% |
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| Small cap | 10.8% |
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Concentration
| Top 5 holdings | 27.4% |
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| Top 10 holdings | 40.3% |
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| Total holdings | 54 |
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| Index overlap | 39.9% |
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| Active share | 60.1% |
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Top holdings
- ICICI Bank Ltd. — 9.2%
- HDFC Bank Ltd. — 7.2%
- Triparty Repo — 5.4%
- Bharti Airtel Ltd. — 4.3%
- Bajaj Finance Limited — 3.6%
- Reliance Industries Ltd — 3.1%
- Larsen & Toubro Limited — 3.0%
- Kotak Mahindra Bank Ltd. — 2.6%
- TVS Motor Company Ltd. — 2.6%
- Infosys Ltd — 2.4%
Top sectors
- Banking & Financial — 23.7%
- Automobile — 9.1%
- Retail — 9.0%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | −3.7% | Q4 (Bottom) | #36 of 39 |
| 2025 | 7.5% | Q1 (Top) | #9 of 38 |
| 2024 | 12.3% | Q4 (Bottom) | #34 of 38 |
| 2023 | 25.8% | Q3 | #24 of 35 |
| 2022 | 2.0% | Q3 | #18 of 30 |