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 #51 of 57 in category.
Fund basics
| Category | Equity: ELSS |
|---|
| NAV | ₹25.62 (as of 2026-10-22) |
|---|
| AUM | ₹829 Cr |
|---|
| Expense ratio | 1.99% |
|---|
| Riskometer | Very High |
|---|
| Fund manager | Hemang Kapasi |
|---|
| Exit load | 0 |
|---|
Performance & risk
| 5-year annualised return | 6.68% |
|---|
| Sharpe ratio | 0.04 |
|---|
| Standard deviation | 14.55% |
|---|
| Max drawdown | −38.55% |
|---|
| Alpha | -3.03 |
|---|
| Beta | 0.91 |
|---|
Over 5 years, captured 89.5% of Nifty 500's upside and 98.0% of its downside.
Market cap allocation
| Large cap | 71.8% |
|---|
| Mid cap | 17.4% |
|---|
| Small cap | 10.8% |
|---|
Concentration
| Top 5 holdings | 27.4% |
|---|
| Top 10 holdings | 40.3% |
|---|
| Total holdings | 54 |
|---|
| Index overlap | 39.9% |
|---|
| Active share | 60.1% |
|---|
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) | −12.3% | Q4 (Bottom) | #49 of 52 |
| 2025 | 7.5% | Q1 (Top) | #10 of 51 |
| 2024 | 12.3% | Q4 (Bottom) | #44 of 51 |
| 2023 | 25.8% | Q3 | #34 of 48 |
| 2022 | 2.0% | Q3 | #27 of 43 |