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Mahindra Manulife ELSS Tax Saver Fund - Growth - Direct Plan has delivered CAGR and average rolling returns as follows :
1 Year | 3 Year | 5 Year | 9 Year | |
CAGR(%) | 6.64 | 12.04 | 17.38 | N/A |
Average Rolling Returns(%) | 16.20 | 14.15 | 13.90 | N/A |
The Current NAV of Mahindra Manulife ELSS Tax Saver Fund - Growth - Direct Plan is ₹29.58.
You should look for a fund with better more consistent performance track record. Funds returns likely to be fairly different than its benchmark NIFTY 500 , as Funds portfolio is somewhat different.
Mahindra Manulife ELSS Tax Saver Fund - Growth - Direct Plan fund’s expense ratio is 0.62%
The process for redemption is
The AUM of Mahindra Manulife ELSS Tax Saver Fund - Growth - Direct Plan is currently ₹896 Crores.
The Top three stocks are HDFC Bank, ICICI Bank and Reliance Industries and account for 22% of its portfolio. Top 5 and 10 stocks of fund account for 31% and 45% of fund’s portfolio respectively.
Top three sectors of Mahindra Manulife ELSS Tax Saver Fund - Growth - Direct Plan fund are BFSI, Construction & Infrastructure and FMCG accounting for 53% of the total portfolio.
Funds Portfolio Quality is Very Good. It has a large proportion of Green Stocks.Since this is a Equity - ELSS it is comparatively safer to invest in this fund. However, since it has not consistently outperformed its benchmark index on an average 3-year rolling returns basis it is not the most suitable fund for SIP.
The category of Mahindra Manulife ELSS Tax Saver Fund - Growth - Direct Plan Fund is Equity - ELSS.
Fatema Pacha and Manish Lodha manage the Mahindra Manulife ELSS Tax Saver Fund - Growth - Direct Plan Fund.
Mahindra Manulife ELSS Tax Saver Fund - Growth - Direct Plan current PE ratio is 36.50 and PB ratio is 7.12
The asset allocation of Mahindra Manulife ELSS Tax Saver Fund - Growth - Direct Plan is Stocks : 97.80%, Debt : 2.22% and Gold : 0%
The minimum SIP amount for Mahindra Manulife ELSS Tax Saver Fund - Growth - Direct Plan is ₹500.00 and minimum lumpsum is ₹500.00
The exit load for Mahindra Manulife ELSS Tax Saver Fund - Growth - Direct Plan is Nil