SEBI Reg. Investment Advisor

Download App
Help Center Pricing
Money Works 4 Me Logo MoneyWorks4Me
Login Get Free Account
Sign Up

MoneyWorks4Me

Log In Sign Up Schedule Free 15‑min Call
Login Get Free Account
Sign Up

FAQ : Mahindra Manulife ELSS Tax Saver Fund - Growth - Direct Plan

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(%) N/A 10.36 11 9.61
Average Rolling Returns(%) 14.53 14.20 15.44 11.82

The Current NAV of Mahindra Manulife ELSS Tax Saver Fund - Growth - Direct Plan is ₹32.56.

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 0.79%

The process for redemption is

  • Give a request for redemption of the number of units or the amount you want. The request will be acknowledged.
  • You will get information about the redemption and the NAV at which redeemed.
  • The amount will be deposited in the designated bank account.

The AUM of Mahindra Manulife ELSS Tax Saver Fund - Growth - Direct Plan is currently ₹828 Crores.

The Top three stocks are ICICI Bank, HDFC Bank and Reliance Industries and account for 19% of its portfolio. Top 5 and 10 stocks of fund account for 26% and 39% of fund’s portfolio respectively.

Top three sectors of Mahindra Manulife ELSS Tax Saver Fund - Growth - Direct Plan fund are BFSI, IT and Construction & Infrastructure accounting for 47% of the total portfolio.

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 Neelesh Dhamnaskar 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 33.24 and PB ratio is 6.01

The asset allocation of Mahindra Manulife ELSS Tax Saver Fund - Growth - Direct Plan is Stocks : 96.10%, Debt : 3.89% 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

2026 ©The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me® is a registered trademark of The Alchemists Ark Pvt. Ltd.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×