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Mahindra Manulife ELSS Fund Direct -Growth
NAV as of(Aug 11, 2023)
₹ 24.53 -0.74 % 1-D Change
Returns 
14.01% p.a.
You get upto 1.6%extra returns
- Monthly SIP
Monthly SIP is not available for this fund - Lumpsum Lumpsum is not available for this fund
₹
Minimum SIP amount is ₹
₹
Minimum Lumpsum amount is ₹
This fund vs
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Scheme Details
| VRO Rating | |
| Expense ratio | 0.68% As on Jun 30, 2023 |
| Exit Load | 0% |
| AUM (Fund Size) | ₹ 649 Crs |
| Lock-in | 3 Years |
| Age | 6 yrs 11 m Since Aug 22, 2016 |
| Benchmark | NIFTY 500 TRI |
| Min. Investment | SIP ₹500 & Lumpsum ₹1000 |
About Mahindra Manulife ELSS Fund
Mahindra Manulife ELSS Fund Direct -Growth is a ELSS mutual fund scheme from Mahindra Manulife Mutual Fund. This fund has been in existence for 6 yrs 11 m, having been launched on 22/08/2016. Mahindra Manulife ELSS Fund Direct -Growth has ₹649 Crores worth of assets under management (AUM) as on 30/06/2023 and is small fund of its category. The fund has an expense ratio of 0.68%, which is less than what most other Elss funds charge.
.....- Mahindra Manulife ELSS Fund Direct -Growth returns of last 1-year are 15.27%. Since launch, it has delivered 14.07% average annual returns. The fund has doubled the money invested in it every 3 yrs.
- Mahindra Manulife ELSS Fund Direct -Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is above average.
- The fund has the majority of its money invested in Financial, Capital Goods, Technology, Materials, Unclassified sectors. It has taken less exposure in Financial, Capital Goods sectors compared to other funds in the category.
- The fund's top 5 holdings are in HDFC Bank Ltd., ICICI Bank Ltd., Reliance Industries Ltd., Infosys Ltd., Axis Bank Ltd..
Investment Returns Calculator
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| Total value | Profit | ||
|---|---|---|---|
This fund | |||
Category Average | |||
Bank FD | |||
Gold |
Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.
Latest Asset & Portfolio Allocation
as on Jul 31, 2023Top Stock Holdings
Allocation by Market Cap
Large Cap 62.74%
Mid Cap 19.63%
Small Cap 15.45%
Other Cap 0%
Allocation by Sector
Financial 31.14%
Capital Goods 9.35%
Technology 8.74%
Materials 8.54%
Top Debt Holdings
Bifurcation by Holding is not available for this fund
Allocation by Credit Quality
Bifurcation by Credit Quality is not available for this fund
Allocation by Instruments
Net Receivables 1.58%
Repo 0.61%
Other Holdings
Others 0.61%
Want to know in detail about the portfolio of this fund?
Comparison with elss Funds
as on Aug 14, 2023| Fund name | Annual Return % | ||
|---|---|---|---|
| Quant Tax Plan | 25.26% | ||
| Mirae Asset Tax Saver Fund | 16.96% | ||
| Bandhan Tax Advantage (ELSS) Fund | 16.59% | ||
| Bank of India Tax Advantage Fund | 16.17% | ||
| Kotak Tax Saver Fund | 15.93% | ||
| Canara Robeco Equity Tax Saver Fund | 15.71% | ||
| Mahindra Manulife ELSS Fund | 14.77% |
Trailing Returns and Ranks
as on Aug 14, 2023| Period | Trailing returns | Category average |
|---|---|---|
| 1 month | 0.61% | 1.15% |
| 3 months | 9.61% | 9.55% |
| 6 months | 13.32% | 13.85% |
| 1 year | 14.23% | 14.07% |
| 3 years | 27.29% | 24.75% |
| 5 years | 14.77% | 13.87% |
Want to know in detail about the returns of this fund?
Riskometer
Level of Risk in the Scheme
Investors understand that their principal will be at Very High risk
Mahindra Manulife ELSS Fund
EQUITY ELSS
The Scheme seeks to generate long-term capital appreciation through a diversified portfolio of equity and equity related securities.
- Std. Dev : 14.25
- Alpha : 3.34
- Beta : 0.96
- Sharpe : 1.54
- Sortino : 3.63
Fatema Pacha
Ms. Pacha has done PGDBM (Finance) and BE (Computers)
Prior to joining MMIMPL, she was associated with ICICI Prudential Life Insurance and UTI Mutual Fund.
Manish Lodha
Mr. Lodha is a Chartered Accountant and Company Secretary
Prior to joining MMIMPL, he was associated with Canara HSBC OBC Life Insurance Co Ltd, Kotak Mahindra Mutual Fund. In these roles, he was responsible for Portfolio Management, Equity Research. He has also held various positions in Finance function during his association with BOC India Ltd (Now Linde India Ltd.).
Mahindra Manulife Mutual Fund
TOTAL AUM:
₹10,262 Crs
As on Jun 30, 2023
- Phone: 022-66327900
- Address: 1st Floor -
Sadhana House,
570 - P.B. Marg, Worli,
Mumbai, 400018
Frequently Asked questions
How fund report card works
Identifying a top performing fund that consistently creates wealth can be a challenging task due to the dynamic nature of the market. Top funds often change frequently, sometimes even on a daily basis.
However, with ET Money's fund report card, it is now possible to find a fund that consistently ranks at the top and generates wealth over a long period of time. This valuable resource makes it easier to navigate the complex and constantly changing world of financial markets.
At ET Money, we have developed a smart ranking system for funds based on their consistency. We believe that consistently performing at the top of a category is more important than just occasionally ranking highly. To evaluate the consistency of a fund, we have identified two key parameters: "consistency of returns" and "protection from volatility." We assess these parameters by analyzing the strong performance and low volatility of a fund over a prolonged period of time. To arrive at a rating for these parameters, we carefully consider the track record of a fund in terms of both performance and volatility.
In our ranking methodology, we prioritize funds that consistently perform well over those that fluctuate in their performance. To ensure stability in our rankings, we analyzed data for a minimum of five years, rather than just a year or two. We also placed a greater emphasis on recent performance, as it tends to have a greater impact on momentum. This allows us to capture the full potential of recent momentum in our rankings.
How are the returns of Mahindra Manulife ELSS Fund ?
The Mahindra Manulife ELSS Fund is a 6 yrs 11 m old fund and has delivered average annual returns of 14.01% since inception.
Mahindra Manulife ELSS Fund Returns
| 1-Year | 3-Year | 5-Year | Since Inception |
|---|---|---|---|
| 14.23% | 27.29% | 14.77% | 14.01% |
What is the current NAV of Mahindra Manulife ELSS Fund?
NAV or Net Asset Value is the per-unit price of the Mutual Fund. The NAV of a Mutual Fund changes every day. It is calculated by taking the current value of the holdings of the fund at end of the day, subtracting the expenses, and dividing the value by the number of units issued to date.
The NAV of Mahindra Manulife ELSS Fund for Aug 11, 2023 is 24.53.
Should I invest in Mahindra Manulife ELSS Fund?
Mahindra Manulife ELSS Fund has an ET Money Rank of # 6 of 31 and a consistency rating of 4.
This indicates the fund has generated average returns. However, whatever returns the fund delivers, it does so with exceptional consistency. You can consider this fund if the predictability of returns is what you are looking for
How do I invest in Mahindra Manulife ELSS Fund?
On ET Money, Investing in Mahindra Manulife ELSS Fund is fast, easy, and 100% paperless. And it takes only minutes. Here is what you need to do -
- Click on the Invest Now Button present on the top right-hand side.
- Enter your email id, select whether you want to do a one-time investment or start a SIP and add the amount
- Provide few more details needed including the bank account from which you will be making the payment and confirm.
- That's it. Your SIP or one-time investment in Mahindra Manulife ELSS Fund is done.
How much does Mahindra Manulife ELSS Fund charge as expense ratio?
The Expense Ratio of a Mutual Fund is the annual charges you pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio is a percentage of Assets Under Management (AUM) and is taken from the returns generated by the fund. For this reason, a fund with a lower expense ratio is always better because a smaller part of the returns will be taken and that means more returns for you.
The Expense Ratio of the direct plan of Mahindra Manulife ELSS Fund is 0.68%. .
How can I redeem my investments in Mahindra Manulife ELSS Fund?
Redeeming your investments in Mahindra Manulife ELSS Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.
If you have invested in Mahindra Manulife ELSS Fund from anywhere else, you can go to the fund house website and put a request through it.
What is the AUM or size of Mahindra Manulife ELSS Fund?
AUM or Asset Under Management is the total value of the assets held by a Mutual Fund scheme. For instance, for an equity Mutual Fund, the AUM will be the total value of its portfolio's equity shares (plus any other asset it might have invested in). The AUM of the fund changes every day because the price of the underlying asset fluctuates daily. However, the Mutual Fund company doesn't update it every day. It is updated only at the end of the month and released within few days of the next month.
The AUM of the fund is a good indicator of its popularity. A fund with a high AUM means a lot of money has been invested in it, and investors like it. However, the AUM should never be the primary criteria while selecting a fund. There are funds with huge AUMs that continue to perform well despite their size.
The AUM of Mahindra Manulife ELSS Fund is ₹649 Crs.
What are the top stock holdings of Mahindra Manulife ELSS Fund?
The Mahindra Manulife ELSS Fund has invested the majority of its money in the stocks of the following companies -
| Company | Percentage of Portfolio |
|---|---|
| HDFC Bank Ltd. | 8.9% |
| ICICI Bank Ltd. | 7.29% |
| Reliance Industries Ltd. | 5.27% |
| Infosys Ltd. | 5.09% |
| Axis Bank Ltd. | 4.26% |
| Tata Consultancy Services Ltd. | 3.12% |
| Bajaj Finance Ltd. | 2.91% |
| Maruti Suzuki India Ltd. | 2.63% |
| Larsen & Toubro Ltd. | 2.6% |
| National Thermal Power Corp. Ltd. | 2.14% |
What are the top sectors Mahindra Manulife ELSS Fund has invested in?
The Mahindra Manulife ELSS Fund has primarily invested in the following sectors
| Sector | Percentage of Portfolio |
|---|---|
| Financial | 31.14% |
| Capital Goods | 9.35% |
| Technology | 8.74% |
| Materials | 8.54% |
| Unclassified | 5.27% |
| Automobile | 5.06% |
| Healthcare | 4.99% |
| Construction | 4.88% |
| Consumer Staples | 4.42% |
| Metals & Mining | 3.48% |