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ELSS Tax Saver📊 NIFTY 500 TRI(SEBI default)

Mahindra Manulife ELSS Tax Saver Fund · Regular · Growth

Mahindra Manulife Mutual Fund

#32 of 39 (1Y)

NAV

₹27.1130

as of 17 Jun 2026

Expense Ratio

2.18%

AUM

₹926 Cr

Viewing Regular · Growth
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Lumpsum returns (CAGR)

1Y
-4.27%
3Y
+9.38%
5Y
+10.55%
Since Inception
+10.88%

SIP returns (XIRR)

1Y
-5.75%
3Y
+2.95%
5Y
+7.71%
Since Inception
+11.41%

SIP since inception — what ₹500/month became

Real NAV backtest from day one

₹58,000

Invested

₹98,123

Value today

10.6%

XIRR (p.a.)

500/month SIP from fund inception · Current value as of today

Try SIP Calculator with this fund's history

500 lumpsum at launch — value today

Invested on the fund's first NAV date

₹500

Invested

₹1,300

Value today

10.4%

CAGR (p.a.)

One-time investment at fund inception · Growth purely from NAV appreciation

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₹10L corpus with ₹5,000/month withdrawals since inception

Corpus is still growing despite monthly payouts

₹10,00,000

Initial corpus

₹5,80,000

Withdrawn

₹16,18,015

Corpus left

+₹11,98,015 net gain — withdrew ₹5,80,000 AND corpus grew

Plan your SWP with real NAV

₹6L corpus via 12-month STP from a liquid fund at inception

₹50K/month transferred from HDFC Liquid → this fund at launch

₹6,00,000

Invested

₹14,95,659

Value today

-4.1%

vs lumpsum

Direct lumpsum would have beaten STP by 4.1% — but STP reduced timing risk

Model your own STP with real NAV

₹1 lakh on the worst crash day — 22 Mar 2020

Worst single-day Nifty drop during this fund's life

₹1,00,000

Invested

₹3,32,547

Value today

3.3×

Multiple

Staying invested through that crash turned ₹1L into ₹3,32,547 — a 3.3× return

Read: Staying invested through crashes

Risk Metrics

Trailing 1 year, annualised

-0.42

Sharpe Ratio

-0.05

Alpha

0.47

Beta

-0.42

Sortino

13.74%

Std Dev

-15.03%

Max Drawdown

Performance Comparison

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Fund Details

Fund HouseMahindra Manulife Mutual Fund
CategoryELSS Tax Saver
BenchmarkNIFTY 500 TRI ✓
Launch Date22 Aug 2016
AMFI Code139783
Transaction facts
Min. Lumpsum₹500
Min. SIP₹500
Exit LoadAn Open-ended Equity Linked Savings Scheme with a lock-in period of 3 years. Investments in this Scheme qualify for deduction u/s 80C of the Income Tax Act

Available transactions

PurchaseSIPRedeemSWPSwitchSTPDemat

Investment Objective

Mahindra Manulife ELSS Tax Saver Fund · Regular · Growth is a tax-saving equity fund (ELSS) that offers tax deduction under Section 80C of the Income Tax Act, with a mandatory 3-year lock-in period. The fund aims to generate long-term capital appreciation while providing tax benefits of up to ₹46,800 per year.

About This Fund

Mahindra Manulife ELSS Tax Saver Fund · Regular · Growth is a ELSS Tax Saver mutual fund offered by Mahindra Manulife Mutual Fund. The fund has been operational for over 9 years. It manages assets worth ₹926 Cr, reflecting investor confidence in the fund's strategy. It benchmarks its performance against NIFTY 500 TRI. The current expense ratio is 2.18%.

Who Should Invest?

  • Investors with a high risk appetite seeking long-term wealth creation
  • Investors with an investment horizon of 5 years or more
  • Salaried individuals and taxpayers seeking to save tax under Section 80C
  • SIP investors who can benefit from rupee cost averaging during market fluctuations