Mahindra Manulife ELSS Tax Saver Fund · Regular · Growth
NAV
₹27.1130
as of 17 Jun 2026
Expense Ratio
2.18%
AUM
₹926 Cr
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%
This fund trailed its benchmark
Top performers in ELSS Tax Saver by 5Y CAGR
Motilal Oswal ELSS Tax Saver Fund · Regular · Growth
SBI ELSS Tax Saver Fund · Regular · Growth
HDFC ELSS Tax saver · Regular · Growth
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
Try Lumpsum Calculator₹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Withdrawn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 crashesRisk 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
Available transactions
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