Investment type
Mahindra Manulife ELSS Tax Saver Fund - Direct (G) is a mutual fund under the Tax Saving Funds category, managed by Mahindra Manulife Mutual Fund. It was launched on 04 Feb 2016, and has been active for over 9 years. As of 30 Jun 2025 the fund manages assets worth ₹941 Crores. The expense ratio is 0.62%.
This fund generated returns of -1.52% in the last 1 year. Since its inception, it has provided an average annual return of 14.57%.
The fund's investments are mainly concentrated in sectors like Banks, IT-Software, Consumer Durables, Finance and Petroleum Products.
The top five holdings in this fund include prominent companies such as HDFC Bank, ICICI Bank, Reliance Industr, Infosys and Larsen & Toubro.
The scheme is to generate long-term capital appreciation through a diversified portfolio of equity and equity related securities. the Scheme does not guarantee or assure any returns.
ELSS funds carry moderate to high risk due to their equity exposure, though they also offer tax benefits.
Yes, if you want tax savings and are willing to invest in equities with a three-year lock-in period.
The minimum is three years, but staying invested longer can help maximize returns.
No, ELSS funds have a mandatory lock-in period of three years.
Expense ratios for ELSS funds can vary from 1% to 2%, which is typical for actively managed funds.
By joining our referral program, you agree to our Terms of Use
Powered by Viral Loops.
Invest as little as Re.1 in US Stocks
