Which has the lower expense ratio, HDFC ELSS Tax saver - Growth Plan or Mahindra Manulife ELSS Tax Saver Fund - Direct Plan -Growth?

HDFC ELSS Tax saver - Growth Plan's expense ratio is 1.18% versus Mahindra Manulife ELSS Tax Saver Fund - Direct Plan -Growth's 1.14%. A lower expense ratio directly improves your net returns over the long term, all else being equal.

Can I invest in both HDFC ELSS Tax saver - Growth Plan and Mahindra Manulife ELSS Tax Saver Fund - Direct Plan -Growth?

Yes, but check for portfolio overlap first if both funds are in the same category — holding two funds with very similar underlying stocks reduces the diversification benefit of investing in more than one fund.

HDFC ELSS Tax saver - Growth Plan vs Mahindra Manulife ELSS Tax Saver Fund - Direct Plan -Growth

Q: HDFC ELSS Tax saver - Growth Plan vs Mahindra Manulife ELSS Tax Saver Fund - Direct Plan -Growth — which has given better returns?

HDFC ELSS Tax saver - Growth Plan has a 1-year return of -2.72% versus Mahindra Manulife ELSS Tax Saver Fund - Direct Plan -Growth's -3.47%. Compare NAV, expense ratio and star rating above before deciding, and check consistency over 3-5 years rather than a single year.

Side-by-side comparison of NAV, returns, expense ratio and star rating.

HDFC ELSS Tax saver - Growth Plan

HDFC Mutual Fund

★★★★★

Equity · ELSS

Mahindra Manulife ELSS Tax Saver Fund - Direct Plan -Growth

Mahindra Mutual Fund

★★★★★

Equity · ELSS

Metric	HDFC ELSS Tax saver - ...	Mahindra Manulife ELSS...
NAV	₹1371.19	₹32.9
Star Rating	★★★★★	★★★
Expense Ratio	1.18%	1.14%
AUM	₹15,685 Cr	₹884 Cr
1M Return	+2.0%	+2.55%
3M Return	+0.67%	+1.36%
6M Return	-4.72%	-3.76%
1Y Return	-2.72%	-3.47%
3Y CAGR	+15.42%	+10.31%
5Y CAGR	+16.39%	+11.67%
Risk Level	—	—
Fund Manager	Vinay Kulkarni	Ratish Varier

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