Data shown is for informational purposes only and does not constitute investment advice. TopFund is not SEBI-registered. Consult a SEBI-registered advisor before investing.
Mahindra Manulife ELSS Tax Saver Fund - Direct Plan -Growth
★★★★★ 3rd-party
External rating
- Source: Third-party data provider (Groww/CRISIL)
- Original rating: 2/5, displayed as-is — TopFund does not modify third-party ratings
- Refresh frequency: Whenever TopFund re-syncs this fund's data
- Limitations: The provider's own rating methodology isn't disclosed here — see the provider's own site for their criteria
TopFund Score: 51/100 · Average
How this score is calculated
- Star rating (35%)2/5
- 3Y CAGR (30%)7.39%
- Expense ratio (20%)1.05%
- AUM (15%)₹895 Cr
Not investment advice — an analytical read of public fund data. Methodology →
Mahindra Mutual Fund · Equity · ELSS
₹32.04
AUM: ₹894 Cr
NAV updated 15 days ago
Plan
Direct
Option
Growth
Risk
High
Expense Ratio
1.05%
Exit Load
Nil
Fund Manager
Ratish Varier
Inception
Oct 2016
Benchmark
NIFTY 500 Total Return Index
Sharpe Ratio
-0.74
Std Dev (1Y)
13.27%
Historical Returns (CAGR)
Annualized trailing returns computed from NAV history — past performance only, not a guarantee of future results.
1m
-4.31%
3m
+3.67%
6m
+0.57%
1y
-5.04%
3y
+7.39%
5y
+9.46%
10y
—
since inception
+12.46%
TopFund's Take on Mahindra Manulife ELSS Tax Saver Fund - Direct Plan -Growth
Mahindra Manulife ELSS Tax Saver Fund - Direct Plan -Growth sits in the middle of the pack for ELSS funds, currently carrying a 2-star rating. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 51/100.
Cost: At 1.05%, the expense ratio is roughly in line with the ELSS category average of 1.06% — cost isn't a standout factor either way for this fund.
Risk-adjusted performance: Over the trailing 1-year period, the fund shows a negative Sharpe ratio of -0.74 — over the past year, returns haven't kept pace with the volatility involved, even before accounting for the risk-free rate. Separately, annualised volatility of 13.27% is fairly typical for ELSS funds.
Who should invest: This fund is best suited to investors looking to claim the ₹1.5 lakh Section 80C tax deduction, who are comfortable with the mandatory 3-year lock-in. The High risk rating means near-term volatility should be expected — this isn't a fund to check daily.
This is an automated, data-driven analysis based on the fund's own metrics and its category peers — not personalized investment advice. Consult a SEBI-registered advisor before investing.
Sector Allocation
Asset Allocation
Fund Snapshot
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Tools & Guides for This Fund
Frequently Asked Questions about Mahindra Manulife ELSS Tax Saver Fund - Direct Plan -Growth
The current NAV (Net Asset Value) of Mahindra Manulife ELSS Tax Saver Fund - Direct Plan -Growth is ₹32.04. NAV is updated every business day after market close by AMFI.
1Y: -5.04% · 3Y CAGR: 7.39% · 5Y CAGR: 9.46%
The expense ratio of Mahindra Manulife ELSS Tax Saver Fund - Direct Plan -Growth is 1.05% per annum. This is the annual fee charged by the fund to manage your investment.
Mahindra Manulife ELSS Tax Saver Fund - Direct Plan -Growth is managed by Ratish Varier at Mahindra Mutual Fund.
Mahindra Manulife ELSS Tax Saver Fund - Direct Plan -Growth is classified as a High risk fund. It is suitable for investors with a long-term horizon of 3+ years.
Mahindra Manulife ELSS Tax Saver Fund - Direct Plan -Growth is a ELSS fund. SIP suitability depends on your investment goal and risk profile.
You can start a SIP in Mahindra Manulife ELSS Tax Saver Fund - Direct Plan -Growth with as little as ₹500 per month through most mutual fund platforms. The minimum lump sum investment is typically ₹1,000.
The Assets Under Management (AUM) of Mahindra Manulife ELSS Tax Saver Fund - Direct Plan -Growth is ₹895 crore. AUM indicates the total market value of assets managed by the fund.
* Past performance is not indicative of future results. Mutual fund investments are subject to market risks.
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