Mahindra Manulife ELSS Tax Saver Fund - Regular Plan - Growth

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

Category : ELSS

Fund House : Mahindra Manulife Mutual Fund

Scheme Objective

To generate long-term capital appreciation through a diversified portfolio of equity and equity related securities.

Scheme Details

Fund manager(s) – Fatema Pacha , Manish Lodha
Launch date – 18-Oct-2016
Expense ratio – 2.16% as declared on 31-Jul-2025 (category average is 1.9%)
Benchmark - Nifty 500 TRI

Min SIP amount - ₹500
Min investment amount (one time- first time) - ₹500
Min investment amount (addtional purchase) - ₹500
Type : Open Ended Fund. You can invest any time in this fund.

Exit Load

Data not available.

Asset Monitor

Total AUM for this Scheme (Cr)

Category Total AUM (Cr)

% of Assets in Category

2025

941.27

0.00

0.00%

Aug - 2025	941.27	0.00%
Jul - 2025	952.81	0.00%
Jun - 2025	979.66	0.00%
May - 2025	949.88	0.00%
Apr - 2025	923.62	0.00%
Mar - 2025	895.31	0.00%
Feb - 2025	839.23	0.00%
Jan - 2025	895.53	0.00%

2024

919.38

0.00

0.00%

Dec - 2024	919.38	0.00	0.00%
Nov - 2024	931.16	0.00	0.00%
Oct - 2024	925.33	0.00	0.00%
Sep - 2024	982.74	0.00	0.00%
Aug - 2024	972.71	0.00	0.00%
Jul - 2024	969.11	0.00	0.00%
Jun - 2024	923.25	0.00	0.00%
May - 2024	866.79	225918.37	0.38%
Apr - 2024	858.41	224447.92	0.38%
Mar - 2024	817.72	215733.68	0.38%
Feb - 2024	790.44	211315.08	0.37%
Jan - 2024	781.44	206353.50	0.38%

2023

756.34

202269.65

0.37%

Dec - 2023	756.34	202269.65	0.37%
Nov - 2023	702.63	189848.40	0.37%
Oct - 2023	658.73	176832.72	0.37%
Sep - 2023	678.77	181500.96	0.37%
Aug - 2023	656.14	177892.68	0.37%
Jul - 2023	649.21	178192.13	0.36%
Jun - 2023	624.79	172211.10	0.36%
May - 2023	591.92	164815.48	0.36%
Apr - 2023	566.87	158904.44	0.36%
Mar - 2023	542.86	151907.17	0.36%
Feb - 2023	525.18	150529.10	0.35%
Jan - 2023	521.45	151722.94	0.34%

2022

524.30

155162.38

0.34%

Dec - 2022	524.30	155162.38	0.34%
Nov - 2022	534.42	159241.35	0.34%
Oct - 2022	517.39	155754.86	0.33%
Sep - 2022	494.41	149928.78	0.33%
Aug - 2022	506.65	154084.09	0.33%
Jul - 2022	485.36	148373.94	0.33%
Jun - 2022	435.37	134666.43	0.32%
May - 2022	451.85	141265.38	0.32%
Apr - 2022	461.74	146552.48	0.32%
Mar - 2022	462.77	148040.08	0.31%
Feb - 2022	425.32	141131.81	0.30%
Jan - 2022	432.01	147053.56	0.29%

2021

429.44

148232.86

0.29%

Dec - 2021	429.44	148232.86	0.29%
Nov - 2021	410.64	144753.62	0.28%
Oct - 2021	424.37	148577.02	0.29%
Sep - 2021	419.70	147829.39	0.28%
Aug - 2021	409.09	144267.68	0.28%
Jul - 2021	393.34	136960.26	0.29%
Jun - 2021	383.93	133939.01	0.29%
May - 2021	371.75	130955.85	0.28%
Apr - 2021	348.74	123640.14	0.28%
Mar - 2021	347.46	123199.95	0.28%
Feb - 2021	335.73	120899.33	0.28%
Jan - 2021	315.69	112583.71	0.28%

2020

326.33

115739.83

0.28%

Dec - 2020	326.33	115739.83	0.28%
Nov - 2020	309.92	108779.40	0.28%
Oct - 2020	290.99	97909.68	0.30%
Sep - 2020	295.86	95751.81	0.31%
Aug - 2020	303.82	96606.63	0.31%
Jul - 2020	296.88	92428.35	0.32%
Jun - 2020	282.19	87892.67	0.32%
May - 2020	264.75	81475.88	0.32%
Apr - 2020	273.00	83177.04	0.33%
Mar - 2020	240.26	72871.55	0.33%
Feb - 2020	307.96	94083.33	0.33%
Jan - 2020	324.41	98551.37	0.33%

Tax Rate

You can not sell your investments in this fund for 3 years from the purchase date. Long term capital gain tax will be applicable when you sell your investments after 3 years. Current tax rate is 12.5%, if your total long term capital gain exceeds 1.25 lakhs in a financial year. Any cess/surcharge is not included. However, you can claim a deduction on your taxable income under section 80c for your investments in this fund. (Current tax deductions are capped at 1.5 lakh per year).

Contact Details

Mahindra Manulife Investment Management Pvt. Ltd.

Unit No.204,2nd Floor,Amiti Building,Piramal Agastya Corp.Park LBS Road Kamani Junction,Kurla (W) Mumbai 400070
Tel no.: 022-66327900
Fax no.: 022-66327932
Website.: www.mahindramanulife.com

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hunch
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22 days ago

JMFLEXICAPfund regular is howing worst performance. bought at 107.693 in jly 24 and now 97.43 how to shuffle and compensate loss View more

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shravanashok
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38 days ago

need your suggestion for sbi psu fund direct growth stay or switch View more

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2 hrs ago

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  Build a Stronger Future with Secured Fixed Returns Adani Energy Solutions Limited – 2034 Bond now listed on The Fixed Income ✔️ Coupon: 8.65% p.a. ✔️ Rating: CRISIL AA+ Stable, INDIA RATING AA+ Stable ✔️ Tenor: 9 years 2 months (Maturity: Nov 13, 2034) ✔️ Private Bond | Fixed Returns | High Return | Listed Enjoy the confidence of stable, predictable returns backed by a reputed private issuer—perfect for long-term financial planning. ???? Explore on The Fixed Income : https://www.thefixedincome.com/product/dUJ1cFlnPT0=/865-adani-energy-solutions-limited-2034?utm_source=Moneycontrol&utm_medium=Forum&utm_campaign=Product_list
  
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sunny85deol
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88 days ago

Hello sir, I have been invested in these funds since 2017. Last SIP was in 2021. As their NAV have grown so I was thinking of switching to other funds with lower NAV. View more

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Progrowth Finwealth
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88 days ago

Hi Sunny, what is he period of holding and also any particular reson for withdrawl out of these two funds that have grown over a period of time View more | 1

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94 days ago

Why are the NAVs of Indian Debt Mutual Funds going down after the rate cut View more

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