Primarily market-linked growth exposure
The investment objective of 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.
Investors with a long horizon who can tolerate meaningful falls in value.
Share-price volatility, valuation risk, concentration and tracking risk where applicable.
How the money may be invested
Equity and Equity related Securities*: 80% - 100%, Debt and Money Market Securities (including TREPS and Reverse Repo): 0% - 20%, * Equity related Securities shall mean equities, cumulative convertible preference shares and fully convertible debentures and bonds of companies. Investment may also be made in partly convertible issues of debentures and bonds including those issued on rights basis subject to the condition that, as far as possible, the non-convertible portion of the debentures so acquired or subscribed, shall be disinvested within a period of 12 (twelve) months. Note: For detailed Asset Allocation please refer Scheme Information Document of the Scheme available on our website www.mahindramanulife.com
- SEBI category
- ELSS
- Fund type
- An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit
- Primary benchmark
- Nifty 500 TRI Index
- Secondary benchmark
- Nifty 50 TR
Use the latest monthly portfolio
Top holdings are the largest securities currently owned by the scheme. Names and weights can change every month, so a copied list can become misleading. Open the AMC's current official portfolio or factsheet below and look for this exact fund name.
Manager and scheme tenure
- Fund manager(s)
- FM-1 Mr. Neelesh Dhamnaskar
- Manager tenure on this scheme
- Since FM-1 Managing since July 21,2026
- Role / co-management
- FM- 1 Primary
The tenure above is experience managing this scheme, not the manager's total career experience. For education, qualifications and prior roles, open the latest official AMC factsheet or manager profile below.
Latest NAV records
NAV is a per-unit accounting value. Compare returns, portfolio, risk and cost — never choose a fund only because its NAV looks low.
| Plan / option reported by AMFI | NAV | Date |
|---|---|---|
| Mahindra Manulife ELSS Tax Saver Fund - Direct Plan - Growth | ₹32.6871 | 04 Sep 2026 |
| Mahindra Manulife ELSS Tax Saver Fund - Direct Plan - IDCW | ₹20.5806 | 04 Sep 2026 |
| Mahindra Manulife ELSS Tax Saver Fund - Regular Plan - Growth | ₹27.3967 | 04 Sep 2026 |
| Mahindra Manulife ELSS Tax Saver Fund - Regular Plan - IDCW | ₹16.2225 | 04 Sep 2026 |
What you pay and how money moves
- Stated expense ratio
- Regular 2.17%, Direct 0.61%
- Exit load
- Nil
- Minimum application
- 500 · multiples of 500
- SIP frequency
- SIP - Weekly / Monthly / Quarterly, SWP - Monthly / Quarterly / Half-Yearly / Annual, STP - Daily / Weekly / Monthly / Quarterly
- Minimum SIP amount
- SIP - Weekly: 500; Monthly: 500; Quarterly: 1500, SWP - Monthly: 500; Quarterly: 500, STP - Daily / Weekly / Monthly: 500; Quarterly: 1500
- Minimum instalments
- SIP - Weekly / Monthly - 6, Quarterly - 4, SWP - Monthly, Quarterly, Half-Yearly & Annual - 2, STP - Daily, Weekly & Monthly - 6, Quarterly - 4
How a mutual-fund investment is paid
- Complete KYCIdentity, PAN, bank and contact verification are required.
- Choose route and optionUnderstand direct vs regular and growth vs IDCW before selecting.
- Choose SIP or lump sumSIP uses an automated mandate; lump sum is a one-time payment.
- Receive units at applicable NAVCut-off time, cleared funds and scheme rules determine the applicable NAV.
- Review, do not chaseTrack goal fit, risk, manager/mandate changes, costs and portfolio — not daily noise.
Download and verify at source
The packaged Scheme Summary PDF is the official AMFI file, unchanged. Live AMC links are included for time-sensitive factsheets, top holdings and portfolios.
Source verification date: 06 September 2026. If a live document differs from this page, rely on the newer official document.