Mahindra Manulife ELSS Fund Regular Plan Growth

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Equity
ELSS (Tax Savings)
Rating 3
Plan

23.28 -0.03 (-0.12%) NAV as on 07 Dec, 2023

5D
1M
6M
1Y
5Y
MAX

Key Metrics

AUM (in Cr)656.14
CAGR 18.11%
Exit Load0.00%
Expense ratio2.27%
CategoryEquity
Min Investment500
Min SIP500
Launch Date2016-10-18

Asset Allocation

Holdings As On - 09 December 2023

Holdings

Sectors

Name
Value (Cr)
Holding %

HDFC Bank
56.24
8.54%

ICICI Bank
43.72
6.64%

Reliance Industries
33.90
5.15%

Infosys
33.37
5.06%

Bajaj Finance
20.38
3.09%

Axis Bank
19.36
2.94%

NTPC
15.00
2.28%

Maruti Suzuki India
14.84
2.25%

Hindalco Industries
12.64
1.92%

Peer Comparison

Fund Name
Union Tax saver (ELSS) Fund Growth20.05%
Mahindra Manulife ELSS Fund Regular Plan Growth18.11%
PGIM India ELSS Tax Saver Fund Regular Growth14.48%
SBI Long Term Advantage Fund Series V Regular Plan Growth12.03%
Edelweiss Long Term Equity Growth18.01%

Risk & Volitility

Alpha 0.63%
Beta 0.95
Sharpe Ratio1.32
Std Deviation 14.25%
Tracking Error 4.54%

About Fund

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.

The Mahindra Manulife ELSS Fund Regular Plan Growth has an AUM of 656.14 crores & has delivered CAGR of 16.16% in the last 5 years. The fund has an exit load of 0.00% and an expense ratio of 2.27%. The minimum investment in Mahindra Manulife ELSS Fund Regular Plan Growth is Rs 500 and the minimum SIP is Rs 500.

As per morningstar the risk & return rating of the fund are Moderate & Exceptional respectively.

The top holdings of the fund include HDFC Bank, ICICI Bank, Reliance Industries & Infosys.

The major sectors where the fund is invested are Regional Banks, Software & Programming, Construction Services & Oil & Gas Operations.

Some of the similar funds are Union Tax saver (ELSS) Fund Growth, Mahindra Manulife ELSS Fund Regular Plan Growth, PGIM India ELSS Tax Saver Fund Regular Growth, SBI Long Term Advantage Fund Series V Regular Plan Growth, Edelweiss Long Term Equity Growth. Mahindra Manulife ELSS Fund Regular Plan Growth has a sharpe ratio of 1.32 & a standard deviation of 14.25%.