Mahindra Manulife ELSS Tax Saver Fund Regular Plan Growth

• Alpha 0.63%
• Beta 0.95
• Sharpe Ratio0.32
• Std Deviation 13.73%
• Tracking Error 4.54%

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 Tax Saver Fund Regular Plan Growth has an AUM of 827.84 crores & has delivered CAGR of 12.86% in the last 5 years. The fund has an exit load of 0.00% and an expense ratio of 2.18%. The minimum investment in Mahindra Manulife ELSS Tax Saver 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 Medium & High respectively.

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

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

Some of the similar funds are Baroda BNP Paribas ELSS Tax Saver Fund Regular Plan Growth, Edelweiss ELSS Tax saver Growth, Union ELSS Tax Saver Fund Growth, Mahindra Manulife ELSS Tax Saver Fund Regular Plan Growth, PGIM India ELSS Tax Saver Fund Regular Growth. Mahindra Manulife ELSS Tax Saver Fund Regular Plan Growth has a sharpe ratio of 0.32 & a standard deviation of 13.73%.