Mahindra Manulife ELSS Tax Saver Fund Regular Plan Growth

+

Equity
ELSS (Tax Savings)
Rating 3
Plan

29.19 -0.04 (-0.15%) NAV as on 19 Sep, 2024

5D
1M
6M
1Y
5Y
MAX

Key Metrics

AUM (in Cr)972.71
CAGR 29.41%
Exit Load0.00%
Expense ratio2.14%
CategoryEquity
Min Investment500
Min SIP500
Launch Date2016-10-18

Asset Allocation

Holdings As On - 20 September 2024

Holdings

Sectors

Name
Value (Cr)
Holding %

HDFC Bank
85.43
8.78%

ICICI Bank
71.99
7.40%

Infosys
61.39
6.31%

Reliance Industries
42.32
4.35%

Larsen & Toubro
35.11
3.61%

Hindustan Unilever
29.45
3.03%

State Bank Of India
28.22
2.90%

NTPC
24.81
2.55%

Axis Bank
24.10
2.48%

Peer Comparison

Fund Name
Union ELSS Tax Saver Fund Growth33.28%
Baroda BNP Paribas ELSS Tax Saver Fund Regular Plan Growth44.02%
Sundaram ELSS Tax Saver Fund Regular Plan - Growth30.49%
Mahindra Manulife ELSS Tax Saver Fund Regular Plan Growth29.41%
LIC MF ELSS Tax Saver Growth36.22%

Risk & Volitility

Alpha 0.63%
Beta 0.95
Sharpe Ratio0.86
Std Deviation 12.55%
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 Tax Saver Fund Regular Plan Growth has an AUM of 972.71 crores & has delivered CAGR of 22.14% in the last 5 years. The fund has an exit load of 0.00% and an expense ratio of 2.14%. 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 Moderate & Exceptional respectively.

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

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

Some of the similar funds are Union ELSS Tax Saver Fund Growth, Baroda BNP Paribas ELSS Tax Saver Fund Regular Plan Growth, Sundaram ELSS Tax Saver Fund Regular Plan - Growth, Mahindra Manulife ELSS Tax Saver Fund Regular Plan Growth, LIC MF ELSS Tax Saver Growth. Mahindra Manulife ELSS Tax Saver Fund Regular Plan Growth has a sharpe ratio of 0.86 & a standard deviation of 12.55%.