Previously Known As : Mahindra Manulife Elss Fund
Mahindra Manulife Elss Tax Saver Fund Datagrid
Category ELSS (Tax Saving) Fund
BMSMONEY Rank 18
Rating
Growth Option 27-01-2026
NAV ₹28.0(R) +0.28% ₹33.11(D) +0.3%
Returns 1Y 3Y 5Y 7Y 10Y
Lumpsum Regular 9.61% 14.41% 15.37% 14.51% -%
Direct 11.32% 16.23% 17.26% 16.42% -%
Nifty 500 TRI 10.21% 16.44% 15.78% 15.65% 15.12%
SIP (XIRR) Regular 1.63% 8.44% 11.21% 13.85% -%
Direct 3.24% 10.21% 13.06% 15.77% -%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
0.74 0.37 0.57 0.08% 0.1
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
11.71% -15.42% -16.11% 0.88 8.46%
Fund AUM As on: 30/12/2025 972 Cr
Top ELSS (Tax Saving) Fund
Fund Name Rank Rating
Hdfc Taxsaver 1
Sbi Long Term Equity Fund 2
DSP ELSS Tax Saver Fund 3
Mirae Asset ELSS Tax Saver Fund 4
Baroda BNP Paribas ELSS Tax Saver Fund 5
Whiteoak Capital Elss Tax Saver Fund 6
ICICI Prudential ELSS Tax Saver Fund 7
Edelweiss ELSS Tax saver Fund 8

NAV Date: 27-01-2026

Scheme Name NAV Rupee Change Percent Change
Mahindra Manulife ELSS Tax Saver Fund - Regular Plan - IDCW 18.14
0.0500
0.2800%
Mahindra Manulife ELSS Tax Saver Fund- Direct Plan - IDCW 22.41
0.0700
0.3000%
Mahindra Manulife ELSS Tax Saver Fund- Regular Plan - Growth 28.0
0.0800
0.2800%
Mahindra Manulife ELSS Tax Saver Fund - Direct Plan -Growth 33.11
0.1000
0.3000%

Review Date: 27-01-2026

Beginning of Analysis

In the ELSS (Tax Saving) Fund category, Mahindra Manulife ELSS Tax Saver Fund is the 19th ranked fund. The category has total 35 funds. The 3 star rating shows an average past performance of the Mahindra Manulife ELSS Tax Saver Fund in ELSS (Tax Saving) Fund. The fund has a Jensen Alpha of 0.08% which is lower than the category average of 0.61%, showing poor performance. The fund has a Sharpe Ratio of 0.74 which is lower than the category average of 0.8.
The past performance of the fund may or may not be sustained in the future. The review is not investment advice nor is it a recommendation to buy or sell funds. The ranking is based on proprietary methodology developed by bmsmoney. The methodology is based on the past performance of the funds and does not guarantee future performance.
ELSS (Tax Saving) Mutual Funds are ideal for taxpayers seeking to save taxes under Section 80C while aiming for long-term wealth creation through equity investments. These funds offer a tax deduction of up to ₹1.5 lakh per financial year and have the shortest lock-in period of 3 years among all Section 80C options. However, being equity-oriented, they are subject to market risks and do not offer guaranteed returns. Investors should have a long-term investment horizon and a moderate to high risk tolerance to invest in ELSS funds. Additionally, the tax implications of long-term capital gains should be considered.

Mahindra Manulife ELSS Tax Saver Fund Return Analysis

The Mahindra Manulife ELSS Tax Saver Fund has delivered a mixed performance across various time horizons, showcasing both strengths and challenges when compared to its ELSS (Tax Saving) Fund peers and the Nifty 500 TRI benchmark. This analysis examines the fund’s returns over periods ranging from one month to ten years, alongside its Systematic Investment Plan (SIP) performance, highlighting its rankings within the ELSS (Tax Saving) Fund category and its ability to outperform or underperform the benchmark and category averages.

  • The fund has given a return of -3.65%, -3.97 and -0.04 in last one, three and six months respectively. In the same period the category average return was -3.79%, -4.95% and -1.2% respectively.
  • Mahindra Manulife ELSS Tax Saver Fund has given a return of 11.32% in last one year. In the same period the Nifty 500 TRI return was 10.21%. The fund has given 1.11% more return than the benchmark return.
  • The fund has given a return of 16.23% in last three years and rank 25th out of 37 funds in the category. In the same period the Nifty 500 TRI return was 16.44%. The fund has given 0.21% less return than the benchmark return.
  • Mahindra Manulife ELSS Tax Saver Fund has given a return of 17.26% in last five years and category average returns is 16.5% in same period. The fund ranked 12th out of 32 funds in the category. In the same period the Nifty 500 TRI return was 15.78%. The fund has given 1.48% more return than the benchmark return.
  • The fund has given a SIP return of 3.24% in last one year whereas category average SIP return is 1.5%. The fund one year return rank in the category is 14th in 40 funds
  • The fund has SIP return of 10.21% in last three years and ranks 21st in 37 funds. Hdfc Taxsaver has given the highest SIP return (15.45%) in the category in last three years.
  • The fund has SIP return of 13.06% in last five years whereas category average SIP return is 13.35%.

Mahindra Manulife ELSS Tax Saver Fund Risk Analysis

  • The fund has a standard deviation of 11.71 and semi deviation of 8.46. The category average standard deviation is 13.02 and semi deviation is 9.55.
  • The fund has a Value at Risk (VaR) of -15.42 and a maximum drawdown of -16.11. The category average VaR is -16.78 and the maximum drawdown is -17.65. The fund has a beta of 0.88 which shows that fund is less volatile than the benchmark.

Standard deviation measures the fund's return volatility and Semi deviation focuses on downside volatility. Value at Risk (VaR) is a measure of the risk of investments. Maximum Drawdown is the maximum loss from a peak to a trough of a portfolio. Beta measures the volatility of the fund compared to the benchmark. A beta of 1 indicates that the fund will move in line with the benchmark. A beta of more than 1 indicates that the fund will be more volatile than the benchmark and vice versa.


  • Very Good Performance in ELSS (Tax Saving) Fund Category
  • Good Performance in ELSS (Tax Saving) Fund Category
  • Poor Performance in ELSS (Tax Saving) Fund Category
  • Very Poor Performance in ELSS (Tax Saving) Fund Category

    • Investors beware: Mutual Fund investments are subject to market risks. Please read the scheme related documents carefully.

    Data Source: www.amfiindia.com

    SEBI Categorization


    KPIs* Fund Nifty 500 TRI Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % -3.77 -3.60
    -3.88
    		-7.16 | -1.99 21 | 39 Average
    3M Return % -4.34 -4.19
    -5.25
    		-11.47 | -1.62 18 | 39 Good
    6M Return % -0.81 0.24
    -1.80
    		-9.66 | 3.65 15 | 39 Good
    1Y Return % 9.61 10.21
    7.05
    		-2.60 | 13.36 10 | 39 Very Good
    3Y Return % 14.41 16.44
    16.01
    		6.04 | 23.28 29 | 37 Average
    5Y Return % 15.37 15.78
    15.19
    		10.02 | 20.64 15 | 32 Good
    7Y Return % 14.51 15.65
    15.14
    		10.55 | 22.05 17 | 29 Average
    1Y SIP Return % 1.63
    0.26
    		-9.95 | 8.17 16 | 39 Good
    3Y SIP Return % 8.44
    9.23
    		-2.80 | 14.72 25 | 37 Average
    5Y SIP Return % 11.21
    12.06
    		7.39 | 18.21 21 | 32 Average
    7Y SIP Return % 13.85
    14.39
    		10.47 | 19.37 19 | 29 Average
    Standard Deviation 11.71
    13.02
    		9.06 | 19.00 9 | 38 Very Good
    Semi Deviation 8.46
    9.55
    		6.49 | 14.84 10 | 38 Very Good
    Max Drawdown % -16.11
    -17.65
    		-28.24 | -9.56 14 | 38 Good
    VaR 1 Y % -15.42
    -16.78
    		-24.68 | -8.66 14 | 38 Good
    Average Drawdown % -4.78
    -6.26
    		-10.28 | -3.31 10 | 38 Very Good
    Sharpe Ratio 0.74
    0.80
    		0.14 | 1.34 24 | 38 Average
    Sterling Ratio 0.57
    0.61
    		0.22 | 0.93 23 | 38 Average
    Sortino Ratio 0.37
    0.40
    		0.09 | 0.75 22 | 38 Average
    Jensen Alpha % 0.08
    0.61
    		-9.13 | 7.26 23 | 38 Average
    Treynor Ratio 0.10
    0.11
    		0.02 | 0.18 24 | 38 Average
    Modigliani Square Measure % 16.26
    16.56
    		6.29 | 24.80 22 | 38 Average
    Alpha % -1.91
    -0.07
    		-7.94 | 8.92 27 | 38 Average
    Return data last Updated On : Jan. 27, 2026.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Dec. 31, 2025
    KPIs: Key Performance Indicators

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    KPIs* Fund Nifty 500 TRI Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % -3.65 -3.60 -3.79 -7.03 | -1.94 22 | 40 Average
    3M Return % -3.97 -4.19 -4.95 -11.20 | -1.38 16 | 40 Good
    6M Return % -0.04 0.24 -1.20 -9.01 | 4.51 16 | 40 Good
    1Y Return % 11.32 10.21 8.32 -1.26 | 14.17 10 | 40 Very Good
    3Y Return % 16.23 16.44 17.29 7.56 | 24.11 25 | 37 Average
    5Y Return % 17.26 15.78 16.50 10.88 | 21.82 12 | 32 Good
    7Y Return % 16.42 15.65 16.39 11.49 | 23.85 15 | 29 Good
    1Y SIP Return % 3.24 1.50 -8.59 | 9.99 14 | 40 Good
    3Y SIP Return % 10.21 10.49 -1.34 | 15.45 21 | 37 Average
    5Y SIP Return % 13.06 13.35 9.25 | 19.01 19 | 32 Average
    7Y SIP Return % 15.77 15.66 11.35 | 20.87 14 | 29 Good
    Standard Deviation 11.71 13.02 9.06 | 19.00 9 | 38 Very Good
    Semi Deviation 8.46 9.55 6.49 | 14.84 10 | 38 Very Good
    Max Drawdown % -16.11 -17.65 -28.24 | -9.56 14 | 38 Good
    VaR 1 Y % -15.42 -16.78 -24.68 | -8.66 14 | 38 Good
    Average Drawdown % -4.78 -6.26 -10.28 | -3.31 10 | 38 Very Good
    Sharpe Ratio 0.74 0.80 0.14 | 1.34 24 | 38 Average
    Sterling Ratio 0.57 0.61 0.22 | 0.93 23 | 38 Average
    Sortino Ratio 0.37 0.40 0.09 | 0.75 22 | 38 Average
    Jensen Alpha % 0.08 0.61 -9.13 | 7.26 23 | 38 Average
    Treynor Ratio 0.10 0.11 0.02 | 0.18 24 | 38 Average
    Modigliani Square Measure % 16.26 16.56 6.29 | 24.80 22 | 38 Average
    Alpha % -1.91 -0.07 -7.94 | 8.92 27 | 38 Average
    Return data last Updated On : Jan. 27, 2026.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Dec. 31, 2025
    KPIs: Key Performance Indicators

    Disclaimer: Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. Returns for periods above 1 year are annualised.


    Date Mahindra Manulife Elss Tax Saver Fund NAV Regular Growth Mahindra Manulife Elss Tax Saver Fund NAV Direct Growth
    27-01-2026 28.0014 33.1123
    23-01-2026 27.9233 33.0143
    22-01-2026 28.206 33.3472
    21-01-2026 28.0382 33.1473
    20-01-2026 28.1816 33.3155
    19-01-2026 28.714 33.9434
    16-01-2026 28.8843 34.1405
    14-01-2026 28.7906 34.0268
    13-01-2026 28.8541 34.1004
    12-01-2026 28.9084 34.1632
    09-01-2026 28.891 34.1382
    08-01-2026 29.1183 34.4054
    07-01-2026 29.5323 34.893
    06-01-2026 29.5258 34.884
    05-01-2026 29.5093 34.863
    02-01-2026 29.6095 34.9769
    01-01-2026 29.3087 34.6202
    31-12-2025 29.2302 34.526
    30-12-2025 29.0414 34.3016
    29-12-2025 29.099 34.3681

    Fund Launch Date: 22/Aug/2016
    Fund Category: ELSS (Tax Saving) Fund
    Investment Objective: 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.
    Fund Description: An open ended equity linked saving schemewith a statutory lock in of 3 years and tax benefit
    Fund Benchmark: Nifty 200 Total Return Index
    Source: Fund FactSheet

    Disclaimer: NO INVESTMENT ADVICE. The Content is for informational purposes only.