Previously Known As : Mahindra Manulife Elss Fund
Mahindra Manulife Elss Tax Saver Fund Datagrid
Category ELSS (Tax Saving) Fund
BMSMONEY Rank 32
Rating
Growth Option 27-10-2026
NAV ₹25.67(R) +0.45% ₹30.7(D) +0.46%
Returns 1Y 3Y 5Y 7Y 10Y
Lumpsum Regular -12.29% 6.22% 5.95% 11.94% 9.86%
Direct -10.97% 7.87% 7.66% 13.77% 11.83%
Benchmark
SIP (XIRR) Regular -12.89% -2.77% 4.35% 8.63% 9.49%
Direct -11.59% -1.22% 6.08% 10.49% 11.38%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
0.19 0.1 0.33 -3.27% 0.03
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
13.99% -21.47% -16.11% 0.87 10.43%
Fund AUM As on: 30/12/2025 972 Cr
Top ELSS (Tax Saving) Fund
Fund Name Rank Rating
Motilal Oswal ELSS Tax Saver Fund 1
quant Elss Tax Saver Fund 2
SBI ELSS Tax Saver Fund 3
Baroda BNP Paribas ELSS Tax Saver Fund 4
HSBC Elss Tax Saver Fund 5
Whiteoak Capital Elss Tax Saver Fund 6
JM ELSS Tax Saver Fund 7
Nippon India ELSS Tax Saver Fund 8

NAV Date: 27-10-2026

Scheme Name NAV Rupee Change Percent Change
Mahindra Manulife ELSS Tax Saver Fund - Regular Plan - IDCW 15.2
0.0700
0.4500%
Mahindra Manulife ELSS Tax Saver Fund- Direct Plan - IDCW 19.33
0.0900
0.4600%
Mahindra Manulife ELSS Tax Saver Fund- Regular Plan - Growth 25.67
0.1200
0.4500%
Mahindra Manulife ELSS Tax Saver Fund - Direct Plan -Growth 30.7
0.1400
0.4600%

Review Date: 27-10-2026

Beginning of Analysis

Mahindra Manulife ELSS Tax Saver Fund is the 19th ranked fund in the ELSS (Tax Saving) Fund category. The category has total 35 funds. The Mahindra Manulife ELSS Tax Saver Fund has shown an average past performence in ELSS (Tax Saving) Fund. The fund has a Jensen Alpha of -3.27% which is lower than the category average of -0.29%, showing poor performance. The fund has a Sharpe Ratio of 0.19 which is lower than the category average of 0.38.
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 -1.71%, -6.04 and -4.95 in last one, three and six months respectively. In the same period the category average return was -2.34%, -4.99% and -2.8% respectively.
  • Mahindra Manulife ELSS Tax Saver Fund has given a return of -10.97% in last one year. In the same period the Nifty 500 TRI return was -2.0%. The fund has given 8.97% less return than the benchmark return.
  • The fund has given a return of 7.87% in last three years and rank 32nd out of thirty nine funds in the category. In the same period the Nifty 500 TRI return was 9.99%. The fund has given 2.12% less return than the benchmark return.
  • Mahindra Manulife ELSS Tax Saver Fund has given a return of 7.66% in last five years and category average returns is 9.09% in same period. The fund ranked 24th out of thirty one funds in the category. In the same period the Nifty 500 TRI return was 10.13%. The fund has given 2.47% less return than the benchmark return.
  • The fund has given a return of 11.83% in last ten years and ranked 19th out of twenty seven funds in the category. In the same period the Nifty 500 TRI return was 12.97%. The fund has given 1.14% less return than the benchmark return.
  • The fund has given a SIP return of -11.59% in last one year whereas category average SIP return is -6.79%. The fund one year return rank in the category is 36th in 41 funds
  • The fund has SIP return of -1.22% in last three years and ranks 31st in 39 funds. Motilal Oswal ELSS Tax Saver Fund has given the highest SIP return (8.29%) in the category in last three years.
  • The fund has SIP return of 6.08% in last five years whereas category average SIP return is 8.49%.

Mahindra Manulife ELSS Tax Saver Fund Risk Analysis

  • The fund has a standard deviation of 13.99 and semi deviation of 10.43. The category average standard deviation is 15.39 and semi deviation is 11.37.
  • The fund has a Value at Risk (VaR) of -21.47 and a maximum drawdown of -16.11. The category average VaR is -22.63 and the maximum drawdown is -18.27. 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 Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % -1.83 -2.20
    -2.40
    		-6.82 | 0.01 17 | 40 Good
    3M Return % -6.38 -5.95
    -5.20
    		-7.98 | -1.67 34 | 40 Poor
    6M Return % -5.65 -4.14
    -3.27
    		-7.56 | 3.48 36 | 40 Poor
    1Y Return % -12.29 -8.03
    -8.03
    		-13.65 | 2.44 38 | 40 Poor
    3Y Return % 6.22 10.07
    9.49
    		1.61 | 18.23 34 | 39 Poor
    5Y Return % 5.95 8.09
    7.91
    		3.69 | 14.05 24 | 31 Average
    7Y Return % 11.94 13.80
    13.30
    		8.80 | 22.41 24 | 31 Average
    10Y Return % 9.86 12.50
    11.95
    		8.81 | 17.75 23 | 26 Poor
    1Y SIP Return % -12.89
    -7.72
    		-13.82 | 3.24 37 | 40 Poor
    3Y SIP Return % -2.77
    0.11
    		-4.22 | 7.00 34 | 39 Poor
    5Y SIP Return % 4.35
    7.28
    		2.62 | 14.97 27 | 31 Poor
    7Y SIP Return % 8.63
    10.60
    		5.53 | 17.14 24 | 31 Average
    10Y SIP Return % 9.49
    11.67
    		8.03 | 18.39 21 | 26 Average
    Standard Deviation 13.99
    15.39
    		11.39 | 21.29 8 | 39 Very Good
    Semi Deviation 10.43
    11.37
    		8.48 | 15.53 9 | 39 Very Good
    Max Drawdown % -16.11
    -18.27
    		-28.24 | -14.41 12 | 39 Good
    VaR 1 Y % -21.47
    -22.63
    		-38.55 | -15.29 19 | 39 Good
    Average Drawdown % 8.66
    8.11
    		4.32 | 11.51 17 | 39 Good
    Sharpe Ratio 0.19
    0.38
    		-0.05 | 0.72 33 | 39 Poor
    Sterling Ratio 0.33
    0.43
    		0.12 | 0.68 31 | 39 Poor
    Sortino Ratio 0.10
    0.19
    		0.02 | 0.36 33 | 39 Poor
    Jensen Alpha % -3.27
    -0.29
    		-8.12 | 6.11 34 | 38 Poor
    Treynor Ratio 0.03
    0.07
    		-0.01 | 0.12 33 | 38 Poor
    Modigliani Square Measure % 2.87
    6.01
    		-0.84 | 11.01 33 | 38 Poor
    Alpha % -4.97
    -0.82
    		-8.52 | 6.66 34 | 38 Poor
    Return data last Updated On : Oct. 27, 2026.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : June 30, 2026
    KPIs: Key Performance Indicators

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    KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % -1.71 -2.20 -2.34 -6.70 | 0.10 17 | 41 Good
    3M Return % -6.04 -5.95 -4.99 -7.59 | -1.43 33 | 41 Average
    6M Return % -4.95 -4.14 -2.80 -7.32 | 4.17 36 | 41 Poor
    1Y Return % -10.97 -8.03 -7.03 -12.68 | 3.45 36 | 41 Poor
    3Y Return % 7.87 10.07 10.66 3.00 | 19.63 32 | 39 Poor
    5Y Return % 7.66 8.09 9.09 4.63 | 15.42 24 | 31 Average
    7Y Return % 13.77 13.80 14.56 10.13 | 24.19 21 | 31 Average
    10Y Return % 11.83 12.50 13.01 9.38 | 19.13 19 | 27 Average
    1Y SIP Return % -11.59 -6.79 -13.35 | 4.26 36 | 41 Poor
    3Y SIP Return % -1.22 1.21 -2.62 | 8.29 31 | 39 Poor
    5Y SIP Return % 6.08 8.49 4.28 | 16.40 27 | 31 Poor
    7Y SIP Return % 10.49 11.88 7.42 | 18.79 23 | 31 Average
    10Y SIP Return % 11.38 12.76 8.88 | 20.00 21 | 27 Average
    Standard Deviation 13.99 15.39 11.39 | 21.29 8 | 39 Very Good
    Semi Deviation 10.43 11.37 8.48 | 15.53 9 | 39 Very Good
    Max Drawdown % -16.11 -18.27 -28.24 | -14.41 12 | 39 Good
    VaR 1 Y % -21.47 -22.63 -38.55 | -15.29 19 | 39 Good
    Average Drawdown % 8.66 8.11 4.32 | 11.51 17 | 39 Good
    Sharpe Ratio 0.19 0.38 -0.05 | 0.72 33 | 39 Poor
    Sterling Ratio 0.33 0.43 0.12 | 0.68 31 | 39 Poor
    Sortino Ratio 0.10 0.19 0.02 | 0.36 33 | 39 Poor
    Jensen Alpha % -3.27 -0.29 -8.12 | 6.11 34 | 38 Poor
    Treynor Ratio 0.03 0.07 -0.01 | 0.12 33 | 38 Poor
    Modigliani Square Measure % 2.87 6.01 -0.84 | 11.01 33 | 38 Poor
    Alpha % -4.97 -0.82 -8.52 | 6.66 34 | 38 Poor
    Return data last Updated On : Oct. 27, 2026.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : June 30, 2026
    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
    27-10-2026 25.6747 30.6971
    26-10-2026 25.5589 30.5575
    23-10-2026 25.4019 30.3661
    22-10-2026 25.6227 30.6288
    21-10-2026 25.7447 30.7735
    19-10-2026 25.9517 31.0184
    16-10-2026 26.3224 31.4578
    15-10-2026 26.1831 31.2901
    14-10-2026 25.8997 30.9502
    13-10-2026 26.0085 31.079
    12-10-2026 25.6723 30.676
    09-10-2026 25.7935 30.8171
    08-10-2026 25.5595 30.5363
    07-10-2026 25.9814 31.0391
    06-10-2026 26.1308 31.2164
    05-10-2026 25.8576 30.8888
    01-10-2026 25.7937 30.8076
    30-09-2026 26.0095 31.0641
    29-09-2026 26.0004 31.052
    28-09-2026 26.1525 31.2324

    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.