Mahindra Manulife ELSS Tax Saver Fund - Complete Investment Analysis, Performance & Tax Benefits | 2024

Mahindra Manulife ELSS Tax Saver Fund aims to generate long-term capital appreciation through a diversified portfolio of equity and equity related securities. This comprehensive guide covers fund performance, investment strategy, and tax benefits for potential investors.

Mahindra Manulife ELSS Tax Saver Fund

Investment Objective and Approach

The investment objective of the Scheme is to generate long term capital appreciation through a diversified portfolio of equity and equity related securities. Mahindra Manulife ELSS Tax Saver Fund - Direct Plan is mandated to invest at least 80 per cent of its assets in equity stocks. The fund follows a diversified equity investment approach across market capitalizations to balance growth potential with risk management.

The scheme operates as an open-ended equity-linked savings scheme with a statutory lock-in period of 3 years. It offers tax exemption under Section 80C of the Indian income tax laws. As per this section, investments of up to Rs 1.5 lakh in a financial year in eligible securities are exempt from tax. Inception/Allotment date: 18-Oct-16.

Fund Managers

Ms. Fatema Pacha is managing this scheme since October 16, 2020, while Mr. Manish Lodha is managing this fund since December 21, 2020.

Ms. Fatema Pacha: Ms. Fatema Pacha has been an Equity Fund Manager in Mahindra Manulife Mutual Fund since September 2020. She has over 14 years of work experience in equity research and fund management. She holds a PGDBM (Finance) from SP Jain Institute of Management and Research and a B.E. (Computers) degree from Thadomal Shahani Engineering College. Ms. Fatema also worked for ICICI Prudential Life Insurance Company and UTI Mutual Fund before joining Mahindra Manulife Mutual Fund.

Mr. Manish Lodha: Mr. Manish Lodha (both a Chartered Accountant and a Company Secretary) has around 20 years of work experience. He has worked in the mutual fund industry for 11 years and the insurance industry (in equity research and fund management) for four years. Before associating with MMIMPL as an Equity Fund Manager, Mr. Lodha worked in Canara HSBC OBC Life Insurance Co. Ltd. and Kotak Mahindra Mutual Fund as a Portfolio Manager, Equity Research.

About the Fund House (AMC)

Mahindra Manulife Investment Management Private Limited represents a strategic partnership between two established financial entities. MMIMPL was incorporated on 20th June 2013 under the Companies Act, 1956. It is the Investment Manager of Mahindra Manulife Mutual Fund, offering a wide variety of investment solutions across India.

Before April 2020, the Mahindra Manulife Investment Management Pvt. Ltd was known as Mahindra Asset Management Company Private Limited. However, on 29th April 2020, Manulife Singapore acquired 49% of the equity share capital of the Asset Management Company and became a co-sponsor of the mutual fund. Mahindra Manulife Investment Management Private Limited is a joint venture between Mahindra Finance and Manulife Investment Management, combining the former's strength in the domestic market and successful business-building track record with the latter's global wealth and asset management capabilities and experience in serving the needs of Asian consumers across different markets.

According to the latest available financial data, Mahindra Manulife Mutual Funds has an AUM of over Rs 19091.98 crore (as on Mar 2024). The company manages 22 schemes. This includes 11 equity schemes, 5 hybrid schemes, 4 debt schemes and 2 money market schemes. The joint venture aims to offer a wide range of investment solutions across India, with a particular focus on semi-urban areas.

Should I Invest in Mahindra Manulife ELSS Tax Saver Fund?

Suitability: Mahindra Manulife MF ELSS Funds are ideal for investors who have a higher risk appetite. Investors may invest in Mahindra Manulife MF ELSS Funds to achieve long term goals like children's education, retirement planning and buying a home.

Investment Highlights:

- The minimum investment required to start investing in Mahindra Manulife ELSS Tax Saver Fund - Regular Plan is ₹500 for the lump sum option and ₹500 for the SIP (Systematic Investment Plan) option.

- These funds have the shortest lock-in period of three years as compared to other tax-saving alternatives. It makes them ideal for wealth creation over the long run in a tax-efficient manner.

- The AUM of Mahindra Manulife ELSS Tax Saver Fund - Direct Plan Fund is ₹895 Cr as of 31-Mar-2025

Risk Considerations: The riskometer level of Mahindra Manulife ELSS Tax Saver Fund - Direct Plan is Very High. Mahindra Manulife MF ELSS Funds carry moderately high to high market risk as compared to debt funds and balanced funds. The fund value may go up / down as and when the underlying stock price changes.

Important Warning: Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years. To realise the full potential of these funds, you need to stay invested throughout the lock-in period.

FAQs

What is today's NAV of Mahindra Manulife ELSS Tax Saver Fund?

NAV changes daily based on market conditions. You can check the latest NAV on the fund house website or financial platforms like Allvest for real-time updates.

What is the AUM of Mahindra Manulife ELSS Tax Saver Fund?

The AUM of Mahindra Manulife ELSS Tax Saver Fund - Direct Plan Fund is ₹895 Cr as of 31-Mar-2025, indicating substantial investor interest and fund size.

What is the expense ratio of Mahindra Manulife ELSS Tax Saver Fund?

The expense ratio of Mahindra Manulife ELSS Tax Saver Fund - Direct Plan is 0.63. Regular plans typically have higher expense ratios due to distribution costs.

What are the returns of Mahindra Manulife ELSS Tax Saver Fund since inception?

It has delivered 13.84% returns since inception. Over the past five years, Mahindra Manulife ELSS Tax Saver Fund - Regular Plan has delivered an annualised return of 21.31% as of 25-Jul-2025.

What is the minimum SIP amount to invest in Mahindra Manulife ELSS Tax Saver Fund?

The minimum investment required to start investing in Mahindra Manulife ELSS Tax Saver Fund is ₹500 for the SIP (Systematic Investment Plan) option.

How do I invest in Mahindra Manulife ELSS Tax Saver Fund?

You can invest through Allvest's platform, the AMC's website, or other registered mutual fund distributors. Complete your KYC, choose between SIP or lump sum, and start investing online.

How to start a SIP in Mahindra Manulife ELSS Tax Saver Fund?

Register on Allvest, complete your KYC verification, select the fund, choose SIP option, set your investment amount and frequency, and set up auto-debit for seamless investing.

How do I automate an SIP in Mahindra Manulife ELSS Tax Saver Fund?

Set up a bank mandate or UPI autopay through Allvest platform to automate your SIP payments. This ensures regular investments without manual intervention each month.

How can I withdraw/redeem my investment in Mahindra Manulife ELSS Tax Saver Fund?

ELSS, Tax-Savers, come with a lock-in of 3 years which is the lowest compared to other 80C investment options. Lock-in period is calculated from the date of investment. After the 3-year lock-in, you can redeem through Allvest or the AMC portal.