Should I invest in Mahindra Manulife ELSS Tax Saver Fund?

We don't give personal investment advice. Mahindra Manulife ELSS Tax Saver Fund - Direct Plan -Growth is suitable for an investor whose:time horizon is **5+ years** — equity funds can drop 30-50% in bad years; horizons under 5 years materially raise the risk of selling at a lossrisk tolerance accepts seeing the portfolio fall sharply without panic-sellinggoal isn't capital preservation in the short termCross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 17.6%. 5-year CAGR: 12.07%.

Mahindra Manulife

Mahindra Manulife ELSS Tax Saver Fund - Direct Plan -Growth

Latest NAV

₹31.2832

As of

3 Jun 2026

2,371 NAV records on file

NAV history & peer comparison

All NAVs split-adjusted and normalised to 100 at the start of the selected period, so funds with very different absolute NAV scales can be compared on one axis.

Period

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Returns matrix

Fund return alongside the category average and peer rank for every standard window. Returns under one year are absolute; one year and longer are compound annualised (CAGR).

Window	Fund	Category avg	+/− vs avg	Rank	Quartile
1D	-0.34%	+0.24%	-0.58	56 / 59	Q4
1W	-1.96%	-1.27%	-0.69	41 / 59	Q3
2W	-1.04%	+0.30%	-1.34	55 / 59	Q4
1M	-2.97%	-0.87%	-2.11	55 / 59	Q4
3M	-3.77%	+0.83%	-4.61	50 / 59	Q4
6M	-9.22%	-2.14%	-7.08	55 / 59	Q4
YTD	-9.64%	-1.56%	-8.08	55 / 59	Q4
1Y	-4.36%	+5.96%	-10.32	51 / 59	Q4
2Y	+0.56%	+5.58%	-5.02	51 / 58	Q4
3Y	+10.86%	+14.58%	-3.71	51 / 58	Q4
4Y	+12.48%	+14.85%	-2.37	38 / 51	Q3
5Y	+12.07%	+14.46%	-2.40	38 / 47	Q4
7Y	+13.97%	+15.51%	-1.54	31 / 45	Q3
10Y	—	—	—	—	—
Inception	+12.54%	+14.13%	-1.59	45 / 59	Q4

Quartile legend: Q1 top 25% Q2 25-50% Q3 50-75% Q4 bottom 25%

Calendar-year returns

Full-year performance vs category average. Current year is partial (year-to-date).

Year	Fund	Category avg	+/− vs avg	Rank
2026 YTD	-9.64%	-4.44%	-5.20	49 / 53
2025	+8.77%	+3.70%	+5.07	9 / 53
2024	+14.04%	+20.13%	-6.10	42 / 53
2023	+27.40%	+30.82%	-3.42	31 / 51
2022	+3.80%	+3.78%	+0.03	27 / 47
2021	+41.07%	+39.32%	+1.75	14 / 50
2020	+16.09%	+18.42%	-2.33	31 / 50
2019	+6.29%	+6.48%	-0.20	29 / 47
2018	-7.66%	-7.38%	-0.28	26 / 37
2017	+27.50%	+38.27%	-10.76	29 / 31
2016	—	—	—	—

Rolling returns

Removes start-date bias by averaging CAGR over every overlapping N-year window in the fund's history. Higher average plus tight min/max plus high "% positive" = consistent.

1-Year rolling

+14.77%

106 windows

min -27.3% · max 73.8%

84% positive

3-Year rolling

+15.51%

81 windows

min -7.3% · max 31.3%

93% positive

5-Year rolling

+17.03%

57 windows

min 9.9% · max 25.7%

100% positive

Limited basis — fund is young, so this average may be skewed by which 5Y windows happen to be available.

7-Year rolling

+15.06%

33 windows

min 13.4% · max 17.0%

100% positive

Limited basis — fund is young, so this average may be skewed by which 7Y windows happen to be available.

SIP returns — historical "what if"

If you had invested every month in this fund over the chosen period, this is what your investment would be worth today.

Period

Total invested

₹ —

Today's value

₹ —

XIRR

Annualised

Wealth multiplier

Period	Total invested	Today's value	XIRR	Wealth multiplier

XIRR is the annualised internal rate of return on the SIP cash flow — invariant to the monthly amount. "Today's value" and "Total invested" scale linearly with the slider. Past performance does not guarantee future returns. Excludes exit load and taxes.

Risk profile

Risk-adjusted return and volatility, computed from monthly NAV returns over the trailing 3-year and 5-year windows.

Std deviation

12.44%

3-year · annualised

Sharpe ratio

0.38

vs risk-free 6.5%

Sortino ratio

0.60

Downside-only deviation

Max drawdown

-16.36%

Sep 2024 → Feb 2025

% positive months

66.7%

Share of monthly returns > 0 over the 3-year window

Sharpe / Sortino use a risk-free rate of 6.5% (1-year T-bill proxy). Higher Sharpe = more return per unit of total risk; higher Sortino = more return per unit of downside risk.

Peers in ELSS

Scheme	Fund house	NAV	As of
HDFC ELSS Tax saver - Growth Option - Direct Plan	HDFC	₹1,421.3430	3 Jun 2026
Nippon India ELSS Tax Saver Fund - Direct Plan Growth Plan - Growth Option	Nippon India	₹140.6038	3 Jun 2026
SBI ELSS Tax Saver FUND - DIRECT PLAN -GROWTH	SBI	₹458.2222	3 Jun 2026
ICICI Prudential ELSS Tax Saver Fund - Direct Plan - Growth	ICICI Prudential	₹990.7700	3 Jun 2026
Invesco India ELSS Tax Saver Fund - Direct Plan - Growth	Invesco	₹138.0800	3 Jun 2026
BANDHAN ELSS Tax Saver Fund - Direct Plan - Growth	Bandhan	₹173.1540	3 Jun 2026
quant ELSS Tax Saver Fund - Growth Option - Direct Plan	Quant	₹443.2149	3 Jun 2026
Aditya Birla Sun Life ELSS Tax Saver Fund - Growth - Direct Plan	Aditya Birla Sun Life	₹66.4800	3 Jun 2026
Motilal Oswal ELSS Tax Saver Fund - Direct Plan - Growth Option	Motilal Oswal	₹62.1822	3 Jun 2026
Franklin India ELSS Tax Saver Fund - Direct - Growth	Franklin India	₹1,537.4743	3 Jun 2026

Recent NAVs

Date	NAV
3 Jun 2026	₹31.2832
2 Jun 2026	₹31.3893
1 Jun 2026	₹31.2707
29 May 2026	₹31.4844
27 May 2026	₹31.9090
26 May 2026	₹31.9344
25 May 2026	₹32.0156
22 May 2026	₹31.6669
21 May 2026	₹31.5658
20 May 2026	₹31.6123

Frequently asked questions

These answers are generated from this fund's live metrics — NAV, returns, peer rank, drawdown, SIP backtest. Numbers refresh nightly after AMFI's NAV feed lands.

As of 03 Jun 2026, the NAV of Mahindra Manulife ELSS Tax Saver Fund - Direct Plan -Growth is ₹31.2832. It's a ELSS from Mahindra Manulife, run as a Direct plan Growth option. NAVs update once per business day from the AMFI feed.

Mahindra Manulife ELSS Tax Saver Fund - Direct Plan -Growth has NAV history starting from 19 Oct 2016, a track record of about 9 years 7 months. That's enough history to evaluate the fund across one or two market cycles. Look at rolling returns rather than point-to-point to judge consistency.

Mahindra Manulife ELSS Tax Saver Fund - Direct Plan -Growth is managed by Mahindra Manulife. It's classified by AMFI under the 'ELSS' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, Mahindra Manulife ELSS Tax Saver Fund - Direct Plan -Growth has delivered a absolute return of -4.36% — -10.32 pp behind the ELSS category average of 5.96%. The fund ranks #51 of 59 in its category — the bottom (Q4) quartile.

Over the trailing 3-year window, Mahindra Manulife ELSS Tax Saver Fund - Direct Plan -Growth has delivered a CAGR of 10.86% — -3.71 pp behind the ELSS category average of 14.58%. The fund ranks #51 of 58 in its category — the bottom (Q4) quartile.

Over the trailing 5-year window, Mahindra Manulife ELSS Tax Saver Fund - Direct Plan -Growth has delivered a CAGR of 12.07% — -2.4 pp behind the ELSS category average of 14.46%. The fund ranks #38 of 47 in its category — the bottom (Q4) quartile.

₹1 lakh invested in Mahindra Manulife ELSS Tax Saver Fund - Direct Plan -Growth exactly 5 years ago would be worth approximately ₹176,775 today — a multiplier of 1.77×, based on the 5-year CAGR of 12.07%. The category average over the same window would have grown ₹1 lakh to ₹196,497.

A ₹10,000 monthly SIP in Mahindra Manulife ELSS Tax Saver Fund - Direct Plan -Growth over the last 5 years — total invested ₹600,000 — would be worth ₹739,877 today. That's an XIRR (money-weighted annualised return) of 8.31%.

Mahindra Manulife ELSS Tax Saver Fund - Direct Plan -Growth doesn't yet have 10 years of NAVs. Over the longest available window (7-year SIP), ₹10,000/month would have grown to ₹1,342,502 — XIRR 13.15%.

On a 5-year basis, Mahindra Manulife ELSS Tax Saver Fund - Direct Plan -Growth ranks #38 out of 47 funds in the ELSS category — that places it in the bottom quartile (Q4) — material underperformance. The category average return over the same window is 14.46%; this fund delivered 12.07%.

The worst peak-to-trough decline Mahindra Manulife ELSS Tax Saver Fund - Direct Plan -Growth has experienced over the last 5-year window is 17.63% — its NAV fell from a high on 17 Jan 2022 to a low on 17 Jun 2022. Drawdown is a useful gauge of how much short-term pain you'd have endured to capture the long-term return.

Across all 5-year rolling windows, Mahindra Manulife ELSS Tax Saver Fund - Direct Plan -Growth averaged 17.03% (best 25.71%, worst 9.88%). 100% of rolling windows ended positive. The 5-year Sharpe ratio is 0.43 — weak risk-adjusted performance.

In calendar year 2025, Mahindra Manulife ELSS Tax Saver Fund - Direct Plan -Growth returned 8.77% — beating the ELSS category average of 3.70% by 5.07 pp. It ranked #9 of 53 in its category that year.

Mahindra Manulife ELSS Tax Saver Fund - Direct Plan -Growth is classified as an Equity fund (at least 65% equity exposure). Tax rules (post Budget 2024): if you hold 12 months or more, gains are Long-Term and taxed at 12.5% on the amount exceeding ₹1.25 lakh per financial year. Held for under 12 months, gains are Short-Term and taxed at 20%. The ₹1.25 L exemption is per PAN per FY across all equity LTCG.

We don't give personal investment advice. Mahindra Manulife ELSS Tax Saver Fund - Direct Plan -Growth is suitable for an investor whose:

time horizon is **5+ years** — equity funds can drop 30-50% in bad years; horizons under 5 years materially raise the risk of selling at a loss
risk tolerance accepts seeing the portfolio fall sharply without panic-selling
goal isn't capital preservation in the short term

Cross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 17.6%. 5-year CAGR: 12.07%.

Educational content only — not investment advice. Tax rules summarised above reflect Budget 2024; consult a qualified adviser before transacting.