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 - IDCW 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: 23.0%. 5-year CAGR: 5.11%.

Mahindra Manulife

Mahindra Manulife ELSS Tax Saver Fund- Direct Plan - IDCW

Latest NAV

₹19.6966

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%	+0.12%	-0.46	73 / 76	Q4
1W	-1.96%	-1.31%	-0.65	58 / 76	Q4
2W	-1.04%	+0.08%	-1.12	72 / 76	Q4
1M	-2.97%	-0.99%	-1.99	72 / 76	Q4
3M	-10.47%	-0.23%	-10.23	76 / 76	Q4
6M	-15.54%	-4.25%	-11.28	74 / 76	Q4
YTD	-15.93%	-3.63%	-12.30	74 / 76	Q4
1Y	-11.01%	+1.70%	-12.71	71 / 76	Q4
2Y	-5.37%	+3.10%	-8.46	71 / 75	Q4
3Y	+4.74%	+10.95%	-6.21	70 / 75	Q4
4Y	+6.14%	+11.02%	-4.88	63 / 69	Q4
5Y	+5.11%	+10.65%	-5.53	60 / 65	Q4
7Y	+8.00%	+11.69%	-3.69	55 / 63	Q4
10Y	—	—	—	—	—
Inception	+7.26%	+10.74%	-3.47	66 / 76	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	-15.93%	-5.99%	-9.93	68 / 70
2025	+3.52%	+2.19%	+1.33	21 / 70
2024	+8.59%	+16.51%	-7.92	67 / 70
2023	+19.82%	+24.04%	-4.22	41 / 68
2022	-2.25%	+1.46%	-3.71	54 / 65
2021	+29.63%	+33.28%	-3.64	28 / 68
2020	+16.07%	+13.91%	+2.16	27 / 68
2019	+6.26%	+5.99%	+0.27	39 / 66
2018	-7.73%	-7.59%	-0.15	31 / 56
2017	+17.20%	+29.87%	-12.67	48 / 50
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

+9.30%

106 windows

min -27.3% · max 64.0%

63% positive

3-Year rolling

+10.32%

81 windows

min -9.9% · max 22.6%

90% positive

5-Year rolling

+11.54%

57 windows

min 5.0% · max 18.3%

100% positive

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

7-Year rolling

+10.07%

33 windows

min 7.8% · max 12.0%

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

14.26%

3-year · annualised

Sharpe ratio

-0.05

vs risk-free 6.5%

Sortino ratio

-0.07

Downside-only deviation

Max drawdown

-23.03%

Sep 2024 → Mar 2026

% positive months

63.9%

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 - IDCW Option - Direct Plan	HDFC	₹88.8430	3 Jun 2026
NIPPON INDIA ELSS TAX SAVER FUND - DIRECT Plan - ANNUAL IDCW Option	Nippon India	₹21.9652	3 Jun 2026
SBI ELSS Tax Saver Fund - Direct Plan - Income Distribution cum Capital Withdrawal Option (IDCW)	SBI	₹113.4965	3 Jun 2026
ICICI Prudential ELSS Tax Saver Fund - Direct Plan - IDCW	ICICI Prudential	₹43.2500	3 Jun 2026
Invesco India ELSS Tax Saver Fund - Direct Plan - IDCW Payout	Invesco	₹30.0200	3 Jun 2026
BANDHAN ELSS Tax Saver Fund - Direct Plan - IDCW	Bandhan	₹40.0710	3 Jun 2026
quant ELSS Tax Saver Fund - IDCW Option - Direct Plan	Quant	₹59.0826	3 Jun 2026
Aditya Birla Sun Life ELSS Tax Saver Fund-DIRECT - IDCW	Aditya Birla Sun Life	₹417.8400	3 Jun 2026
Motilal Oswal ELSS Tax Saver Fund Direct - IDCW Payout	Motilal Oswal	₹38.4424	3 Jun 2026
Franklin India ELSS Tax Saver Fund - Direct - IDCW	Franklin India	₹67.3238	3 Jun 2026

Recent NAVs

Date	NAV
3 Jun 2026	₹19.6966
2 Jun 2026	₹19.7635
1 Jun 2026	₹19.6887
29 May 2026	₹19.8233
27 May 2026	₹20.0906
26 May 2026	₹20.1067
25 May 2026	₹20.1578
22 May 2026	₹19.9382
21 May 2026	₹19.8746
20 May 2026	₹19.9038

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 - IDCW is ₹19.6966. It's a ELSS from Mahindra Manulife, run as a Direct plan IDCW (dividend) option. NAVs update once per business day from the AMFI feed.

Mahindra Manulife ELSS Tax Saver Fund- Direct Plan - IDCW 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 - IDCW 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 - IDCW has delivered a absolute return of -11.01% — -12.71 pp behind the ELSS category average of 1.70%. The fund ranks #71 of 76 in its category — the bottom (Q4) quartile.

Over the trailing 3-year window, Mahindra Manulife ELSS Tax Saver Fund- Direct Plan - IDCW has delivered a CAGR of 4.74% — -6.21 pp behind the ELSS category average of 10.95%. The fund ranks #70 of 75 in its category — the bottom (Q4) quartile.

Over the trailing 5-year window, Mahindra Manulife ELSS Tax Saver Fund- Direct Plan - IDCW has delivered a CAGR of 5.11% — -5.53 pp behind the ELSS category average of 10.65%. The fund ranks #60 of 65 in its category — the bottom (Q4) quartile.

₹1 lakh invested in Mahindra Manulife ELSS Tax Saver Fund- Direct Plan - IDCW exactly 5 years ago would be worth approximately ₹128,319 today — a multiplier of 1.28×, based on the 5-year CAGR of 5.11%. The category average over the same window would have grown ₹1 lakh to ₹165,837.

A ₹10,000 monthly SIP in Mahindra Manulife ELSS Tax Saver Fund- Direct Plan - IDCW over the last 5 years — total invested ₹600,000 — would be worth ₹617,092 today. That's an XIRR (money-weighted annualised return) of 1.11%.

Mahindra Manulife ELSS Tax Saver Fund- Direct Plan - IDCW doesn't yet have 10 years of NAVs. Over the longest available window (7-year SIP), ₹10,000/month would have grown to ₹1,032,852 — XIRR 5.81%.

On a 5-year basis, Mahindra Manulife ELSS Tax Saver Fund- Direct Plan - IDCW ranks #60 out of 65 funds in the ELSS category — that places it in the bottom quartile (Q4) — material underperformance. The category average return over the same window is 10.65%; this fund delivered 5.11%.

The worst peak-to-trough decline Mahindra Manulife ELSS Tax Saver Fund- Direct Plan - IDCW has experienced over the last 5-year window is 23.03% — its NAV fell from a high on 26 Sep 2024 to a low on 31 Mar 2026. 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 - IDCW averaged 11.54% (best 18.28%, worst 4.95%). 100% of rolling windows ended positive. The 5-year Sharpe ratio is -0.04 — negative risk-adjusted performance.

In calendar year 2025, Mahindra Manulife ELSS Tax Saver Fund- Direct Plan - IDCW returned 3.52% — beating the ELSS category average of 2.19% by 1.33 pp. It ranked #21 of 70 in its category that year.

Mahindra Manulife ELSS Tax Saver Fund- Direct Plan - IDCW 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 - IDCW 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: 23.0%. 5-year CAGR: 5.11%.

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