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: 4.99%.

Mahindra Manulife

Mahindra Manulife ELSS Tax Saver Fund- Direct Plan - IDCW

Latest NAV

₹20.7435

As of

17 Jul 2026

2,402 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	+0.49%	+0.18%	+0.31	15 / 76	Q1
1W	+0.39%	+0.02%	+0.37	14 / 76	Q1
2W	+0.80%	+0.25%	+0.55	13 / 76	Q1
1M	+2.17%	+1.60%	+0.57	16 / 76	Q1
3M	+1.27%	+3.34%	-2.07	61 / 76	Q4
6M	-10.21%	+1.60%	-11.81	75 / 76	Q4
YTD	-11.46%	+0.65%	-12.10	74 / 76	Q4
1Y	-9.31%	+3.29%	-12.60	74 / 76	Q4
2Y	-6.02%	+2.13%	-8.14	72 / 75	Q4
3Y	+4.14%	+10.81%	-6.67	70 / 75	Q4
4Y	+7.35%	+12.20%	-4.85	63 / 69	Q4
5Y	+4.99%	+10.65%	-5.66	61 / 65	Q4
7Y	+9.74%	+13.29%	-3.54	55 / 63	Q4
10Y	—	—	—	—	—
Inception	+7.74%	+11.17%	-3.43	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	-11.46%	-1.35%	-10.11	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

+9.73%

107 windows

min -21.5% · max 60.7%

64% positive

3-Year rolling

+10.67%

83 windows

min -8.0% · max 24.7%

90% positive

5-Year rolling

+11.50%

58 windows

min 5.0% · max 20.4%

100% positive

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

7-Year rolling

+10.11%

34 windows

min 8.3% · max 12.4%

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

15.22%

3-year · annualised

Sharpe ratio

-0.08

vs risk-free 6.5%

Sortino ratio

-0.11

Downside-only deviation

Max drawdown

-23.03%

Sep 2024 → Mar 2026

% positive months

58.3%

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	₹93.5760	17 Jul 2026
NIPPON INDIA ELSS TAX SAVER FUND - DIRECT Plan - ANNUAL IDCW Option	Nippon India	₹22.6321	17 Jul 2026
SBI ELSS Tax Saver Fund - Direct Plan - Income Distribution cum Capital Withdrawal Option (IDCW)	SBI	₹118.6726	17 Jul 2026
ICICI Prudential ELSS Tax Saver Fund - Direct Plan - IDCW	ICICI Prudential	₹44.8300	17 Jul 2026
Invesco India ELSS Tax Saver Fund - Direct Plan - IDCW Payout	Invesco	₹32.2400	17 Jul 2026
BANDHAN ELSS Tax Saver Fund - Direct Plan - IDCW	Bandhan	₹41.5040	17 Jul 2026
quant ELSS Tax Saver Fund - IDCW Option - Direct Plan	Quant	₹61.4528	17 Jul 2026
Aditya Birla Sun Life ELSS Tax Saver Fund-DIRECT - IDCW	Aditya Birla Sun Life	₹439.8600	17 Jul 2026
Motilal Oswal ELSS Tax Saver Fund Direct - IDCW Payout	Motilal Oswal	₹39.4071	17 Jul 2026
Franklin India ELSS Tax Saver Fund - Direct - IDCW	Franklin India	₹70.8461	17 Jul 2026

Recent NAVs

Date	NAV
17 Jul 2026	₹20.7435
16 Jul 2026	₹20.6427
15 Jul 2026	₹20.6184
14 Jul 2026	₹20.5356
13 Jul 2026	₹20.6760
10 Jul 2026	₹20.6620
9 Jul 2026	₹20.4612
8 Jul 2026	₹20.3234
7 Jul 2026	₹20.7285
6 Jul 2026	₹20.7273

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 17 Jul 2026, the NAV of Mahindra Manulife ELSS Tax Saver Fund- Direct Plan - IDCW is ₹20.7435. 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 9 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 -9.31% — -12.6 pp behind the ELSS category average of 3.29%. The fund ranks #74 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 4.14% — -6.67 pp behind the ELSS category average of 10.81%. 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 4.99% — -5.66 pp behind the ELSS category average of 10.65%. The fund ranks #61 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 ₹127,592 today — a multiplier of 1.28×, based on the 5-year CAGR of 4.99%. The category average over the same window would have grown ₹1 lakh to ₹165,869.

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 ₹645,841 today. That's an XIRR (money-weighted annualised return) of 2.90%.

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 ₹1,076,637 — XIRR 6.98%.

On a 5-year basis, Mahindra Manulife ELSS Tax Saver Fund- Direct Plan - IDCW ranks #61 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 4.99%.

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 11.50% (best 20.35%, worst 4.99%). 100% of rolling windows ended positive. The 5-year Sharpe ratio is -0.02 — 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: 4.99%.

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