Should I invest in Mahindra Manulife ELSS Tax Saver Fund?

We don't give personal investment advice. Mahindra Manulife ELSS Tax Saver Fund- Regular 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: 18.2%. 5-year CAGR: 10.15%.

Mahindra Manulife

Mahindra Manulife ELSS Tax Saver Fund- Regular Plan - Growth

Latest NAV

₹27.6675

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	+0.48%	+0.04%	+0.45	9 / 39	Q1
1W	+0.37%	-0.11%	+0.48	11 / 39	Q2
2W	+0.75%	+0.32%	+0.42	9 / 39	Q1
1M	+2.05%	+1.31%	+0.73	10 / 39	Q2
3M	+0.89%	+3.44%	-2.54	29 / 39	Q3
6M	-4.21%	+3.63%	-7.84	33 / 39	Q4
YTD	-5.60%	+3.50%	-9.10	30 / 39	Q4
1Y	-4.00%	+8.03%	-12.02	34 / 39	Q4
2Y	-1.65%	+4.68%	-6.33	33 / 38	Q4
3Y	+8.54%	+13.16%	-4.63	33 / 38	Q4
4Y	+11.96%	+14.96%	-3.00	22 / 31	Q3
5Y	+10.15%	+13.65%	-3.51	23 / 27	Q4
7Y	+13.94%	+16.74%	-2.80	17 / 25	Q3
10Y	—	—	—	—	—
Inception	+10.97%	+12.99%	-2.02	28 / 39	Q3

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	-5.60%	-0.01%	-5.59	25 / 34
2025	+7.10%	+2.03%	+5.07	6 / 34
2024	+12.25%	+18.62%	-6.37	26 / 34
2023	+25.35%	+30.88%	-5.52	20 / 32
2022	+2.01%	+2.53%	-0.52	20 / 27
2021	+38.77%	+41.08%	-2.31	11 / 30
2020	+14.15%	+17.81%	-3.66	22 / 30
2019	+4.48%	+3.04%	+1.43	16 / 27
2018	-9.65%	-11.14%	+1.49	11 / 18
2017	+24.45%	+37.20%	-12.75	11 / 11
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

+13.15%

107 windows

min -22.8% · max 67.2%

78% positive

3-Year rolling

+13.88%

83 windows

min -7.2% · max 31.3%

90% positive

5-Year rolling

+15.09%

58 windows

min 8.5% · max 25.8%

100% positive

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

7-Year rolling

+13.22%

34 windows

min 11.0% · max 15.5%

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

12.40%

3-year · annualised

Sharpe ratio

0.20

vs risk-free 6.5%

Sortino ratio

0.32

Downside-only deviation

Max drawdown

-16.92%

Sep 2024 → Feb 2025

% positive months

55.6%

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
SBI Long Term Advantage Fund - Series IV - Regular Plan - Growth	SBI	₹47.5639	17 Jul 2026
Quantum ELSS Tax Saver Fund - Regular Plan Growth Option	Quantum	₹119.4900	17 Jul 2026
Motilal Oswal ELSS Tax Saver Fund - Regular Plan - Growth Option	Motilal Oswal	₹54.9959	17 Jul 2026
Mirae Asset ELSS Tax Saver Fund - Regular Plan - Growth	Mirae Asset	₹50.5940	17 Jul 2026
Parag Parikh ELSS Tax Saver Fund- Regular Growth	Parag Parikh	₹29.6471	17 Jul 2026
HSBC ELSS Tax saver Fund - Regular Growth	HSBC	₹139.9704	17 Jul 2026
BARODA BNP PARIBAS ELSS Tax Saver Fund - Regular - Growth Option	Baroda BNP Paribas	₹99.2178	17 Jul 2026
PGIM India ELSS Tax Saver Fund - Regular Plan - Growth Option	PGIM India	₹34.4500	17 Jul 2026
Axis ELSS Tax Saver Fund - Regular Plan - Growth	Axis	₹96.5764	17 Jul 2026
360 ONE ELSS Tax Saver Nifty 50 Index Fund - Regular Plan - Growth	360 ONE	₹13.6989	17 Jul 2026

Recent NAVs

Date	NAV
17 Jul 2026	₹27.6675
16 Jul 2026	₹27.5342
15 Jul 2026	₹27.5029
14 Jul 2026	₹27.3937
13 Jul 2026	₹27.5820
10 Jul 2026	₹27.5667
9 Jul 2026	₹27.3000
8 Jul 2026	₹27.1172
7 Jul 2026	₹27.6589
6 Jul 2026	₹27.6584

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- Regular Plan - Growth is ₹27.6675. It's a ELSS from Mahindra Manulife, run as a Regular plan Growth option. NAVs update once per business day from the AMFI feed.

Mahindra Manulife ELSS Tax Saver Fund- Regular Plan - Growth 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- Regular 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- Regular Plan - Growth has delivered a absolute return of -4.00% — -12.02 pp behind the ELSS category average of 8.03%. The fund ranks #34 of 39 in its category — the bottom (Q4) quartile.

Over the trailing 3-year window, Mahindra Manulife ELSS Tax Saver Fund- Regular Plan - Growth has delivered a CAGR of 8.54% — -4.63 pp behind the ELSS category average of 13.16%. The fund ranks #33 of 38 in its category — the bottom (Q4) quartile.

Over the trailing 5-year window, Mahindra Manulife ELSS Tax Saver Fund- Regular Plan - Growth has delivered a CAGR of 10.15% — -3.51 pp behind the ELSS category average of 13.65%. The fund ranks #23 of 27 in its category — the bottom (Q4) quartile.

₹1 lakh invested in Mahindra Manulife ELSS Tax Saver Fund- Regular Plan - Growth exactly 5 years ago would be worth approximately ₹162,149 today — a multiplier of 1.62×, based on the 5-year CAGR of 10.15%. The category average over the same window would have grown ₹1 lakh to ₹189,642.

A ₹10,000 monthly SIP in Mahindra Manulife ELSS Tax Saver Fund- Regular Plan - Growth over the last 5 years — total invested ₹600,000 — would be worth ₹734,546 today. That's an XIRR (money-weighted annualised return) of 8.02%.

Mahindra Manulife ELSS Tax Saver Fund- Regular 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 ₹1,299,066 — XIRR 12.24%.

On a 5-year basis, Mahindra Manulife ELSS Tax Saver Fund- Regular Plan - Growth ranks #23 out of 27 funds in the ELSS category — that places it in the bottom quartile (Q4) — material underperformance. The category average return over the same window is 13.65%; this fund delivered 10.15%.

The worst peak-to-trough decline Mahindra Manulife ELSS Tax Saver Fund- Regular Plan - Growth has experienced over the last 5-year window is 18.22% — 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- Regular Plan - Growth averaged 15.09% (best 25.82%, worst 8.51%). 100% of rolling windows ended positive. The 5-year Sharpe ratio is 0.29 — weak risk-adjusted performance.

In calendar year 2025, Mahindra Manulife ELSS Tax Saver Fund- Regular Plan - Growth returned 7.10% — beating the ELSS category average of 2.03% by 5.07 pp. It ranked #6 of 34 in its category that year.

Mahindra Manulife ELSS Tax Saver Fund- Regular 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- Regular 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: 18.2%. 5-year CAGR: 10.15%.

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