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 - 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: 26.9%. 5-year CAGR: 2.26%.

Mahindra Manulife

Mahindra Manulife ELSS Tax Saver Fund - Regular Plan - IDCW

Latest NAV

₹15.5841

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%	+0.08%	-0.42	51 / 54	Q4
1W	-1.99%	-1.32%	-0.67	38 / 54	Q3
2W	-1.10%	-0.04%	-1.06	49 / 54	Q4
1M	-3.09%	-1.07%	-2.02	50 / 54	Q4
3M	-12.38%	+0.01%	-12.39	54 / 54	Q4
6M	-17.65%	-3.68%	-13.98	53 / 54	Q4
YTD	-17.93%	-2.63%	-15.31	53 / 54	Q4
1Y	-13.91%	+2.41%	-16.32	54 / 54	Q4
2Y	-8.12%	+3.07%	-11.19	53 / 53	Q4
3Y	+1.85%	+9.94%	-8.09	51 / 53	Q4
4Y	+3.25%	+10.02%	-6.77	44 / 47	Q4
5Y	+2.26%	+10.19%	-7.93	40 / 43	Q4
7Y	+5.32%	+11.33%	-6.01	38 / 41	Q4
10Y	—	—	—	—	—
Inception	+4.69%	+9.79%	-5.11	50 / 54	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	-17.93%	-5.69%	-12.24	48 / 49
2025	+0.88%	+1.23%	-0.35	34 / 49
2024	+5.93%	+14.62%	-8.69	48 / 49
2023	+16.80%	+22.73%	-5.93	22 / 47
2022	-4.60%	+0.57%	-5.16	39 / 43
2021	+26.45%	+33.70%	-7.25	19 / 46
2020	+14.16%	+14.03%	+0.12	22 / 46
2019	+4.48%	+5.87%	-1.40	32 / 44
2018	-9.65%	-7.23%	-2.42	24 / 35
2017	+14.23%	+27.76%	-13.52	27 / 28
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

+6.77%

106 windows

min -28.5% · max 60.5%

55% positive

3-Year rolling

+7.82%

81 windows

min -11.7% · max 19.6%

89% positive

5-Year rolling

+9.00%

57 windows

min 2.3% · max 15.3%

100% positive

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

7-Year rolling

+7.58%

33 windows

min 5.2% · max 9.5%

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

14.87%

3-year · annualised

Sharpe ratio

-0.23

vs risk-free 6.5%

Sortino ratio

-0.29

Downside-only deviation

Max drawdown

-26.90%

Sep 2024 → Mar 2026

% positive months

61.1%

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 - Income Distribution cum Capital Withdrawal Option (IDCW)	SBI	₹38.4097	3 Jun 2026
Quantum ELSS Tax Saver Fund - Regular Plan IDCW	Quantum	₹114.6800	3 Jun 2026
Mirae Asset ELSS Tax Saver Fund - Regular Plan - IDCW	Mirae Asset	₹21.5970	3 Jun 2026
HSBC ELSS Tax saver Fund - Regular IDCW Payout	HSBC	₹25.8533	3 Jun 2026
BARODA BNP PARIBAS ELSS Tax Saver Fund- Regular - IDCW Option	Baroda BNP Paribas	₹20.8212	3 Jun 2026
PGIM India ELSS Tax Saver Fund - Regular Plan - Dividend Option	PGIM India	₹15.4900	3 Jun 2026
Axis ELSS Tax Saver Fund - Regular Plan - IDCW	Axis	₹22.2921	3 Jun 2026
360 ONE ELSS Tax Saver Nifty 50 Index Fund - Regular Plan - IDCW Payout	360 ONE	₹13.1353	3 Jun 2026
BAJAJ FINSERV ELSS TAX SAVER FUND - REGULAR - IDCW	Bajaj Finserv	₹11.0910	3 Jun 2026
BANK OF INDIA Mid Cap Tax Fund Series 1 Regular Plan IDCW	Bank of India	₹28.1500	3 Jun 2026

Recent NAVs

Date	NAV
3 Jun 2026	₹15.5841
2 Jun 2026	₹15.6376
1 Jun 2026	₹15.5791
29 May 2026	₹15.6875
27 May 2026	₹15.9004
26 May 2026	₹15.9137
25 May 2026	₹15.9548
22 May 2026	₹15.7830
21 May 2026	₹15.7332
20 May 2026	₹15.7570

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 - Regular Plan - IDCW is ₹15.5841. It's a ELSS from Mahindra Manulife, run as a Regular plan IDCW (dividend) option. NAVs update once per business day from the AMFI feed.

Mahindra Manulife ELSS Tax Saver Fund - Regular 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 - Regular 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 - Regular Plan - IDCW has delivered a absolute return of -13.91% — -16.32 pp behind the ELSS category average of 2.41%. The fund ranks #54 of 54 in its category — the bottom (Q4) quartile.

Over the trailing 3-year window, Mahindra Manulife ELSS Tax Saver Fund - Regular Plan - IDCW has delivered a CAGR of 1.85% — -8.09 pp behind the ELSS category average of 9.94%. The fund ranks #51 of 53 in its category — the bottom (Q4) quartile.

Over the trailing 5-year window, Mahindra Manulife ELSS Tax Saver Fund - Regular Plan - IDCW has delivered a CAGR of 2.26% — -7.93 pp behind the ELSS category average of 10.19%. The fund ranks #40 of 43 in its category — the bottom (Q4) quartile.

₹1 lakh invested in Mahindra Manulife ELSS Tax Saver Fund - Regular Plan - IDCW exactly 5 years ago would be worth approximately ₹111,831 today — a multiplier of 1.12×, based on the 5-year CAGR of 2.26%. The category average over the same window would have grown ₹1 lakh to ₹162,436.

A ₹10,000 monthly SIP in Mahindra Manulife ELSS Tax Saver Fund - Regular Plan - IDCW over the last 5 years — total invested ₹600,000 — would be worth ₹570,396 today. That's an XIRR (money-weighted annualised return) of -1.99%.

Mahindra Manulife ELSS Tax Saver Fund - Regular 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 ₹924,635 — XIRR 2.70%.

On a 5-year basis, Mahindra Manulife ELSS Tax Saver Fund - Regular Plan - IDCW ranks #40 out of 43 funds in the ELSS category — that places it in the bottom quartile (Q4) — material underperformance. The category average return over the same window is 10.19%; this fund delivered 2.26%.

The worst peak-to-trough decline Mahindra Manulife ELSS Tax Saver Fund - Regular Plan - IDCW has experienced over the last 5-year window is 26.90% — 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 - Regular Plan - IDCW averaged 9.00% (best 15.33%, worst 2.26%). 100% of rolling windows ended positive. The 5-year Sharpe ratio is -0.22 — negative risk-adjusted performance.

In calendar year 2025, Mahindra Manulife ELSS Tax Saver Fund - Regular Plan - IDCW returned 0.88% — lagging the ELSS category average of 1.23% by 0.35 pp. It ranked #34 of 49 in its category that year.

Mahindra Manulife ELSS Tax Saver Fund - Regular 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 - Regular 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: 26.9%. 5-year CAGR: 2.26%.

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