About Mahindra Manulife ELSS Tax Saver Fund
Mahindra Manulife ELSS Tax Saver Fund is a elss (tax saver) fund managed by Mahindra Manulife Mutual Fund. Equity Linked Savings Schemes: diversified equity funds with a 3-year lock-in. Investments qualify for the Section 80C deduction (up to ₹1.5 lakh) under the old tax regime.
The investment objective of the Scheme is to generate long-term capital appreciation through a diversified portfolio of equity and equity related securities. The Scheme does not guarantee or assure any returns.
The scheme's stated objective, as published by Mahindra Manulife Mutual Fund.
The NAV (net asset value) is the price of one unit of the fund. It is published by the fund house every business day and changes with the value of the fund's holdings. The Growth option reinvests all gains, so its NAV reflects the fund's total return.
Tax on your gains
Gains are taxed as equity: sell within 12 months and the gain is short-term, taxed at 20%. Hold longer and it is long-term, taxed at 12.5% on gains above ₹1.25 lakh in a financial year, across all your equity investments.
Work out what you would owe with the capital gains tax calculator.
Every plan and option, with scheme codes
| Plan | Option | NAV | Scheme code |
|---|---|---|---|
| Direct | Growth | ₹33.6683 | 139781 |
| Direct | IDCW | ₹21.1983 | 139782 |
| Regular | Growth | ₹28.141 | 139783 |
| Regular | IDCW | ₹16.6632 | 139780 |
Frequently asked questions
What is the NAV of Mahindra Manulife ELSS Tax Saver Fund today?
The NAV of Mahindra Manulife ELSS Tax Saver Fund (Direct plan, Growth) is ₹33.6683 and the Regular plan NAV is ₹28.141, as of 13 Nov 2026.
What returns has Mahindra Manulife ELSS Tax Saver Fund given?
Over the last year the Direct plan returned -2.34%, and 10.31% a year over 3 years and 9.54% a year over 5 years. That places it 30 of 37 funds in its category over 3 years. Past returns do not guarantee future returns.
What is the expense ratio of Mahindra Manulife ELSS Tax Saver Fund?
The Direct plan charges 1.07% a year, as disclosed on 30 Sept 2026. The fee is already taken out of the NAV, so the returns above are what you keep.
What is the minimum SIP amount in Mahindra Manulife ELSS Tax Saver Fund?
You can start a monthly SIP with ₹500, or invest a lump sum of ₹500 or more.
How much has Mahindra Manulife ELSS Tax Saver Fund fallen in the past?
Its deepest fall was 35.9% from 9 Jan 2018 to 23 Mar 2020. Of every one-year stretch in its history, 79% ended in a gain.
Which category does Mahindra Manulife ELSS Tax Saver Fund belong to?
It is a ELSS (Tax Saver) Fund from Mahindra Manulife Mutual Fund. Equity Linked Savings Schemes: diversified equity funds with a 3-year lock-in. Investments qualify for the Section 80C deduction (up to ₹1.5 lakh) under the old tax regime.
What is the difference between the Direct and Regular plan?
Both invest in the same portfolio. The Direct plan is bought straight from the fund house or a direct platform and has a lower expense ratio because no distributor commission is paid, so its NAV grows slightly faster over time.
How are gains from Mahindra Manulife ELSS Tax Saver Fund taxed?
Gains are taxed as equity: sell within 12 months and the gain is short-term, taxed at 20%. Hold longer and it is long-term, taxed at 12.5% on gains above ₹1.25 lakh in a financial year, across all your equity investments.
Source: NAVs published by the fund house through AMFI. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance does not guarantee future returns. This page is for information only and is not a recommendation to buy or sell.