Sharpe ratio
0.46Return earned for the risk taken.
Moderate
Moderate risk-adjusted returns. The reward for risk has been average.
-2.34%1Y Absolute Return
-0.34%1D
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Past performance is not an indicator of future returns.
Returns calculator comparison
Compare an illustrative investment outcome across return assumptions.
| Asset | Projected corpus | Total invested | Gain | Annual return |
|---|---|---|---|---|
| Mahindra Manulife ELSS Tax Saver Fund - Direct Plan -GrowthFund 5Y annualised return | ₹9,24,907 | ₹7,32,612 | ₹1,92,295 | +9.55% |
| EPFIllustrative annual assumption | ₹8,95,132 | ₹7,32,612 | ₹1,62,520 | +8.25% |
| Residential propertyIllustrative annual assumption | ₹8,67,662 | ₹7,32,612 | ₹1,35,050 | +7.00% |
| PPFIllustrative annual assumption | ₹8,69,819 | ₹7,32,612 | ₹1,37,207 | +7.10% |
| Bank fixed depositIllustrative annual assumption | ₹8,56,981 | ₹7,32,612 | ₹1,24,369 | +6.50% |
| GoldIllustrative annual assumption | ₹8,67,662 | ₹7,32,612 | ₹1,35,050 | +7.00% |
| Savings accountIllustrative annual assumption | ₹7,86,827 | ₹7,32,612 | ₹54,215 | +3.00% |
Illustration only. Fund results use the available NAV-derived annualised return and can be negative. Reference rows are assumptions, not current quoted rates or guaranteed returns; property excludes transaction costs, taxes, and liquidity constraints. Mutual fund investments are subject to market risk.
Wealth multiple
₹1 became₹1.13
₹1 Lakh since launch₹1.13 Lakh
Fund age10.1 yrs
Fund information
Scheme code139781
ISININF174V01093
BenchmarkNIFTY 500 TRI
CategoryEquity Scheme - ELSS
Expense ratio1.14%
Exit loadNil
Minimum SIP₹500 SIP
Return comparison
140th / 192 in category| Period | Fund | Benchmark | Category avg |
|---|---|---|---|
| 1M | +178.67% | — | — |
| 3M | +2.48% | — | — |
| 6M | +13.09% | — | — |
| 1Y | -2.34% | — | -0.21% |
| 3Y | +10.32% | — | +9.69% |
| 5Y | +9.55% | — | +7.74% |
| 10Y | +12.84% | — | — |
| Since Launch | +12.78% | — | — |
Risk-adjusted performance
Every measure is expanded with a plain-language reading of the latest calculated value.
Sortino ratio
0.63Return earned while limiting downside risk.
Moderate
Moderate downside risk-adjusted performance.
Standard deviation
13.98%How much the fund’s returns fluctuate over time.
Moderate volatility
Returns can move up and down noticeably.
Beta
—How closely the fund moves with the market.
Unavailable
This measure needs sufficient fund and benchmark history to calculate.
Alpha
—Extra return generated above the benchmark.
Unavailable
This measure needs sufficient fund and benchmark history to calculate.
Treynor ratio
—Return earned for each unit of market risk taken.
Unavailable
This measure needs sufficient fund and benchmark history to calculate.
Calmar ratio
0.36How well the fund rewarded investors relative to its biggest decline.
Low
Returns have been modest compared to the drawdowns experienced.
Information ratio
—How consistently the fund outperformed its benchmark.
Unavailable
This measure needs sufficient fund and benchmark history to calculate.
Portfolio allocation
Latest disclosed portfolio mix
Asset allocation
Portfolio100%
Equity97.52%
Cash2.46%
Market cap allocation
Sector allocation
Equity exposure by sector
Top holdings
10 of 59 disclosed positions
| Holding | Sector | Instrument type | Weight |
|---|---|---|---|
| ICICI Bank Ltd | Financial | Equity | 9.48% |
| HDFC Bank Ltd | Financial | Equity | 7.64% |
| Bharti Airtel Ltd | Technology | Equity | 4.23% |
| Bajaj Finance Ltd | Financial | Equity | 3.5% |
| Reliance Industries Ltd | Energy & Utilities | Equity | 3.18% |
| Larsen & Toubro Ltd | Industrials | Equity | 3.05% |
| Infosys Ltd | Technology | Equity | 2.87% |
| Maruti Suzuki India Ltd | Consumer Discretionary | Equity | 2.38% |
| Axis Bank Ltd | Financial | Equity | 2.37% |
| Kotak Mahindra Bank Ltd | Financial | Equity | 2.26% |
Fund management
NE
Neelesh Dhamnaskar
Since 2026 · Prior to joining Mahindra Manulife Mutual Fund, he has worked with Invesco MF, ENAM Securities Direct Pvt. Ltd. and KR Choksey Shares and Securities Pvt. Ltd. He has also worked with Anand Rathi Ltd., as Commodity Research Analyst.
Mr. Dhamnaskar is a B.Com (H)and MMS (Finance).
FA
Fatema Pacha
Since 2020 · Prior to joining Mahindra Manulife Mutual Fund, she was associated with ICICI Prudential Life Insurance and UTI Mutual Fund.
Ms. Pacha has done PGDBM (Finance) and BE (Computers)
Compare similar funds
No comparable category funds are available yet.
Summary
A very high-risk equity scheme - elss fund. Ahead of its category average over 3Y by 0.6 points. Has fallen sharply before — down -35.9% at its worst.
Strengths
- Ahead of its category average over 3Y by 0.6 points.
- Same fund manager for 6+ years — the strategy has not chopped and changed.
Weaknesses
- Has fallen sharply before — down -35.9% at its worst.
- Ranks 140 of 192 in its category over 1 year.
Ideal investor
- Needs a 5+ years (3-year lock-in) horizon to ride out its very high risk level.
- Good fit for SIPs — spreading purchases smooths out 14.0% volatility.
Risk drivers
- None