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Mahindra Manulife ELSS Fund

An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit

Type : Mutual Fund

Asset Class : ELSS

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Fund Summary
Min Investment 500
Min SIP 500
Lock In Period3 Years
Exit LoadNIL

Fund Manager : Ms. Fatema Pacha

Total Experience: 17 years of work experience in the investment function including fund management and research

Experience in managing this fund : Managing since October 16, 2020

Fund Manager : Mr. Manish Lodha

Total Experience: Combined work experience of over 22 years of which around 11 years have been in the Mutual Fund Industry, 4 years in Life Insurance Industry in the field of equity research and fund management.

Experience in managing this fund : Managing since December 21, 2020

Mahindra Manulife ELSS Fund

Investors Understands that their principal will be at risk

  • Scheme Overview
  • Scheme Documents and Forms

Investment Objective:

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.

Product Benefits:

  • Potential Capital Appreciation: Scheme invests in a diversified equity portfolio thereby offering you the possibility of growing your investments.
  • Tax Benefit: Investments in this scheme are entitled to tax exemption under section 80C. Possibility of saving upto Rs 51,480/-#.
  • Lock-in Feature: This feature endeavors to protect your investments from impact of short term market volatility. Lock-in of only 3 years! Other traditional tax savings options may have longer holding periods.

#Assuming investor uses the entire Rs 1.50 lac limit available under section 80C of the Income Tax Act 1961 for investing in Mahindra Manulife ELSS Kar Bachat Yojana. The tax benefi­t is calculated on the basis of current applicable tax rates under the old regime (Refer Note at the end of the page), ignoring marginal relief on surcharge, if any, for net taxable income between Rs 50 lacs and Rs 1 crore. Please consult your Financial / tax advisor before investing.

Note: The Finance Act 2020 has introduced a new income tax regime at concessional tax rates for individual taxpayers. However, the option for such concessional tax regime requires the taxpayer to forego certain specifi­ed deductions including deduction u/s 80C of Income Tax Act, 1961

Potential Risk Classification (PRC)
Fund Performance:
Mahindra Manulife ELSS Fund CAGR Returns (%) Value of Investment of 10,000* (Rs) NAV / Index Value (as on Apr 28, 2023)
Managed by Ms. Fatema Pacha and Mr. Manish Lodha 1 Year 3 Years 5 Years Since Inception 1 Year 3 Years 5 Years Since Inception
Regular Plan - Growth Option 5.67 25.02 10.11 10.59 10,565 19,515 16,184 19,298 19.2984
Direct Plan - Growth Option 7.52 27.15 12.06 12.72 10,749 20,530 17,666 21,855 21.8552
Nifty 500 TRI Index^ 4.05 25.17 11.14 12.68 10,404 19,585 16,949 21,798 23,643.94
Nifty 50 TRI^^ 6.91 23.78 12.31 13.23 10,689 18,945 17,865 22,504 26,302.92

^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 18-Oct-16. Past performance may or may not be sustained in future and should not be used as a basis of comparison with other investments. Since inception returns of the scheme is calculated on face value of Rs. 10 invested at inception. The performance details provided above are of Growth Option under Regular and Direct Plan. Different Plans i.e Regular Plan and Direct Plan under the scheme has different expense structure. Ms. Fatema Pacha is managing this scheme since October 16, 2020. Mr Manish Lodha is managing this scheme since December 21,2020. *Based on standard investment of Rs. 10,000 made at the beginning of the relevant period.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.