The Scheme seeks to generate long-term capital appreciation through a diversified portfolio of equity and equity related securities.
Exit Load--
Stamp duty on investment0.005% (from July 1st, 2020)
Tax implicationsIf you redeem within one year, your returns will be taxed at 20%. For redemptions after one year, returns exceeding ₹1.25 lakh in a financial year will be taxed at 12.5%.
Neelesh Dhamnaskar
Mr. Dhamnaskar is a B.Com (H)and MMS (Finance).
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.
Common questions about this fund, answered from scheme data
The latest Net Asset Value (NAV) of Mahindra Manulife ELSS Tax Saver Fund is ₹27.81 as of 2026-08-28.
Mahindra Manulife ELSS Tax Saver Fund is classified as a ELSS fund.
The Assets Under Management (AUM) of Mahindra Manulife ELSS Tax Saver Fund is ₹2,023 Cr.
The expense ratio of Mahindra Manulife ELSS Tax Saver Fund is 2.55%.
Mahindra Manulife ELSS Tax Saver Fund is managed by Neelesh Dhamnaskar.
The minimum SIP investment for Mahindra Manulife ELSS Tax Saver Fund is ₹500.
As per the SEBI Riskometer, Mahindra Manulife ELSS Tax Saver Fund carries a Very High risk level.
Mahindra Manulife ELSS Tax Saver Fund has delivered -0.9% (1Y), 8.48% (3Y) and 9.25% (5Y) annualised returns as of 2026-08-28.
Mahindra Manulife ELSS Tax Saver Fund was launched on 2016-02-04.
Open an account with Indiabulls Securities, complete your KYC, and invest via SIP or a one-time lumpsum through our platform.
A Systematic Investment Plan (SIP) lets you invest a fixed amount at regular intervals (e.g., monthly) instead of a single lumpsum.
There is no separate brokerage on mutual fund units. The AMC charges an expense ratio, which is already reflected in the NAV. An exit load may apply if you redeem before the specified period.
Mutual fund NAVs are declared once per business day after market close, in line with SEBI norms.
The FAQs above are generated from data provided by the AMC and are for educational purposes only. They do not constitute financial advice, buy/sell recommendations, or return guarantees. Mutual fund investments are subject to market risks — read all scheme-related documents carefully before investing. Past performance is not indicative of future returns.
