ReviewDirect · Growth
Mahindra Manulife ELSS Tax Saver Fund
Mahindra Manulife Mutual FundEquity Schemes - ELSS- Tax Saver Fund9.9 years
The Scheme seeks to generate long-term capital appreciation through a diversified portfolio of equity and equity related securities.
- NAV
- 31.5926
- 15 Sept 2026
- 1Y
- -6.7%
- Trailing CAGR
- Upside capture
- +92%
- Vs NIFTY 500 TRI
- Downside capture
- +90%
- Lower is better
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y-6.7%
- 3Y+6.9%
- 5Y+9.0%
- 10Yn/a
- SI+12.3%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y-8.5%
- 3Y+1.1%
- 5Y+7.4%
- 10Yn/a
- Since inception
- +12.3%
- Calendar-day CAGR
- Excess 1Y
- -7.8%
- Category median, same plan and option
- 3Y win rate
- +39%
- Windows beating the median
- 3Y percentile
- 0
- Vs comparable share classes
- Worst rolling 3Y
- -8.4%
- 1704 daily-ending windows
- Median rolling 3Y
- +16.7%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 1210 daily-ending windows
- SIP 3Y XIRR
- +1.1%
- Simulated monthly SIP
Official benchmark
Date-aligned against NIFTY 500 TRI. Capture ratios use common month-end observations through 15 Sept 2026.
- 1Y excess
- -4.4%
- Fund minus TRI
- 3Y excess
- -2.5%
- Fund minus TRI
- Upside capture
- +92%
- Benchmark-up months
- Downside capture
- +90%
- Lower is better
Drawdown
Peak to trough from a running NAV high. Move across the path to read a date.
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 11 days
- 120 recovered episodes
- Longest recovery
- 234 days
- Trough to prior peak
- Current spell
- 256 days
- Days below latest peak
- Time below peak
- +87%
- NAV observations
9 Jan 2018 – 11 Nov 2020
Trough 23 Mar 2020 · recovered in 233 days
-35.9%
17 Jan 2022 – 13 Sept 2022
Trough 17 Jun 2022 · recovered in 88 days
-17.6%
26 Sept 2024 – 20 Oct 2025
Trough 28 Feb 2025 · recovered in 234 days
-16.4%
2 Jan 2026 – open
Trough 31 Mar 2026 · not recovered
-14.7%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
0
Vs category
1
Consistency
40
Risk-adjusted
51
Drawdown
10
Mean
20
Portfolio
31 Aug 2026 · 58 holdings · top 10 are 40.7%.
- Top 5
- 28.1%
- Top 10
- 40.7%
- Largest holding
- 9.9%
- Effective holdings
- 32.5
ICICI Bank Ltd
Financial
9.9%
HDFC Bank Ltd
Financial
6.7%
Bharti Airtel Ltd
Technology
4.1%
Repo
Unspecified
3.9%
Bajaj Finance Ltd
Financial
3.6%
What changed
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
11 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
10 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
8 Sept 2026
Decision
Quantitative read of the live evidence. An explanation can only restate what is already here.
As of 15 Sept 2026
Review
Engine status
Review
Closer look
Why this status
- Long-term category-relative performance remains stronger than the most recent rolling 1-year windows, which have deteriorated across multiple periods.
- Three-year return sits below the 25th percentile of comparable share classes.
- Maximum drawdown exceeded 35%.
Supporting reads
- Risk-adjusted return sits above the documented risk-free proxy.
Worth investigating
Same-category peers with enough history to inspect beside this fund.
WhiteOak Capital ELSS Tax Saver Fund
WhiteOak Capital Mutual Fund
- 1Y
- +1.9%
- 3Y
- +15.2%
- Vol
- 13.2%
- Max DD
- -16.4%
- Sharpe
- 0.91
- 3Y win
- +100%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Axis ELSS- Tax Saver Fund
Axis Mutual Fund
- 1Y
- -1.8%
- 3Y
- +9.8%
- Vol
- 15.2%
- Max DD
- -33.5%
- Sharpe
- 0.70
- 3Y win
- +50%
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility
Bajaj Finserv ELSS - Tax Saver Fund
Bajaj Finserv Mutual Fund
- 1Y
- +2.5%
- 3Y
- n/a
- Vol
- 13.0%
- Max DD
- -13.5%
- Sharpe
- 0.36
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
Caveat: Higher TER · Lower trailing returns
BANK OF INDIA ELSS TAX SAVER FUND
Bank of India Mutual Fund
- 1Y
- +1.5%
- 3Y
- +11.0%
- Vol
- 16.4%
- Max DD
- -31.7%
- Sharpe
- 0.71
- 3Y win
- +73%
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Higher TER
HSBC ELSS Tax saver Fund
HSBC Mutual Fund
- 1Y
- +5.6%
- 3Y
- +15.5%
- Vol
- 15.4%
- Max DD
- -19.2%
- Sharpe
- 0.76
- 3Y win
- +100%
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility