What stocks does Mahindra Manulife ELSS Tax Saver Fund hold?

Mahindra Manulife ELSS Tax Saver Fund holds a portfolio of Indian equity stocks disclosed monthly by Mahindra Manulife Mutual Fund to AMFI. The complete current holdings with weights and month-over-month changes are available on this page. Data is sourced from official AMFI portfolio disclosures.

Which AMC manages Mahindra Manulife ELSS Tax Saver Fund?

Mahindra Manulife ELSS Tax Saver Fund is managed by Mahindra Manulife Mutual Fund, a SEBI-registered Asset Management Company in India.

What category is Mahindra Manulife ELSS Tax Saver Fund?

Mahindra Manulife ELSS Tax Saver Fund is classified as a ELSS mutual fund under SEBI's mutual fund categorisation framework.

How often is Mahindra Manulife ELSS Tax Saver Fund portfolio data updated?

Portfolio holdings for Mahindra Manulife ELSS Tax Saver Fund are updated monthly. SEBI mandates all AMCs to disclose their complete portfolio within 10 days of each month end. RightAdvise sources this data directly from official AMFI portfolio disclosures.

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Mahindra Manulife ELSS Tax Saver Fund - Direct Plan -Growth

ELSS Data as of Aug 2026 Comparing Jul 2026 → Aug 2026

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Stocks Held

Aug 2026

Equity Holdings

₹857.81 Cr

Equity only, excl. debt & cash

AAUM

₹842.96 Cr

Apr-Jun 2026 · Direct + Regular

Top 5 Weight

27.4%

Moderate

Top 10 Weight

40.1%

Moderate

Changes

0 new · 1 exits

Top Sector

Banks

23.9% of portfolio

Launch Date

22 Aug 2016

10 years old

AAUM (Average Assets Under Management) of ₹842.96 Cr for Apr-Jun 2026 is the combined figure across Direct and Regular plans — sourced from AMFI India's quarterly disclosure. Equity Holdings above shows only the stock portion from the latest portfolio filing.

📋 What Happened This Month Mahindra Manulife ELSS Tax Saver Fund exited 1 stock from its portfolio this month. Tata Consultancy Services Limited was the biggest exit (IT - Software), which was held at 2.35%. Among existing holdings, Neuland Laboratories Limited saw the biggest increase — now at 1.54% of the portfolio. Bharti Airtel Limited was trimmed the most, now at 4.09%. ICICI Bank Limited remains the top holding with Banks the dominant sector at 23.9%. ↓ Scroll down for full holdings, sector allocation and month-on-month changes in detail.

How Has the NAV Performed?

1 year history · Mahindra Manulife ELSS Tax Saver Fund - Direct Plan -Growth

-4.26%

-0.22%

+1.30%

-5.35%

Latest NAV

₹32.04

11 Sep 2026

52W High

₹34.98

-8% from High

52W Low

₹29.12

+10% from Low

Calendar Year Returns

Jan 1 to Dec 31 each year. Simple point-to-point — not CAGR.

2025

+9.2%

2024

+14.1%

2023

+27.8%

2022

+3.8%

2021

+41.8%

2020

+16.0%

2019

+6.3%

2018

-7.8%

2017

+27.8%

Rolling Returns

Performance across every possible investment start date.

1Y Rolling Avg

15.1%

+ve in 81% windows

91.5% / -30.0%

3Y Rolling Avg

16.0% p.a.

+ve in 94% windows

37.3% / -8.1%

5Y Rolling Avg

17.3% p.a.

+ve in 100% windows

30.7% / 9.5%

Crisis Period Behaviour

"Pre-inception" = fund didn't exist during that period.

2024–25 Tariff

-16.3%

Rec: Oct 2025 (11 mo)

COVID-19 Crash

-34.7%

Rec: Nov 2020 (11 mo)

2022 Rate Hike

-17.6%

Rec: Sep 2022 (4 mo)

2018 IL&FS

-12.9%

Rec: Oct 2019 (1yr 6mo)

Risk Ratios

3 years daily NAV · Risk-free rate 6.5% p.a. · CAGR, Sharpe Ratio & Standard Deviation — Mutual Fund Guide →

Sharpe Ratio (3Y)

0.24

Return per unit of risk. >1 is good.

Sortino Ratio (3Y)

0.33

Penalises downside volatility only.

Std Deviation (3Y)

13.1%

Lower = more consistent returns.

NAV Chart ₹32.04 11 Sep 2026

Simple Moving Avg: Click to draw · click again to remove

Mahindra Manulife ELSS Tax Saver Fund - Direct Plan -Growth

Chart shows indexed performance (base = 100). Actual NAV: ₹32.04

Sector Shift Industry allocation month-over-month

Jun 2026 → Jul 2026

Sector	Prev	Curr ▼	Delta
Banks	24.4%	23.6%	▼ -0.8%
IT - Software	7.3%	7.7%	▲ +0.4%
Retailing	7.3%	7.4%	▲ +0.2%
Finance	7.1%	7.4%	▲ +0.3%
Automobiles	6.8%	7.3%	▲ +0.4%
Pharmaceuticals & Biotechnology	6.8%	6.4%	▼ -0.4%
Telecom - Services	5.2%	5.3%	▲ +0.2%
Consumer Durables	4.6%	4.6%	● 0.0%
Petroleum Products	3.2%	3.1%	● 0.0%
Construction	3.1%	2.8%	▼ -0.2%

Jul 2026 → Aug 2026

Sector	Prev	Curr ▼	Delta
Banks	23.6%	23.9%	▲ +0.3%
Retailing	7.4%	7.7%	▲ +0.3%
Finance	7.4%	7.3%	▼ -0.1%
Automobiles	7.3%	7.2%	▼ -0.1%
Pharmaceuticals & Biotechnology	6.4%	6.8%	▲ +0.5%
IT - Software	7.7%	5.4%	▼ -2.3%
Telecom - Services	5.3%	5.0%	▼ -0.3%
Consumer Durables	4.6%	4.6%	● +0.1%
Petroleum Products	3.1%	3.1%	● 0.0%
Construction	2.8%	3.0%	▲ +0.1%

🔴

Biggest Exit

Tata Consultancy Services Limited

2.35% was held · IT - Software

↑

Biggest Add

Neuland Laboratories Limited

+0.28% · now 1.54%

↓

Biggest Trim

Bharti Airtel Limited

-0.31% · now 4.09%

👋 Other funds also exited

Tata Consultancy Services Limited 51 funds

What Changed in the Portfolio This Month?

Comparing Jul 2026 → Aug 2026

Jul 2026 → Aug 2026

🔴 1 Exit ↑ 29 Increased ↓ 20 Decreased

#	Stock	Sector	Last Weight (Jul 2026)
1	Tata Consultancy Services Limited ₹21.29 Cr	IT - Software	2.35%

#	Stock	Sector	Jul 2026	Aug 2026	Change
1	Neuland Laboratories Limited ₹13.81 Cr	Pharmaceuticals & Biotechnology	1.26%	1.54%	+0.28%
2	ICICI Bank Limited ₹88.60 Cr	Banks	9.67%	9.90%	+0.23%
3	Kotak Mahindra Bank Limited ₹21.39 Cr	Banks	2.20%	2.39%	+0.19%
4	Eternal Limited ₹18.87 Cr	Retailing	1.92%	2.11%	+0.19%
5	UNO Minda Limited ₹18.63 Cr	Auto Components	1.91%	2.08%	+0.17%
6	Axis Bank Limited ₹20.28 Cr	Banks	2.12%	2.27%	+0.15%
7	GlaxoSmithKline Pharmaceuticals Limited ₹9.18 Cr	Pharmaceuticals & Biotechnology	0.88%	1.03%	+0.15%
8	LG Electronics India Ltd ₹9.78 Cr	Consumer Durables	0.95%	1.09%	+0.14%
9	Larsen & Toubro Limited ₹26.36 Cr	Construction	2.84%	2.95%	+0.11%
10	Info Edge (India) Limited ₹13.73 Cr	Retailing	1.42%	1.53%	+0.11%
11	Titan Company Limited ₹14.90 Cr	Consumer Durables	1.57%	1.67%	+0.10%
12	Shriram Finance Limited ₹11.78 Cr	Finance	1.23%	1.32%	+0.09%
13	Elgi Equipments Limited ₹7.97 Cr	Industrial Products	0.80%	0.89%	+0.09%
14	Aarti Industries Limited ₹9.44 Cr	Chemicals & Petrochemicals	0.97%	1.05%	+0.08%
15	LTIMindtree Limited ₹10.33 Cr	IT - Software	1.10%	1.15%	+0.05%
16	CG Power and Industrial Solutions Limited ₹6.87 Cr	Electrical Equipment	0.72%	0.77%	+0.05%
17	Infosys Limited ₹23.08 Cr	IT - Software	2.54%	2.58%	+0.04%
18	TVS Motor Company Limited ₹22.47 Cr	Automobiles	2.47%	2.51%	+0.04%
19	InterGlobe Aviation Limited ₹12.04 Cr	Transport Services	1.31%	1.35%	+0.04%
20	Hindustan Aeronautics Limited ₹9.60 Cr	Aerospace & Defense	1.03%	1.07%	+0.04%
21	L&T Finance Limited ₹8.99 Cr	Finance	0.96%	1.00%	+0.04%
22	IndusInd Bank Limited ₹16.46 Cr	Banks	1.81%	1.84%	+0.03%
23	Eicher Motors Limited ₹11.93 Cr	Automobiles	1.30%	1.33%	+0.03%
24	Dr. Lal Path Labs Limited ₹10.28 Cr	Healthcare Services	1.12%	1.15%	+0.03%
25	Tata Capital Limited ₹11.81 Cr	Finance	1.30%	1.32%	+0.02%
26	Dr. Reddy's Laboratories Limited ₹9.93 Cr	Pharmaceuticals & Biotechnology	1.09%	1.11%	+0.02%
27	Avenue Supermarts Limited ₹17.55 Cr	Retailing	1.95%	1.96%	+0.01%
28	Sun Pharmaceutical Industries Limited ₹14.49 Cr	Pharmaceuticals & Biotechnology	1.61%	1.62%	+0.01%
29	Arvind Fashions Limited ₹7.47 Cr	Retailing	0.82%	0.83%	+0.01%

#	Stock	Sector	Jul 2026	Aug 2026	Change
1	Bharti Airtel Limited ₹36.60 Cr	Telecom - Services	4.40%	4.09%	-0.31%
2	HDFC Bank Limited ₹60.05 Cr	Banks	7.01%	6.71%	-0.30%
3	Bajaj Finance Limited ₹32.56 Cr	Finance	3.89%	3.64%	-0.25%
4	Hindustan Unilever Limited ₹20.07 Cr	Diversified FMCG	2.37%	2.24%	-0.13%
5	Tata Power Company Limited ₹12.21 Cr	Power	1.48%	1.37%	-0.11%
6	Tata Motors Passenger Vehicles Limited ₹9.51 Cr	Automobiles	1.16%	1.06%	-0.10%
7	Crompton Greaves Consumer Electricals Limited ₹8.52 Cr	Consumer Durables	1.04%	0.95%	-0.09%
8	Voltas Limited ₹8.24 Cr	Consumer Durables	1.01%	0.92%	-0.09%
9	Maruti Suzuki India Limited ₹20.19 Cr	Automobiles	2.34%	2.26%	-0.08%
10	Jubilant Ingrevia Limited ₹8.28 Cr	Chemicals & Petrochemicals	1.00%	0.92%	-0.08%
11	Godrej Properties Limited ₹11.73 Cr	Realty	1.36%	1.31%	-0.05%
12	JK Cement Limited ₹9.36 Cr	Cement & Cement Products	1.10%	1.05%	-0.05%
13	Reliance Industries Limited ₹27.77 Cr	Petroleum Products	3.14%	3.10%	-0.04%
14	Trent Limited ₹11.52 Cr	Retailing	1.33%	1.29%	-0.04%
15	Marico Limited ₹8.20 Cr	Agricultural Food & other Products	0.96%	0.92%	-0.04%
16	Bandhan Bank Limited ₹6.89 Cr	Banks	0.81%	0.77%	-0.04%
17	Fortis Healthcare Limited ₹9.20 Cr	Healthcare Services	1.06%	1.03%	-0.03%
18	Grindwell Norton Limited ₹8.76 Cr	Industrial Products	1.01%	0.98%	-0.03%
19	Tech Mahindra Limited ₹15.14 Cr	IT - Software	1.70%	1.69%	-0.01%
20	Mankind Pharma Limited ₹13.75 Cr	Pharmaceuticals & Biotechnology	1.55%	1.54%	-0.01%

What Stocks Does This Fund Hold?

54 stocks — Aug 2026

#	Stock	Sector	Weight & Value
1	ICICI Bank Limited ₹88.60 Cr	Banks	9.90%
2	HDFC Bank Limited ₹60.05 Cr	Banks	6.71%
3	Bharti Airtel Limited ₹36.60 Cr	Telecom - Services	4.09%
4	Bajaj Finance Limited ₹32.56 Cr	Finance	3.64%
5	Reliance Industries Limited ₹27.77 Cr	Petroleum Products	3.10%
6	Larsen & Toubro Limited ₹26.36 Cr	Construction	2.95%
7	Infosys Limited ₹23.08 Cr	IT - Software	2.58%
8	TVS Motor Company Limited ₹22.47 Cr	Automobiles	2.51%
9	Kotak Mahindra Bank Limited ₹21.39 Cr	Banks	2.39%
10	Axis Bank Limited ₹20.28 Cr	Banks	2.27%
11	Maruti Suzuki India Limited ₹20.19 Cr	Automobiles	2.26%
12	Hindustan Unilever Limited ₹20.07 Cr	Diversified FMCG	2.24%
13	Eternal Limited ₹18.87 Cr	Retailing	2.11%
14	UNO Minda Limited ₹18.63 Cr	Auto Components	2.08%
15	Avenue Supermarts Limited ₹17.55 Cr	Retailing	1.96%
16	IndusInd Bank Limited ₹16.46 Cr	Banks	1.84%
17	Tech Mahindra Limited ₹15.14 Cr	IT - Software	1.69%
18	Titan Company Limited ₹14.90 Cr	Consumer Durables	1.67%
19	Sun Pharmaceutical Industries Limited ₹14.49 Cr	Pharmaceuticals & Biotechnology	1.62%
20	Mankind Pharma Limited ₹13.75 Cr	Pharmaceuticals & Biotechnology	1.54%
21	Neuland Laboratories Limited ₹13.81 Cr	Pharmaceuticals & Biotechnology	1.54%
22	Info Edge (India) Limited ₹13.73 Cr	Retailing	1.53%
23	Tata Power Company Limited ₹12.21 Cr	Power	1.37%
24	InterGlobe Aviation Limited ₹12.04 Cr	Transport Services	1.35%
25	Eicher Motors Limited ₹11.93 Cr	Automobiles	1.33%
26	Tata Capital Limited ₹11.81 Cr	Finance	1.32%
27	Shriram Finance Limited ₹11.78 Cr	Finance	1.32%
28	Godrej Properties Limited ₹11.73 Cr	Realty	1.31%
29	Trent Limited ₹11.52 Cr	Retailing	1.29%
30	LTIMindtree Limited ₹10.33 Cr	IT - Software	1.15%
31	Dr. Lal Path Labs Limited ₹10.28 Cr	Healthcare Services	1.15%
32	Dr. Reddy's Laboratories Limited ₹9.93 Cr	Pharmaceuticals & Biotechnology	1.11%
33	LG Electronics India Ltd ₹9.78 Cr	Consumer Durables	1.09%
34	Nestle India Limited ₹9.60 Cr	Food Products	1.07%
35	Hindustan Aeronautics Limited ₹9.60 Cr	Aerospace & Defense	1.07%
36	Tata Motors Passenger Vehicles Limited ₹9.51 Cr	Automobiles	1.06%
37	Aarti Industries Limited ₹9.44 Cr	Chemicals & Petrochemicals	1.05%
38	JK Cement Limited ₹9.36 Cr	Cement & Cement Products	1.05%
39	Fortis Healthcare Limited ₹9.20 Cr	Healthcare Services	1.03%
40	GlaxoSmithKline Pharmaceuticals Limited ₹9.18 Cr	Pharmaceuticals & Biotechnology	1.03%
41	L&T Finance Limited ₹8.99 Cr	Finance	1.00%
42	Grindwell Norton Limited ₹8.76 Cr	Industrial Products	0.98%
43	Doms Industries Limited ₹8.58 Cr	Household Products	0.96%
44	Crompton Greaves Consumer Electricals Limited ₹8.52 Cr	Consumer Durables	0.95%
45	Indus Towers Limited ₹8.36 Cr	Telecom - Services	0.93%
46	Jubilant Ingrevia Limited ₹8.28 Cr	Chemicals & Petrochemicals	0.92%
47	Voltas Limited ₹8.24 Cr	Consumer Durables	0.92%
48	Marico Limited ₹8.20 Cr	Agricultural Food & other Products	0.92%
49	Elgi Equipments Limited ₹7.97 Cr	Industrial Products	0.89%
50	HDFC Life Insurance Company Limited ₹7.61 Cr	Insurance	0.85%
51	Arvind Fashions Limited ₹7.47 Cr	Retailing	0.83%
52	Suzlon Energy Limited ₹7.13 Cr	Electrical Equipment	0.80%
53	Bandhan Bank Limited ₹6.89 Cr	Banks	0.77%
54	CG Power and Industrial Solutions Limited ₹6.87 Cr	Electrical Equipment	0.77%