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 Jul 2026 Comparing Jun 2026 → Jul 2026

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Stocks Held

Jul 2026

Equity Holdings

₹882.41 Cr

Equity only, excl. debt & cash

AAUM

₹842.96 Cr

Apr-Jun 2026 · Direct + Regular

Top 5 Weight

28.1%

Moderate

Top 10 Weight

40.7%

Moderate

Changes

0 new · 0 exits

Top Sector

Banks

23.6% 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 Among existing holdings, TVS Motor Company Limited saw the biggest increase — now at 2.47% of the portfolio. HDFC Bank Limited was trimmed the most, now at 7.01%. ICICI Bank Limited remains the top holding with Banks the dominant sector at 23.6%. ↓ 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

+2.88%

+4.04%

-1.89%

-1.11%

Latest NAV

₹33.20

24 Aug 2026

52W High

₹34.98

-5% from High

52W Low

₹28.70

+16% 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

15.2%

+ve in 81% windows

91.5% / -30.0%

3Y Rolling Avg

16.1% 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)

0.31

Return per unit of risk. >1 is good.

Sortino Ratio (3Y)

0.43

Penalises downside volatility only.

Std Deviation (3Y)

13.1%

Lower = more consistent returns.

NAV Chart ₹33.20 24 Aug 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: ₹33.20

Sector Shift Industry allocation month-over-month

May 2026 → Jun 2026

Sector	Prev	Curr ▼	Delta
Banks	22.5%	24.4%	▲ +1.9%
IT - Software	8.3%	7.3%	▼ -1.0%
Retailing	7.1%	7.3%	▲ +0.2%
Finance	5.3%	7.1%	▲ +1.8%
Automobiles	5.4%	6.8%	▲ +1.5%
Pharmaceuticals & Biotechnology	6.9%	6.8%	● -0.1%
Telecom - Services	5.5%	5.2%	▼ -0.4%
Consumer Durables	4.4%	4.6%	▲ +0.2%
Petroleum Products	3.3%	3.2%	▼ -0.1%
Construction	3.1%	3.1%	● 0.0%

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%

↑

Biggest Add

TVS Motor Company Limited

+0.44% · now 2.47%

↓

Biggest Trim

HDFC Bank Limited

-0.63% · now 7.01%

What Changed in the Portfolio This Month?

Comparing Jun 2026 → Jul 2026

Jun 2026 → Jul 2026

↑ 24 Increased ↓ 30 Decreased

#	Stock	Sector	Jun 2026	Jul 2026	Change
1	TVS Motor Company Limited ₹22.32 Cr	Automobiles	2.03%	2.47%	+0.44%
2	Bajaj Finance Limited ₹35.15 Cr	Finance	3.50%	3.89%	+0.39%
3	Tata Consultancy Services Limited ₹21.29 Cr	IT - Software	2.07%	2.35%	+0.28%
4	Info Edge (India) Limited ₹12.83 Cr	Retailing	1.16%	1.42%	+0.26%
5	Tech Mahindra Limited ₹15.36 Cr	IT - Software	1.48%	1.70%	+0.22%
6	Eternal Limited ₹17.39 Cr	Retailing	1.72%	1.92%	+0.20%
7	ICICI Bank Limited ₹87.46 Cr	Banks	9.48%	9.67%	+0.19%
8	LTIMindtree Limited ₹9.93 Cr	IT - Software	0.91%	1.10%	+0.19%
9	Bharti Airtel Limited ₹39.83 Cr	Telecom - Services	4.23%	4.40%	+0.17%
10	Jubilant Ingrevia Limited ₹9.02 Cr	Chemicals & Petrochemicals	0.84%	1.00%	+0.16%
11	Hindustan Unilever Limited ₹21.43 Cr	Diversified FMCG	2.23%	2.37%	+0.14%
12	Godrej Properties Limited ₹12.26 Cr	Realty	1.23%	1.36%	+0.13%
13	Dr. Lal Path Labs Limited ₹10.12 Cr	Healthcare Services	0.99%	1.12%	+0.13%
14	IndusInd Bank Limited ₹16.40 Cr	Banks	1.69%	1.81%	+0.12%
15	Titan Company Limited ₹14.24 Cr	Consumer Durables	1.45%	1.57%	+0.12%
16	UNO Minda Limited ₹17.24 Cr	Auto Components	1.80%	1.91%	+0.11%
17	Eicher Motors Limited ₹11.75 Cr	Automobiles	1.20%	1.30%	+0.10%
18	Sun Pharmaceutical Industries Limited ₹14.53 Cr	Pharmaceuticals & Biotechnology	1.54%	1.61%	+0.07%
19	Nestle India Limited ₹9.68 Cr	Food Products	1.02%	1.07%	+0.05%
20	GlaxoSmithKline Pharmaceuticals Limited ₹7.99 Cr	Pharmaceuticals & Biotechnology	0.83%	0.88%	+0.05%
21	Hindustan Aeronautics Limited ₹9.29 Cr	Aerospace & Defense	0.99%	1.03%	+0.04%
22	Aarti Industries Limited ₹8.80 Cr	Chemicals & Petrochemicals	0.93%	0.97%	+0.04%
23	Voltas Limited ₹9.17 Cr	Consumer Durables	1.00%	1.01%	+0.01%
24	Marico Limited ₹8.71 Cr	Agricultural Food & other Products	0.95%	0.96%	+0.01%

#	Stock	Sector	Jun 2026	Jul 2026	Change
1	HDFC Bank Limited ₹63.37 Cr	Banks	7.64%	7.01%	-0.63%
2	Dr. Reddy's Laboratories Limited ₹9.87 Cr	Pharmaceuticals & Biotechnology	1.55%	1.09%	-0.46%
3	Infosys Limited ₹23.01 Cr	IT - Software	2.87%	2.54%	-0.33%
4	Axis Bank Limited ₹19.18 Cr	Banks	2.37%	2.12%	-0.25%
5	Larsen & Toubro Limited ₹25.67 Cr	Construction	3.05%	2.84%	-0.21%
6	Suzlon Energy Limited ₹7.20 Cr	Electrical Equipment	1.00%	0.80%	-0.20%
7	Trent Limited ₹12.02 Cr	Retailing	1.49%	1.33%	-0.16%
8	Bandhan Bank Limited ₹7.34 Cr	Banks	0.97%	0.81%	-0.16%
9	Mankind Pharma Limited ₹14.04 Cr	Pharmaceuticals & Biotechnology	1.64%	1.55%	-0.09%
10	InterGlobe Aviation Limited ₹11.89 Cr	Transport Services	1.40%	1.31%	-0.09%
11	CG Power and Industrial Solutions Limited ₹6.48 Cr	Electrical Equipment	0.81%	0.72%	-0.09%
12	Avenue Supermarts Limited ₹17.64 Cr	Retailing	2.03%	1.95%	-0.08%
13	Crompton Greaves Consumer Electricals Limited ₹9.39 Cr	Consumer Durables	1.12%	1.04%	-0.08%
14	Tata Motors Passenger Vehicles Limited ₹10.46 Cr	Automobiles	1.23%	1.16%	-0.07%
15	Kotak Mahindra Bank Limited ₹19.91 Cr	Banks	2.26%	2.20%	-0.06%
16	LG Electronics India Ltd ₹8.59 Cr	Consumer Durables	1.01%	0.95%	-0.06%
17	HDFC Life Insurance Company Limited ₹7.68 Cr	Insurance	0.91%	0.85%	-0.06%
18	Arvind Fashions Limited ₹7.42 Cr	Retailing	0.88%	0.82%	-0.06%
19	Elgi Equipments Limited ₹7.24 Cr	Industrial Products	0.86%	0.80%	-0.06%
20	Tata Power Company Limited ₹13.40 Cr	Power	1.53%	1.48%	-0.05%
21	Grindwell Norton Limited ₹9.18 Cr	Industrial Products	1.06%	1.01%	-0.05%
22	Reliance Industries Limited ₹28.44 Cr	Petroleum Products	3.18%	3.14%	-0.04%
23	Maruti Suzuki India Limited ₹21.21 Cr	Automobiles	2.38%	2.34%	-0.04%
24	Fortis Healthcare Limited ₹9.58 Cr	Healthcare Services	1.10%	1.06%	-0.04%
25	Doms Industries Limited ₹8.69 Cr	Household Products	1.00%	0.96%	-0.04%
26	Tata Capital Limited ₹11.73 Cr	Finance	1.33%	1.30%	-0.03%
27	Shriram Finance Limited ₹11.11 Cr	Finance	1.25%	1.23%	-0.02%
28	JK Cement Limited ₹9.93 Cr	Cement & Cement Products	1.12%	1.10%	-0.02%
29	L&T Finance Limited ₹8.72 Cr	Finance	0.98%	0.96%	-0.02%
30	Indus Towers Limited ₹8.41 Cr	Telecom - Services	0.95%	0.93%	-0.02%

What Stocks Does This Fund Hold?

55 stocks — Jul 2026

#	Stock	Sector	Weight & Value
1	ICICI Bank Limited ₹87.46 Cr	Banks	9.67%
2	HDFC Bank Limited ₹63.37 Cr	Banks	7.01%
3	Bharti Airtel Limited ₹39.83 Cr	Telecom - Services	4.40%
4	Bajaj Finance Limited ₹35.15 Cr	Finance	3.89%
5	Reliance Industries Limited ₹28.44 Cr	Petroleum Products	3.14%
6	Larsen & Toubro Limited ₹25.67 Cr	Construction	2.84%
7	Infosys Limited ₹23.01 Cr	IT - Software	2.54%
8	TVS Motor Company Limited ₹22.32 Cr	Automobiles	2.47%
9	Hindustan Unilever Limited ₹21.43 Cr	Diversified FMCG	2.37%
10	Tata Consultancy Services Limited ₹21.29 Cr	IT - Software	2.35%
11	Maruti Suzuki India Limited ₹21.21 Cr	Automobiles	2.34%
12	Kotak Mahindra Bank Limited ₹19.91 Cr	Banks	2.20%
13	Axis Bank Limited ₹19.18 Cr	Banks	2.12%
14	Avenue Supermarts Limited ₹17.64 Cr	Retailing	1.95%
15	Eternal Limited ₹17.39 Cr	Retailing	1.92%
16	UNO Minda Limited ₹17.24 Cr	Auto Components	1.91%
17	IndusInd Bank Limited ₹16.40 Cr	Banks	1.81%
18	Tech Mahindra Limited ₹15.36 Cr	IT - Software	1.70%
19	Sun Pharmaceutical Industries Limited ₹14.53 Cr	Pharmaceuticals & Biotechnology	1.61%
20	Titan Company Limited ₹14.24 Cr	Consumer Durables	1.57%
21	Mankind Pharma Limited ₹14.04 Cr	Pharmaceuticals & Biotechnology	1.55%
22	Tata Power Company Limited ₹13.40 Cr	Power	1.48%
23	Info Edge (India) Limited ₹12.83 Cr	Retailing	1.42%
24	Godrej Properties Limited ₹12.26 Cr	Realty	1.36%
25	Trent Limited ₹12.02 Cr	Retailing	1.33%
26	InterGlobe Aviation Limited ₹11.89 Cr	Transport Services	1.31%
27	Tata Capital Limited ₹11.73 Cr	Finance	1.30%
28	Eicher Motors Limited ₹11.75 Cr	Automobiles	1.30%
29	Neuland Laboratories Limited ₹11.43 Cr	Pharmaceuticals & Biotechnology	1.26%
30	Shriram Finance Limited ₹11.11 Cr	Finance	1.23%
31	Tata Motors Passenger Vehicles Limited ₹10.46 Cr	Automobiles	1.16%
32	Dr. Lal Path Labs Limited ₹10.12 Cr	Healthcare Services	1.12%
33	JK Cement Limited ₹9.93 Cr	Cement & Cement Products	1.10%
34	LTIMindtree Limited ₹9.93 Cr	IT - Software	1.10%
35	Dr. Reddy's Laboratories Limited ₹9.87 Cr	Pharmaceuticals & Biotechnology	1.09%
36	Nestle India Limited ₹9.68 Cr	Food Products	1.07%
37	Fortis Healthcare Limited ₹9.58 Cr	Healthcare Services	1.06%
38	Crompton Greaves Consumer Electricals Limited ₹9.39 Cr	Consumer Durables	1.04%
39	Hindustan Aeronautics Limited ₹9.29 Cr	Aerospace & Defense	1.03%
40	Grindwell Norton Limited ₹9.18 Cr	Industrial Products	1.01%
41	Voltas Limited ₹9.17 Cr	Consumer Durables	1.01%
42	Jubilant Ingrevia Limited ₹9.02 Cr	Chemicals & Petrochemicals	1.00%
43	Aarti Industries Limited ₹8.80 Cr	Chemicals & Petrochemicals	0.97%
44	L&T Finance Limited ₹8.72 Cr	Finance	0.96%
45	Marico Limited ₹8.71 Cr	Agricultural Food & other Products	0.96%
46	Doms Industries Limited ₹8.69 Cr	Household Products	0.96%
47	LG Electronics India Ltd ₹8.59 Cr	Consumer Durables	0.95%
48	Indus Towers Limited ₹8.41 Cr	Telecom - Services	0.93%
49	GlaxoSmithKline Pharmaceuticals Limited ₹7.99 Cr	Pharmaceuticals & Biotechnology	0.88%
50	HDFC Life Insurance Company Limited ₹7.68 Cr	Insurance	0.85%
51	Arvind Fashions Limited ₹7.42 Cr	Retailing	0.82%
52	Bandhan Bank Limited ₹7.34 Cr	Banks	0.81%
53	Elgi Equipments Limited ₹7.24 Cr	Industrial Products	0.80%
54	Suzlon Energy Limited ₹7.20 Cr	Electrical Equipment	0.80%
55	CG Power and Industrial Solutions Limited ₹6.48 Cr	Electrical Equipment	0.72%