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 May 2026 Comparing Apr 2026 → May 2026

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Stocks Held

May 2026

Equity Holdings

₹828.02 Cr

Equity only, excl. debt & cash

Top 5 Weight

26.8%

Moderate

Top 10 Weight

40.0%

Moderate

Changes

1 new · 2 exits

Top Sector

Banks

22.5% of portfolio

📋 What Happened This Month Mahindra Manulife ELSS Tax Saver Fund made 1 new addition and exited 2 stocks this month. The biggest new buy was HDFC Life Insurance Company Limited (Insurance) at 0.69% weight. State Bank of India was the biggest exit (Banks), which was held at 1.92%. Among existing holdings, Grindwell Norton Limited saw the biggest increase — now at 0.92% of the portfolio. Tata Steel Limited was trimmed the most, now at 0.84%. ICICI Bank Limited remains the top holding with Banks the dominant sector at 22.5%. ↓ 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

+1.37%

+6.37%

-6.13%

-3.93%

Latest NAV

₹32.37

24 Jun 2026

52W High

₹34.98

-7% from High

52W Low

₹28.70

+13% 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

15.5%

+ve in 82% windows

91.5% / -30.0%

3Y Rolling Avg

16.2% p.a.

+ve in 94% windows

37.3% / -8.1%

5Y Rolling Avg

17.5% 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. What do these mean? →

Sharpe Ratio (3Y)

0.49

Return per unit of risk. >1 is good.

Sortino Ratio (3Y)

0.68

Penalises downside volatility only.

Std Deviation (3Y)

13.0%

Lower = more consistent returns.

NAV Chart ₹32.37 24 Jun 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: ₹32.37

Sector Shift Industry allocation month-over-month

Mar 2026 → Apr 2026

Sector	Prev	Curr ▼	Delta
Banks	22.3%	23.6%	▲ +1.3%
IT - Software	9.0%	8.4%	▼ -0.5%
Retailing	6.0%	7.1%	▲ +1.2%
Pharmaceuticals & Biotechnology	6.4%	6.2%	▼ -0.2%
Consumer Durables	7.3%	6.0%	▼ -1.3%
Finance	4.6%	5.4%	▲ +0.8%
Automobiles	4.7%	5.2%	▲ +0.5%
Telecom - Services	3.9%	5.0%	▲ +1.1%
Power	3.5%	3.6%	● +0.0%
Petroleum Products	4.7%	3.5%	▼ -1.2%

Apr 2026 → May 2026

Sector	Prev	Curr ▼	Delta
Banks	23.6%	22.5%	▼ -1.1%
IT - Software	8.4%	8.3%	▼ -0.1%
Retailing	7.1%	7.1%	● 0.0%
Pharmaceuticals & Biotechnology	6.2%	6.9%	▲ +0.7%
Telecom - Services	5.0%	5.5%	▲ +0.6%
Automobiles	5.2%	5.4%	▲ +0.2%
Finance	5.4%	5.3%	● -0.1%
Consumer Durables	6.0%	4.4%	▼ -1.7%
Petroleum Products	3.5%	3.3%	▼ -0.2%
Construction	2.9%	3.1%	▲ +0.1%

🟢

Biggest New Buy

HDFC Life Insurance Company Limited

0.69% weight · Insurance

🔴

Biggest Exit

State Bank of India

1.92% was held · Banks

↑

Biggest Add

Grindwell Norton Limited

+0.60% · now 0.92%

↓

Biggest Trim

Tata Steel Limited

-0.94% · now 0.84%

🤝 Other funds also bought this month

HDFC Life Insurance Company Limited 23 funds

👋 Other funds also exited

State Bank of India 29 funds

Dixon Technologies (India) Limited 12 funds

What Changed in the Portfolio This Month?

Comparing Apr 2026 → May 2026

Apr 2026 → May 2026

🟢 1 New Entry 🔴 2 Exits ↑ 36 Increased ↓ 19 Decreased

#	Stock	Sector	Weight (May 2026)
1	HDFC Life Insurance Company Limited ₹5.95 Cr	Insurance	0.69%

#	Stock	Sector	Last Weight (Apr 2026)
1	State Bank of India ₹17.10 Cr	Banks	1.92%
2	Dixon Technologies (India) Limited ₹9.16 Cr	Consumer Durables	1.03%

#	Stock	Sector	Apr 2026	May 2026	Change
1	Grindwell Norton Limited ₹7.97 Cr	Industrial Products	0.32%	0.92%	+0.60%
2	Jubilant Ingrevia Limited ₹7.92 Cr	Chemicals & Petrochemicals	0.40%	0.91%	+0.51%
3	HDFC Bank Limited ₹63.06 Cr	Banks	6.84%	7.28%	+0.44%
4	Bharti Airtel Limited ₹34.75 Cr	Telecom - Services	3.61%	4.01%	+0.40%
5	Mankind Pharma Limited ₹13.51 Cr	Pharmaceuticals & Biotechnology	1.18%	1.56%	+0.38%
6	Dr. Reddy's Laboratories Limited ₹14.60 Cr	Pharmaceuticals & Biotechnology	1.37%	1.68%	+0.31%
7	Dabur India Limited ₹9.09 Cr	Personal Products	0.84%	1.05%	+0.21%
8	ICICI Bank Limited ₹76.56 Cr	Banks	8.66%	8.83%	+0.17%
9	Indus Towers Limited ₹13.24 Cr	Telecom - Services	1.38%	1.53%	+0.15%
10	Tata Motors Passenger Vehicles Limited ₹7.88 Cr	Automobiles	0.77%	0.91%	+0.14%
11	Dr. Lal Path Labs Limited ₹7.58 Cr	Healthcare Services	0.73%	0.87%	+0.14%
12	Aarti Industries Limited ₹8.55 Cr	Chemicals & Petrochemicals	0.86%	0.99%	+0.13%
13	Larsen & Toubro Limited ₹26.57 Cr	Construction	2.94%	3.06%	+0.12%
14	CG Power and Industrial Solutions Limited ₹7.61 Cr	Electrical Equipment	0.76%	0.88%	+0.12%
15	Axis Bank Limited ₹19.43 Cr	Banks	2.16%	2.24%	+0.08%
16	Nestle India Limited ₹9.12 Cr	Food Products	0.97%	1.05%	+0.08%
17	Eternal Limited ₹14.41 Cr	Retailing	1.60%	1.66%	+0.06%
18	Trent Limited ₹12.25 Cr	Retailing	1.35%	1.41%	+0.06%
19	Crompton Greaves Consumer Electricals Limited ₹10.15 Cr	Consumer Durables	1.11%	1.17%	+0.06%
20	Bandhan Bank Limited ₹8.78 Cr	Banks	0.95%	1.01%	+0.06%
21	Doms Industries Limited ₹8.40 Cr	Household Products	0.91%	0.97%	+0.06%
22	Tech Mahindra Limited ₹13.80 Cr	IT - Software	1.54%	1.59%	+0.05%
23	Info Edge (India) Limited ₹10.41 Cr	Retailing	1.15%	1.20%	+0.05%
24	Neuland Laboratories Limited ₹10.25 Cr	Pharmaceuticals & Biotechnology	1.13%	1.18%	+0.05%
25	Astral Limited ₹7.42 Cr	Industrial Products	0.81%	0.86%	+0.05%
26	Arvind Fashions Limited ₹6.46 Cr	Retailing	0.70%	0.75%	+0.05%
27	IndusInd Bank Limited ₹15.90 Cr	Banks	1.79%	1.83%	+0.04%
28	Kotak Mahindra Bank Limited ₹11.53 Cr	Banks	1.29%	1.33%	+0.04%
29	Infosys Limited ₹29.44 Cr	IT - Software	3.37%	3.40%	+0.03%
30	UNO Minda Limited ₹16.08 Cr	Auto Components	1.83%	1.86%	+0.03%
31	Sun Pharmaceutical Industries Limited ₹14.03 Cr	Pharmaceuticals & Biotechnology	1.59%	1.62%	+0.03%
32	Eicher Motors Limited ₹8.61 Cr	Automobiles	0.96%	0.99%	+0.03%
33	Shriram Finance Limited ₹6.74 Cr	Finance	0.75%	0.78%	+0.03%
34	InterGlobe Aviation Limited ₹6.61 Cr	Transport Services	0.73%	0.76%	+0.03%
35	K.P.R. Mill Limited ₹4.87 Cr	Textiles & Apparels	0.53%	0.56%	+0.03%
36	Maruti Suzuki India Limited ₹14.18 Cr	Automobiles	1.62%	1.64%	+0.02%

#	Stock	Sector	Apr 2026	May 2026	Change
1	Tata Steel Limited ₹7.28 Cr	Ferrous Metals	1.78%	0.84%	-0.94%
2	NTPC Limited ₹8.13 Cr	Power	1.62%	0.94%	-0.68%
3	Titan Company Limited ₹9.86 Cr	Consumer Durables	1.69%	1.14%	-0.55%
4	Tata Power Company Limited ₹14.81 Cr	Power	1.96%	1.71%	-0.25%
5	Avenue Supermarts Limited ₹18.25 Cr	Retailing	2.32%	2.10%	-0.22%
6	Reliance Industries Limited ₹28.74 Cr	Petroleum Products	3.50%	3.32%	-0.18%
7	Tata Consultancy Services Limited ₹20.33 Cr	IT - Software	2.51%	2.35%	-0.16%
8	Oil & Natural Gas Corporation Limited ₹13.27 Cr	Oil	1.69%	1.53%	-0.16%
9	Voltas Limited ₹8.59 Cr	Consumer Durables	1.11%	0.99%	-0.12%
10	Britannia Industries Limited ₹11.19 Cr	Food Products	1.39%	1.29%	-0.10%
11	Tata Capital Limited ₹11.04 Cr	Finance	1.35%	1.27%	-0.08%
12	Jubilant Foodworks Limited ₹7.04 Cr	Leisure Services	0.89%	0.81%	-0.08%
13	Hindustan Unilever Limited ₹20.03 Cr	Diversified FMCG	2.36%	2.31%	-0.05%
14	GlaxoSmithKline Pharmaceuticals Limited ₹7.54 Cr	Pharmaceuticals & Biotechnology	0.91%	0.87%	-0.04%
15	TVS Motor Company Limited ₹15.69 Cr	Automobiles	1.84%	1.81%	-0.03%
16	LTIMindtree Limited ₹8.43 Cr	IT - Software	1.00%	0.97%	-0.03%
17	Bajaj Finance Limited ₹27.97 Cr	Finance	3.25%	3.23%	-0.02%
18	Godrej Properties Limited ₹9.38 Cr	Realty	1.10%	1.08%	-0.02%
19	LG Electronics India Ltd ₹8.78 Cr	Consumer Durables	1.03%	1.01%	-0.02%

What Stocks Does This Fund Hold?

59 stocks — May 2026

#	Stock	Sector	Weight & Value
1	ICICI Bank Limited ₹76.56 Cr	Banks	8.83%
2	HDFC Bank Limited ₹63.06 Cr	Banks	7.28%
3	Bharti Airtel Limited ₹34.75 Cr	Telecom - Services	4.01%
4	Infosys Limited ₹29.44 Cr	IT - Software	3.40%
5	Reliance Industries Limited ₹28.74 Cr	Petroleum Products	3.32%
6	Bajaj Finance Limited ₹27.97 Cr	Finance	3.23%
7	Larsen & Toubro Limited ₹26.57 Cr	Construction	3.06%
8	Tata Consultancy Services Limited ₹20.33 Cr	IT - Software	2.35%
9	Hindustan Unilever Limited ₹20.03 Cr	Diversified FMCG	2.31%
10	Axis Bank Limited ₹19.43 Cr	Banks	2.24%
11	Avenue Supermarts Limited ₹18.25 Cr	Retailing	2.10%
12	UNO Minda Limited ₹16.08 Cr	Auto Components	1.86%
13	IndusInd Bank Limited ₹15.90 Cr	Banks	1.83%
14	TVS Motor Company Limited ₹15.69 Cr	Automobiles	1.81%
15	Tata Power Company Limited ₹14.81 Cr	Power	1.71%
16	Dr. Reddy's Laboratories Limited ₹14.60 Cr	Pharmaceuticals & Biotechnology	1.68%
17	Eternal Limited ₹14.41 Cr	Retailing	1.66%
18	Maruti Suzuki India Limited ₹14.18 Cr	Automobiles	1.64%
19	Sun Pharmaceutical Industries Limited ₹14.03 Cr	Pharmaceuticals & Biotechnology	1.62%
20	Tech Mahindra Limited ₹13.80 Cr	IT - Software	1.59%
21	Mankind Pharma Limited ₹13.51 Cr	Pharmaceuticals & Biotechnology	1.56%
22	Oil & Natural Gas Corporation Limited ₹13.27 Cr	Oil	1.53%
23	Indus Towers Limited ₹13.24 Cr	Telecom - Services	1.53%
24	Trent Limited ₹12.25 Cr	Retailing	1.41%
25	Kotak Mahindra Bank Limited ₹11.53 Cr	Banks	1.33%
26	Britannia Industries Limited ₹11.19 Cr	Food Products	1.29%
27	Tata Capital Limited ₹11.04 Cr	Finance	1.27%
28	Info Edge (India) Limited ₹10.41 Cr	Retailing	1.20%
29	Neuland Laboratories Limited ₹10.25 Cr	Pharmaceuticals & Biotechnology	1.18%
30	Crompton Greaves Consumer Electricals Limited ₹10.15 Cr	Consumer Durables	1.17%
31	Titan Company Limited ₹9.86 Cr	Consumer Durables	1.14%
32	Godrej Properties Limited ₹9.38 Cr	Realty	1.08%
33	Nestle India Limited ₹9.12 Cr	Food Products	1.05%
34	Dabur India Limited ₹9.09 Cr	Personal Products	1.05%
35	LG Electronics India Ltd ₹8.78 Cr	Consumer Durables	1.01%
36	Bandhan Bank Limited ₹8.78 Cr	Banks	1.01%
37	Eicher Motors Limited ₹8.61 Cr	Automobiles	0.99%
38	Voltas Limited ₹8.59 Cr	Consumer Durables	0.99%
39	Aarti Industries Limited ₹8.55 Cr	Chemicals & Petrochemicals	0.99%
40	LTIMindtree Limited ₹8.43 Cr	IT - Software	0.97%
41	Doms Industries Limited ₹8.40 Cr	Household Products	0.97%
42	NTPC Limited ₹8.13 Cr	Power	0.94%
43	Grindwell Norton Limited ₹7.97 Cr	Industrial Products	0.92%
44	Tata Motors Passenger Vehicles Limited ₹7.88 Cr	Automobiles	0.91%
45	Jubilant Ingrevia Limited ₹7.92 Cr	Chemicals & Petrochemicals	0.91%
46	CG Power and Industrial Solutions Limited ₹7.61 Cr	Electrical Equipment	0.88%
47	Dr. Lal Path Labs Limited ₹7.58 Cr	Healthcare Services	0.87%
48	GlaxoSmithKline Pharmaceuticals Limited ₹7.54 Cr	Pharmaceuticals & Biotechnology	0.87%
49	Astral Limited ₹7.42 Cr	Industrial Products	0.86%
50	Tata Steel Limited ₹7.28 Cr	Ferrous Metals	0.84%
51	Jubilant Foodworks Limited ₹7.04 Cr	Leisure Services	0.81%
52	Shriram Finance Limited ₹6.74 Cr	Finance	0.78%
53	Oil India Limited ₹6.67 Cr	Oil	0.77%
54	InterGlobe Aviation Limited ₹6.61 Cr	Transport Services	0.76%
55	Arvind Fashions Limited ₹6.46 Cr	Retailing	0.75%
56	HDFC Life Insurance Company Limited ₹5.95 Cr	Insurance	0.69%
57	K.P.R. Mill Limited ₹4.87 Cr	Textiles & Apparels	0.56%
58	Elgi Equipments Limited ₹97.63 L	Industrial Products	0.11%
59	Wakefit Innovations Limited ₹34.71 L	Consumer Durables	0.04%