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 Apr 2026 Comparing Mar 2026 → Apr 2026

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Stocks Held

Apr 2026

Equity Holdings

₹858.93 Cr

Equity only, excl. debt & cash

Top 5 Weight

26.0%

Moderate

Top 10 Weight

39.4%

Diversified

Changes

6 new · 7 exits

Top Sector

Banks

23.6% of portfolio

📋 What Happened This Month Mahindra Manulife ELSS Tax Saver Fund made 6 new additions and exited 7 stocks this month. The biggest new buy was Nestle India Limited (Food Products) at 0.97% weight. UltraTech Cement Limited was the biggest exit (Cement & Cement Products), which was held at 2.13%. Among existing holdings, Bharti Airtel Limited saw the biggest increase — now at 3.61% of the portfolio. Reliance Industries Limited was trimmed the most, now at 3.50%. 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.

NAV Performance

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

-3.80%

-3.68%

-9.77%

-5.00%

Latest NAV

₹31.31

04 Jun 2026

52W High

₹34.98

-10% from High

52W Low

₹28.70

+9% 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

15.6%

+ve in 83% 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)

0.48

Return per unit of risk. >1 is good.

Sortino Ratio (3Y)

0.67

Penalises downside volatility only.

Std Deviation (3Y)

12.9%

Lower = more consistent returns.

NAV Chart ₹31.31 04 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: ₹31.31

Sector Shift Industry allocation month-over-month

Feb 2026 → Mar 2026

Sector	Prev	Curr ▼	Delta
Banks	24.8%	22.3%	▼ -2.5%
IT - Software	9.3%	9.0%	▼ -0.3%
Consumer Durables	8.4%	7.3%	▼ -1.1%
Pharmaceuticals & Biotechnology	4.7%	6.4%	▲ +1.7%
Retailing	4.6%	6.0%	▲ +1.3%
Automobiles	3.0%	4.7%	▲ +1.8%
Petroleum Products	5.2%	4.7%	▼ -0.5%
Finance	4.9%	4.6%	▼ -0.3%
Telecom - Services	3.1%	3.9%	▲ +0.8%
Power	2.5%	3.5%	▲ +1.0%

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%

🟢

Biggest New Buy

Nestle India Limited

0.97% weight · Food Products

🔴

Biggest Exit

UltraTech Cement Limited

2.13% was held · Cement & Cement Products

↑

Biggest Add

Bharti Airtel Limited

+1.24% · now 3.61%

↓

Biggest Trim

Reliance Industries Limited

-1.17% · now 3.50%

🤝 Other funds also bought this month

InterGlobe Aviation Limited 83 funds

Eicher Motors Limited 45 funds

Tata Motors Passenger Vehicles Limited 43 funds

Nestle India Limited 39 funds

Jubilant Ingrevia Limited 12 funds

Grindwell Norton Limited 9 funds

👋 Other funds also exited

Mahindra & Mahindra Limited 29 funds

Asian Paints Limited 18 funds

UltraTech Cement Limited 18 funds

Havells India Limited 16 funds

Navin Fluorine International Limited 15 funds

Biocon Limited 9 funds

What Changed?

Comparing Mar 2026 → Apr 2026

Mar 2026 → Apr 2026

🟢 6 New Entries 🔴 7 Exits ↑ 30 Increased ↓ 22 Decreased

#	Stock	Sector	Weight (Apr 2026)
1	Nestle India Limited ₹8.63 Cr	Food Products	0.97%
2	Eicher Motors Limited ₹8.53 Cr	Automobiles	0.96%
3	Tata Motors Passenger Vehicles Limited ₹6.83 Cr	Automobiles	0.77%
4	InterGlobe Aviation Limited ₹6.44 Cr	Transport Services	0.73%
5	Jubilant Ingrevia Limited ₹3.57 Cr	Chemicals & Petrochemicals	0.40%
6	Grindwell Norton Limited ₹2.88 Cr	Industrial Products	0.32%

#	Stock	Sector	Last Weight (Mar 2026)
1	UltraTech Cement Limited ₹17.62 Cr	Cement & Cement Products	2.13%
2	Mahindra & Mahindra Limited ₹10.03 Cr	Automobiles	1.21%
3	Asian Paints Limited ₹8.01 Cr	Consumer Durables	0.97%
4	Navin Fluorine International Limited ₹7.40 Cr	Chemicals & Petrochemicals	0.89%
5	Jyoti CNC Automation Ltd ₹7.36 Cr	Industrial Manufacturing	0.89%
6	Biocon Limited ₹6.69 Cr	Pharmaceuticals & Biotechnology	0.81%
7	Havells India Limited ₹5.95 Cr	Consumer Durables	0.72%

#	Stock	Sector	Mar 2026	Apr 2026	Change
1	Bharti Airtel Limited ₹32.08 Cr	Telecom - Services	2.37%	3.61%	+1.24%
2	State Bank of India ₹17.10 Cr	Banks	0.95%	1.92%	+0.97%
3	ICICI Bank Limited ₹76.98 Cr	Banks	7.78%	8.66%	+0.88%
4	Bajaj Finance Limited ₹28.86 Cr	Finance	2.50%	3.25%	+0.75%
5	Trent Limited ₹12.02 Cr	Retailing	0.80%	1.35%	+0.55%
6	Aarti Industries Limited ₹7.61 Cr	Chemicals & Petrochemicals	0.36%	0.86%	+0.50%
7	Eternal Limited ₹14.20 Cr	Retailing	1.11%	1.60%	+0.49%
8	Sun Pharmaceutical Industries Limited ₹14.10 Cr	Pharmaceuticals & Biotechnology	1.15%	1.59%	+0.44%
9	UNO Minda Limited ₹16.24 Cr	Auto Components	1.52%	1.83%	+0.31%
10	Bandhan Bank Limited ₹8.42 Cr	Banks	0.72%	0.95%	+0.23%
11	Tata Power Company Limited ₹17.43 Cr	Power	1.75%	1.96%	+0.21%
12	IndusInd Bank Limited ₹15.93 Cr	Banks	1.58%	1.79%	+0.21%
13	Avenue Supermarts Limited ₹20.64 Cr	Retailing	2.15%	2.32%	+0.17%
14	Neuland Laboratories Limited ₹10.05 Cr	Pharmaceuticals & Biotechnology	0.97%	1.13%	+0.16%
15	Godrej Properties Limited ₹9.76 Cr	Realty	0.95%	1.10%	+0.15%
16	Crompton Greaves Consumer Electricals Limited ₹9.83 Cr	Consumer Durables	0.98%	1.11%	+0.13%
17	LG Electronics India Ltd ₹9.18 Cr	Consumer Durables	0.90%	1.03%	+0.13%
18	Dixon Technologies (India) Limited ₹9.16 Cr	Consumer Durables	0.96%	1.03%	+0.07%
19	Titan Company Limited ₹15.00 Cr	Consumer Durables	1.63%	1.69%	+0.06%
20	Hindustan Unilever Limited ₹20.93 Cr	Diversified FMCG	2.31%	2.36%	+0.05%
21	Voltas Limited ₹9.87 Cr	Consumer Durables	1.06%	1.11%	+0.05%
22	Tata Steel Limited ₹15.85 Cr	Ferrous Metals	1.74%	1.78%	+0.04%
23	Mankind Pharma Limited ₹10.53 Cr	Pharmaceuticals & Biotechnology	1.14%	1.18%	+0.04%
24	Jubilant Foodworks Limited ₹7.88 Cr	Leisure Services	0.86%	0.89%	+0.03%
25	K.P.R. Mill Limited ₹4.71 Cr	Textiles & Apparels	0.50%	0.53%	+0.03%
26	Tata Capital Limited ₹12.02 Cr	Finance	1.33%	1.35%	+0.02%
27	Arvind Fashions Limited ₹6.20 Cr	Retailing	0.68%	0.70%	+0.02%
28	Maruti Suzuki India Limited ₹14.38 Cr	Automobiles	1.61%	1.62%	+0.01%
29	Kotak Mahindra Bank Limited ₹11.50 Cr	Banks	1.28%	1.29%	+0.01%
30	Elgi Equipments Limited ₹94.23 L	Industrial Products	0.10%	0.11%	+0.01%

#	Stock	Sector	Mar 2026	Apr 2026	Change
1	Reliance Industries Limited ₹31.12 Cr	Petroleum Products	4.67%	3.50%	-1.17%
2	Axis Bank Limited ₹19.15 Cr	Banks	3.03%	2.16%	-0.87%
3	Infosys Limited ₹29.97 Cr	IT - Software	3.83%	3.37%	-0.46%
4	CG Power and Industrial Solutions Limited ₹6.75 Cr	Electrical Equipment	0.99%	0.76%	-0.23%
5	Astral Limited ₹7.19 Cr	Industrial Products	1.01%	0.81%	-0.20%
6	NTPC Limited ₹14.38 Cr	Power	1.79%	1.62%	-0.17%
7	Indus Towers Limited ₹12.28 Cr	Telecom - Services	1.51%	1.38%	-0.13%
8	HDFC Bank Limited ₹60.73 Cr	Banks	6.95%	6.84%	-0.11%
9	Larsen & Toubro Limited ₹26.16 Cr	Construction	3.05%	2.94%	-0.11%
10	Info Edge (India) Limited ₹10.18 Cr	Retailing	1.22%	1.15%	-0.07%
11	Doms Industries Limited ₹8.12 Cr	Household Products	0.98%	0.91%	-0.07%
12	TVS Motor Company Limited ₹16.33 Cr	Automobiles	1.90%	1.84%	-0.06%
13	Tata Consultancy Services Limited ₹22.27 Cr	IT - Software	2.56%	2.51%	-0.05%
14	GlaxoSmithKline Pharmaceuticals Limited ₹8.11 Cr	Pharmaceuticals & Biotechnology	0.96%	0.91%	-0.05%
15	Oil & Natural Gas Corporation Limited ₹14.98 Cr	Oil	1.72%	1.69%	-0.03%
16	Oil India Limited ₹6.87 Cr	Oil	0.80%	0.77%	-0.03%
17	Britannia Industries Limited ₹12.31 Cr	Food Products	1.41%	1.39%	-0.02%
18	Dr. Reddy's Laboratories Limited ₹12.17 Cr	Pharmaceuticals & Biotechnology	1.39%	1.37%	-0.02%
19	Dr. Lal Path Labs Limited ₹6.44 Cr	Healthcare Services	0.75%	0.73%	-0.02%
20	Tech Mahindra Limited ₹13.70 Cr	IT - Software	1.55%	1.54%	-0.01%
21	LTIMindtree Limited ₹8.86 Cr	IT - Software	1.01%	1.00%	-0.01%
22	Wakefit Innovations Limited ₹38.91 L	Consumer Durables	0.05%	0.04%	-0.01%

Full Portfolio

60 stocks — Apr 2026

#	Stock	Sector	Weight & Value
1	ICICI Bank Limited ₹76.98 Cr	Banks	8.66%
2	HDFC Bank Limited ₹60.73 Cr	Banks	6.84%
3	Bharti Airtel Limited ₹32.08 Cr	Telecom - Services	3.61%
4	Reliance Industries Limited ₹31.12 Cr	Petroleum Products	3.50%
5	Infosys Limited ₹29.97 Cr	IT - Software	3.37%
6	Bajaj Finance Limited ₹28.86 Cr	Finance	3.25%
7	Larsen & Toubro Limited ₹26.16 Cr	Construction	2.94%
8	Tata Consultancy Services Limited ₹22.27 Cr	IT - Software	2.51%
9	Hindustan Unilever Limited ₹20.93 Cr	Diversified FMCG	2.36%
10	Avenue Supermarts Limited ₹20.64 Cr	Retailing	2.32%
11	Axis Bank Limited ₹19.15 Cr	Banks	2.16%
12	Tata Power Company Limited ₹17.43 Cr	Power	1.96%
13	State Bank of India ₹17.10 Cr	Banks	1.92%
14	TVS Motor Company Limited ₹16.33 Cr	Automobiles	1.84%
15	UNO Minda Limited ₹16.24 Cr	Auto Components	1.83%
16	IndusInd Bank Limited ₹15.93 Cr	Banks	1.79%
17	Tata Steel Limited ₹15.85 Cr	Ferrous Metals	1.78%
18	Titan Company Limited ₹15.00 Cr	Consumer Durables	1.69%
19	Oil & Natural Gas Corporation Limited ₹14.98 Cr	Oil	1.69%
20	Maruti Suzuki India Limited ₹14.38 Cr	Automobiles	1.62%
21	NTPC Limited ₹14.38 Cr	Power	1.62%
22	Eternal Limited ₹14.20 Cr	Retailing	1.60%
23	Sun Pharmaceutical Industries Limited ₹14.10 Cr	Pharmaceuticals & Biotechnology	1.59%
24	Tech Mahindra Limited ₹13.70 Cr	IT - Software	1.54%
25	Britannia Industries Limited ₹12.31 Cr	Food Products	1.39%
26	Indus Towers Limited ₹12.28 Cr	Telecom - Services	1.38%
27	Dr. Reddy's Laboratories Limited ₹12.17 Cr	Pharmaceuticals & Biotechnology	1.37%
28	Tata Capital Limited ₹12.02 Cr	Finance	1.35%
29	Trent Limited ₹12.02 Cr	Retailing	1.35%
30	Kotak Mahindra Bank Limited ₹11.50 Cr	Banks	1.29%
31	Mankind Pharma Limited ₹10.53 Cr	Pharmaceuticals & Biotechnology	1.18%
32	Info Edge (India) Limited ₹10.18 Cr	Retailing	1.15%
33	Neuland Laboratories Limited ₹10.05 Cr	Pharmaceuticals & Biotechnology	1.13%
34	Voltas Limited ₹9.87 Cr	Consumer Durables	1.11%
35	Crompton Greaves Consumer Electricals Limited ₹9.83 Cr	Consumer Durables	1.11%
36	Godrej Properties Limited ₹9.76 Cr	Realty	1.10%
37	LG Electronics India Ltd ₹9.18 Cr	Consumer Durables	1.03%
38	Dixon Technologies (India) Limited ₹9.16 Cr	Consumer Durables	1.03%
39	LTIMindtree Limited ₹8.86 Cr	IT - Software	1.00%
40	Nestle India Limited ₹8.63 Cr	Food Products	0.97%
41	Eicher Motors Limited ₹8.53 Cr	Automobiles	0.96%
42	Bandhan Bank Limited ₹8.42 Cr	Banks	0.95%
43	Doms Industries Limited ₹8.12 Cr	Household Products	0.91%
44	GlaxoSmithKline Pharmaceuticals Limited ₹8.11 Cr	Pharmaceuticals & Biotechnology	0.91%
45	Jubilant Foodworks Limited ₹7.88 Cr	Leisure Services	0.89%
46	Aarti Industries Limited ₹7.61 Cr	Chemicals & Petrochemicals	0.86%
47	Dabur India Limited ₹7.51 Cr	Personal Products	0.84%
48	Astral Limited ₹7.19 Cr	Industrial Products	0.81%
49	Oil India Limited ₹6.87 Cr	Oil	0.77%
50	Tata Motors Passenger Vehicles Limited ₹6.83 Cr	Automobiles	0.77%
51	CG Power and Industrial Solutions Limited ₹6.75 Cr	Electrical Equipment	0.76%
52	Shriram Finance Limited ₹6.67 Cr	Finance	0.75%
53	Dr. Lal Path Labs Limited ₹6.44 Cr	Healthcare Services	0.73%
54	InterGlobe Aviation Limited ₹6.44 Cr	Transport Services	0.73%
55	Arvind Fashions Limited ₹6.20 Cr	Retailing	0.70%
56	K.P.R. Mill Limited ₹4.71 Cr	Textiles & Apparels	0.53%
57	Jubilant Ingrevia Limited ₹3.57 Cr	Chemicals & Petrochemicals	0.40%
58	Grindwell Norton Limited ₹2.88 Cr	Industrial Products	0.32%
59	Elgi Equipments Limited ₹94.23 L	Industrial Products	0.11%
60	Wakefit Innovations Limited ₹38.91 L	Consumer Durables	0.04%