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 Sep 2026 Comparing Aug 2026 → Sep 2026

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Stocks Held

Sep 2026

Equity Holdings

₹784.72 Cr

Equity only, excl. debt & cash

AAUM

₹852.26 Cr

Jul-Sep 2026 · Direct + Regular

Top 5 Weight

27.4%

Moderate

Top 10 Weight

40.3%

Moderate

Changes

0 new · 0 exits

Top Sector

Banks

23.7% of portfolio

Launch Date

22 Aug 2016

10 years old

AAUM (Average Assets Under Management) of ₹852.26 Cr for Jul-Sep 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, HDFC Bank Limited saw the biggest increase — now at 7.24% of the portfolio. Tata Capital Limited was trimmed the most, now at 0.40%. ICICI Bank Limited remains the top holding with Banks the dominant sector at 23.7%. ↓ 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

-4.05%

-7.05%

-5.70%

-11.56%

Latest NAV

₹30.37

23 Oct 2026

52W High

₹34.98

-13% from High

52W Low

₹29.83

+2% 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

14.8%

+ve in 80% windows

91.5% / -30.0%

3Y Rolling Avg

15.9% p.a.

+ve in 94% windows

37.3% / -8.1%

5Y Rolling Avg

17.1% p.a.

+ve in 100% windows

30.7% / 8.3%

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)

-0.01

Return per unit of risk. >1 is good.

Sortino Ratio (3Y)

-0.02

Penalises downside volatility only.

Std Deviation (3Y)

13.3%

Lower = more consistent returns.

NAV Chart ₹30.37 23 Oct 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: ₹30.37

Sector Shift Industry allocation month-over-month

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%

Aug 2026 → Sep 2026

Sector	Prev	Curr ▼	Delta
Banks	23.9%	23.7%	▼ -0.2%
Retailing	7.7%	7.9%	▲ +0.1%
Automobiles	7.2%	7.1%	▼ -0.1%
Pharmaceuticals & Biotechnology	6.8%	7.0%	▲ +0.2%
Finance	7.3%	5.7%	▼ -1.6%
IT - Software	5.4%	5.3%	▼ -0.2%
Telecom - Services	5.0%	5.3%	▲ +0.2%
Consumer Durables	4.6%	4.6%	● 0.0%
Petroleum Products	3.1%	3.1%	● +0.0%
Construction	3.0%	3.0%	● +0.0%

↑

Biggest Add

HDFC Bank Limited

+0.53% · now 7.24%

↓

Biggest Trim

Tata Capital Limited

-0.92% · now 0.40%

What Changed in the Portfolio This Month?

Comparing Aug 2026 → Sep 2026

Aug 2026 → Sep 2026

↑ 28 Increased ↓ 25 Decreased

#	Stock	Sector	Aug 2026	Sep 2026	Change
1	HDFC Bank Limited ₹60.03 Cr	Banks	6.71%	7.24%	+0.53%
2	Bharti Airtel Limited ₹35.49 Cr	Telecom - Services	4.09%	4.28%	+0.19%
3	Kotak Mahindra Bank Limited ₹21.27 Cr	Banks	2.39%	2.57%	+0.18%
4	Mankind Pharma Limited ₹14.24 Cr	Pharmaceuticals & Biotechnology	1.54%	1.72%	+0.18%
5	Dr. Reddy's Laboratories Limited ₹10.60 Cr	Pharmaceuticals & Biotechnology	1.11%	1.28%	+0.17%
6	Tata Power Company Limited ₹12.64 Cr	Power	1.37%	1.52%	+0.15%
7	Bandhan Bank Limited ₹7.51 Cr	Banks	0.77%	0.91%	+0.14%
8	Dr. Lal Path Labs Limited ₹10.56 Cr	Healthcare Services	1.15%	1.27%	+0.12%
9	Eternal Limited ₹18.40 Cr	Retailing	2.11%	2.22%	+0.11%
10	LG Electronics India Ltd ₹9.93 Cr	Consumer Durables	1.09%	1.20%	+0.11%
11	Avenue Supermarts Limited ₹17.11 Cr	Retailing	1.96%	2.06%	+0.10%
12	Hindustan Unilever Limited ₹19.17 Cr	Diversified FMCG	2.24%	2.31%	+0.07%
13	JK Cement Limited ₹9.26 Cr	Cement & Cement Products	1.05%	1.12%	+0.07%
14	Hindustan Aeronautics Limited ₹9.34 Cr	Aerospace & Defense	1.07%	1.13%	+0.06%
15	Grindwell Norton Limited ₹8.63 Cr	Industrial Products	0.98%	1.04%	+0.06%
16	TVS Motor Company Limited ₹21.25 Cr	Automobiles	2.51%	2.56%	+0.05%
17	Jubilant Ingrevia Limited ₹8.01 Cr	Chemicals & Petrochemicals	0.92%	0.97%	+0.05%
18	Axis Bank Limited ₹19.13 Cr	Banks	2.27%	2.31%	+0.04%
19	Indus Towers Limited ₹8.02 Cr	Telecom - Services	0.93%	0.97%	+0.04%
20	Elgi Equipments Limited ₹7.73 Cr	Industrial Products	0.89%	0.93%	+0.04%
21	InterGlobe Aviation Limited ₹11.46 Cr	Transport Services	1.35%	1.38%	+0.03%
22	HDFC Life Insurance Company Limited ₹7.30 Cr	Insurance	0.85%	0.88%	+0.03%
23	Marico Limited ₹7.86 Cr	Agricultural Food & other Products	0.92%	0.95%	+0.03%
24	Tech Mahindra Limited ₹14.17 Cr	IT - Software	1.69%	1.71%	+0.02%
25	Doms Industries Limited ₹8.10 Cr	Household Products	0.96%	0.98%	+0.02%
26	Reliance Industries Limited ₹25.82 Cr	Petroleum Products	3.10%	3.11%	+0.01%
27	Larsen & Toubro Limited ₹24.50 Cr	Construction	2.95%	2.96%	+0.01%
28	Info Edge (India) Limited ₹12.76 Cr	Retailing	1.53%	1.54%	+0.01%

#	Stock	Sector	Aug 2026	Sep 2026	Change
1	Tata Capital Limited ₹3.31 Cr	Finance	1.32%	0.40%	-0.92%
2	ICICI Bank Limited ₹76.57 Cr	Banks	9.90%	9.24%	-0.66%
3	L&T Finance Limited ₹3.71 Cr	Finance	1.00%	0.45%	-0.55%
4	IndusInd Bank Limited ₹11.89 Cr	Banks	1.84%	1.43%	-0.41%
5	Godrej Properties Limited ₹9.48 Cr	Realty	1.31%	1.14%	-0.17%
6	Infosys Limited ₹20.24 Cr	IT - Software	2.58%	2.44%	-0.14%
7	Maruti Suzuki India Limited ₹17.83 Cr	Automobiles	2.26%	2.15%	-0.11%
8	Neuland Laboratories Limited ₹11.82 Cr	Pharmaceuticals & Biotechnology	1.54%	1.43%	-0.11%
9	Suzlon Energy Limited ₹5.92 Cr	Electrical Equipment	0.80%	0.71%	-0.09%
10	Fortis Healthcare Limited ₹7.81 Cr	Healthcare Services	1.03%	0.94%	-0.09%
11	Bajaj Finance Limited ₹29.55 Cr	Finance	3.64%	3.56%	-0.08%
12	Shriram Finance Limited ₹10.43 Cr	Finance	1.32%	1.26%	-0.06%
13	Nestle India Limited ₹8.40 Cr	Food Products	1.07%	1.01%	-0.06%
14	Arvind Fashions Limited ₹6.39 Cr	Retailing	0.83%	0.77%	-0.06%
15	Titan Company Limited ₹13.39 Cr	Consumer Durables	1.67%	1.62%	-0.05%
16	Eicher Motors Limited ₹10.73 Cr	Automobiles	1.33%	1.29%	-0.04%
17	LTIMindtree Limited ₹9.20 Cr	IT - Software	1.15%	1.11%	-0.04%
18	Crompton Greaves Consumer Electricals Limited ₹7.53 Cr	Consumer Durables	0.95%	0.91%	-0.04%
19	Trent Limited ₹10.49 Cr	Retailing	1.29%	1.26%	-0.03%
20	Voltas Limited ₹7.38 Cr	Consumer Durables	0.92%	0.89%	-0.03%
21	Sun Pharmaceutical Industries Limited ₹13.26 Cr	Pharmaceuticals & Biotechnology	1.62%	1.60%	-0.02%
22	UNO Minda Limited ₹17.08 Cr	Auto Components	2.08%	2.06%	-0.02%
23	GlaxoSmithKline Pharmaceuticals Limited ₹8.33 Cr	Pharmaceuticals & Biotechnology	1.03%	1.01%	-0.02%
24	Aarti Industries Limited ₹8.56 Cr	Chemicals & Petrochemicals	1.05%	1.03%	-0.02%
25	Tata Motors Passenger Vehicles Limited ₹8.73 Cr	Automobiles	1.06%	1.05%	-0.01%

What Stocks Does This Fund Hold?

54 stocks — Sep 2026

#	Stock	Sector	Weight & Value
1	ICICI Bank Limited ₹76.57 Cr	Banks	9.24%
2	HDFC Bank Limited ₹60.03 Cr	Banks	7.24%
3	Bharti Airtel Limited ₹35.49 Cr	Telecom - Services	4.28%
4	Bajaj Finance Limited ₹29.55 Cr	Finance	3.56%
5	Reliance Industries Limited ₹25.82 Cr	Petroleum Products	3.11%
6	Larsen & Toubro Limited ₹24.50 Cr	Construction	2.96%
7	Kotak Mahindra Bank Limited ₹21.27 Cr	Banks	2.57%
8	TVS Motor Company Limited ₹21.25 Cr	Automobiles	2.56%
9	Infosys Limited ₹20.24 Cr	IT - Software	2.44%
10	Axis Bank Limited ₹19.13 Cr	Banks	2.31%
11	Hindustan Unilever Limited ₹19.17 Cr	Diversified FMCG	2.31%
12	Eternal Limited ₹18.40 Cr	Retailing	2.22%
13	Maruti Suzuki India Limited ₹17.83 Cr	Automobiles	2.15%
14	UNO Minda Limited ₹17.08 Cr	Auto Components	2.06%
15	Avenue Supermarts Limited ₹17.11 Cr	Retailing	2.06%
16	Mankind Pharma Limited ₹14.24 Cr	Pharmaceuticals & Biotechnology	1.72%
17	Tech Mahindra Limited ₹14.17 Cr	IT - Software	1.71%
18	Titan Company Limited ₹13.39 Cr	Consumer Durables	1.62%
19	Sun Pharmaceutical Industries Limited ₹13.26 Cr	Pharmaceuticals & Biotechnology	1.60%
20	Info Edge (India) Limited ₹12.76 Cr	Retailing	1.54%
21	Tata Power Company Limited ₹12.64 Cr	Power	1.52%
22	IndusInd Bank Limited ₹11.89 Cr	Banks	1.43%
23	Neuland Laboratories Limited ₹11.82 Cr	Pharmaceuticals & Biotechnology	1.43%
24	InterGlobe Aviation Limited ₹11.46 Cr	Transport Services	1.38%
25	Eicher Motors Limited ₹10.73 Cr	Automobiles	1.29%
26	Dr. Reddy's Laboratories Limited ₹10.60 Cr	Pharmaceuticals & Biotechnology	1.28%
27	Dr. Lal Path Labs Limited ₹10.56 Cr	Healthcare Services	1.27%
28	Shriram Finance Limited ₹10.43 Cr	Finance	1.26%
29	Trent Limited ₹10.49 Cr	Retailing	1.26%
30	LG Electronics India Ltd ₹9.93 Cr	Consumer Durables	1.20%
31	Godrej Properties Limited ₹9.48 Cr	Realty	1.14%
32	Hindustan Aeronautics Limited ₹9.34 Cr	Aerospace & Defense	1.13%
33	JK Cement Limited ₹9.26 Cr	Cement & Cement Products	1.12%
34	LTIMindtree Limited ₹9.20 Cr	IT - Software	1.11%
35	Tata Motors Passenger Vehicles Limited ₹8.73 Cr	Automobiles	1.05%
36	Grindwell Norton Limited ₹8.63 Cr	Industrial Products	1.04%
37	Aarti Industries Limited ₹8.56 Cr	Chemicals & Petrochemicals	1.03%
38	GlaxoSmithKline Pharmaceuticals Limited ₹8.33 Cr	Pharmaceuticals & Biotechnology	1.01%
39	Nestle India Limited ₹8.40 Cr	Food Products	1.01%
40	Doms Industries Limited ₹8.10 Cr	Household Products	0.98%
41	Jubilant Ingrevia Limited ₹8.01 Cr	Chemicals & Petrochemicals	0.97%
42	Indus Towers Limited ₹8.02 Cr	Telecom - Services	0.97%
43	Marico Limited ₹7.86 Cr	Agricultural Food & other Products	0.95%
44	Fortis Healthcare Limited ₹7.81 Cr	Healthcare Services	0.94%
45	Elgi Equipments Limited ₹7.73 Cr	Industrial Products	0.93%
46	Crompton Greaves Consumer Electricals Limited ₹7.53 Cr	Consumer Durables	0.91%
47	Bandhan Bank Limited ₹7.51 Cr	Banks	0.91%
48	Voltas Limited ₹7.38 Cr	Consumer Durables	0.89%
49	HDFC Life Insurance Company Limited ₹7.30 Cr	Insurance	0.88%
50	CG Power and Industrial Solutions Limited ₹6.41 Cr	Electrical Equipment	0.77%
51	Arvind Fashions Limited ₹6.39 Cr	Retailing	0.77%
52	Suzlon Energy Limited ₹5.92 Cr	Electrical Equipment	0.71%
53	L&T Finance Limited ₹3.71 Cr	Finance	0.45%
54	Tata Capital Limited ₹3.31 Cr	Finance	0.40%