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.

← Mahindra Manulife Mutual Fund

Mahindra Manulife ELSS Tax Saver Fund - Direct Plan -Growth

ELSS Data as of Oct 2026 Comparing Sep 2026 → Oct 2026

Share: WhatsApp X

⌕

Stocks Held

Oct 2026

Equity Holdings

₹783.81 Cr

Equity only, excl. debt & cash

AAUM

₹852.26 Cr

Jul-Sep 2026 · Direct + Regular

Top 5 Weight

27.8%

Moderate

Top 10 Weight

41.6%

Moderate

Changes

12 new · 5 exits

Top Sector

Banks

23.5% 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 Mahindra Manulife ELSS Tax Saver Fund made 12 new additions and exited 5 stocks this month. The biggest new buy was BSE Limited (Capital Markets) at 1.47% weight. Avenue Supermarts Limited was the biggest exit (Retailing), which was held at 2.06%. Among existing holdings, Kotak Mahindra Bank Limited saw the biggest increase — now at 3.37% of the portfolio. Hindustan Unilever Limited was trimmed the most, now at 1.29%. ICICI Bank Limited remains the top holding with Banks the dominant sector at 23.5%. ↓ 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

+7.03%

+0.87%

+6.42%

-2.34%

Latest NAV

₹33.67

13 Nov 2026

52W High

₹34.98

-4% from High

52W Low

₹29.83

+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

14.7%

+ve in 80% windows

91.5% / -30.0%

3Y Rolling Avg

15.8% p.a.

+ve in 94% windows

37.3% / -8.1%

5Y Rolling Avg

17.0% 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)

0.14

Return per unit of risk. >1 is good.

Sortino Ratio (3Y)

0.19

Penalises downside volatility only.

Std Deviation (3Y)

13.3%

Lower = more consistent returns.

NAV Chart ₹33.67 13 Nov 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: ₹33.67

Sector Shift Industry allocation month-over-month

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%

Sep 2026 → Oct 2026

Sector	Prev	Curr ▼	Delta
Banks	23.7%	23.5%	▼ -0.2%
Retailing	7.9%	7.9%	● +0.1%
Pharmaceuticals & Biotechnology	7.0%	7.0%	● -0.1%
IT - Software	5.3%	6.4%	▲ +1.1%
Telecom - Services	5.3%	5.9%	▲ +0.7%
Finance	5.7%	5.8%	▲ +0.1%
Automobiles	7.1%	5.8%	▼ -1.3%
Consumer Durables	4.6%	3.7%	▼ -0.9%
Petroleum Products	3.1%	3.1%	● 0.0%
Construction	3.0%	3.1%	▲ +0.1%

🟢

Biggest New Buy

BSE Limited

1.47% weight · Capital Markets

🔴

Biggest Exit

Avenue Supermarts Limited

2.06% was held · Retailing

↑

Biggest Add

Kotak Mahindra Bank Limited

+0.80% · now 3.37%

↓

Biggest Trim

Hindustan Unilever Limited

-1.02% · now 1.29%

🤝 Other funds also bought this month

Jio Platforms Ltd. 117 funds

BSE Limited 48 funds

Tata Consultancy Services Limited 42 funds

One 97 Communications Limited 35 funds

TD Power Systems Limited 29 funds

Lenskart Solutions Limited 27 funds

👋 Other funds also exited

Crompton Greaves Consumer Electricals Limited 18 funds

Avenue Supermarts Limited 17 funds

Suzlon Energy Limited 13 funds

Tata Capital Limited 12 funds

Jubilant Ingrevia Limited 10 funds

What Changed in the Portfolio This Month?

Comparing Sep 2026 → Oct 2026

Sep 2026 → Oct 2026

🟢 12 New Entries 🔴 5 Exits ↑ 14 Increased ↓ 33 Decreased

#	Stock	Sector	Weight (Oct 2026)
1	BSE Limited ₹12.04 Cr	Capital Markets	1.47%
2	TD Power Systems Limited ₹7.71 Cr	Electrical Equipment	0.94%
3	Lenskart Solutions Limited ₹7.19 Cr	Retailing	0.87%
4	Grasim Industries Limited ₹5.37 Cr	Cement & Cement Products	0.65%
5	Jio Platforms Ltd. ₹4.29 Cr	Telecom - Services	0.52%
6	Tata Consultancy Services Limited ₹4.23 Cr	IT - Software	0.51%
7	One 97 Communications Limited ₹4.09 Cr	Financial Technology (Fintech)	0.50%
8	GE Vernova T&D India Limited ₹4.02 Cr	Electrical Equipment	0.49%
9	CarTrade Tech Limited ₹3.98 Cr	Retailing	0.48%
10	Radico Khaitan Limited ₹3.84 Cr	Beverages	0.47%
11	Vedanta Aluminium Metal Limited ₹3.60 Cr	Metals & Minerals Trading	0.44%
12	KEI Industries Limited ₹1.89 Cr	Industrial Products	0.23%

#	Stock	Sector	Last Weight (Sep 2026)
1	Avenue Supermarts Limited ₹17.11 Cr	Retailing	2.06%
2	Jubilant Ingrevia Limited ₹8.01 Cr	Chemicals & Petrochemicals	0.97%
3	Crompton Greaves Consumer Electricals Limited ₹7.53 Cr	Consumer Durables	0.91%
4	Suzlon Energy Limited ₹5.92 Cr	Electrical Equipment	0.71%
5	Tata Capital Limited ₹3.31 Cr	Finance	0.40%

#	Stock	Sector	Sep 2026	Oct 2026	Change
1	Kotak Mahindra Bank Limited ₹27.70 Cr	Banks	2.57%	3.37%	+0.80%
2	Trent Limited ₹16.32 Cr	Retailing	1.26%	1.99%	+0.73%
3	Eternal Limited ₹23.20 Cr	Retailing	2.22%	2.82%	+0.60%
4	Bharti Airtel Limited ₹39.87 Cr	Telecom - Services	4.28%	4.85%	+0.57%
5	Tech Mahindra Limited ₹18.62 Cr	IT - Software	1.71%	2.27%	+0.56%
6	Shriram Finance Limited ₹13.63 Cr	Finance	1.26%	1.66%	+0.40%
7	Hindustan Aeronautics Limited ₹12.27 Cr	Aerospace & Defense	1.13%	1.49%	+0.36%
8	Bajaj Finance Limited ₹30.33 Cr	Finance	3.56%	3.69%	+0.13%
9	Dr. Reddy's Laboratories Limited ₹11.63 Cr	Pharmaceuticals & Biotechnology	1.28%	1.41%	+0.13%
10	Larsen & Toubro Limited ₹25.23 Cr	Construction	2.96%	3.07%	+0.11%
11	LG Electronics India Ltd ₹10.40 Cr	Consumer Durables	1.20%	1.27%	+0.07%
12	LTIMindtree Limited ₹9.63 Cr	IT - Software	1.11%	1.17%	+0.06%
13	Marico Limited ₹8.00 Cr	Agricultural Food & other Products	0.95%	0.97%	+0.02%
14	HDFC Life Insurance Company Limited ₹7.35 Cr	Insurance	0.88%	0.89%	+0.01%

#	Stock	Sector	Sep 2026	Oct 2026	Change
1	Hindustan Unilever Limited ₹10.63 Cr	Diversified FMCG	2.31%	1.29%	-1.02%
2	Tata Motors Passenger Vehicles Limited ₹2.65 Cr	Automobiles	1.05%	0.32%	-0.73%
3	Info Edge (India) Limited ₹8.52 Cr	Retailing	1.54%	1.04%	-0.50%
4	ICICI Bank Limited ₹72.04 Cr	Banks	9.24%	8.77%	-0.47%
5	UNO Minda Limited ₹13.04 Cr	Auto Components	2.06%	1.59%	-0.47%
6	Fortis Healthcare Limited ₹3.95 Cr	Healthcare Services	0.94%	0.48%	-0.46%
7	Indus Towers Limited ₹4.35 Cr	Telecom - Services	0.97%	0.53%	-0.44%
8	IndusInd Bank Limited ₹9.13 Cr	Banks	1.43%	1.11%	-0.32%
9	Maruti Suzuki India Limited ₹15.27 Cr	Automobiles	2.15%	1.86%	-0.29%
10	Eicher Motors Limited ₹9.39 Cr	Automobiles	1.29%	1.14%	-0.15%
11	Elgi Equipments Limited ₹6.47 Cr	Industrial Products	0.93%	0.79%	-0.14%
12	TVS Motor Company Limited ₹19.99 Cr	Automobiles	2.56%	2.43%	-0.13%
13	Doms Industries Limited ₹7.01 Cr	Household Products	0.98%	0.85%	-0.13%
14	Bandhan Bank Limited ₹6.50 Cr	Banks	0.91%	0.79%	-0.12%
15	HDFC Bank Limited ₹58.68 Cr	Banks	7.24%	7.14%	-0.10%
16	Nestle India Limited ₹7.49 Cr	Food Products	1.01%	0.91%	-0.10%
17	Neuland Laboratories Limited ₹10.90 Cr	Pharmaceuticals & Biotechnology	1.43%	1.33%	-0.10%
18	GlaxoSmithKline Pharmaceuticals Limited ₹7.51 Cr	Pharmaceuticals & Biotechnology	1.01%	0.91%	-0.10%
19	Aarti Industries Limited ₹7.84 Cr	Chemicals & Petrochemicals	1.03%	0.95%	-0.08%
20	Arvind Fashions Limited ₹5.77 Cr	Retailing	0.77%	0.70%	-0.07%
21	JK Cement Limited ₹8.73 Cr	Cement & Cement Products	1.12%	1.06%	-0.06%
22	Grindwell Norton Limited ₹8.13 Cr	Industrial Products	1.04%	0.99%	-0.05%
23	Titan Company Limited ₹12.95 Cr	Consumer Durables	1.62%	1.58%	-0.04%
24	Tata Power Company Limited ₹12.15 Cr	Power	1.52%	1.48%	-0.04%
25	CG Power and Industrial Solutions Limited ₹6.03 Cr	Electrical Equipment	0.77%	0.73%	-0.04%
26	Dr. Lal Path Labs Limited ₹10.13 Cr	Healthcare Services	1.27%	1.23%	-0.04%
27	Reliance Industries Limited ₹25.34 Cr	Petroleum Products	3.11%	3.08%	-0.03%
28	Infosys Limited ₹19.80 Cr	IT - Software	2.44%	2.41%	-0.03%
29	Voltas Limited ₹7.09 Cr	Consumer Durables	0.89%	0.86%	-0.03%
30	Godrej Properties Limited ₹9.13 Cr	Realty	1.14%	1.11%	-0.03%
31	L&T Finance Limited ₹3.42 Cr	Finance	0.45%	0.42%	-0.03%
32	Sun Pharmaceutical Industries Limited ₹12.98 Cr	Pharmaceuticals & Biotechnology	1.60%	1.58%	-0.02%
33	InterGlobe Aviation Limited ₹11.22 Cr	Transport Services	1.38%	1.37%	-0.01%

What Stocks Does This Fund Hold?

61 stocks — Oct 2026

#	Stock	Sector	Weight & Value
1	ICICI Bank Limited ₹72.04 Cr	Banks	8.77%
2	HDFC Bank Limited ₹58.68 Cr	Banks	7.14%
3	Bharti Airtel Limited ₹39.87 Cr	Telecom - Services	4.85%
4	Bajaj Finance Limited ₹30.33 Cr	Finance	3.69%
5	Kotak Mahindra Bank Limited ₹27.70 Cr	Banks	3.37%
6	Reliance Industries Limited ₹25.34 Cr	Petroleum Products	3.08%
7	Larsen & Toubro Limited ₹25.23 Cr	Construction	3.07%
8	Eternal Limited ₹23.20 Cr	Retailing	2.82%
9	TVS Motor Company Limited ₹19.99 Cr	Automobiles	2.43%
10	Infosys Limited ₹19.80 Cr	IT - Software	2.41%
11	Axis Bank Limited ₹18.99 Cr	Banks	2.31%
12	Tech Mahindra Limited ₹18.62 Cr	IT - Software	2.27%
13	Trent Limited ₹16.32 Cr	Retailing	1.99%
14	Maruti Suzuki India Limited ₹15.27 Cr	Automobiles	1.86%
15	Mankind Pharma Limited ₹14.17 Cr	Pharmaceuticals & Biotechnology	1.72%
16	Shriram Finance Limited ₹13.63 Cr	Finance	1.66%
17	UNO Minda Limited ₹13.04 Cr	Auto Components	1.59%
18	Titan Company Limited ₹12.95 Cr	Consumer Durables	1.58%
19	Sun Pharmaceutical Industries Limited ₹12.98 Cr	Pharmaceuticals & Biotechnology	1.58%
20	Hindustan Aeronautics Limited ₹12.27 Cr	Aerospace & Defense	1.49%
21	Tata Power Company Limited ₹12.15 Cr	Power	1.48%
22	BSE Limited ₹12.04 Cr	Capital Markets	1.47%
23	Dr. Reddy's Laboratories Limited ₹11.63 Cr	Pharmaceuticals & Biotechnology	1.41%
24	InterGlobe Aviation Limited ₹11.22 Cr	Transport Services	1.37%
25	Neuland Laboratories Limited ₹10.90 Cr	Pharmaceuticals & Biotechnology	1.33%
26	Hindustan Unilever Limited ₹10.63 Cr	Diversified FMCG	1.29%
27	LG Electronics India Ltd ₹10.40 Cr	Consumer Durables	1.27%
28	Dr. Lal Path Labs Limited ₹10.13 Cr	Healthcare Services	1.23%
29	LTIMindtree Limited ₹9.63 Cr	IT - Software	1.17%
30	Eicher Motors Limited ₹9.39 Cr	Automobiles	1.14%
31	Godrej Properties Limited ₹9.13 Cr	Realty	1.11%
32	IndusInd Bank Limited ₹9.13 Cr	Banks	1.11%
33	JK Cement Limited ₹8.73 Cr	Cement & Cement Products	1.06%
34	Info Edge (India) Limited ₹8.52 Cr	Retailing	1.04%
35	Grindwell Norton Limited ₹8.13 Cr	Industrial Products	0.99%
36	Marico Limited ₹8.00 Cr	Agricultural Food & other Products	0.97%
37	Aarti Industries Limited ₹7.84 Cr	Chemicals & Petrochemicals	0.95%
38	TD Power Systems Limited ₹7.71 Cr	Electrical Equipment	0.94%
39	Nestle India Limited ₹7.49 Cr	Food Products	0.91%
40	GlaxoSmithKline Pharmaceuticals Limited ₹7.51 Cr	Pharmaceuticals & Biotechnology	0.91%
41	HDFC Life Insurance Company Limited ₹7.35 Cr	Insurance	0.89%
42	Lenskart Solutions Limited ₹7.19 Cr	Retailing	0.87%
43	Voltas Limited ₹7.09 Cr	Consumer Durables	0.86%
44	Doms Industries Limited ₹7.01 Cr	Household Products	0.85%
45	Elgi Equipments Limited ₹6.47 Cr	Industrial Products	0.79%
46	Bandhan Bank Limited ₹6.50 Cr	Banks	0.79%
47	CG Power and Industrial Solutions Limited ₹6.03 Cr	Electrical Equipment	0.73%
48	Arvind Fashions Limited ₹5.77 Cr	Retailing	0.70%
49	Grasim Industries Limited ₹5.37 Cr	Cement & Cement Products	0.65%
50	Indus Towers Limited ₹4.35 Cr	Telecom - Services	0.53%
51	Jio Platforms Ltd. ₹4.29 Cr	Telecom - Services	0.52%
52	Tata Consultancy Services Limited ₹4.23 Cr	IT - Software	0.51%
53	One 97 Communications Limited ₹4.09 Cr	Financial Technology (Fintech)	0.50%
54	GE Vernova T&D India Limited ₹4.02 Cr	Electrical Equipment	0.49%
55	CarTrade Tech Limited ₹3.98 Cr	Retailing	0.48%
56	Fortis Healthcare Limited ₹3.95 Cr	Healthcare Services	0.48%
57	Radico Khaitan Limited ₹3.84 Cr	Beverages	0.47%
58	Vedanta Aluminium Metal Limited ₹3.60 Cr	Metals & Minerals Trading	0.44%
59	L&T Finance Limited ₹3.42 Cr	Finance	0.42%
60	Tata Motors Passenger Vehicles Limited ₹2.65 Cr	Automobiles	0.32%
61	KEI Industries Limited ₹1.89 Cr	Industrial Products	0.23%