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ELSS (tax saving) · Mahindra Manulife Mutual Fund · AMFI code 139780Mahindra Manulife ELSS Tax Saver Fund
Disclosed for 3 months, Jul 2026 to Sep 2026.
Portfolio value
₹829 Cr
down ₹65.8 Cr vs Aug 2026
- Stocks held
- 54
- unchanged
- Top 10 weight
- 40.3%
- of the portfolio in its ten largest
- Cash & debt
- 5.3%
- cash, money market and debt
- Moves this month
- 0 in · 0 out
- added to 6, trimmed 47
Mahindra Manulife ELSS Tax Saver Fund is an active equity fund in the ELSS (tax saving) category from Mahindra Manulife Mutual Fund. In September 2026 it disclosed 54 stocks worth ₹829 Cr, down ₹65.8 Cr from Aug 2026. Its largest positions were ICICI Bank Limited (9.2%), HDFC Bank Limited (7.2%), Bharti Airtel Limited (4.3%); the ten largest together made up 40.3% of the portfolio, and Banks was the biggest sector at 25.0% of its equity. Cash and debt stood at 5.3%. Compared with Aug 2026 the fund entered 0 new stocks and exited 0.
Against 46 other ELSS (tax saving) funds
Concentration
46%
Top-10 weight is higher than 46% of peers
Breadth
46%
Holds more stocks than 46% of peers
Cash
87%
Holds more cash than 87% of peers
Holdings in September 2026
Download CSVEvery line the fund disclosed, with the change against Aug 2026. Click a column to sort; click a company to see every fund that owns it.
| ICICI Bank Limited | 9.24% | down 0.66 pts | ₹76.6 Cr | down ₹12 Cr | Trimmed |
| HDFC Bank Limited | 7.24% | up 0.53 pts | ₹60 Cr | down ₹3 L | Held |
| Cash, TREPS & receivables | 5.33% | up 1.22 pts | ₹44.2 Cr | up ₹7.4 Cr | Added |
| Bharti Airtel Limited | 4.28% | up 0.19 pts | ₹35.5 Cr | down ₹1.1 Cr | Trimmed |
| Bajaj Finance Limited | 3.56% | down 0.07 pts | ₹29.5 Cr | down ₹3 Cr | Trimmed |
| Reliance Industries Limited | 3.11% | up 0.01 pts | ₹25.8 Cr | down ₹2 Cr | Trimmed |
| Larsen & Toubro Limited | 2.96% | up 0.01 pts | ₹24.5 Cr | down ₹1.9 Cr | Trimmed |
| Kotak Mahindra Bank Limited | 2.57% | up 0.18 pts | ₹21.3 Cr | down ₹12 L | Trimmed |
| TVS Motor Company Limited | 2.56% | up 0.05 pts | ₹21.2 Cr | down ₹1.2 Cr | Trimmed |
| Infosys Limited | 2.44% | down 0.14 pts | ₹20.2 Cr | down ₹2.8 Cr | Trimmed |
| Hindustan Unilever Limited | 2.31% | up 0.07 pts | ₹19.2 Cr | down ₹90 L | Trimmed |
| Axis Bank Limited | 2.31% | up 0.04 pts | ₹19.1 Cr | down ₹1.2 Cr | Trimmed |
| Eternal Limited | 2.22% | up 0.11 pts | ₹18.4 Cr | down ₹47 L | Trimmed |
| Maruti Suzuki India Limited | 2.15% | down 0.10 pts | ₹17.8 Cr | down ₹2.4 Cr | Trimmed |
| Avenue Supermarts Limited | 2.06% | up 0.10 pts | ₹17.1 Cr | down ₹44 L | Trimmed |
| UNO Minda Limited | 2.06% | down 0.02 pts | ₹17.1 Cr | down ₹1.5 Cr | Trimmed |
| Mankind Pharma Limited | 1.72% | up 0.18 pts | ₹14.2 Cr | up ₹48 L | Added |
| Tech Mahindra Limited | 1.71% | up 0.02 pts | ₹14.2 Cr | down ₹97 L | Trimmed |
| Titan Company Limited | 1.62% | down 0.05 pts | ₹13.4 Cr | down ₹1.5 Cr | Trimmed |
| Sun Pharmaceutical Industries Limited | 1.60% | down 0.02 pts | ₹13.3 Cr | down ₹1.2 Cr | Trimmed |
| Info Edge (India) Limited | 1.54% | up <0.01 pts | ₹12.8 Cr | down ₹98 L | Trimmed |
| Tata Power Company Limited | 1.52% | up 0.16 pts | ₹12.6 Cr | up ₹42 L | Added |
| IndusInd Bank Limited | 1.43% | down 0.41 pts | ₹11.9 Cr | down ₹4.6 Cr | Trimmed |
| Neuland Laboratories Limited | 1.43% | down 0.12 pts | ₹11.8 Cr | down ₹2 Cr | Trimmed |
| InterGlobe Aviation Limited | 1.38% | up 0.04 pts | ₹11.5 Cr | down ₹57 L | Trimmed |
| Eicher Motors Limited | 1.29% | down 0.04 pts | ₹10.7 Cr | down ₹1.2 Cr | Trimmed |
| Dr. Reddy's Laboratories Limited | 1.28% | up 0.17 pts | ₹10.6 Cr | up ₹68 L | Added |
| Dr. Lal Path Labs Limited | 1.27% | up 0.12 pts | ₹10.6 Cr | up ₹28 L | Added |
| Trent Limited | 1.27% | down 0.02 pts | ₹10.5 Cr | down ₹1 Cr | Trimmed |
| Shriram Transport Finance Company Limited Shriram Finance Limited · history in this fund | 1.26% | down 0.06 pts | ₹10.4 Cr | down ₹1.3 Cr | Trimmed |
| LG Electronics India Ltd | 1.20% | up 0.10 pts | ₹9.9 Cr | up ₹15 L | Added |
| Godrej Properties Limited | 1.14% | down 0.17 pts | ₹9.5 Cr | down ₹2.2 Cr | Trimmed |
| Hindustan Aeronautics Limited | 1.13% | up 0.05 pts | ₹9.3 Cr | down ₹27 L | Trimmed |
| JK Cement Limited | 1.12% | up 0.07 pts | ₹9.3 Cr | down ₹10 L | Trimmed |
| LTIMindtree Limited | 1.11% | down 0.04 pts | ₹9.2 Cr | down ₹1.1 Cr | Trimmed |
| Tata Motors Limited | 1.05% | down 0.01 pts | ₹8.7 Cr | down ₹78 L | Trimmed |
| Grindwell Norton Ltd. | 1.04% | up 0.06 pts | ₹8.6 Cr | down ₹13 L | Trimmed |
| Aarti Industries Limited | 1.03% | down 0.02 pts | ₹8.6 Cr | down ₹88 L | Trimmed |
| Nestle India Limited | 1.01% | down 0.06 pts | ₹8.4 Cr | down ₹1.2 Cr | Trimmed |
| GlaxoSmithKline Pharmaceuticals Limited | 1.01% | down 0.02 pts | ₹8.3 Cr | down ₹85 L | Trimmed |
| Doms Industries Limited | 0.98% | up 0.02 pts | ₹8.1 Cr | down ₹48 L | Trimmed |
| Indus Towers Limited | 0.97% | up 0.03 pts | ₹8 Cr | down ₹34 L | Trimmed |
| Jubilant Ingrevia Limited | 0.97% | up 0.04 pts | ₹8 Cr | down ₹27 L | Trimmed |
| Marico Limited | 0.95% | up 0.03 pts | ₹7.9 Cr | down ₹34 L | Trimmed |
| Fortis Healthcare Limited | 0.94% | down 0.09 pts | ₹7.8 Cr | down ₹1.4 Cr | Trimmed |
| Elgi Equipments Limited | 0.93% | up 0.04 pts | ₹7.7 Cr | down ₹23 L | Trimmed |
| Crompton Greaves Consumer Electricals Limited | 0.91% | down 0.04 pts | ₹7.5 Cr | down ₹98 L | Trimmed |
| Bandhan Bank Limited | 0.91% | up 0.14 pts | ₹7.5 Cr | up ₹62 L | Added |
| Voltas Limited | 0.89% | down 0.03 pts | ₹7.4 Cr | down ₹86 L | Trimmed |
| HDFC Life Insurance Company Limited | 0.88% | up 0.03 pts | ₹7.3 Cr | down ₹31 L | Trimmed |
What changed, Aug 2026 to Sep 2026
New New positions (0)
None.
Exited Exited (0)
None.
Added Biggest additions
- Dr. Reddy's Laboratories Limitedup ₹68 L (+0.17% pts)
- Bandhan Bank Limitedup ₹62 L (+0.14% pts)
- Mankind Pharma Limitedup ₹48 L (+0.18% pts)
- Tata Power Company Limitedup ₹42 L (+0.16% pts)
- Dr. Lal Path Labs Limitedup ₹28 L (+0.12% pts)
Sectors
Which sectors the fund is moving towards and away from, and where its money sits now. Shares are of the fund’s classified equity holdings, so they add up to 100%.
Where the weight moved
Compared with
Since Aug 2026, the weight rose most in Telecom - Services (+0.3 pts) and Pharmaceuticals & Biotechnology (+0.3 pts), and fell most in Finance (−1.6 pts) and Realty (−0.2 pts).
- Telecom - Services5.2% → 5.5%+0.3 pts
- Pharmaceuticals & Biotechnology7.1% → 7.4%+0.3 pts
- Retailing8.1% → 8.3%+0.2 pts
- Power1.4% → 1.6%+0.2 pts
- Industrial Products2.0% → 2.1%+0.1 pts
- Banks24.9% → 25.0%+0.1 pts
- Finance7.6% → 6.0%−1.6 pts
- Realty1.4% → 1.2%−0.2 pts
- IT - Software5.7% → 5.6%−0.1 pts
A sector’s weight changes when the fund buys or sells, and also when its shares rise or fall in price, so a change is not by itself a sign of buying or selling.
Main sectors’ weights over time
| Sector | Aug 2026 | Sep 2026 |
|---|---|---|
| Banks | 24.9% | 25.0% |
| Retailing | 8.1% | 8.3% |
| Automobiles | 7.5% | 7.5% |
| Pharmaceuticals & Biotechnology | 7.1% | 7.4% |
| Finance | 7.6% | 6.0% |
| IT - Software | 5.7% | 5.6% |
| Telecom - Services | 5.2% | 5.5% |
| Consumer Durables | 4.8% | 4.9% |
| Petroleum Products | 3.2% | 3.3% |
| Construction | 3.1% | 3.1% |
Allocation in Sep 2026change vs Aug 2026
- Banks (6)25.0%▲ 0.1 pts
- Retailing (5)8.3%▲ 0.2 pts
- Automobiles (4)7.5%
Cash and debt
The share of the portfolio not in shares: cash and net receivables, money-market instruments and bonds, as disclosed each month. Cash can dip below zero when payables, often on derivative positions, exceed it. A change here describes what the fund did; it is not a signal.
Cash & debt, Sep 2026
5.3%
▲ 1.2 pts vs Aug 2026
- Cash alone
- 5.3%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 2.4% – 5.3%
- lowest to highest · record 5.3% in Sep 2026
History
Disclosed portfolio value by month, with the stocks the fund entered and exited against its previous disclosure. Every month is a link to that portfolio.