Mahindra Manulife Banking & Financial Services Fund Direct Growth

Fund Overview

Fund Size

₹428 Cr

Expense Ratio

0.56%

ISIN

INF174V01CO7

Minimum SIP

₹1,000

Exit Load

No Charges

Inception Date

18 Jul 2025

About this fund

Mahindra Manulife Banking & Financial Services Fund Direct Growth is a Sector - Financial Services mutual fund schemes offered by Mahindra Manulife Mutual Fund. This fund has been in existence for 11 months and 19 days, having been launched on 18-Jul-25.
As of 06-Jul-26, it has a Net Asset Value (NAV) of ₹11.07, Assets Under Management (AUM) of 427.75 Crores, and an expense ratio of 0.56%.

Mahindra Manulife Banking & Financial Services Fund Direct Growth has given a CAGR return of 10.68% since inception.
The fund's asset allocation comprises around 97.53% in equities, 0.00% in debts, and 2.47% in cash & cash equivalents.
You can start investing in Mahindra Manulife Banking & Financial Services Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹1000.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

Since Inception

+10.68%

— (Cat Avg.)

Portfolio Summaryas of 31st May 2026

Equity	₹417.2 Cr	97.53%
Others	₹10.55 Cr	2.47%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
ICICI Bank Ltd	Equity	₹55.64 Cr	13.01%
HDFC Bank Ltd	Equity	₹38.18 Cr	8.93%
Axis Bank Ltd	Equity	₹37.59 Cr	8.79%
State Bank of India	Equity	₹24.63 Cr	5.76%
Shriram Finance Ltd	Equity	₹21.1 Cr	4.93%
Aditya Birla Capital Ltd	Equity	₹18.29 Cr	4.28%
Bajaj Finance Ltd	Equity	₹15.99 Cr	3.74%
L&T Finance Ltd	Equity	₹15.19 Cr	3.55%
Max Financial Services Ltd	Equity	₹14.03 Cr	3.28%
SBI Life Insurance Co Ltd	Equity	₹13.72 Cr	3.21%
Ujjivan Small Finance Bank Ltd Ordinary Shares	Equity	₹13.43 Cr	3.14%
Kotak Mahindra Bank Ltd	Equity	₹13.25 Cr	3.10%
Karur Vysya Bank Ltd	Equity	₹13.23 Cr	3.09%
ICICI Prudential Asset Management Co Ltd	Equity	₹12.76 Cr	2.98%
Equitas Small Finance Bank Ltd Ordinary Shares	Equity	₹12.31 Cr	2.88%
PB Fintech Ltd	Equity	₹11.75 Cr	2.75%
Nippon Life India Asset Management Ltd Ordinary Shares	Equity	₹11 Cr	2.57%
Bandhan Bank Ltd	Equity	₹9.77 Cr	2.28%
Triparty Repo	Cash - Repurchase Agreement	₹9.23 Cr	2.16%
Cholamandalam Investment and Finance Co Ltd	Equity	₹8.52 Cr	1.99%
Tata Capital Ltd	Equity	₹8.01 Cr	1.87%
BSE Ltd	Equity	₹7.41 Cr	1.73%
Angel One Ltd Ordinary Shares	Equity	₹7.18 Cr	1.68%
Fedbank Financial Services Ltd	Equity	₹6.73 Cr	1.57%
360 One Wam Ltd Ordinary Shares	Equity	₹6.63 Cr	1.55%
PNB Housing Finance Ltd	Equity	₹5.12 Cr	1.20%
DCB Bank Ltd	Equity	₹3.98 Cr	0.93%
Indian Bank	Equity	₹3.9 Cr	0.91%
Multi Commodity Exchange of India Ltd	Equity	₹3.72 Cr	0.87%
Repco Home Finance Ltd	Equity	₹2.35 Cr	0.55%
Bank of Maharashtra	Equity	₹1.78 Cr	0.42%
Margin Placed With Ccil & Arcl	Cash - Repurchase Agreement	₹0.7 Cr	0.16%
Net Receivables / (Payables)	Cash - Collateral	₹0.62 Cr	0.14%

Allocation By Market Cap (Equity)

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Financial Services	₹417.2 Cr	97.53%

Risk & Performance Ratios

Fund Managers

Vishal Jajoo

Since July 2025

Chetan Gindodia

Since July 2025

Additional Scheme Detailsas of 31st May 2026

ISIN

INF174V01CO7

Expense Ratio

0.56%

Exit Load

No Charges

Fund Size

₹428 Cr

Age

11 months

Lumpsum Minimum

₹1,000

Fund Status

Open Ended Investment Company

Benchmark

Nifty Financial Services TR INR

Investment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

Capital Gains Taxation:

Dividend Taxation:

Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar Sector - Financial Services Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Groww Nifty Private Bank ETF Very High Risk	0.3%	-	₹5.95 Cr	-
Motilal Oswal BSE Top 10 Banks ETF Very High Risk	0.1%	-	₹5.53 Cr	-
Groww Nifty PSU Bank ETF Very High Risk	0.5%	-	₹6.25 Cr	-
Kotak Nifty Bank ETF Very High Risk	0.1%	-	₹4357.89 Cr	2.8%
DSP BSE Top 10 Banks ETF Very High Risk	0.1%	-	₹254.94 Cr	-
Canara Robeco Banking and Financial Services Fund Regular Growth Very High Risk	2.1%	1.0%	₹574.85 Cr	-
Canara Robeco Banking and Financial Services Fund Direct Growth Very High Risk	0.6%	1.0%	₹574.85 Cr	-
Aditya Birla Sun Life BSE Top 10 Banks ETF Very High Risk	0.1%	-	₹272.28 Cr	-
Motilal Oswal Financial Services Fund Regular Growth Very High Risk	2.5%	1.0%	₹176.12 Cr	-
Motilal Oswal Financial Services Fund Direct Growth Very High Risk	0.9%	1.0%	₹176.12 Cr	-
Edelweiss Financial Services Fund Direct Growth Very High Risk	0.8%	1.0%	₹256.29 Cr	-
Edelweiss Financial Services Fund Regular Growth Very High Risk	2.4%	1.0%	₹256.29 Cr	-
Bank of India Banking and Financial Services Fund Direct Growth Very High Risk	1.1%	1.0%	₹273.08 Cr	-
Bank of India Banking and Financial Services Fund Regular Growth Very High Risk	2.0%	1.0%	₹273.08 Cr	-
Groww Nifty Capital Markets ETF Very High Risk	0.5%	-	₹38.43 Cr	-
Bajaj Finserv Banking and Financial Services Fund Direct Growth Very High Risk	0.7%	1.0%	₹425.15 Cr	-
Bajaj Finserv Banking and Financial Services Fund Regular Growth Very High Risk	2.1%	1.0%	₹425.15 Cr	-
Mahindra Manulife Banking & Financial Services Fund Regular Growth Very High Risk	2.1%	0.0%	₹427.75 Cr	-
Mahindra Manulife Banking & Financial Services Fund Direct Growth Very High Risk	0.6%	0.0%	₹427.75 Cr	-
SBI BSE PSU Bank ETF Very High Risk	0.3%	-	₹1107.04 Cr	15.5%
HSBC Financial Services Fund Regular Growth Very High Risk	2.0%	1.0%	₹876.05 Cr	8.3%
HSBC Financial Services Fund Direct Growth Very High Risk	0.7%	1.0%	₹876.05 Cr	9.9%
HDFC Nifty Bank ETF Very High Risk	0.2%	-	₹2635.56 Cr	2.8%
Mirae Asset Nifty PSU Bank ETF Very High Risk	0.2%	-	₹57.01 Cr	17.1%
Edelweiss Nifty Bank ETF Very High Risk	0.3%	-	₹3.39 Cr	2.7%
Helios Financial Services Fund Direct Growth Very High Risk	0.9%	1.0%	₹189.38 Cr	2.6%
Helios Financial Services Fund Regular Growth Very High Risk	2.4%	1.0%	₹189.38 Cr	1.0%
Baroda BNP Paribas NIFTY Bank ETF Very High Risk	0.3%	-	₹4.02 Cr	2.8%
ICICI Prudential Nifty Private Banks ETF Very High Risk	0.1%	-	₹3136.56 Cr	1.5%
HDFC Nifty Private Bank ETF Very High Risk	0.1%	-	₹363.61 Cr	1.5%
Groww Banking & Financial Services Fund Regular Growth Very High Risk	2.4%	1.0%	₹70.14 Cr	8.6%
Groww Banking & Financial Services Fund Direct Growth Very High Risk	0.5%	1.0%	₹70.14 Cr	10.7%
WhiteOak Capital Banking & Financial Services Fund Regular Growth Very High Risk	2.1%	0.0%	₹592.50 Cr	4.9%
WhiteOak Capital Banking & Financial Services Fund Direct Growth Very High Risk	0.6%	0.0%	₹592.50 Cr	6.7%
HDFC Nifty PSU Bank ETF Very High Risk	0.3%	-	₹35.03 Cr	16.9%
Bajaj Finserv Nifty Bank ETF Very High Risk	0.1%	-	₹386.76 Cr	2.8%
DSP Banking & Financial Services Fund Regular Growth Very High Risk	1.8%	0.0%	₹1870.92 Cr	10.9%
DSP Banking & Financial Services Fund Direct Growth Very High Risk	0.5%	0.0%	₹1870.92 Cr	12.6%
Mirae Asset Nifty Financial Services ETF Very High Risk	0.1%	-	₹432.07 Cr	1.3%
Kotak Nifty Bank ETF Very High Risk	0.1%	-	₹6341.50 Cr	26.6%
Nippon India Banking & Financial Services Fund Direct Growth Very High Risk	0.8%	1.0%	₹7441.66 Cr	3.8%
Invesco India Financial Services Fund Direct Growth Very High Risk	0.7%	1.0%	₹1701.01 Cr	8.6%
UTI Nifty Bank ETF Very High Risk	0.2%	-	₹3208.68 Cr	2.8%
HDFC Nifty Private Bank ETF Very High Risk	0.1%	-	₹352.74 Cr	-88.9%
ICICI Prudential Nifty Bank ETF Very High Risk	0.1%	-	₹2854.44 Cr	2.8%
SBI Nifty Private Bank ETF Very High Risk	0.1%	-	₹399.80 Cr	1.5%
Bandhan Financial Services Fund Regular Growth Very High Risk	1.9%	0.0%	₹1050.00 Cr	2.2%
Bandhan Financial Services Fund Direct Growth Very High Risk	0.6%	0.0%	₹1050.00 Cr	3.8%
Mirae Asset Nifty Bank ETF Very High Risk	0.1%	-	₹296.91 Cr	2.9%
SBI Nifty Bank ETF Very High Risk	0.2%	-	₹3674.01 Cr	2.7%

About the AMC

Mahindra Manulife Mutual Fund

022-66327900

https://www.mahindramanulife.com/

Total AUM

₹35,080 Cr

Address

570 P. B. Marg, Worli, Mumbai 400018, Mumbai, 400018

Other Funds by Mahindra Manulife Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Mahindra Manulife Innovation Opportunities Fund Direct Growth Very High Risk	0.5%	0.0%	₹194.04 Cr	-
Mahindra Manulife Income Plus Arbitrage Active FOF Direct Growth Moderate Risk	0.1%	0.0%	₹17.96 Cr	-
Mahindra Manulife Banking & Financial Services Fund Direct Growth Very High Risk	0.6%	0.0%	₹427.75 Cr	-
Mahindra Manulife Value Fund Direct Growth Very High Risk	0.4%	0.0%	₹831.41 Cr	10.3%
Mahindra Manulife Manufacturing Fund Direct Growth Very High Risk	0.7%	0.0%	₹665.35 Cr	7.5%
Mahindra Manulife Multi Asset Allocation Fund Direct Growth Very High Risk	0.3%	0.0%	₹1117.94 Cr	16.7%
Mahindra Manulife Business Cycle Fund Direct Growth Very High Risk	0.5%	1.0%	₹1304.79 Cr	7.7%
Mahindra Manulife Large Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹686.91 Cr	-3.7%
Mahindra Manulife Liquid Fund Direct Growth Moderate Risk	0.1%	0.0%	₹1087.61 Cr	6.4%
Mahindra Manulife Large & Mid Cap Fund Direct Growth Very High Risk	0.4%	1.0%	₹2717.27 Cr	0.5%
Mahindra Manulife ELSS Fund Direct Growth Very High Risk	0.7%	0.0%	₹866.77 Cr	-3.2%
Mahindra Manulife Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹83.71 Cr	5.3%
Mahindra Manulife Small Cap Fund Direct Growth Very High Risk	0.4%	1.0%	₹4590.90 Cr	12.0%
Mahindra Manulife Flexi Cap Fund Direct Growth Very High Risk	0.4%	1.0%	₹1526.86 Cr	-1.6%
Mahindra Manulife Consumption Fund Direct Growth Very High Risk	0.6%	1.0%	₹491.54 Cr	-0.7%
Mahindra Manulife Focused Fund Direct Growth Very High Risk	0.4%	1.0%	₹2176.76 Cr	2.6%
Mahindra Manulife Asia Pacific REITs FOF Direct Growth Very High Risk	0.4%	1.0%	₹41.98 Cr	16.7%
Mahindra Manulife Equity Savings Fund Direct Growth Moderately High risk	0.7%	1.0%	₹525.67 Cr	6.8%
Mahindra Manulife Multi Cap Fund Direct Growth Very High Risk	0.4%	1.0%	₹6643.08 Cr	7.5%
Mahindra Manulife Dynamic Bond Fund Direct Growth Moderately High risk	0.3%	0.0%	₹53.79 Cr	6.1%
Mahindra Manulife Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹213.25 Cr	6.6%
Mahindra Manulife Short Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹83.31 Cr	6.6%
Mahindra Manulife Mid Cap Fund Direct Growth Very High Risk	0.4%	1.0%	₹4865.69 Cr	10.1%
Mahindra Manulife Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹121.08 Cr	6.2%
Mahindra Manulife Low Duration Fund Direct Growth Moderate Risk	0.3%	0.0%	₹550.21 Cr	6.6%
Mahindra Manulife Aggressive Hybrid Fund Direct Growth Very High Risk	0.4%	1.0%	₹2310.48 Cr	-0.3%
Mahindra Manulife Balanced Advantage Fund Direct Growth Very High Risk	0.6%	1.0%	₹883.89 Cr	3.1%

Risk Level

Your principal amount will be at Very High Risk

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What is the current NAV of Mahindra Manulife Banking & Financial Services Fund Direct Growth?

The NAV of Mahindra Manulife Banking & Financial Services Fund Direct Growth, as of 06-Jul-2026, is ₹11.07.

What is the portfolio composition of Mahindra Manulife Banking & Financial Services Fund Direct Growth?

The fund's allocation of assets is distributed as 97.53% in equities, 0.00% in bonds, and 2.47% in cash and cash equivalents.

Who manages the Mahindra Manulife Banking & Financial Services Fund Direct Growth?

The fund managers responsible for Mahindra Manulife Banking & Financial Services Fund Direct Growth are:-

Vishal Jajoo
Chetan Gindodia

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

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Mahindra Manulife Banking & Financial Services Fund Direct Growth

Fund Overview