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Fund Overview

Fund Size

Fund Size

₹827 Cr

Expense Ratio

Expense Ratio

0.48%

ISIN

ISIN

INF174V01BQ4

Minimum SIP

Minimum SIP

₹1,000

Exit Load

Exit Load

1.00%

Inception Date

Inception Date

13 Sep 2023

About this fund

Mahindra Manulife Business Cycle Fund Direct Growth is a Equity - Other mutual fund schemes offered by Mahindra Manulife Mutual Fund. This fund has been in existence for 8 months and 5 days, having been launched on 13-Sep-23.
As of 17-May-24, it has a Net Asset Value (NAV) of ₹13.76, Assets Under Management (AUM) of 826.97 Crores, and an expense ratio of 0.48%.
  • Mahindra Manulife Business Cycle Fund Direct Growth has given a CAGR return of 37.36% since inception.
  • The fund's asset allocation comprises around 98.51% in equities, 0.00% in debts, and 1.49% in cash & cash equivalents.
  • You can start investing in Mahindra Manulife Business Cycle 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

+37.36%

(Cat Avg.)

Portfolio Summaryas of 30th April 2024

Equity814.63 Cr98.51%
Others12.34 Cr1.49%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
State Bank of IndiaEquity35.94 Cr4.35%
Reliance Industries LtdEquity35.77 Cr4.33%
ICICI Bank LtdEquity29.86 Cr3.61%
Indus Towers Ltd Ordinary SharesEquity29.82 Cr3.61%
Tata Consultancy Services LtdEquity20.61 Cr2.49%
IndusInd Bank LtdEquity18.83 Cr2.28%
Grasim Industries LtdEquity18.09 Cr2.19%
Canara BankEquity17.1 Cr2.07%
Godrej Industries LtdEquity17.01 Cr2.06%
Divi's Laboratories LtdEquity16.97 Cr2.05%
CESC LtdEquity16.94 Cr2.05%
National Aluminium Co LtdEquity16.77 Cr2.03%
Tata Steel LtdEquity16.35 Cr1.98%
Indraprastha Gas LtdEquity15.95 Cr1.93%
GAIL (India) LtdEquity15.79 Cr1.91%
Steel Authority Of India LtdEquity15.75 Cr1.90%
NTPC LtdEquity15.38 Cr1.86%
Kirloskar Brothers LtdEquity15 Cr1.81%
ITC LtdEquity14.68 Cr1.78%
Bank of IndiaEquity14.61 Cr1.77%
Infosys LtdEquity14.21 Cr1.72%
Sun Pharmaceuticals Industries LtdEquity13.97 Cr1.69%
Union Bank of IndiaEquity13.78 Cr1.67%
Triparty RepoCash - Repurchase Agreement13.52 Cr1.64%
Maruti Suzuki India LtdEquity13.46 Cr1.63%
MOIL LtdEquity13.19 Cr1.59%
Lakshmi Machine Works LtdEquity12.95 Cr1.57%
Coal India LtdEquity12.87 Cr1.56%
Piramal Enterprises LtdEquity12.8 Cr1.55%
GlaxoSmithKline Pharmaceuticals LtdEquity12.52 Cr1.51%
Bharat Bijlee LtdEquity12.33 Cr1.49%
NHPC LtdEquity12.19 Cr1.47%
Voltas LtdEquity12.02 Cr1.45%
Triveni Engineering & Industries LtdEquity11.95 Cr1.45%
Century Textiles & Industries LtdEquity11.89 Cr1.44%
RBL Bank LtdEquity11.65 Cr1.41%
Hero MotoCorp LtdEquity11.36 Cr1.37%
Carborundum Universal LtdEquity11.3 Cr1.37%
Oil India LtdEquity11.16 Cr1.35%
Asahi India Glass LtdEquity11.11 Cr1.34%
VIP Industries LtdEquity10.99 Cr1.33%
Cipla LtdEquity10.92 Cr1.32%
LTIMindtree LtdEquity10.45 Cr1.26%
Wipro LtdEquity10.31 Cr1.25%
Vinati Organics LtdEquity9.82 Cr1.19%
INOX India LtdEquity9.13 Cr1.10%
Bharat Forge LtdEquity8.95 Cr1.08%
L&T Finance LtdEquity8.83 Cr1.07%
Kotak Mahindra Bank LtdEquity8.73 Cr1.06%
ISGEC Heavy Engineering LtdEquity8.71 Cr1.05%
Piramal Pharma LtdEquity8.7 Cr1.05%
Gujarat State Petronet LtdEquity8.1 Cr0.98%
Tech Mahindra LtdEquity8.07 Cr0.98%
S.P. Apparels LtdEquity7.58 Cr0.92%
PNC Infratech LtdEquity7.48 Cr0.90%
Kirloskar Ferrous Industries LtdEquity7.46 Cr0.90%
Anant Raj LtdEquity7.22 Cr0.87%
Power Finance Corp LtdEquity7.21 Cr0.87%
Firstsource Solutions LtdEquity6.77 Cr0.82%
Natco Pharma LtdEquity6.11 Cr0.74%
Emami LtdEquity4.87 Cr0.59%
Bharti Hexacom LtdEquity4.33 Cr0.52%
Net Receivables / (Payables)Cash-1.18 Cr0.14%

Allocation By Market Cap (Equity)

Large Cap Stocks

45.23%

Mid Cap Stocks

24.89%

Small Cap Stocks

28.39%

Other Allocation

Equity Sector

Debt & Others

SectorAmount sortHoldings sort
Financial Services179.34 Cr21.69%
Industrials113.38 Cr13.71%
Basic Materials101.85 Cr12.32%
Utilities84.34 Cr10.20%
Technology70.41 Cr8.51%
Healthcare69.19 Cr8.37%
Consumer Cyclical63.45 Cr7.67%
Energy59.8 Cr7.23%
Communication Services34.15 Cr4.13%
Consumer Defensive31.51 Cr3.81%
Real Estate7.22 Cr0.87%

Risk & Performance Ratios

Standard Deviation

This fund

--

Cat. avg.

--

Lower the better

Sharpe Ratio

This fund

--

Cat. avg.

--

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

--

Higher the better

Fund Managers

Krishna Sanghavi

Krishna Sanghavi

Since September 2023

RR

Renjith Radhakrishnan

Since September 2023

PP

Pranav Patel

Since January 2024

Additional Scheme Detailsas of 30th April 2024

ISININF174V01BQ4Expense Ratio0.48%Exit Load1.00%Fund Size₹827 CrAge13 Sep 2023Lumpsum Minimum₹1,000Fund StatusOpen Ended Investment CompanyBenchmarkNifty 500 TRI

Investment ObjectiveInvestment 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

Withdrawal within 1 year

Flat 15% tax on realised gains (STCG - short term capital gains)

Withdrawal after 1 year

10% tax on realised gains above Rs. 1 lakh per financial year (LTCG - long term capital gains)

Note: Mutual funds are subject to capital gains taxation with surcharge and cess, based on prevailing income tax rules and investor income. Taxation applies to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar Equity - Other Funds

Fund nameExpense RatioExit LoadFund size
1Y
SBI Equity Minimum Variance Fund Direct Growth

Very High Risk

0.4%0.0%₹189.69 Cr31.0%
SBI Equity Minimum Variance Fund Regular Growth

Very High Risk

0.7%0.0%₹189.69 Cr30.6%
Bandhan Transportation and Logistics Fund Direct Growth

Very High Risk

0.8%0.0%₹469.41 Cr60.7%
Bandhan Transportation and Logistics Fund Regular Growth

Very High Risk

2.4%0.0%₹469.41 Cr58.1%
ICICI Prudential Transportation and Logistics Fund Direct Growth

Very High Risk

0.8%1.0%₹2838.70 Cr60.6%
ICICI Prudential Transportation and Logistics Fund Regular Growth

Very High Risk

2.0%1.0%₹2838.70 Cr58.6%
HDFC NIFTY200 Momentum 30 ETF

Very High Risk

0.3%-₹11.35 Cr63.0%
HDFC NIFTY100 Low Volatility 30 ETF

Very High Risk

0.3%-₹5.95 Cr34.7%
ICICI Prudential Nifty 200 Momentum 30 ETF

Very High Risk

0.3%-₹141.30 Cr69.9%
DSP Nifty Midcap 150 Quality 50 ETF

Low Risk

0.3%-₹85.36 Cr36.7%

About the AMC

Total AUM

₹13,599 Cr

Address

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

Other Funds by Mahindra Manulife Mutual Fund

Fund nameExpense RatioExit LoadFund size
1Y
Mahindra Manulife Business Cycle Fund Direct Growth

Very High Risk

0.5%1.0%₹826.97 Cr-
Mahindra Manulife Large Cap Fund Direct Growth

Very High Risk

0.7%1.0%₹448.64 Cr34.5%
Mahindra Manulife Liquid Fund Direct Growth

Moderate Risk

0.1%0.0%₹1061.93 Cr7.4%
Mahindra Manulife ELSS Fund Direct Growth

Very High Risk

0.6%0.0%₹858.41 Cr34.3%
Mahindra Manulife Overnight Fund Direct Growth

Low Risk

0.1%0.0%₹148.27 Cr6.8%
Mahindra Manulife Asia Pacific REITs FOF Direct Growth

Very High Risk

0.4%1.0%₹21.40 Cr-5.5%
Mahindra Manulife Equity Savings Fund Direct Growth

Moderately High risk

0.8%1.0%₹485.01 Cr20.8%
Mahindra Manulife Dynamic Bond Fund Direct Growth

Moderate Risk

0.4%0.0%₹64.32 Cr7.1%
Mahindra Manulife Short Duration Fund Direct Growth

Moderate Risk

0.3%0.0%₹50.06 Cr7.3%
Mahindra Manulife Arbitrage Fund Direct Growth

Low Risk

0.4%0.0%₹70.51 Cr7.0%
Mahindra Manulife Aggressive Hybrid Fund Direct Growth

Very High Risk

0.5%1.0%₹1138.39 Cr35.2%
Mahindra Manulife Balanced Advantage Fund Direct Growth

Very High Risk

0.6%1.0%₹731.33 Cr31.1%

Risk Level

Your principal amount will be at Very High Risk

Very High Risk
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The NAV of Mahindra Manulife Business Cycle Fund Direct Growth, as of 17-May-2024, is ₹13.76.
The fund's allocation of assets is distributed as 98.51% in equities, 0.00% in bonds, and 1.49% in cash and cash equivalents.
The fund managers responsible for Mahindra Manulife Business Cycle Fund Direct Growth are:-
  1. Krishna Sanghavi
  2. Renjith Radhakrishnan
  3. Pranav Patel