Mahindra Manulife Consumption Fund Direct Growth

Fund Overview

Fund Size

₹559 Cr

Expense Ratio

0.63%

ISIN

INF174V01663

Minimum SIP

₹1,000

Exit Load

1.00%

Inception Date

16 Nov 2018

About this fund

Mahindra Manulife Consumption Fund Direct Growth is a Equity - Consumption mutual fund schemes offered by Mahindra Manulife Mutual Fund. This fund has been in existence for 7 years, 2 months and 6 days, having been launched on 16-Nov-18.
As of 21-Jan-26, it has a Net Asset Value (NAV) of ₹24.43, Assets Under Management (AUM) of 559.43 Crores, and an expense ratio of 0.63%.

Mahindra Manulife Consumption Fund Direct Growth has given a CAGR return of 13.21% since inception.
The fund's asset allocation comprises around 96.38% in equities, 0.00% in debts, and 3.60% in cash & cash equivalents.
You can start investing in Mahindra Manulife Consumption 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.

1 Year

+2.74%

+0.79% (Cat Avg.)

3 Years

+16.60%

+15.51% (Cat Avg.)

5 Years

+15.37%

+14.72% (Cat Avg.)

Since Inception

+13.21%

— (Cat Avg.)

Portfolio Summaryas of 31st December 2025

Equity	₹539.19 Cr	96.38%
Others	₹20.12 Cr	3.60%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
Bharti Airtel Ltd	Equity	₹39.7 Cr	7.10%
ITC Ltd	Equity	₹33.33 Cr	5.96%
Mahindra & Mahindra Ltd	Equity	₹30.21 Cr	5.40%
Maruti Suzuki India Ltd	Equity	₹24.51 Cr	4.38%
Titan Co Ltd	Equity	₹24.37 Cr	4.36%
Eternal Ltd	Equity	₹24.34 Cr	4.35%
Hindustan Unilever Ltd	Equity	₹21.7 Cr	3.88%
Bajaj Auto Ltd	Equity	₹17.26 Cr	3.08%
Triparty Repo	Cash - Repurchase Agreement	₹17.04 Cr	3.05%
Tata Consumer Products Ltd	Equity	₹14.08 Cr	2.52%
Indus Towers Ltd Ordinary Shares	Equity	₹12.21 Cr	2.18%
Varun Beverages Ltd	Equity	₹11.36 Cr	2.03%
TVS Motor Co Ltd	Equity	₹10.94 Cr	1.95%
Avenue Supermarts Ltd	Equity	₹10.82 Cr	1.93%
Trent Ltd	Equity	₹10.26 Cr	1.83%
Asian Paints Ltd	Equity	₹10.23 Cr	1.83%
DOMS Industries Ltd	Equity	₹9.98 Cr	1.78%
Britannia Industries Ltd	Equity	₹9.95 Cr	1.78%
Tata Power Co Ltd	Equity	₹9.87 Cr	1.76%
Godrej Consumer Products Ltd	Equity	₹9.51 Cr	1.70%
Info Edge (India) Ltd	Equity	₹9.44 Cr	1.69%
Devyani International Ltd	Equity	₹9.39 Cr	1.68%
Max Healthcare Institute Ltd Ordinary Shares	Equity	₹8.59 Cr	1.53%
Blue Star Ltd	Equity	₹8.47 Cr	1.51%
Swiggy Ltd	Equity	₹8.42 Cr	1.51%
Aditya Birla Real Estate Ltd	Equity	₹8.37 Cr	1.50%
Emami Ltd	Equity	₹8.35 Cr	1.49%
Belrise Industries Ltd	Equity	₹8.34 Cr	1.49%
LG Electronics India Ltd	Equity	₹8.22 Cr	1.47%
Aditya Vision Ltd	Equity	₹8.13 Cr	1.45%
United Spirits Ltd	Equity	₹7.75 Cr	1.39%
Mrs Bectors Food Specialities Ltd Ordinary Shares	Equity	₹7.74 Cr	1.38%
Ceat Ltd	Equity	₹7.44 Cr	1.33%
Havells India Ltd	Equity	₹7.41 Cr	1.32%
Radico Khaitan Ltd	Equity	₹6.6 Cr	1.18%
Jubilant Foodworks Ltd	Equity	₹6.42 Cr	1.15%
Dabur India Ltd	Equity	₹6.33 Cr	1.13%
Chalet Hotels Ltd	Equity	₹6.05 Cr	1.08%
Metro Brands Ltd	Equity	₹5.92 Cr	1.06%
Polycab India Ltd	Equity	₹5.87 Cr	1.05%
Hindustan Foods Ltd	Equity	₹5.74 Cr	1.03%
Vishal Mega Mart Ltd	Equity	₹5.52 Cr	0.99%
Wakefit Innovations Ltd	Equity	₹5.41 Cr	0.97%
Amara Raja Energy & Mobility Ltd	Equity	₹5.28 Cr	0.94%
Balrampur Chini Mills Ltd	Equity	₹5.11 Cr	0.91%
Aditya Birla Fashion and Retail Ltd	Equity	₹5.05 Cr	0.90%
Kewal Kiran Clothing Ltd	Equity	₹4.47 Cr	0.80%
Greenply Industries Ltd	Equity	₹4.36 Cr	0.78%
Whirlpool of India Ltd	Equity	₹3.73 Cr	0.67%
Tata Motors Ltd	Equity	₹3.32 Cr	0.59%
Net Receivables / (Payables)	Cash	₹3.08 Cr	0.55%
Tata Motors Passenger Vehicles Ltd	Equity	₹2.94 Cr	0.53%
Kwality Walls (India) Limited	Equity	₹0.38 Cr	0.07%
Tvs Motor Company Limited	Preferred Stock	₹0.12 Cr	0.02%

Allocation By Market Cap (Equity)

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Consumer Cyclical	₹232.44 Cr	41.55%
Consumer Defensive	₹152.63 Cr	27.28%
Communication Services	₹61.35 Cr	10.97%
Industrials	₹42.75 Cr	7.64%
Basic Materials	₹14.59 Cr	2.61%
Utilities	₹9.87 Cr	1.76%
Healthcare	₹8.59 Cr	1.53%
Real Estate	₹8.37 Cr	1.50%
Technology	₹8.22 Cr	1.47%

Risk & Performance Ratios

Fund Managers

Fatema Pacha

Since December 2020

Navin Matta

Since October 2024

Additional Scheme Detailsas of 31st December 2025

ISIN

INF174V01663

Expense Ratio

0.63%

Exit Load

1.00%

Fund Size

₹559 Cr

Age

7 years 2 months

Lumpsum Minimum

₹1,000

Fund Status

Open Ended Investment Company

Benchmark

Nifty India Consumption 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 Equity - Consumption Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
WhiteOak Capital Consumption Opportunities Fund Direct Growth Very High Risk	-	1.0%	-	-
WhiteOak Capital Consumption Opportunities Fund Regular Growth Very High Risk	-	1.0%	-	-
Union Consumption Fund Regular Growth Very High Risk	-	1.0%	-	-
Union Consumption Fund Direct Growth Very High Risk	-	1.0%	-	-
LIC MF Consumption Fund Regular Growth Very High Risk	2.4%	1.0%	₹527.27 Cr	-
LIC MF Consumption Fund Direct Growth Very High Risk	0.6%	1.0%	₹527.27 Cr	-
Invesco India Consumption Fund Regular Growth Very High Risk	2.4%	0.0%	₹557.16 Cr	-
Invesco India Consumption Fund Direct Growth Very High Risk	0.7%	0.0%	₹557.16 Cr	-
Motilal Oswal Consumption Fund Direct Growth Very High Risk	0.7%	1.0%	₹1177.77 Cr	-
Motilal Oswal Consumption Fund Regular Growth Very High Risk	2.1%	1.0%	₹1177.77 Cr	-
ITI Bharat Consumption Fund Regular Growth Very High Risk	2.4%	0.0%	₹360.91 Cr	-
ITI Bharat Consumption Fund Direct Growth Very High Risk	0.7%	0.0%	₹360.91 Cr	-
Edelweiss Consumption Fund Regular Growth Very High Risk	2.4%	1.0%	₹506.82 Cr	-
Edelweiss Consumption Fund Direct Growth Very High Risk	0.7%	1.0%	₹506.82 Cr	-
ICICI Prudential Nifty FMCG ETF Very High Risk	0.2%	-	₹689.55 Cr	-6.0%
Bank of India Consumption Fund Direct Growth Very High Risk	1.1%	1.0%	₹415.19 Cr	6.5%
Bank of India Consumption Fund Regular Growth Very High Risk	2.3%	1.0%	₹415.19 Cr	5.2%
Bajaj Finserv Consumption Fund Regular Growth Very High Risk	2.3%	1.0%	₹655.20 Cr	-5.1%
Bajaj Finserv Consumption Fund Direct Growth Very High Risk	0.7%	1.0%	₹655.20 Cr	-3.5%
SBI Nifty India Consumption Index Fund Regular Growth Very High Risk	0.9%	0.0%	₹309.48 Cr	7.6%
SBI Nifty India Consumption Index Fund Direct Growth Very High Risk	0.4%	0.0%	₹309.48 Cr	8.1%
Axis Consumption Fund Direct Growth Very High Risk	0.6%	1.0%	₹3497.59 Cr	4.5%
Axis Consumption Fund Regular Growth Very High Risk	1.9%	1.0%	₹3497.59 Cr	3.1%
Quant Consumption Fund Regular Growth Very High Risk	2.4%	1.0%	₹218.24 Cr	-11.5%
Quant Consumption Fund Direct Growth Very High Risk	0.9%	1.0%	₹218.24 Cr	-10.1%
ICICI Prudential Bharat Consumption Fund Regular Growth Very High Risk	2.0%	1.0%	₹3232.19 Cr	0.3%
Kotak Consumption Fund Regular Growth Very High Risk	2.0%	0.0%	₹1802.16 Cr	2.8%
Kotak Consumption Fund Direct Growth Very High Risk	0.6%	0.0%	₹1802.16 Cr	4.4%
HSBC Consumption Fund Direct Growth Very High Risk	0.9%	1.0%	₹1791.67 Cr	3.1%
HSBC Consumption Fund Regular Growth Very High Risk	2.1%	1.0%	₹1791.67 Cr	1.7%
Mirae Asset Great Consumer Fund Direct Growth Very High Risk	0.4%	1.0%	₹4754.24 Cr	3.7%
Nippon India Consumption Fund Direct Growth Very High Risk	0.6%	1.0%	₹2760.95 Cr	1.6%
SBI Consumption Opportunities Fund Regular Growth Very High Risk	2.0%	0.0%	₹3162.33 Cr	-5.8%
Mirae Asset Great Consumer Fund Regular Growth Very High Risk	1.8%	1.0%	₹4754.24 Cr	2.3%
Axis NIFTY India Consumption ETF Very High Risk	0.4%	-	₹14.56 Cr	8.1%
UTI India Consumer Fund Regular Growth Very High Risk	2.4%	1.0%	₹737.41 Cr	3.7%
HDFC Non-Cyclical Consumer Fund Direct Growth Very High Risk	1.0%	1.0%	₹1068.61 Cr	3.2%
HDFC Non-Cyclical Consumer Fund Regular Growth Very High Risk	2.2%	1.0%	₹1068.61 Cr	1.9%
UTI India Consumer Fund Direct Growth Very High Risk	1.6%	1.0%	₹737.41 Cr	4.7%
Aditya Birla Sun Life India GenNext Fund Direct Growth Very High Risk	0.8%	1.0%	₹6520.76 Cr	5.5%
Mahindra Manulife Consumption Fund Direct Growth Very High Risk	0.6%	1.0%	₹559.43 Cr	2.7%
Mahindra Manulife Consumption Fund Regular Growth Very High Risk	2.4%	1.0%	₹559.43 Cr	1.0%
Canara Robeco Consumer Trends Fund Direct Growth Very High Risk	0.8%	1.0%	₹2024.86 Cr	4.3%
SBI Consumption Opportunities Fund Direct Growth Very High Risk	0.9%	0.0%	₹3162.33 Cr	-4.8%
Sundaram Consumption Fund Direct Growth Very High Risk	1.3%	0.0%	₹1583.53 Cr	0.5%
Tata India Consumer Fund Regular Growth Very High Risk	1.9%	0.0%	₹2671.26 Cr	0.3%
Tata India Consumer Fund Direct Growth Very High Risk	0.7%	0.0%	₹2671.26 Cr	1.6%
Canara Robeco Consumer Trends Fund Regular Growth Very High Risk	2.0%	1.0%	₹2024.86 Cr	3.0%
Nippon India ETF Consumption Very High Risk	0.3%	-	₹204.29 Cr	8.2%
Baroda BNP Paribas India Consumption Fund Direct Growth Very High Risk	0.6%	1.0%	₹1545.50 Cr	2.4%

About the AMC

Mahindra Manulife Mutual Fund

022-66327900

https://www.mahindramanulife.com/

Total AUM

₹33,324 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	-	0.0%	-	-
Mahindra Manulife Income Plus Arbitrage Active FOF Direct Growth Moderate Risk	-	0.0%	₹34.37 Cr	-
Mahindra Manulife Banking & Financial Services Fund Direct Growth Very High Risk	0.6%	0.0%	₹380.46 Cr	-
Mahindra Manulife Value Fund Direct Growth Very High Risk	0.5%	0.0%	₹660.46 Cr	-
Mahindra Manulife Manufacturing Fund Direct Growth Very High Risk	0.7%	0.0%	₹741.05 Cr	5.3%
Mahindra Manulife Multi Asset Allocation Fund Direct Growth Very High Risk	0.3%	0.0%	₹930.83 Cr	24.7%
Mahindra Manulife Business Cycle Fund Direct Growth Very High Risk	0.5%	1.0%	₹1305.64 Cr	9.5%
Mahindra Manulife Large Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹755.51 Cr	10.9%
Mahindra Manulife Liquid Fund Direct Growth Moderate Risk	0.1%	0.0%	₹1215.68 Cr	6.5%
Mahindra Manulife Large & Mid Cap Fund Direct Growth Very High Risk	0.5%	1.0%	₹2776.86 Cr	7.3%
Mahindra Manulife ELSS Fund Direct Growth Very High Risk	0.6%	0.0%	₹973.16 Cr	9.1%
Mahindra Manulife Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹85.25 Cr	5.8%
Mahindra Manulife Small Cap Fund Direct Growth Very High Risk	0.4%	1.0%	₹4223.69 Cr	-1.5%
Mahindra Manulife Flexi Cap Fund Direct Growth Very High Risk	0.4%	1.0%	₹1596.73 Cr	8.6%
Mahindra Manulife Consumption Fund Direct Growth Very High Risk	0.6%	1.0%	₹559.43 Cr	2.7%
Mahindra Manulife Focused Fund Direct Growth Very High Risk	0.4%	1.0%	₹2227.85 Cr	8.2%
Mahindra Manulife Asia Pacific REITs FOF Direct Growth Very High Risk	0.5%	1.0%	₹42.10 Cr	30.0%
Mahindra Manulife Equity Savings Fund Direct Growth Moderately High risk	0.7%	1.0%	₹566.91 Cr	8.3%
Mahindra Manulife Multi Cap Fund Direct Growth Very High Risk	0.4%	1.0%	₹6132.78 Cr	7.5%
Mahindra Manulife Dynamic Bond Fund Direct Growth Moderately High risk	0.4%	0.0%	₹86.00 Cr	6.4%
Mahindra Manulife Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹218.94 Cr	6.9%
Mahindra Manulife Short Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹97.84 Cr	7.6%
Mahindra Manulife Mid Cap Fund Direct Growth Very High Risk	0.5%	1.0%	₹4294.84 Cr	5.0%
Mahindra Manulife Arbitrage Fund Direct Growth Low Risk	0.2%	0.0%	₹99.77 Cr	6.2%
Mahindra Manulife Low Duration Fund Direct Growth Moderate Risk	0.3%	0.0%	₹599.35 Cr	7.4%
Mahindra Manulife Aggressive Hybrid Fund Direct Growth Very High Risk	0.5%	1.0%	₹2108.49 Cr	9.5%
Mahindra Manulife Balanced Advantage Fund Direct Growth Very High Risk	0.5%	1.0%	₹928.21 Cr	6.9%

Risk Level

Your principal amount will be at Very High Risk

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What is the current NAV of Mahindra Manulife Consumption Fund Direct Growth?

The NAV of Mahindra Manulife Consumption Fund Direct Growth, as of 21-Jan-2026, is ₹24.43.

What are the returns of Mahindra Manulife Consumption Fund Direct Growth?

The fund has generated 2.74% over the last 1 year and 16.60% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.

What is the portfolio composition of Mahindra Manulife Consumption Fund Direct Growth?

The fund's allocation of assets is distributed as 96.38% in equities, 0.00% in bonds, and 3.60% in cash and cash equivalents.

Who manages the Mahindra Manulife Consumption Fund Direct Growth?

The fund managers responsible for Mahindra Manulife Consumption Fund Direct Growth are:-

Fatema Pacha
Navin Matta

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 Consumption Fund Direct Growth

Fund Overview