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Mahindra Manulife Equity Savings Fund Direct Growth
HybridEquity SavingsModerately High risk
Direct
NAV (06-Mar-26)
₹24.71-0.27%1D
Returns (Since Inception)
10.41%
Rated ★4.3+ on 
Fund Overview
Fund Size
₹556 Cr
Expense Ratio
0.71%
ISIN
INF174V01184
Minimum SIP
₹1,000
Exit Load
1.00%
Inception Date
01 Feb 2017
About this fund
Mahindra Manulife Equity Savings Fund Direct Growth is a Equity Savings mutual fund schemes offered by Mahindra Manulife Mutual Fund. This fund has been in existence for 9 years, 1 months and 8 days, having been launched on 01-Feb-17.
As of 06-Mar-26, it has a Net Asset Value (NAV) of ₹24.71, Assets Under Management (AUM) of 555.78 Crores, and an expense ratio of 0.71%.
As of 06-Mar-26, it has a Net Asset Value (NAV) of ₹24.71, Assets Under Management (AUM) of 555.78 Crores, and an expense ratio of 0.71%.
- Mahindra Manulife Equity Savings Fund Direct Growth has given a CAGR return of 10.41% since inception.
- The fund's asset allocation comprises around 41.75% in equities, 21.63% in debts, and 36.62% in cash & cash equivalents.
- You can start investing in Mahindra Manulife Equity Savings 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
+10.02%
+7.40% (Cat Avg.)
3 Years
+11.79%
+9.82% (Cat Avg.)
5 Years
+10.36%
+8.49% (Cat Avg.)
Since Inception
+10.41%
— (Cat Avg.)
Portfolio Summaryas of 31st January 2026
| Equity | ₹232.04 Cr | 41.75% |
| Debt | ₹120.23 Cr | 21.63% |
| Others | ₹203.52 Cr | 36.62% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Net Receivables / (Payables) | Cash | ₹177.03 Cr | 31.85% |
| Future on BANK Index | Equity Index - Future | ₹-49.07 Cr | 8.83% |
| ICICI Bank Ltd | Equity | ₹31.49 Cr | 5.67% |
| Future on Ambuja Cements Ltd | Equity - Future | ₹-26.48 Cr | 4.76% |
| Ambuja Cements Ltd | Equity | ₹26.41 Cr | 4.75% |
| HDFC Bank Ltd | Equity | ₹26.21 Cr | 4.72% |
| Bajaj Finance Ltd | Equity | ₹23.46 Cr | 4.22% |
| Future on Bajaj Finance Ltd | Equity - Future | ₹-21.2 Cr | 3.81% |
| Reliance Industries Ltd | Equity | ₹21.05 Cr | 3.79% |
| Bharti Telecom Limited | Bond - Corporate Bond | ₹19.84 Cr | 3.57% |
| Sun Pharmaceuticals Industries Ltd | Equity | ₹15.55 Cr | 2.80% |
| Mahindra & Mahindra Ltd | Equity | ₹14.89 Cr | 2.68% |
| Future on Reliance Industries Ltd | Equity - Future | ₹-13.99 Cr | 2.52% |
| Future on Sun Pharmaceuticals Industries Ltd | Equity - Future | ₹-12.21 Cr | 2.20% |
| Brookfield India Real Estate Trust | Equity - REIT | ₹11.78 Cr | 2.12% |
| Future on Mahindra & Mahindra Ltd | Equity - Future | ₹-11.52 Cr | 2.07% |
| Larsen & Toubro Ltd | Equity | ₹11.19 Cr | 2.01% |
| Canara Bank | Equity | ₹11.15 Cr | 2.01% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹10.32 Cr | 1.86% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹10.08 Cr | 1.81% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹10.08 Cr | 1.81% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹10.05 Cr | 1.81% |
| Embassy Office Parks REIT | Equity - REIT | ₹9.83 Cr | 1.77% |
| Nexus Select Trust Reits | Equity - REIT | ₹9.79 Cr | 1.76% |
| 6.33% Gs 2035 | Bond - Gov't/Treasury | ₹9.75 Cr | 1.75% |
| State Bank of India | Equity | ₹9.09 Cr | 1.63% |
| Bharti Airtel Ltd | Equity | ₹8.66 Cr | 1.56% |
| Future on Jindal Steel Ltd | Equity - Future | ₹-8.42 Cr | 1.52% |
| Jindal Steel Ltd | Equity | ₹8.42 Cr | 1.51% |
| Future on Larsen & Toubro Ltd | Equity - Future | ₹-7.59 Cr | 1.37% |
| Kotak Mahindra Bank Ltd | Equity | ₹7.18 Cr | 1.29% |
| Canara Bank | Cash - CD/Time Deposit | ₹6.63 Cr | 1.19% |
| Infosys Ltd | Equity | ₹6.54 Cr | 1.18% |
| Divi's Laboratories Ltd | Equity | ₹6.52 Cr | 1.17% |
| Axis Bank Ltd | Equity | ₹6.44 Cr | 1.16% |
| Tech Mahindra Ltd | Equity | ₹5.21 Cr | 0.94% |
| TVS Credit Services Limited | Bond - Corporate Bond | ₹5.2 Cr | 0.93% |
| Mahindra Manu Liquid Dir Gr | Mutual Fund - Open End | ₹5.15 Cr | 0.93% |
| Bharti Telecom Limited | Bond - Corporate Bond | ₹5.13 Cr | 0.92% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹5.11 Cr | 0.92% |
| 6.75% Gs 2029 | Bond - Gov't/Treasury | ₹5.1 Cr | 0.92% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹5.03 Cr | 0.91% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹5.03 Cr | 0.91% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹5 Cr | 0.90% |
| 27/02/2026 Maturing 364 DTB | Bond - Gov't/Treasury | ₹4.98 Cr | 0.90% |
| L.G.Balakrishnan & Bros Ltd | Equity | ₹4.74 Cr | 0.85% |
| Coromandel International Ltd | Equity | ₹4.72 Cr | 0.85% |
| Axis Bank Ltd | Cash - CD/Time Deposit | ₹4.72 Cr | 0.85% |
| NTPC Ltd | Equity | ₹4.65 Cr | 0.84% |
| Aditya Vision Ltd | Equity | ₹4.08 Cr | 0.73% |
| Godrej Properties Limited | Bond - Corporate Bond | ₹4 Cr | 0.72% |
| Tega Industries Ltd | Equity | ₹3.9 Cr | 0.70% |
| ITC Ltd | Equity | ₹3.59 Cr | 0.65% |
| Godrej Industries Limited | Bond - Corporate Bond | ₹3.53 Cr | 0.64% |
| Titan Company Limited February 2026 Future | Equity - Future | ₹-3.42 Cr | 0.62% |
| Titan Co Ltd | Equity | ₹3.41 Cr | 0.61% |
| L&T Finance Ltd | Equity | ₹3.4 Cr | 0.61% |
| Grasim Industries Ltd | Equity | ₹3.29 Cr | 0.59% |
| PTC Industries Ltd | Equity | ₹3.19 Cr | 0.57% |
| Tata Consultancy Services Ltd | Equity | ₹3.17 Cr | 0.57% |
| Shriram Finance Ltd | Equity | ₹3.16 Cr | 0.57% |
| Shriram Pistons & Rings Ltd | Equity | ₹3.07 Cr | 0.55% |
| Shree Cement Ltd | Equity | ₹3.04 Cr | 0.55% |
| Piramal Finance Limited | Bond - Corporate Bond | ₹3.02 Cr | 0.54% |
| Hindalco Industries Ltd | Equity | ₹2.82 Cr | 0.51% |
| Tata Steel Ltd | Equity | ₹2.82 Cr | 0.51% |
| Tata Consumer Products Ltd | Equity | ₹2.82 Cr | 0.51% |
| SBI Life Insurance Co Ltd | Equity | ₹2.68 Cr | 0.48% |
| Acutaas Chemicals Ltd | Equity | ₹2.68 Cr | 0.48% |
| GAIL (India) Ltd | Equity | ₹2.65 Cr | 0.48% |
| 7.63% Maharashtra Sgs 2036 | Bond - Gov't/Treasury | ₹2.53 Cr | 0.46% |
| Gland Pharma Ltd | Equity | ₹2.47 Cr | 0.45% |
| Future on Bank of Baroda | Equity - Future | ₹-2.46 Cr | 0.44% |
| Oil & Natural Gas Corp Ltd | Equity | ₹2.46 Cr | 0.44% |
| Bank of Baroda | Equity | ₹2.45 Cr | 0.44% |
| INOX India Ltd | Equity | ₹2.43 Cr | 0.44% |
| 6.68% Gs 2040 | Bond - Gov't/Treasury | ₹2.41 Cr | 0.43% |
| Persistent Systems Ltd | Equity | ₹2.41 Cr | 0.43% |
| S.P. Apparels Ltd | Equity | ₹2.36 Cr | 0.42% |
| Maruti Suzuki India Ltd | Equity | ₹2.34 Cr | 0.42% |
| JK Cement Ltd | Equity | ₹2.33 Cr | 0.42% |
| Asahi India Glass Ltd | Equity | ₹2.15 Cr | 0.39% |
| Kirloskar Brothers Ltd | Equity | ₹2.12 Cr | 0.38% |
| Hindustan Unilever Ltd | Equity | ₹2.11 Cr | 0.38% |
| Carborundum Universal Ltd | Equity | ₹2.05 Cr | 0.37% |
| Indian Oil Corp Ltd | Equity | ₹2.04 Cr | 0.37% |
| Voltas Ltd | Equity | ₹2.03 Cr | 0.37% |
| Muthoot Finance Limited | Bond - Corporate Bond | ₹2.02 Cr | 0.36% |
| Cube Highways TRust | Bond - Corporate Bond | ₹1.99 Cr | 0.36% |
| SRF Ltd | Equity | ₹1.97 Cr | 0.35% |
| Technocraft Industries (India) Ltd | Equity | ₹1.96 Cr | 0.35% |
| REC Ltd | Equity | ₹1.9 Cr | 0.34% |
| KEI Industries Ltd | Equity | ₹1.89 Cr | 0.34% |
| Anthem Biosciences Ltd | Equity | ₹1.89 Cr | 0.34% |
| Power Grid Corp Of India Ltd | Equity | ₹1.87 Cr | 0.34% |
| Archean Chemical Industries Ltd | Equity | ₹1.86 Cr | 0.34% |
| Coal India Ltd | Equity | ₹1.85 Cr | 0.33% |
| Afcons Infrastructure Ltd | Equity | ₹1.58 Cr | 0.28% |
| ISGEC Heavy Engineering Ltd | Equity | ₹1.42 Cr | 0.26% |
| Future on Hindustan Petroleum Corp Ltd | Equity - Future | ₹-0.52 Cr | 0.09% |
| Hindustan Petroleum Corp Ltd | Equity | ₹0.52 Cr | 0.09% |
| Future on Hindalco Industries Ltd | Equity - Future | ₹-0.27 Cr | 0.05% |
| Kwality Walls (India) Limited | Equity | ₹0.04 Cr | 0.01% |
Allocation By Market Cap (Equity)
Large Cap Stocks
33.37%
Mid Cap Stocks
4.60%
Small Cap Stocks
7.57%
Allocation By Credit Quality (Debt)
AAA
AA
UNRATED
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹128.6 Cr | 23.14% |
| Basic Materials | ₹58.39 Cr | 10.51% |
| Consumer Cyclical | ₹39.07 Cr | 7.03% |
| Industrials | ₹33.7 Cr | 6.06% |
| Energy | ₹27.91 Cr | 5.02% |
| Healthcare | ₹26.43 Cr | 4.76% |
| Technology | ₹17.32 Cr | 3.12% |
| Utilities | ₹9.17 Cr | 1.65% |
| Communication Services | ₹8.66 Cr | 1.56% |
| Consumer Defensive | ₹8.52 Cr | 1.53% |
Risk & Performance Ratios
Standard Deviation
This fund
4.64%
Cat. avg.
4.33%
Lower the better
Sharpe Ratio
This fund
1.22
Cat. avg.
0.85
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
1.45
Higher the better
Fund Managers
RP
Rahul Pal
Since February 2017
KS
Kush Sonigara
Since January 2026
RR
Renjith Radhakrishnan
Since July 2023
NM
Navin Matta
Since December 2025
Additional Scheme Detailsas of 31st January 2026
ISIN INF174V01184 | Expense Ratio 0.71% | Exit Load 1.00% | Fund Size ₹556 Cr | Age 9 years 1 month | Lumpsum Minimum ₹1,000 | Fund Status Open Ended Investment Company | Benchmark NIFTY Equity Savings 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 Savings Funds
About the AMC
Mahindra Manulife Mutual Fund
Total AUM
₹33,175 Cr
Address
570 P. B. Marg, Worli, Mumbai 400018, Mumbai, 400018
Other Funds by Mahindra Manulife Mutual Fund
Risk Level
Your principal amount will be at Moderately High risk
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Still got questions?
We're here to help.
What is the current NAV of Mahindra Manulife Equity Savings Fund Direct Growth?
The NAV of Mahindra Manulife Equity Savings Fund Direct Growth, as of 06-Mar-2026, is ₹24.71.
What are the returns of Mahindra Manulife Equity Savings Fund Direct Growth?
The fund has generated 10.02% over the last 1 year and 11.79% 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 Equity Savings Fund Direct Growth?
The fund's allocation of assets is distributed as 41.75% in equities, 21.63% in bonds, and 36.62% in cash and cash equivalents.
Who manages the Mahindra Manulife Equity Savings Fund Direct Growth?
The fund managers responsible for Mahindra Manulife Equity Savings Fund Direct Growth are:-
- Rahul Pal
- Kush Sonigara
- Renjith Radhakrishnan
- Navin Matta
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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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Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Pvt. Ltd. is a Portfolio Manager with SEBI Registration no. INP000007377, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
