Mahindra Manulife Innovation Opportunities Fund Direct Growth

Fund Overview

Fund Size

₹152 Cr

Expense Ratio

ISIN

INF174V01DA4

Minimum SIP

₹1,000

Exit Load

No Charges

Inception Date

30 Jan 2026

About this fund

Mahindra Manulife Innovation Opportunities Fund Direct Growth is a Equity - Other mutual fund schemes offered by Mahindra Manulife Mutual Fund. This fund has been in existence for 24 days, having been launched on 30-Jan-26

Mahindra Manulife Innovation Opportunities Fund Direct Growth has given a CAGR return of 1.61% since inception.
The fund's asset allocation comprises around 17.11% in equities, 0.00% in debts, and 82.89% in cash & cash equivalents.
You can start investing in Mahindra Manulife Innovation Opportunities 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

+1.61%

— (Cat Avg.)

Portfolio Summaryas of 31st January 2026

Equity	₹25.95 Cr	17.11%
Others	₹125.75 Cr	82.89%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
Net Receivables / (Payables)	Cash	₹81.41 Cr	53.67%
Triparty Repo	Cash - Repurchase Agreement	₹44.33 Cr	29.23%
Bajaj Finance Ltd	Equity	₹2.09 Cr	1.38%
Schaeffler India Ltd	Equity	₹1.45 Cr	0.96%
Dr. Lal PathLabs Ltd	Equity	₹1.41 Cr	0.93%
SRF Ltd	Equity	₹1.41 Cr	0.93%
KEI Industries Ltd	Equity	₹1.41 Cr	0.93%
JSW Energy Ltd	Equity	₹1.4 Cr	0.92%
Acutaas Chemicals Ltd	Equity	₹1.4 Cr	0.92%
Reliance Industries Ltd	Equity	₹1.4 Cr	0.92%
Infosys Ltd	Equity	₹1.39 Cr	0.92%
Tech Mahindra Ltd	Equity	₹1.39 Cr	0.92%
JK Cement Ltd	Equity	₹1.38 Cr	0.91%
Larsen & Toubro Ltd	Equity	₹1.38 Cr	0.91%
Axis Bank Ltd	Equity	₹1.37 Cr	0.90%
ICICI Bank Ltd	Equity	₹1.36 Cr	0.89%
AIA Engineering Ltd	Equity	₹1.22 Cr	0.81%
Belrise Industries Ltd	Equity	₹1.06 Cr	0.70%
Aster DM Healthcare Ltd Ordinary Shares	Equity	₹1.05 Cr	0.69%
Biocon Ltd	Equity	₹1.03 Cr	0.68%
Mahindra & Mahindra Ltd	Equity	₹0.69 Cr	0.45%
Vodafone Idea Ltd	Equity	₹0.67 Cr	0.44%

Allocation By Market Cap (Equity)

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Industrials	₹5.42 Cr	3.57%
Financial Services	₹4.82 Cr	3.18%
Healthcare	₹3.49 Cr	2.30%
Consumer Cyclical	₹3.19 Cr	2.11%
Technology	₹2.79 Cr	1.84%
Basic Materials	₹2.78 Cr	1.83%
Utilities	₹1.4 Cr	0.92%
Energy	₹1.4 Cr	0.92%
Communication Services	₹0.67 Cr	0.44%

Risk & Performance Ratios

Fund Managers

Nilesh Jethani

Since January 2026

Additional Scheme Detailsas of 31st January 2026

ISIN

INF174V01DA4

Expense Ratio

Exit Load

No Charges

Fund Size

₹152 Cr

Age

0 month

Lumpsum Minimum

₹1,000

Fund Status

Open Ended Investment Company

Benchmark

Nifty 500 TRI

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 - Other Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
SBI Nifty Midcap 150 Momentum 50 ETF Very High Risk	-	-	-	-
ITI Business Cycle Fund Regular Growth Very High Risk	-	0.0%	-	-
ITI Business Cycle Fund Direct Growth Very High Risk	-	0.0%	-	-
DynaSIF Equity Long - Short Fund Regular Growth High Risk	-	0.0%	-	-
DynaSIF Equity Long - Short Fund Direct Growth High Risk	-	0.0%	-	-
Mirae Asset BSE India Defence ETF Very High Risk	-	-	-	-
Kotak Services Fund Regular Growth Very High Risk	-	0.0%	-	-
Kotak Services Fund Direct Growth Very High Risk	-	0.0%	-	-
SBI Quality Fund Direct Growth Very High Risk	-	1.0%	-	-
Mirae Asset BSE India Defence ETF FOF Direct Growth Very High Risk	-	0.0%	-	-
Mirae Asset BSE India Defence ETF FOF Regular Growth Very High Risk	-	0.0%	-	-
SBI Quality Fund Regular Growth Very High Risk	-	1.0%	-	-
Motilal Oswal Nifty MNC ETF Very High Risk	0.5%	-	-	-
JioBlackRock Sector Rotation Fund Direct Growth Very High Risk	-	0.0%	-	-
Groww Nifty PSE ETF FOF Regular Growth Very High Risk	-	0.0%	-	-
Groww Nifty PSE ETF FOF Direct Growth Very High Risk	-	0.0%	-	-
Groww Nifty PSE ETF Very High Risk	-	-	-	-
iSIF Equity Ex-Top 100 Long-Short Fund Direct Growth Very High Risk	-	1.0%	-	-
iSIF Equity Ex-Top 100 Long-Short Fund Regular Growth Very High Risk	-	1.0%	-	-
Mahindra Manulife Innovation Opportunities Fund Direct Growth Very High Risk	-	0.0%	₹151.70 Cr	-
Mahindra Manulife Innovation Opportunities Fund Regular Growth Very High Risk	-	0.0%	₹151.70 Cr	-
Groww Nifty Chemicals ETF Very High Risk	0.4%	-	₹7.11 Cr	-
Diviniti Equity Long Short Fund Direct Growth Very High Risk	0.9%	0.0%	₹345.40 Cr	-
Diviniti Equity Long Short Fund Regular Growth Very High Risk	2.4%	0.0%	₹345.40 Cr	-
DSP MSCI INDIA ETF Very High Risk	0.4%	-	₹7.55 Cr	-
Kotak Rural Opportunities Fund Regular Growth Very High Risk	2.3%	0.0%	₹872.36 Cr	-
Kotak Rural Opportunities Fund Direct Growth Very High Risk	0.7%	0.0%	₹872.36 Cr	-
Altiva Hybrid Long-Short Fund Direct Growth Low to Moderate Risk	-	0.0%	₹2093.32 Cr	-
Magnum Hybrid Long Short Fund Regular Growth Low to Moderate Risk	-	0.0%	₹2854.82 Cr	-
Altiva Hybrid Long-Short Fund Regular Growth Low to Moderate Risk	-	0.0%	₹2093.32 Cr	-
Magnum Hybrid Long Short Fund Direct Growth Low to Moderate Risk	-	0.0%	₹2854.82 Cr	-
ICICI Prudential Conglomerate Fund Regular Growth Moderately High risk	2.3%	1.0%	₹857.22 Cr	-
ICICI Prudential Conglomerate Fund Direct Growth Moderately High risk	1.2%	1.0%	₹857.22 Cr	-
qsif Equity Long-Short Fund Direct Growth Very High Risk	-	1.0%	₹561.11 Cr	-
qsif Equity Long-Short Fund Regular Growth Very High Risk	-	1.0%	₹561.11 Cr	-
The Wealth Company Ethical Fund Direct Growth Very High Risk	0.8%	0.0%	₹39.19 Cr	-
The Wealth Company Ethical Fund Regular Growth Very High Risk	2.3%	0.0%	₹39.19 Cr	-
Baroda BNP Paribas Business Conglomerates Fund Direct Growth Very High Risk	0.6%	1.0%	₹731.13 Cr	-
Baroda BNP Paribas Business Conglomerates Fund Regular Growth Very High Risk	2.3%	1.0%	₹731.13 Cr	-
Motilal Oswal Nifty Alpha 50 ETF Very High Risk	0.5%	-	₹5.45 Cr	-
Kotak Active Momentum Fund Direct Growth Very High Risk	0.8%	0.0%	₹1340.30 Cr	-
Kotak Active Momentum Fund Regular Growth Very High Risk	2.1%	0.0%	₹1340.30 Cr	-
Motilal Oswal Special Opportunities Fund Direct Growth Very High Risk	2.5%	1.0%	₹65.50 Cr	-
Motilal Oswal Special Opportunities Fund Regular Growth Very High Risk	2.6%	1.0%	₹65.50 Cr	-
Bandhan Multi-Factor Fund Regular Growth Very High Risk	2.4%	0.0%	₹623.68 Cr	-
Bandhan Multi-Factor Fund Direct Growth Very High Risk	0.8%	0.0%	₹623.68 Cr	-
ICICI Prudential Active Momentum Fund Direct Growth Moderate Risk	1.0%	1.0%	₹1448.27 Cr	-
ICICI Prudential Active Momentum Fund Regular Growth Moderate Risk	2.2%	1.0%	₹1448.27 Cr	-
Axis Services Opportunities Fund Direct Growth Very High Risk	0.7%	1.0%	₹1725.11 Cr	-
Axis Services Opportunities Fund Regular Growth Very High Risk	2.1%	1.0%	₹1725.11 Cr	-

About the AMC

Mahindra Manulife Mutual Fund

022-66327900

https://www.mahindramanulife.com/

Total AUM

₹33,642 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%	₹151.70 Cr	-
Mahindra Manulife Income Plus Arbitrage Active FOF Direct Growth Moderate Risk	0.2%	0.0%	₹26.51 Cr	-
Mahindra Manulife Banking & Financial Services Fund Direct Growth Very High Risk	0.6%	0.0%	₹404.91 Cr	-
Mahindra Manulife Value Fund Direct Growth Very High Risk	0.5%	0.0%	₹678.95 Cr	-
Mahindra Manulife Manufacturing Fund Direct Growth Very High Risk	0.8%	0.0%	₹685.42 Cr	18.7%
Mahindra Manulife Multi Asset Allocation Fund Direct Growth Very High Risk	0.3%	0.0%	₹1028.28 Cr	26.1%
Mahindra Manulife Business Cycle Fund Direct Growth Very High Risk	0.5%	1.0%	₹1289.75 Cr	19.2%
Mahindra Manulife Large Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹739.65 Cr	13.2%
Mahindra Manulife Liquid Fund Direct Growth Moderate Risk	0.1%	0.0%	₹1074.37 Cr	6.4%
Mahindra Manulife Large & Mid Cap Fund Direct Growth Very High Risk	0.5%	1.0%	₹2738.71 Cr	13.7%
Mahindra Manulife ELSS Fund Direct Growth Very High Risk	0.6%	0.0%	₹938.26 Cr	13.5%
Mahindra Manulife Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹136.57 Cr	5.6%
Mahindra Manulife Small Cap Fund Direct Growth Very High Risk	0.4%	1.0%	₹3994.87 Cr	12.3%
Mahindra Manulife Flexi Cap Fund Direct Growth Very High Risk	0.4%	1.0%	₹1549.15 Cr	13.2%
Mahindra Manulife Consumption Fund Direct Growth Very High Risk	0.7%	1.0%	₹511.89 Cr	8.3%
Mahindra Manulife Focused Fund Direct Growth Very High Risk	0.4%	1.0%	₹2207.80 Cr	14.6%
Mahindra Manulife Asia Pacific REITs FOF Direct Growth Very High Risk	0.5%	1.0%	₹44.06 Cr	31.4%
Mahindra Manulife Equity Savings Fund Direct Growth Moderately High risk	0.7%	1.0%	₹555.78 Cr	11.2%
Mahindra Manulife Multi Cap Fund Direct Growth Very High Risk	0.4%	1.0%	₹6045.74 Cr	16.6%
Mahindra Manulife Dynamic Bond Fund Direct Growth Moderately High risk	0.4%	0.0%	₹75.13 Cr	6.7%
Mahindra Manulife Ultra Short Duration Fund Direct Growth Moderate Risk	0.3%	0.0%	₹216.35 Cr	7.0%
Mahindra Manulife Short Duration Fund Direct Growth Low to Moderate Risk	0.4%	0.0%	₹96.31 Cr	7.8%
Mahindra Manulife Mid Cap Fund Direct Growth Very High Risk	0.5%	1.0%	₹4267.43 Cr	17.3%
Mahindra Manulife Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹97.27 Cr	6.2%
Mahindra Manulife Low Duration Fund Direct Growth Moderate Risk	0.3%	0.0%	₹592.65 Cr	7.5%
Mahindra Manulife Aggressive Hybrid Fund Direct Growth Very High Risk	0.4%	1.0%	₹2114.91 Cr	13.2%
Mahindra Manulife Balanced Advantage Fund Direct Growth Very High Risk	0.6%	1.0%	₹912.79 Cr	11.1%

Risk Level

Your principal amount will be at Very High Risk

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Still got questions?
We're here to help.

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

The NAV of Mahindra Manulife Innovation Opportunities Fund Direct Growth, as of 20-Feb-2026, is ₹10.16.

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

The fund's allocation of assets is distributed as 17.11% in equities, 0.00% in bonds, and 82.89% in cash and cash equivalents.

Who manages the Mahindra Manulife Innovation Opportunities Fund Direct Growth?

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

Nilesh Jethani

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 Innovation Opportunities Fund Direct Growth

Fund Overview