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Mahindra Manulife Multi Asset Allocation Fund Direct Growth
HybridMulti Asset AllocationVery High Risk
Direct
NAV (03-Jun-26)
₹13.84-0.13%1D
Returns (Since Inception)
15.73%
Rated ★4.3+ on 
Fund Overview
Fund Size
₹1,098 Cr
Expense Ratio
0.26%
ISIN
INF174V01BW2
Minimum SIP
₹1,000
Exit Load
No Charges
Inception Date
13 Mar 2024
About this fund
Mahindra Manulife Multi Asset Allocation Fund Direct Growth is a Multi Asset Allocation mutual fund schemes offered by Mahindra Manulife Mutual Fund. This fund has been in existence for 2 years, 2 months and 22 days, having been launched on 13-Mar-24.
As of 03-Jun-26, it has a Net Asset Value (NAV) of ₹13.84, Assets Under Management (AUM) of 1097.58 Crores, and an expense ratio of 0.26%.
As of 03-Jun-26, it has a Net Asset Value (NAV) of ₹13.84, Assets Under Management (AUM) of 1097.58 Crores, and an expense ratio of 0.26%.
- Mahindra Manulife Multi Asset Allocation Fund Direct Growth has given a CAGR return of 15.73% since inception.
- The fund's asset allocation comprises around 59.36% in equities, 19.49% in debts, and 10.46% in cash & cash equivalents.
- You can start investing in Mahindra Manulife Multi Asset Allocation 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
+15.90%
— (Cat Avg.)
Since Inception
+15.73%
— (Cat Avg.)
Portfolio Summaryas of 30th April 2026
| Equity | ₹651.51 Cr | 59.36% |
| Debt | ₹213.95 Cr | 19.49% |
| Others | ₹232.12 Cr | 21.15% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| ICICI Pru Gold ETF | Mutual Fund - ETF | ₹105.79 Cr | 9.64% |
| ICICI Securities Limited | Cash - Commercial Paper | ₹49.52 Cr | 4.51% |
| HDFC Bank Ltd | Equity | ₹42.38 Cr | 3.86% |
| ICICI Bank Ltd | Equity | ₹31.42 Cr | 2.86% |
| Reliance Industries Ltd | Equity | ₹29.16 Cr | 2.66% |
| Bharti Airtel Ltd | Equity | ₹27.13 Cr | 2.47% |
| Muthoot Finance Limited | Bond - Corporate Bond | ₹25.18 Cr | 2.29% |
| TVS Credit Services Limited | Bond - Corporate Bond | ₹25.15 Cr | 2.29% |
| Bajaj Finance Limited | Bond - Corporate Bond | ₹24.62 Cr | 2.24% |
| Brookfield India Real Estate Trust | Equity - REIT | ₹23.77 Cr | 2.17% |
| Union Bank Of India | Cash - CD/Time Deposit | ₹23.55 Cr | 2.15% |
| Triparty Repo | Cash - Repurchase Agreement | ₹22.72 Cr | 2.07% |
| State Bank of India | Equity | ₹21.95 Cr | 2.00% |
| Bharti Telecom Limited | Bond - Corporate Bond | ₹19.7 Cr | 1.80% |
| Divi's Laboratories Ltd | Equity | ₹17.18 Cr | 1.57% |
| 6.68% Govt Stock 2040 | Bond - Gov't/Treasury | ₹16.97 Cr | 1.55% |
| Axis Bank Ltd | Equity | ₹15.6 Cr | 1.42% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹14.97 Cr | 1.36% |
| Bajaj Finance Limited | Bond - Corporate Bond | ₹14.96 Cr | 1.36% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹14.93 Cr | 1.36% |
| Infosys Ltd | Equity | ₹14.23 Cr | 1.30% |
| NTPC Ltd | Equity | ₹14.1 Cr | 1.28% |
| Nippon India Silver ETF | Mutual Fund - ETF | ₹13.65 Cr | 1.24% |
| Aditya Vision Ltd | Equity | ₹13.61 Cr | 1.24% |
| Tata Power Co Ltd | Equity | ₹13.34 Cr | 1.22% |
| Tata Steel Ltd | Equity | ₹12.8 Cr | 1.17% |
| Sun Pharmaceuticals Industries Ltd | Equity | ₹12.75 Cr | 1.16% |
| SPR Auto Technologies Ltd | Equity | ₹12.71 Cr | 1.16% |
| Larsen & Toubro Ltd | Equity | ₹12.64 Cr | 1.15% |
| Coromandel International Ltd | Equity | ₹12.16 Cr | 1.11% |
| Tech Mahindra Ltd | Equity | ₹11.83 Cr | 1.08% |
| 6.98% Maharashtra Sgs 2037 | Bond - Gov't/Treasury | ₹11.8 Cr | 1.07% |
| Mahindra & Mahindra Ltd | Equity | ₹11.31 Cr | 1.03% |
| Hindalco Industries Ltd | Equity | ₹10.15 Cr | 0.92% |
| Acutaas Chemicals Ltd | Equity | ₹10.12 Cr | 0.92% |
| Embassy Office Parks REIT | Equity - REIT | ₹10.06 Cr | 0.92% |
| Bajaj Finance Ltd | Equity | ₹10.03 Cr | 0.91% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹10.01 Cr | 0.91% |
| Kotak Mahindra Bank Ltd | Equity | ₹9.67 Cr | 0.88% |
| Eternal Ltd | Equity | ₹9.14 Cr | 0.83% |
| Power Grid Corp Of India Ltd | Equity | ₹8.91 Cr | 0.81% |
| Oil & Natural Gas Corp Ltd | Equity | ₹8.88 Cr | 0.81% |
| Net Receivables / (Payables) | Cash - Collateral | ₹8.71 Cr | 0.79% |
| L&T Finance Ltd | Equity | ₹8.57 Cr | 0.78% |
| Godrej Industries Limited | Bond - Corporate Bond | ₹8.55 Cr | 0.78% |
| Persistent Systems Ltd | Equity | ₹8.54 Cr | 0.78% |
| ITC Ltd | Equity | ₹8.33 Cr | 0.76% |
| Shriram Finance Ltd | Equity | ₹8.25 Cr | 0.75% |
| ISGEC Heavy Engineering Ltd | Equity | ₹8.19 Cr | 0.75% |
| Nexus Select Trust Reits | Equity - REIT | ₹8.14 Cr | 0.74% |
| PTC Industries Ltd | Equity | ₹8.09 Cr | 0.74% |
| INOX India Ltd | Equity | ₹8.08 Cr | 0.74% |
| S.P. Apparels Ltd | Equity | ₹8.04 Cr | 0.73% |
| Grasim Industries Ltd | Equity | ₹8.03 Cr | 0.73% |
| Anthem Biosciences Ltd | Equity | ₹8 Cr | 0.73% |
| Hindustan Aeronautics Ltd Ordinary Shares | Equity | ₹7.68 Cr | 0.70% |
| Shree Cement Ltd | Equity | ₹7.45 Cr | 0.68% |
| Maruti Suzuki India Ltd | Equity | ₹7.08 Cr | 0.65% |
| Kirloskar Brothers Ltd | Equity | ₹7.06 Cr | 0.64% |
| Tata Consumer Products Ltd | Equity | ₹6.98 Cr | 0.64% |
| L.G.Balakrishnan & Bros Ltd | Equity | ₹6.8 Cr | 0.62% |
| Technocraft Industries (India) Ltd | Equity | ₹6.62 Cr | 0.60% |
| Nippon Life India Asset Management Ltd Ordinary Shares | Equity | ₹6.56 Cr | 0.60% |
| Carborundum Universal Ltd | Equity | ₹6.55 Cr | 0.60% |
| GAIL (India) Ltd | Equity | ₹6.45 Cr | 0.59% |
| Raajmarg Infra Investment Trust Units | Equity | ₹6.3 Cr | 0.57% |
| JK Cement Ltd | Equity | ₹6.23 Cr | 0.57% |
| Tega Industries Ltd | Equity | ₹6.22 Cr | 0.57% |
| K.P.R. Mill Ltd | Equity | ₹6.11 Cr | 0.56% |
| Archean Chemical Industries Ltd | Equity | ₹6.07 Cr | 0.55% |
| Gland Pharma Ltd | Equity | ₹6.02 Cr | 0.55% |
| SBI Life Insurance Co Ltd | Equity | ₹6.01 Cr | 0.55% |
| Triveni Engineering & Industries Ltd | Equity | ₹5.87 Cr | 0.53% |
| Hindustan Unilever Ltd | Equity | ₹5.72 Cr | 0.52% |
| SRF Ltd | Equity | ₹5.29 Cr | 0.48% |
| Union Bank of India | Equity | ₹5.14 Cr | 0.47% |
| Kotak Mahindra Investments Limited | Bond - Corporate Bond | ₹5.04 Cr | 0.46% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹5.01 Cr | 0.46% |
| 7.63% Maharashtra Sgs 2036 | Bond - Gov't/Treasury | ₹5 Cr | 0.46% |
| Bank of Baroda | Bond - Corporate Bond | ₹4.96 Cr | 0.45% |
| 7.25% Maharashtra Sgs 2037 | Bond - Gov't/Treasury | ₹4.81 Cr | 0.44% |
| 7.24% Govt Stock 2055 | Bond - Gov't/Treasury | ₹4.8 Cr | 0.44% |
| 360 One Prime Limited | Bond - Corporate Bond | ₹2.5 Cr | 0.23% |
| Sundaram Finance Limited | Bond - Corporate Bond | ₹2.46 Cr | 0.22% |
| Margin Placed With Ccil & Arcl | Cash - Collateral | ₹0.71 Cr | 0.06% |
Allocation By Market Cap (Equity)
Large Cap Stocks
37.74%
Mid Cap Stocks
6.28%
Small Cap Stocks
10.94%
Allocation By Credit Quality (Debt)
AAA
AA
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹171.89 Cr | 15.66% |
| Industrials | ₹76.42 Cr | 6.96% |
| Consumer Cyclical | ₹74.8 Cr | 6.82% |
| Basic Materials | ₹73.01 Cr | 6.65% |
| Healthcare | ₹43.95 Cr | 4.00% |
| Utilities | ₹42.8 Cr | 3.90% |
| Energy | ₹38.04 Cr | 3.47% |
| Technology | ₹34.61 Cr | 3.15% |
| Communication Services | ₹27.13 Cr | 2.47% |
| Consumer Defensive | ₹26.89 Cr | 2.45% |
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
Additional Scheme Detailsas of 30th April 2026
ISIN INF174V01BW2 | Expense Ratio 0.26% | Exit Load No Charges | Fund Size ₹1,098 Cr | Age 2 years 2 months | Lumpsum Minimum ₹1,000 | Fund Status Open Ended Investment Company | Benchmark CRISIL Composite Bond 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 Multi Asset Allocation Funds
About the AMC
Mahindra Manulife Mutual Fund
Total AUM
₹34,537 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 Very High Risk
Take control of your wealth
Related Articles
Still got questions?
We're here to help.
What is the current NAV of Mahindra Manulife Multi Asset Allocation Fund Direct Growth?
The NAV of Mahindra Manulife Multi Asset Allocation Fund Direct Growth, as of 03-Jun-2026, is ₹13.84.
What is the portfolio composition of Mahindra Manulife Multi Asset Allocation Fund Direct Growth?
The fund's allocation of assets is distributed as 59.36% in equities, 19.49% in bonds, and 10.46% in cash and cash equivalents.
Who manages the Mahindra Manulife Multi Asset Allocation Fund Direct Growth?
The fund managers responsible for Mahindra Manulife Multi Asset Allocation Fund Direct Growth are:-
- Rahul Pal
- Kush Sonigara
- Renjith Radhakrishnan
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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.
