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Mahindra Manulife Multi Asset Allocation Fund Direct Growth
HybridMulti Asset AllocationVery High Risk
Direct
NAV (17-Sep-26)
₹14.320.22%1D
Returns (Since Inception)
15.36%
Rated ★4.3+ on 
Fund Overview
Fund Size
₹1,235 Cr
Expense Ratio
0.64%
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, 6 months and 5 days, having been launched on 13-Mar-24.
As of 17-Sep-26, it has a Net Asset Value (NAV) of ₹14.32, Assets Under Management (AUM) of 1234.81 Crores, and an expense ratio of 0.64%.
As of 17-Sep-26, it has a Net Asset Value (NAV) of ₹14.32, Assets Under Management (AUM) of 1234.81 Crores, and an expense ratio of 0.64%.
- Mahindra Manulife Multi Asset Allocation Fund Direct Growth has given a CAGR return of 15.36% since inception.
- The fund's asset allocation comprises around 58.74% in equities, 19.96% in debts, and 5.91% 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
+12.12%
— (Cat Avg.)
Since Inception
+15.36%
— (Cat Avg.)
Portfolio Summaryas of 31st August 2026
| Equity | ₹725.27 Cr | 58.74% |
| Debt | ₹246.41 Cr | 19.96% |
| Others | ₹263.13 Cr | 21.31% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| ICICI Pru Gold ETF | Mutual Fund - ETF | ₹156.24 Cr | 12.65% |
| ICICI Bank Ltd | Equity | ₹45.32 Cr | 3.67% |
| HDFC Bank Ltd | Equity | ₹42.48 Cr | 3.44% |
| Brookfield India Real Estate Trust | Equity - REIT | ₹41.46 Cr | 3.36% |
| Muthoot Finance Limited | Bond - Corporate Bond | ₹37.27 Cr | 3.02% |
| Nippon India Silver ETF | Mutual Fund - ETF | ₹37.16 Cr | 3.01% |
| Icici Securities Limited (Earlier Icici Brokerage Services Limited) | Cash - Commercial Paper | ₹34.94 Cr | 2.83% |
| Bharti Airtel Ltd | Equity | ₹26.06 Cr | 2.11% |
| Reliance Industries Ltd | Equity | ₹26.03 Cr | 2.11% |
| TVS Credit Services Limited | Bond - Corporate Bond | ₹25.12 Cr | 2.03% |
| Divi's Laboratories Ltd | Equity | ₹25.01 Cr | 2.03% |
| Shriram Finance Limited | Bond - Corporate Bond | ₹22.69 Cr | 1.84% |
| State Bank of India | Equity | ₹21.77 Cr | 1.76% |
| Triparty Repo | Cash - Repurchase Agreement | ₹20.47 Cr | 1.66% |
| Bharti Telecom Limited | Bond - Corporate Bond | ₹19.63 Cr | 1.59% |
| 7.71% Govt Stock 2066 | Bond - Gov't/Treasury | ₹18.67 Cr | 1.51% |
| Cholamandalam Investment And Finance Company Limited | Bond - Corporate Bond | ₹17.47 Cr | 1.41% |
| Kotak Mahindra Bank Ltd | Equity | ₹17.08 Cr | 1.38% |
| SPR Auto Technologies Ltd | Equity | ₹16.79 Cr | 1.36% |
| Axis Bank Ltd | Equity | ₹15.99 Cr | 1.29% |
| Aditya Vision Ltd | Equity | ₹15.58 Cr | 1.26% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹14.96 Cr | 1.21% |
| Bajaj Finance Limited | Bond - Corporate Bond | ₹14.88 Cr | 1.21% |
| Embassy Office Parks Reit | Bond - Corporate Bond | ₹14.88 Cr | 1.21% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹14.87 Cr | 1.20% |
| Sun Pharmaceuticals Industries Ltd | Equity | ₹13.99 Cr | 1.13% |
| Infosys Ltd | Equity | ₹13.65 Cr | 1.11% |
| Persistent Systems Ltd | Equity | ₹13.31 Cr | 1.08% |
| Tech Mahindra Ltd | Equity | ₹13.07 Cr | 1.06% |
| Larsen & Toubro Ltd | Equity | ₹12.74 Cr | 1.03% |
| Eternal Ltd | Equity | ₹12.14 Cr | 0.98% |
| 6.98% Maharashtra Sgs 2037 | Bond - Gov't/Treasury | ₹11.91 Cr | 0.96% |
| INOX India Ltd | Equity | ₹11.83 Cr | 0.96% |
| Coromandel International Ltd | Equity | ₹11.69 Cr | 0.95% |
| NTPC Ltd | Equity | ₹11.56 Cr | 0.94% |
| Bajaj Finance Ltd | Equity | ₹11.31 Cr | 0.92% |
| Tata Steel Ltd | Equity | ₹11.17 Cr | 0.90% |
| PTC Industries Ltd | Equity | ₹11.13 Cr | 0.90% |
| Tata Power Co Ltd | Equity | ₹10.41 Cr | 0.84% |
| Embassy Office Parks REIT | Equity - REIT | ₹10.38 Cr | 0.84% |
| Gland Pharma Ltd | Equity | ₹9.93 Cr | 0.80% |
| L&T Finance Ltd | Equity | ₹9.83 Cr | 0.80% |
| Shriram Finance Ltd | Equity | ₹9.77 Cr | 0.79% |
| Grasim Industries Ltd | Equity | ₹9.69 Cr | 0.78% |
| S.P. Apparels Ltd | Equity | ₹9.6 Cr | 0.78% |
| Anthem Biosciences Ltd | Equity | ₹9.4 Cr | 0.76% |
| Mahindra & Mahindra Ltd | Equity | ₹8.7 Cr | 0.70% |
| Godrej Industries Limited | Bond - Corporate Bond | ₹8.53 Cr | 0.69% |
| Hindustan Aeronautics Ltd Ordinary Shares | Equity | ₹8.5 Cr | 0.69% |
| Hyundai Motor India Ltd | Equity | ₹8.38 Cr | 0.68% |
| Nexus Select Trust Reits | Equity - REIT | ₹8.29 Cr | 0.67% |
| Technocraft Industries (India) Ltd | Equity | ₹7.84 Cr | 0.64% |
| TVS Motor Co Ltd | Equity | ₹7.73 Cr | 0.63% |
| K.P.R. Mill Ltd | Equity | ₹7.68 Cr | 0.62% |
| Nippon Life India Asset Management Ltd Ordinary Shares | Equity | ₹7.62 Cr | 0.62% |
| Godfrey Phillips India Ltd | Equity | ₹7.58 Cr | 0.61% |
| Power Grid Corp Of India Ltd | Equity | ₹7.38 Cr | 0.60% |
| Tata Motors Ltd | Equity | ₹7.21 Cr | 0.58% |
| Shree Cement Ltd | Equity | ₹7.14 Cr | 0.58% |
| Kirloskar Brothers Ltd | Equity | ₹7.13 Cr | 0.58% |
| Oil India Ltd | Equity | ₹7.01 Cr | 0.57% |
| HDFC Bank Ltd. | Bond - Corporate Bond | ₹6.98 Cr | 0.56% |
| Raajmarg Infra Investment Trust Units | Equity | ₹6.93 Cr | 0.56% |
| Hindalco Industries Ltd | Equity | ₹6.88 Cr | 0.56% |
| Net Receivables / (Payables) | Cash - Collateral | ₹6.81 Cr | 0.55% |
| National Aluminium Co Ltd | Equity | ₹6.68 Cr | 0.54% |
| Ingersoll-Rand (India) Ltd | Equity | ₹6.55 Cr | 0.53% |
| L.G.Balakrishnan & Bros Ltd | Equity | ₹6.54 Cr | 0.53% |
| Kajaria Ceramics Ltd | Equity | ₹6.47 Cr | 0.52% |
| Bharat Electronics Ltd | Equity | ₹6.38 Cr | 0.52% |
| Tata Consumer Products Ltd | Equity | ₹6.33 Cr | 0.51% |
| JK Cement Ltd | Equity | ₹6.05 Cr | 0.49% |
| ISGEC Heavy Engineering Ltd | Equity | ₹5.95 Cr | 0.48% |
| Union Bank of India | Equity | ₹5.85 Cr | 0.47% |
| SBI Life Insurance Co Ltd | Equity | ₹5.75 Cr | 0.47% |
| GAIL (India) Ltd | Equity | ₹5.47 Cr | 0.44% |
| Oil & Natural Gas Corp Ltd | Equity | ₹5.25 Cr | 0.43% |
| Kotak Mahindra Investments Limited | Bond - Corporate Bond | ₹5.02 Cr | 0.41% |
| Hindustan Unilever Ltd | Equity | ₹5 Cr | 0.40% |
| 7.63% Maharashtra Sgs 2036 | Bond - Gov't/Treasury | ₹5 Cr | 0.40% |
| 7.25% Maharashtra Sgs 2037 | Bond - Gov't/Treasury | ₹4.86 Cr | 0.39% |
| Archean Chemical Industries Ltd | Equity | ₹4.85 Cr | 0.39% |
| 7.24% Govt Stock 2055 | Bond - Gov't/Treasury | ₹4.81 Cr | 0.39% |
| 6.68% Govt Stock 2040 | Bond - Gov't/Treasury | ₹3.38 Cr | 0.27% |
| Sundaram Finance Limited | Bond - Corporate Bond | ₹2.46 Cr | 0.20% |
| Margin Placed With Ccil & Arcl | Cash - Repurchase Agreement | ₹0.52 Cr | 0.04% |
Allocation By Market Cap (Equity)
Large Cap Stocks
35.96%
Mid Cap Stocks
7.83%
Small Cap Stocks
14.38%
Allocation By Credit Quality (Debt)
AAA
AA
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹199.7 Cr | 16.17% |
| Consumer Cyclical | ₹100.33 Cr | 8.12% |
| Industrials | ₹84.52 Cr | 6.85% |
| Basic Materials | ₹64.16 Cr | 5.20% |
| Healthcare | ₹58.33 Cr | 4.72% |
| Technology | ₹40.04 Cr | 3.24% |
| Energy | ₹38.28 Cr | 3.10% |
| Utilities | ₹34.82 Cr | 2.82% |
| Communication Services | ₹26.06 Cr | 2.11% |
| Consumer Defensive | ₹18.9 Cr | 1.53% |
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 31st August 2026
ISIN INF174V01BW2 | Expense Ratio 0.64% | Exit Load No Charges | Fund Size ₹1,235 Cr | Age 2 years 6 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
₹37,731 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 17-Sep-2026, is ₹14.32.
What is the portfolio composition of Mahindra Manulife Multi Asset Allocation Fund Direct Growth?
The fund's allocation of assets is distributed as 58.74% in equities, 19.96% in bonds, and 5.91% 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.
