Mahindra Manulife Multi Asset Allocation Fund Direct Growth

Fund Overview

Fund Size

₹1,028 Cr

Expense Ratio

0.25%

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 1 years, 11 months and 4 days, having been launched on 13-Mar-24.
As of 16-Feb-26, it has a Net Asset Value (NAV) of ₹14.08, Assets Under Management (AUM) of 1028.28 Crores, and an expense ratio of 0.25%.

Mahindra Manulife Multi Asset Allocation Fund Direct Growth has given a CAGR return of 19.41% since inception.
The fund's asset allocation comprises around 56.53% in equities, 14.95% in debts, and 13.55% 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

+26.81%

— (Cat Avg.)

Since Inception

+19.41%

— (Cat Avg.)

Portfolio Summaryas of 31st January 2026

Equity	₹581.27 Cr	56.53%
Debt	₹153.73 Cr	14.95%
Others	₹293.28 Cr	28.52%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
ICICI Pru Gold ETF	Mutual Fund - ETF	₹115.43 Cr	11.23%
Net Receivables / (Payables)	Cash	₹44.91 Cr	4.37%
Nippon India Silver ETF	Mutual Fund - ETF	₹40.66 Cr	3.95%
HDFC Bank Ltd	Equity	₹37.74 Cr	3.67%
HDFC Securities Limited	Cash - Commercial Paper	₹34.73 Cr	3.38%
ICICI Bank Ltd	Equity	₹28.96 Cr	2.82%
Muthoot Finance Limited	Bond - Corporate Bond	₹25.32 Cr	2.46%
TVS Credit Services Limited	Bond - Corporate Bond	₹25.3 Cr	2.46%
HDFC Bank Limited	Cash - CD/Time Deposit	₹24.12 Cr	2.35%
Reliance Industries Ltd	Equity	₹23.56 Cr	2.29%
Bharti Airtel Ltd	Equity	₹22.4 Cr	2.18%
State Bank of India	Equity	₹22.12 Cr	2.15%
Bharti Telecom Limited	Bond - Corporate Bond	₹19.84 Cr	1.93%
Infosys Ltd	Equity	₹19.76 Cr	1.92%
Bank Of Baroda	Cash - CD/Time Deposit	₹18.97 Cr	1.85%
Larsen & Toubro Ltd	Equity	₹18.29 Cr	1.78%
Divi's Laboratories Ltd	Equity	₹15.99 Cr	1.55%
Axis Bank Ltd	Equity	₹15.62 Cr	1.52%
Nexus Select Trust Reits	Equity - REIT	₹15.38 Cr	1.50%
Sundaram Finance Limited	Bond - Corporate Bond	₹14.84 Cr	1.44%
Tech Mahindra Ltd	Equity	₹14 Cr	1.36%
Brookfield India Real Estate Trust	Equity - REIT	₹13.64 Cr	1.33%
NTPC Ltd	Equity	₹12.57 Cr	1.22%
Mahindra & Mahindra Ltd	Equity	₹12.53 Cr	1.22%
Coromandel International Ltd	Equity	₹12.41 Cr	1.21%
6.98% Maharashtra Sgs 2037	Bond - Gov't/Treasury	₹12.05 Cr	1.17%
Embassy Office Parks REIT	Equity - REIT	₹11.98 Cr	1.16%
Aditya Vision Ltd	Equity	₹10.16 Cr	0.99%
LIC Housing Finance Ltd	Bond - Corporate Bond	₹10.08 Cr	0.98%
Bajaj Finance Ltd	Equity	₹9.95 Cr	0.97%
7.24% Gs 2055	Bond - Gov't/Treasury	₹9.86 Cr	0.96%
Axis Bank Ltd	Cash - CD/Time Deposit	₹9.45 Cr	0.92%
PTC Industries Ltd	Equity	₹9.09 Cr	0.88%
L&T Finance Ltd	Equity	₹8.77 Cr	0.85%
Godrej Industries Limited	Bond - Corporate Bond	₹8.58 Cr	0.83%
ITC Ltd	Equity	₹8.52 Cr	0.83%
Sun Pharmaceuticals Industries Ltd	Equity	₹8.22 Cr	0.80%
Grasim Industries Ltd	Equity	₹8.1 Cr	0.79%
Shriram Pistons & Rings Ltd	Equity	₹7.81 Cr	0.76%
Maruti Suzuki India Ltd	Equity	₹7.77 Cr	0.76%
Kotak Mahindra Bank Ltd	Equity	₹7.77 Cr	0.76%
Tata Consultancy Services Ltd	Equity	₹7.72 Cr	0.75%
Power Grid Corp Of India Ltd	Equity	₹7.18 Cr	0.70%
Tata Steel Ltd	Equity	₹7.06 Cr	0.69%
Shree Cement Ltd	Equity	₹6.96 Cr	0.68%
Shriram Finance Ltd	Equity	₹6.94 Cr	0.67%
Tata Consumer Products Ltd	Equity	₹6.91 Cr	0.67%
Acutaas Chemicals Ltd	Equity	₹6.89 Cr	0.67%
GAIL (India) Ltd	Equity	₹6.61 Cr	0.64%
SBI Life Insurance Co Ltd	Equity	₹6.61 Cr	0.64%
L.G.Balakrishnan & Bros Ltd	Equity	₹6.6 Cr	0.64%
Hindalco Industries Ltd	Equity	₹6.43 Cr	0.63%
Kirloskar Brothers Ltd	Equity	₹6.39 Cr	0.62%
Tega Industries Ltd	Equity	₹6.37 Cr	0.62%
Gland Pharma Ltd	Equity	₹6.35 Cr	0.62%
Indian Oil Corp Ltd	Equity	₹6.24 Cr	0.61%
INOX India Ltd	Equity	₹6.19 Cr	0.60%
S.P. Apparels Ltd	Equity	₹6.14 Cr	0.60%
Oil & Natural Gas Corp Ltd	Equity	₹6.09 Cr	0.59%
JK Cement Ltd	Equity	₹5.96 Cr	0.58%
SRF Ltd	Equity	₹5.91 Cr	0.58%
Asahi India Glass Ltd	Equity	₹5.74 Cr	0.56%
Archean Chemical Industries Ltd	Equity	₹5.66 Cr	0.55%
Voltas Ltd	Equity	₹5.44 Cr	0.53%
Persistent Systems Ltd	Equity	₹5.43 Cr	0.53%
Carborundum Universal Ltd	Equity	₹5.42 Cr	0.53%
Afcons Infrastructure Ltd	Equity	₹5.35 Cr	0.52%
Hindustan Unilever Ltd	Equity	₹5.32 Cr	0.52%
6.68% Gs 2040	Bond - Gov't/Treasury	₹5.3 Cr	0.52%
Coal India Ltd	Equity	₹5.23 Cr	0.51%
Anthem Biosciences Ltd	Equity	₹5.23 Cr	0.51%
KEI Industries Ltd	Equity	₹5.09 Cr	0.49%
7.63% Maharashtra Sgs 2036	Bond - Gov't/Treasury	₹5.07 Cr	0.49%
Kotak Mahindra Investments Limited	Bond - Corporate Bond	₹5.05 Cr	0.49%
Small Industries Development Bank Of India	Bond - Corporate Bond	₹5.03 Cr	0.49%
ICICI Home Finance Company Limited	Bond - Corporate Bond	₹5.01 Cr	0.49%
7.25% Maharashtra Sgs 2037	Bond - Gov't/Treasury	₹4.91 Cr	0.48%
REC Ltd	Equity	₹4.33 Cr	0.42%
ISGEC Heavy Engineering Ltd	Equity	₹4.33 Cr	0.42%
Technocraft Industries (India) Ltd	Equity	₹3.99 Cr	0.39%
360 One Prime Limited	Bond - Corporate Bond	₹2.5 Cr	0.24%
Kwality Walls (India) Limited	Equity	₹0.07 Cr	0.01%

Allocation By Market Cap (Equity)

Allocation By Credit Quality (Debt)

AAA

UNRATED

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Financial Services	₹148.81 Cr	14.47%
Industrials	₹76.41 Cr	7.43%
Consumer Cyclical	₹62.19 Cr	6.05%
Basic Materials	₹59.46 Cr	5.78%
Technology	₹46.9 Cr	4.56%
Energy	₹41.12 Cr	4.00%
Healthcare	₹35.79 Cr	3.48%
Utilities	₹26.36 Cr	2.56%
Communication Services	₹22.4 Cr	2.18%
Consumer Defensive	₹20.75 Cr	2.02%

Risk & Performance Ratios

Fund Managers

Rahul Pal

Since March 2024

Kush Sonigara

Since January 2026

Renjith Radhakrishnan

Since March 2024

Additional Scheme Detailsas of 31st January 2026

ISIN

INF174V01BW2

Expense Ratio

0.25%

Exit Load

No Charges

Fund Size

₹1,028 Cr

Age

1 year 11 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

Fund name	Expense Ratio	Exit Load	Fund size	1Y
The Wealth Company Multi Asset Allocation Fund Regular Growth High Risk	2.0%	1.0%	₹129.96 Cr	-
The Wealth Company Multi Asset Allocation Fund Direct Growth High Risk	0.4%	1.0%	₹129.96 Cr	-
PGIM India Multi Asset Allocation Fund Direct Growth High Risk	0.6%	0.0%	₹225.53 Cr	-
PGIM India Multi Asset Allocation Fund Regular Growth High Risk	2.3%	0.0%	₹225.53 Cr	-
360 ONE Multi Asset Allocation Fund Regular Growth High Risk	2.0%	1.0%	₹346.62 Cr	-
360 ONE Multi Asset Allocation Fund Direct Growth High Risk	0.4%	1.0%	₹346.62 Cr	-
Franklin India Multi Asset Allocation Fund Regular Growth Very High Risk	1.9%	0.0%	₹2623.81 Cr	-
Franklin India Multi Asset Allocation Fund Direct Growth Very High Risk	0.3%	0.0%	₹2623.81 Cr	-
Canara Robeco Multi Asset Allocation Fund Direct Growth Very High Risk	0.6%	1.0%	₹1266.35 Cr	-
Canara Robeco Multi Asset Allocation Fund Regular Growth Very High Risk	2.1%	1.0%	₹1266.35 Cr	-
LIC MF Multi Asset Allocation Fund Regular Growth Very High Risk	0.6%	1.0%	₹953.98 Cr	24.1%
LIC MF Multi Asset Allocation Fund Regular Growth Very High Risk	2.0%	1.0%	₹953.98 Cr	22.1%
Samco Multi Asset Allocation Fund Direct Growth Moderately High risk	0.6%	1.0%	₹376.67 Cr	19.0%
Samco Multi Asset Allocation Fund Regular Growth Moderately High risk	2.2%	1.0%	₹376.67 Cr	17.0%
Invesco India Multi Asset Allocation Fund Regular Growth Very High Risk	1.8%	1.0%	₹854.17 Cr	24.0%
Invesco India Multi Asset Allocation Fund Direct Growth Very High Risk	0.5%	1.0%	₹854.17 Cr	25.6%
Union Multi Asset Allocation Fund Regular Growth Very High Risk	2.2%	1.0%	₹908.54 Cr	27.6%
Union Multi Asset Allocation Fund Direct Growth Very High Risk	1.0%	1.0%	₹908.54 Cr	29.1%
Bajaj Finserv Multi Asset Allocation Fund Direct Growth Very High Risk	0.5%	1.0%	₹1634.52 Cr	26.6%
Bajaj Finserv Multi Asset Allocation Fund Regular Growth Very High Risk	2.0%	1.0%	₹1634.52 Cr	24.7%
Mahindra Manulife Multi Asset Allocation Fund Direct Growth Very High Risk	0.3%	0.0%	₹1028.28 Cr	26.8%
Mahindra Manulife Multi Asset Allocation Fund Regular Growth Very High Risk	1.9%	0.0%	₹1028.28 Cr	24.8%
Quantum Multi Asset Allocation Fund Regular Growth High Risk	2.0%	1.0%	₹53.87 Cr	14.0%
Quantum Multi Asset Allocation Fund Direct Growth High Risk	0.4%	1.0%	₹53.87 Cr	15.8%
HSBC Multi Asset Allocation Fund Direct Growth Very High Risk	0.4%	1.0%	₹2693.31 Cr	31.4%
HSBC Multi Asset Allocation Fund Regular Growth Very High Risk	1.8%	1.0%	₹2693.31 Cr	29.7%
Bank of India Multi Asset Allocation Fund Regular Growth Very High Risk	1.9%	1.0%	₹340.93 Cr	18.2%
Bank of India Multi Asset Allocation Fund Direct Growth Very High Risk	0.8%	1.0%	₹340.93 Cr	19.5%
Mirae Asset Multi Asset Allocation Fund Regular Growth High Risk	1.1%	1.0%	₹3038.28 Cr	22.8%
Mirae Asset Multi Asset Allocation Fund Direct Growth High Risk	0.3%	1.0%	₹3038.28 Cr	24.7%
Bandhan Multi Asset Allocation Fund Regular Growth Very High Risk	1.9%	0.0%	₹2966.55 Cr	23.7%
Bandhan Multi Asset Allocation Fund Direct Growth Very High Risk	0.5%	0.0%	₹2966.55 Cr	25.6%
Sundaram Multi Asset Allocation Fund Direct Growth High Risk	0.4%	1.0%	₹3264.25 Cr	24.1%
Sundaram Multi Asset Allocation Fund Regular Growth High Risk	1.8%	1.0%	₹3264.25 Cr	22.3%
DSP Multi Asset Allocation Fund Regular Growth Very High Risk	1.4%	1.0%	₹7731.13 Cr	26.8%
DSP Multi Asset Allocation Fund Direct Growth Very High Risk	0.3%	1.0%	₹7731.13 Cr	28.4%
Kotak Multi Asset Allocation Fund Direct Growth High Risk	0.5%	1.0%	₹12100.58 Cr	32.0%
Kotak Multi Asset Allocation Fund Regular Growth High Risk	1.7%	1.0%	₹12100.58 Cr	30.3%
Shriram Multi Asset Allocation Fund Direct Growth Very High Risk	0.7%	1.0%	₹144.13 Cr	19.9%
Shriram Multi Asset Allocation Fund Regular Growth Very High Risk	2.4%	1.0%	₹144.13 Cr	17.8%
Baroda BNP Paribas Multi Asset Fund Regular Growth Very High Risk	2.1%	1.0%	₹1381.50 Cr	20.2%
Baroda BNP Paribas Multi Asset Fund Direct Growth Very High Risk	0.9%	1.0%	₹1381.50 Cr	21.6%
Edelweiss Multi Asset Allocation Fund Regular Growth Low Risk	0.8%	0.0%	₹2678.16 Cr	7.2%
Edelweiss Multi Asset Allocation Fund Direct Growth Low Risk	0.4%	0.0%	₹2678.16 Cr	7.5%
Axis Multi Asset Allocation Fund Regular Growth Very High Risk	2.0%	1.0%	₹2051.10 Cr	22.1%
UTI Multi Asset Fund Direct Growth High Risk	0.6%	1.0%	₹6847.91 Cr	16.2%
Axis Multi Asset Allocation Fund Direct Growth Very High Risk	0.9%	1.0%	₹2051.10 Cr	23.3%
HDFC Multi - Asset Fund Direct Growth Very High Risk	0.8%	1.0%	₹5713.61 Cr	17.4%
ICICI Prudential Multi-Asset Fund Direct Growth Very High Risk	0.6%	1.0%	₹80768.23 Cr	17.3%
SBI Multi Asset Allocation Fund Direct Growth High Risk	0.6%	1.0%	₹14943.80 Cr	23.6%

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	20.2%
Mahindra Manulife Multi Asset Allocation Fund Direct Growth Very High Risk	0.3%	0.0%	₹1028.28 Cr	26.8%
Mahindra Manulife Business Cycle Fund Direct Growth Very High Risk	0.5%	1.0%	₹1289.75 Cr	21.1%
Mahindra Manulife Large Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹739.65 Cr	14.4%
Mahindra Manulife Liquid Fund Direct Growth Moderate Risk	0.1%	0.0%	₹1074.37 Cr	6.5%
Mahindra Manulife Large & Mid Cap Fund Direct Growth Very High Risk	0.5%	1.0%	₹2738.71 Cr	16.3%
Mahindra Manulife ELSS Fund Direct Growth Very High Risk	0.6%	0.0%	₹938.26 Cr	15.2%
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	15.6%
Mahindra Manulife Flexi Cap Fund Direct Growth Very High Risk	0.4%	1.0%	₹1549.15 Cr	14.9%
Mahindra Manulife Consumption Fund Direct Growth Very High Risk	0.7%	1.0%	₹511.89 Cr	10.2%
Mahindra Manulife Focused Fund Direct Growth Very High Risk	0.4%	1.0%	₹2207.80 Cr	15.3%
Mahindra Manulife Asia Pacific REITs FOF Direct Growth Very High Risk	0.5%	1.0%	₹44.06 Cr	31.3%
Mahindra Manulife Equity Savings Fund Direct Growth Moderately High risk	0.7%	1.0%	₹555.78 Cr	11.7%
Mahindra Manulife Multi Cap Fund Direct Growth Very High Risk	0.4%	1.0%	₹6045.74 Cr	19.1%
Mahindra Manulife Dynamic Bond Fund Direct Growth Moderately High risk	0.4%	0.0%	₹75.13 Cr	6.8%
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	7.9%
Mahindra Manulife Mid Cap Fund Direct Growth Very High Risk	0.5%	1.0%	₹4267.43 Cr	20.2%
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	7.6%
Mahindra Manulife Aggressive Hybrid Fund Direct Growth Very High Risk	0.4%	1.0%	₹2114.91 Cr	14.5%
Mahindra Manulife Balanced Advantage Fund Direct Growth Very High Risk	0.6%	1.0%	₹912.79 Cr	12.5%

Risk Level

Your principal amount will be at Very High Risk

Take control of your wealth

Track and Analyse all your investments with Dezerv

Rated ★ 4.3+ on

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 16-Feb-2026, is ₹14.08.

What is the portfolio composition of Mahindra Manulife Multi Asset Allocation Fund Direct Growth?

The fund's allocation of assets is distributed as 56.53% in equities, 14.95% in bonds, and 13.55% 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

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.

;

©2021-2026 Dezerv. All Rights Reserved

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.

Mahindra Manulife Multi Asset Allocation Fund Direct Growth

Fund Overview