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Fund Overview

Fund Size

Fund Size

₹1,129 Cr

Expense Ratio

Expense Ratio

0.53%

ISIN

ISIN

INF174V01BQ4

Minimum SIP

Minimum SIP

₹1,000

Exit Load

Exit Load

1.00%

Inception Date

Inception Date

13 Sep 2023

About this fund

Mahindra Manulife Business Cycle Fund Direct Growth is a Equity - Other mutual fund schemes offered by Mahindra Manulife Mutual Fund. This fund has been in existence for 1 years, 7 months and 6 days, having been launched on 13-Sep-23.
As of 17-Apr-25, it has a Net Asset Value (NAV) of ₹14.06, Assets Under Management (AUM) of 1128.52 Crores, and an expense ratio of 0.53%.
  • Mahindra Manulife Business Cycle Fund Direct Growth has given a CAGR return of 23.68% since inception.
  • The fund's asset allocation comprises around 94.93% in equities, 0.00% in debts, and 5.07% in cash & cash equivalents.
  • You can start investing in Mahindra Manulife Business Cycle 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

+7.27%

(Cat Avg.)

Since Inception

+23.68%

(Cat Avg.)

Portfolio Summaryas of 31st March 2025

Equity1,071.3 Cr94.93%
Others57.21 Cr5.07%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
Reliance Industries LtdEquity57.87 Cr5.13%
HDFC Bank LtdEquity57.59 Cr5.10%
Net Receivables / (Payables)Cash57.21 Cr5.07%
State Bank of IndiaEquity47.06 Cr4.17%
Axis Bank LtdEquity35.82 Cr3.17%
ITC LtdEquity32.78 Cr2.90%
Indus Towers Ltd Ordinary SharesEquity26.99 Cr2.39%
Bajaj Finance LtdEquity26.84 Cr2.38%
Tata Consultancy Services LtdEquity26.41 Cr2.34%
Hindustan Unilever LtdEquity26.2 Cr2.32%
Grasim Industries LtdEquity23.5 Cr2.08%
Divi's Laboratories LtdEquity23.39 Cr2.07%
Coal India LtdEquity23.22 Cr2.06%
NTPC LtdEquity22.29 Cr1.98%
Sun Pharmaceuticals Industries LtdEquity22.2 Cr1.97%
Tata Steel LtdEquity21.47 Cr1.90%
Maruti Suzuki India LtdEquity20.74 Cr1.84%
Oil & Natural Gas Corp LtdEquity20.2 Cr1.79%
CESC LtdEquity17.69 Cr1.57%
GAIL (India) LtdEquity17.48 Cr1.55%
Manappuram Finance LtdEquity17.46 Cr1.55%
Jio Financial Services LtdEquity17.06 Cr1.51%
Piramal Enterprises LtdEquity16.39 Cr1.45%
Sarda Energy & Minerals LtdEquity16.04 Cr1.42%
Trent LtdEquity15.98 Cr1.42%
APL Apollo Tubes LtdEquity15.79 Cr1.40%
Balrampur Chini Mills LtdEquity15.6 Cr1.38%
Punjab National BankEquity14.87 Cr1.32%
Bank of BarodaEquity14.85 Cr1.32%
Hindustan Petroleum Corp LtdEquity14.41 Cr1.28%
Tech Mahindra LtdEquity14.35 Cr1.27%
Hero MotoCorp LtdEquity14.15 Cr1.25%
Hindalco Industries LtdEquity13.79 Cr1.22%
Ceat LtdEquity13.02 Cr1.15%
Kirloskar Brothers LtdEquity12.89 Cr1.14%
Wipro LtdEquity12.75 Cr1.13%
Coromandel International LtdEquity12.69 Cr1.12%
Triveni Engineering & Industries LtdEquity12.68 Cr1.12%
LMW LtdEquity12.27 Cr1.09%
Asahi India Glass LtdEquity11.87 Cr1.05%
AWL Agri Business LtdEquity11.62 Cr1.03%
Godrej Consumer Products LtdEquity11.59 Cr1.03%
National Aluminium Co LtdEquity11.41 Cr1.01%
Piramal Pharma LtdEquity11.25 Cr1.00%
Bata India LtdEquity11.22 Cr0.99%
Emcure Pharmaceuticals LtdEquity10.72 Cr0.95%
GlaxoSmithKline Pharmaceuticals LtdEquity10.08 Cr0.89%
S.P. Apparels LtdEquity9.75 Cr0.86%
Aditya Birla Real Estate LtdEquity9.71 Cr0.86%
Technocraft Industries (India) LtdEquity9.68 Cr0.86%
Bajaj Auto LtdEquity9.06 Cr0.80%
Bharat Bijlee LtdEquity8.76 Cr0.78%
Bandhan Bank LtdEquity8.63 Cr0.76%
Anant Raj LtdEquity8.6 Cr0.76%
ISGEC Heavy Engineering LtdEquity8.33 Cr0.74%
Power Finance Corp LtdEquity8.22 Cr0.73%
Carborundum Universal LtdEquity8.06 Cr0.71%
NOCIL LtdEquity7.44 Cr0.66%
RBL Bank LtdEquity7.42 Cr0.66%
Kirloskar Ferrous Industries LtdEquity6.88 Cr0.61%
Archean Chemical Industries LtdEquity6.84 Cr0.61%
Afcons Infrastructure LtdEquity6.8 Cr0.60%
Restaurant Brands Asia Ltd Ordinary SharesEquity6.75 Cr0.60%
VIP Industries LtdEquity6.51 Cr0.58%
Emami LtdEquity5.95 Cr0.53%
D B Corp LtdEquity4.9 Cr0.43%
Sanghvi Movers LtdEquity4.88 Cr0.43%
ITC Hotels LtdEquity1.58 Cr0.14%

Allocation By Market Cap (Equity)

Large Cap Stocks

60.14%

Mid Cap Stocks

6.74%

Small Cap Stocks

27.91%

Other Allocation

Equity Sector

Debt & Others

SectorAmount sortHoldings sort
Financial Services272.2 Cr24.12%
Basic Materials138.66 Cr12.29%
Consumer Cyclical120.63 Cr10.69%
Consumer Defensive116.43 Cr10.32%
Energy115.71 Cr10.25%
Industrials78.55 Cr6.96%
Healthcare77.65 Cr6.88%
Utilities57.46 Cr5.09%
Technology53.51 Cr4.74%
Communication Services31.89 Cr2.83%
Real Estate8.6 Cr0.76%

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

Krishna Sanghavi

Krishna Sanghavi

Since September 2023

RR

Renjith Radhakrishnan

Since September 2023

Additional Scheme Detailsas of 31st March 2025

ISIN
INF174V01BQ4
Expense Ratio
0.53%
Exit Load
1.00%
Fund Size
₹1,129 Cr
Age
1 year 7 months
Lumpsum Minimum
₹1,000
Fund Status
Open Ended Investment Company
Benchmark
Nifty 500 TRI

Investment ObjectiveInvestment 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

iconCapital Gains Taxation:

iconDividend Taxation:

info icon

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 nameExpense RatioExit LoadFund size
1Y
Motilal Oswal Nifty Capital Market ETF

Very High Risk

0.3%-₹5.38 Cr-
Mirae Asset BSE Select IPO ETF

Very High Risk

--₹14.61 Cr-
Motilal Oswal Active Momentum Fund Direct Growth

Very High Risk

2.6%1.0%₹46.20 Cr-
Motilal Oswal Active Momentum Fund Regular Growth

Very High Risk

2.7%1.0%₹46.20 Cr-
Nippon India Active Momentum Fund Regular Growth

Very High Risk

-1.0%₹130.97 Cr-
Nippon India Active Momentum Fund Direct Growth

Very High Risk

-1.0%₹130.97 Cr-
Groww Nifty 200 ETF

Very High Risk

0.3%-₹13.49 Cr-
Invesco India Business Cycle Fund Direct Growth

Very High Risk

0.6%0.0%₹267.72 Cr-
Invesco India Business Cycle Fund Regular Growth

Very High Risk

2.3%0.0%₹267.72 Cr-
Kotak MSCI India ETF

Very High Risk

0.4%-₹1018.03 Cr-

About the AMC

Mahindra Manulife Mutual Fund

Mahindra Manulife Mutual Fund

Total AUM

₹16,346 Cr

Address

570 P. B. Marg, Worli, Mumbai 400018, Mumbai, 400018

Other Funds by Mahindra Manulife Mutual Fund

Fund nameExpense RatioExit LoadFund size
1Y
Mahindra Manulife Business Cycle Fund Direct Growth

Very High Risk

0.5%1.0%₹1128.52 Cr7.3%
Mahindra Manulife Large Cap Fund Direct Growth

Very High Risk

0.7%1.0%₹610.68 Cr11.1%
Mahindra Manulife Liquid Fund Direct Growth

Moderate Risk

0.1%0.0%₹1025.78 Cr7.4%
Mahindra Manulife ELSS Fund Direct Growth

Very High Risk

0.6%0.0%₹895.31 Cr8.6%
Mahindra Manulife Overnight Fund Direct Growth

Low Risk

0.1%0.0%₹265.10 Cr6.6%
Mahindra Manulife Asia Pacific REITs FOF Direct Growth

Very High Risk

0.4%1.0%₹23.82 Cr9.8%
Mahindra Manulife Equity Savings Fund Direct Growth

Moderately High risk

0.7%1.0%₹557.01 Cr7.3%
Mahindra Manulife Dynamic Bond Fund Direct Growth

Moderate Risk

0.4%0.0%₹77.75 Cr11.3%
Mahindra Manulife Short Duration Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹75.10 Cr9.9%
Mahindra Manulife Arbitrage Fund Direct Growth

Low Risk

0.4%0.0%₹103.66 Cr6.7%
Mahindra Manulife Aggressive Hybrid Fund Direct Growth

Very High Risk

0.5%1.0%₹1566.53 Cr14.5%
Mahindra Manulife Balanced Advantage Fund Direct Growth

Very High Risk

0.6%1.0%₹864.15 Cr7.7%

Risk Level

Your principal amount will be at Very High Risk

Very High Risk

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The NAV of Mahindra Manulife Business Cycle Fund Direct Growth, as of 17-Apr-2025, is ₹14.06.
The fund's allocation of assets is distributed as 94.93% in equities, 0.00% in bonds, and 5.07% in cash and cash equivalents.
The fund managers responsible for Mahindra Manulife Business Cycle Fund Direct Growth are:-
  1. Krishna Sanghavi
  2. Renjith Radhakrishnan

Fund Overview

Fund Size

Fund Size

₹1,129 Cr

Expense Ratio

Expense Ratio

0.53%

ISIN

ISIN

INF174V01BQ4

Minimum SIP

Minimum SIP

₹1,000

Exit Load

Exit Load

1.00%

Inception Date

Inception Date

13 Sep 2023

Risk Level

Your principal amount will be at Very High Risk

Very High Risk

About this fund

Mahindra Manulife Business Cycle Fund Direct Growth is a Equity - Other mutual fund schemes offered by Mahindra Manulife Mutual Fund. This fund has been in existence for 1 years, 7 months and 6 days, having been launched on 13-Sep-23.
As of 17-Apr-25, it has a Net Asset Value (NAV) of ₹14.06, Assets Under Management (AUM) of 1128.52 Crores, and an expense ratio of 0.53%.
  • Mahindra Manulife Business Cycle Fund Direct Growth has given a CAGR return of 23.68% since inception.
  • The fund's asset allocation comprises around 94.93% in equities, 0.00% in debts, and 5.07% in cash & cash equivalents.
  • You can start investing in Mahindra Manulife Business Cycle 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

+7.27%

(Cat Avg.)

Since Inception

+23.68%

(Cat Avg.)

Portfolio Summaryas of 31st March 2025

Equity1,071.3 Cr94.93%
Others57.21 Cr5.07%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
Reliance Industries LtdEquity57.87 Cr5.13%
HDFC Bank LtdEquity57.59 Cr5.10%
Net Receivables / (Payables)Cash57.21 Cr5.07%
State Bank of IndiaEquity47.06 Cr4.17%
Axis Bank LtdEquity35.82 Cr3.17%
ITC LtdEquity32.78 Cr2.90%
Indus Towers Ltd Ordinary SharesEquity26.99 Cr2.39%
Bajaj Finance LtdEquity26.84 Cr2.38%
Tata Consultancy Services LtdEquity26.41 Cr2.34%
Hindustan Unilever LtdEquity26.2 Cr2.32%
Grasim Industries LtdEquity23.5 Cr2.08%
Divi's Laboratories LtdEquity23.39 Cr2.07%
Coal India LtdEquity23.22 Cr2.06%
NTPC LtdEquity22.29 Cr1.98%
Sun Pharmaceuticals Industries LtdEquity22.2 Cr1.97%
Tata Steel LtdEquity21.47 Cr1.90%
Maruti Suzuki India LtdEquity20.74 Cr1.84%
Oil & Natural Gas Corp LtdEquity20.2 Cr1.79%
CESC LtdEquity17.69 Cr1.57%
GAIL (India) LtdEquity17.48 Cr1.55%
Manappuram Finance LtdEquity17.46 Cr1.55%
Jio Financial Services LtdEquity17.06 Cr1.51%
Piramal Enterprises LtdEquity16.39 Cr1.45%
Sarda Energy & Minerals LtdEquity16.04 Cr1.42%
Trent LtdEquity15.98 Cr1.42%
APL Apollo Tubes LtdEquity15.79 Cr1.40%
Balrampur Chini Mills LtdEquity15.6 Cr1.38%
Punjab National BankEquity14.87 Cr1.32%
Bank of BarodaEquity14.85 Cr1.32%
Hindustan Petroleum Corp LtdEquity14.41 Cr1.28%
Tech Mahindra LtdEquity14.35 Cr1.27%
Hero MotoCorp LtdEquity14.15 Cr1.25%
Hindalco Industries LtdEquity13.79 Cr1.22%
Ceat LtdEquity13.02 Cr1.15%
Kirloskar Brothers LtdEquity12.89 Cr1.14%
Wipro LtdEquity12.75 Cr1.13%
Coromandel International LtdEquity12.69 Cr1.12%
Triveni Engineering & Industries LtdEquity12.68 Cr1.12%
LMW LtdEquity12.27 Cr1.09%
Asahi India Glass LtdEquity11.87 Cr1.05%
AWL Agri Business LtdEquity11.62 Cr1.03%
Godrej Consumer Products LtdEquity11.59 Cr1.03%
National Aluminium Co LtdEquity11.41 Cr1.01%
Piramal Pharma LtdEquity11.25 Cr1.00%
Bata India LtdEquity11.22 Cr0.99%
Emcure Pharmaceuticals LtdEquity10.72 Cr0.95%
GlaxoSmithKline Pharmaceuticals LtdEquity10.08 Cr0.89%
S.P. Apparels LtdEquity9.75 Cr0.86%
Aditya Birla Real Estate LtdEquity9.71 Cr0.86%
Technocraft Industries (India) LtdEquity9.68 Cr0.86%
Bajaj Auto LtdEquity9.06 Cr0.80%
Bharat Bijlee LtdEquity8.76 Cr0.78%
Bandhan Bank LtdEquity8.63 Cr0.76%
Anant Raj LtdEquity8.6 Cr0.76%
ISGEC Heavy Engineering LtdEquity8.33 Cr0.74%
Power Finance Corp LtdEquity8.22 Cr0.73%
Carborundum Universal LtdEquity8.06 Cr0.71%
NOCIL LtdEquity7.44 Cr0.66%
RBL Bank LtdEquity7.42 Cr0.66%
Kirloskar Ferrous Industries LtdEquity6.88 Cr0.61%
Archean Chemical Industries LtdEquity6.84 Cr0.61%
Afcons Infrastructure LtdEquity6.8 Cr0.60%
Restaurant Brands Asia Ltd Ordinary SharesEquity6.75 Cr0.60%
VIP Industries LtdEquity6.51 Cr0.58%
Emami LtdEquity5.95 Cr0.53%
D B Corp LtdEquity4.9 Cr0.43%
Sanghvi Movers LtdEquity4.88 Cr0.43%
ITC Hotels LtdEquity1.58 Cr0.14%

Allocation By Market Cap (Equity)

Large Cap Stocks

60.14%

Mid Cap Stocks

6.74%

Small Cap Stocks

27.91%

Other Allocation

Equity Sector

Debt & Others

SectorAmount sortHoldings sort
Financial Services272.2 Cr24.12%
Basic Materials138.66 Cr12.29%
Consumer Cyclical120.63 Cr10.69%
Consumer Defensive116.43 Cr10.32%
Energy115.71 Cr10.25%
Industrials78.55 Cr6.96%
Healthcare77.65 Cr6.88%
Utilities57.46 Cr5.09%
Technology53.51 Cr4.74%
Communication Services31.89 Cr2.83%
Real Estate8.6 Cr0.76%

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

Krishna Sanghavi

Krishna Sanghavi

Since September 2023

RR

Renjith Radhakrishnan

Since September 2023

Additional Scheme Detailsas of 31st March 2025

ISIN
INF174V01BQ4
Expense Ratio
0.53%
Exit Load
1.00%
Fund Size
₹1,129 Cr
Age
1 year 7 months
Lumpsum Minimum
₹1,000
Fund Status
Open Ended Investment Company
Benchmark
Nifty 500 TRI

Investment ObjectiveInvestment 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

iconCapital Gains Taxation:

iconDividend Taxation:

info icon

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 nameExpense RatioExit LoadFund size
1Y
Motilal Oswal Nifty Capital Market ETF

Very High Risk

0.3%-₹5.38 Cr-
Mirae Asset BSE Select IPO ETF

Very High Risk

--₹14.61 Cr-
Motilal Oswal Active Momentum Fund Direct Growth

Very High Risk

2.6%1.0%₹46.20 Cr-
Motilal Oswal Active Momentum Fund Regular Growth

Very High Risk

2.7%1.0%₹46.20 Cr-
Nippon India Active Momentum Fund Regular Growth

Very High Risk

-1.0%₹130.97 Cr-
Nippon India Active Momentum Fund Direct Growth

Very High Risk

-1.0%₹130.97 Cr-
Groww Nifty 200 ETF

Very High Risk

0.3%-₹13.49 Cr-
Invesco India Business Cycle Fund Direct Growth

Very High Risk

0.6%0.0%₹267.72 Cr-
Invesco India Business Cycle Fund Regular Growth

Very High Risk

2.3%0.0%₹267.72 Cr-
Kotak MSCI India ETF

Very High Risk

0.4%-₹1018.03 Cr-

About the AMC

Mahindra Manulife Mutual Fund

Mahindra Manulife Mutual Fund

Total AUM

₹16,346 Cr

Address

570 P. B. Marg, Worli, Mumbai 400018, Mumbai, 400018

Other Funds by Mahindra Manulife Mutual Fund

Fund nameExpense RatioExit LoadFund size
1Y
Mahindra Manulife Business Cycle Fund Direct Growth

Very High Risk

0.5%1.0%₹1128.52 Cr7.3%
Mahindra Manulife Large Cap Fund Direct Growth

Very High Risk

0.7%1.0%₹610.68 Cr11.1%
Mahindra Manulife Liquid Fund Direct Growth

Moderate Risk

0.1%0.0%₹1025.78 Cr7.4%
Mahindra Manulife ELSS Fund Direct Growth

Very High Risk

0.6%0.0%₹895.31 Cr8.6%
Mahindra Manulife Overnight Fund Direct Growth

Low Risk

0.1%0.0%₹265.10 Cr6.6%
Mahindra Manulife Asia Pacific REITs FOF Direct Growth

Very High Risk

0.4%1.0%₹23.82 Cr9.8%
Mahindra Manulife Equity Savings Fund Direct Growth

Moderately High risk

0.7%1.0%₹557.01 Cr7.3%
Mahindra Manulife Dynamic Bond Fund Direct Growth

Moderate Risk

0.4%0.0%₹77.75 Cr11.3%
Mahindra Manulife Short Duration Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹75.10 Cr9.9%
Mahindra Manulife Arbitrage Fund Direct Growth

Low Risk

0.4%0.0%₹103.66 Cr6.7%
Mahindra Manulife Aggressive Hybrid Fund Direct Growth

Very High Risk

0.5%1.0%₹1566.53 Cr14.5%
Mahindra Manulife Balanced Advantage Fund Direct Growth

Very High Risk

0.6%1.0%₹864.15 Cr7.7%

Still got questions?
We're here to help.

The NAV of Mahindra Manulife Business Cycle Fund Direct Growth, as of 17-Apr-2025, is ₹14.06.
The fund's allocation of assets is distributed as 94.93% in equities, 0.00% in bonds, and 5.07% in cash and cash equivalents.
The fund managers responsible for Mahindra Manulife Business Cycle Fund Direct Growth are:-
  1. Krishna Sanghavi
  2. Renjith Radhakrishnan
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