Mahindra Manulife Business Cycle Fund Direct Growth

Fund Overview

Fund Size

₹1,145 Cr

Expense Ratio

0.49%

ISIN

INF174V01BQ4

Minimum SIP

₹1,000

Exit Load

1.00%

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, 5 months and 9 days, having been launched on 13-Sep-23.
As of 21-Feb-25, it has a Net Asset Value (NAV) of ₹13.53, Assets Under Management (AUM) of 1144.52 Crores, and an expense ratio of 0.49%.

Mahindra Manulife Business Cycle Fund Direct Growth has given a CAGR return of 23.11% since inception.
The fund's asset allocation comprises around 98.77% in equities, 0.00% in debts, and 1.23% 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

+7.02%

— (Cat Avg.)

Since Inception

+23.11%

— (Cat Avg.)

Portfolio Summaryas of 31st January 2025

Equity	₹1,130.43 Cr	98.77%
Others	₹14.09 Cr	1.23%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
HDFC Bank Ltd	Equity	₹78.99 Cr	6.90%
Reliance Industries Ltd	Equity	₹57.42 Cr	5.02%
State Bank of India	Equity	₹47.15 Cr	4.12%
ITC Ltd	Equity	₹35.8 Cr	3.13%
Tata Consultancy Services Ltd	Equity	₹30.12 Cr	2.63%
Hindustan Unilever Ltd	Equity	₹28.64 Cr	2.50%
ICICI Bank Ltd	Equity	₹28.19 Cr	2.46%
Indus Towers Ltd Ordinary Shares	Equity	₹28.03 Cr	2.45%
IndusInd Bank Ltd	Equity	₹26.27 Cr	2.29%
Bajaj Finance Ltd	Equity	₹23.66 Cr	2.07%
Coal India Ltd	Equity	₹23.09 Cr	2.02%
Divi's Laboratories Ltd	Equity	₹22.59 Cr	1.97%
Grasim Industries Ltd	Equity	₹22.58 Cr	1.97%
Sarda Energy & Minerals Ltd	Equity	₹22.34 Cr	1.95%
Sun Pharmaceuticals Industries Ltd	Equity	₹22.32 Cr	1.95%
Maruti Suzuki India Ltd	Equity	₹22.16 Cr	1.94%
Oil & Natural Gas Corp Ltd	Equity	₹21.53 Cr	1.88%
NTPC Ltd	Equity	₹20.2 Cr	1.76%
Tata Steel Ltd	Equity	₹18.74 Cr	1.64%
Jio Financial Services Ltd	Equity	₹18.12 Cr	1.58%
Trent Ltd	Equity	₹17.26 Cr	1.51%
Piramal Enterprises Ltd	Equity	₹16.97 Cr	1.48%
Tech Mahindra Ltd	Equity	₹16.95 Cr	1.48%
GAIL (India) Ltd	Equity	₹16.92 Cr	1.48%
Hero MotoCorp Ltd	Equity	₹16.49 Cr	1.44%
CESC Ltd	Equity	₹16.44 Cr	1.44%
Punjab National Bank	Equity	₹15.65 Cr	1.37%
APL Apollo Tubes Ltd	Equity	₹15.63 Cr	1.37%
Wipro Ltd	Equity	₹15.16 Cr	1.32%
Hindustan Petroleum Corp Ltd	Equity	₹14.33 Cr	1.25%
Net Receivables / (Payables)	Cash	₹14.09 Cr	1.23%
Kirloskar Brothers Ltd	Equity	₹13.98 Cr	1.22%
Balrampur Chini Mills Ltd	Equity	₹13.89 Cr	1.21%
Bank of Baroda	Equity	₹13.87 Cr	1.21%
Asahi India Glass Ltd	Equity	₹13.34 Cr	1.17%
National Aluminium Co Ltd	Equity	₹13.15 Cr	1.15%
Ceat Ltd	Equity	₹12.92 Cr	1.13%
Triveni Engineering & Industries Ltd	Equity	₹12.64 Cr	1.10%
Emcure Pharmaceuticals Ltd	Equity	₹12.29 Cr	1.07%
LMW Ltd	Equity	₹12.02 Cr	1.05%
Hindalco Industries Ltd	Equity	₹12 Cr	1.05%
Adani Wilmar Ltd	Equity	₹12 Cr	1.05%
Bata India Ltd	Equity	₹11.93 Cr	1.04%
S.P. Apparels Ltd	Equity	₹11.79 Cr	1.03%
Piramal Pharma Ltd	Equity	₹11.66 Cr	1.02%
Coromandel International Ltd	Equity	₹11.58 Cr	1.01%
Godrej Consumer Products Ltd	Equity	₹11.21 Cr	0.98%
Aditya Birla Real Estate Ltd	Equity	₹10.67 Cr	0.93%
Anant Raj Ltd	Equity	₹10.47 Cr	0.91%
Bajaj Auto Ltd	Equity	₹10.18 Cr	0.89%
NOCIL Ltd	Equity	₹9.91 Cr	0.87%
Bharat Bijlee Ltd	Equity	₹9.86 Cr	0.86%
Technocraft Industries (India) Ltd	Equity	₹9.83 Cr	0.86%
Carborundum Universal Ltd	Equity	₹9.43 Cr	0.82%
ISGEC Heavy Engineering Ltd	Equity	₹9.19 Cr	0.80%
Bandhan Bank Ltd	Equity	₹8.93 Cr	0.78%
VIP Industries Ltd	Equity	₹8.66 Cr	0.76%
Power Finance Corp Ltd	Equity	₹8.38 Cr	0.73%
Kirloskar Ferrous Industries Ltd	Equity	₹8.32 Cr	0.73%
Restaurant Brands Asia Ltd Ordinary Shares	Equity	₹8.11 Cr	0.71%
Archean Chemical Industries Ltd	Equity	₹7.73 Cr	0.68%
RBL Bank Ltd	Equity	₹7.04 Cr	0.62%
GlaxoSmithKline Pharmaceuticals Ltd	Equity	₹6.92 Cr	0.60%
Afcons Infrastructure Ltd	Equity	₹6.6 Cr	0.58%
Emami Ltd	Equity	₹6.05 Cr	0.53%
D B Corp Ltd	Equity	₹5.78 Cr	0.51%
Sanghvi Movers Ltd	Equity	₹5.05 Cr	0.44%
MOIL Ltd	Equity	₹2.05 Cr	0.18%
ITC Hotels Ltd	Equity	₹1.3 Cr	0.11%

Allocation By Market Cap (Equity)

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Financial Services	₹293.22 Cr	25.62%
Basic Materials	₹146.37 Cr	12.79%
Consumer Cyclical	₹134.13 Cr	11.72%
Consumer Defensive	₹120.23 Cr	10.50%
Energy	₹116.37 Cr	10.17%
Industrials	₹84.28 Cr	7.36%
Healthcare	₹75.77 Cr	6.62%
Technology	₹62.22 Cr	5.44%
Utilities	₹53.55 Cr	4.68%
Communication Services	₹33.81 Cr	2.95%
Real Estate	₹10.47 Cr	0.91%

Risk & Performance Ratios

Fund Managers

Krishna Sanghavi

Since September 2023

Renjith Radhakrishnan

Since September 2023

Additional Scheme Detailsas of 31st January 2025

ISIN

INF174V01BQ4

Expense Ratio

0.49%

Exit Load

1.00%

Fund Size

₹1,145 Cr

Age

1 year 5 months

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 Equity Minimum Variance Fund Direct Growth Very High Risk	0.4%	0.0%	₹214.12 Cr	-0.6%
SBI Equity Minimum Variance Fund Regular Growth Very High Risk	0.8%	0.0%	₹214.12 Cr	-1.0%
Bandhan Transportation and Logistics Fund Direct Growth Very High Risk	0.9%	0.0%	₹524.52 Cr	3.1%
Bandhan Transportation and Logistics Fund Regular Growth Very High Risk	2.4%	0.0%	₹524.52 Cr	1.5%
ICICI Prudential Transportation and Logistics Fund Direct Growth Very High Risk	0.7%	1.0%	₹3040.04 Cr	9.6%
ICICI Prudential Transportation and Logistics Fund Regular Growth Very High Risk	1.9%	1.0%	₹3040.04 Cr	8.3%
HDFC NIFTY200 Momentum 30 ETF Very High Risk	0.3%	-	₹11.35 Cr	63.0%
HDFC NIFTY100 Low Volatility 30 ETF Very High Risk	0.3%	-	₹5.95 Cr	34.7%
ICICI Prudential Nifty 200 Momentum 30 ETF Very High Risk	0.3%	-	₹411.67 Cr	-5.0%
DSP Nifty Midcap 150 Quality 50 ETF Very High Risk	0.3%	-	₹93.15 Cr	4.3%

About the AMC

Mahindra Manulife Mutual Fund

022-66327900

https://www.mahindramanulife.com/

Total AUM

₹17,765 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 Business Cycle Fund Direct Growth Very High Risk	0.5%	1.0%	₹1144.52 Cr	7.0%
Mahindra Manulife Large Cap Fund Direct Growth Very High Risk	0.7%	1.0%	₹586.71 Cr	7.1%
Mahindra Manulife Liquid Fund Direct Growth Moderate Risk	0.1%	0.0%	₹1227.25 Cr	7.4%
Mahindra Manulife ELSS Fund Direct Growth Very High Risk	0.6%	0.0%	₹895.53 Cr	5.1%
Mahindra Manulife Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹214.14 Cr	6.7%
Mahindra Manulife Asia Pacific REITs FOF Direct Growth Very High Risk	0.5%	1.0%	₹21.55 Cr	2.0%
Mahindra Manulife Equity Savings Fund Direct Growth Moderate Risk	0.7%	1.0%	₹564.05 Cr	6.1%
Mahindra Manulife Dynamic Bond Fund Direct Growth Moderate Risk	0.4%	0.0%	₹79.26 Cr	8.1%
Mahindra Manulife Short Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹66.39 Cr	8.5%
Mahindra Manulife Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹108.11 Cr	6.7%
Mahindra Manulife Aggressive Hybrid Fund Direct Growth Very High Risk	0.5%	1.0%	₹1523.64 Cr	11.6%
Mahindra Manulife Balanced Advantage Fund Direct Growth Very High Risk	0.6%	1.0%	₹880.38 Cr	4.3%

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 Business Cycle Fund Direct Growth?

The NAV of Mahindra Manulife Business Cycle Fund Direct Growth, as of 21-Feb-2025, is ₹13.53.

What is the portfolio composition of Mahindra Manulife Business Cycle Fund Direct Growth?

The fund's allocation of assets is distributed as 98.77% in equities, 0.00% in bonds, and 1.23% in cash and cash equivalents.

Who manages the Mahindra Manulife Business Cycle Fund Direct Growth?

The fund managers responsible for Mahindra Manulife Business Cycle Fund Direct Growth are:-

Krishna Sanghavi
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.

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Fund Overview

Fund Size

₹1,145 Cr

Expense Ratio

0.49%

ISIN

INF174V01BQ4

Minimum SIP

₹1,000

Exit Load

1.00%

Inception Date

13 Sep 2023

Risk Level

Your principal amount will be at Very High Risk