
Mahindra Manulife Banking & Financial Services Fund Direct Growth
Mahindra Manulife Banking & Financial Services Fund Direct Growth
as on 12 Nov 2026
Mahindra Manulife Banking & Financial Services Fund Direct Growth is a Equity mutual fund scheme launched on 18 Jul 2025. The current NAV stands at ₹11.5398 as of 12 Nov 2026. From the funds total AUM, its top holdings include ICICI Bank at 13.01%, HDFC Bank at 8.93%, Axis Bank at 8.79%, State Bank of India at 5.76%, Shriram Finance at 4.93%
Scheme Overview
- Inception Date : 18 Jul 2025
- AUM : ₹418.69 Cr
- 1Y Returns (CAGR) : 7.86%
- Expense Ratio : 1.16%
- Min. SIP : ₹500
- Min. Lumpsum : ₹1,000
Returns Calculator
basis annualised returns
Investment Type
SIP Amount
Investment Period
1Y
₹ 6.10 L
3.50%
₹ 6.27 L
8.00%
₹ 6.26 L
7.86%
Total Investment
₹ 6,00,000
Returns
₹ 26,169 (7.86%)
Maturity Value
₹ 6,26,169
Disclaimer: Fixed deposits offer guaranteed returns. Mutual fund investments carry market risks; read all scheme-related documents carefully. Past performance does not guarantee future returns.
Direct vs Regular Returns
Sorry, No Data Available at this Moment!
Returns vs Category
Sorry, No Data Available at this Moment!
*The above returns are absolute
Returns Vs Nifty 50
Historical Returns
Sorry, No Data Available at this Moment!
Start SIP with as Low as ₹100.
Historical NAV
Sorry, No Data Available at this Moment!
Asset Allocation
AUM
₹ 418.69 Cr
Cash Holding
-
Equity
-
Cash
-
Debt
-
Other
-
Asset Allocation
AUM
₹418.69 Cr
Cash Holding
-
Equity
-
Cash
-
Debt
-
Other
-
Sector Holdings
as of 31 May 2026
| Sectors | Allocation | Weightage | Value (in Cr.) |
|---|---|---|---|
| Financial Services | 97.53% | ||
| Other | 2.47% |
Stock Holdings
as of 31 May 2026
| Name | Allocation | Weightage |
|---|---|---|
![]() I ICICI Bank | 13.01% | |
![]() H HDFC Bank | 8.93% | |
![]() A Axis Bank | 8.79% | |
![]() S State Bank of India | 5.76% | |
![]() S Shriram Finance | 4.93% | |
![]() A Aditya Birla Capital | 4.28% | |
![]() B Bajaj Finance | 3.74% | |
![]() L L&T Finance | 3.55% | |
![]() M Max Financial Services | 3.28% | |
![]() S SBI Life Insurance | 3.21% | |
![]() U Ujjivan Small Finance Bank | 3.14% | |
![]() K Kotak Bank | 3.10% | |
![]() K Karur Vysya Bank | 3.09% | |
![]() I ICICI Prudential Asset Management | 2.98% | |
![]() E Equitas Small Finance Bank | 2.88% | |
![]() P PB FinTech | 2.75% | |
![]() N Nippon Life India AMC | 2.57% | |
![]() B Bandhan Bank | 2.28% | |
![]() T Triparty Repo | 2.16% | |
![]() C Cholamandalam Investment | 1.99% | |
![]() T Tata Capital | 1.87% | |
![]() B BSE | 1.73% | |
![]() A Angel One | 1.68% | |
![]() F Fedbank Financial Services | 1.57% | |
![]() 3 360 One WAM | 1.55% | |
![]() P PNB Housing Finance | 1.20% | |
![]() D DCB Bank | 0.93% | |
![]() I Indian Bank | 0.91% | |
![]() M MCX | 0.87% | |
![]() R Repco Home Finance | 0.55% | |
![]() B Bank of Maharashtra | 0.42% | |
![]() M Margin Placed With Ccil & Arcl | 0.16% | |
![]() N Net Receivables / (Payables) | 0.14% | |
![]() P Prudent Corporate Advisory Services | 0.00% | |
![]() I IDFC First Bank | 0.00% |
Fund Comparison
Fund Details
52W High NAV
₹ 11.3180
Min. SIP Amount
₹ 500.00
Min. Lumpsum Amount
₹ 1,000.00
AUM (in Cr.)
₹ 418.69
Expense Ratio
1.16%
Lock-in Period
No Lock in Period
52W Low NAV
₹ 9.4087
Inception Date
18 Jul 2025
Fund Age
1 Yrs
Benchmark
Nifty Financial Services TRI
Scheme Type
Open Ended
Stamp Duty
0.005% (from July 1st 2020)
Exit Load
- Exit load of 0.50%, if redeemed within 3 months.
Tax Implication
- If you redeem within 1 year, STCG are taxed at 20%; If you redeem after 1 year, and returns exceed ₹1.25 Lakhs in a financial year, LTCG are taxed at 12.5%
Fund Managers
| Name | Qualification |
|---|---|
| Vishal Jajoo | C.A., PGDM (Finance), MBA (Investments) |
| Chetan Gindodia | CA, CFA, BCOM |
Fund Objective
The objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity related securities of companies engaged in the banking and financial services activities. However, there is no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee/indicate any returns
Risk-O-Meter
Investors understand that their principal will be at
Very High Risk
Risk Scale
Low
Moderately Low
Moderate
Moderately High
High
Very High
AMC Information
Mahindra Manulife Mutual Fund
No. of Schemes
26
Total AUM
₹ 36,806.13 Cr
Contact Details
No. 204, 2nd Floor, Amiti Building,Piramal Agastya Corporate ParkLBS Road, Kurla(w), Mumbai 400070
Contact Details
No. 204, 2nd Floor, Amiti Building,Piramal Agastya Corporate ParkLBS Road, Kurla(w), Mumbai 400070
FAQs
When was Mahindra Manulife Banking & Financial Services Fund launched?
What is the current NAV of Mahindra Manulife Banking & Financial Services Fund?
What is the AUM of Mahindra Manulife Banking & Financial Services Fund?
What is the rate of return of Mahindra Manulife Banking & Financial Services Fund?
- In the past 1Y: 7.86%
- In the past 3Y: 0.00%
- In the past 5Y: 0.00%
What is the expense ratio of Mahindra Manulife Banking & Financial Services Fund?
What is exit load of Mahindra Manulife Banking & Financial Services Fund?
What is the portfolio of Mahindra Manulife Banking & Financial Services Fund?
- ICICI Bank: 13.01%
- HDFC Bank: 8.93%
- Axis Bank: 8.79%
- State Bank of India: 5.76%
- Shriram Finance: 4.93%
Top 3 sectoral holdings include:
- Financial Services: 97.53%
- Others: 2.47%
How risky is investing in Mahindra Manulife Banking & Financial Services Fund?
Who is the fund manager Mahindra Manulife Banking & Financial Services Fund?
What is the minimum investment required in Mahindra Manulife Banking & Financial Services Fund?
How to invest in Mahindra Manulife Banking & Financial Services Fund directly?
- Open Demat Account on Dhan if you don't have one.
- Analyze the fund performance.
- Invest via SIP or Lumpsum.

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