Mahindra Manulife Focused Fund Regular IDCW NAV today
AMFI: 148566ISIN: INF174V01AF9MUTF_IN: MAHI_MANU_FOCU_1HAK8MBMahindra Manulife Mutual FundFocused funds
Formerly Mahindra Manulife Focused Equity Yojana
NAV ₹16.1833
NAV for 23 Oct 2026. Declared once a day.
- Fund sizeAssets under management. The money the fund manages for all its investors, across every plan, at the end of the month.
- ₹1,930 CrSep 2026
- Expense ratioTotal expense ratio. What the fund charges each year as a share of the money invested, taken out of the NAV every day, so the returns shown are already after it.
- 2.32%16 Oct 2026
- Exit loadExit load. A charge, as a share of the amount redeemed, on units sold before a set period has passed since they were bought.
- 1%if sold within 3 months
- P/EP/E. What the fund pays for each rupee of yearly profit its companies earn: the total value of its shares divided by those companies' last four quarters of profit, each in proportion to what the fund holds. The profit leaves out one-off items (exceptional items and businesses sold or demerged), so one company's one-off gain cannot make the fund look cheap. A loss-making company lowers the profit. Shown when at least 80% of the fund's shares are counted.
- 28.230 Sep 2026
- Risk levelRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month.
- Very HighAug 2026
- HoldingsHoldings. The number of different securities in the fund's latest monthly portfolio: shares, bonds, money market paper and units of other funds, not cash, overnight lending or futures.
- 3030 Sep 2026
- LaunchedLaunch date. The day the fund first allotted units to investors, at the close of its new fund offer.
- 17 Nov 2020
Mahindra Manulife Focused Fund returns
Read from the regular plan's growth option: an IDCW plan's NAV falls by every payout, so it carries no return of its own
Over each window to 23 Oct 2026
| Over | ReturnTrailing return. The change in NAV from the start date to the latest NAV; over a year and longer, the yearly rate that would compound to the same change (CAGR). | BenchmarkBenchmark. The index the fund house chose to measure the fund against, in its total return form, with dividends added back. | Rank in categoryRank in category. The fund's place among the funds of its category with a return over the same window, highest return first. | Category medianCategory median. The middle return of the funds in the category over the same window: half returned more, half less. | Middle halfMiddle half of the category. The returns of the fund a quarter of the way down the category and the fund a quarter of the way up, over the same window: half the category's funds returned between the two. |
|---|---|---|---|---|---|
| 1 week | −3.12% | −3.77% | – | – | – |
| 1 month | −6.42% | −6.54% | 13 of 28 | −6.68% | −8.5% to −6.0% |
| 3 months | −7.89% | −6.53% | 25 of 28 | −5.38% | −7.1% to −4.1% |
| 6 months | −7.73% | −5.44% | 25 of 28 | −3.26% | −5.4% to −0.2% |
| 1 year | −10.57% | −8.97% | 22 of 28 | −6.82% | −10.1% to −4.1% |
| 3 years | +10.04% | +9.29% | 13 of 27 | +9.95% | +7.6% to +11.6% |
| 5 years | +9.51% | +7.90% | 4 of 25 | +8.16% | +6.8% to +8.8% |
| 10 years | Needs 10 years | – | – | +11.31% | +10.9% to +12.6% |
₹10,000 put in on 19 Nov 2020 is ₹24,370 at the NAV of 23 Oct 2026Growth of ₹10,000. What ₹10,000 put in at the NAV of the first day would be worth at the latest NAV, after the fund's expenses and before tax and any exit load.Over a year and longer, a return is the yearly rate. Benchmark: Nifty 500 TRI, over the same days as the fund. Rank, median and middle half among the Regular plans of Focused funds, each fund's return to its latest NAV on or before 25 Oct 2026.
At the month end, 30 Sep 2026
| Over | FundTrailing return. The change in NAV from the start date to the latest NAV; over a year and longer, the yearly rate that would compound to the same change (CAGR). | BenchmarkBenchmark return. The change in the benchmark index's total return level over the same dates as the fund's return, as a yearly rate over a year and longer. |
|---|---|---|
| 1 year | −3.71% | −2.03% |
| 3 years | +9.86% | +9.50% |
| 5 years | +10.53% | +9.04% |
| Since launch | +16.97% | +14.59% |
Benchmark: Nifty 500 TRI. Both as the fund house states them for the month.
Return in each calendar year
- Fund, Regular GrowthCalendar year return. The change in NAV from the last NAV of one year to the last NAV of the next.
- Nifty 500 TRIBenchmark return. The change in the benchmark index's total return level over the same dates as the fund's return, as a yearly rate over a year and longer.
Highest year to Dec 2021, +39.2%; lowest year to Dec 2025, +7.2%Above the benchmark in 4 of 5 years
Mahindra Manulife Focused Fund SIP returns
₹10,000 on the 1st of every month, valued at the NAV of 23 Oct 2026
| Period | InvestedAmount invested. ₹10,000 on the 1st of every month, or the next day the fund priced, added up over the period. | Value todayValue today. What the units bought by every instalment are worth at the latest NAV. | Invested against value today | SIP returnSIP return (XIRR). The yearly rate that, applied to each monthly instalment from the day it was invested, gives the value of all the units today. | After stamp dutySIP return after stamp duty. The same SIP return with stamp duty of 0.005% taken from every instalment since 1 Jul 2020, so ₹10,000 buys ₹9,999.50 of units. | Stamp dutyStamp duty paid. The stamp duty on all the instalments, in rupees: 0.005% of each purchase made since 1 Jul 2020. |
|---|---|---|---|---|---|---|
| 1 year12 instalments | ₹1,20,000 | ₹1,10,160₹1,10,154 after stamp duty | −15.45% | −15.46% | ₹6 | |
| 3 years36 instalments | ₹3,60,000 | ₹3,48,193₹3,48,175 after stamp duty | −2.19% | −2.19% | ₹18 | |
| 5 years60 instalments | ₹6,00,000 | ₹7,17,210₹7,17,174 after stamp duty | +7.13% | +7.13% | ₹30 | |
| Since Nov 202071 instalments | ₹7,10,000 | ₹9,32,486₹9,32,440 after stamp duty | +9.18% | +9.17% | ₹36 |
10 years: Launched 17 Nov 2020, needs 10 years of history.
From the Regular Growth plan's NAV, since an IDCW plan's NAV falls by each payout.
Rolling returns
Per cent a year, every window from 19 Nov 2020 to 23 Oct 2026
Lowest to highestAverage
LowestLowest rolling return. The worst yearly return of any window of this length in the fund's history, one window starting on each day it priced.AverageAverage rolling return. The average of the yearly returns of every window of this length in the fund's history.HighestHighest rolling return. The best yearly return of any window of this length in the fund's history.Ended higherWindows that ended higher. The share of all the windows of this length in which the NAV ended above where it started.
1 year1,214 windows−10.6%+17.1%+54.3%89.0%
3 years721 windows+8.8%+20.0%+27.2%100.0%
5 yearsLaunched 17 Nov 2020, needs 6 years of history
Every 3-year window ended higher than it started.From the Regular Growth plan's NAV, since an IDCW plan's NAV falls by each payout.
Mahindra Manulife Focused Fund expense ratio and exit load
Per cent of the money invested, a year. Each month shows its last day filed; the parts were redefined from Apr 2026.
- Regular over directDirect and regular plan cost gap. The regular plan's expense ratio less the direct plan's: what buying through a distributor costs each year, since both plans own the same portfolio.
- 1.41 ptsA year, on 16 Oct 2026
- Direct, 30-day averageExpense ratio, 30-day average. The total expense ratio averaged over the last 30 days the fund filed it, which evens out the day-to-day moves in brokerage and levies.
- 0.89%Over the last 30 days filed
- Regular, 30-day averageExpense ratio, 30-day average. The total expense ratio averaged over the last 30 days the fund filed it, which evens out the day-to-day moves in brokerage and levies.
- 2.30%Over the last 30 days filed
Total expense ratio, month by month
- Regular plan
- Direct plan
Direct plan at its highest since Nov 2020 in the latest month.Direct plan lowest 0.20%, Jan 2022.
What the expense ratio is made of
| Part | Direct | Regular |
|---|---|---|
| Base expense ratioBase expense ratio. The part of the expense ratio that pays the fund house and the distributor, before brokerage, transaction costs, levies and GST. | 0.55% | 1.77% |
| Brokerage | 0.09% | 0.09% |
| Transaction costs | None | None |
| Statutory levies | 0.27% | 0.46% |
Per cent of assets a year, filed for 16 Oct 2026. The parts add up to that day's total.
Exit load, in the fund house's words
An Exit Load of 1% is payable if Units are redeemed / switched-out upto 3 months from the date of allotment; Nil if Units are redeemed / switched-out after 3 months from the date of allotment.
Buying and selling
- Lump-sum purchases
- Accepted
- Minimum investmentMinimum investment. The smallest amount the plan accepts for a first purchase.
- ₹1,000
- Minimum top-up
- ₹1,000
- Minimum redemption
- ₹1,000
- SIP
- Accepted
- STP, transfers to another fund
- Not accepted
- SWP, regular withdrawals
- Not accepted
- Switches
- Accepted
- Lock-inLock-in. The time after each purchase during which those units cannot be sold.
- None
- SIP minimum
- WeeklyMonthly: 500; Quarterly: 1500
- SIP instalments, at least
- WeeklyMonthly - 6, Quarterly - 4
- SIP dates
- Any Date of the month available under Monthly & Quarterly frequencies. Any day of the Week (except Saturday & Sunday) available under Weekly frequency
As listed for this plan on 24 Oct 2026.
Mahindra Manulife Focused Fund AUM
₹ crore, every plan of the fund together.
- Average assetsAverage assets under management. The money the fund managed, averaged over every day of the quarter, added up across its plans.
- ₹2,113 CrQuarter to Sep 2026
- In the direct plansShare of assets in the direct plans. The direct plans' average assets for the quarter as a percentage of the fund's total; the rest is in the regular plans, bought through distributors.
- 19.6%Of the quarter's average
Average assets by quarter, by plan
- Regular plans
- Direct plans
Largest ₹2,205 Cr, quarter to Dec 2025.
Assets at each month end
Highest ₹2,238 Cr, Feb 2026.Lowest ₹446 Cr, Nov 2021.
Mahindra Manulife Focused Fund portfolio
Portfolio disclosed for 30 Sep 2026.
Holdings on 30 Sep 2026
| Large, mid and small cap. Companies ranked by average market value over six months: the first 100 are large cap, the next 150 mid cap, the rest small cap, by the list in force for the portfolio's month. | Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. | Held since. The first month end of the fund's current run of holding this position; marked "or earlier" where that month is the fund's first portfolio on record or the first after a gap in its portfolios. | |||
|---|---|---|---|---|---|
| ICICI BankBanks | Large cap5th | 8.29% | 159.95 | 12,10,212 | Jan 2021or earlier |
| Reliance IndustriesPetroleum Products | Large cap1st | 6.40% | 123.61 | 10,41,335 | Jan 2021or earlier |
| HDFC BankBanks | Large cap2nd | 6.11% | 118.00 | 16,65,000 | Jun 2024 |
| Axis BankBanks | Large cap15th | 5.08% | 98.08 | 8,00,000 | Jun 2026 |
| Larsen & ToubroConstruction | Large cap8th | 4.61% | 88.92 | 2,36,500 | Nov 2024 |
| Grasim IndustriesCement & Cement Products | Large cap44th | 4.59% | 88.61 | 2,89,396 | Jan 2021or earlier |
| State Bank of IndiaBanks | Large cap4th | 4.17% | 80.41 | 8,38,000 | Jan 2021or earlier |
| Bajaj AutoAutomobiles | Large cap31st | 4.06% | 78.29 | 72,000 | Nov 2025 |
| Bajaj FinanceFinance | Large cap7th | 3.86% | 74.55 | 7,77,000 | Jan 2025 |
| Tech MahindraIT - Software | Large cap59th | 3.67% | 70.87 | 4,65,000 | Jun 2022 |
| Adani Ports and Special Economic ZoneTransport Infrastructure | Large cap21st | 3.52% | 67.98 | 3,78,000 | Nov 2025 |
| Avenue SupermartsRetailing | Large cap33rd | 3.35% | 64.62 | 1,70,000 | Jan 2026 |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | Large cap13th | 3.15% | 60.86 | 3,35,000 | Jul 2021or earlier |
| IndusInd BankBanks | Mid cap152nd | 3.15% | 60.84 | 6,75,000 | Jan 2026 |
| Vodafone IdeaTelecom - Services | Large cap83rd | 2.79% | 53.92 | 4,16,40,000 | Feb 2026 |
Weight is per cent of the fund's net assets; value in ₹ crore.
Cash and receivables on 30 Sep 2026
| Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. | ||
|---|---|---|
| Triparty Repo | 2.58% | 49.74 |
| Net Receivables / (Payables) | −0.23% | −4.37 |
| Margin placed with CCIL & ARCL | 0.02% | 0.35 |
Weight is per cent of the fund's net assets; value in ₹ crore.
- Largest holdingLargest holding. The share of the fund in its single largest position, cash and futures not counted as positions.
- 8.29%ICICI Bank
- Top 5 holdingsTop 5 holdings. The share of the fund held in its five largest positions.
- 30.49%
- Top 10 holdingsTop 10 holdings. The share of the fund held in its ten largest positions.
- 50.84%
- Effective holdingsEffective number of holdings. The number of equal-sized positions that would be as concentrated as the fund's actual weights.
- 24.2Taken over 97.63% of the fund
Asset allocation
Asset allocation. What the fund owns, by kind of asset, each as a share of its net assets; futures and options are shown beside it, not in it, since they are contracts rather than assets bought.- Indian shares97.63%
- Cash and receivables2.37%
Per cent of the fund's net assets.
Large, mid and small cap
Large, mid and small cap. Companies ranked by average market value over six months: the first 100 are large cap, the next 150 mid cap, the rest small cap, by the list in force for the portfolio's month.- Large cap79.74%Category 61.82%
- Mid cap14.36%Category 20.05%
- Small cap4.41%Category 16.74%
Per cent of the fund's Indian shares. By the list for the six months to Jun 2026. Shares not on the list: 1.44% of the fund. Category is the average of 28 Focused funds.
Sector allocation
Sector weight. The fund's shares grouped by the business each company is in, less the futures sold on them, each group as a share of the fund's net assets.14sectors
- Financial Services33.78%Category 31.13%
- Healthcare8.32%Category 7.59%
- Construction Materials6.62%Category 0.91%
- Oil Gas & Consumable Fuels6.40%Category 2.97%
- Automobile And Auto Components6.03%Category 7.93%
- Consumer Services5.26%Category 6.26%
- Information Technology5.10%Category 4.44%
- Capital Goods4.70%Category 9.40%
- Construction4.61%Category 2.20%
- Telecommunication4.54%Category 3.59%
- Metals & Mining4.48%Category 2.09%
- Services3.52%Category 3.24%
- Realty2.21%Category 2.22%
- Power2.05%Category 2.81%
Per cent of the fund's net assets, less the futures sold on its shares, Sep 2026. Category is the average of 28 Focused funds. Category average. The sector's weight, less the futures sold on it, averaged over the 28 Focused funds that disclosed a portfolio for Sep 2026. A fund holding none of the sector counts as 0.
Sector allocation month by month
| 13 months | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financial Services8 companies | 33.78% | 33.09% | 34.97% | 34.94% | 30.00% | 29.65% | 28.37% | 32.82% | 34.08% | 31.40% | 31.46% | 31.11% | |
| Healthcare3 companies | 8.32% | 8.03% | 7.51% | 7.53% | 7.50% | 6.98% | 7.60% | 4.95% | 4.70% | 5.10% | 5.29% | 4.78% | |
| Construction Materials2 companies | 6.62% | 6.81% | 6.35% | 6.27% | 6.23% | 5.83% | 5.95% | 6.20% | 6.43% | 6.35% | 6.17% | 6.47% | |
| Oil Gas & Consumable Fuels1 company | 6.40% | 7.66% | 8.21% | 10.62% | 13.51% | 14.30% | 13.44% | 13.31% | 13.47% | 12.98% | 13.28% | 13.31% | |
| Automobile And Auto Components2 companies | 6.03% | 4.60% | 4.26% | 3.09% | 3.70% | 4.64% | 4.53% | 5.12% | 5.26% | 5.56% | 4.34% | 4.71% | |
| Consumer Services2 companies | 5.26% | 5.07% | 5.04% | 5.50% | 4.84% | 5.14% | 4.72% | 4.42% | 4.31% | 1.27% | 1.26% | 1.40% | |
| Information Technology2 companies | 5.10% | 6.15% | 6.84% | 6.39% | 7.14% | 6.02% | 8.10% | 7.44% | 9.60% | 9.18% | 8.99% | 7.87% | |
| Capital Goods2 companies | 4.70% | 4.10% | 1.91% | 1.97% | 1.90% | 1.81% | 1.67% | 1.73% | 0.00% | 0.79% | 1.57% | 1.60% | |
| Construction1 company | 4.61% | 5.11% | 4.86% | 5.02% | 4.99% | 4.85% | 4.61% | 5.09% | 4.87% | 5.11% | 5.09% | 5.09% | |
| Telecommunication2 companies | 4.54% | 4.50% | 4.09% | 5.14% | 6.34% | 5.72% | 5.47% | 5.57% | 5.05% | 4.82% | 4.61% | 4.22% | |
| Metals & Mining2 companies | 4.48% | 2.55% | 2.03% | 1.93% | 2.21% | 2.21% | 2.19% | 2.22% | 2.10% | 3.44% | 3.29% | 3.44% | |
| Services1 company | 3.52% | 4.47% | 4.53% | 4.70% | 3.47% | 3.14% | 2.51% | 2.38% | 2.25% | 3.89% | 4.26% | 2.14% |
Per cent of the fund's net assets, less the futures sold on its shares, at each month end, Oct 2025 to Sep 2026; the line runs from Sep 2025.
Bought and sold
Sep 2026 against Aug 2026, position by position.
Positions changed, month by month
- New
- Added
- Trimmed
- Sold out
- New positionsNew positions. Holdings in this month's portfolio that were not in the month before.
- 35.83% of the fund
- Sold outSold out. Holdings in last month's portfolio that are gone from this one, other than a bond or deposit repaid on its due date.
- 35.84% of the fund before
- Added toAdded to. Holdings with more units than the month before. Where the fund states no units, a weight that rose by more than a tenth.
- 4
- TrimmedTrimmed. Holdings with fewer units than the month before. Where the fund states no units, a weight that fell by more than a tenth.
- 7
- UnchangedUnchanged. Holdings with the same number of units as the month before. Their weight can still move with the price.
- 16
- Traded at leastTraded at least. The smaller of the weight bought in new positions and the weight sold out of old ones, cash left out: the least the fund must have bought and sold in the month.
- 5.83%
- Weight that movedWeight that moved. Half the sum of every position's change in weight between the two month ends, new and sold positions included; price moves alone raise it.
- 11.37%
Changes in Sep 2026
| What changed. New: not held the month before. Added or trimmed: more or fewer units than the month before, or, where no units are stated, a weight that moved by more than a tenth. Sold out: held the month before, gone now. Matured: a bond or deposit whose repayment date fell between the two portfolios, so it was repaid rather than sold (one sold in its last days reads the same). | Change in weight. The holding's weight this month less its weight the month before, in percentage points; a price move alone changes it. | ||||
|---|---|---|---|---|---|
| NTPC | Sold out | – | 2.87% | −2.87 pts | −18,47,000 |
| HDFC Bank | Added | 6.11% | 3.48% | +2.63 pts | +6,30,000 |
| JSW Energy | New | 2.05% | 0.00% | +2.05 pts | +7,99,999 |
| Balkrishna Industries | New | 1.97% | 0.00% | +1.97 pts | +1,79,988 |
| Vedanta Aluminium Metal | New | 1.81% | 0.00% | +1.81 pts | +8,44,038 |
| InterGlobe Aviation | Sold out | – | 1.61% | −1.61 pts | −65,000 |
| Coal India | Sold out | – | 1.36% | −1.36 pts | −7,12,000 |
| Infosys | Trimmed | 1.43% | 2.56% | −1.13 pts | −1,98,000 |
| State Bank of India | Trimmed | 4.17% | 5.22% | −1.05 pts | −2,00,000 |
| ICICI Bank | Trimmed | 8.29% | 9.03% | −0.75 pts | −1,00,000 |
| Bajaj Auto | Trimmed | 4.06% | 4.60% | −0.55 pts | −8,000 |
| Larsen & Toubro | Trimmed | 4.61% | 5.11% | −0.50 pts | −30,000 |
| Bajaj Finance | Trimmed | 3.86% | 4.35% | −0.48 pts | −90,000 |
| Hindustan Aeronautics | Added | 2.42% | 1.95% | +0.47 pts | +14,400 |
| Axis Bank | Added | 5.08% | 4.69% | +0.40 pts | +40,000 |
Weights are per cent of the fund's net assets; a change in weight is in percentage points.
Holdings month by month
| Holding | Oct 25 | Nov 25 | Dec 25 | Jan 26 | Feb 26 | Mar 26 | Apr 26 | May 26 | Jun 26 | Jul 26 | Aug 26 | Sep 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
 ICICI Bank | 5.79%Added | 5.91% | 5.73% | 8.53%Added | 8.56% | 8.66%Added | 8.33% | 9.16%Added | 9.77%Cut | 9.63%Cut | 9.03%Cut | 8.29%Cut |
 Reliance Industries | 6.63% | 6.92% | 6.56%Cut | 5.85%Cut | 5.58%Cut | 6.18%Added | 7.01%Added | 6.56% | 6.37% | 6.54% | 6.31%Cut | 6.40% |
 HDFC Bank | 6.60% | 6.66% | 6.56% | 4.80%Cut | 4.92%Added | 4.51%Added | 4.72%Added | 4.62% | 4.76%Cut | 6.18%Added | 3.48%Cut | 6.11%Added |
 Axis Bank | 3.46%Cut | 3.78%Added | 4.05%Added | 3.10%Cut | 2.97%Cut | Sold out | – | – | 2.94%Bought again | 3.01%Added | 4.69%Added | 5.08%Added |
 Larsen & Toubro | 5.09% | 5.09% | 5.11% | 4.87%Cut | 5.09%Cut | 4.61% | 4.85% | 4.99% | 5.02% | 4.86% | 5.11% | 4.61%Cut |
 Grasim Industries | 4.24% | 3.97% | 4.11% | 4.03%Cut | 3.82%Cut | 3.85% | 3.87% | 4.38% | 4.31% | 4.38% | 4.88% | 4.59%Cut |
 State Bank of India | 6.05% | 5.94%Cut | 5.97% | 6.50%Cut | 5.10%Cut | 3.38%Cut | 4.11%Added | 3.77% | 4.85%Added | 4.93% | 5.22% | 4.17%Cut |
 Bajaj Auto | – | 2.44%Bought | 3.35%Added | 3.48% | 3.43%Cut | 3.34% | 3.49% | 3.70% | 3.09%Cut | 4.26%Added | 4.60% | 4.06%Cut |
 Bajaj Finance | 3.92% | 3.85% | 3.67% | 3.49% | 3.00%Cut | 3.03%Added | 3.26% | 3.20% | 3.51% | 4.05% | 4.35%Added | 3.86%Cut |
 Tech Mahindra | 2.97% | 3.43%Added | 3.61% | 3.99% | 3.06% | 3.45% | 3.37% | 3.44% | 3.23% | 3.86% | 3.59%Cut | 3.67% |
 Adani Ports and Special Economic Zone | – | 2.04%Bought again | 1.98% | 2.25%Added | 2.38% | 2.51%Added | 3.14%Added | 3.47% | 3.11%Cut | 2.97% | 2.86% | 3.52% |
 Avenue Supermarts | – | – | – | 2.84%Bought | 2.92% | 3.32% | 3.53% | 3.17% | 3.39% | 3.08% | 3.14% | 3.35% |
 IndusInd Bank | – | – | – | 2.44%Bought again | 2.56% | 2.23% | 2.49% | 2.52% | 2.52% | 3.16%Added | 3.25% | 3.15% |
 Sun Pharmaceutical Industries | 2.34%Added | 2.71%Added | 2.55% | 2.30%Cut | 2.43%Cut | 2.71% | 2.38%Cut | 2.40% | 2.46% | 2.67% | 3.15%Added | 3.15% |
 Vodafone Idea | – | – | – | – | 1.50%Bought | 1.34% | 2.00%Added | 2.78% | 2.28%Cut | 2.09% | 2.83%Added | 2.79% |
Per cent of the fund's net assets at each month end, Oct 2025 to Sep 2026. Under it, the change on the fund's previous month. "After a gap" is a holding after a month with no portfolio on record, so when it was bought is not known; "Not filed" is one gone across such a gap.
Portfolio turnover, per cent of assets a year
- TurnoverPortfolio turnover. How much of the portfolio the fund bought or sold over the last year, as a share of its assets, as the fund house states it.
Highest 67.0% in Sep 2026
Risk ratios
NAV to 23 Oct 2026
Each bar runs from the lowest to the highest figure among the Regular plans of Focused funds (27 funds) over the same 3 years; the tick is their average and the dot this fund.
How much the NAV moves
Standard deviationStandard deviation. How far the fund's monthly returns spread around their average, stated as a yearly figure: the wider the spread, the more the NAV moves.14.79%
13.35%Lowest15.88%Average19.66%Highest
Downside deviationDownside deviation. Standard deviation counting only the months in which the fund lost money, stated as a yearly figure.9.56%
7.89%Lowest10.36%Average12.64%Highest
Sharpe ratioSharpe ratio. The monthly return above the 91-day Treasury bill yield, divided by its standard deviation and stated for a year: the extra return for each unit of movement in the NAV.0.31
0.04Lowest0.33Average0.70Highest
Sortino ratioSortino ratio. The monthly return above the 91-day Treasury bill yield, divided by how far it fell below that yield and stated for a year: the extra return for each unit of movement on the way down.0.45
0.04Lowest0.47Average1.11Highest
From the Regular Growth plan's NAV, since an IDCW plan's NAV falls by each payout.
Against Nifty 500 TRI
BetaBeta. How much the fund's monthly return moved for each 1% move in its benchmark: 1 moves with it, below 1 moves less.0.90
0.81Lowest0.95Average1.13Highest
AlphaAlpha. The yearly return the fund made beyond what its beta to the benchmark accounts for.+0.70 pts
−4.42 ptsLowest+0.30 ptsAverage of 18 funds+4.96 ptsHighest
R-squaredR-squared. The share of the fund's monthly movement that its benchmark's movement explains, from 0 to 100.92.5
68.4Lowest88.8Average96.5Highest
CorrelationCorrelation. How closely the fund's monthly returns moved in step with its benchmark's, from minus 1 (always opposite) to 1 (always together).0.96
0.83Lowest0.94Average0.98Highest
Upside captureUpside capture. The fund's return in the months its benchmark rose, as a percentage of the benchmark's return in those months.96.3%
84.5%Lowest100.5%Average127.8%Highest
Downside captureDownside capture. The fund's return in the months its benchmark fell, as a percentage of the benchmark's fall in those months.92.7%
62.4%Lowest93.0%Average132.5%Highest
Information ratioInformation ratio. The fund's return above its benchmark, divided by how much that difference varied, as stated by the fund house.To 30 Sep 20260.07
Largest falls
| Largest over | FallLargest fall. The biggest drop in NAV from a high to the low that followed, before the NAV went back above that high. | High on | Low on | Back at the highBack at the high. The first day the NAV closed at or above the high it had fallen from. |
|---|---|---|---|---|
| 1 year | −12.36% | 18 Feb 2026 | 23 Oct 2026 | Not yet |
| 3 and 5 years and since Nov 2020 | −17.03% | 27 Sep 2024 | 28 Feb 2025 | Not yet |
Risk level by month
| Months | FundRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month. | BenchmarkBenchmark's risk level. The riskometer level of the fund's benchmark index for the same month, on the same six-step scale as the fund's own. |
|---|---|---|
| Oct 2021 to Aug 202659 months | Very High | Very HighNifty 500 TRI |
The riskometer at each month end, the fund's and its benchmark's. A month with none on record is left out.
Mahindra Manulife Focused Fund managers
Managers now
| Manager | Return in the manager's time. The change in the plan's NAV from the day the manager took the fund over to the latest NAV; past a year, the yearly rate that would compound to the same change. | Benchmark over the same days. The change in the fund's benchmark index over the same days as the manager's return, worked out the same way, with the dividends of the index's companies added back. | Difference from the benchmark. The fund's return in the manager's time less its benchmark's over the same days, in percentage points. | Portfolio changed after the handover. How much of the portfolio was different three months after the manager took over: half the sum of every holding's change in weight, with each side's holdings scaled to add up to 100 so a move into cash does not count. | Portfolio changed before the handover. The same measure over the three months before the manager took over, since portfolios change anyway. | Assets the manager runs. The latest monthly size of every fund the manager runs now, added up; a fund run with others counts in full for each of its managers, and the line under it counts only the funds they run alone. | ||
|---|---|---|---|---|---|---|---|---|
| Krishna SanghaviPrimary | Nov 2020 | +16.89%a year | +14.75% | +2.14 pts | – | – | 5 | ₹14,667 Cr |
| Kirti DalviComanage | Jul 2026 | −6.55%over 87 days | −4.41% | −2.14 pts | – | – | 6 | ₹9,895 Cr₹2,753 Cr alone |
Returns are the regular plan's growth NAV, from the day each took over to the latest NAV, beside the benchmark over the same days.
Other funds they run
| Fund | Return in the manager's time. The change in the plan's NAV from the day the manager took the fund over to the latest NAV; past a year, the yearly rate that would compound to the same change. | Benchmark over the same days. The change in the fund's benchmark index over the same days as the manager's return, worked out the same way, with the dividends of the index's companies added back. | Difference from the benchmark. The fund's return in the manager's time less its benchmark's over the same days, in percentage points. | ||
|---|---|---|---|---|---|
| Mahindra Manulife Small Cap FundKrishna Sanghavi | Oct 2024 | +4.66%a year | – | – | ₹5,373 Cr |
| Mahindra Manulife Mid Cap FundKrishna Sanghavi | Oct 2024 | +0.86%a year | +2.53% | −1.67 pts | ₹5,058 Cr |
| Mahindra Manulife Business Cycle FundKrishna Sanghavi | Sep 2023 | +13.57%a year | +9.07% | +4.51 pts | ₹1,291 Cr |
| Mahindra Manulife Value FundKrishna Sanghavi | Mar 2025 | +11.29%a year | +7.11% | +4.19 pts | ₹1,015 Cr |
| Mahindra Manulife Aggressive Hybrid FundKirti Dalvi | Dec 2025 | −7.56%over 318 days | – | – | ₹2,798 Cr |
| Mahindra Manulife Large & Mid Cap FundKirti Dalvi | Dec 2025 | −2.00%over 318 days | −5.26% | +3.26 pts | ₹2,753 Cr |
| Mahindra Manulife Flexi Cap FundKirti Dalvi | Jul 2026 | −4.18%over 87 days | −4.41% | +0.23 pts | ₹1,510 Cr |
| Mahindra Manulife Large Cap FundKirti Dalvi | Dec 2025 | −10.15%over 318 days | −8.40% | −1.76 pts | ₹647 Cr |
| Mahindra Manulife Innovation Opportunities FundKirti Dalvi | Jan 2026 | +4.43%over 256 days | −1.74% | +6.17 pts | ₹257 Cr |
Up to ten funds a manager, largest first. Returns are the regular plan's.
Portfolio overlap
Funds holding the most of the same securities, by weight.
Closest funds in the category
| Portfolio overlap. The share of the two funds' portfolios that is the same: for every holding they share, the smaller of its two weights, added up. | Shared holdings. The number of securities both funds hold, cash and futures left out. | |
|---|---|---|
| Aditya Birla Sun Life Focused FundAditya Birla Sun Life Mutual Fund | 45.70% | 13 |
| UTI Focused Fund (30 stocks)UTI Mutual Fund | 40.23% | 9 |
| Edelweiss Focused FundEdelweiss Mutual Fund | 32.33% | 8 |
| Tata Focused FundTata Mutual Fund | 32.29% | 8 |
| Nippon India Focused FundNippon India Mutual Fund | 31.01% | 8 |
| Franklin India Focused Equity FundFranklin Templeton Mutual Fund | 30.75% | 6 |
| ICICI Prudential Focused FundICICI Prudential Mutual Fund | 30.39% | 8 |
| DSP Focused FundDSP Mutual Fund | 28.56% | 7 |
| Canara Robeco Focused FundCanara Robeco Mutual Fund | 27.32% | 6 |
| Kotak Focused FundKotak Mahindra Mutual Fund | 26.86% | 7 |
Portfolios for Sep 2026. Overlap is per cent of the portfolio the two funds hold in common.
Overlap with the fund house's other funds
| Portfolio overlap. The share of the two funds' portfolios that is the same: for every holding they share, the smaller of its two weights, added up. | |
|---|---|
| Mahindra Manulife Large Cap FundMahindra Manulife Mutual Fund | 43.11% |
| Mahindra Manulife ELSS Tax Saver FundMahindra Manulife Mutual Fund | 39.89% |
| Mahindra Manulife Business Cycle FundMahindra Manulife Mutual Fund | 35.49% |
| Mahindra Manulife Flexi Cap FundMahindra Manulife Mutual Fund | 33.12% |
| Mahindra Manulife Value FundMahindra Manulife Mutual Fund | 32.26% |
| MahindraManulife Banking & Financial Services FundMahindra Manulife Mutual Fund | 30.57% |
| Mahindra Manulife Large & Mid Cap FundMahindra Manulife Mutual Fund | 23.46% |
| Mahindra Manulife Innovation Opportunities FundMahindra Manulife Mutual Fund | 20.37% |
| Mahindra Manulife Multi Cap FundMahindra Manulife Mutual Fund | 19.42% |
| Mahindra Manulife Manufacturing FundMahindra Manulife Mutual Fund | 15.27% |
As the fund house states it, for Sep 2026.
Mahindra Manulife Focused Fund dividend history
IDCW (income distribution cum capital withdrawal), once called a dividend: rupees per unit, paid to holders on the record date and taken out of the NAV.
Paid per unit, the latest payouts
- Paid per unitIDCW payout. Rupees paid out per unit to holders on the record date; the money comes out of the fund, so the plan's NAV falls by the same amount.
Largest ₹1.50 a unit, Mar 2026.
Every payout
| IDCW payout. Rupees paid out per unit to holders on the record date; the money comes out of the fund, so the plan's NAV falls by the same amount. | IDCW yield. A payout as a share of the plan's NAV on the record date, before the NAV fell by the amount paid. | NAV before | NAV after | |
|---|---|---|---|---|
| 10 Mar 2026 | ₹1.50 | 7.89% | ₹19.0086 | ₹17.2848 |
| 13 Mar 2025 | ₹1.00 | 5.52% | ₹18.1210 | ₹17.2046 |
| 14 Mar 2024 | ₹1.00 | 5.40% | ₹18.5062 | ₹17.3753 |
| 27 Feb 2023 | ₹1.00 | 7.33% | ₹13.6427 | ₹12.6159 |
| 17 Mar 2022 | ₹0.80 | 5.73% | ₹13.9530 | ₹13.0168 |
| 17 Sep 2021 | ₹0.50 | 3.45% | ₹14.4831 | ₹13.7828 |
| 26 Feb 2021 | ₹0.50 | 4.23% | ₹11.8145 | ₹11.4606 |
All 7 payouts since 26 Feb 2021.
Changes to the fund
Newest first.
2026
- 1 AprExpenseExpense ratio stated under the new rules: a base ratio, with brokerage, levies and GST on top
Fund details
Objective
The investment objective of the scheme is to generate long term capital appreciation by investing in a concentrated portfolio of equity & equity related instruments of maximum 30 companies across market capitalisation. However, there can be no assurance that the investment objective of the Scheme will be achieved.
Asset allocation
- Equity and Equity related Securities$^: 80% - 100%, Money Market Instruments / other liquid instruments: 0% - 20%,Units of mutual funds# (Including Gold & Silver ETFs): 0% -20%
- Units issued by REITs & InvITs: 0% - 10%$ Subject to overall limit of 30 stocks across market capitalization. ^ including derivative instruments to the extent of 50% of the Net Assets of the Scheme. Investment in derivatives shall be for hedging, portfolio balancing and such other purposes as maybe permitted from time to time under the Regulations and subject to guidelines issued by SEBI/RBI from time to time. @other liquid instruments shall include cash, bank deposits with Scheduled Commercial Banks, Government Securities, Treasury bills, Repo on Government securities and any other instruments as specified by SEBI from time to time.
#The Scheme may also invest in units of Overnight funds, Liquid funds and Money Market Mutual Funds subject to compliance with Clause 3 of Sixth Schedule of the Regulations read with Clause 13.14.1 of SEBI Master Circular.Note: For detailed Asset Allocation please refer Scheme Information Document of the Scheme available on our website www.mahindramanulife.com
Type of scheme
An open ended equity scheme investing in maximum 30 stocks across market caps (i.e Multi Cap)
- Stated category
- Other Equity Schemes
- BenchmarkBenchmark. The index the fund house chose to measure the fund against, in its total return form, with dividends added back.
- Nifty 500 TRI
- Risk level at launchRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month.
- Moderately high
- New fund offer
- 26 Oct 2020 to 9 Nov 2020
- Units first allotted
- 17 Nov 2020
- Open for sale again
- 19 Nov 2020
- Price at the offer
- ₹10 a unit
- Minimum at the offer
- ₹1,000
Plans and codes
| Plan | AMFI code | ISIN | ISIN, reinvestment | MUTF_IN | First NAV |
|---|---|---|---|---|---|
| Direct Growth | 148567 | INF174V01AG7 | MAHI_MANU_FOCU_1E7TYWP | 19 Nov 2020 | |
| Regular Growth | 148571 | INF174V01AD4 | MAHI_MANU_FOCU_70ZYID | 19 Nov 2020 | |
| Direct IDCW | 148569 | INF174V01AI3 | INF174V01AH5 | MAHI_MANU_FOCU_1OIPQFY | 19 Nov 2020 |
| Regular IDCW | 148566 | INF174V01AF9 | INF174V01AE2 | MAHI_MANU_FOCU_1HAK8MB | 19 Nov 2020 |
This fund
- Scheme information document (opens in a new tab)The fund's objective, terms, costs and risks in full
Factsheet
- Fund Factsheet - August 2026 (opens in a new tab)Mahindra Manulife Mutual Fund, Aug 2026
Statement of additional information
- SAI Mahindra Manulife Mutual Fund (opens in a new tab)Mahindra Manulife Mutual Fund, Oct 2026
Annual report
- Mahindra Manulife Mutual Fund Annual Report FY 2025-26 (opens in a new tab)Mahindra Manulife Mutual Fund, Mar 2026
- Mahindra Manulife Mutual Fund ABRIDGED Annual Report FY 2025-26 (opens in a new tab)Mahindra Manulife Mutual Fund, Mar 2026
Riskometer disclosure
- Disclosure on Risk-o-meter level of schemes - FY - 2025-26 (opens in a new tab)Mahindra Manulife Mutual Fund, Mar 2026
Portfolio overlap disclosure
- Portfolio Overlap - September 2026 (opens in a new tab)Mahindra Manulife Mutual Fund, Sep 2026