Mahindra Manulife Multi Asset allocation Fund Direct IDCW NAV today
AMFI: 152445ISIN: INF174V01BX0MUTF_IN: MAHI_MANU_MLT_1NM4G9GMahindra Manulife Mutual FundMulti Asset Allocation funds
NAV ₹12.9365
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.
- ₹1,214 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.
- 0.57%16 Oct 2026
- 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.
- 21.830 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.
- 8130 Sep 2026
- LaunchedLaunch date. The day the fund first allotted units to investors, at the close of its new fund offer.
- 13 Mar 2024
Mahindra Manulife Multi Asset allocation Fund returns
Read from the direct 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 | −2.54% | – | – | – | – |
| 1 month | −4.59% | – | 13 of 37 | −5.19% | −6.2% to −4.0% |
| 3 months | −3.06% | – | 6 of 35 | −4.04% | −4.7% to −3.3% |
| 6 months | −1.21% | – | 4 of 34 | −3.35% | −4.3% to −2.4% |
| 1 year | +3.09% | +7.00%to 30 Sep 2026 | 9 of 31 | +1.12% | −2.3% to +3.1% |
| 3 years | Needs 3 years | – | – | +13.17% | +11.9% to +15.6% |
| 5 years | Needs 5 years | – | – | +12.13% | +10.6% to +13.6% |
| 10 years | Needs 10 years | – | – | +11.32% | +10.9% to +13.9% |
₹10,000 put in on 15 Mar 2024 is ₹13,721 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 45% + CRISIL Composite Bond Index 40% + Domestic Price of Physical Gold 10% + Domestic Price of Silver 5%, over the same days as the fund, or to the month end its cell names. Rank, median and middle half among the Direct plans of Multi Asset Allocation 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 | +9.83% | +7.00% |
| Since launch | +14.39% | +11.81% |
Benchmark: NIFTY 500 TRI 45% + CRISIL Composite Bond Index 40% + Domestic Price of Physical Gold 10% + Domestic Price of Silver 5%. Both as the fund house states them for the month.
Return in each calendar year
- Fund, Direct GrowthCalendar year return. The change in NAV from the last NAV of one year to the last NAV of the next.
Mahindra Manulife Multi Asset allocation 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 | ₹1,18,852₹1,18,847 after stamp duty | −1.85% | −1.85% | ₹6 | |
| Since Mar 202431 instalments | ₹3,10,000 | ₹3,48,052₹3,48,035 after stamp duty | +9.08% | +9.07% | ₹16 |
3 years: Launched 13 Mar 2024, needs 3 years of history.
From the Direct Growth plan's NAV, since an IDCW plan's NAV falls by each payout.
Rolling returns
Per cent a year, every window from 15 Mar 2024 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 year396 windows+3.1%+15.8%+29.3%100.0%
3 yearsLaunched 13 Mar 2024, needs 4 years of history
Every 1-year window ended higher than it started.From the Direct Growth plan's NAV, since an IDCW plan's NAV falls by each payout.
Mahindra Manulife Multi Asset allocation 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.
- 1.31 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.
- 0.59%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.
- 1.89%Over the last 30 days filed
Total expense ratio, month by month
- Regular plan
- Direct plan
Direct plan highest 0.64%, Jul 2026.Direct plan lowest 0.25%, Jan 2026.
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. | 0.40% | 1.55% |
| Brokerage | 0.04% | 0.04% |
| Transaction costs | None | None |
| Statutory levies | 0.13% | 0.29% |
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
10% of the units allotted shall be redeemed without any exit load, on or before completion of 3 months from the date of allotment of Units. Any redemption in excess of the above limit shall be subject to the following exit load: - An Exit Load of 1% is payable if Units are redeemed / switched-out on or before completion of 3 months from the date of allotment of Units; - Nil - If Units are redeemed / switched-out after completion of 3 months from the date of allotment of Units.MoreLess
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
- 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 Multi Asset allocation 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.
- ₹1,210 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.
- 3.9%Of the quarter's average
Average assets by quarter, by plan
- Regular plans
- Direct plans
The latest quarter is the largest since the quarter to Mar 2024.
Assets at each month end
Highest ₹1,235 Cr, Aug 2026.Lowest ₹566 Cr, Mar 2025.
Mahindra Manulife Multi Asset allocation 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. | Yield to maturity. The yearly return the fund's bonds would earn if each were held to maturity at today's price, weighted by what the fund holds of each. | 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 Prudential Gold ETF | Fund units | 12.32% | 149.54 | 1,18,61,687 | – | Mar 2024or earlier | |
| Mahindra Manulife Liquid Fund | Fund units | 4.94% | 60.01 | 3,23,337 | – | Sep 2026 | |
| HDFC BankBanks | Shares | Large cap2nd | 3.50% | 42.46 | 5,99,146 | – | Mar 2024or earlier |
| ICICI BankBanks | Shares | Large cap5th | 3.39% | 41.20 | 3,11,700 | – | Mar 2024or earlier |
| Brookfield India Real Estate TrustRealty | REIT or InvIT units | 3.36% | 40.77 | 12,13,340 | – | Mar 2024or earlier | |
| 8.42% Muthoot Finance Limited 2029 (FRN)CRISIL AA+, repaid 26 Jul 2029 | Bonds and bills | 3.09% | 37.46 | 37,50,000 | 9.87% | May 2026 | |
| Nippon India Silver ETF | Fund units | 2.87% | 34.90 | 16,65,000 | – | Mar 2024or earlier | |
| Bharti AirtelTelecom - Services | Shares | Large cap3rd | 2.08% | 25.27 | 1,43,800 | – | Nov 2024 |
| 8.85% TVS Credit Services Limited 2027CRISIL AA+, 8.85% coupon, repaid 11 Jun 2027 | Bonds and bills | 2.07% | 25.09 | 25,00,000 | 8.36% | Jul 2025 | |
| Divi's LaboratoriesPharmaceuticals & Biotechnology | Shares | Large cap50th | 2.02% | 24.55 | 26,420 | – | Mar 2024or earlier |
| Reliance IndustriesPetroleum Products | Shares | Large cap1st | 1.99% | 24.19 | 2,03,820 | – | Mar 2024or earlier |
| 8.7% Shriram Finance Limited 2028CRISIL AAA, repaid 9 Apr 2028 | Bonds and bills | 1.86% | 22.64 | 22,50,000 | 8.19% | May 2026 | |
| State Bank of IndiaBanks | Shares | Large cap4th | 1.62% | 19.71 | 2,05,400 | – | Mar 2024or earlier |
| 7.4% Bharti Telecom Limited 2029CRISIL AAA, 7.40% coupon, repaid 1 Feb 2029 | Bonds and bills | 1.61% | 19.58 | 20,00,000 | 8.40% | Jan 2026 | |
| 8.02% Cholamandalam Investment and Finance Company Ltd 2029 (FRN)ICRA AA+, repaid 27 Feb 2029 | Bonds and bills | 1.44% | 17.51 | 17,50,000 | 8.88% | May 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 | 2.02% | 24.56 |
| Net Receivables / (Payables) | 0.71% | 8.62 |
| Margin placed with CCIL & ARCL | 0.05% | 0.65 |
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.
- 12.32%ICICI Prudential Gold ETF
- Top 5 holdingsTop 5 holdings. The share of the fund held in its five largest positions.
- 27.51%
- Top 10 holdingsTop 10 holdings. The share of the fund held in its ten largest positions.
- 39.64%
- Top 10 sharesTop 10 shares. The share of the fund held in its ten largest shareholdings, bonds and fund units left out.
- 19.92%
- Effective holdingsEffective number of holdings. The number of equal-sized positions that would be as concentrated as the fund's actual weights.
- 31.7Taken over 97.21% 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 shares52.21%
- Bonds and bills19.41%
- REIT and InvIT units5.45%
- Units of other funds20.14%
- Cash and receivables2.79%
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 cap67.14%Category 61.15%
- Mid cap12.86%Category 20.55%
- Small cap20.00%Category 16.54%
Per cent of the fund's Indian shares. By the list for the six months to Jun 2026. Category is the average of 37 Multi Asset Allocation 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.16sectors
- Financial Services15.18%Category 17.32%
- Capital Goods5.25%Category 4.29%
- Healthcare4.58%Category 4.79%
- Automobile And Auto Components4.11%Category 4.15%
- Oil Gas & Consumable Fuels3.12%Category 3.01%
- Information Technology3.03%Category 2.61%
- Power2.43%Category 1.49%
- Consumer Services2.25%Category 3.03%
- Telecommunication2.08%Category 2.24%
- Metals & Mining1.98%Category 2.14%
- Construction Materials1.78%Category 0.96%
- Fast Moving Consumer Goods1.63%Category 2.64%
- Construction1.58%Category 1.21%
- Textiles1.32%Category 0.26%
- Chemicals1.29%Category 0.95%
- Consumer Durables0.59%Category 1.37%
Per cent of the fund's net assets, less the futures sold on its shares, Sep 2026. Category is the average of 37 Multi Asset Allocation funds. Category average. The sector's weight, less the futures sold on it, averaged over the 37 Multi Asset Allocation 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 Services11 companies | 15.18% | 15.61% | 16.02% | 16.72% | 14.58% | 15.08% | 15.02% | 15.04% | 14.47% | 14.27% | 14.48% | 15.23% | |
| Capital Goods8 companies | 5.25% | 5.40% | 5.26% | 5.74% | 4.56% | 4.59% | 4.22% | 4.29% | 4.13% | 3.78% | 3.90% | 4.20% | |
| Healthcare4 companies | 4.58% | 4.72% | 4.38% | 4.10% | 5.21% | 4.93% | 4.98% | 4.39% | 4.15% | 3.84% | 4.09% | 4.36% | |
| Automobile And Auto Components5 companies | 4.11% | 3.90% | 3.87% | 3.75% | 3.23% | 3.46% | 3.84% | 3.89% | 3.94% | 4.45% | 4.70% | 5.29% | |
| Oil Gas & Consumable Fuels3 companies | 3.12% | 3.55% | 3.72% | 4.41% | 3.69% | 4.06% | 4.02% | 4.55% | 4.64% | 4.38% | 4.37% | 4.89% | |
| Information Technology3 companies | 3.03% | 3.25% | 3.35% | 2.92% | 3.15% | 3.16% | 3.18% | 3.48% | 4.56% | 4.57% | 3.74% | 3.82% | |
| Power3 companies | 2.43% | 2.38% | 2.66% | 2.79% | 3.08% | 3.31% | 3.20% | 2.03% | 1.92% | 1.59% | 1.78% | 1.96% | |
| Consumer Services2 companies | 2.25% | 2.24% | 2.32% | 2.33% | 2.07% | 2.07% | 2.05% | 1.46% | 0.99% | 0.95% | 1.03% | 1.23% | |
| Telecommunication1 company | 2.08% | 2.11% | 2.37% | 2.31% | 2.35% | 2.47% | 2.51% | 1.99% | 2.18% | 2.29% | 2.33% | 2.49% | |
| Metals & Mining3 companies | 1.98% | 2.00% | 1.51% | 1.43% | 2.12% | 2.09% | 1.99% | 1.29% | 1.32% | 1.35% | 1.49% | 1.73% | |
| Construction Materials3 companies | 1.78% | 1.85% | 1.96% | 2.01% | 2.05% | 1.98% | 2.00% | 2.00% | 2.05% | 2.20% | 2.45% | 2.86% | |
| Fast Moving Consumer Goods3 companies | 1.63% | 1.52% | 1.47% | 1.54% | 2.29% | 2.45% | 2.40% | 1.91% | 2.03% | 2.40% | 2.68% | 2.91% |
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.
- Yield to maturityYield to maturity. The yearly return the fund's bonds would earn if each were held to maturity at today's price, weighted by what the fund holds of each.
- 8.49%Lines stating a yield: 90.34% of the bond book
- Yield after expensesYield after expenses. The yield to maturity less the plan's expense ratio.
- 7.92%Direct plan
- Maturity date knownMaturity date known. The share of the bond book, perpetual bonds left out, whose repayment date is known: the bonds the durations and the maturity profile are taken over.
- 100.00%Of the bond book, perpetual bonds left out
- Perpetual bondsPerpetual bonds. Bonds with no maturity date: the issuer pays interest with no fixed day to repay. Their share of the bond book; they are in no duration and no maturity window.
- None
The bond book is the fund's bonds, bills and overnight lending.
Credit rating
Credit rating. A rating agency's grade for how likely the borrower is to repay on time: AAA down to D for loans of over a year, A1+ down to A4 for loans of under a year, two scales that are never compared.Loans of over a year
- Sovereign3.55%
- AAA8.16%
- AA7.70%
Other
- Overnight lending2.08%
Per cent of the fund's net assets. A grade is stated for 100.00% of the bonds.
Maturity profile
Maturity profile. The fund's bonds grouped by how long until each is repaid, as a share of the fund's net assets; a bond with no known maturity date is left off.- Up to 1 month2.08%
- 1 to 3 monthsNone
- 3 to 6 monthsNone
- 6 to 12 months2.07%
- 1 to 3 years12.99%
- 3 to 5 years0.80%
- 5 to 10 years0.41%
- Over 10 years3.15%
Per cent of the fund's net assets, over the bonds whose maturity date is known; perpetual bonds have none.
- Largest borrowerLending to one borrower. The share of the fund lent to a single company or group of companies, government bonds left out.
- 3.09%Muthoot Finance Limited
- Top 5 borrowersLending to one borrower. The share of the fund lent to a single company or group of companies, government bonds left out.
- 10.07%
- Top 10 borrowersLending to one borrower. The share of the fund lent to a single company or group of companies, government bonds left out.
- 14.86%
Per cent of the fund's net assets. Lent outside the government: 15.86% of the fund, to 13 borrowers; the borrower is named for 100.00% of it, its group for 28.51%.
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.
- 56.92% 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.
- 53.12% of the fund before
- MaturedMatured. Bonds and deposits whose repayment date fell between the two portfolios, so they were repaid rather than sold. One sold in its last days reads the same.
- 2
- 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.
- 14
- TrimmedTrimmed. Holdings with fewer units than the month before. Where the fund states no units, a weight that fell by more than a tenth.
- 1
- UnchangedUnchanged. Holdings with the same number of units as the month before. Their weight can still move with the price.
- 61
- 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.
- 3.12%
- 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.
- 8.74%
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. | ||||
|---|---|---|---|---|---|
| Mahindra Manulife Liquid Fund | New | 4.94% | 0.00% | +4.94 pts | +3,23,337 |
| ICICI Securities Limited 2026 | Matured | – | 2.83% | −2.83 pts | – |
| 7.34% Small Industries Dev Bank of India 2029 | Sold out | – | 1.20% | −1.20 pts | −15,00,000 |
| Gland Pharma | Sold out | – | 0.80% | −0.80 pts | −34,400 |
| Sai Life Sciences | New | 0.76% | 0.00% | +0.76 pts | +60,800 |
| HDFC Bank Limited 2026 | Matured | – | 0.56% | −0.56 pts | – |
| GAIL (India) | Sold out | – | 0.44% | −0.44 pts | −3,08,000 |
| 8.3721% Kotak Mahindra Investments Limited 2027 | Sold out | – | 0.41% | −0.41 pts | −5,00,000 |
| 8.55% Aditya Birla Real Estate Limited 2029 | New | 0.41% | 0.00% | +0.41 pts | +5,00,000 |
| 7.79% Bajaj Housing Finance Limited 2031 | New | 0.40% | 0.00% | +0.40 pts | +5,00,000 |
| 7.17% Tata Capital Housing Finance Limited 2030 | New | 0.40% | 0.00% | +0.40 pts | +5,00,000 |
| 6.68% Government of India 2040 | Sold out | – | 0.27% | −0.27 pts | −3,50,000 |
| Oil & Natural Gas Corporation | Added | 0.59% | 0.43% | +0.16 pts | +90,000 |
| Union Bank of India | Added | 0.62% | 0.47% | +0.15 pts | +1,27,000 |
| LG Balakrishnan & Bros | Added | 0.66% | 0.53% | +0.13 pts | +7,900 |
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 Prudential Gold ETF | 5.74%Cut | 8.09%Added | 7.66% | 11.23%Added | 10.48% | 10.15% | 9.64% | 9.84% | 8.62% | 9.15%Added | 12.65%Added | 12.32% |
| Mahindra Manulife Liquid Fund | Sold out | – | 6.45%Bought again | Sold out | – | 6.87%Bought again | Sold out | – | 4.34%Bought again | Sold out | – | 4.94%Bought again |
 HDFC Bank | 3.61%Added | 3.38% | 3.65%Added | 3.67%Added | 3.45%Added | 3.94%Added | 3.86% | 3.66% | 4.15%Added | 3.75% | 3.44% | 3.50% |
 ICICI Bank | 3.06%Added | 2.89% | 2.77%Added | 2.82%Added | 3.01%Added | 2.94%Added | 2.86% | 2.80% | 3.72%Added | 3.74% | 3.67% | 3.39% |
| Brookfield India Real Estate Trust | 1.74%Cut | 1.54% | 1.38% | 1.33% | 0.91%Cut | 0.84% | 2.17%Added | 2.20%Added | 3.49%Added | 3.47% | 3.36% | 3.36% |
| 8.42% Muthoot Finance Limited 2029 (FRN) | – | – | – | – | – | – | – | 1.01%Bought | 3.29%Added | 3.14% | 3.02% | 3.09% |
| Nippon India Silver ETF | 5.40%Cut | 3.19%Cut | 4.44%Added | 3.95%Cut | 1.41%Cut | 1.27% | 1.24% | 1.34% | 1.11% | 1.04% | 3.01%Added | 2.87% |
 Bharti Airtel | 2.49%Added | 2.33% | 2.29%Added | 2.18%Added | 1.99% | 2.51%Added | 2.47% | 2.35% | 2.31% | 2.37% | 2.11% | 2.08% |
| 8.85% TVS Credit Services Limited 2027 | 3.33% | 3.05% | 2.73% | 2.46% | 2.36% | 2.47% | 2.29% | 2.24% | 2.19% | 2.10% | 2.03% | 2.07% |
 Divi's Laboratories | 1.95%Added | 1.82%Added | 1.81%Added | 1.55% | 1.57% | 1.54% | 1.57% | 1.58% | 1.51% | 1.78% | 2.03% | 2.02% |
 Reliance Industries | 1.98% | 1.91% | 2.16%Added | 2.29%Added | 2.19% | 2.39%Added | 2.66%Added | 2.41% | 2.29% | 2.23% | 2.11% | 1.99% |
| 8.7% Shriram Finance Limited 2028 | – | – | – | – | – | – | – | 2.03%Bought | 1.98% | 1.91% | 1.84% | 1.86% |
 State Bank of India | 2.13%Added | 2.04% | 1.96%Added | 2.15%Added | 2.30% | 1.97% | 2.00% | 1.77% | 1.83% | 1.76% | 1.76% | 1.62% |
| 7.4% Bharti Telecom Limited 2029 | – | – | – | 1.93%Bought | 1.85% | 1.93% | 1.80% | 1.75% | 1.71% | 1.65% | 1.59% | 1.61% |
| 8.02% Cholamandalam Investment and Finance Company Ltd 2029 (FRN) | – | – | – | – | – | – | – | 0.47%Bought | 1.52%Added | 1.46% | 1.41% | 1.44% |
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 71.0% in Aug 2026
Risk ratios
NAV to 23 Oct 2026
Each bar runs from the lowest to the highest figure among the Direct plans of Multi Asset Allocation funds (30 funds) over the same 1 year; 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.11.00%
2.21%Lowest12.18%Average15.30%Highest
Downside deviationDownside deviation. Standard deviation counting only the months in which the fund lost money, stated as a yearly figure.7.72%
0.59%Lowest8.80%Average11.79%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.0.43
−0.45Lowest0.24Average0.90Highest
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.0.57
−0.49Lowest0.34Average1.27Highest
From the Direct Growth plan's NAV, since an IDCW plan's NAV falls by each payout.
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 and since Mar 2024 | −9.53% | 29 Jan 2026 | 23 Mar 2026 | 3 Aug 2026 |
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. |
|---|---|---|
| Jul 2025 to Aug 202614 months | Very High | HighNIFTY 500 TRI 45% + CRISIL Composite Bond Index 40% + Domestic Price of Physical Gold 10% + Domestic Price of Silver 5% |
| Apr 2025 to Jun 20253 months | Very High | Moderately HighNIFTY 500 TRI 45% + CRISIL Composite Bond Index 40% + Domestic Price of Physical Gold 10% + Domestic Price of Silver 5% |
| Mar 20251 month | Very High | HighNIFTY 500 TRI 45% + CRISIL Composite Bond Index 40% + Domestic Price of Physical Gold 10% + Domestic Price of Silver 5% |
| Feb 20251 month | Very High | NIFTY 500 TRI 45% + CRISIL Composite Bond Index 40% + Domestic Price of Physical Gold 10% + Domestic Price of Silver 5% |
The riskometer at each month end, the fund's and its benchmark's. A month with none on record is left out.
Mahindra Manulife Multi Asset allocation 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. | ||
|---|---|---|---|---|---|---|---|---|
| Renjith SivaramPrimary; Equity portion | Mar 2024 | +14.13%a year | – | – | – | – | 4 | ₹3,672 Cr |
| Navin MattaComanage; Equity portion | Jan 2026 | +2.40%over 288 days | – | – | 14.4% | 21.1% | 5 | ₹2,972 Cr |
| Rahul PalComanage | Mar 2024 | +14.13%a year | – | – | – | – | 11 | ₹7,491 Cr |
| Kush SonigaraComanage; Debt portion | Jan 2026 | +2.40%over 288 days | – | – | 14.4% | 21.1% | 4 | ₹1,859 Cr |
Returns are the direct 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 Business Cycle FundRenjith Sivaram | Sep 2023 | +15.49%a year | +9.07% | +6.43 pts | ₹1,291 Cr |
| Mahindra Manulife Manufacturing FundRenjith Sivaram | Jun 2024 | +2.65%a year | +2.79% | −0.15 pts | ₹648 Cr |
| Mahindra Manulife Equity Savings FundRenjith Sivaram | Jul 2023 | +9.77%a year | – | – | ₹519 Cr |
| Mahindra Manulife Manufacturing FundNavin Matta | Dec 2025 | +4.63%over 318 days | +0.03% | +4.60 pts | ₹648 Cr |
| Mahindra Manulife Equity Savings FundNavin Matta | Jan 2026 | +2.25%over 288 days | – | – | ₹519 Cr |
| Mahindra Manulife Consumption FundNavin Matta | Oct 2024 | −3.19%a year | −1.70% | −1.49 pts | ₹453 Cr |
| Mahindra Manulife Arbitrage FundNavin Matta | Oct 2024 | +6.19%a year | – | – | ₹138 Cr |
| Mahindra Manulife Aggressive Hybrid FundRahul Pal | Jul 2019 | +15.95%a year | – | – | ₹2,798 Cr |
| Mahindra Manulife Liquid FundRahul Pal | Jul 2016 | +6.22%a year | – | – | ₹1,041 Cr |
| Mahindra Manulife Balanced Advantage FundRahul Pal | Dec 2021 | +9.95%a year | – | – | ₹879 Cr |
Up to ten funds a manager, largest first. Returns are the direct 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. | |
|---|---|---|
| ICICI Prudential Multi Asset Allocation FundICICI Prudential Mutual Fund | 35.96% | 36 |
| PGIM India Multi Asset Allocation FundPGIM India Mutual Fund | 31.52% | 27 |
| Shriram Multi Asset Allocation FundShriram Mutual Fund | 30.41% | 26 |
| HDFC Multi Asset Allocation FundHDFC Mutual Fund | 29.67% | 29 |
| Bandhan Multi Asset Allocation FundBandhan Mutual Fund | 28.55% | 28 |
| Axis Multi Asset Allocation FundAxis Mutual Fund | 28.26% | 28 |
| Mirae Asset Multi Asset Allocation FundMirae Asset Mutual Fund | 27.51% | 32 |
| Invesco India Multi Asset Allocation FundInvesco Mutual Fund | 27.27% | 34 |
| Nippon India Multi Asset Allocation FundNippon India Mutual Fund | 27.09% | 30 |
| Groww Multi Asset Allocation FundGroww Mutual Fund | 26.01% | 23 |
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 Equity Savings FundMahindra Manulife Mutual Fund | 50.55% |
| Mahindra Manulife Aggressive Hybrid FundMahindra Manulife Mutual Fund | 30.48% |
| Mahindra Manulife Balanced Advantage FundMahindra Manulife Mutual Fund | 30.32% |
| Mahindra Manulife Arbitrage FundMahindra Manulife Mutual Fund | 21.99% |
As the fund house states it, for Sep 2026.
Mahindra Manulife Multi Asset allocation 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 ₹0.50 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 | ₹0.50 | 3.71% | ₹13.4849 | ₹12.8974 |
| 13 Mar 2025 | ₹0.25 | 2.27% | ₹11.0292 | ₹10.8367 |
All 2 payouts since 13 Mar 2025.
Changes to the fund
Newest first.
2026
- 10 JulExpenseBase expense ratio, direct plan: 0.27% to 0.37%+0.10 ptsExpense ratio change. The plan's typical expense ratio (the middle of its daily figures) in the month the change took effect, against the month before, in percentage points.
- 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 seek to generate long-term capital appreciation and income by investing in equity and equity related securities, debt & money market instruments, Gold/Silver ETFs and Exchange Traded Commodity Derivatives (ETCDs) as permitted by SEBI from time to time. However, there can be no assurance that the investment objective of the Scheme will be achieved.
Asset allocation
- Equity & Equity related instruments^*: 35% - 80%, Debt and Money Market Securities#$ (including TREPS (Tri-Party Repo) and Reverse Repo in Government Securities):1 0% -55%, Units of Gold/Silver ETFs & other Gold and Silver related instruments (including Exchange Traded Commodity Derivatives (ETCDs) @ as permitted by SEBI from time to time%: 10%-30%, Units issued by REITs & InvITs: 0%-10%. %including through ETCDs and/or any other mode of investment in commodities (apart from Gold and Silver), as permitted by SEBI from time to time. ^ including derivative instruments to the extent of 50% of the equity component of the Scheme.
*The Scheme may invest in Foreign Securities (including Overseas ETFs) up to 20% of the net assets of the Scheme in compliance with clause 12.19 of the SEBI Master Circular pertaining to overseas investments by mutual funds, as amended from time to time. Further, the Scheme intends to invest US$ 10 million in Overseas securities and US$ 5 million in Overseas ETFs within six months from the date of the closure of the New Fund Offer (NFO) of the Scheme. Thereafter, the Scheme shall invest in Foreign Securities (including Overseas ETFs) as per the limits available to ‘Ongoing Schemes’ in terms of clause 12.19.1.3.c of the SEBI Master Circular. Further, SEBI vide its clause 12.19.1.3.d of the SEBI Master Circular, clarified that the above specified limit would be considered 30 as soft limit(s) for the purpose of reporting only by mutual funds on monthly basis in the format prescribed by SEBI.
Type of scheme
An open ended scheme investing in Equity, Debt, Gold/Silver Exchange Traded Funds (ETFs) and Exchange Traded Commodity Derivatives
- BenchmarkBenchmark. The index the fund house chose to measure the fund against, in its total return form, with dividends added back.
- 45% NIFTY 500 TRI + 40% CRISIL Composite Bond Index + 10% Domestic Price of Physical Gold +5% Domestic Price of Silver
- 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.
- High
- New fund offer
- 20 Feb 2024 to 5 Mar 2024
- Units first allotted
- 13 Mar 2024
- Open for sale again
- 15 Mar 2024
- 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 | 152443 | INF174V01BW2 | MAHI_MANU_MLT_UUVVIW | 15 Mar 2024 | |
| Regular Growth | 152441 | INF174V01BT8 | MAHI_MANU_MLT_Z31C9J | 15 Mar 2024 | |
| Direct IDCW | 152445 | INF174V01BX0 | INF174V01BY8 | MAHI_MANU_MLT_1NM4G9G | 15 Mar 2024 |
| Regular IDCW | 152444 | INF174V01BU6 | INF174V01BV4 | MAHI_MANU_MLT_175C390 | 15 Mar 2024 |
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