MahindraManulife Banking & Financial Services Fund Direct IDCW NAV today
AMFI: 153672ISIN: INF174V01CQ2MUTF_IN: MAHI_MANU_BKG_VXIARUMahindra Manulife Mutual FundSectoral / Thematic funds
NAV ₹10.0696
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.
- ₹445 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.
- 1.13%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.
- 18.430 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.
- 3130 Sep 2026
- Offer openedNew fund offer opened. The day the fund's new fund offer opened for investors to apply; units are allotted when it closes.
- 27 Jun 2025
MahindraManulife Banking & Financial Services 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 | −4.65% | −3.87% | – | – | – |
| 1 month | −8.05% | −4.54% | 115 of 254 | −8.23% | −9.5% to −6.6% |
| 3 months | −6.23% | −5.93% | 125 of 250 | −6.23% | −7.7% to −4.3% |
| 6 months | −5.49% | −6.29% | 169 of 250 | −3.43% | −6.3% to +2.1% |
| 1 year | −4.33% | −10.64% | 104 of 228 | −5.19% | −9.3% to +0.6% |
| 3 years | Needs 3 years | – | – | +12.40% | +8.6% to +16.8% |
| 5 years | Needs 5 years | – | – | +10.89% | +8.1% to +14.6% |
| 10 years | Needs 10 years | – | – | +13.74% | +11.5% to +15.5% |
₹10,000 put in on 21 Jul 2025 is ₹10,066 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 Financial Services TRI, over the same days as the fund. Rank, median and middle half among the Direct plans of Sectoral / Thematic 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 | +5.12% | −4.42% |
| Since launch | +3.30% | −5.06% |
Benchmark: Nifty Financial Services TRI. Both as the fund house states them for the month.
MahindraManulife Banking & Financial Services 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 | ₹1,14,148₹1,14,142 after stamp duty | −9.29% | −9.30% | ₹6 | |
| Since Jul 202515 instalments | ₹1,50,000 | ₹1,44,866₹1,44,859 after stamp duty | −5.31% | −5.32% | ₹8 |
3 years: Needs 3 years of history.
From the Direct Growth plan's NAV, since an IDCW plan's NAV falls by each payout.
MahindraManulife Banking & Financial Services 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.
- 1.64 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.
- 1.14%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.
- 2.78%Over the last 30 days filed
Total expense ratio, month by month
- Regular plan
- Direct plan
Direct plan highest 1.23%, Jul 2026.Direct plan lowest 0.50%, Jul 2025.
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. | 0.65% | 2.10% |
| Brokerage | 0.12% | 0.12% |
| Transaction costs | 0.01% | 0.01% |
| Statutory levies | 0.35% | 0.54% |
Per cent of assets a year, filed for 16 Oct 2026. The parts add up to that day's total.
Exit load, in the offer document's words
An Exit Load of 0.5% is payable if Units are redeemed / switched-out up to 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
- Accepted
- Switches
- Accepted
- Lock-inLock-in. The time after each purchase during which those units cannot be sold.
- None
As listed for this plan on 24 Oct 2026.
MahindraManulife Banking & Financial Services 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.
- ₹463 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.
- 3.7%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 Sep 2025.
Assets at each month end
Highest ₹477 Cr, Aug 2026.Lowest ₹320 Cr, Sep 2025.
MahindraManulife Banking & Financial Services 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 | 11.88% | 52.86 | 3,99,975 | Jul 2025or earlier |
| HDFC BankBanks | Large cap2nd | 10.18% | 45.29 | 6,39,000 | Jul 2025or earlier |
| Axis BankBanks | Large cap15th | 7.50% | 33.37 | 2,72,200 | Jul 2025or earlier |
| State Bank of IndiaBanks | Large cap4th | 5.39% | 23.98 | 2,49,900 | Jul 2025or earlier |
| Multi Commodity Exchange of IndiaCapital Markets | Mid cap157th | 4.95% | 22.03 | 66,750 | Jul 2026 |
| Shriram FinanceFinance | Large cap42nd | 4.92% | 21.89 | 2,22,800 | Jul 2025or earlier |
| Bajaj FinanceFinance | Large cap7th | 4.54% | 20.20 | 2,10,500 | Jul 2025or earlier |
| Kotak Mahindra BankBanks | Large cap16th | 4.34% | 19.33 | 4,63,500 | Jul 2025or earlier |
| Ujjivan Small Finance BankBanks | Small cap522nd | 4.28% | 19.07 | 28,25,000 | Oct 2025 |
| Aditya Birla CapitalFinance | Mid cap123rd | 3.79% | 16.88 | 4,43,500 | Nov 2025 |
| One 97 CommunicationsFinancial Technology (Fintech) | Mid cap146th | 3.34% | 14.85 | 88,496 | Jun 2026 |
| Nippon Life India Asset ManagementCapital Markets | Mid cap172nd | 2.89% | 12.84 | 1,20,000 | Mar 2026 |
| Karur Vysya BankBanks | Small cap279th | 2.86% | 12.72 | 3,91,620 | Jul 2025or earlier |
| SBI Life Insurance CompanyInsurance | Large cap45th | 2.86% | 12.72 | 74,980 | Jul 2025or earlier |
| Max Financial ServicesInsurance | Mid cap180th | 2.59% | 11.51 | 83,800 | Aug 2025 |
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 | 2.47% | 10.99 |
| Margin placed with CCIL & ARCL | 0.05% | 0.22 |
| Net Receivables / (Payables) | 0.03% | 0.15 |
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.
- 11.88%ICICI Bank
- Top 5 holdingsTop 5 holdings. The share of the fund held in its five largest positions.
- 39.89%
- Top 10 holdingsTop 10 holdings. The share of the fund held in its ten largest positions.
- 61.77%
- Effective holdingsEffective number of holdings. The number of equal-sized positions that would be as concentrated as the fund's actual weights.
- 18.1Taken over 97.45% 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 shares97.45%
- Cash and receivables2.55%
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 cap57.62%Category 49.50%
- Mid cap27.47%Category 21.62%
- Small cap13.86%Category 26.68%
Per cent of the fund's Indian shares. By the list for the six months to Jun 2026. Shares not on the list: 1.03% of the fund. Category is the average of 249 Sectoral / Thematic 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.1sector
- Financial Services97.45%Category 21.68%
Per cent of the fund's net assets, less the futures sold on its shares, Sep 2026. Category is the average of 254 Sectoral / Thematic funds. Category average. The sector's weight, less the futures sold on it, averaged over the 254 Sectoral / Thematic 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 Services31 companies | 97.45% | 94.94% | 96.79% | 96.15% | 97.54% | 94.93% | 94.83% | 93.75% | 95.84% | 95.34% | 95.27% | 92.88% | |
| Healthcare | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| Capital Goods | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| Automobile And Auto Components | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| Consumer Services | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| Information Technology | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| Fast Moving Consumer Goods | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| Consumer Durables | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| Oil Gas & Consumable Fuels | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| Telecommunication | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| Power | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| Services | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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.
- 0
- 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.
- 21.14% 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.
- 6
- TrimmedTrimmed. Holdings with fewer units than the month before. Where the fund states no units, a weight that fell by more than a tenth.
- 4
- UnchangedUnchanged. Holdings with the same number of units as the month before. Their weight can still move with the price.
- 21
- 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.
- 0.00%
- 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.
- 9.06%
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. | ||||
|---|---|---|---|---|---|
| HDFC Bank | Added | 10.18% | 7.61% | +2.56 pts | +1,26,250 |
| Angel One | Added | 2.19% | 0.64% | +1.55 pts | +2,49,552 |
| Piramal Finance | Added | 1.66% | 0.28% | +1.38 pts | +30,409 |
| Kotak Mahindra Bank | Added | 4.34% | 3.10% | +1.25 pts | +1,11,000 |
| Fedbank Financial Services | Sold out | – | 0.99% | −0.99 pts | −3,00,000 |
| Cholamandalam Investment and Finance Company | Trimmed | 1.17% | 2.16% | −0.99 pts | −23,252 |
| 360 ONE WAM | Added | 1.85% | 0.98% | +0.87 pts | +40,000 |
| L&T Finance | Trimmed | 0.94% | 1.78% | −0.84 pts | −1,07,000 |
| Tata Capital | Trimmed | 0.71% | 1.52% | −0.80 pts | −1,00,000 |
| Ujjivan Small Finance Bank | Added | 4.28% | 3.58% | +0.71 pts | +3,55,000 |
| Multi Commodity Exchange of India | Trimmed | 4.95% | 5.29% | −0.34 pts | −7,500 |
| BSE | Sold out | – | 0.15% | −0.15 pts | −2,185 |
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 | 12.92%Cut | 15.24%Added | 14.10% | 13.61%Added | 13.27% | 12.96%Cut | 12.33%Added | 13.01%Added | 12.20%Cut | 12.47% | 12.18% | 11.88% |
 HDFC Bank | 16.46%Added | 13.56%Cut | 12.77% | 12.69%Added | 11.61% | 13.47%Added | 7.78%Cut | 8.93%Added | 9.08% | 8.33% | 7.61% | 10.18%Added |
 Axis Bank | 7.90%Added | 7.85% | 8.68%Added | 8.81% | 8.52% | 8.10% | 8.68%Added | 8.79% | 8.72% | 7.27%Cut | 7.41% | 7.50% |
 State Bank of India | 3.98%Cut | 7.37%Added | 7.07% | 7.82%Added | 6.69%Cut | 5.71%Cut | 8.86%Added | 5.76%Cut | 6.31%Added | 5.58%Cut | 5.55% | 5.39% |
 Multi Commodity Exchange of India | 2.64% | 2.75% | 2.91% | 3.10% | 2.58%Cut | 2.86% | 1.56%Cut | 0.87%Cut | Sold out | 4.34%Bought again | 5.29% | 4.95%Cut |
 Shriram Finance | 2.41%Added | 3.28%Added | 3.42%Cut | 3.29% | 3.34% | 3.31%Added | 4.89%Added | 4.93% | 5.15% | 5.06% | 5.18% | 4.92% |
 Bajaj Finance | 6.17% | 5.87% | 5.34% | 6.13%Added | 5.89%Cut | 5.37% | 3.86%Cut | 3.74% | 4.69%Added | 5.22% | 4.66% | 4.54% |
 Kotak Mahindra Bank | 6.63% | 5.60%Cut | 4.80%Cut | 4.18% | 4.08% | 4.88%Added | 1.62%Cut | 3.10%Added | 5.76%Added | 2.99%Cut | 3.10% | 4.34%Added |
 Ujjivan Small Finance Bank | 1.01%Bought | 1.02% | 1.69%Added | 2.78%Added | 2.88%Added | 3.34%Added | 3.29% | 3.14% | 3.24% | 3.85% | 3.58% | 4.28%Added |
 Aditya Birla Capital | – | 3.19%Bought | 3.05% | 3.15%Added | 3.06% | 2.94% | 4.07%Added | 4.28% | 3.86%Cut | 3.89% | 3.80% | 3.79% |
 One 97 Communications | – | – | – | – | – | – | – | – | 0.76%Bought | 1.52%Added | 3.18%Added | 3.34% |
 Nippon Life India Asset Management | 1.73% | 1.66% | 0.20%Cut | 0.18% | Sold out | 0.99%Bought again | 1.63%Added | 2.57%Added | 2.06%Cut | 2.02% | 2.95%Added | 2.89% |
 Karur Vysya Bank | 1.91%Cut | 1.02%Cut | 1.03% | 1.36%Added | 1.41% | 1.91%Added | 3.15%Added | 3.09% | 3.01% | 2.91%Cut | 2.85% | 2.86% |
 SBI Life Insurance Company | 1.00%Cut | 0.96% | 0.95% | 2.11%Added | 2.45%Added | 2.67%Added | 3.19%Added | 3.21% | 2.94% | 3.06% | 2.73% | 2.86% |
 Max Financial Services | 3.17%Added | 3.33% | 3.13% | 2.34%Cut | 2.52% | 2.35% | 3.11%Added | 3.28% | 2.94% | 2.73% | 2.76% | 2.59% |
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 90.0% in Sep 2026
Risk ratios
NAV to 23 Oct 2026
Each bar runs from the lowest to the highest figure among the Direct plans of Sectoral / Thematic funds (227 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.22.00%
12.44%Lowest20.07%Average46.96%Highest
Downside deviationDownside deviation. Standard deviation counting only the months in which the fund lost money, stated as a yearly figure.16.97%
4.39%Lowest13.32%Average21.46%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.0.10
−1.29Lowest0.07Average1.84Highest
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.0.12
−1.42Lowest0.20Average4.31Highest
From the Direct Growth plan's NAV, since an IDCW plan's NAV falls by each payout.
Against Nifty Financial Services 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.1.00
0.55Lowest0.97Average of 218 funds1.47Highest
AlphaAlpha. The yearly return the fund made beyond what its beta to the benchmark accounts for.+9.53 pts
−12.14 ptsLowest+6.00 ptsAverage of 164 funds+31.48 ptsHighest
R-squaredR-squared. The share of the fund's monthly movement that its benchmark's movement explains, from 0 to 100.95.5
27.0Lowest89.5Average of 218 funds99.3Highest
CorrelationCorrelation. How closely the fund's monthly returns moved in step with its benchmark's, from minus 1 (always opposite) to 1 (always together).0.98
0.52Lowest0.94Average of 218 funds1.00Highest
Upside captureUpside capture. The fund's return in the months its benchmark rose, as a percentage of the benchmark's return in those months.108.4%
59.0%Lowest107.5%Average of 185 funds182.4%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.70.5%
15.4%Lowest79.7%Average of 118 funds119.3%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 20262.14
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 Jul 2025 | −15.72% | 26 Feb 2026 | 31 Mar 2026 | 21 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. |
|---|---|---|
| Aug 2025 to Aug 202613 months | Very High | Very HighNifty Financial Services TRI |
The riskometer at each month end, the fund's and its benchmark's. A month with none on record is left out.
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. | |
|---|---|---|
| Canara Robeco Banking and Financial Services FundCanara Robeco Mutual Fund | 69.51% | 19 |
| Tata Banking & Financial Services FundTata Mutual Fund | 67.39% | 21 |
| Kotak Banking & Financial Services FundKotak Mahindra Mutual Fund | 67.01% | 20 |
| Baroda BNP Paribas Banking and Financial Services FundBaroda BNP Paribas Mutual Fund | 66.64% | 22 |
| DSP Banking & Financial Services FundDSP Mutual Fund | 65.45% | 20 |
| HDFC Banking & Financial Services FundHDFC Mutual Fund | 63.27% | 19 |
| Edelweiss Financial Services FundEdelweiss Mutual Fund | 62.61% | 18 |
| UTI Banking and Financial Services FundUTI Mutual Fund | 62.58% | 20 |
| Aditya Birla Sun Life Banking and Financial Services FundAditya Birla Sun Life Mutual Fund | 60.99% | 19 |
| Mirae Asset Banking and Financial Services FundMirae Asset Mutual Fund | 60.80% | 15 |
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 ELSS Tax Saver FundMahindra Manulife Mutual Fund | 30.80% |
| Mahindra Manulife Focused FundMahindra Manulife Mutual Fund | 30.57% |
| Mahindra Manulife Large Cap FundMahindra Manulife Mutual Fund | 29.37% |
| Mahindra Manulife Flexi Cap FundMahindra Manulife Mutual Fund | 25.88% |
| Mahindra Manulife Large & Mid Cap FundMahindra Manulife Mutual Fund | 25.31% |
| Mahindra Manulife Innovation Opportunities FundMahindra Manulife Mutual Fund | 20.41% |
| Mahindra Manulife Multi Cap FundMahindra Manulife Mutual Fund | 19.81% |
| Mahindra Manulife Mid Cap FundMahindra Manulife Mutual Fund | 18.71% |
| Mahindra Manulife Value FundMahindra Manulife Mutual Fund | 15.65% |
| Mahindra Manulife Business Cycle FundMahindra Manulife Mutual Fund | 13.56% |
As the fund house states it, for Sep 2026.
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 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.
- BenchmarkBenchmark. The index the fund house chose to measure the fund against, in its total return form, with dividends added back.
- Nifty Financial Services TRI
- New fund offer
- 27 Jun 2025 to 11 Jul 2025
- 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 | 153674 | INF174V01CO7 | MAHI_MANU_BKG_1IHGUH0 | 21 Jul 2025 | |
| Regular Growth | 153675 | INF174V01CL3 | MAHI_MANU_BKG_1XRG5J8 | 21 Jul 2025 | |
| Direct IDCW | 153672 | INF174V01CQ2 | INF174V01CP4 | MAHI_MANU_BKG_VXIARU | 21 Jul 2025 |
| Regular IDCW | 153673 | INF174V01CN9 | INF174V01CM1 | MAHI_MANU_BKG_1G4QM17 | 21 Jul 2025 |
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