Mahindra Manulife Business Cycle Fund Direct Growth
Equity
Direct
Equity - Other
NAV as on 17-01-2025
₹ 14.29
▲0.3%
1D
Inception Returns
30.1%
/yr
About Mahindra Manulife Business Cycle Fund Direct Growth
Mahindra Manulife Business Cycle Fund Direct Growth is an equity fund. This fund was started on 13 September, 2023. The fund is managed by Krishna Sanghavi. The fund could potentially beat inflation in the long-run.
Key Parameters
- Mahindra Manulife Business Cycle Fund Direct Growth has ₹1182 Cr worth of assets under management (AUM) as on Nov 2024 and is less than category average.
- The fund has an expense ratio 0.3.
Returns
Mahindra Manulife Business Cycle Fund Direct Growth has given a CAGR return of 30.14% since inception. Over the last 1 year the fund has given a CAGR return of 21.18%.
Holdings
Mahindra Manulife Business Cycle Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Basic Materials, Energy, Consumer Defensive, Industrial, Tech, Health, Consumer Cyclical, Utilities, Communication, Real Estate. Its top holdings are HDFC Bank Ltd, Reliance Industries Ltd, State Bank of India, Infosys Ltd, ITC Ltd
Taxation
As it is a equity - other mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of Mahindra Manulife Business Cycle Fund Direct Growth
The Scheme shall seek to generate long term capital appreciation by investing predominantly in equity and equity related securities with a focus on identifying and investing in business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy. However, there is no assurance that the objective of the Scheme will be realized.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 500.00. Mahindra Manulife Business Cycle Fund Direct Growth has no lock in period.
Historical NAV & Returns
Mahindra Manulife Business Cycle Fund Direct Growth Overview
| Expense ratio | 0.29% |
Benchmark | Nifty 500 TRI |
| AUM | ₹1182 Cr |
| Inception Date | 13 September, 2023 |
| Min Lumpsum/SIP | ₹1000/₹500 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 101.09% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (17-Jan-25)
Fund Distribution
as on (30-Nov-24)
- This fund’s returns stands at -1.02% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.60% as on Nov'24
- This fund underperformed Nifty 500 by 0.42% in Nov'24
- AUM of the fund stands at 1.2K Cr as of Dec'24
- AUM increased by 18 Cr between Dec'24 and Nov'24
Top 3 Sectors in December were Financial Services, Basic Materials & Energy
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 6.97% | 0% | |
 Reliance Industries Ltd | 4.67% | 0% | |
 State Bank of India | 4.1% | 15.1% | |
 Infosys Ltd | 3.44% | 0% | |
 ITC Ltd | 3.27% | 0% |
Top Growth Drivers | 1M Return |
|---|---|
 Anant Raj Ltd | 12.4% |
Mahindra Manulife Business Cycle Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹1182 Cr
Expense Ratio 0.29%
Frequently Asked Questions for Mahindra Manulife Business Cycle Fund Direct Growth
Mahindra Manulife Business Cycle Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -6.17% | -6.17% |
6 Month Returns | -7.64% | -7.64% |
1 Year Returns | 21.18% | 21.18% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Mahindra Manulife Business Cycle Fund Direct Growth | - | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Mahindra Manulife Business Cycle Fund Direct Growth | - | - | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Mahindra Manulife Business Cycle Fund Direct Growth | 1.27 | - | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Mahindra Manulife Business Cycle Fund Direct Growth | 15.14 | - | - |