Mahindra Manulife Business Cycle Fund Direct Growth

Mahindra Manulife Business Cycle Fund Direct Growth

NAV as on 21-04-2025

₹ 14.28

1.5%

1D

Inception Returns

24.7%

/yr

Historical NAV & Returns

Absolute

zero opening, trading, fund transfer fee
244 people have invested ₹ 5.2L in Mahindra Manulife Business Cycle Fund Direct Growth in the last three months

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

  1. Mahindra Manulife Business Cycle Fund Direct Growth has ₹1129 Cr worth of assets under management (AUM) as on Mar 2025 and is less than category average.
  2. The fund has an expense ratio 0.5.

Returns

Mahindra Manulife Business Cycle Fund Direct Growth has given a CAGR return of 24.69% since inception. Over the last 1 year the fund has given a CAGR return of 9.40%.

Holdings

Mahindra Manulife Business Cycle Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Basic Materials, Consumer Cyclical, Consumer Defensive, Energy, Industrial, Health, Utilities, Tech, Communication, Real Estate. Its top holdings are Reliance Industries Ltd, HDFC Bank Ltd, State Bank of India, Axis Bank 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 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

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.

Mahindra Manulife Business Cycle Fund Direct Growth Overview

Expense ratio0.53%
Benchmark
Nifty 500 TRI
AUM₹1129 Cr
Inception Date13 September, 2023
Min Lumpsum/SIP₹1000/₹500
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
101.09%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (21-Apr-25)

Period
Mahindra Manulife Business Cycle Fund Direct Growth
Nifty 500
equity - other
1M
3.4%
3.4%
-
3M
0.7%
2.7%
-
6M
-8.9%
-5.4%
-
1Y
9.4%
7.9%
-

Fund Distribution

as on (31-Mar-25)

  • Equity 94.9%

  • Debt & Cash 5.1%

Large cap
60.1%

Small cap
27.9%

Mid cap
6.7%

Sector Allocation

Mar'25

Feb'25

Jan'25

Dec'24

Nov'24

Oct'24

Financial Services
25.4%
Basic Materials
12.9%
Consumer Cyclical
11.3%
Consumer Defensive
10.9%
Energy
10.8%
Industrial
7.3%
Health
7.2%
Utilities
5.4%
Tech
5%
Communication
3%
Real Estate
0.8%
All changes are between Jan'25 and Mar'25
Mar'25
Feb'25
Jan'25
Fund Returns
6.77%
-8.34%
-4.65%
Nifty 500
7.25%
-7.88%
-4.01%
  • This fund’s returns stands at 6.77% whereas the fund’s underlying benchmark Nifty 500 returns stands at 7.25% as on Mar'25
  • This fund underperformed Nifty 500 by 0.48% in Mar'25
Parameters
Mar'25
Feb'25
Jan'25
AUM
₹ 1.1K Cr
₹ 1.1K Cr
₹ 1.1K Cr
  • AUM of the fund stands at 1.1K Cr as of Mar'25
  • AUM increased by 73.4 Cr between Mar'25 and Feb'25
Top Stocks bought last month
Axis Bank Ltd's allocation increased from 1.2% to 3.17%
Axis Bank Ltd's allocation increased from 1.2% to 3.17%
State Bank of India's allocation increased from 3.98% to 4.17%
State Bank of India's allocation increased from 3.98% to 4.17%
Balrampur Chini Mills Ltd's allocation increased from 1.2% to 1.38%
Balrampur Chini Mills Ltd's allocation increased from 1.2% to 1.38%
Top Stocks sold last month
Reliance Industries Ltd's allocation decreased from 5.16 % to 5.13 %
Reliance Industries Ltd's allocation decreased from 5.16 % to 5.13 %
HDFC Bank Ltd's allocation decreased from 7.64 % to 5.1 %
HDFC Bank Ltd's allocation decreased from 7.64 % to 5.1 %
ITC Ltd's allocation decreased from 3 % to 2.9 %
ITC Ltd's allocation decreased from 3 % to 2.9 %
Small Cap allocation has gone up from 26.5% to 27.9%
Small Cap allocation has gone up from 26.5% to 27.9%
Mid Cap allocation has gone down from 9% to 6.7%
Mid Cap allocation has gone down from 9% to 6.7%
Large Cap allocation has gone down from 63.3% to 60.1%
Large Cap allocation has gone down from 63.3% to 60.1%
Cash allocation has gone up from 1.2% to 5.1%
Cash allocation has gone up from 1.2% to 5.1%

Top 3 Sectors in March were Financial Services, Basic Materials & Consumer Cyclical

Mar'25
Financial Services
25%
Basic Materials
13%
Consumer Cyclical
11%
Feb'25
Financial Services
28%
Basic Materials
13%
Consumer Cyclical
11%
  • Equity

Holdings
Weight%
1M Change
Reliance Industries Ltd
Reliance Industries Ltd
5.13%
0%
HDFC Bank Ltd
HDFC Bank Ltd
5.1%
-32.3%
State Bank of India
State Bank of India
4.17%
0%
Axis Bank Ltd
Axis Bank Ltd
3.17%
160%
ITC Ltd
ITC Ltd
2.9%
0%
  • Returns %

  • Fund Ratios

  • Overview

Funds
1Y Returns
3Y Returns
5Y Returns
Since Inception
Mahindra Manulife Business Cycle Fund Direct Growth
Mahindra Manulife Business Cycle Fund Direct Growth
9.4%
-
-
24.69%
Sundaram Services Direct Growth
Sundaram Services Direct Growth
18.52%
18.52%
29.93%
21.39%
ICICI Prudential India Opportunities Fund Direct Growth
ICICI Prudential India Opportunities Fund Direct Growth
15.6%
23.7%
35.98%
23.09%
ICICI Prudential Business Cycle Fund Direct Growth
ICICI Prudential Business Cycle Fund Direct Growth
12.23%
21.5%
-
23.01%
  • Gainers

  • Losers

Top Growth Drivers
1M Return
HDFC Bank Ltd
HDFC Bank Ltd
7.7%
State Bank of India
State Bank of India
5.9%
Fund
Mar'25
Feb'25
Jan'25
No of Holdings
68
70
69
Top 5 Company Concentration
20.5%
22.3%
21.8%
Company having highest exposure
Reliance Industries Ltd (5.1%)
HDFC Bank Ltd (7.6%)
HDFC Bank Ltd (6.9%)
No of Sectors
11
11
11
Top 5 Sectors Concentration
71.3%
72.9%
71.7%
Sector having highest exposure
Financial Services (25.4%)
Financial Services (28.1%)
Financial Services (25.9%)
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Krishna Sanghavi
Krishna Sanghavi
Fund Manager of Mahindra Manulife Business Cycle Fund Direct Growth, since 13 September 2023
Top funds managed
Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Mahindra Manulife Mid Cap Fund Direct Growth
21.55%
17.86%
Mahindra Manulife Value Fund Direct Growth
0%
16.5%
Fund House
Mahindra Manulife Investment Management Pvt. Ltd.
Total AUM
₹25.98K Cr
as on 31-Mar-2025
Address
1st Floor, Sadhana House, Behind Mahindra Tower,570 P. B. Marg, Worli, Mumbai 400018
Phone
022-66327900
Website
mfinvestors@mahindra.com

Mahindra Manulife Business Cycle Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 24.69% since inception which is more than its category average return of 10.11%
Fund Allocations

Fund Allocations

This fund has an allocation of 94.93% in Equity, 0% in Debt and 5.07% in Cash related instruments
AUM size ₹1129 Cr

AUM size ₹1129 Cr

This fund has AUM of ₹1129 Cr which is less than its category average of ₹ 2172 Cr
Expense Ratio 0.53%

Expense Ratio 0.53%

This fund has an expense ratio of 0.53% which is less than its category average expense ratio of 1.35%

Frequently Asked Questions for Mahindra Manulife Business Cycle Fund Direct Growth

The current NAV of Mahindra Manulife Business Cycle Fund Direct Growth is ₹14.28 as on 21-Apr-2025.
Existing (Absolute + CAGR) as on 21-Apr-2025.
Mahindra Manulife Business Cycle Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
3.37%
3.37%
6 Month Returns
-8.9%
-8.9%
1 Year Returns
9.4%
9.4%
3 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
  • 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.
0.53% as on March 2025
₹1129 Cr as on March 2025
Reliance Industries Ltd(5.13%), HDFC Bank Ltd(5.1%), State Bank of India(4.17%), Axis Bank Ltd(3.17%), ITC Ltd(2.9%) as on March 2025
Financial Services(24.12%), Basic Materials(12.29%), Consumer Cyclical(10.69%) as on March 2025
The alpha ratio for the Mahindra Manulife Business Cycle Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Mahindra Manulife Business Cycle Fund Direct Growth
-
-
-
As on March 2025
The alpha for Mahindra Manulife Business Cycle Fund Direct Growth is calculated against Nifty 500 TRI. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Mahindra Manulife Business Cycle Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Mahindra Manulife Business Cycle Fund Direct Growth
-
-
-
As on March 2025
The Beta for Mahindra Manulife Business Cycle Fund Direct Growth is calculated with Nifty 500 TRI. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Mahindra Manulife Business Cycle Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Mahindra Manulife Business Cycle Fund Direct Growth
0.15
-
-
As on March 2025
The sharpe ratio for Mahindra Manulife Business Cycle Fund Direct Growth is calculated with Nifty 500 TRI. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Mahindra Manulife Business Cycle Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Mahindra Manulife Business Cycle Fund Direct Growth
19.42
-
-
As on March 2025
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Krishna Sanghavi is the fund manager of Mahindra Manulife Business Cycle Fund Direct Growth
The Exit load of Mahindra Manulife Business Cycle Fund Direct Growth is 1%