Mahindra Manulife Focused Fund Direct Growth
Equity
Direct
Focused Fund
NAV as on 19-11-2024
₹ 27.41
▲0.2%
1D
Inception Returns
28.6%
/yr
About Mahindra Manulife Focused Fund Direct Growth
Mahindra Manulife Focused Fund Direct Growth is an equity fund. This fund was started on 17 November, 2020. The fund is managed by Fatema Pacha. The fund could potentially beat inflation in the long-run.
Key Parameters
- Mahindra Manulife Focused Fund Direct Growth has ₹1791 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
- The fund has an expense ratio 0.4.
Returns
Mahindra Manulife Focused Fund Direct Growth has given a CAGR return of 28.61% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 35.25% and 20.32% respectively.
Holdings
Mahindra Manulife Focused Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Defensive, Basic Materials, Energy, Tech, Utilities, Consumer Cyclical, Health, Communication. Its top holdings are HDFC Bank Ltd, Reliance Industries Ltd, ICICI Bank Ltd, State Bank of India, ITC Ltd
Taxation
As it is a focused fund 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 Focused Fund Direct Growth
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.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 500.00. Mahindra Manulife Focused Fund Direct Growth has no lock in period.
Historical NAV & Returns
Mahindra Manulife Focused Fund Direct Growth Overview
| Expense ratio | 0.41% |
Benchmark | S&P BSE 500 India TR INR |
| AUM | ₹1791 Cr |
| Inception Date | 17 November, 2020 |
| Min Lumpsum/SIP | ₹1000/₹500 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 81.02% |
| STCG | Redeeming 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 (19-Nov-24)
Fund Distribution
as on (31-Oct-24)
- This fund’s returns stands at -7.15% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
- This fund underperformed Nifty 500 by 0.63% in Oct'24
- AUM of the fund stands at 1.8K Cr as of Oct'24
- AUM decreased by 59.6 Cr between Oct'24 and Sep'24
Top 3 Sectors in October were Financial Services, Consumer Defensive & Energy
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 9.21% | 0% | |
 Reliance Industries Ltd | 6.73% | 0% | |
 ICICI Bank Ltd | 6.04% | 7.7% | |
 State Bank of India | 5.72% | 19% | |
 ITC Ltd | 5.19% | 0% |
Top Growth Drivers | 1M Return |
|---|---|
 HDFC Bank Ltd | 0.8% |
Mahindra Manulife Focused Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹1791 Cr
Expense Ratio 0.41%
Frequently Asked Questions for Mahindra Manulife Focused Fund Direct Growth
Mahindra Manulife Focused Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -6.59% | -6.59% |
6 Month Returns | 3.71% | 3.71% |
1 Year Returns | 35.25% | 35.25% |
3 Years Returns | 74.18% | 20.32% |
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 Focused Fund Direct Growth | 6.34 | 5.69 | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Mahindra Manulife Focused Fund Direct Growth | 1.01 | 0.95 | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Mahindra Manulife Focused Fund Direct Growth | 2.23 | 1.09 | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Mahindra Manulife Focused Fund Direct Growth | 14.3 | 13.69 | - |