Mahindra Manulife Business Cycle Fund Direct Growth

Equity
Direct
Equity - Other
Mahindra Manulife Business Cycle Fund Direct Growth

About the Fund

Mahindra Manulife Business Cycle Fund Direct Growth is an equity fund. This fund was started on 13 September, 2023. The fund is managed by Kush Sonigara. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Mahindra Manulife Business Cycle Fund Direct Growth has ₹878 Cr worth of assets under management (AUM) as on Jun 2024 and is less than category average.
  2. The fund has an expense ratio 0.4.

Returns

Mahindra Manulife Business Cycle Fund Direct Growth has given a CAGR return of 54.40% since inception.

Holdings

Mahindra Manulife Business Cycle Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Basic Materials, Industrial, Tech, Health, Utilities, Consumer Cyclical, Energy, Consumer Defensive, Communication, Real Estate. Its top holdings are Reliance Industries Ltd, State Bank of India, Indus Towers Ltd Ordinary Shares, ICICI 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 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Dividends 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.

Fund Performance
zero opening, trading, fund transfer fee
218 people have invested ₹ 19.1L in Mahindra Manulife Business Cycle Fund Direct Growth in the last three months

Fund Overview

Expense ratio0.4%
Benchmark
Nifty 500 TRI
AUM₹878 Cr
Inception Date13 September, 2023
Min Lumpsum/SIP₹1000/₹500
Exit Load
1%
Lock InNo Lock-in
TurnOver
0%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 96.4%

  • Debt & Cash 3.6%

Large cap
52.2%

Small cap
28.4%

Mid cap
15.8%

Sector Allocation

Jun'24

May'24

Apr'24

Financial Services
19.8%
Basic Materials
13%
Industrial
11.9%
Tech
9.8%
Health
8.9%
Utilities
8.3%
Consumer Cyclical
7.6%
Energy
7.5%
Consumer Defensive
7.2%
Communication
4.5%
Real Estate
1.3%
All changes are between Apr'24 and Jun'24

Returns for the month of Jun

  • Gainers

  • Losers

Kush Sonigara
Kush Sonigara
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 Equity Savings Fund Direct Growth
12.22%
9.48%

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 returns of 54.4% since inception (13nd Sep 2023)
Fund Allocations

Fund Allocations

This fund has an allocation of 96.42% in Equity, 0% in Debt and 3.58% in Cash related instruments
AUM size ₹878 Cr

AUM size ₹878 Cr

This fund has AUM of ₹878 Cr which is less than its category average of ₹ 2255 Cr
Expense Ratio 0.4%

Expense Ratio 0.4%

This fund has an expense ratio of 0.4% which is less than its category average expense ratio of 1.24%

Frequently Asked Questions

The current NAV of Mahindra Manulife Business Cycle Fund Direct Growth is ₹15.47 as on 16-Jul-2024.
Existing (Absolute + CAGR) as on 16-Jul-2024.
Mahindra Manulife Business Cycle Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
6.88%
6.88%
6 Month Returns
29.4%
29.4%
1 Year Returns
0%
0%
3 Years Returns
0%
0%
5 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.
0.4% as on June 2024
₹878 Cr as on June 2024
Reliance Industries Ltd(4.37%), State Bank of India(4.35%), Indus Towers Ltd Ordinary Shares(3.33%), ICICI Bank Ltd(3.32%), ITC Ltd(2.92%) as on June 2024
Financial Services(19.14%), Basic Materials(12.5%), Industrial(11.48%) as on June 2024
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 June 2024
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 June 2024
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
-
-
-
As on June 2024
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
-
-
-
As on June 2024
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.
Kush Sonigara 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%