Mahindra Manulife Business Cycle Fund Direct Growth
Equity
Direct
Equity - Other
NAV: ₹ 13.73 as on 02-05-2024
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
- Mahindra Manulife Business Cycle Fund Direct Growth has ₹734 Cr worth of assets under management (AUM) as on Mar 2024 and is less than category average.
- The fund has an expense ratio 0.5.
Fund Performance
176 people have invested ₹ 6.9L in Mahindra Manulife Business Cycle Fund Direct Growth in the last three months
Overview
 | 0.48% |
 Benchmark | Nifty 500 TRI |
 | ₹734 Cr |
 | 13 September, 2023 |
 | ₹1000/₹500 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 0% |
Mahindra Manulife Business Cycle Fund Direct Growth Distribution as on (31-Mar-24)
Size breakup
Large cap
49.9%
Small cap
26%
Mid cap
19.4%
Sector Allocation
Financial Services
25.6%
Industrial
12.6%
Basic Materials
10.6%
Utilities
9.1%
Energy
9.1%
Health
8.7%
Tech
8.6%
Consumer Cyclical
8.4%
Consumer Defensive
3.8%
Communication
2.6%
Real Estate
0.9%
Top Holdings of Mahindra Manulife Business Cycle Fund Direct Growth as on (30-Apr-24)
Equity Holdings57
Gainers & Losers Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 MOIL Ltd | 33.4% |
 Godrej Industries Ltd | 21.2% |
 State Bank of India | 7.8% |
Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at 1.27% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.47% as on Mar'24
- This fund outperformed Nifty 500 by 1.74% in Mar'24
AUM Change
- AUM of the fund stands at 700.7 Cr as of Mar'24
- AUM has remained same between Mar'24 and Feb'24
Fund Portfolio Changes
Peer Analysis
Fund Manager
Kush Sonigara
Fund Manager of Mahindra Manulife Business Cycle Fund Direct Growth, since 13 September 2023
Top funds managed
Mahindra Manulife Business Cycle Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered returns of 36.43% since inception (13nd Sep 2023)
Fund Allocations
This fund has an allocation of 96.41% in Equity, 0% in Debt and 3.59% in Cash related instruments
AUM size ₹734 Cr
This fund has AUM of ₹734 Cr which is less than its category average of ₹ 1770 Cr
Expense Ratio 0.48%
This fund has an expense ratio of 0.48% which is less than its category average expense ratio of 1.31%
Frequently Asked Questions
The current NAV of Mahindra Manulife Business Cycle Fund Direct Growth is ₹13.73 as on 02-May-2024.
Existing (Absolute + CAGR) as on 02-May-2024.
Mahindra Manulife Business Cycle Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 7.35% | 7.35% |
6 Month Returns | 40.43% | 40.43% |
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.
0.48% as on April 2024
₹734 Cr as on April 2024
Reliance Industries Ltd(5.98%), State Bank of India(4.46%), ICICI Bank Ltd(3.87%), Tata Consultancy Services Ltd(2.85%), IndusInd Bank Ltd(2.63%) as on April 2024
Financial Services(24.64%), Industrial(12.16%), Basic Materials(10.22%) as on April 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 April 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 April 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 April 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 April 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%