Mahindra Manulife Business Cycle Fund Direct Payout Inc Dist cum Cap Wdrl

Mahindra Manulife Business Cycle Fund Direct Payout Inc Dist cum Cap Wdrl

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Equity
Direct
Equity - Other
NAV: ₹ 14.39 as on 13-06-2024

About the Fund

Mahindra Manulife Business Cycle Fund Direct Payout Inc Dist cum Cap Wdrl 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 Payout Inc Dist cum Cap Wdrl has ₹827 Cr worth of assets under management (AUM) as on Apr 2024 and is less than category average.
  2. The fund has an expense ratio 0.4.

Returns

Mahindra Manulife Business Cycle Fund Direct Payout Inc Dist cum Cap Wdrl has given a CAGR return of 42.40% since inception.

Holdings

Mahindra Manulife Business Cycle Fund Direct Payout Inc Dist cum Cap Wdrl 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 Payout Inc Dist cum Cap Wdrl

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 0.00 and for SIP is INR 0.00. Mahindra Manulife Business Cycle Fund Direct Payout Inc Dist cum Cap Wdrl has no lock in period.

Fund Performance

Overview

Expense ratio
Expense ratio
0.43%
Benchmark
Benchmark
Nifty 500 TRI
AUM
AUM
₹827 Cr
Inception Date
Inception Date
13 September, 2023
Min Lumpsum/SIP
Min Lumpsum/SIP
--/--
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
0%

Mahindra Manulife Business Cycle Fund Direct Payout Inc Dist cum Cap Wdrl Distribution as on (30-Apr-24)

  • Equity 96.4%

  • Debt & Cash 3.6%

Size breakup

Large cap
52.2%
Small cap
28.4%
Mid cap
15.8%
Sector Allocation

Apr'24

Mar'24

Feb'24

Financial Services
22%
Industrial
13.9%
Basic Materials
12.5%
Utilities
10.4%
Tech
8.6%
Health
8.5%
Consumer Cyclical
7.8%
Energy
7.3%
Communication
4.2%
Consumer Defensive
3.9%
Real Estate
0.9%

Monthly Changes Updates

All changes are between Feb'24 and Apr'24
Fund Performance
Apr'24
Mar'24
Feb'24
Fund Returns
7.35%
1.27%
2.25%
Nifty 500
2.46%
-0.47%
1.58%
  • This fund’s returns stands at 7.35% whereas the fund’s underlying benchmark Nifty 500 returns stands at 2.46% as on Apr'24
  • This fund outperformed Nifty 500 by 4.89% in Apr'24
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 733.8 Cr
₹ 733.8 Cr
₹ 700.7 Cr
  • AUM of the fund stands at 733.8 Cr as of Apr'24
  • AUM has remained same between Apr'24 and Mar'24
Fund Portfolio Changes

Top Holdings of Mahindra Manulife Business Cycle Fund Direct Payout Inc Dist cum Cap Wdrl as on (31-May-24)

  • Equity

Equity Holdings60

Fund Manager

Kush Sonigara
Kush Sonigara
Fund Manager of Mahindra Manulife Business Cycle Fund Direct Payout Inc Dist cum Cap Wdrl, since 13 September 2023
Top funds managed
Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Mahindra Manulife Equity Savings Fund Direct Growth
11.74%
8.93%

Mahindra Manulife Business Cycle Fund Direct Payout Inc Dist cum Cap Wdrl 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 42.4% 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 ₹827 Cr

AUM size ₹827 Cr

This fund has AUM of ₹827 Cr which is less than its category average of ₹ 1832 Cr
Expense Ratio 0.43%

Expense Ratio 0.43%

This fund has an expense ratio of 0.43% which is less than its category average expense ratio of 1.21%

Frequently Asked Questions

The current NAV of Mahindra Manulife Business Cycle Fund Direct Payout Inc Dist cum Cap Wdrl is ₹14.39 as on 13-Jun-2024.
Existing (Absolute + CAGR) as on 13-Jun-2024.
Mahindra Manulife Business Cycle Fund Direct Payout Inc Dist cum Cap Wdrl
Absolute Returns
CAGR Returns
1 Month Returns
7.86%
7.86%
6 Month Returns
30.48%
30.48%
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.
0.43% as on May 2024
₹827 Cr as on May 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 May 2024
Financial Services(19.14%), Basic Materials(12.5%), Industrial(11.48%) as on May 2024
The alpha ratio for the Mahindra Manulife Business Cycle Fund Direct Payout Inc Dist cum Cap Wdrl for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Mahindra Manulife Business Cycle Fund Direct Payout Inc Dist cum Cap Wdrl
-
-
-
As on May 2024
The alpha for Mahindra Manulife Business Cycle Fund Direct Payout Inc Dist cum Cap Wdrl 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 Payout Inc Dist cum Cap Wdrl for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Mahindra Manulife Business Cycle Fund Direct Payout Inc Dist cum Cap Wdrl
-
-
-
As on May 2024
The Beta for Mahindra Manulife Business Cycle Fund Direct Payout Inc Dist cum Cap Wdrl 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 Payout Inc Dist cum Cap Wdrl 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 Payout Inc Dist cum Cap Wdrl
-
-
-
As on May 2024
The sharpe ratio for Mahindra Manulife Business Cycle Fund Direct Payout Inc Dist cum Cap Wdrl 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 Payout Inc Dist cum Cap Wdrl 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 Payout Inc Dist cum Cap Wdrl
-
-
-
As on May 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 Payout Inc Dist cum Cap Wdrl
The Exit load of Mahindra Manulife Business Cycle Fund Direct Payout Inc Dist cum Cap Wdrl is 1%