Mahindra Manulife Multi Asset Allocation Fund Direct Growth

Mahindra Manulife Multi Asset Allocation Fund Direct Growth is a hybrid fund. This fund was started on 13 March, 2024. The fund is managed by Rahul Pal. This fund gives you the benefit of diversification.

1. Mahindra Manulife Multi Asset Allocation Fund Direct Growth has ₹600 Cr worth of assets under management (AUM) as on Jun 2025 and is more than category average.
2. The fund has an expense ratio 0.4.
   

Mahindra Manulife Multi Asset Allocation Fund Direct Growth has given a CAGR return of 16.92% since inception. Over the last 1 year the fund has given a CAGR return of 11.38%.

Mahindra Manulife Multi Asset Allocation Fund Direct Growth has allocated its funds majorly in Government, Corporate, Financial Services, Cash Equivalent, Consumer Cyclical, Real Estate, Basic Materials, Industrial, Tech, Energy, Health, Consumer Defensive, Utilities, Communication.

As it is a multi asset allocation mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
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
Long term gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

The investment objective of the Scheme is to seek to generate long-term capital appreciation and income by investing in equity and equity related securities, debt & money market instruments, Gold/Silver ETFs and Exchange Traded Commodity Derivatives (ETCDs) as permitted by SEBI from time to time. However, there can be no assurance that the investment objective of the Scheme will be achieved.

Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 500.00. Mahindra Manulife Multi Asset Allocation Fund Direct Growth has no lock in period.