Mahindra Manulife Banking & Financial Services Fund

Mahindra Manulife Banking & Financial Services Fund

Equity

Mahindra Mutual Fund

Sector - Financial Services

Get the latest NAV of Mahindra Manulife Banking & Financial Services Fund. View historical returns compared to its benchmark and category average. Know which stocks and sectors the fund is investing in. Get an estimate of returns from the SIP and lump sum returns calculator. View detailed holding analysis and peer comparison. Get INDmoney ranking of the fund.

₹10.88

▲0.2%1D

NAV as on 30 Jun 2026

8.78%/per year

Since Inception

Absolute Gain%

▲▼

60 people have invested ₹ 3.6L in Mahindra Manulife Banking & Financial Services Fund in the last three months

Mahindra Manulife Banking & Financial Services Fund Performance vs. Nifty 500

Fund returns vs Benchmark returns vs Category Average returns as on (30-Jun-26)

The fund has outperformed the benchmark (Nifty 500) over 1Y, but underperformed over 3Y, 5Y.

Period
1M
3M
6M
1Y
3Y
5Y
This Fund
4.6%
15.61%
1.34%
--
--
--
Nifty 500
1.49%
12.02%
-3.67%
-2.63%
11.86%
11.28%
Sector - Financial Services Avg
5.36%
14.43%
-1.53%
3.61%
13.15%
13.15%
Best in Sector - Financial Services
6.87%
18.76%
6.8%
19.29%
28.04%
16.59%
Worst in Sector - Financial Services
3.76%
8.59%
-3.41%
-2.6%
7.89%
11.26%

Peer comparison

Fund Name
INDmoney Rank
AUM (in Crs.)
Expense Ratio
1Y Returns
3Y Returns
3Y Alpha
3Y Beta
3Y Sharpe
3Y Sortino
3Y Info Ratio
Mahindra Manulife Banking & Financial Services Fund
-
428Cr
0.56%
-
-
--
--
--
--
--
Invesco India Financial Services Fund
1/11
1,701Cr
0.69%
5.67%
19.59%
8.70
0.87
0.84
1.32
1.23
SBI Banking & Financial Services Fund
2/11
10,375Cr
0.77%
2.6%
17.57%
6.76
0.88
0.76
1.12
1.27
Mirae Asset Banking and Financial Services Fund
3/11
2,147Cr
0.52%
3.71%
15.09%
4.15
0.96
0.57
0.89
0.80
See all

Mahindra Manulife Banking & Financial Services Fund Returns Calculator

Calculate SIP and lumpsum returns based on historical performance

  • 1-time

  • SIP

Total Investment

0

Profit

Total Corpus

0

Absolute Return
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Mahindra Manulife Banking & Financial Services Fund Asset Allocation

See fund asset allocation details as on (14-Jun-26)

Fund Distribution

as on (14-Jun-26)

Large cap
58.3%
Mid cap
21.9%
Small cap
17.3%
Mid Cap allocation has gone up from 20.1% to 21.9%
Mid Cap allocation has gone up from 20.1% to 21.9%
Large Cap allocation has gone down from 59.1% to 58.3%
Large Cap allocation has gone down from 59.1% to 58.3%
Small Cap allocation has gone up from 15.8% to 17.3%
Small Cap allocation has gone up from 15.8% to 17.3%
Cash allocation has gone down from 5.1% to 2.5%
Cash allocation has gone down from 5.1% to 2.5%

Mahindra Manulife Banking & Financial Services Fund Sector Allocation

See fund sector allocation details as on (14-Jun-26)

Sector Allocation

Financial Services
99.8%
Tech
0.2%

Top Sector in May was Financial Services

May'26

Financial Services

100%

Apr'26

Financial Services

100%

Mahindra Manulife Banking & Financial Services Fund Holdings Details

as on (31-May-26)

Holdings
Weight%
1M Change
ICICI Bank Ltd
13.01%
6.2%
HDFC Bank Ltd
8.93%
19%
Axis Bank Ltd
8.79%
0%
State Bank of India
5.76%
-27.9%
Shriram Finance Ltd
4.93%
0%
See all
Top Stocks bought last month
BSE Ltd's allocation increased from 0.24% to 1.73%
BSE Ltd's allocation increased from 0.24% to 1.73%
HDFC Bank Ltd's allocation increased from 7.78% to 8.93%
HDFC Bank Ltd's allocation increased from 7.78% to 8.93%
Nippon Life India Asset Management Ltd Ordinary Shares's allocation increased from 1.63% to 2.57%
Nippon Life India Asset Management Ltd Ordinary Shares's allocation increased from 1.63% to 2.57%
Top Stocks sold last month
State Bank of India's allocation decreased from 8.86 % to 5.76 %
State Bank of India's allocation decreased from 8.86 % to 5.76 %
Bajaj Finance Ltd's allocation decreased from 3.86 % to 3.74 %
Bajaj Finance Ltd's allocation decreased from 3.86 % to 3.74 %
Ujjivan Small Finance Bank Ltd Ordinary Shares's allocation decreased from 3.29 % to 3.14 %
Ujjivan Small Finance Bank Ltd Ordinary Shares's allocation decreased from 3.29 % to 3.14 %

Mahindra Manulife Banking & Financial Services Fund Overview

Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.

Expense ratio0.56%
Benchmark
Nifty Financial Services TR INR
AUM₹428 Cr
Inception Date18 July, 2025
Min Lumpsum/SIP₹1,000/₹500
Exit Load
0.5%
Lock InNo Lock-in
TurnOver
0%
Risk
Risk meter
pointer
Very High Risk

About Mahindra Manulife Banking & Financial Services Fund

Mahindra Manulife Banking & Financial Services Fund is an equity fund. This fund was started on 18 July, 2025. The fund is managed by Chetan Gindodia, Vishal Jajoo. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Mahindra Manulife Banking & Financial Services Fund has ₹428 Cr worth of assets under management (AUM) as on Jun 2026 and is more than category average.
  2. The fund has an expense ratio 0.6.

Returns

Mahindra Manulife Banking & Financial Services Fund has given a CAGR return of 8.78% since inception.

Holdings

Mahindra Manulife Banking & Financial Services Fund has allocated its funds majorly in Financial Services, Cash Equivalent. Its top holdings are ICICI Bank Ltd, HDFC Bank Ltd, Axis Bank Ltd, State Bank of India, Shriram Finance Ltd

Taxation

As it is a sector - financial services mutual fund the taxation is as follows:
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
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

Investment objective of Mahindra Manulife Banking & Financial Services Fund

The objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity related securities of companies engaged in the banking and financial services activities. However, there is no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee/indicate any returns

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 500.00. Mahindra Manulife Banking & Financial Services Fund has no lock in period.

Fund Manager

Chetan Gindodia

Fund Manager of Mahindra Manulife Banking & Financial Services Fund, since 18 July 2025

Vishal Jajoo

Fund Manager of Mahindra Manulife Banking & Financial Services Fund, since 18 July 2025

Learn more about Mahindra Mutual Fund
Parameters
May'26
Apr'26
Mar'26
AUM
₹ 427.7 Cr
₹ 427.2 Cr
₹ 373.1 Cr
  • AUM of the fund stands at 427.7 Cr as of May'26
  • AUM increased by 0.6 Cr between May'26 and Apr'26

Frequently Asked Questions for Mahindra Manulife Banking & Financial Services Fund

How do I invest in Mahindra Manulife Banking & Financial Services Fund?

INDmoney makes it simple to invest in the Mahindra Manulife Banking & Financial Services Fund. To do so, follow the steps below:
  • Download the INDmoney app.
  • Search for ‘Mahindra Manulife Banking & Financial Services Fund’.
  • Select whether you want to invest in SIP or lump sum.
  • Enter the amount you wish to invest.
  • Set up payments via bank mandate or UPI.

What is the current NAV of Mahindra Manulife Banking & Financial Services Fund?

The NAV of the fund today is ₹10.88. NAV or Net Asset Value is the per unit price of a mutual fund. For example, if the NAV of a fund is ₹10, it means you can get 1000 units of that mutual fund at ₹10,000.

Who is the fund manager of Mahindra Manulife Banking & Financial Services Fund?

The fund managers are Chetan Gindodia, Vishal Jajoo.

What is the exit load of the fund?

The exit load is 0.5% if redeemed in 0-3 Months. Exit load is a fee levied for ‘exiting’ the fund earlier than a stipulated period, usually 1 year.

What is the expense ratio of the fund?

The expense ratio is 0.56%. The Expense Ratio is a fee charged for managing the fund. This includes commissions, administrative costs etc.

What is the AUM of the fund?

The AUM of the fund is ₹428 Cr. AUM stands for Assets Under Management. It refers to the total assets managed by the fund.

What are the top holdings of Mahindra Manulife Banking & Financial Services Fund?

The top 3 holdings of the fund are ICICI Bank Ltd(13.01%), HDFC Bank Ltd(8.93%), Axis Bank Ltd(8.79%)