Mahindra Manulife Banking & Financial Services Fund Direct Growth
Get the latest NAV of Mahindra Manulife Banking & Financial Services Fund Direct Growth. 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.
₹9.86
1D
NAV as on 22 Aug 2025
/per year
Since Inception
▲▼
188 people have invested ₹ 45.3L in Mahindra Manulife Banking & Financial Services Fund Direct Growth 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 (22-Aug-25)
The fund has outperformed the benchmark (Nifty 500) over 1Y, but underperformed over 3Y, 5Y.
Peer comparison
Mahindra Manulife Banking & Financial Services Fund Returns Calculator
Calculate SIP and lumpsum returns based on historical performance
Total Investment
0
Profit
Total Corpus
0
Mahindra Manulife Banking & Financial Services Fund Asset Allocation
See fund asset allocation details as on (14-Aug-25)
Fund Distribution
as on (14-Aug-25)
Equity 72.1%
Debt & Cash 27.9%
Mahindra Manulife Banking & Financial Services Fund Sector Allocation
See fund sector allocation details as on (14-Aug-25)
Sector Allocation
Equity 72.1%
Debt & Cash 27.9%
Mahindra Manulife Banking & Financial Services Fund Holdings Details
as on (31-Jul-25)
Equity
Mahindra Manulife Banking & Financial Services Fund Direct Growth Overview
Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.
| Expense ratio | 0.5% |
Benchmark | Nifty Financial Services TR INR |
| AUM | ₹287 Cr |
| Inception Date | 18 July, 2025 |
| Min Lumpsum/SIP | ₹1000/₹500 |
Exit Load | 0.5% |
| Lock In | No Lock-in |
TurnOver | 0% |
| Risk |   Very High Risk |
About Mahindra Manulife Banking & Financial Services Fund
Mahindra Manulife Banking & Financial Services Fund Direct Growth 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
- Mahindra Manulife Banking & Financial Services Fund Direct Growth has ₹287 Cr worth of assets under management (AUM) as on Aug 2025 and is more than category average.
- The fund has an expense ratio 0.5.
Returns
Mahindra Manulife Banking & Financial Services Fund Direct Growth has given a CAGR return of -1.36% since inception.
Holdings
Mahindra Manulife Banking & Financial Services Fund Direct Growth has allocated its funds majorly in Financial Services, Cash Equivalent. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Axis Bank Ltd, Bajaj Finance Ltd, State Bank of India
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 benefitDividends 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 Direct Growth
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 Direct Growth has no lock in period.
Fund Manager
Chetan Gindodia
Fund Manager of Mahindra Manulife Banking & Financial Services Fund Direct Growth, since 18 July 2025
Vishal Jajoo
Fund Manager of Mahindra Manulife Banking & Financial Services Fund Direct Growth, since 18 July 2025
More funds from Mahindra
5Y CAGR
▲ 28.98
5Y CAGR
▲ 27.22
3Y CAGR
▲ 21.64
5Y CAGR
▲ 21.45
5Y CAGR
▲ 24.11
Frequently Asked Questions for Mahindra Manulife Banking & Financial Services Fund Direct Growth
How do I invest in Mahindra Manulife Banking & Financial Services Fund?
- 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.