Mahindra Manulife Business Cycle Fund Direct Growth

Mahindra Manulife Business Cycle Fund Direct Growth

Get the latest NAV of Mahindra Manulife Business Cycle 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.

₹14.84

0.9%1D

NAV as on 15 May 2025

26.52%/per year

Since Inception

Absolute Gain%

201 people have invested ₹ 3.6L in Mahindra Manulife Business Cycle Fund Direct Growth in the last three months

Mahindra Manulife Business Cycle Fund Performance vs. Nifty 500

Fund returns vs Benchmark returns vs Category Average returns as on (15-May-25)

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

Period
This Fund
Nifty 500
Category Avg
1 Month
7.4%
7.09%
-
3 Months
11.16%
10.45%
-
6 Months
1.71%
3.76%
-
1 Year
10.09%
9.87%
-

Peer comparison

Fund Name
INDmoney Rank
AUM (in Crs.)
Expense Ratio
1Y Returns
3Y Returns
Inception Returns
Mahindra Manulife Business Cycle Fund
-
1,175Cr
0.47%
10.09%
-
26.52%
ICICI Prudential India Opportunities Fund Direct Growth
1/39
27,197Cr
0.69%
15.99%
28.75%
23.22%
ICICI Prudential Business Cycle Fund Direct Growth
2/39
12,375Cr
0.74%
11.52%
26.39%
23.29%
Nippon India Power & Infra Fund Direct Growth
7/39
7,026Cr
1.03%
3.8%
34.43%
15.67%

Mahindra Manulife Business Cycle Fund Returns Calculator

Calculate SIP and lumpsum returns based on historical performance

  • 1-time

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Total Investment

0

Profit


Total Corpus

0

Absolute Return

Mahindra Manulife Business Cycle Fund Asset Allocation

See fund asset allocation details as on (13-May-25)

Fund Distribution

as on (13-May-25)

Equity 99.5%

Debt & Cash 0.5%

Large cap
61.9%

Small cap
30%

Mid cap
7.4%

Mid Cap allocation has gone up from 6.7% to 7.4%
Mid Cap allocation has gone up from 6.7% to 7.4%
Large Cap allocation has gone up from 60.1% to 61.9%
Large Cap allocation has gone up from 60.1% to 61.9%
Small Cap allocation has gone up from 27.9% to 30%
Small Cap allocation has gone up from 27.9% to 30%
Cash allocation has gone down from 5.1% to 0.5%
Cash allocation has gone down from 5.1% to 0.5%

Mahindra Manulife Business Cycle Fund Sector Allocation

See fund sector allocation details as on (13-May-25)

Sector Allocation

Equity 99.5%

Debt & Cash 0.5%

Financial Services
23.4%
Basic Materials
13%
Energy
10.5%
Consumer Defensive
9.1%
Health
8.3%
Industrial
8.3%
Tech
8.2%
Utilities
7.7%
Consumer Cyclical
7.2%
Communication
3.3%
Real Estate
1.2%

Top 3 Sectors in April were Financial Services, Basic Materials & Consumer Cyclical

Apr'25

Financial Services

21%

Basic Materials

15%

Consumer Cyclical

13%

Mar'25

Financial Services

25%

Basic Materials

13%

Consumer Cyclical

11%

Mahindra Manulife Business Cycle Fund Holdings Details

as on (30-Apr-25)

Equity

Holdings
Weight%
1M Change
Reliance Industries Ltd
6.02%
11%
State Bank of India
4.09%
0%
HDFC Bank Ltd
3.19%
-38.1%
Infosys Ltd
3.13%
100%
ITC Ltd
2.9%
0%
Top Stocks bought last month
Reliance Industries Ltd's allocation increased from 5.13% to 6.02%
Reliance Industries Ltd's allocation increased from 5.13% to 6.02%
Tech Mahindra Ltd's allocation increased from 1.27% to 1.84%
Tech Mahindra Ltd's allocation increased from 1.27% to 1.84%
Wipro Ltd's allocation increased from 1.13% to 1.64%
Wipro Ltd's allocation increased from 1.13% to 1.64%
Top Stocks sold last month
State Bank of India's allocation decreased from 4.17 % to 4.09 %
State Bank of India's allocation decreased from 4.17 % to 4.09 %
HDFC Bank Ltd's allocation decreased from 5.1 % to 3.19 %
HDFC Bank Ltd's allocation decreased from 5.1 % to 3.19 %
ITC Ltd's allocation decreased from 2.9 % to 2.9 %
ITC Ltd's allocation decreased from 2.9 % to 2.9 %

Mahindra Manulife Business Cycle Fund Direct Growth Overview

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

Expense ratio0.47%
Benchmark
Nifty 500 TRI
AUM₹1175 Cr
Inception Date13 September, 2023
Min Lumpsum/SIP₹1000/₹500
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
101.09%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

About Mahindra Manulife Business Cycle 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 Krishna Sanghavi. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Mahindra Manulife Business Cycle Fund Direct Growth has ₹1175 Cr worth of assets under management (AUM) as on Apr 2025 and is less than category average.
  2. The fund has an expense ratio 0.5.

Returns

Mahindra Manulife Business Cycle Fund Direct Growth has given a CAGR return of 26.52% since inception. Over the last 1 year the fund has given a CAGR return of 10.09%.

Holdings

Mahindra Manulife Business Cycle Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Basic Materials, Consumer Cyclical, Energy, Consumer Defensive, Tech, Health, Industrial, Utilities, Communication, Real Estate. Its top holdings are Reliance Industries Ltd, State Bank of India, HDFC Bank Ltd, Infosys 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 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 Business Cycle Fund Direct Growth

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 1000.00 and for SIP is INR 500.00. Mahindra Manulife Business Cycle Fund Direct Growth has no lock in period.

Fund Manager

Krishna Sanghavi

Fund Manager of Mahindra Manulife Business Cycle Fund Direct Growth, since 13 September 2023

Learn more about Mahindra Mutual Fund
Parameters
Apr'25
Mar'25
Feb'25
AUM
₹ 1.2K Cr
₹ 1.1K Cr
₹ 1.1K Cr
  • AUM of the fund stands at 1.2K Cr as of Apr'25
  • AUM increased by 46.8 Cr between Apr'25 and Mar'25

Frequently Asked Questions for Mahindra Manulife Business Cycle Fund Direct Growth

What is the current NAV of Mahindra Manulife Business Cycle Fund Direct Growth?

The current NAV of Mahindra Manulife Business Cycle Fund Direct Growth is ₹14.84 as on 15-May-2025.

What are the average returns of Mahindra Manulife Business Cycle Fund Direct Growth?

Existing (Absolute + CAGR) as on 15-May-2025.
Mahindra Manulife Business Cycle Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
7.4%
7.4%
6 Month Returns
1.71%
1.71%
1 Year Returns
10.09%
10.09%
3 Years Returns
0%
0%

How do I invest in Mahindra Manulife Business Cycle Fund Direct Growth?

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.

What is the expense ratio of Mahindra Manulife Business Cycle Fund Direct Growth?

0.47% as on April 2025

What is net assets under management (AUM) of Mahindra Manulife Business Cycle Fund Direct Growth?

₹1175 Cr as on April 2025

What are the top 5 holdings of Mahindra Manulife Business Cycle Fund Direct Growth?

Reliance Industries Ltd(6.02%), State Bank of India(4.09%), HDFC Bank Ltd(3.19%), Infosys Ltd(3.13%), ITC Ltd(2.9%) as on April 2025

What are the top 3 sectors that this Mahindra Manulife Business Cycle Fund Direct Growth has invested in?

Financial Services(20.4%), Basic Materials(14.58%), Consumer Cyclical(12.45%) as on April 2025

What is the alpha of Mahindra Manulife Business Cycle Fund Direct Growth?

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 2025
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%.

What is the beta of Mahindra Manulife Business Cycle Fund Direct Growth??

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 2025
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.

What is the sharpe ratio of Mahindra Manulife Business Cycle Fund Direct Growth?

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
-0.05
-
-
As on April 2025
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.

What is the standard deviation of Mahindra Manulife Business Cycle Fund Direct Growth?

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
18.35
-
-
As on April 2025
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.

Who is the manager of Mahindra Manulife Business Cycle Fund Direct Growth?

Krishna Sanghavi is the fund manager of Mahindra Manulife Business Cycle Fund Direct Growth

What is the exit load of Mahindra Manulife Business Cycle Fund Direct Growth?

The Exit load of Mahindra Manulife Business Cycle Fund Direct Growth is 1%