Mahindra Manulife Business Cycle Fund
Get the latest NAV of Mahindra Manulife Business Cycle 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.
₹15.97
▲0.2%1D
NAV as on 22 May 2026
18.93%/per year
Since Inception
▲▼
206 people have invested ₹ 4.2L in Mahindra Manulife Business Cycle Fund 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 (22-May-26)
The fund has outperformed the benchmark (Nifty 500) over 1Y, but underperformed over 3Y, 5Y.
Peer comparison
Mahindra Manulife Business Cycle Fund Returns Calculator
Calculate SIP and lumpsum returns based on historical performance
Total Investment
0
Profit
Total Corpus
0
Mahindra Manulife Business Cycle Fund Asset Allocation
See fund asset allocation details as on (14-May-26)
Fund Distribution
as on (14-May-26)
Mahindra Manulife Business Cycle Fund Sector Allocation
See fund sector allocation details as on (14-May-26)
Sector Allocation
Top 3 Sectors in April were Financial Services, Basic Materials & Consumer Cyclical
Financial Services
20%
Basic Materials
15%
Consumer Cyclical
12%
Financial Services
21%
Basic Materials
15%
Consumer Cyclical
12%
Mahindra Manulife Business Cycle Fund Holdings Details
as on (30-Apr-26)
Mahindra Manulife Business Cycle Fund Overview
Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.
| Expense ratio | 0.48% |
Benchmark | Nifty 500 TRI |
| AUM | ₹1306 Cr |
| Inception Date | 13 September, 2023 |
| Min Lumpsum/SIP | ₹1,000/₹500 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 63.6% |
| Risk |   Very High Risk |
About Mahindra Manulife Business Cycle Fund
Mahindra Manulife Business Cycle Fund is an equity fund. This fund was started on 13 September, 2023. The fund is managed by Krishna Sanghavi, Renjith Sivaram, Vishal Jajoo. The fund could potentially beat inflation in the long-run.
Key Parameters
- Mahindra Manulife Business Cycle Fund has ₹1306 Cr worth of assets under management (AUM) as on May 2026 and is more than category average.
- The fund has an expense ratio 0.5.
Returns
Mahindra Manulife Business Cycle Fund has given a CAGR return of 18.93% since inception. Over the last 1 year the fund has given a CAGR return of 8.44%.
Holdings
Mahindra Manulife Business Cycle Fund has allocated its funds majorly in Cash Equivalent, Financial Services, Basic Materials, Consumer Cyclical, Health, Industrial, Utilities, Energy, Tech, Communication, Consumer Defensive. Its top holdings are Reliance Industries Ltd, Bajaj Auto Ltd, Indus Towers Ltd Ordinary Shares, Infosys Ltd, Grasim Industries 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 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 Business Cycle Fund
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 has no lock in period.
Fund Manager
Krishna Sanghavi
Fund Manager of Mahindra Manulife Business Cycle Fund, since 13 September 2023
Renjith Sivaram
Fund Manager of Mahindra Manulife Business Cycle Fund, since 13 September 2023
Vishal Jajoo
Fund Manager of Mahindra Manulife Business Cycle Fund, since 2 May 2025
- AUM of the fund stands at 1.3K Cr as of Apr'26
- AUM increased by 129.5 Cr between Apr'26 and Mar'26
Frequently Asked Questions for Mahindra Manulife Business Cycle Fund
How do I invest in Mahindra Manulife Business Cycle Fund?
- Download the INDmoney app.
- Search for ‘Mahindra Manulife Business Cycle 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.