Mahindra Manulife Consumption Fund Direct Growth

Mahindra Manulife Consumption Fund Direct Growth is an equity fund. This fund was started on 16 November, 2018. The fund is managed by Fatema Pacha, Navin Matta. The fund could potentially beat inflation in the long-run.

1. Mahindra Manulife Consumption Fund Direct Growth has ₹515 Cr worth of assets under management (AUM) as on Jul 2025 and is more than category average.
2. The fund has an expense ratio 0.7.
   

Mahindra Manulife Consumption Fund Direct Growth has given a CAGR return of 14.53% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of -2.31%, 17.33% and 21.00% respectively.

Mahindra Manulife Consumption Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Consumer Cyclical, Consumer Defensive, Communication, Industrial, Basic Materials, Utilities, Health. Its top holdings are Bharti Airtel Ltd, ITC Ltd, Eternal Ltd, Mahindra & Mahindra Ltd, Hindustan Unilever Ltd

As it is a equity - consumption 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.

The investment objective of the Scheme is to generate long term capital appreciation by investing in a portfolio of companies that are likely to benefit from consumption led demand in India.

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