Mahindra Manulife Focused Fund Direct Growth

Mahindra Manulife Focused Fund Direct Growth is an equity fund. This fund was started on 17 November, 2020. The fund is managed by Fatema Pacha, Krishna Sanghavi. The fund could potentially beat inflation in the long-run.

1. Mahindra Manulife Focused Fund Direct Growth has ₹2112 Cr worth of assets under management (AUM) as on Jun 2025 and is more than category average.
2. The fund has an expense ratio 0.4.
   

Mahindra Manulife Focused Fund Direct Growth has given a CAGR return of 26.38% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 5.04% and 26.66% respectively.

Mahindra Manulife Focused Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Energy, Basic Materials, Consumer Defensive, Tech, Utilities, Communication, Industrial, Health. Its top holdings are HDFC Bank Ltd, Reliance Industries Ltd, ICICI Bank Ltd, State Bank of India, Indus Towers Ltd Ordinary Shares

As it is a focused fund 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 concentrated portfolio of equity & equity related instruments of maximum 30 companies across market capitalisation. However, there can be no assurance that the investment objective of the Scheme will be achieved.

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