Mahindra Manulife Innovation Opportunities Fund Direct Growth

Mahindra Manulife Innovation Opportunities Fund Direct Growth

Equity

Mahindra Mutual Fund

Equity - Other

Get the latest NAV of Mahindra Manulife Innovation Opportunities 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.

₹11.29

NAV as on 05 Aug 2026

12.41%/per year

Since Inception

Absolute Gain%

▲▼

69 people have invested ₹ 1.2L in Mahindra Manulife Innovation Opportunities Fund in the last three months

Mahindra Manulife Innovation Opportunities Fund Performance vs. Nifty 500

Fund returns vs Benchmark returns vs Category Average returns as on (05-Aug-26)

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

Period
1M
3M
6M
1Y
3Y
5Y
This Fund
2.48%
8.97%
10.82%
--
--
--
Nifty 500
-0.12%
0.75%
1.22%
-1.9%
10.78%
10.92%
Equity - Other Avg
--
--
--
--
--
--
Best in Equity - Other
3.28%
9.91%
13.47%
--
--
--
Worst in Equity - Other
0.57%
-0.18%
-3.88%
--
--
--

Peer comparison

Fund Name
INDmoney Rank
AUM (in Crs.)
Expense Ratio
1Y Returns
3Y Returns
3Y Alpha
3Y Beta
3Y Sharpe
3Y Sortino
3Y Info Ratio
Mahindra Manulife Innovation Opportunities Fund
-
206Cr
0.55%
-
-
--
--
--
--
--
ICICI Prudential India Opportunities Fund
1/35
37,257Cr
0.6%
6.24%
17.34%
4.73
0.80
0.79
1.19
0.90
Aditya Birla Sun Life Special Opportunities Fund Dir
2/35
1,166Cr
0.95%
19.55%
20.66%
6.87
0.96
0.85
1.39
2.04
Franklin India Opportunities Fund
3/35
9,192Cr
0.47%
6.75%
22.9%
8.41
1.04
0.88
1.43
1.39
See all

Mahindra Manulife Innovation Opportunities Fund Returns Calculator

Calculate SIP and lumpsum returns based on historical performance

  • 1-time

  • SIP

Total Investment

0

Profit

Total Corpus

0

Absolute Return
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Mahindra Manulife Innovation Opportunities Fund Asset Allocation

See fund asset allocation details as on (14-Jul-26)

Fund Distribution

as on (14-Jul-26)

Large cap
43.2%
Mid cap
35.2%
Small cap
18.7%
Small Cap allocation has gone down from 21.7% to 18.7%
Small Cap allocation has gone down from 21.7% to 18.7%
Mid Cap allocation has gone down from 35.4% to 35.2%
Mid Cap allocation has gone down from 35.4% to 35.2%
Large Cap allocation has gone up from 41.6% to 43.2%
Large Cap allocation has gone up from 41.6% to 43.2%
Cash allocation has gone up from 1.3% to 3%
Cash allocation has gone up from 1.3% to 3%

Mahindra Manulife Innovation Opportunities Fund Sector Allocation

See fund sector allocation details as on (14-Jul-26)

Sector Allocation

Top 3 Sectors in June were Industrial, Financial Services & Consumer Cyclical

Jun'26

Industrial

25%

Financial Services

21%

Consumer Cyclical

15%

May'26

Industrial

25%

Financial Services

20%

Consumer Cyclical

15%

Mahindra Manulife Innovation Opportunities Fund Holdings Details

as on (30-Jun-26)

Holdings
Weight%
1M Change
Eternal Ltd
3.91%
0%
ICICI Bank Ltd
3.4%
0%
Bajaj Finance Ltd
3.16%
0%
Axis Bank Ltd
3.02%
0%
InterGlobe Aviation Ltd
2.85%
0%
See all
Top Stocks bought last month
Coforge Ltd's allocation increased from 1.15% to 2.02%
Coforge Ltd's allocation increased from 1.15% to 2.02%
K.P.R. Mill Ltd's allocation increased from 1.42% to 1.98%
K.P.R. Mill Ltd's allocation increased from 1.42% to 1.98%
Vodafone Idea Ltd's allocation increased from 1.58% to 2.02%
Vodafone Idea Ltd's allocation increased from 1.58% to 2.02%
Top Stocks sold last month
Eternal Ltd's allocation decreased from 4.14 % to 3.93 %
Eternal Ltd's allocation decreased from 4.14 % to 3.93 %
ICICI Bank Ltd's allocation decreased from 3.54 % to 3.29 %
ICICI Bank Ltd's allocation decreased from 3.54 % to 3.29 %
Acutaas Chemicals Ltd's allocation decreased from 3.34 % to 3.23 %
Acutaas Chemicals Ltd's allocation decreased from 3.34 % to 3.23 %

Mahindra Manulife Innovation Opportunities Fund Overview

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

Expense ratio0.55%
Benchmark
Nifty 500 TRI
AUM₹206 Cr
Inception Date30 January, 2026
Min Lumpsum/SIP₹1,000/₹500
Exit Load
0.5%
Lock InNo Lock-in
TurnOver
0%
Risk
Risk meter
pointer
Very High Risk

About Mahindra Manulife Innovation Opportunities Fund

Mahindra Manulife Innovation Opportunities Fund Direct Growth is an equity fund. This fund was started on 30 January, 2026. The fund is managed by Nilesh Jethani. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Mahindra Manulife Innovation Opportunities Fund has ₹206 Cr worth of assets under management (AUM) as on Jul 2026 and is more than category average.
  2. The fund has an expense ratio 0.6.

Returns

Mahindra Manulife Innovation Opportunities Fund has given a CAGR return of 12.41% since inception.

Holdings

Mahindra Manulife Innovation Opportunities Fund has allocated its funds majorly in Cash Equivalent, Industrial, Financial Services, Consumer Cyclical, Health, Tech, Basic Materials, Communication, Consumer Defensive, Energy, Utilities. Its top holdings are Eternal Ltd, ICICI Bank Ltd, Bajaj Finance Ltd, Axis Bank Ltd, InterGlobe Aviation 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 Innovation Opportunities Fund

The Scheme shall seek to generate long term capital appreciation by investing predominantly in equity and equity related securities of companies following innovation theme. However, there is no assurance that the objective of the Scheme will be achieved.

Minimum Investment and lockin period

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

Fund Manager

Nilesh Jethani

Fund Manager of Mahindra Manulife Innovation Opportunities Fund, since 30 January 2026

Learn more about Mahindra Mutual Fund
Parameters
Jun'26
May'26
Apr'26
AUM
₹ 194 Cr
₹ 194 Cr
₹ 181.4 Cr
  • AUM of the fund stands at 194 Cr as of Jun'26
  • AUM has remained same between Jun'26 and May'26

Frequently Asked Questions for Mahindra Manulife Innovation Opportunities Fund Direct Growth

How do I invest in Mahindra Manulife Innovation Opportunities Fund?

INDmoney makes it simple to invest in the Mahindra Manulife Innovation Opportunities Fund. To do so, follow the steps below:
  • Download the INDmoney app.
  • Search for ‘Mahindra Manulife Innovation Opportunities 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.

What is the current NAV of Mahindra Manulife Innovation Opportunities Fund?

The NAV of the fund today is ₹11.29. NAV or Net Asset Value is the per unit price of a mutual fund. For example, if the NAV of a fund is ₹10, it means you can get 1000 units of that mutual fund at ₹10,000.

Who is the fund manager of Mahindra Manulife Innovation Opportunities Fund?

The fund managers are Nilesh Jethani.

What is the exit load of the fund?

The exit load is 0.5% if redeemed in 0-3 Months. Exit load is a fee levied for ‘exiting’ the fund earlier than a stipulated period, usually 1 year.

What is the expense ratio of the fund?

The expense ratio is 0.55%. The Expense Ratio is a fee charged for managing the fund. This includes commissions, administrative costs etc.

What is the AUM of the fund?

The AUM of the fund is ₹206 Cr. AUM stands for Assets Under Management. It refers to the total assets managed by the fund.

What are the top holdings of Mahindra Manulife Innovation Opportunities Fund?

The top 3 holdings of the fund are Eternal Ltd(3.91%), ICICI Bank Ltd(3.4%), Bajaj Finance Ltd(3.16%)