Mahindra Manulife Manufacturing Fund Direct Growth

Mahindra Manulife Manufacturing Fund Direct Growth is an equity fund. This fund was started on 24 June, 2024. The fund is managed by Manish Lodha, Renjith Sivaram. The fund could potentially beat inflation in the long-run.

1. Mahindra Manulife Manufacturing Fund Direct Growth has ₹839 Cr worth of assets under management (AUM) as on Aug 2025 and is more than category average.
2. The fund has an expense ratio 0.7.
   

Mahindra Manulife Manufacturing Fund Direct Growth has given a CAGR return of -2.74% since inception. Over the last 1 year the fund has given a CAGR return of -2.37%.

Mahindra Manulife Manufacturing Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Industrial, Consumer Cyclical, Basic Materials, Energy, Consumer Defensive, Health, Utilities, Financial Services. Its top holdings are Mahindra & Mahindra Ltd, Reliance Industries Ltd, Deepak Fertilisers & Petrochemicals Corp Ltd, Divi's Laboratories Ltd, Bharat Electronics Ltd

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.

The Scheme shall seek to generate long term capital appreciation by investing predominantly in equity and equity related securities of companies engaged in manufacturing theme. However, there is no assurance that the 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 Manufacturing Fund Direct Growth has no lock in period.