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Mahindra Manulife Aggressive Hybrid Fund

Aggressive HybridVery HighOPEN-ENDED
Invest Now
NAV as on 25 Sep 2026
₹26.18+0.21%1 day
Return since launch
14.3%
52-week range
₹24.88 — ₹28.14
AUM
₹2,791 Cr

Mahindra Manulife Aggressive Hybrid Fund is a Aggressive Hybrid hybrid fund from Mahindra Manulife Mutual Fund with ₹2,791 Cr under management, launched in 2019. Over three years it has returned 2.8% a year, against 10.1% for its category. The expense ratio is 2.25% and the SEBI riskometer reading is Very High.

Performance

Returns

How the fund has done against its category and its benchmark.

Trailing returns
PeriodFundvs categoryCategoryBenchmark
1Y-5.2%−7.1 pts1.9%0.1%
2Y-1.3%−3.8 pts2.5%1.7%
3Y2.8%−7.3 pts10.1%4.1%
5Y8.5%−0.3 pts8.8%8.0%
7Y11.8%+0.2 pts11.6%10.1%

Fund against category

1Y
Fund-5.2%
Category1.9%
3Y
Fund2.8%
Category10.1%
5Y
Fund8.5%
Category8.8%

Since launch (28 Jun 2019): 14.3%

Calendar-year returns

Category average
Show as a table
Calendar-year returns
PeriodFundvs categoryCategory
20258.2%+1.3 pts6.8%
202419.5%+1.1 pts18.4%
202323.3%+0.4 pts23.0%
20224.2%+0.5 pts3.7%
202130.6%+2.7 pts27.9%
202017.2%+1.3 pts15.9%

Returns over one year are annualised. Shorter periods are absolute.

Costs & terms

Costs and terms

What the fund charges each year, and the rules around putting money in and taking it out.

Costs

2.21%

Expense ratio as on 25 Sep 2026

Charged yearly and already deducted from the NAV.

Base expense
1.69%
Brokerage
0.09%
Transaction charges
0.01%
Statutory levies
0.42%
Exit load
Exit load for units more than 10% of the investments, an exit load of 1% if redeemed within 3 months.
Lock-in
None

Terms

Min SIP
₹3,000
Min lumpsum
₹5,000
Plan
GROWTH
Fund type
OPEN-ENDED
Benchmark
CRISIL Hybrid 35+65 Aggressive Index
Short-term capital gains
Returns taxed at 20% if you redeem before 1 year
Long-term capital gains
After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%

Risk

Risk

What the riskometer means for this fund, and how its ratios sit against the category.

Very High

Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.

Risk ratios
RatioFundCategory avgRead as
Alpha——Return earned above what the benchmark alone would have given. Higher is better.
Beta—1.11How hard the fund moves when the market moves. Under 1 is steadier than the market.
Sharpe0.510.68Return earned for each unit of total risk taken. Higher is better.
Sortino0.680.90Return earned for each unit of downside risk. Higher is better.
Std. deviation11.4512.92How widely monthly returns have varied around their own average. Lower is steadier.
Average of 5 category peers

Portfolio

Mahindra Manulife Aggressive Hybrid Fund portfolio

Portfolio as of 31 Aug 2026

Asset allocation

  • Equity74.1%
  • Debt19.8%
  • Other6.1%

Market cap split

  • Large57.9%
  • Mid30.1%
  • Small12.0%
P/E
29.51
P/B
3.73

Top holdings

HoldingSectorWeightValue3M chg6M chg1Y chg
ICICI Bank Ltd.Financial5.29%₹148 Cr+5.72%+5.76%+5.68%
OthersOthers4.71%₹132 Cr+0.12%+1.80%+3.87%
HDFC Bank Ltd.Financial3.98%₹111 Cr+5.23%+5.78%+6.38%
Reliance Industries Ltd.Energy2.50%₹69.85 Cr+2.92%+4.19%+4.27%
Bharti Airtel Ltd.Communication2.20%₹61.42 Cr+2.68%+1.56%+2.28%
Bajaj Finserv Ltd.Financial2.09%₹58.41 Cr+2.23%+2.99%+2.57%
Kotak Mahindra Bank Ltd.Financial1.87%₹52.11 Cr+2.81%+1.40%+0.23%
Axis Bank Ltd.Financial1.81%₹50.54 Cr+1.03%+2.68%+1.97%
ICICI Securities Ltd.Financial1.79%₹49.92 Cr———
Kei Industries Ltd.Capital Goods1.77%₹49.34 Cr———

Sectors

  • Financial37.3%
  • Capital Goods7.9%
  • Healthcare6.8%
  • Automobile6.6%
  • Services6.1%
  • Others5.9%
  • Construction5.2%
  • Energy4.7%

Instruments

  • Debenture6.7%
  • Commercial Paper4.7%
  • Repo3.4%
  • Bonds2.5%
  • GOI Securities2.3%
  • Non Convertible Debenture1.9%
  • Real Estate Investment Trusts1.4%
  • Net Receivables1.3%

Recent changes

HoldingFromToWeight
company:58650.00%1.00%+1.00%
Kirloskar Oil Engines Ltd.0.33%1.29%+0.96%
Axis Securities Ltd.0.95%0.00%-0.95%
company:206210.00%0.86%+0.86%
Zydus Lifesciences Ltd.0.62%1.31%+0.69%
company:13080.00%0.65%+0.65%
Kotak Mahindra Bank Ltd.2.51%1.87%-0.64%
RBL Bank Ltd.0.64%0.00%-0.64%
HDFC Bank Ltd.4.61%3.98%-0.63%
company:156480.00%0.53%+0.53%
Fedbank Financial Services Ltd.0.88%0.35%-0.53%
Infosys Ltd.2.12%1.62%-0.50%
GOI0.92%0.45%-0.47%
ICICI Bank Ltd.5.73%5.29%-0.44%
DSP Finance Pvt Ltd.0.38%0.00%-0.38%
Adani Energy Solutions Ltd.1.86%1.51%-0.35%
Bharti Airtel Ltd.2.54%2.20%-0.34%
company:46710.00%0.32%+0.32%
Belrise Industries Ltd.0.85%1.15%+0.30%
Dr. Lal Pathlabs Ltd.0.60%0.85%+0.25%
Max Financial Services Ltd.0.74%0.96%+0.22%
Reliance Industries Ltd.2.72%2.50%-0.22%
company:8960.00%0.19%+0.19%
Adani Enterprises Ltd.1.49%1.33%-0.16%
Kei Industries Ltd.1.63%1.77%+0.14%
Bajaj Finserv Ltd.2.23%2.09%-0.14%
Marico Ltd.1.20%1.07%-0.13%
Titagarh Rail Systems Ltd.0.84%0.97%+0.13%
Arvind Fashions Ltd.0.34%0.46%+0.12%
Tata Power Company Ltd.0.81%0.69%-0.12%
Trent Ltd.1.23%1.11%-0.12%
Mahindra & Mahindra Ltd.1.29%1.18%-0.11%
Havells India Ltd.0.91%1.02%+0.11%
Max Healthcare Institute Ltd.1.04%0.93%-0.11%
Divi's Laboratories Ltd.0.87%0.97%+0.10%
Maharashtra State1.31%1.22%-0.09%
ICICI Securities Ltd.1.88%1.79%-0.09%
Indusind Bank Ltd.1.62%1.53%-0.09%
SRF Ltd.0.99%0.91%-0.08%
Sun Pharmaceutical Industries Ltd.1.30%1.22%-0.08%
Avenue Supermarts Ltd.1.27%1.19%-0.08%
Escorts Kubota Ltd.0.87%0.80%-0.07%
Tech Mahindra Ltd.0.98%0.91%-0.07%
Britannia Industries Ltd.0.75%0.68%-0.07%
Godrej Properties Ltd.0.68%0.61%-0.07%
Mankind Pharma Ltd.0.82%0.75%-0.07%
TVS Motor Company Ltd.1.31%1.24%-0.07%
Grindwell Norton Ltd.0.62%0.56%-0.06%
Bharti Telecom Ltd.1.04%0.98%-0.06%
HDB Financial Services Ltd.0.88%0.82%-0.06%
Bandhan Bank Ltd.0.52%0.46%-0.06%
Larsen & Toubro Ltd.1.70%1.65%-0.05%
Brookfield India Real Estate Trust REIT0.86%0.81%-0.05%
Tata Capital Ltd.0.97%0.92%-0.05%
Dr. Reddy's Laboratories Ltd.0.82%0.77%-0.05%
LG Electronics India Ltd.0.61%0.66%+0.05%
Cholamandalam Investment and Finance Company Ltd.0.76%0.72%-0.04%
Karur Vysya Bank Ltd.1.04%1.00%-0.04%
K.P.R. Mill Ltd.0.63%0.67%+0.04%
REC Ltd.0.93%0.89%-0.04%
Interglobe Aviation Ltd.0.96%0.92%-0.04%
Suzlon Energy Ltd.0.55%0.51%-0.04%
Eternal Ltd.1.47%1.50%+0.03%
Tata Housing Devp. Co. Ltd0.56%0.53%-0.03%
LIC Housing Finance Ltd.0.42%0.39%-0.03%
360 One Wam Ltd.0.90%0.88%-0.02%
Small Industries Devp. Bank of India Ltd.0.19%0.17%-0.02%
NMDC Ltd.0.86%0.84%-0.02%
Godrej Industries Ltd.0.38%0.36%-0.02%
Muthoot Finance Ltd.0.38%0.36%-0.02%
UNO Minda Ltd.1.22%1.24%+0.02%
Embassy Office Parks REIT0.41%0.39%-0.02%
TVS Credit Services Ltd.0.31%0.29%-0.02%
Astral Ltd.1.02%1.01%-0.01%
JM Financial Services Pvt. Ltd.0.22%0.21%-0.01%
Others0.06%0.05%-0.01%
Titan Company Ltd.0.77%0.76%-0.01%
National Bank For Agriculture & Rural Development0.19%0.18%-0.01%
Aarti Industries Ltd.0.64%0.65%+0.01%
360 ONE Wealth Ltd.0.08%0.07%-0.01%
Nexus Select Trust0.18%0.17%-0.01%
Pidilite Industries Ltd.0.75%0.74%-0.01%
Dixon Technologies (India) Ltd.1.48%1.47%-0.01%
CG Power and Industrial Solutions Ltd.0.52%0.53%+0.01%
Shriram Finance Ltd0.94%0.94%0.00%
Bajaj Housing Finance Ltd.0.09%0.09%0.00%
Piramal Finance Pvt. Ltd.0.11%0.11%0.00%
Sundaram Finance Ltd.0.09%0.09%0.00%
Cochin Shipyard Ltd.1.27%1.27%0.00%
Axis Bank Ltd.1.81%1.81%0.00%
TVS Motor Company Ltd - Pref. Shares0.01%0.01%0.00%

Compare

Similar funds

The rest of the category, so this fund’s numbers have something to sit against.

FundAUMExpense1Y3Y5Y
Category average₹14,483 Cr1.91%5.9%8.1%12.2%
ICICI Prudential Aggressive Hybrid Fund₹52,454 Cr1.60%-1.8%5.8%11.7%
ICICI Prudential Aggressive Hybrid Active FoF₹9,431 Cr1.50%-1.3%5.5%11.1%
HSBC Aggressive Hybrid Fund₹5,870 Cr1.96%8.9%8.5%11.3%
Bandhan Aggressive Hybrid Fund₹2,610 Cr2.25%5.5%9.0%11.4%
Bank of India Aggressive Hybrid Fund₹2,051 Cr2.25%18.3%11.6%15.4%

About

About this fund

The scheme’s own words, its benchmark and the people running it.

Investment objective

The Scheme seeks to generate long term capital appreciation and also income through investments in equity and equity related instruments and investments in debt and money market instruments.

Fund managers

  • Amit GargMr Garg is a B.Com, MMS Finance, CFAPrior to joining Mahindra Manulife Investment Management Pvt. Ltd., he has worked with Darashaw & Co. and Daiwa Asset Management (India) Pvt. Ltd.
  • Kirti DalviMMS (Finance), CFA level 2Prior to Joining the Mahindra Manulife AMC he has worked with ENAM AMC, Angel Broking Ltd.
  • Rahul PalMr. Pal is a B.Com (H) and Chartered Accountant.Prior to joining Mahindra Manulife Mutual Fund, he has worked with Taurus AMC, Sundaram Mutual Fund and IDBI Mutual Fund.
  • Vishal JajooMr. Jajoo is a Chartered Accountant, PGDM (Finance) and MBA (Investments)Prior to joining Mahindra Manulife AMC, he has worked with ITI Mutual Fund and Tata Investment Corporation Ltd
Scheme information document

Tools

Return calculator

What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.

₹
Over the pastTotal investmentWould’ve becomeGrowthReturns
6 months3.54% absolute₹60,000₹62,1243.54%
1 year−2.99% annualised₹1,20,000₹1,18,074−1.60%
3 years9.90% annualised₹3,60,000₹4,20,62516.84%
5 years9.23% annualised₹6,00,000₹7,64,64927.44%

Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.

How this is calculated

Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.

The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.

Questions

Frequently asked questions

The things people ask about this scheme.

What is the NAV of Mahindra Manulife Aggressive Hybrid Fund?
The NAV of Mahindra Manulife Aggressive Hybrid Fund is ₹26.18 as on 25 Sep 2026.
What is the expense ratio of Mahindra Manulife Aggressive Hybrid Fund?
The expense ratio of Mahindra Manulife Aggressive Hybrid Fund is 2.25% per year.
What is the minimum SIP amount for Mahindra Manulife Aggressive Hybrid Fund?
You can start a SIP in Mahindra Manulife Aggressive Hybrid Fund with ₹3,000 a month.
What returns has Mahindra Manulife Aggressive Hybrid Fund given?
Mahindra Manulife Aggressive Hybrid Fund has returned -5.2% over 1 year, 2.8% over 3 years and 8.5% over 5 years (annualised).
Is there a lock-in or exit load on Mahindra Manulife Aggressive Hybrid Fund?
Lock-in: None. Exit load: Exit load for units more than 10% of the investments, an exit load of 1% if redeemed within 3 months..
How risky is Mahindra Manulife Aggressive Hybrid Fund?
Mahindra Manulife Aggressive Hybrid Fund is rated Very High on the SEBI riskometer and belongs to the Aggressive Hybrid category.
Which fund house manages Mahindra Manulife Aggressive Hybrid Fund?
Mahindra Manulife Aggressive Hybrid Fund is managed by Mahindra Manulife Mutual Fund, which runs 27 schemes with ₹34,805 Cr under management.