Mahindra Manulife Banking & Financial Services Fund
- NAV as on 25 Sep 2026
- ₹10.39+0.28%1 day
- Return since launch
- 3.2%
- 52-week range
- ₹9.29 — ₹11.05
- AUM
- ₹477 Cr
Mahindra Manulife Banking & Financial Services Fund is a Sectoral-Banking equity fund from Mahindra Manulife Mutual Fund with ₹477 Cr under management, launched in 2025. The expense ratio is 2.84% and the SEBI riskometer reading is Very High.
Performance
Mahindra Manulife Banking & Financial Services Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +5.8% against +2.1% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | -1.2% | −4.7 pts | 3.4% | -3.7% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -6.0% | −1.0 pts | -5.0% | -3.9% |
| 3M | -2.7% | +0.8 pts | -3.5% | -3.4% |
| 6M | 8.0% | +0.6 pts | 7.4% | 7.3% |
| 1Y | 5.8% | +2.4 pts | 3.4% | 2.0% |
Since launch (27 Jun 2025): 3.2%
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
2.79%
Expense ratio as on 25 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 2.10%
- Brokerage
- 0.13%
- Transaction charges
- 0.01%
- Statutory levies
- 0.55%
- Exit load
- Exit load of 0.50%, if redeemed within 3 months.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY Financial Services TRI
- 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.
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
Portfolio
Mahindra Manulife Banking & Financial Services Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity94.9%
- Other5.1%
Market cap split
- Large59.1%
- Mid28.4%
- Small12.5%
- P/E
- 20.06
- P/B
- 2.56
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| ICICI Bank Ltd. | Financial | 12.18% | ₹58.16 Cr | +13.01% | +13.27% | +16.48% |
| HDFC Bank Ltd. | Financial | 7.61% | ₹36.35 Cr | +8.93% | +11.61% | +18.65% |
| Axis Bank Ltd. | Financial | 7.41% | ₹35.39 Cr | +8.79% | +8.52% | +7.14% |
| State Bank of India | Financial | 5.55% | ₹26.49 Cr | +5.76% | +6.69% | +5.92% |
| Multi Commodity Exchange Of India Ltd. | Services | 5.29% | ₹25.25 Cr | +0.87% | +2.58% | +2.42% |
| Shriram Finance Ltd | Financial | 5.18% | ₹24.73 Cr | +4.93% | +3.34% | +1.68% |
| Others | Others | 5.06% | ₹24.18 Cr | +0.48% | +3.39% | +4.62% |
| Bajaj Finance Ltd. | Financial | 4.66% | ₹22.25 Cr | +3.74% | +5.89% | +5.95% |
| Aditya Birla Capital Ltd. | Financial | 3.80% | ₹18.16 Cr | +4.28% | +3.06% | — |
| Ujjivan Small Finance Bank Ltd. | Financial | 3.58% | ₹17.07 Cr | +3.14% | +2.88% | — |
| One97 Communications Ltd. | Services | 3.18% | ₹15.20 Cr | — | — | — |
| Kotak Mahindra Bank Ltd. | Financial | 3.10% | ₹14.78 Cr | +3.10% | +4.08% | +4.58% |
| Nippon Life India Asset Management Ltd. | Financial | 2.95% | ₹14.07 Cr | +2.57% | — | +1.78% |
| Karur Vysya Bank Ltd. | Financial | 2.85% | ₹13.61 Cr | +3.09% | +1.41% | +2.28% |
| Max Financial Services Ltd. | Financial | 2.76% | ₹13.18 Cr | +3.28% | +2.52% | +0.94% |
| SBI Life Insurance Company Ltd. | Insurance | 2.73% | ₹13.05 Cr | +3.21% | +2.45% | +2.71% |
| PB Fintech Ltd. | Services | 2.71% | ₹12.94 Cr | +2.75% | +0.49% | — |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 2.16% | ₹10.29 Cr | +1.99% | +2.87% | +1.23% |
| Indusind Bank Ltd. | Financial | 2.15% | ₹10.27 Cr | — | — | — |
| L&T Finance Ltd. | Financial | 1.78% | ₹8.51 Cr | +3.55% | — | — |
| Bandhan Bank Ltd. | Financial | 1.61% | ₹7.67 Cr | +2.28% | +1.68% | — |
| Tata Capital Ltd. | Financial | 1.52% | ₹7.24 Cr | +1.87% | +1.28% | — |
| PNB Housing Finance Ltd. | Financial | 1.20% | ₹5.71 Cr | +1.20% | +0.97% | +0.99% |
| SBI Funds Management Ltd. | Financial | 1.07% | ₹5.13 Cr | — | — | — |
| DCB Bank Ltd. | Financial | 1.04% | ₹4.95 Cr | +0.93% | +0.68% | — |
| company:5657 | Financial | 1.03% | ₹4.92 Cr | +0.42% | +2.17% | — |
| Fedbank Financial Services Ltd. | Financial | 0.99% | ₹4.72 Cr | +1.57% | — | — |
| Union Bank of India | Financial | 0.99% | ₹4.72 Cr | — | +1.06% | — |
| 360 One Wam Ltd. | Financial | 0.98% | ₹4.70 Cr | +1.55% | — | — |
| company:9821 | Financial | 0.93% | ₹4.45 Cr | — | — | — |
| Indian Bank | Financial | 0.88% | ₹4.21 Cr | +0.91% | +1.10% | +2.36% |
| Angel One Ltd. | Financial | 0.64% | ₹3.06 Cr | +1.68% | — | — |
| company:896 | Financial | 0.28% | ₹1.33 Cr | — | +0.99% | — |
| BSE Ltd. | Services | 0.15% | ₹0.72 Cr | +1.73% | +0.31% | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| BSE Ltd. | 2.33% | 0.15% | -2.18% |
| ICICI Prudential Asset Management Company Ltd. | 2.00% | 0.00% | -2.00% |
| One97 Communications Ltd. | 1.52% | 3.18% | +1.66% |
| company:5657 | 0.00% | 1.03% | +1.03% |
| Multi Commodity Exchange Of India Ltd. | 4.34% | 5.29% | +0.95% |
| company:9821 | 0.00% | 0.93% | +0.93% |
| Nippon Life India Asset Management Ltd. | 2.02% | 2.95% | +0.93% |
| Angel One Ltd. | 1.38% | 0.64% | -0.74% |
| HDFC Bank Ltd. | 8.33% | 7.61% | -0.72% |
| Bajaj Finance Ltd. | 5.22% | 4.66% | -0.56% |
| Repco Home Finance Ltd. | 0.51% | 0.00% | -0.51% |
| Fedbank Financial Services Ltd. | 1.39% | 0.99% | -0.40% |
| SBI Life Insurance Company Ltd. | 3.06% | 2.73% | -0.33% |
| PB Fintech Ltd. | 2.40% | 2.71% | +0.31% |
| ICICI Bank Ltd. | 12.47% | 12.18% | -0.29% |
| company:896 | 0.00% | 0.28% | +0.28% |
| Ujjivan Small Finance Bank Ltd. | 3.85% | 3.58% | -0.27% |
| Bandhan Bank Ltd. | 1.77% | 1.61% | -0.16% |
| Axis Bank Ltd. | 7.27% | 7.41% | +0.14% |
| Shriram Finance Ltd | 5.06% | 5.18% | +0.12% |
| DCB Bank Ltd. | 0.92% | 1.04% | +0.12% |
| Kotak Mahindra Bank Ltd. | 2.99% | 3.10% | +0.11% |
| Others | 0.15% | 0.05% | -0.10% |
| Aditya Birla Capital Ltd. | 3.89% | 3.80% | -0.09% |
| Cholamandalam Investment and Finance Company Ltd. | 2.23% | 2.16% | -0.07% |
| Indusind Bank Ltd. | 2.22% | 2.15% | -0.07% |
| SBI Funds Management Ltd. | 1.14% | 1.07% | -0.07% |
| Karur Vysya Bank Ltd. | 2.91% | 2.85% | -0.06% |
| Union Bank of India | 0.93% | 0.99% | +0.06% |
| PNB Housing Finance Ltd. | 1.14% | 1.20% | +0.06% |
| Tata Capital Ltd. | 1.56% | 1.52% | -0.04% |
| State Bank of India | 5.58% | 5.55% | -0.03% |
| Max Financial Services Ltd. | 2.73% | 2.76% | +0.03% |
| Indian Bank | 0.85% | 0.88% | +0.03% |
| L&T Finance Ltd. | 1.79% | 1.78% | -0.01% |
| 360 One Wam Ltd. | 0.99% | 0.98% | -0.01% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹2,982 Cr | 2.23% | -0.6% | 8.8% | 12.4% |
 SBI Banking & Financial Services Fund | ₹10,873 Cr | 2.16% | -7.2% | 6.8% | 11.6% |
 Invesco India Financial Services Fund | ₹1,896 Cr | 2.19% | -3.1% | 7.8% | 13.2% |
 Bandhan Financial Services Fund | ₹1,122 Cr | 2.49% | -2.7% | 5.5% | — |
 Quant BFSI Fund | ₹922 Cr | 3.48% | 14.7% | 15.3% | — |
 Kotak Nifty Financial Services Ex-Bank Index Fund | ₹99.18 Cr | 0.83% | -4.7% | 8.6% | — |
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 by investing predominantly in equity and equity related securities of companies engaged in the banking and financial services activities.
Fund managers
- Chetan GindodiaMr. Gindodia has done B.Com, CA and CFAPrior to joining Mahindra Manulife Mutual Fund, he has worked with PGIM India MF, Alf Accurate Advisors, Multi-Act India and EY
- 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
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 past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months7.99% absolute | ₹60,000 | ₹64,794 | 7.99% | |
| 1 year5.80% annualised | ₹1,20,000 | ₹1,23,838 | 3.20% |
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.