Mahindra Manulife Consumption Fund
Thematic-ConsumptionVery HighOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹21.53+0.26%1 day
- Return since launch
- 10.4%
- 52-week range
- ₹19.32 — ₹23.64
- AUM
- ₹489 Cr
Mahindra Manulife Consumption Fund is a Thematic-Consumption equity fund from Mahindra Manulife Mutual Fund with ₹489 Cr under management, launched in 2018. Over three years it has returned 1.0% a year, against 9.4% for its category. The expense ratio is 2.65% and the SEBI riskometer reading is Very High.
Performance
Mahindra Manulife Consumption Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned -5.9% against -4.1% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | -3.2% | +0.2 pts | -3.4% | -1.1% |
| 2Y | -2.2% | −1.6 pts | -0.6% | -0.8% |
| 3Y | 1.0% | −8.4 pts | 9.4% | 2.1% |
| 5Y | 7.6% | −2.0 pts | 9.6% | 8.1% |
| 7Y | 10.7% | −1.2 pts | 11.9% | 11.1% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -4.3% | −0.4 pts | -3.9% | -4.2% |
| 3M | 1.2% | −1.1 pts | 2.3% | 1.3% |
| 6M | 9.1% | −4.4 pts | 13.5% | 11.2% |
| 1Y | -5.9% | −2.4 pts | -3.4% | -4.0% |
| 2Y | -8.1% | −1.6 pts | -6.5% | -6.9% |
| 3Y | 8.3% | −1.2 pts | 9.4% | 8.3% |
| 5Y | 9.3% | −0.3 pts | 9.6% | 9.0% |
| 7Y | 11.6% | −1.8 pts | 13.4% | 12.2% |
Since launch (19 Oct 2018): 10.4%
Calendar-year returns
Category average10.0%
22.6%
7.8%
27.0%
21.1%
1.3%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 1.3% | −0.8 pts | 2.0% |
| 2024 | 21.1% | −2.0 pts | 23.1% |
| 2023 | 27.0% | −3.7 pts | 30.7% |
| 2022 | 7.8% | −0.6 pts | 8.3% |
| 2021 | 22.6% | −6.8 pts | 29.4% |
| 2020 | 10.0% | −7.2 pts | 17.2% |
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
2.64%
Expense ratio as on 23 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 2.10%
- Brokerage
- 0.08%
- Transaction charges
- 0.00%
- Statutory levies
- 0.46%
- Exit load
- 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
- NIFTY India Consumption 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.
Very High
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | -1.57 | 0.19 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.95 | 1.00 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.32 | 0.42 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.38 | 0.54 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 15.73 | 16.66 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Mahindra Manulife Consumption Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity98.2%
- Other1.8%
Market cap split
- Large62.7%
- Mid15.0%
- Small22.3%
- P/E
- 37.28
- P/B
- 6.76
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Mahindra & Mahindra Ltd. | Automobile | 7.07% | ₹34.60 Cr | +6.53% | +6.25% | +4.51% |
| Eternal Ltd. | Services | 6.85% | ₹33.54 Cr | +5.21% | +4.20% | +5.57% |
| Bharti Airtel Ltd. | Communication | 6.41% | ₹31.38 Cr | +6.82% | +6.28% | +6.99% |
| Titan Company Ltd. | Consumer Discretionary | 5.49% | ₹26.85 Cr | +5.33% | +4.42% | +2.60% |
| Bajaj Auto Ltd. | Automobile | 4.24% | ₹20.73 Cr | +3.76% | +3.59% | +1.40% |
| Trent Ltd. | Services | 3.22% | ₹15.78 Cr | +3.14% | +2.32% | +2.40% |
| Maruti Suzuki India Ltd. | Automobile | 3.00% | ₹14.70 Cr | +3.17% | +3.44% | +4.58% |
| ITC Ltd. | Consumer Staples | 2.76% | ₹13.49 Cr | +3.42% | +5.05% | +6.67% |
| TVS Motor Company Ltd. | Automobile | 2.52% | ₹12.34 Cr | +2.48% | +2.22% | +1.82% |
| Hindustan Unilever Ltd. | Consumer Staples | 2.43% | ₹11.90 Cr | +3.89% | +4.27% | +4.71% |
| Avenue Supermarts Ltd. | Services | 2.37% | ₹11.60 Cr | +2.80% | +2.54% | +2.57% |
| Aditya Vision Ltd. | Services | 2.32% | ₹11.34 Cr | +2.34% | +2.02% | +1.58% |
| Radico Khaitan Ltd. | Consumer Staples | 2.29% | ₹11.21 Cr | +1.43% | +1.03% | +1.08% |
| Britannia Industries Ltd. | Consumer Staples | 2.28% | ₹11.18 Cr | +2.52% | +2.49% | +1.82% |
| Tata Consumer Products Ltd. | Consumer Staples | 2.07% | ₹10.13 Cr | +1.97% | +2.63% | +2.38% |
| Krishna Institute of Medical Sciences Ltd | Healthcare | 1.95% | ₹9.54 Cr | +2.22% | — | — |
| Multi Commodity Exchange Of India Ltd. | Services | 1.92% | ₹9.42 Cr | — | — | — |
| Varun Beverages Ltd. | Consumer Staples | 1.90% | ₹9.29 Cr | +2.49% | +2.04% | +1.25% |
| LG Electronics India Ltd. | Consumer Discretionary | 1.87% | ₹9.18 Cr | +1.68% | +1.67% | — |
| company:3959 | Consumer Staples | 1.81% | ₹8.86 Cr | — | — | — |
| Others | Others | 1.78% | ₹8.73 Cr | +0.09% | +7.14% | +0.87% |
| DOMS Industries Ltd. | Consumer Staples | 1.74% | ₹8.52 Cr | +1.70% | +1.73% | +1.75% |
| Godfrey Phillips India Ltd. | Consumer Staples | 1.72% | ₹8.40 Cr | +1.58% | — | — |
| Belrise Industries Ltd. | Automobile | 1.71% | ₹8.39 Cr | +1.59% | +1.32% | +1.19% |
| Mrs. Bectors Food Specialities Ltd. | Consumer Staples | 1.56% | ₹7.62 Cr | +1.17% | +1.37% | +1.39% |
| company:19482 | Automobile | 1.53% | ₹7.50 Cr | — | — | — |
| Dixon Technologies (India) Ltd. | Capital Goods | 1.52% | ₹7.43 Cr | +1.17% | — | — |
| Chalet Hotels Ltd. | Services | 1.52% | ₹7.42 Cr | +1.31% | +1.29% | +1.33% |
| Hindustan Foods Ltd. | Consumer Staples | 1.49% | ₹7.28 Cr | +1.17% | +1.05% | +1.10% |
| Polycab India Ltd. | Capital Goods | 1.49% | ₹7.27 Cr | +1.48% | +1.29% | +1.03% |
| Devyani International Ltd. | Services | 1.47% | ₹7.17 Cr | +1.21% | +1.58% | +2.09% |
| Blue Star Ltd. | Consumer Discretionary | 1.46% | ₹7.17 Cr | +1.58% | +1.85% | +1.74% |
| Vodafone Idea Ltd. | Communication | 1.39% | ₹6.80 Cr | +1.59% | +1.15% | — |
| Tube Investments Of India Ltd. | Automobile | 1.38% | ₹6.75 Cr | +1.73% | +1.72% | — |
| Info Edge (India) Ltd. | Services | 1.31% | ₹6.41 Cr | +0.99% | +1.42% | +1.16% |
| Adani Energy Solutions Ltd. | Energy | 1.29% | ₹6.32 Cr | — | — | — |
| Swiggy Ltd. | Services | 1.26% | ₹6.15 Cr | +1.14% | +1.28% | — |
| Axis Bank Ltd. | Financial | 1.25% | ₹6.11 Cr | — | — | — |
| BlackBuck Ltd. | Services | 1.12% | ₹5.46 Cr | +0.96% | — | — |
| Nestle India Ltd. | Consumer Staples | 1.02% | ₹5.01 Cr | +0.97% | — | — |
| Greenply Industries Ltd. | Materials | 0.96% | ₹4.72 Cr | +0.82% | +0.70% | +0.95% |
| Kewal Kiran Clothing Ltd. | Textiles | 0.94% | ₹4.60 Cr | +0.81% | +0.90% | +0.87% |
| Godrej Consumer Products Ltd. | Consumer Staples | 0.94% | ₹4.58 Cr | +1.06% | +1.21% | +1.83% |
| Metro Brands Ltd. | Consumer Discretionary | 0.92% | ₹4.51 Cr | +1.02% | +1.01% | +1.06% |
| Ceat Ltd. | Automobile | 0.89% | ₹4.38 Cr | +0.74% | +1.51% | +1.15% |
| Gabriel India Ltd. | Automobile | 0.84% | ₹4.12 Cr | — | — | — |
| Sky Gold And Diamonds Ltd. | Consumer Discretionary | 0.69% | ₹3.37 Cr | — | — | — |
| TVS Motor Company Ltd - Pref. Shares | Automobile | 0.03% | ₹0.12 Cr | +0.02% | +0.02% | +0.02% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| company:3959 | 0.00% | 1.81% | +1.81% |
| company:19482 | 0.00% | 1.53% | +1.53% |
| Asian Paints Ltd. | 1.53% | 0.00% | -1.53% |
| Indus Towers Ltd. | 0.96% | 0.00% | -0.96% |
| Hindustan Unilever Ltd. | 3.27% | 2.43% | -0.84% |
| Wakefit Innovations Ltd. | 0.73% | 0.00% | -0.73% |
| Eternal Ltd. | 6.16% | 6.85% | +0.69% |
| TVS Motor Company Ltd. | 3.13% | 2.52% | -0.61% |
| Tata Motors Passenger Vehicles Ltd. | 0.54% | 0.00% | -0.54% |
| Multi Commodity Exchange Of India Ltd. | 1.49% | 1.92% | +0.43% |
| Bharti Airtel Ltd. | 6.81% | 6.41% | -0.40% |
| Titan Company Ltd. | 5.11% | 5.49% | +0.38% |
| Maruti Suzuki India Ltd. | 3.37% | 3.00% | -0.37% |
| Krishna Institute of Medical Sciences Ltd | 2.30% | 1.95% | -0.35% |
| Bajaj Auto Ltd. | 3.92% | 4.24% | +0.32% |
| Tata Consumer Products Ltd. | 1.77% | 2.07% | +0.30% |
| Devyani International Ltd. | 1.18% | 1.47% | +0.29% |
| LG Electronics India Ltd. | 1.61% | 1.87% | +0.26% |
| Hindustan Foods Ltd. | 1.27% | 1.49% | +0.22% |
| ITC Ltd. | 2.96% | 2.76% | -0.20% |
| Chalet Hotels Ltd. | 1.33% | 1.52% | +0.19% |
| Radico Khaitan Ltd. | 2.47% | 2.29% | -0.18% |
| Mrs. Bectors Food Specialities Ltd. | 1.38% | 1.56% | +0.18% |
| Blue Star Ltd. | 1.64% | 1.46% | -0.18% |
| Adani Energy Solutions Ltd. | 1.46% | 1.29% | -0.17% |
| Vodafone Idea Ltd. | 1.23% | 1.39% | +0.16% |
| Sky Gold And Diamonds Ltd. | 0.54% | 0.69% | +0.15% |
| Godrej Consumer Products Ltd. | 1.08% | 0.94% | -0.14% |
| Varun Beverages Ltd. | 2.04% | 1.90% | -0.14% |
| BlackBuck Ltd. | 0.99% | 1.12% | +0.13% |
| Info Edge (India) Ltd. | 1.19% | 1.31% | +0.12% |
| Dixon Technologies (India) Ltd. | 1.40% | 1.52% | +0.12% |
| Axis Bank Ltd. | 1.15% | 1.25% | +0.10% |
| Metro Brands Ltd. | 1.01% | 0.92% | -0.09% |
| Polycab India Ltd. | 1.40% | 1.49% | +0.09% |
| Aditya Vision Ltd. | 2.40% | 2.32% | -0.08% |
| Mahindra & Mahindra Ltd. | 7.14% | 7.07% | -0.07% |
| Trent Ltd. | 3.28% | 3.22% | -0.06% |
| Tube Investments Of India Ltd. | 1.33% | 1.38% | +0.05% |
| Avenue Supermarts Ltd. | 2.32% | 2.37% | +0.05% |
| Greenply Industries Ltd. | 0.92% | 0.96% | +0.04% |
| Kewal Kiran Clothing Ltd. | 0.90% | 0.94% | +0.04% |
| Gabriel India Ltd. | 0.82% | 0.84% | +0.02% |
| DOMS Industries Ltd. | 1.72% | 1.74% | +0.02% |
| Godfrey Phillips India Ltd. | 1.70% | 1.72% | +0.02% |
| Swiggy Ltd. | 1.24% | 1.26% | +0.02% |
| Britannia Industries Ltd. | 2.30% | 2.28% | -0.02% |
| Nestle India Ltd. | 1.01% | 1.02% | +0.01% |
| Ceat Ltd. | 0.88% | 0.89% | +0.01% |
| Belrise Industries Ltd. | 1.70% | 1.71% | +0.01% |
| Others | 0.03% | 0.02% | -0.01% |
| TVS Motor Company Ltd - Pref. Shares | 0.02% | 0.03% | +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 | ₹2,436 Cr | 2.19% | 3.4% | 4.9% | 9.5% |
 Mirae Asset Great Consumer Fund | ₹4,742 Cr | 2.05% | -0.2% | 3.0% | 9.4% |
 Tata India Consumer Fund | ₹2,901 Cr | 2.11% | 10.9% | 8.4% | 13.0% |
 Canara Robeco Consumption Fund | ₹1,987 Cr | 2.17% | -2.8% | 2.1% | 8.3% |
 HSBC Consumption Fund | ₹1,817 Cr | 2.19% | 11.4% | 8.8% | — |
 UTI India Consumer Fund | ₹733 Cr | 2.42% | -2.4% | 2.4% | 7.4% |
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 by investing in a portfolio of companies that are likely to benefit from consumption led demand in India.
Fund managers
- Navin MattaPGDBAPrior to Joining the Mahindra Manulife Investment Management Pvt Ltd. He has worked with BOB Capita, SAFE Enterprises,Bajaj Allianz Life Insurance, HDFC Securities and Daiwa Capital.
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 months9.08% absolute | ₹60,000 | ₹65,448 | 9.08% | |
| 1 year−5.86% annualised | ₹1,20,000 | ₹1,16,258 | −3.12% | |
| 3 years8.28% annualised | ₹3,60,000 | ₹4,09,881 | 13.86% | |
| 5 years9.29% annualised | ₹6,00,000 | ₹7,65,894 | 27.65% |
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 Consumption Fund?
The NAV of Mahindra Manulife Consumption Fund is ₹21.53 as on 25 Sep 2026.
What is the expense ratio of Mahindra Manulife Consumption Fund?
The expense ratio of Mahindra Manulife Consumption Fund is 2.65% per year.
What is the minimum SIP amount for Mahindra Manulife Consumption Fund?
You can start a SIP in Mahindra Manulife Consumption Fund with ₹3,000 a month.
What returns has Mahindra Manulife Consumption Fund given?
Mahindra Manulife Consumption Fund has returned -3.2% over 1 year, 1.0% over 3 years and 7.6% over 5 years (annualised).
Is there a lock-in or exit load on Mahindra Manulife Consumption Fund?
Lock-in: None. Exit load: Exit load of 1%, if redeemed within 3 months..
How risky is Mahindra Manulife Consumption Fund?
Mahindra Manulife Consumption Fund is rated Very High on the SEBI riskometer and belongs to the Thematic-Consumption category.
Which fund house manages Mahindra Manulife Consumption Fund?
Mahindra Manulife Consumption Fund is managed by Mahindra Manulife Mutual Fund, which runs 27 schemes with ₹34,805 Cr under management.