Mahindra Manulife Focused Fund
- NAV as on 25 Sep 2026
- ₹25.66+0.34%1 day
- Return since launch
- 17.4%
- 52-week range
- ₹24.55 — ₹27.81
- AUM
- ₹2,109 Cr
Mahindra Manulife Focused Fund is a Focused equity fund from Mahindra Manulife Mutual Fund with ₹2,109 Cr under management, launched in 2020. Over three years it has returned 1.9% a year, against 11.3% for its category. The expense ratio is 2.24% and the SEBI riskometer reading is Very High.
Performance
Mahindra Manulife Focused Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned -1.6% against +1.8% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | -7.1% | −10.5 pts | 3.4% | 1.8% |
| 2Y | -2.2% | −5.5 pts | 3.3% | 2.3% |
| 3Y | 1.9% | −9.4 pts | 11.3% | 4.6% |
| 5Y | 9.7% | +0.4 pts | 9.3% | 9.1% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -4.2% | −0.6 pts | -3.7% | -3.5% |
| 3M | -4.5% | −5.1 pts | 0.6% | 0.5% |
| 6M | 2.6% | −9.6 pts | 12.2% | 11.1% |
| 1Y | -1.6% | −5.0 pts | 3.4% | 1.7% |
| 2Y | -4.8% | −2.9 pts | -1.9% | -2.4% |
| 3Y | 10.9% | −0.3 pts | 11.3% | 10.2% |
| 5Y | 10.9% | +1.5 pts | 9.3% | 8.6% |
Since launch (26 Oct 2020): 17.4%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 7.2% | +1.1 pts | 6.0% |
| 2024 | 20.5% | −0.4 pts | 20.9% |
| 2023 | 29.9% | +2.2 pts | 27.7% |
| 2022 | 8.4% | +6.0 pts | 2.4% |
| 2021 | 39.2% | +6.0 pts | 33.2% |
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
2.28%
Expense ratio as on 25 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.76%
- Brokerage
- 0.08%
- Transaction charges
- 0.00%
- Statutory levies
- 0.44%
- 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 500 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.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | 2.22 | 5.04 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.90 | 0.96 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.59 | 0.74 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.78 | 1.00 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 14.27 | 15.86 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Mahindra Manulife Focused Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity97.1%
- Other2.9%
Market cap split
- Large85.8%
- Mid10.0%
- Small4.2%
- P/E
- 19.90
- P/B
- 2.77
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| ICICI Bank Ltd. | Financial | 9.03% | ₹191 Cr | +9.16% | +8.56% | +6.03% |
| Reliance Industries Ltd. | Energy | 6.31% | ₹133 Cr | +6.56% | +5.58% | +6.31% |
| State Bank of India | Financial | 5.22% | ₹110 Cr | +3.77% | +5.10% | +5.39% |
| Larsen & Toubro Ltd. | Construction | 5.11% | ₹108 Cr | +4.99% | +5.09% | +4.31% |
| Grasim Industries Ltd. | Materials | 4.88% | ₹103 Cr | +4.38% | +3.82% | +4.36% |
| Axis Bank Ltd. | Financial | 4.69% | ₹98.80 Cr | — | +2.97% | +3.45% |
| Bajaj Auto Ltd. | Automobile | 4.60% | ₹97.04 Cr | +3.70% | +3.43% | — |
| Bajaj Finance Ltd. | Financial | 4.35% | ₹91.64 Cr | +3.20% | +3.00% | +3.15% |
| Tech Mahindra Ltd. | Technology | 3.59% | ₹75.70 Cr | +3.44% | +3.06% | +3.21% |
| HDFC Bank Ltd. | Financial | 3.48% | ₹73.38 Cr | +4.62% | +4.92% | +6.87% |
| Indusind Bank Ltd. | Financial | 3.25% | ₹68.62 Cr | +2.52% | +2.56% | — |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 3.15% | ₹66.49 Cr | +2.40% | +2.43% | +2.14% |
| Avenue Supermarts Ltd. | Services | 3.14% | ₹66.30 Cr | +3.17% | +2.92% | — |
| Others | Others | 2.91% | ₹61.46 Cr | +0.06% | +1.02% | +0.33% |
| NTPC Ltd. | Energy | 2.87% | ₹60.47 Cr | +3.62% | +3.47% | +3.24% |
| Adani Ports and Special Economic Zone Ltd. | Services | 2.86% | ₹60.22 Cr | +3.47% | +2.38% | — |
| Vodafone Idea Ltd. | Communication | 2.83% | ₹59.67 Cr | +2.78% | +1.50% | — |
| Biocon Ltd. | Healthcare | 2.82% | ₹59.53 Cr | +2.85% | +2.52% | +2.13% |
| Infosys Ltd. | Technology | 2.56% | ₹53.99 Cr | +3.70% | +4.38% | +5.06% |
| JSW Steel Ltd. | Metals & Mining | 2.55% | ₹53.88 Cr | — | — | — |
| Elgi Equipments Ltd. | Capital Goods | 2.15% | ₹45.36 Cr | +1.90% | +1.73% | — |
| DLF Ltd. | Construction | 2.07% | ₹43.67 Cr | — | — | — |
| Dr. Reddy's Laboratories Ltd. | Healthcare | 2.05% | ₹43.29 Cr | +2.25% | — | — |
| company:5741 | Capital Goods | 1.95% | ₹41.10 Cr | — | — | — |
| The Ramco Cements Ltd. | Materials | 1.93% | ₹40.73 Cr | +1.85% | +2.38% | +2.22% |
| Trent Ltd. | Services | 1.93% | ₹40.61 Cr | +1.67% | +1.50% | +2.00% |
| Indus Towers Ltd. | Communication | 1.67% | ₹35.14 Cr | +3.56% | +4.07% | +4.09% |
| Interglobe Aviation Ltd. | Services | 1.61% | ₹34.02 Cr | — | — | +2.24% |
| company:896 | Financial | 1.60% | ₹33.69 Cr | — | — | — |
| SBI Funds Management Ltd. | Financial | 1.48% | ₹31.19 Cr | — | — | — |
| Coal India Ltd. | Materials | 1.36% | ₹28.60 Cr | +2.10% | +2.33% | +2.39% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| HDFC Bank Ltd. | 6.18% | 3.48% | -2.70% |
| Power Finance Corporation Ltd. | 2.54% | 0.00% | -2.54% |
| ITC Ltd. | 1.99% | 0.00% | -1.99% |
| company:5741 | 0.00% | 1.95% | +1.95% |
| Axis Bank Ltd. | 3.01% | 4.69% | +1.68% |
| company:896 | 0.00% | 1.60% | +1.60% |
| Vodafone Idea Ltd. | 2.09% | 2.83% | +0.74% |
| ICICI Bank Ltd. | 9.63% | 9.03% | -0.60% |
| JSW Steel Ltd. | 2.03% | 2.55% | +0.52% |
| Grasim Industries Ltd. | 4.38% | 4.88% | +0.50% |
| Sun Pharmaceutical Industries Ltd. | 2.67% | 3.15% | +0.48% |
| Infosys Ltd. | 2.98% | 2.56% | -0.42% |
| NTPC Ltd. | 3.27% | 2.87% | -0.40% |
| Bajaj Auto Ltd. | 4.26% | 4.60% | +0.34% |
| Indus Towers Ltd. | 2.00% | 1.67% | -0.33% |
| Coal India Ltd. | 1.67% | 1.36% | -0.31% |
| Bajaj Finance Ltd. | 4.05% | 4.35% | +0.30% |
| State Bank of India | 4.93% | 5.22% | +0.29% |
| Tech Mahindra Ltd. | 3.86% | 3.59% | -0.27% |
| Larsen & Toubro Ltd. | 4.86% | 5.11% | +0.25% |
| Elgi Equipments Ltd. | 1.91% | 2.15% | +0.24% |
| Reliance Industries Ltd. | 6.54% | 6.31% | -0.23% |
| DLF Ltd. | 1.93% | 2.07% | +0.14% |
| Adani Ports and Special Economic Zone Ltd. | 2.97% | 2.86% | -0.11% |
| Indusind Bank Ltd. | 3.16% | 3.25% | +0.09% |
| Avenue Supermarts Ltd. | 3.08% | 3.14% | +0.06% |
| Dr. Reddy's Laboratories Ltd. | 1.99% | 2.05% | +0.06% |
| Interglobe Aviation Ltd. | 1.56% | 1.61% | +0.05% |
| The Ramco Cements Ltd. | 1.97% | 1.93% | -0.04% |
| Trent Ltd. | 1.96% | 1.93% | -0.03% |
| Biocon Ltd. | 2.85% | 2.82% | -0.03% |
| SBI Funds Management Ltd. | 1.47% | 1.48% | +0.01% |
| Others | 0.02% | 0.02% | 0.00% |
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 | ₹15,674 Cr | 2.10% | 6.9% | 9.2% | 13.7% |
 SBI Focused Fund | ₹51,248 Cr | 1.60% | 7.3% | 11.3% | 13.0% |
 ICICI Prudential Focused Fund | ₹17,949 Cr | 2.15% | -2.5% | 6.9% | 13.4% |
 Invesco India Focused Fund | ₹6,454 Cr | 1.94% | 14.6% | 9.7% | 15.4% |
 Bandhan Focused Fund | ₹2,094 Cr | 2.22% | 10.6% | 9.2% | 12.9% |
 ITI Focused Fund | ₹629 Cr | 2.59% | 4.5% | 8.7% | — |
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 concentrated portfolio of equity & equity related instruments of maximum 30 companies across market capitalisation.
Fund managers
- Kirti DalviMMS (Finance), CFA level 2Prior to Joining the Mahindra Manulife AMC he has worked with ENAM AMC, Angel Broking Ltd.
- Krishna SanghaviMr. Sanghvi is a B.Com (H), CWA from ICWAI, Master of Management Studies (Finance) from NMIMS, Mumbai and CFA from ICFAI.Prior to joining Mahindra Manulife Investment Management Pvt. Ltd., he has worked with Canara Robeco AMC, Kotak Mahindra AMC Ltd. and Kotak Life Insurance, Aviva Life Insurance Company 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 months2.59% absolute | ₹60,000 | ₹61,554 | 2.59% | |
| 1 year−1.60% annualised | ₹1,20,000 | ₹1,18,965 | −0.86% | |
| 3 years10.95% annualised | ₹3,60,000 | ₹4,27,776 | 18.83% | |
| 5 years10.87% annualised | ₹6,00,000 | ₹7,99,614 | 33.27% |
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.