Mahindra Manulife Manufacturing Fund
Thematic-ManufacturingVery HighOPEN-ENDED
- NAV as on 6 Nov 2026
- ₹10.48-0.31%1 day
- Return since launch
- 1.9%
- 52-week range
- ₹9.01 — ₹10.95
- AUM
- ₹648 Cr
Mahindra Manulife Manufacturing Fund is a Thematic-Manufacturing equity fund from Mahindra Manulife Mutual Fund with ₹648 Cr under management, launched in 2024. The expense ratio is 2.59% and the SEBI riskometer reading is Very High.
Performance
Mahindra Manulife Manufacturing 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 +3.7% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 7.5% | 0.0 pts | 7.5% | 5.4% |
| 2Y | 7.9% | −1.8 pts | 9.8% | 6.9% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 1.4% | +0.3 pts | 1.2% | 3.7% |
| 3M | -2.9% | +1.2 pts | -4.1% | -4.7% |
| 6M | 0.8% | −0.1 pts | 1.0% | 1.8% |
| 1Y | 5.8% | −1.7 pts | 7.5% | 3.1% |
| 2Y | 3.3% | −1.3 pts | 4.6% | 3.8% |
Since launch (31 May 2024): 1.9%
Calendar-year returns
Category average6.0%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 6.0% | +0.7 pts | 5.3% |
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
2.58%
Expense ratio as on 6 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 2.05%
- Brokerage
- 0.08%
- Transaction charges
- 0.00%
- Statutory levies
- 0.45%
- Exit load
- Exit load of 0.5%, 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 Manufacturing 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.
Portfolio
Mahindra Manulife Manufacturing Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Equity94.8%
- Other5.2%
Market cap split
- Large44.8%
- Mid13.7%
- Small41.5%
- P/E
- 31.62
- P/B
- 4.15
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Divi's Laboratories Ltd. | Healthcare | 5.42% | ₹35.12 Cr | +3.67% | +3.67% | +2.68% |
| Others | Others | 5.23% | ₹33.88 Cr | +0.12% | +6.36% | -1.02% |
| Mahindra & Mahindra Ltd. | Automobile | 4.42% | ₹28.63 Cr | +4.40% | +5.36% | +4.74% |
| SPR Auto Technologies Ltd. | Automobile | 4.21% | ₹27.31 Cr | +4.00% | +3.19% | +2.98% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 3.92% | ₹25.43 Cr | +3.85% | +4.02% | +2.02% |
| Reliance Industries Ltd. | Energy | 3.68% | ₹23.86 Cr | +4.60% | +5.29% | +4.09% |
| Tata Steel Ltd. | Metals & Mining | 3.60% | ₹23.31 Cr | +4.96% | +6.25% | +1.99% |
| Hindalco Industries Ltd. | Metals & Mining | 3.44% | ₹22.32 Cr | +3.35% | +3.93% | +1.58% |
| Bajaj Auto Ltd. | Automobile | 2.91% | ₹18.86 Cr | +2.87% | +2.87% | +2.16% |
| Bharat Electronics Ltd. | Capital Goods | 2.77% | ₹17.96 Cr | +2.81% | +4.01% | +3.23% |
| Samvardhana Motherson International Ltd. | Automobile | 2.69% | ₹17.44 Cr | +2.34% | +2.64% | +2.55% |
| PTC Industries Ltd. | Metals & Mining | 2.56% | ₹16.58 Cr | +1.89% | +1.83% | +2.82% |
| Craftsman Automation Ltd. | Automobile | 2.51% | ₹16.25 Cr | +2.18% | +2.19% | +2.06% |
| Hindustan Aeronautics Ltd. | Capital Goods | 2.48% | ₹16.10 Cr | +1.13% | +1.00% | — |
| Aditya Vision Ltd. | Services | 2.40% | ₹15.53 Cr | +2.54% | +2.04% | +1.83% |
| Technocraft Industries (India) Ltd. | Metals & Mining | 2.18% | ₹14.10 Cr | +2.15% | +2.16% | +1.66% |
| Kirloskar Brothers Ltd. | Capital Goods | 2.17% | ₹14.04 Cr | +2.40% | +2.46% | +2.71% |
| LG Balakrishnan & Bros Ltd. | Automobile | 2.06% | ₹13.35 Cr | +1.82% | +2.06% | +1.32% |
| Anthem Biosciences Ltd. | Healthcare | 2.05% | ₹13.31 Cr | +1.76% | +1.66% | — |
| Bosch Ltd. | Automobile | 1.90% | ₹12.33 Cr | +1.54% | +1.23% | +1.24% |
| S.P. Apparels Ltd. | Textiles | 1.80% | ₹11.67 Cr | +2.04% | +1.79% | +1.42% |
| Thejo Engineering Ltd. | Consumer Staples | 1.77% | ₹11.45 Cr | +1.49% | +1.25% | +1.18% |
| Vesuvius India Ltd. | Capital Goods | 1.69% | ₹10.93 Cr | +1.74% | +1.83% | +1.90% |
| Grasim Industries Ltd. | Materials | 1.68% | ₹10.87 Cr | +1.62% | +1.98% | +1.89% |
| Archean Chemical Industries Ltd. | Chemicals | 1.58% | ₹10.27 Cr | +1.63% | +2.41% | +2.16% |
| Fine Organic Industries Ltd. | Chemicals | 1.55% | ₹10.03 Cr | +1.59% | +1.44% | +1.24% |
| ISGEC Heavy Engineering Ltd. | Capital Goods | 1.51% | ₹9.81 Cr | +1.52% | +1.56% | +0.96% |
| Powerica Ltd. | Capital Goods | 1.48% | ₹9.61 Cr | +1.46% | — | — |
| LMW Ltd. | Capital Goods | 1.41% | ₹9.13 Cr | +1.26% | +1.06% | +0.97% |
| Inox India Ltd. | Metals & Mining | 1.37% | ₹8.90 Cr | +1.40% | +1.46% | +1.31% |
| JSW Steel Ltd. | Metals & Mining | 1.35% | ₹8.77 Cr | — | — | — |
| K.P.R. Mill Ltd. | Textiles | 1.32% | ₹8.54 Cr | +1.35% | — | — |
| Schaeffler India Ltd. | Capital Goods | 1.25% | ₹8.13 Cr | +1.29% | +2.64% | +2.20% |
| Bharat Forge Ltd. | Automobile | 1.23% | ₹7.99 Cr | +1.31% | +1.23% | — |
| Hyundai Motor India Ltd. | Automobile | 1.22% | ₹7.92 Cr | — | — | — |
| Blue Star Ltd. | Consumer Discretionary | 1.04% | ₹6.72 Cr | +0.96% | — | — |
| Kajaria Ceramics Ltd. | Materials | 1.03% | ₹6.67 Cr | — | — | — |
| Tata Motors Ltd. | Automobile | 1.02% | ₹6.60 Cr | — | — | — |
| GE Vernova T&D India Ltd | Capital Goods | 1.01% | ₹6.58 Cr | — | — | — |
| Grindwell Norton Ltd. | Metals & Mining | 1.01% | ₹6.58 Cr | +0.95% | — | — |
| Coromandel International Ltd. | Chemicals | 0.97% | ₹6.26 Cr | +1.05% | +1.11% | — |
| Sai Life Sciences Ltd. | Healthcare | 0.94% | ₹6.10 Cr | — | — | — |
| Varun Beverages Ltd. | Consumer Staples | 0.94% | ₹6.09 Cr | +1.06% | +1.02% | +0.89% |
| Ingersoll-Rand (India) Ltd. | Capital Goods | 0.93% | ₹6.06 Cr | +0.93% | — | — |
| Cipla Ltd. | Healthcare | 0.93% | ₹6.06 Cr | — | — | — |
| ideaForge Technology Ltd. | Capital Goods | 0.91% | ₹5.92 Cr | — | — | — |
| Cochin Shipyard Ltd. | Capital Goods | 0.91% | ₹5.92 Cr | +0.89% | — | — |
| Disa India Ltd. | Capital Goods | 0.91% | ₹5.88 Cr | +0.87% | +0.90% | +0.84% |
| Shree Cement Ltd. | Materials | 0.91% | ₹5.87 Cr | +0.98% | +1.19% | +1.16% |
| National Aluminium Company Ltd. | Metals & Mining | 0.89% | ₹5.80 Cr | — | — | — |
| Mazagon Dock Shipbuilders Ltd. | Capital Goods | 0.82% | ₹5.28 Cr | +0.92% | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| NOCIL Ltd. | 1.38% | 0.00% | -1.38% |
| ICICI Bank Ltd. | 0.96% | 0.00% | -0.96% |
| Sai Life Sciences Ltd. | 0.00% | 0.94% | +0.94% |
| Alkem Laboratories Ltd. | 0.86% | 0.00% | -0.86% |
| Hindustan Aeronautics Ltd. | 1.72% | 2.48% | +0.77% |
| Powerica Ltd. | 1.21% | 1.48% | +0.27% |
| Mahindra & Mahindra Ltd. | 4.65% | 4.42% | -0.24% |
| ISGEC Heavy Engineering Ltd. | 1.28% | 1.51% | +0.23% |
| Divi's Laboratories Ltd. | 5.23% | 5.42% | +0.19% |
| Tata Steel Ltd. | 3.41% | 3.60% | +0.19% |
| Thejo Engineering Ltd. | 1.60% | 1.77% | +0.17% |
| Bajaj Auto Ltd. | 3.07% | 2.91% | -0.16% |
| Technocraft Industries (India) Ltd. | 2.33% | 2.18% | -0.15% |
| LG Balakrishnan & Bros Ltd. | 1.91% | 2.06% | +0.15% |
| Vesuvius India Ltd. | 1.53% | 1.69% | +0.15% |
| SPR Auto Technologies Ltd. | 4.36% | 4.21% | -0.15% |
| PTC Industries Ltd. | 2.41% | 2.56% | +0.14% |
| Sun Pharmaceutical Industries Ltd. | 4.06% | 3.92% | -0.14% |
| Varun Beverages Ltd. | 0.82% | 0.94% | +0.11% |
| Aditya Vision Ltd. | 2.29% | 2.40% | +0.10% |
| Ingersoll-Rand (India) Ltd. | 1.04% | 0.93% | -0.10% |
| LMW Ltd. | 1.50% | 1.41% | -0.09% |
| Mazagon Dock Shipbuilders Ltd. | 0.91% | 0.82% | -0.09% |
| Blue Star Ltd. | 0.95% | 1.04% | +0.09% |
| Archean Chemical Industries Ltd. | 1.50% | 1.58% | +0.09% |
| Cochin Shipyard Ltd. | 0.99% | 0.91% | -0.08% |
| Hindalco Industries Ltd. | 3.52% | 3.44% | -0.07% |
| Grasim Industries Ltd. | 1.75% | 1.68% | -0.07% |
| Reliance Industries Ltd. | 3.75% | 3.68% | -0.07% |
| Tata Motors Ltd. | 1.08% | 1.02% | -0.06% |
| S.P. Apparels Ltd. | 1.86% | 1.80% | -0.06% |
| National Aluminium Company Ltd. | 0.95% | 0.89% | -0.05% |
| Kajaria Ceramics Ltd. | 0.98% | 1.03% | +0.05% |
| Craftsman Automation Ltd. | 2.55% | 2.51% | -0.05% |
| Bharat Forge Ltd. | 1.28% | 1.23% | -0.04% |
| Grindwell Norton Ltd. | 0.97% | 1.01% | +0.04% |
| Hyundai Motor India Ltd. | 1.26% | 1.22% | -0.03% |
| Anthem Biosciences Ltd. | 2.02% | 2.05% | +0.03% |
| Schaeffler India Ltd. | 1.22% | 1.25% | +0.03% |
| Kirloskar Brothers Ltd. | 2.20% | 2.17% | -0.03% |
| Bharat Electronics Ltd. | 2.80% | 2.77% | -0.03% |
| ideaForge Technology Ltd. | 0.94% | 0.91% | -0.03% |
| Disa India Ltd. | 0.88% | 0.91% | +0.03% |
| Samvardhana Motherson International Ltd. | 2.66% | 2.69% | +0.03% |
| Coromandel International Ltd. | 0.99% | 0.97% | -0.03% |
| Inox India Ltd. | 1.35% | 1.37% | +0.02% |
| Fine Organic Industries Ltd. | 1.57% | 1.55% | -0.02% |
| JSW Steel Ltd. | 1.34% | 1.35% | +0.02% |
| Shree Cement Ltd. | 0.89% | 0.91% | +0.02% |
| K.P.R. Mill Ltd. | 1.33% | 1.32% | -0.01% |
| Bosch Ltd. | 1.91% | 1.90% | -0.01% |
| Cipla Ltd. | 0.93% | 0.93% | +0.01% |
| GE Vernova T&D India Ltd | 1.02% | 1.01% | 0.00% |
| Others | 0.04% | 0.04% | 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 | ₹2,328 Cr | 1.61% | 8.9% | 10.4% | 16.3% |
 ICICI Prudential Manufacturing Fund | ₹6,918 Cr | 2.08% | 5.5% | 8.4% | 16.2% |
 Kotak Manufacture in India Fund | ₹3,132 Cr | 2.07% | 15.3% | 13.2% | — |
 Aditya Birla Sun Life Manufacturing Equity Fund | ₹1,386 Cr | 2.32% | 15.9% | 13.5% | 16.4% |
 Mirae Asset Nifty India Manufacturing ETF FoF | ₹122 Cr | 0.43% | 3.7% | 8.4% | — |
 Navi Nifty India Manufacturing Index Fund | ₹83.12 Cr | 1.16% | 4.3% | 8.6% | — |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The Scheme seek to generate long term capital appreciation by investing predominantly in equity and equity related securities of companies engaged in manufacturing theme.
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.
- Renjith Sivaram RadhakrishnanMr. Sivaram is an MBA in Finance and holds a Bachelorâs degree in Mechanical engineeringPrior to joining Mahindra Manulife Mutual Fund, he was associated with ICCI Securities, Antique Stock Broking, B&K Securities and Indian Seamless Steels and Alloys 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 months0.85% absolute | ₹60,000 | ₹60,510 | 0.85% | |
| 1 year5.81% annualised | ₹1,20,000 | ₹1,23,844 | 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.
What is the NAV of Mahindra Manulife Manufacturing Fund?
The NAV of Mahindra Manulife Manufacturing Fund is ₹10.48 as on 6 Nov 2026.
What is the expense ratio of Mahindra Manulife Manufacturing Fund?
The expense ratio of Mahindra Manulife Manufacturing Fund is 2.59% per year.
What is the minimum SIP amount for Mahindra Manulife Manufacturing Fund?
You can start a SIP in Mahindra Manulife Manufacturing Fund with ₹3,000 a month.
Is there a lock-in or exit load on Mahindra Manulife Manufacturing Fund?
Lock-in: None. Exit load: Exit load of 0.5%, if redeemed within 3 months..
How risky is Mahindra Manulife Manufacturing Fund?
Mahindra Manulife Manufacturing Fund is rated Very High on the SEBI riskometer and belongs to the Thematic-Manufacturing category.
Which fund house manages Mahindra Manulife Manufacturing Fund?
Mahindra Manulife Manufacturing Fund is managed by Mahindra Manulife Mutual Fund, which runs 27 schemes with ₹38,154 Cr under management.