Mahindra Manulife Manufacturing Fund
Thematic-ManufacturingVery HighOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹10.68+0.51%1 day
- Return since launch
- 2.9%
- 52-week range
- ₹9.01 — ₹10.95
- AUM
- ₹684 Cr
Mahindra Manulife Manufacturing Fund is a Thematic-Manufacturing equity fund from Mahindra Manulife Mutual Fund with ₹684 Cr under management, launched in 2024. The expense ratio is 2.62% 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 +9.3% against +7.6% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 13.0% | +1.7 pts | 11.3% | 9.2% |
| 2Y | 10.0% | −1.7 pts | 11.7% | 8.5% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -1.8% | +0.7 pts | -2.4% | -2.8% |
| 3M | 2.8% | −0.1 pts | 2.9% | 2.7% |
| 6M | 16.2% | −1.6 pts | 17.9% | 15.0% |
| 1Y | 9.3% | −2.0 pts | 11.3% | 7.5% |
| 2Y | 1.2% | −1.3 pts | 2.5% | 0.5% |
Since launch (31 May 2024): 2.9%
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
2.62%
Expense ratio as on 25 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 2.05%
- Brokerage
- 0.09%
- Transaction charges
- 0.01%
- Statutory levies
- 0.47%
- 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 31 Aug 2026
Asset allocation
- Equity96.0%
- Other4.0%
Market cap split
- Large44.8%
- Mid14.6%
- Small40.6%
- P/E
- 33.39
- P/B
- 4.27
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Divi's Laboratories Ltd. | Healthcare | 5.23% | ₹35.79 Cr | +3.79% | +3.49% | +2.88% |
| Mahindra & Mahindra Ltd. | Automobile | 4.65% | ₹31.85 Cr | +5.08% | +5.43% | +4.41% |
| SPR Auto Technologies Ltd. | Automobile | 4.36% | ₹29.84 Cr | +3.30% | +3.26% | +2.77% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 4.06% | ₹27.79 Cr | +3.79% | +2.55% | +2.02% |
| Others | Others | 4.03% | ₹27.60 Cr | +0.12% | -0.39% | -0.63% |
| Reliance Industries Ltd. | Energy | 3.75% | ₹25.67 Cr | +4.79% | +4.84% | +4.06% |
| Hindalco Industries Ltd. | Metals & Mining | 3.52% | ₹24.07 Cr | +4.61% | +3.62% | +1.63% |
| Tata Steel Ltd. | Metals & Mining | 3.41% | ₹23.32 Cr | +6.24% | +6.11% | +1.82% |
| Bajaj Auto Ltd. | Automobile | 3.07% | ₹21.03 Cr | +3.14% | +2.87% | +2.14% |
| Bharat Electronics Ltd. | Capital Goods | 2.80% | ₹19.17 Cr | +3.78% | +4.12% | +2.95% |
| Samvardhana Motherson International Ltd. | Automobile | 2.66% | ₹18.23 Cr | +2.45% | +2.95% | +2.23% |
| Craftsman Automation Ltd. | Automobile | 2.55% | ₹17.47 Cr | +2.30% | +2.08% | +2.09% |
| PTC Industries Ltd. | Metals & Mining | 2.41% | ₹16.52 Cr | +1.82% | +2.96% | +2.53% |
| Technocraft Industries (India) Ltd. | Metals & Mining | 2.33% | ₹15.95 Cr | +2.11% | +1.98% | +1.85% |
| Aditya Vision Ltd. | Services | 2.29% | ₹15.69 Cr | +2.10% | +1.82% | +1.63% |
| Kirloskar Brothers Ltd. | Capital Goods | 2.20% | ₹15.03 Cr | +2.40% | +2.57% | +2.72% |
| Anthem Biosciences Ltd. | Healthcare | 2.02% | ₹13.84 Cr | +1.77% | +1.57% | — |
| Bosch Ltd. | Automobile | 1.91% | ₹13.09 Cr | +1.44% | +1.37% | +1.30% |
| LG Balakrishnan & Bros Ltd. | Automobile | 1.91% | ₹13.06 Cr | +1.75% | +2.16% | +1.22% |
| S.P. Apparels Ltd. | Textiles | 1.86% | ₹12.70 Cr | +1.85% | +1.60% | +1.42% |
| Grasim Industries Ltd. | Materials | 1.75% | ₹11.97 Cr | +2.23% | +1.92% | +1.89% |
| Hindustan Aeronautics Ltd. | Capital Goods | 1.72% | ₹11.76 Cr | +1.13% | +0.99% | — |
| Thejo Engineering Ltd. | Consumer Staples | 1.60% | ₹10.93 Cr | +1.24% | +1.28% | +1.27% |
| Fine Organic Industries Ltd. | Chemicals | 1.57% | ₹10.74 Cr | +1.55% | +1.51% | +1.30% |
| Vesuvius India Ltd. | Capital Goods | 1.53% | ₹10.50 Cr | +1.81% | +1.85% | +1.86% |
| LMW Ltd. | Capital Goods | 1.50% | ₹10.28 Cr | +1.28% | +1.15% | +0.95% |
| Archean Chemical Industries Ltd. | Chemicals | 1.50% | ₹10.26 Cr | +1.67% | +2.08% | +2.05% |
| NOCIL Ltd. | Materials | 1.38% | ₹9.43 Cr | +1.39% | +1.14% | +0.77% |
| Inox India Ltd. | Metals & Mining | 1.35% | ₹9.25 Cr | +1.09% | +1.28% | +1.24% |
| company:1860 | Metals & Mining | 1.34% | ₹9.15 Cr | — | — | — |
| K.P.R. Mill Ltd. | Textiles | 1.33% | ₹9.12 Cr | +1.12% | — | — |
| ISGEC Heavy Engineering Ltd. | Capital Goods | 1.28% | ₹8.79 Cr | +1.55% | +1.42% | +1.07% |
| Bharat Forge Ltd. | Automobile | 1.28% | ₹8.74 Cr | +1.32% | +1.24% | — |
| company:19482 | Automobile | 1.26% | ₹8.60 Cr | — | — | — |
| Schaeffler India Ltd. | Capital Goods | 1.22% | ₹8.37 Cr | +2.34% | +2.64% | +2.02% |
| Powerica Ltd. | Capital Goods | 1.21% | ₹8.30 Cr | +1.33% | — | — |
| Tata Motors Ltd. | Automobile | 1.08% | ₹7.37 Cr | — | — | — |
| Ingersoll-Rand (India) Ltd. | Capital Goods | 1.04% | ₹7.09 Cr | — | — | — |
| company:5697 | Capital Goods | 1.02% | ₹6.96 Cr | — | — | — |
| Cochin Shipyard Ltd. | Capital Goods | 0.99% | ₹6.80 Cr | — | — | — |
| Coromandel International Ltd. | Chemicals | 0.99% | ₹6.78 Cr | +0.94% | +1.14% | — |
| Kajaria Ceramics Ltd. | Materials | 0.98% | ₹6.72 Cr | — | — | — |
| Grindwell Norton Ltd. | Metals & Mining | 0.97% | ₹6.67 Cr | — | — | — |
| ICICI Bank Ltd. | Financial | 0.96% | ₹6.54 Cr | — | — | — |
| company:2530 | Metals & Mining | 0.95% | ₹6.49 Cr | — | — | — |
| Blue Star Ltd. | Consumer Discretionary | 0.95% | ₹6.48 Cr | +0.96% | — | — |
| ideaForge Technology Ltd. | Capital Goods | 0.94% | ₹6.44 Cr | — | — | — |
| Cipla Ltd. | Healthcare | 0.93% | ₹6.34 Cr | — | — | — |
| Mazagon Dock Shipbuilders Ltd. | Capital Goods | 0.91% | ₹6.20 Cr | — | — | — |
| Shree Cement Ltd. | Materials | 0.89% | ₹6.09 Cr | +1.21% | +1.19% | +1.15% |
| Disa India Ltd. | Capital Goods | 0.88% | ₹6.03 Cr | +0.86% | +0.88% | +0.83% |
| Alkem Laboratories Ltd. | Healthcare | 0.86% | ₹5.89 Cr | — | — | — |
| Varun Beverages Ltd. | Consumer Staples | 0.82% | ₹5.65 Cr | +1.12% | +1.05% | +0.98% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Siemens Energy India Ltd. | 1.44% | 0.00% | -1.44% |
| company:1860 | 0.00% | 1.34% | +1.34% |
| Maruti Suzuki India Ltd. | 1.27% | 0.00% | -1.27% |
| company:19482 | 0.00% | 1.26% | +1.26% |
| company:5697 | 0.00% | 1.02% | +1.02% |
| APL Apollo Tubes Ltd. | 1.00% | 0.00% | -1.00% |
| company:2530 | 0.00% | 0.95% | +0.95% |
| Divi's Laboratories Ltd. | 4.52% | 5.23% | +0.71% |
| PTC Industries Ltd. | 1.97% | 2.41% | +0.44% |
| ideaForge Technology Ltd. | 0.57% | 0.94% | +0.37% |
| Bosch Ltd. | 1.60% | 1.91% | +0.31% |
| Samvardhana Motherson International Ltd. | 2.39% | 2.66% | +0.27% |
| Craftsman Automation Ltd. | 2.29% | 2.55% | +0.26% |
| Mahindra & Mahindra Ltd. | 4.90% | 4.65% | -0.25% |
| LMW Ltd. | 1.30% | 1.50% | +0.20% |
| Aditya Vision Ltd. | 2.48% | 2.29% | -0.19% |
| Vesuvius India Ltd. | 1.70% | 1.53% | -0.17% |
| Tata Steel Ltd. | 3.57% | 3.41% | -0.16% |
| Blue Star Ltd. | 1.11% | 0.95% | -0.16% |
| Anthem Biosciences Ltd. | 1.86% | 2.02% | +0.16% |
| Reliance Industries Ltd. | 3.91% | 3.75% | -0.16% |
| Archean Chemical Industries Ltd. | 1.65% | 1.50% | -0.15% |
| Technocraft Industries (India) Ltd. | 2.18% | 2.33% | +0.15% |
| Bharat Electronics Ltd. | 2.67% | 2.80% | +0.13% |
| Shree Cement Ltd. | 1.02% | 0.89% | -0.13% |
| SPR Auto Technologies Ltd. | 4.23% | 4.36% | +0.13% |
| K.P.R. Mill Ltd. | 1.21% | 1.33% | +0.12% |
| Inox India Ltd. | 1.23% | 1.35% | +0.12% |
| Fine Organic Industries Ltd. | 1.45% | 1.57% | +0.12% |
| Coromandel International Ltd. | 1.10% | 0.99% | -0.11% |
| Grasim Industries Ltd. | 1.64% | 1.75% | +0.11% |
| Varun Beverages Ltd. | 0.93% | 0.82% | -0.11% |
| Bajaj Auto Ltd. | 2.97% | 3.07% | +0.10% |
| Ingersoll-Rand (India) Ltd. | 0.94% | 1.04% | +0.10% |
| LG Balakrishnan & Bros Ltd. | 1.82% | 1.91% | +0.09% |
| Hindalco Industries Ltd. | 3.43% | 3.52% | +0.09% |
| Bharat Forge Ltd. | 1.36% | 1.28% | -0.08% |
| Sun Pharmaceutical Industries Ltd. | 4.14% | 4.06% | -0.08% |
| Alkem Laboratories Ltd. | 0.94% | 0.86% | -0.08% |
| ISGEC Heavy Engineering Ltd. | 1.36% | 1.28% | -0.08% |
| S.P. Apparels Ltd. | 1.78% | 1.86% | +0.08% |
| Grindwell Norton Ltd. | 1.04% | 0.97% | -0.07% |
| Cipla Ltd. | 0.99% | 0.93% | -0.06% |
| Tega Industries Ltd. | 0.06% | 0.00% | -0.06% |
| Tata Motors Ltd. | 1.02% | 1.08% | +0.06% |
| Thejo Engineering Ltd. | 1.65% | 1.60% | -0.05% |
| Powerica Ltd. | 1.26% | 1.21% | -0.05% |
| Cochin Shipyard Ltd. | 0.95% | 0.99% | +0.04% |
| NOCIL Ltd. | 1.34% | 1.38% | +0.04% |
| Schaeffler India Ltd. | 1.26% | 1.22% | -0.04% |
| Disa India Ltd. | 0.91% | 0.88% | -0.03% |
| Hindustan Aeronautics Ltd. | 1.69% | 1.72% | +0.03% |
| Mazagon Dock Shipbuilders Ltd. | 0.88% | 0.91% | +0.03% |
| Kajaria Ceramics Ltd. | 0.96% | 0.98% | +0.02% |
| Others | 0.04% | 0.04% | 0.00% |
| Kirloskar Brothers Ltd. | 2.20% | 2.20% | 0.00% |
| ICICI Bank Ltd. | 0.96% | 0.96% | 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 | ₹2,384 Cr | 1.63% | 14.7% | 13.0% | 18.5% |
 ICICI Prudential Manufacturing Fund | ₹7,175 Cr | 2.14% | 9.7% | 10.9% | 18.0% |
 Kotak Manufacture in India Fund | ₹3,127 Cr | 2.08% | 22.5% | 15.8% | — |
 Aditya Birla Sun Life Manufacturing Equity Fund | ₹1,402 Cr | 2.32% | 30.4% | 18.1% | 19.1% |
 Mirae Asset Nifty India Manufacturing ETF FoF | ₹129 Cr | 0.44% | 5.4% | 10.1% | — |
 Navi Nifty India Manufacturing Index Fund | ₹86.53 Cr | 1.15% | 5.5% | 10.0% | — |
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 months16.22% absolute | ₹60,000 | ₹69,732 | 16.22% | |
| 1 year9.31% annualised | ₹1,20,000 | ₹1,26,227 | 5.19% |
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 ₹10.68 as on 25 Sep 2026.
What is the expense ratio of Mahindra Manulife Manufacturing Fund?
The expense ratio of Mahindra Manulife Manufacturing Fund is 2.62% 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 ₹34,805 Cr under management.