Mahindra Manulife Value Fund
Value & ContraVery HighOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹12.36+0.42%1 day
- Return since launch
- 14.8%
- 52-week range
- ₹10.83 — ₹12.84
- AUM
- ₹1,029 Cr
Mahindra Manulife Value Fund is a Value & Contra equity fund from Mahindra Manulife Mutual Fund with ₹1,029 Cr under management, launched in 2025. The expense ratio is 2.53% and the SEBI riskometer reading is Very High.
Performance
Mahindra Manulife Value Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +10.8% against +0.7% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 6.3% | +3.9 pts | 2.4% | -2.2% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -3.8% | −0.6 pts | -3.2% | -3.5% |
| 3M | -0.4% | +0.4 pts | -0.8% | -1.1% |
| 6M | 11.7% | +3.0 pts | 8.7% | 7.7% |
| 1Y | 10.8% | +8.4 pts | 2.4% | 0.8% |
Since launch (7 Feb 2025): 14.8%
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
2.56%
Expense ratio as on 23 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.91%
- Brokerage
- 0.12%
- Transaction charges
- 0.01%
- Statutory levies
- 0.52%
- 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 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.
Very High
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
Portfolio
Mahindra Manulife Value Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity97.1%
- Other2.9%
Market cap split
- Large47.2%
- Mid24.8%
- Small28.0%
- P/E
- 18.75
- P/B
- 2.35
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| ICICI Bank Ltd. | Financial | 3.89% | ₹39.99 Cr | +3.93% | — | — |
| Reliance Industries Ltd. | Energy | 3.48% | ₹35.76 Cr | +2.70% | +2.67% | +3.80% |
| Others | Others | 2.87% | ₹29.55 Cr | +0.06% | +0.78% | +3.12% |
| Jindal Saw Ltd. | Metals & Mining | 2.60% | ₹26.78 Cr | +1.98% | +1.31% | — |
| Axis Bank Ltd. | Financial | 2.53% | ₹26.00 Cr | — | — | +4.18% |
| Vodafone Idea Ltd. | Communication | 2.41% | ₹24.82 Cr | +2.59% | +1.86% | — |
| Oil India Ltd. | Energy | 2.39% | ₹24.61 Cr | +1.49% | +3.09% | +1.64% |
| Adani Enterprises Ltd. | Services | 2.33% | ₹24.00 Cr | +1.31% | — | — |
| Indusind Bank Ltd. | Financial | 2.23% | ₹22.97 Cr | +2.49% | +3.06% | — |
| JSW Energy Ltd. | Capital Goods | 2.15% | ₹22.12 Cr | +3.04% | +2.45% | +1.95% |
| Bajaj Auto Ltd. | Automobile | 2.12% | ₹21.83 Cr | +2.52% | +2.82% | +2.33% |
| Ambuja Cements Ltd. | Materials | 2.08% | ₹21.36 Cr | +1.93% | +1.36% | — |
| Tube Investments Of India Ltd. | Automobile | 1.95% | ₹20.02 Cr | +2.72% | +2.81% | +1.22% |
| Indus Towers Ltd. | Communication | 1.92% | ₹19.70 Cr | +2.69% | +3.27% | +1.91% |
| IDFC First Bank Ltd. | Financial | 1.80% | ₹18.48 Cr | +1.59% | +1.93% | — |
| Grasim Industries Ltd. | Materials | 1.78% | ₹18.32 Cr | +2.04% | +2.16% | +2.55% |
| Glenmark Pharmaceuticals Ltd. | Healthcare | 1.73% | ₹17.76 Cr | +1.01% | +2.00% | — |
| company:3696 | Metals & Mining | 1.71% | ₹17.55 Cr | +0.53% | +1.01% | — |
| Punjab National Bank | Financial | 1.60% | ₹16.49 Cr | +1.02% | +1.01% | +1.31% |
| Adani Energy Solutions Ltd. | Energy | 1.60% | ₹16.48 Cr | — | — | — |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 1.60% | ₹16.47 Cr | +1.36% | +1.70% | +1.15% |
| Shriram Finance Ltd | Financial | 1.58% | ₹16.28 Cr | +2.24% | +1.53% | — |
| Infosys Ltd. | Technology | 1.55% | ₹15.96 Cr | +1.97% | +2.13% | +3.41% |
| company:5765 | Insurance | 1.54% | ₹15.88 Cr | — | — | — |
| Bandhan Bank Ltd. | Financial | 1.53% | ₹15.78 Cr | +2.42% | +1.29% | — |
| HDFC Bank Ltd. | Financial | 1.51% | ₹15.49 Cr | +2.28% | — | — |
| Tech Mahindra Ltd. | Technology | 1.50% | ₹15.47 Cr | +1.70% | +1.83% | +2.82% |
| Carborundum Universal Ltd. | Metals & Mining | 1.48% | ₹15.26 Cr | +1.46% | +0.61% | — |
| Balrampur Chini Mills Ltd. | Consumer Staples | 1.42% | ₹14.56 Cr | +0.93% | — | — |
| SPR Auto Technologies Ltd. | Automobile | 1.41% | ₹14.49 Cr | +1.28% | +1.39% | +1.58% |
| JIO Financial Services Ltd. | Financial | 1.41% | ₹14.48 Cr | +0.72% | — | — |
| NMDC Ltd. | Metals & Mining | 1.34% | ₹13.76 Cr | +1.27% | +1.39% | +0.76% |
| Biocon Ltd. | Healthcare | 1.32% | ₹13.60 Cr | +1.70% | +1.82% | — |
| company:1536 | Metals & Mining | 1.30% | ₹13.40 Cr | — | — | — |
| Voltamp Transformers Ltd. | Capital Goods | 1.29% | ₹13.28 Cr | +1.37% | +0.84% | +1.02% |
| Tata Consultancy Services Ltd. | Technology | 1.28% | ₹13.20 Cr | +1.49% | +1.72% | +1.85% |
| Engineers India Ltd. | Construction | 1.27% | ₹13.09 Cr | +1.05% | — | — |
| Vedanta Aluminium Metal Ltd. | Metals & Mining | 1.27% | ₹13.05 Cr | +0.17% | — | — |
| Maruti Suzuki India Ltd. | Automobile | 1.26% | ₹13.01 Cr | +0.99% | — | +1.18% |
| company:7678 | Capital Goods | 1.21% | ₹12.50 Cr | — | — | — |
| Mahindra Logistics Ltd. | Services | 1.21% | ₹12.42 Cr | +1.31% | +1.70% | — |
| Coforge Ltd. | Technology | 1.16% | ₹11.91 Cr | +1.03% | — | — |
| The Ramco Cements Ltd. | Materials | 1.15% | ₹11.79 Cr | +1.40% | +2.14% | +1.58% |
| Zydus Lifesciences Ltd. | Healthcare | 1.12% | ₹11.52 Cr | +1.30% | — | — |
| REC Ltd. | Financial | 1.08% | ₹11.14 Cr | +1.40% | +1.71% | +1.26% |
| Alkem Laboratories Ltd. | Healthcare | 1.08% | ₹11.11 Cr | +1.38% | +1.66% | +1.18% |
| Ceat Ltd. | Automobile | 1.06% | ₹10.88 Cr | +1.25% | +1.61% | +0.85% |
| K.P.R. Mill Ltd. | Textiles | 1.03% | ₹10.60 Cr | +1.05% | +0.64% | — |
| Elecon Engineering Company Ltd. | Capital Goods | 1.00% | ₹10.24 Cr | +0.82% | — | — |
| HCL Technologies Ltd. | Technology | 0.98% | ₹10.12 Cr | +1.10% | — | — |
| Mazagon Dock Shipbuilders Ltd. | Capital Goods | 0.96% | ₹9.92 Cr | +0.95% | — | — |
| company:1413 | Capital Goods | 0.96% | ₹9.84 Cr | — | — | — |
| company:5724 | Financial | 0.94% | ₹9.70 Cr | — | — | — |
| Kajaria Ceramics Ltd. | Materials | 0.93% | ₹9.56 Cr | +1.06% | +1.36% | +1.94% |
| Cipla Ltd. | Healthcare | 0.92% | ₹9.45 Cr | +1.13% | +1.28% | — |
| Gujarat Industries Power Company Ltd. | Energy | 0.89% | ₹9.16 Cr | +0.91% | +0.92% | +1.07% |
| Anthem Biosciences Ltd. | Healthcare | 0.88% | ₹9.04 Cr | — | — | — |
| GAIL (India) Ltd. | Energy | 0.86% | ₹8.88 Cr | +0.99% | +1.20% | +1.73% |
| LMW Ltd. | Capital Goods | 0.85% | ₹8.73 Cr | +0.87% | +0.96% | +1.30% |
| Ujjivan Small Finance Bank Ltd. | Financial | 0.84% | ₹8.64 Cr | +0.69% | +0.86% | — |
| Asahi India Glass Ltd. | Materials | 0.84% | ₹8.63 Cr | +0.98% | +0.77% | — |
| Coal India Ltd. | Materials | 0.78% | ₹8.04 Cr | +1.10% | +1.68% | +1.50% |
| Gokaldas Exports Ltd. | Textiles | 0.77% | ₹7.91 Cr | +0.84% | +0.92% | — |
| Container Corporation Of India Ltd. | Services | 0.75% | ₹7.68 Cr | +0.84% | — | — |
| company:5652 | Financial | 0.74% | ₹7.61 Cr | — | — | +1.25% |
| Kirloskar Brothers Ltd. | Capital Goods | 0.72% | ₹7.40 Cr | +0.77% | +0.87% | +1.51% |
| CESC Ltd. | Energy | 0.71% | ₹7.31 Cr | +1.10% | +1.12% | +1.52% |
| NBCC (India) Ltd. | Construction | 0.59% | ₹6.03 Cr | +0.84% | +0.92% | — |
| Deepak Nitrite Ltd. | Chemicals | 0.51% | ₹5.26 Cr | — | — | — |
| Petronet LNG Ltd. | Energy | 0.44% | ₹4.51 Cr | +0.98% | +1.37% | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| company:3696 | 0.00% | 1.71% | +1.71% |
| company:5765 | 0.00% | 1.54% | +1.54% |
| The Federal Bank Ltd. | 1.36% | 0.00% | -1.36% |
| company:1536 | 0.00% | 1.30% | +1.30% |
| company:7678 | 0.00% | 1.21% | +1.21% |
| ICICI Bank Ltd. | 4.93% | 3.89% | -1.04% |
| NHPC Ltd. | 1.00% | 0.00% | -1.00% |
| company:1413 | 0.00% | 0.96% | +0.96% |
| company:5724 | 0.00% | 0.94% | +0.94% |
| Tata Steel Ltd. | 0.90% | 0.00% | -0.90% |
| Jindal Saw Ltd. | 1.80% | 2.60% | +0.80% |
| Rolex Rings Ltd | 0.76% | 0.00% | -0.76% |
| company:5652 | 0.00% | 0.74% | +0.74% |
| JIO Financial Services Ltd. | 0.68% | 1.41% | +0.73% |
| Vodafone Idea Ltd. | 1.69% | 2.41% | +0.72% |
| Punjab National Bank | 2.25% | 1.60% | -0.65% |
| RBL Bank Ltd. | 0.59% | 0.00% | -0.59% |
| Shriram Finance Ltd | 2.17% | 1.58% | -0.59% |
| Reliance Industries Ltd. | 2.90% | 3.48% | +0.58% |
| Axis Bank Ltd. | 1.96% | 2.53% | +0.57% |
| Glenmark Pharmaceuticals Ltd. | 1.22% | 1.73% | +0.51% |
| Bajaj Auto Ltd. | 2.62% | 2.12% | -0.50% |
| Balrampur Chini Mills Ltd. | 0.93% | 1.42% | +0.49% |
| Petronet LNG Ltd. | 0.89% | 0.44% | -0.45% |
| Adani Energy Solutions Ltd. | 2.02% | 1.60% | -0.42% |
| Engineers India Ltd. | 0.88% | 1.27% | +0.39% |
| Aurobindo Pharma Ltd. | 0.38% | 0.00% | -0.38% |
| Ambuja Cements Ltd. | 2.43% | 2.08% | -0.35% |
| JSW Energy Ltd. | 2.49% | 2.15% | -0.34% |
| Adani Enterprises Ltd. | 2.67% | 2.33% | -0.34% |
| Vedanta Aluminium Metal Ltd. | 0.96% | 1.27% | +0.31% |
| REC Ltd. | 1.36% | 1.08% | -0.28% |
| Bandhan Bank Ltd. | 1.77% | 1.53% | -0.24% |
| HDFC Bank Ltd. | 1.73% | 1.51% | -0.22% |
| Anthem Biosciences Ltd. | 0.66% | 0.88% | +0.22% |
| Alkem Laboratories Ltd. | 1.27% | 1.08% | -0.19% |
| Indusind Bank Ltd. | 2.42% | 2.23% | -0.19% |
| Maruti Suzuki India Ltd. | 1.44% | 1.26% | -0.18% |
| Indus Towers Ltd. | 2.09% | 1.92% | -0.17% |
| Mazagon Dock Shipbuilders Ltd. | 0.80% | 0.96% | +0.16% |
| Mahindra Logistics Ltd. | 1.37% | 1.21% | -0.16% |
| CESC Ltd. | 0.87% | 0.71% | -0.16% |
| Biocon Ltd. | 1.48% | 1.32% | -0.16% |
| Tech Mahindra Ltd. | 1.66% | 1.50% | -0.16% |
| The Ramco Cements Ltd. | 1.30% | 1.15% | -0.15% |
| Sun TV Network Ltd. | 0.15% | 0.00% | -0.15% |
| Tube Investments Of India Ltd. | 2.09% | 1.95% | -0.14% |
| Sun Pharmaceutical Industries Ltd. | 1.74% | 1.60% | -0.14% |
| Infosys Ltd. | 1.68% | 1.55% | -0.13% |
| IDFC First Bank Ltd. | 1.92% | 1.80% | -0.12% |
| Cipla Ltd. | 1.04% | 0.92% | -0.12% |
| HCL Technologies Ltd. | 1.10% | 0.98% | -0.12% |
| NBCC (India) Ltd. | 0.70% | 0.59% | -0.11% |
| Gujarat Industries Power Company Ltd. | 0.78% | 0.89% | +0.11% |
| Elecon Engineering Company Ltd. | 1.10% | 1.00% | -0.10% |
| Ceat Ltd. | 1.16% | 1.06% | -0.10% |
| Gokaldas Exports Ltd. | 0.87% | 0.77% | -0.10% |
| GAIL (India) Ltd. | 0.96% | 0.86% | -0.10% |
| Coal India Ltd. | 0.87% | 0.78% | -0.09% |
| Tata Consultancy Services Ltd. | 1.37% | 1.28% | -0.09% |
| Container Corporation Of India Ltd. | 0.83% | 0.75% | -0.08% |
| Oil India Ltd. | 2.47% | 2.39% | -0.08% |
| LMW Ltd. | 0.78% | 0.85% | +0.07% |
| Coforge Ltd. | 1.09% | 1.16% | +0.07% |
| Carborundum Universal Ltd. | 1.55% | 1.48% | -0.07% |
| NMDC Ltd. | 1.40% | 1.34% | -0.06% |
| Zydus Lifesciences Ltd. | 1.18% | 1.12% | -0.06% |
| SPR Auto Technologies Ltd. | 1.46% | 1.41% | -0.05% |
| Kirloskar Brothers Ltd. | 0.77% | 0.72% | -0.05% |
| Kajaria Ceramics Ltd. | 0.97% | 0.93% | -0.04% |
| Ujjivan Small Finance Bank Ltd. | 0.80% | 0.84% | +0.04% |
| Voltamp Transformers Ltd. | 1.26% | 1.29% | +0.03% |
| K.P.R. Mill Ltd. | 1.00% | 1.03% | +0.03% |
| Deepak Nitrite Ltd. | 0.53% | 0.51% | -0.02% |
| Grasim Industries Ltd. | 1.78% | 1.78% | 0.00% |
| Asahi India Glass Ltd. | 0.84% | 0.84% | 0.00% |
| 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 | ₹2,929 Cr | 2.46% | 10.8% | 10.2% | 14.0% |
 HDFC Value Fund | ₹8,266 Cr | 1.88% | 5.2% | 8.3% | 13.2% |
 DSP Value Fund | ₹2,220 Cr | 2.40% | 1.3% | 8.9% | 13.1% |
 Quant Value Fund | ₹1,978 Cr | 2.46% | 11.9% | 9.3% | — |
 Axis Value Fund | ₹1,880 Cr | 2.27% | 7.6% | 9.7% | — |
 LIC MF Value Fund | ₹302 Cr | 3.30% | 28.3% | 14.8% | 15.7% |
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 from a diversified portfolio of predominantly equity and equity related instruments of companies which are undervalued (or are trading below their intrinsic value).
Fund managers
- 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..
- 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 months11.65% absolute | ₹60,000 | ₹66,990 | 11.65% | |
| 1 year10.79% annualised | ₹1,20,000 | ₹1,27,250 | 6.04% |
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 Value Fund?
The NAV of Mahindra Manulife Value Fund is ₹12.36 as on 25 Sep 2026.
What is the expense ratio of Mahindra Manulife Value Fund?
The expense ratio of Mahindra Manulife Value Fund is 2.53% per year.
What is the minimum SIP amount for Mahindra Manulife Value Fund?
You can start a SIP in Mahindra Manulife Value Fund with ₹3,000 a month.
Is there a lock-in or exit load on Mahindra Manulife Value Fund?
Lock-in: None. Exit load: Exit load of 0.50%, if redeemed within 3 months..
How risky is Mahindra Manulife Value Fund?
Mahindra Manulife Value Fund is rated Very High on the SEBI riskometer and belongs to the Value & Contra category.
Which fund house manages Mahindra Manulife Value Fund?
Mahindra Manulife Value Fund is managed by Mahindra Manulife Mutual Fund, which runs 27 schemes with ₹34,805 Cr under management.