Mahindra Manulife Value Fund
Value & ContraVery HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹12.36+0.35%1 day
- Return since launch
- 12.6%
- 52-week range
- ₹10.83 — ₹12.84
- AUM
- ₹1,015 Cr
Mahindra Manulife Value Fund is a Value & Contra equity fund from Mahindra Manulife Mutual Fund with ₹1,015 Cr under management, launched in 2025. The expense ratio is 2.58% 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 +5.3% 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 | 4.9% | +3.9 pts | 1.1% | 3.2% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 5.5% | −0.4 pts | 5.9% | 6.3% |
| 3M | -3.3% | −2.1 pts | -1.1% | -1.5% |
| 6M | 1.4% | −1.2 pts | 2.6% | 2.1% |
| 1Y | 5.7% | +4.7 pts | 1.1% | -0.2% |
Since launch (7 Feb 2025): 12.6%
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
2.51%
Expense ratio as on 6 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.90%
- Brokerage
- 0.11%
- Transaction charges
- 0.01%
- Statutory levies
- 0.49%
- 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 30 Sep 2026
Asset allocation
- Equity98.4%
- Other1.6%
Market cap split
- Large49.6%
- Mid22.1%
- Small28.3%
- P/E
- 17.16
- P/B
- 2.16
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Reliance Industries Ltd. | Energy | 4.09% | ₹41.55 Cr | +2.46% | +2.71% | +3.51% |
| Axis Bank Ltd. | Financial | 3.62% | ₹36.78 Cr | +2.53% | — | +4.16% |
| HDFC Bank Ltd. | Financial | 3.62% | ₹36.74 Cr | +2.27% | +2.07% | — |
| ICICI Bank Ltd. | Financial | 3.58% | ₹36.35 Cr | +5.01% | +2.34% | — |
| Life Insurance Corporation of India | Insurance | 2.73% | ₹27.66 Cr | — | — | — |
| Adani Enterprises Ltd. | Services | 2.40% | ₹24.37 Cr | +1.67% | — | — |
| Jindal Saw Ltd. | Metals & Mining | 2.37% | ₹24.02 Cr | +1.95% | +1.82% | — |
| Oil India Ltd. | Energy | 2.25% | ₹22.86 Cr | — | +3.20% | +1.59% |
| Vodafone Idea Ltd. | Communication | 2.21% | ₹22.43 Cr | +2.00% | +1.58% | — |
| Bandhan Bank Ltd. | Financial | 2.12% | ₹21.48 Cr | +2.21% | +1.28% | — |
| JSW Energy Ltd. | Capital Goods | 2.07% | ₹21.02 Cr | +2.78% | +2.50% | +1.95% |
| Indusind Bank Ltd. | Financial | 2.01% | ₹20.37 Cr | +2.34% | +2.54% | — |
| Ambuja Cements Ltd. | Materials | 1.96% | ₹19.92 Cr | +1.69% | +1.15% | +0.52% |
| Bajaj Auto Ltd. | Automobile | 1.93% | ₹19.57 Cr | +2.18% | +2.62% | +3.19% |
| Steel Authority Of India Ltd. | Metals & Mining | 1.88% | ₹19.06 Cr | — | +0.97% | — |
| Indus Towers Ltd. | Communication | 1.86% | ₹18.91 Cr | +2.22% | +3.16% | +1.78% |
| IDFC First Bank Ltd. | Financial | 1.73% | ₹17.51 Cr | +1.65% | +1.63% | — |
| Carborundum Universal Ltd. | Metals & Mining | 1.70% | ₹17.27 Cr | +1.56% | +0.66% | — |
| Tube Investments Of India Ltd. | Automobile | 1.69% | ₹17.10 Cr | +2.44% | +2.71% | +2.28% |
| Glenmark Pharmaceuticals Ltd. | Healthcare | 1.65% | ₹16.72 Cr | +0.91% | +2.10% | — |
| Grasim Industries Ltd. | Materials | 1.64% | ₹16.64 Cr | +1.89% | +2.08% | +2.75% |
| Alkem Laboratories Ltd. | Healthcare | 1.62% | ₹16.44 Cr | +1.30% | +1.65% | +1.11% |
| Others | Others | 1.61% | ₹16.39 Cr | +0.06% | +7.62% | +9.15% |
| Punjab National Bank | Financial | 1.61% | ₹16.32 Cr | +2.26% | — | +1.55% |
| Adani Energy Solutions Ltd. | Energy | 1.51% | ₹15.29 Cr | — | — | — |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 1.49% | ₹15.08 Cr | +1.31% | +1.81% | +2.02% |
| Tech Mahindra Ltd. | Technology | 1.43% | ₹14.48 Cr | +1.50% | +1.96% | +2.45% |
| Shriram Finance Ltd | Financial | 1.42% | ₹14.42 Cr | +2.30% | +1.63% | — |
| HBL Engineering Ltd. | Capital Goods | 1.40% | ₹14.19 Cr | — | — | — |
| Engineers India Ltd. | Construction | 1.37% | ₹13.93 Cr | +1.01% | — | — |
| Balrampur Chini Mills Ltd. | Consumer Staples | 1.37% | ₹13.92 Cr | +0.93% | — | — |
| Mahindra Logistics Ltd. | Services | 1.36% | ₹13.83 Cr | +1.33% | +1.58% | — |
| JIO Financial Services Ltd. | Financial | 1.28% | ₹13.01 Cr | +0.66% | — | — |
| Voltamp Transformers Ltd. | Capital Goods | 1.26% | ₹12.78 Cr | +1.40% | +2.14% | +0.87% |
| Hindustan Zinc Ltd. | Metals & Mining | 1.25% | ₹12.74 Cr | — | — | — |
| Vedanta Aluminium Metal Ltd. | Metals & Mining | 1.22% | ₹12.39 Cr | +0.60% | — | — |
| Biocon Ltd. | Healthcare | 1.20% | ₹12.22 Cr | +1.55% | +1.78% | — |
| NMDC Ltd. | Metals & Mining | 1.18% | ₹11.94 Cr | +1.49% | +1.37% | +0.98% |
| Zydus Lifesciences Ltd. | Healthcare | 1.14% | ₹11.53 Cr | +1.24% | — | — |
| Maruti Suzuki India Ltd. | Automobile | 1.13% | ₹11.49 Cr | +1.00% | — | — |
| Elecon Engineering Company Ltd. | Capital Goods | 1.13% | ₹11.48 Cr | +0.80% | — | — |
| The Ramco Cements Ltd. | Materials | 1.12% | ₹11.33 Cr | +1.40% | +1.84% | +1.83% |
| KEC International Ltd. | Capital Goods | 1.12% | ₹11.32 Cr | — | — | — |
| Tata Consultancy Services Ltd. | Technology | 1.11% | ₹11.28 Cr | +1.25% | +1.62% | +3.69% |
| HEG Advanced Materials Ltd. | Capital Goods | 1.11% | ₹11.26 Cr | — | — | — |
| SPR Auto Technologies Ltd. | Automobile | 1.05% | ₹10.70 Cr | +1.47% | +1.42% | +1.56% |
| Ceat Ltd. | Automobile | 1.02% | ₹10.39 Cr | +1.25% | +1.56% | +0.84% |
| REC Ltd. | Financial | 1.02% | ₹10.31 Cr | +1.40% | +1.57% | +1.92% |
| Infosys Ltd. | Technology | 0.99% | ₹10.01 Cr | +1.58% | +2.16% | +3.07% |
| K.P.R. Mill Ltd. | Textiles | 0.98% | ₹9.93 Cr | +1.19% | +1.11% | — |
| Kajaria Ceramics Ltd. | Materials | 0.93% | ₹9.49 Cr | +1.09% | +1.37% | +1.72% |
| HCL Technologies Ltd. | Technology | 0.93% | ₹9.48 Cr | +0.93% | +1.54% | — |
| HEG Graphite Ltd. | Capital Goods | 0.92% | ₹9.37 Cr | — | — | — |
| HDFC Life Insurance Co Ltd. | Insurance | 0.90% | ₹9.12 Cr | — | — | — |
| Cipla Ltd. | Healthcare | 0.89% | ₹9.03 Cr | +1.10% | +1.23% | — |
| IIFL Finance Ltd. | Financial | 0.89% | ₹9.01 Cr | — | — | — |
| Container Corporation Of India Ltd. | Services | 0.88% | ₹8.95 Cr | +0.80% | — | — |
| Asahi India Glass Ltd. | Materials | 0.86% | ₹8.69 Cr | +0.86% | +1.06% | +1.32% |
| Coal India Ltd. | Materials | 0.84% | ₹8.50 Cr | +0.98% | +1.35% | +1.43% |
| Mazagon Dock Shipbuilders Ltd. | Capital Goods | 0.83% | ₹8.45 Cr | +0.90% | — | — |
| Ujjivan Small Finance Bank Ltd. | Financial | 0.83% | ₹8.44 Cr | +0.69% | +0.79% | — |
| Gujarat Industries Power Company Ltd. | Energy | 0.81% | ₹8.25 Cr | +0.83% | +0.83% | +1.00% |
| LMW Ltd. | Capital Goods | 0.76% | ₹7.76 Cr | +0.81% | +0.82% | +1.22% |
| Canara Bank | Financial | 0.71% | ₹7.17 Cr | — | — | +1.59% |
| CESC Ltd. | Energy | 0.56% | ₹5.64 Cr | +0.95% | +1.12% | +1.49% |
| Kirloskar Brothers Ltd. | Capital Goods | 0.52% | ₹5.28 Cr | +0.90% | +0.78% | +1.38% |
| Deepak Nitrite Ltd. | Chemicals | 0.45% | ₹4.60 Cr | — | — | — |
| Gokaldas Exports Ltd. | Textiles | 0.44% | ₹4.42 Cr | +0.99% | +0.88% | +1.06% |
| Anthem Biosciences Ltd. | Healthcare | 0.43% | ₹4.40 Cr | +0.66% | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| HDFC Bank Ltd. | 1.51% | 3.62% | +2.12% |
| HBL Engineering Ltd. | 0.00% | 1.40% | +1.40% |
| Life Insurance Corporation of India | 1.54% | 2.73% | +1.18% |
| Coforge Ltd. | 1.16% | 0.00% | -1.16% |
| Axis Bank Ltd. | 2.53% | 3.62% | +1.10% |
| HEG Graphite Ltd. | 0.00% | 0.92% | +0.92% |
| HDFC Life Insurance Co Ltd. | 0.00% | 0.90% | +0.90% |
| GAIL (India) Ltd. | 0.86% | 0.00% | -0.86% |
| Reliance Industries Ltd. | 3.48% | 4.09% | +0.62% |
| NBCC (India) Ltd. | 0.59% | 0.00% | -0.59% |
| Bandhan Bank Ltd. | 1.53% | 2.12% | +0.58% |
| Infosys Ltd. | 1.55% | 0.99% | -0.56% |
| Alkem Laboratories Ltd. | 1.08% | 1.62% | +0.54% |
| Anthem Biosciences Ltd. | 0.88% | 0.43% | -0.45% |
| Petronet LNG Ltd. | 0.44% | 0.00% | -0.44% |
| SPR Auto Technologies Ltd. | 1.41% | 1.05% | -0.35% |
| Gokaldas Exports Ltd. | 0.77% | 0.44% | -0.33% |
| ICICI Bank Ltd. | 3.89% | 3.58% | -0.31% |
| Tube Investments Of India Ltd. | 1.95% | 1.69% | -0.26% |
| Jindal Saw Ltd. | 2.60% | 2.37% | -0.24% |
| Indusind Bank Ltd. | 2.23% | 2.01% | -0.23% |
| Carborundum Universal Ltd. | 1.48% | 1.70% | +0.22% |
| Vodafone Idea Ltd. | 2.41% | 2.21% | -0.20% |
| Kirloskar Brothers Ltd. | 0.72% | 0.52% | -0.20% |
| Bajaj Auto Ltd. | 2.12% | 1.93% | -0.19% |
| Steel Authority Of India Ltd. | 1.71% | 1.88% | +0.17% |
| Tata Consultancy Services Ltd. | 1.28% | 1.11% | -0.17% |
| Shriram Finance Ltd | 1.58% | 1.42% | -0.16% |
| NMDC Ltd. | 1.34% | 1.18% | -0.16% |
| Mahindra Logistics Ltd. | 1.21% | 1.36% | +0.16% |
| CESC Ltd. | 0.71% | 0.56% | -0.15% |
| HEG Advanced Materials Ltd. | 0.96% | 1.11% | +0.15% |
| Grasim Industries Ltd. | 1.78% | 1.64% | -0.14% |
| Oil India Ltd. | 2.39% | 2.25% | -0.14% |
| Elecon Engineering Company Ltd. | 1.00% | 1.13% | +0.14% |
| Container Corporation Of India Ltd. | 0.75% | 0.88% | +0.14% |
| Maruti Suzuki India Ltd. | 1.26% | 1.13% | -0.13% |
| Mazagon Dock Shipbuilders Ltd. | 0.96% | 0.83% | -0.13% |
| JIO Financial Services Ltd. | 1.41% | 1.28% | -0.13% |
| Biocon Ltd. | 1.32% | 1.20% | -0.12% |
| Sun Pharmaceutical Industries Ltd. | 1.60% | 1.49% | -0.12% |
| Ambuja Cements Ltd. | 2.08% | 1.96% | -0.11% |
| Engineers India Ltd. | 1.27% | 1.37% | +0.10% |
| KEC International Ltd. | 1.21% | 1.12% | -0.10% |
| Adani Energy Solutions Ltd. | 1.60% | 1.51% | -0.10% |
| LMW Ltd. | 0.85% | 0.76% | -0.08% |
| Glenmark Pharmaceuticals Ltd. | 1.73% | 1.65% | -0.08% |
| JSW Energy Ltd. | 2.15% | 2.07% | -0.08% |
| Gujarat Industries Power Company Ltd. | 0.89% | 0.81% | -0.08% |
| Tech Mahindra Ltd. | 1.50% | 1.43% | -0.08% |
| IDFC First Bank Ltd. | 1.80% | 1.73% | -0.07% |
| Adani Enterprises Ltd. | 2.33% | 2.40% | +0.07% |
| REC Ltd. | 1.08% | 1.02% | -0.07% |
| Deepak Nitrite Ltd. | 0.51% | 0.45% | -0.06% |
| Coal India Ltd. | 0.78% | 0.84% | +0.06% |
| IIFL Finance Ltd. | 0.94% | 0.89% | -0.06% |
| K.P.R. Mill Ltd. | 1.03% | 0.98% | -0.05% |
| Indus Towers Ltd. | 1.92% | 1.86% | -0.05% |
| HCL Technologies Ltd. | 0.98% | 0.93% | -0.05% |
| Vedanta Aluminium Metal Ltd. | 1.27% | 1.22% | -0.05% |
| Hindustan Zinc Ltd. | 1.30% | 1.25% | -0.05% |
| Balrampur Chini Mills Ltd. | 1.42% | 1.37% | -0.04% |
| Ceat Ltd. | 1.06% | 1.02% | -0.03% |
| Canara Bank | 0.74% | 0.71% | -0.03% |
| Voltamp Transformers Ltd. | 1.29% | 1.26% | -0.03% |
| The Ramco Cements Ltd. | 1.15% | 1.12% | -0.03% |
| Cipla Ltd. | 0.92% | 0.89% | -0.03% |
| Asahi India Glass Ltd. | 0.84% | 0.86% | +0.02% |
| Zydus Lifesciences Ltd. | 1.12% | 1.14% | +0.02% |
| Ujjivan Small Finance Bank Ltd. | 0.84% | 0.83% | -0.01% |
| Kajaria Ceramics Ltd. | 0.93% | 0.93% | +0.01% |
| Punjab National Bank | 1.60% | 1.61% | +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 | ₹2,879 Cr | 2.41% | 12.1% | 10.0% | 14.5% |
 HDFC Value Fund | ₹8,039 Cr | 1.87% | 10.9% | 9.3% | 13.7% |
 DSP Value Fund | ₹2,225 Cr | 2.35% | 9.2% | 10.7% | 14.2% |
 Quant Value Fund | ₹1,917 Cr | 2.31% | 8.0% | 7.3% | — |
 Axis Value Fund | ₹1,877 Cr | 2.20% | 13.0% | 10.5% | 15.8% |
 LIC MF Value Fund | ₹336 Cr | 3.33% | 19.4% | 12.2% | 14.2% |
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 months1.38% absolute | ₹60,000 | ₹60,828 | 1.38% | |
| 1 year5.72% annualised | ₹1,20,000 | ₹1,23,784 | 3.15% |
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 9 Nov 2026.
What is the expense ratio of Mahindra Manulife Value Fund?
The expense ratio of Mahindra Manulife Value Fund is 2.58% 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 ₹38,154 Cr under management.