Business News›Mutual Funds›Mahindra Manulife Mutual Fund › Mahindra Manulife Manufacturing Fund Direct - Growth
Mahindra Manulife Manufacturing Fund Direct - Grow...
Unrated
NAV as of Oct 17, 2025
10.140.04%
- Growth - Direct
(Earn upto 1.56% Extra Returns with Direct Plan)
Fund Category:
Equity: Thematic-Manufacturing
Expense Ratio:
0.72%(0.67% Category
average)Fund Size:
Rs. 803.40 Cr(2.35% of Investment in Category)
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Mahindra Manulife Manufacturing Fund Direct - Growth
Unrated
NAV as of Oct 17, 2025
10.140.04%
Expense Ratio:
0.72%
Fund Size:
Rs. 803.40 Cr
Fund Category:
Equity: Thematic-Manufacturing
Mahindra Manulife Manufacturing Fund Direct - Growth Fund Key Highlights
1. Current NAV: The Current Net Asset Value of the Mahindra Manulife Manufacturing Fund - Direct Plan as of Oct 17, 2025 is Rs 10.14 for Growth option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: -1.49% (1yr) and 0.85% (since launch). Whereas, Category returns for the same time duration are: -2.45% (1yr), 21.87% (3yr) and 23.95% (5yr).
3. Fund Size: The Mahindra Manulife Manufacturing Fund - Direct Plan currently holds Assets under Management worth of Rs 803.4 crore as on Sep 30, 2025.
4. Expense ratio: The expense ratio of the fund is 0.72% for Direct plan as on Oct 09, 2025.
5. Exit Load: Mahindra Manulife Manufacturing Fund - Direct Plan shall attract an Exit Load, "Exit load of 0.5%, if redeemed within 3 months."
6. Minimum Investment: Minimum investment required is Rs 1000 and minimum additional investment is Rs 1000. Minimum SIP investment is Rs 500.
1. Current NAV: The Current Net Asset Value of the Mahindra Manulife Manufacturing Fund - Direct Plan as of Oct 17, 2025 is Rs 10.14 for Growth option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: -1.49% (1yr) and 0.85% (since launch). Whereas, Category returns for the same time duration are: -2.45% (1yr), 21.87% (3yr) and 23.95% (5yr).
3. Fund Size: The Mahindra Manulife Manufacturing Fund - Direct Plan currently holds Assets under Management worth of Rs 803.4 crore as on Sep 30, 2025.
4. Expense ratio: The expense ratio of the fund is 0.72% for Direct plan as on Oct 09, 2025.
5. Exit Load: Mahindra Manulife Manufacturing Fund - Direct Plan shall attract an Exit Load, "Exit load of 0.5%, if redeemed within 3 months."
6. Minimum Investment: Minimum investment required is Rs 1000 and minimum additional investment is Rs 1000. Minimum SIP investment is Rs 500.
Mahindra Manulife Manufacturing Fund Direct - Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns -0.90 0.19 13.36 -0.22 - - Category Avg -1.21 1.85 14.38 -0.65 22.60 24.36 Rank within Category 7 12 14 11 - - No. of funds within Category 20 18 17 16 6 2 - Loading...
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Return Comparison
- This Fund
- BenchmarkBSE India Manufacturing Total Return Index
Choose from Benchmarks
- S&P BSE Sensex
- Nifty 50
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- 3M
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- 1Y
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Mahindra Manulife Manufacturing Fund Direct - Growth Fund Details
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 House | Mahindra Manulife Mutual Fund |
| Launch Date | Jun 24, 2024 |
| Benchmark | BSE India Manufacturing Total Return Index |
| Return Since Launch | 1.07% |
| Riskometer | Very High |
| Type | Open-ended |
| Risk Grade | - |
| Return Grade | - |
Mahindra Manulife Manufacturing Fund Direct - Growth Investment Details
| Minimum Investment (Rs.) | 1,000.00 |
| Minimum Additional Investment (Rs.) | 1,000.00 |
| Minimum SIP Investment (Rs.) | 500.00 |
| Minimum Withdrawal (Rs.) | 1,000.00 |
| Exit Load Exit load of 0.5%, if redeemed within 3 months. | |
Portfolio Allocation
Asset Allocation
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Asset Allocation History
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EquityDebtCash
Sector Allocation
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Market Cap Allocation
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Concentration & Valuation Analysis
| SEP 2025 | AUG 2025 | JUL 2025 | JUN 2025 | MAY 2025 | APR 2025 | |
|---|---|---|---|---|---|---|
| Number of Holdings | 54 | 56 | 55 | 57 | 57 | 57 |
| Top 5 Company Holdings | 17.93% | 17.3% | 17.45% | 17.77% | 16.65% | 16.65% |
| Top 10 Company Holdings | 31.28% | 30.14% | 30.17% | 30.42% | 28.92% | 29.03% |
| Company with Highest Exposure | Mahindra & Mahindra (4.74%) | Mahindra & Mahindra (4.41%) | Mahindra & Mahindra (4.24%) | Mahindra & Mahindra (4.16%) | Mahindra & Mahindra (3.95%) | Mahindra & Mahindra (4.16%) |
| Number of Sectors | 11 | 12 | 12 | 12 | 12 | 12 |
| Top 3 Sector Holdings | 51.91% | 50.95% | 50.29% | 51.33% | 51.55% | 48.41% |
| Top 5 Sector Holdings | 71.91% | 71.26% | 70.61% | 71.37% | 70.99% | 68.93% |
| Sector with Highest Exposure | Automobile (21.58%) | Automobile (20.34%) | Automobile (18.89%) | Automobile (19.21%) | Automobile (19.35%) | Automobile (18.1%) |
Top Stock Holdings
Sector Holdings in MF
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) Mahindra & Mahindra Automobile 4.74 33.04 110.41 23.10 Reliance Industries Energy 4.09 23.07 61.41 4.28 Bharat Electronics Capital Goods 3.23 54.87 7.52 43.79 Shriram Pistons & Rings Automobile 2.98 22.48 119.17 20.61 Deepak Fertilisers And Petrochemicals Corporation Chemicals 2.89 18.49 77.73 41.59 PTC Industries Metals & Mining 2.82 409.82 40.90 29.42 Kirloskar Brothers Capital Goods 2.71 37.59 52.48 6.20 Divi's Laboratories Healthcare 2.68 76.23 86.87 9.95 ONGC Energy 2.59 8.65 28.63 -12.52 Samvardhana Motherson Automobile 2.55 33.28 3.15 -23.41
Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y Mahindra Manulife Manufacturing Fund Direct - Growth 10.14 Unrated 803.40 -0.90 -0.22 - - Navi Nifty India Manufacturing Index Fund Direct - Growth 18.33 Unrated 67.18 -0.56 1.64 23.19 - Quant Manufacturing Fund Direct - Growth 15.22 Unrated 782.69 -2.09 -13.91 - - Axis India Manufacturing Fund Direct-Growth 14.58 Unrated 5,301.33 -1.35 -0.14 - - Canara Robeco Manufacturing Fund Direct - Growth 13.08 Unrated 1,642.37 -1.65 -0.15 - -
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Risk Ratio data not available for this fund
Mahindra Manulife Mutual Fund News
Fund Manager
- M.L.Manish LodhaSince May 20249 schemes
- R.S.Renjith Sivaram RadhakrishnanSince May 20243 schemes
Mr. Lodha is a Chartered Accountant and Company Secretary Prior to joining Mahindra Manulife Mutual Fund, he was associated with Canara HSBC OBC Life Insurance Co Ltd, Kotak Mahindra Mutual Fund. In these roles, he was responsible for Portfolio Management, Equity Research. He has also held various positions in Finance function during his association with BOC India Ltd (Now Linde India Ltd.).
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Mahindra Manulife Flexi Cap Fund Direct - Growth Flexi Cap 17.85 1,524.48 3.93 Mahindra Manulife Aggressive Hybrid Fund Direct - Growth Aggressive Hybrid 30.96 1,876.07 6.32 Mahindra Manulife Balanced Advantage Fund Direct - Growth Dynamic Asset Allocation 15.63 912.46 4.43 Mahindra Manulife Large & Mid Cap Fund Direct - Growth Large & MidCap 30.05 2,646.53 -0.91 Mahindra Manulife ELSS Tax Saver Fund Direct -Growth ELSS 34.22 942.34 4.17 Mahindra Manulife Mid Cap Fund Direct - Growth Mid Cap 37.63 3,994.38 -2.60 Mahindra Manulife Equity Savings Fund Direct - Growth Equity Savings 24.59 558.10 6.61 Mahindra Manulife Multi Cap Fund Direct - Growth Multi Cap 41.66 5,719.59 0.95 Mahindra Manulife Small Cap Fund Direct - Growth Small Cap 20.45 Unrated 4,065.07 -5.77 Mr. Sivaram is an MBA in Finance and holds a Bachelor’s degree in Mechanical engineering Prior 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
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Mahindra Manulife Equity Savings Fund Direct - Growth Equity Savings 24.59 558.10 6.61 Mahindra Manulife Multi Asset Allocation Fund Direct - Growth Multi Asset Allocation 13.46 Unrated 691.32 17.53 Mahindra Manulife Business Cycle Fund Direct - Growth Thematic-Business Cycle 15.43 Unrated 1,227.72 -2.63
More Mahindra Manulife Mutual Fund
| Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
|---|---|---|---|---|---|---|---|
| Mahindra Manulife Multi Cap Fund Direct - Growth | 5,727.03 | -0.46 | 0.79 | 16.05 | -3.55 | 20.46 | |
| Mahindra Manulife Small Cap Fund Direct - Growth | 4,052.92 | 0.48 | 2.19 | 18.02 | -8.88 | - | |
| Mahindra Manulife Mid Cap Fund Direct - Growth | 3,920.88 | 0.28 | -0.44 | 12.94 | -5.70 | 23.38 | |
| Mahindra Manulife Large & Mid Cap Fund Direct - Growth | 2,687.96 | -0.91 | -0.75 | 14.37 | -5.06 | 16.96 | |
| Mahindra Manulife Focused Fund Direct - Growth | 2,136.65 | 0.41 | 0.43 | 9.93 | -4.74 | 20.50 | |
| Mahindra Manulife Aggressive Hybrid Fund Direct - Growth | 1,811.08 | 0.88 | 1.91 | 13.13 | 2.52 | 18.44 | |
| Mahindra Manulife Flexi Cap Fund Direct - Growth | 1,528.56 | 0.95 | 1.74 | 14.14 | -1.43 | 17.79 | |
| Mahindra Manulife Business Cycle Fund Direct - Growth | 1,226.81 | 0.84 | 0.66 | 13.28 | -6.99 | - | |
| Mahindra Manulife Liquid Fund Direct -Growth | 1,011.14 | 0.48 | 1.49 | 3.34 | 7.01 | 7.11 | |
| Mahindra Manulife ELSS Tax Saver Fund Direct -Growth | 952.81 | 1.00 | 1.41 | 14.19 | -0.69 | 15.86 |
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About Mahindra Manulife Manufacturing Fund Direct - Growth
1. Mahindra Manulife Manufacturing Fund - Direct Plan is Open-ended Thematic-Manufacturing Equity scheme which belongs to Mahindra Manulife Mutual Fund House.
2. The fund was launched on Jun 24, 2024.
Investment objective & Benchmark
1. The investment objective of the fund is that " The Scheme seek to generate long term capital appreciation by investing predominantly in equity and equity related securities of companies engaged in manufacturing theme. "
2. It is benchmarked against BSE India Manufacturing Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 97.85% in equities, 0.0% in debts and 2.15% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 31.28% of the assets, the top 3 sectors constitute around 51.91% of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
Tax Implications on Mahindra Manulife Manufacturing Fund Direct - Growth
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of upto Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
1. Mahindra Manulife Manufacturing Fund - Direct Plan is Open-ended Thematic-Manufacturing Equity scheme which belongs to Mahindra Manulife Mutual Fund House.
2. The fund was launched on Jun 24, 2024.
Investment objective & Benchmark
1. The investment objective of the fund is that " The Scheme seek to generate long term capital appreciation by investing predominantly in equity and equity related securities of companies engaged in manufacturing theme. "
2. It is benchmarked against BSE India Manufacturing Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 97.85% in equities, 0.0% in debts and 2.15% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 31.28% of the assets, the top 3 sectors constitute around 51.91% of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
Tax Implications on Mahindra Manulife Manufacturing Fund Direct - Growth
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of upto Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
This Might Catch Your Interest
FAQs about Mahindra Manulife Manufacturing Fund Direct - Growth
- Is it safe to invest in Mahindra Manulife Manufacturing Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Mahindra Manulife Manufacturing Fund - Direct Plan comes under Very High risk category.
- What is the category of Mahindra Manulife Manufacturing Fund - Direct Plan?Mahindra Manulife Manufacturing Fund - Direct Plan belongs to the Equity : Thematic-Manufacturing category of funds.
- How Long should I Invest in Mahindra Manulife Manufacturing Fund - Direct Plan?The suggested investment horizon of investing into Mahindra Manulife Manufacturing Fund - Direct Plan is null. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the Mahindra Manulife Manufacturing Fund - Direct Plan?The Mahindra Manulife Manufacturing Fund - Direct Plan is managed by Manish Lodha (Since May 31, 2024) and Renjith Sivaram Radhakrishnan (Since May 31, 2024).
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