How much expense ratio is charged by Mahindra Manulife Banking & Financial Services Fund Direct Growth?

The term Expense Ratio used for Mahindra Manulife Banking & Financial Services Fund Direct Growth or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio of Mahindra Manulife Banking & Financial Services Fund Direct Growth is 0.61% as of 03 Sep 2025...

What is the PE and PB ratio of Mahindra Manulife Banking & Financial Services Fund Direct Growth?

The PE ratio ratio of Mahindra Manulife Banking & Financial Services Fund Direct Growth is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

Mahindra Manulife Banking & Financial Services Fund Direct Growth

<img alt="Mahindra Manulife Banking &amp; Financial Services Fund Direct Growth" srcSet="https://assets-netstorage.groww.in/mf-assets/logos/mahindra_groww.png 1x, https://assets-netstorage.groww.in/mf-assets/logos/mahindra_groww.png 2x" src="https://assets-netstorage.groww.in/mf-assets/logos/mahindra_groww.png" decoding="async" data-nimg="intrinsic" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%" class="companyLogo_companyImage__bT0On absolute-center mfh239Logo" loading="lazy"/>
Mahindra Manulife Banking & Financial Services Fund Direct Growth
Equity
Sectoral
Very High Risk
1M
All
 NAV: 02 Sep 2025
₹9.63
Rating
NA
Min. SIP amount
₹500
Fund size
₹286.55Cr
Return calculator
Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of ₹0
Would have become ₹ (%)
Holdings (20)NameSectorInstrumentAssets
HDFC Bank Ltd.
FinancialEquity19.41%
ICICI Bank Ltd.
FinancialEquity17.46%
Axis Bank Ltd.
FinancialEquity4.66%
Bajaj Finance Ltd.
FinancialEquity3.74%
State Bank of India
FinancialEquity3.70%
Canara Bank
FinancialEquity2.76%
HDFC Life Insurance Co Ltd.
InsuranceEquity2.40%
Nippon Life India Asset Management Ltd.
FinancialEquity1.96%
Shriram Finance Ltd
FinancialEquity1.94%
SBI Life Insurance Company Ltd.
InsuranceEquity1.92%
Indian Bank
FinancialEquity1.88%
Kotak Mahindra Bank Ltd.
FinancialEquity1.76%
Karur Vysya Bank Ltd.
FinancialEquity1.46%
PNB Housing Finance Ltd.
FinancialEquity1.38%
Cholamandalam Investment and Finance Company Ltd.
FinancialEquity1.32%
Manappuram Finance Ltd.
FinancialEquity1.12%
RBL Bank Ltd.
FinancialEquity0.98%
REC Ltd.
FinancialEquity0.95%
IIFL Finance Ltd.
FinancialEquity0.86%
IDFC First Bank Ltd.
FinancialEquity0.48%
See All
Minimum investment amountsMin. for 1st investment₹1,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹500
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Equity Sectoral
Absolute returns
1M3M6MAll
Fund returns-3.3%NANA-4.2%
Category averageNANANANA
Rank with in categoryNANANANA
Understand terms
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting  your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
01 Sep 2025 - Present
0.61%
31 Aug 2025 - 01 Sep 2025
0.61%
30 Aug 2025 - 31 Aug 2025
0.61%
29 Aug 2025 - 30 Aug 2025
0.61%
28 Aug 2025 - 29 Aug 2025
0.61%
27 Aug 2025 - 28 Aug 2025
0.61%
26 Aug 2025 - 27 Aug 2025
0.61%
25 Aug 2025 - 26 Aug 2025
0.50%
24 Aug 2025 - 25 Aug 2025
0.50%
22 Aug 2025 - 24 Aug 2025
0.50%
21 Aug 2025 - 22 Aug 2025
0.50%
20 Aug 2025 - 21 Aug 2025
0.50%
19 Aug 2025 - 20 Aug 2025
0.50%
18 Aug 2025 - 19 Aug 2025
0.50%
17 Aug 2025 - 18 Aug 2025
0.50%
16 Aug 2025 - 17 Aug 2025
0.50%
14 Aug 2025 - 16 Aug 2025
0.50%
13 Aug 2025 - 14 Aug 2025
0.50%
12 Aug 2025 - 13 Aug 2025
0.50%
11 Aug 2025 - 12 Aug 2025
0.50%
10 Aug 2025 - 11 Aug 2025
0.50%
08 Aug 2025 - 10 Aug 2025
0.50%
07 Aug 2025 - 08 Aug 2025
0.50%
06 Aug 2025 - 07 Aug 2025
0.50%
05 Aug 2025 - 06 Aug 2025
0.50%
04 Aug 2025 - 05 Aug 2025
0.50%
03 Aug 2025 - 04 Aug 2025
0.50%
01 Aug 2025 - 03 Aug 2025
0.50%
31 Jul 2025 - 01 Aug 2025
0.50%
30 Jul 2025 - 31 Jul 2025
0.50%
29 Jul 2025 - 30 Jul 2025
0.50%
28 Jul 2025 - 29 Jul 2025
0.50%
27 Jul 2025 - 28 Jul 2025
0.50%
25 Jul 2025 - 27 Jul 2025
0.50%
24 Jul 2025 - 25 Jul 2025
0.50%
23 Jul 2025 - 24 Jul 2025
0.50%
22 Jul 2025 - 23 Jul 2025
0.50%
21 Jul 2025 - 22 Jul 2025
0.50%
20 Jul 2025 - 21 Jul 2025
0.50%
19 Jul 2025 - 20 Jul 2025
0.50%
18 Jul 2025 - 19 Jul 2025
0.50%
Expense ratio, exit load and taxExpense ratio: 0.61%Inclusive of GST
Exit loadExit load of 0.50%, if redeemed within 3 months.
Stamp duty0.005% (from July 1st, 2020)
Tax implicationIf you redeem within one year, returns are taxed at 20%. If you redeem after one year, returns exceeding Rs 1.25 lakh in a financial year are taxed at 12.5%.
Understand terms
Check past data
Fund managementVishal Jajoo
Jun 2025 - Present
View details
Education
Mr. Jajoo is a Chartered Accountant, PGDM (Finance) and MBA (Investments)
Experience
Prior to joining Mahindra Manulife AMC, he has worked with ITI Mutual Fund and Tata Investment Corporation Ltd
Also manages these schemes
Mahindra Manulife Small Cap Fund Direct Growth
Mahindra Manulife Business Cycle Fund Direct Growth
Mahindra Manulife Value Fund Direct Growth
Mahindra Manulife Banking & Financial Services Fund Direct Growth
Chetan Gindodia
Jun 2025 - Present
View details
Education
Mr. Gindodia has done B.Com, CA and CFA
Experience
Prior to joining Mahindra Manulife Mutual Fund, he has worked with PGIM India MF, Alf Accurate Advisors, Multi-Act India and EY
Also manages these schemes
PGIM India Flexi Cap Fund Direct Growth
PGIM India Aggressive Hybrid Equity Fund Direct Growth
PGIM India Balanced Advantage Fund Direct Growth
PGIM India Small Cap Fund Direct Growth
PGIM India Large and Mid Cap Fund Direct Growth
Mahindra Manulife Banking & Financial Services Fund Direct Growth
Fund house & investment objective
Mahindra Manulife Mutual Fund
Rank (total assets)NA
Total AUM₹31,279.46Cr
Date of Incorporation04 Feb 2016
    Mahindra Manulife Banking & Financial Services Fund Direct Growth is a Equity Mutual Fund Scheme launched by Mahindra Manulife Mutual Fund.     This scheme was made available to investors on 04 Feb 2016.     Vishal Jajoo is the Current Fund Manager of Mahindra Manulife Banking & Financial Services Fund Direct Growth fund.     The fund currently has an Asset Under Management(AUM) of ₹31,279 Cr and     the Latest NAV as of 02 Sep 2025 is ₹9.63.  

    The Mahindra Manulife Banking & Financial Services Fund Direct Growth is rated Very High risk.     Minimum SIP Investment is set to ₹500.     Minimum Lumpsum Investment is ₹1,000.     Exit load of 0.50%, if redeemed within 3 months.
  ;
Investment ObjectiveThe scheme seeks to generate long term capital appreciation by investing predominantly in equity and equity related securities of companies engaged in the banking and financial services activities. 
 
;
Fund benchmarkNIFTY Financial Services Total Return Index
Scheme Information Document(SID)
Fund house contact details
Address
1st Floor -Sadhana House,570 - P.B. Marg, Worli, Mumbai 400018
Phone
022-66327900
Launch Date
04 Feb 2016
E-mail
NA
Website
www.mahindramanulife.com
Mahindra Manulife Mutual Fund
Asset Management Company
Custodian
Deutsche Bank
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
Email
[email protected]
Website
www.camsonline.com
Compare funds
Mahindra Manulife Banking & Financial Services Fund Direct Growth
VS
Add mutual fund to compare

Name	Sector	Instrument	Assets
HDFC Bank Ltd.	Financial	Equity	19.41%
ICICI Bank Ltd.	Financial	Equity	17.46%
Axis Bank Ltd.	Financial	Equity	4.66%
Bajaj Finance Ltd.	Financial	Equity	3.74%
State Bank of India	Financial	Equity	3.70%
Canara Bank	Financial	Equity	2.76%
HDFC Life Insurance Co Ltd.	Insurance	Equity	2.40%
Nippon Life India Asset Management Ltd.	Financial	Equity	1.96%
Shriram Finance Ltd	Financial	Equity	1.94%
SBI Life Insurance Company Ltd.	Insurance	Equity	1.92%
Indian Bank	Financial	Equity	1.88%
Kotak Mahindra Bank Ltd.	Financial	Equity	1.76%
Karur Vysya Bank Ltd.	Financial	Equity	1.46%
PNB Housing Finance Ltd.	Financial	Equity	1.38%
Cholamandalam Investment and Finance Company Ltd.	Financial	Equity	1.32%
Manappuram Finance Ltd.	Financial	Equity	1.12%
RBL Bank Ltd.	Financial	Equity	0.98%
REC Ltd.	Financial	Equity	0.95%
IIFL Finance Ltd.	Financial	Equity	0.86%
IDFC First Bank Ltd.	Financial	Equity	0.48%