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Blog

Mahindra Manulife Banking & Financial Services Fund Direct IDCW

Equity
Sectoral
Very High Risk
1M
All
NAV: 29 Oct 2025
₹10.53
Rating
NA
Min. SIP amount
₹500
Fund size
₹319.57Cr

Return calculator

Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of ₹0
Would have become ₹ (%)

Holdings (28)

NameSectorInstrumentAssets
HDFC Bank Ltd.
FinancialEquity16.30%
ICICI Bank Ltd.
FinancialEquity15.11%
Axis Bank Ltd.
FinancialEquity7.86%
Kotak Mahindra Bank Ltd.
FinancialEquity6.85%
Bajaj Finance Ltd.
FinancialEquity6.44%
State Bank of India
FinancialEquity6.12%
Canara Bank
FinancialEquity2.85%
KFin Technologies Ltd.
FinancialEquity2.68%
HDFC Life Insurance Co Ltd.
InsuranceEquity2.62%
SBI Life Insurance Company Ltd.
InsuranceEquity2.55%
Multi Commodity Exchange Of India Ltd.
ServicesEquity2.42%
Indian Bank
FinancialEquity2.32%
RBL Bank Ltd.
FinancialEquity2.30%
Karur Vysya Bank Ltd.
FinancialEquity2.14%
Nippon Life India Asset Management Ltd.
FinancialEquity1.87%
Shriram Finance Ltd
FinancialEquity1.70%
Motilal Oswal Financial Services Ltd.
FinancialEquity1.48%
IDFC First Bank Ltd.
FinancialEquity1.36%
Cholamandalam Investment and Finance Company Ltd.
FinancialEquity1.32%
ICICI Lombard General Insurance Company Ltd.
InsuranceEquity1.23%
Manappuram Finance Ltd.
FinancialEquity1.12%
PNB Housing Finance Ltd.
FinancialEquity1.08%
Prudent Corporate Advisory Services Ltd.
FinancialEquity1.02%
Aadhar Housing Finance Ltd
FinancialEquity0.96%
Max Financial Services Ltd.
FinancialEquity0.88%
REC Ltd.
FinancialEquity0.81%
IIFL Finance Ltd.
FinancialEquity0.73%
CreditAccess Grameen Ltd.
FinancialEquity0.49%
See All

Minimum investment amounts

Min. for 1st investment₹1,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹500

Returns and rankings

Category: Equity Sectoral
Absolute returns
3M3M6MAll
Fund returns4.6%4.6%NA4.8%
Category averageNANANANA
Rank with in category99NANA
Understand terms

Expense ratio, exit load and tax

Expense ratio: 0.55%

Inclusive of GST

Exit load

Exit load of 0.50%, if redeemed within 3 months.

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

If 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 management

Vishal 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

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 IDCW
VS
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Vaishnavi Tech Park, South Tower, 3rd FloorSarjapur Main Road, Bellandur, Bengaluru – 560103Karnataka
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