Mahindra Manulife Business Cycle Fund Direct Growth

Mahindra Manulife Business Cycle Fund Direct Growth

Equity
Thematic
Very High Risk
1M
6M
1Y
All
NAV: 16 Jan '26
₹16.00
Min. SIP amount
₹500
Fund size
₹1,305.64 Cr
Expense ratio
0.49%

Return calculator

Monthly SIP
One time
Monthly investment
₹5,000
Over the pastTotal investmentWould've becomeHistoric returnsReturns
1 year₹60,000₹64,782
+7.97%

Holdings (61)

NameSectorInstrumentsAssets
Reliance Industries Ltd.EnergyEquity4.74%
State Bank of IndiaFinancialEquity4.33%
Infosys Ltd.TechnologyEquity4.12%
Bajaj Auto Ltd.AutomobileEquity3.36%
Indus Towers Ltd.CommunicationEquity3.23%
ITC Ltd.Consumer StaplesEquity2.47%
Grasim Industries Ltd.ConstructionEquity2.38%
Bajaj Finance Ltd.FinancialEquity2.32%
Tech Mahindra Ltd.TechnologyEquity2.28%
Axis Bank Ltd.FinancialEquity2.19%
Divi's Laboratories Ltd.HealthcareEquity2.18%
The Ramco Cements Ltd.ConstructionEquity2.18%
Piramal Finance Ltd.FinancialEquity2.09%
Hindustan Unilever Ltd.Consumer StaplesEquity2.06%
Wipro Ltd.TechnologyEquity2.02%
Indusind Bank Ltd.FinancialEquity2.00%
JSW Energy Ltd.Capital GoodsEquity1.85%
Asahi India Glass Ltd.ConstructionEquity1.79%
Tata Steel Ltd.Metals & MiningEquity1.78%
Tata Consultancy Services Ltd.TechnologyEquity1.75%
Sun Pharmaceutical Industries Ltd.HealthcareEquity1.69%
Coal India Ltd.EnergyEquity1.68%
IDFC First Bank Ltd.FinancialEquity1.64%
The Federal Bank Ltd.FinancialEquity1.60%
Bank Of BarodaFinancialEquity1.59%
NTPC Ltd.EnergyEquity1.57%
Devyani International Ltd.ServicesEquity1.53%
Ceat Ltd.AutomobileEquity1.53%
CESC Ltd.EnergyEquity1.48%
Power Finance Corporation Ltd.FinancialEquity1.42%
Biocon Ltd.HealthcareEquity1.40%
Ultratech Cement Ltd.ConstructionEquity1.35%
Kajaria Ceramics Ltd.ConstructionEquity1.33%
Aurobindo Pharma Ltd.HealthcareEquity1.31%
Punjab National BankFinancialEquity1.28%
GAIL (India) Ltd.EnergyEquity1.26%
Hindalco Industries Ltd.Metals & MiningEquity1.19%
ABB India Ltd.Capital GoodsEquity1.19%
APL Apollo Tubes Ltd.Metals & MiningEquity1.17%
Belrise Industries Ltd.AutomobileEquity1.17%
Maruti Suzuki India Ltd.AutomobileEquity1.15%
Shriram Finance LtdFinancialEquity1.14%
Glaxosmithkline Pharmaceuticals Ltd.HealthcareEquity1.12%
Union Bank of IndiaFinancialEquity1.09%
Hero Motocorp Ltd.AutomobileEquity1.06%
LMW Ltd.Capital GoodsEquity1.05%
Whirlpool Of India Ltd.Consumer DiscretionaryEquity1.03%
Indian Oil Corporation Ltd.EnergyEquity1.02%
Glenmark Pharmaceuticals Ltd.HealthcareEquity1.01%
Sagility Ltd.ServicesEquity1.00%
Kirloskar Brothers Ltd.Capital GoodsEquity0.99%
Gokaldas Exports Ltd.TextilesEquity0.93%
AWL Agri Business Ltd.Consumer StaplesEquity0.92%
Dabur India Ltd.Consumer StaplesEquity0.89%
Ambuja Cements Ltd.ConstructionEquity0.85%
Tega Industries Ltd.Metals & MiningEquity0.82%
S.P. Apparels Ltd.TextilesEquity0.77%
Supreme Petrochem Ltd.ChemicalsEquity0.77%
Anthem Biosciences Ltd.HealthcareEquity0.68%
Technocraft Industries (India) Ltd.Metals & MiningEquity0.63%
Kwality Walls India Ltd.Consumer StaplesEquity0.04%
See All

Minimum investments

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

Returns and rankings

Annualised returns
Absolute returns
Name3M6M1YAll
Fund returns+4.9%+4.2%+13.0%+59.2%
Category average (Equity Thematic)-----0.6%--
Rank (Equity Thematic)121--

Exit load, stamp duty and tax

Exit load

Exit load of 1%, if redeemed within 3 months

Stamp duty on investment: 0.005% (from July 1st, 2020)

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%.
Check past data

Fund management

KS
Krishna Sanghavi
Aug 2023 - Present
View details

Education
Mr. Sanghvi is a B.Com (H), CWA from ICWAI, Master of Management Studies (Finance) from NMIMS, Mumbai and CFA from ICFAI.
Experience
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..

VJ
Vishal Jajoo
May 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

RSR
Renjith Sivaram Radhakrishnan
Aug 2023 - Present
View details

Education
Mr. Sivaram is an MBA in Finance and holds a Bachelor’s degree in Mechanical engineering
Experience
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

About Mahindra Manulife Business Cycle Fund Direct Growth

Mahindra Manulife Business Cycle 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. Krishna Sanghavi is the Current Fund Manager of Mahindra Manulife Business Cycle Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹33,608 Cr and the Latest NAV as of 16 Jan 2026 is ₹16.00. The Mahindra Manulife Business Cycle Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹500. Minimum Lumpsum Investment is ₹1,000. Exit load of 1%, if redeemed within 3 months ;

Investment Objective

The Scheme seek to generate long term capital appreciation by investing predominantly in equity and equity related securities with a focus on identifying and investing in business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy.;
Fund benchmarkNIFTY 500 Total Return Index

Fund house

Rank (total assets)NA
Total AUM₹33,607.84 Cr
Date of Incorporation04 Feb 2016
Phone022-66327900
E-mailNA
Launch Date04 Feb 2016
Address1st Floor -Sadhana House,570 - P.B. Marg, Worli, Mumbai 400018
CustodianDeutsche Bank
Registrar & Transfer AgentCams
Address7th Floor, Tower II, Rayala Towers, 158, Anna Salai,