Mahindra Manulife Business Cycle Fund Direct Growth

Mahindra Manulife Business Cycle Fund Direct Growth

1M
6M
1Y
All
NAV: 20 Mar '26
₹15.06
Min. for SIP
₹500
Fund size
₹1,302.51 Cr
Expense ratio
0.55%

Return calculator

Monthly investment
₹5,000
Over the pastTotal investmentWould've becomeHistoric returnsReturns
3 months₹15,000₹14,528
-3.15%
6 months₹30,000₹29,009
-3.30%
1 year₹60,000₹59,768
-0.39%

Holdings (63)

NameSectorInstrumentsAssets
Reliance Industries Ltd.EnergyEquity4.21%
Indus Towers Ltd.CommunicationEquity3.97%
State Bank of IndiaFinancialEquity3.69%
Bajaj Auto Ltd.AutomobileEquity3.60%
Infosys Ltd.TechnologyEquity3.32%
Grasim Industries Ltd.ConstructionEquity2.90%
JSW Energy Ltd.Capital GoodsEquity2.64%
Indusind Bank Ltd.FinancialEquity2.64%
The Ramco Cements Ltd.ConstructionEquity2.34%
Tata Steel Ltd.Metals & MiningEquity2.11%
Hindustan Unilever Ltd.Consumer StaplesEquity2.08%
Tech Mahindra Ltd.TechnologyEquity1.95%
ITC Ltd.Consumer StaplesEquity1.93%
NTPC Ltd.EnergyEquity1.83%
Coal India Ltd.EnergyEquity1.82%
Oil And Natural Gas Corporation Ltd.EnergyEquity1.81%
The Federal Bank Ltd.FinancialEquity1.80%
Piramal Finance Ltd.FinancialEquity1.79%
Vodafone Idea Ltd.CommunicationEquity1.77%
Bank Of BarodaFinancialEquity1.73%
Divi's Laboratories Ltd.HealthcareEquity1.70%
Power Finance Corporation Ltd.FinancialEquity1.66%
IDFC First Bank Ltd.FinancialEquity1.64%
Glenmark Pharmaceuticals Ltd.HealthcareEquity1.64%
Kajaria Ceramics Ltd.ConstructionEquity1.58%
Bajaj Finance Ltd.FinancialEquity1.58%
Wipro Ltd.TechnologyEquity1.54%
Ultratech Cement Ltd.ConstructionEquity1.46%
Ceat Ltd.AutomobileEquity1.42%
CESC Ltd.EnergyEquity1.40%
ABB India Ltd.Capital GoodsEquity1.40%
Biocon Ltd.HealthcareEquity1.38%
Aurobindo Pharma Ltd.HealthcareEquity1.36%
Asahi India Glass Ltd.ConstructionEquity1.31%
NMDC Ltd.Metals & MiningEquity1.26%
Bandhan Bank Ltd.FinancialEquity1.26%
Shriram Finance LtdFinancialEquity1.24%
GAIL (India) Ltd.EnergyEquity1.24%
Punjab National BankFinancialEquity1.21%
Glaxosmithkline Pharmaceuticals Ltd.HealthcareEquity1.16%
Dalmia Bharat Ltd.ConstructionEquity1.07%
Whirlpool Of India Ltd.Consumer DiscretionaryEquity1.06%
Hero Motocorp Ltd.AutomobileEquity1.05%
LMW Ltd.Capital GoodsEquity1.04%
Supreme Petrochem Ltd.ChemicalsEquity1.02%
Manappuram Finance Ltd.FinancialEquity0.98%
Tata Consultancy Services Ltd.TechnologyEquity0.97%
Kirloskar Brothers Ltd.Capital GoodsEquity0.97%
Ambuja Cements Ltd.ConstructionEquity0.96%
Union Bank of IndiaFinancialEquity0.93%
Sarda Energy & Minerals Ltd.Metals & MiningEquity0.93%
Sagility Ltd.ServicesEquity0.92%
Ujjivan Small Finance Bank Ltd.FinancialEquity0.89%
Devyani International Ltd.ServicesEquity0.88%
Belrise Industries Ltd.AutomobileEquity0.86%
Gokaldas Exports Ltd.TextilesEquity0.81%
Tega Industries Ltd.Metals & MiningEquity0.77%
Sun Pharmaceutical Industries Ltd.HealthcareEquity0.73%
Anthem Biosciences Ltd.HealthcareEquity0.73%
K.P.R. Mill Ltd.TextilesEquity0.69%
Technocraft Industries (India) Ltd.Metals & MiningEquity0.64%
S.P. Apparels Ltd.TextilesEquity0.63%
Carborundum Universal Ltd.Metals & MiningEquity0.50%
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%-0.7%+14.8%+50.5%
Category average (Equity Thematic)-----0.6%--
Rank (Equity Thematic)112--

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 ₹33,883 Cr and the Latest NAV as of 20 Mar 2026 is ₹15.06. 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)--
Total AUM₹33,882.93 Cr
Date of Incorporation04 Feb 2016
Phone022-66327900
E-mail--
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,