Mahindra Manulife Business Cycle Fund Direct Growth

Mahindra Manulife Business Cycle Fund Direct Growth

1M
6M
1Y
All
NAV: 11 Jun '26
₹15.72
Min. for SIP
₹500
Fund size (AUM)
₹1,304.79 Cr
Expense ratio
0.97%
Rating
--

Return calculator

Monthly investment
₹5,000
Over the pastTotal investmentWould've becomeHistoric returnsReturns
3 months₹15,000₹15,216
+1.44%
6 months₹30,000₹30,273
+0.91%
1 year₹60,000₹61,778
+2.96%

Holdings (73)

NameSectorInstrumentsAssets
Reliance Industries LtdEnergy & UtilitiesEquity4.59%
Bajaj Auto LtdConsumer DiscretionaryEquity3.60%
Indus Towers LtdTechnologyEquity3.14%
Infosys LtdTechnologyEquity3.01%
Grasim Industries LtdMaterialsEquity2.89%
JSW Energy LtdEnergy & UtilitiesEquity2.77%
Indusind Bank LtdFinancialEquity2.52%
CESC LtdEnergy & UtilitiesEquity2.37%
HDFC Bank LtdFinancialEquity2.22%
Tech Mahindra LtdTechnologyEquity2.11%
Tata Steel LtdMaterialsEquity2.09%
The Ramco Cements LtdMaterialsEquity1.93%
ITC LtdConsumer StaplesEquity1.93%
ICICI Bank LtdFinancialEquity1.93%
NTPC LtdEnergy & UtilitiesEquity1.90%
RepoUnspecifiedRepo1.86%
Divi's Laboratories LtdHealthcareEquity1.72%
Vodafone Idea LtdTechnologyEquity1.71%
The Federal Bank LtdFinancialEquity1.71%
REC LtdFinancialEquity1.68%
Coal India LtdMaterialsEquity1.66%
Maruti Suzuki India LtdConsumer DiscretionaryEquity1.63%
Bandhan Bank LtdFinancialEquity1.63%
Kajaria Ceramics LtdIndustrialsEquity1.62%
Shriram Transport Finance Company LtdFinancialEquity1.61%
Glenmark Pharmaceuticals LtdHealthcareEquity1.57%
Aurobindo Pharma LtdHealthcareEquity1.54%
Cochin Shipyard LtdIndustrialsEquity1.48%
Bajaj Finance LtdFinancialEquity1.48%
IDFC First Bank LtdFinancialEquity1.44%
Bank Of BarodaFinancialEquity1.41%
Ceat LtdConsumer DiscretionaryEquity1.38%
NMDC LtdMaterialsEquity1.38%
Ajanta Pharma LtdHealthcareEquity1.36%
Ultratech Cement LtdMaterialsEquity1.33%
Biocon LtdHealthcareEquity1.27%
Asahi India Glass LtdConsumer DiscretionaryEquity1.22%
GAIL (India) LtdEnergy & UtilitiesEquity1.19%
Whirlpool Of India LtdConsumer DiscretionaryEquity1.13%
Adani Enterprises LtdMaterialsEquity1.11%
Anthem Biosciences Ltd.HealthcareEquity1.07%
Supreme Petrochem LtdMaterialsEquity1.07%
Kirloskar Brothers LtdIndustrialsEquity1.06%
Glaxosmithkline Pharmaceuticals LtdHealthcareEquity1.05%
Lakshmi Machine Works LtdIndustrialsEquity1.02%
Dalmia Bharat LtdMaterialsEquity1.02%
Manappuram Finance LtdFinancialEquity1.01%
Sarda Energy & Minerals LtdMaterialsEquity1.00%
Sagility India Ltd.IndustrialsEquity0.97%
Sun TV Network LtdConsumer DiscretionaryEquity0.93%
Tata Consultancy Services LtdTechnologyEquity0.91%
Gokaldas Exports LtdConsumer DiscretionaryEquity0.88%
Net ReceivablesUnspecifiedNet Receivables0.87%
Ujjivan Small Finance Bank LtdFinancialEquity0.87%
Ambuja Cements LtdMaterialsEquity0.85%
NOCIL LtdMaterialsEquity0.81%
Elecon Engineering Company LtdIndustrialsEquity0.73%
KPR Mills LtdConsumer DiscretionaryEquity0.72%
SP Apparels LtdConsumer DiscretionaryEquity0.71%
Tega Industries LtdIndustrialsEquity0.70%
HCL Technologies LtdTechnologyEquity0.69%
Technocraft Industries India LtdIndustrialsEquity0.68%
Carborundum Universal LtdMaterialsEquity0.67%
Garden Reach Shipbuilders & Engineers LtdIndustrialsEquity0.67%
Mazagon Dock Shipbuilders LtdIndustrialsEquity0.63%
Bosch LtdConsumer DiscretionaryEquity0.55%
Vedanta LtdMaterialsEquity0.48%
ABB India LtdIndustrialsEquity0.40%
VEDANTA ALUMINIUM LIMITED EQ NEW F.V. RS.2/-Energy & UtilitiesEquity0.21%
Vedanta Aluminium Metal Ltd.MaterialsEquity0.21%
Vedanta Iron And Steel Ltd.MaterialsEquity0.21%
Vedanta Power Ltd.IndustrialsEquity0.21%
Others CBLOUnspecifiedCBLO0.02%
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+2.4%+1.1%+8.3%+60.6%
Category average (Equity Thematic)-----0.6%--
Rank (Equity Thematic)1132--

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 ₹34,518 Cr and the Latest NAV as of 11 Jun 2026 is ₹15.72. 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₹34,518.45 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,