Mahindra Manulife Business Cycle Fund Direct Growth

Mahindra Manulife Business Cycle Fund Direct Growth

+17.39%
3Y annualised
+0.84% 1D
1M
6M
1Y
3Y
All
NAV: 18 Sep '26
₹16.27
Min. for SIP
₹500
Fund size (AUM)
₹1,364.42 Cr
Expense ratio
0.91%
Rating
--

Return calculator

Monthly investment
₹5,000
Over the pastTotal investmentWould've becomeHistoric returnsReturns
3 months₹15,000₹14,975
-0.17%
6 months₹30,000₹30,793
+2.64%
1 year₹60,000₹62,410
+4.02%
3 years₹1,80,000₹2,09,055
+16.14%

Holdings (70)

NameSectorInstrumentsAssets
Reliance Industries LtdEnergy & UtilitiesEquity3.92%
Grasim Industries LtdMaterialsEquity3.34%
ICICI Bank LtdFinancialEquity3.20%
JSW Energy LtdEnergy & UtilitiesEquity3.03%
Axis Bank LtdFinancialEquity2.72%
Indusind Bank LtdFinancialEquity2.68%
Bajaj Auto LtdConsumer DiscretionaryEquity2.38%
Adani Enterprises LtdMaterialsEquity2.31%
Indus Towers LtdTechnologyEquity2.28%
Tech Mahindra LtdTechnologyEquity2.23%
Infosys LtdTechnologyEquity2.18%
Divi's Laboratories LtdHealthcareEquity2.08%
Vodafone Idea LtdTechnologyEquity2.02%
IDFC First Bank LtdFinancialEquity2.02%
Bandhan Bank LtdFinancialEquity1.88%
Adani Transmission LtdEnergy & UtilitiesEquity1.83%
Ajanta Pharma LtdHealthcareEquity1.76%
The Ramco Cements LtdMaterialsEquity1.74%
Anthem Biosciences Ltd.HealthcareEquity1.70%
RepoUnspecifiedRepo1.67%
Bajaj Finance LtdFinancialEquity1.60%
Maruti Suzuki India LtdConsumer DiscretionaryEquity1.59%
Glenmark Pharmaceuticals LtdHealthcareEquity1.58%
Net ReceivablesUnspecifiedNet Receivables1.57%
Kajaria Ceramics LtdIndustrialsEquity1.53%
Cochin Shipyard LtdIndustrialsEquity1.51%
NTPC LtdEnergy & UtilitiesEquity1.50%
Ambuja Cements LtdMaterialsEquity1.47%
REC LtdFinancialEquity1.47%
Shriram Transport Finance Company LtdFinancialEquity1.46%
Vedanta Aluminium Metal LtdMaterialsEquity1.44%
Biocon LtdHealthcareEquity1.40%
Zydus Lifesciences LtdHealthcareEquity1.39%
Asahi India Glass LtdConsumer DiscretionaryEquity1.33%
Coal India LtdMaterialsEquity1.32%
CESC LtdEnergy & UtilitiesEquity1.31%
Carborundum Universal LtdMaterialsEquity1.30%
Steel Authority Of India LtdMaterialsEquity1.29%
Lakshmi Machine Works LtdIndustrialsEquity1.28%
Ceat LtdConsumer DiscretionaryEquity1.28%
JSW Steel LtdMaterialsEquity1.25%
Deepak Fertilisers & Petrochemicals Corporation LtdMaterialsEquity1.15%
Manappuram Finance LtdFinancialEquity1.12%
Hindalco Industries LtdMaterialsEquity1.12%
Kirloskar Brothers LtdIndustrialsEquity1.12%
The Federal Bank LtdFinancialEquity1.10%
Sagility India Ltd.IndustrialsEquity1.04%
Mphasis LtdTechnologyEquity1.01%
Ujjivan Small Finance Bank LtdFinancialEquity1.01%
Punjab National BankFinancialEquity1.00%
Supreme Petrochem LtdMaterialsEquity0.99%
NMDC LtdMaterialsEquity0.97%
Dalmia Bharat LtdMaterialsEquity0.95%
Gokaldas Exports LtdConsumer DiscretionaryEquity0.94%
Mazagon Dock Shipbuilders LtdIndustrialsEquity0.91%
SP Apparels LtdConsumer DiscretionaryEquity0.89%
KPR Mills LtdConsumer DiscretionaryEquity0.86%
Sarda Energy & Minerals LtdMaterialsEquity0.80%
Tata Consumer Products LtdConsumer StaplesEquity0.76%
NOCIL LtdMaterialsEquity0.74%
Bank Of BarodaFinancialEquity0.70%
Elecon Engineering Company LtdIndustrialsEquity0.66%
Tega Industries LtdIndustrialsEquity0.64%
GAIL (India) LtdEnergy & UtilitiesEquity0.59%
Foseco India LtdMaterialsEquity0.57%
Garden Reach Shipbuilders & Engineers LtdIndustrialsEquity0.56%
Aurobindo Pharma LtdHealthcareEquity0.45%
Triveni Engineering & Industries LtdConsumer StaplesEquity0.33%
Garware Hi-Tech Films LtdMaterialsEquity0.21%
Cash MarginUnspecifiedCash Margin0.02%
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
Name6M1Y3YAll
Fund returns+6.0%+5.8%+17.4%+17.5%
Category average (Equity Thematic)-1.0%-0.6%+16.8%--
Rank (Equity Thematic)--21--

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 ₹39,072 Cr and the Latest NAV as of 18 Sep 2026 is ₹16.27. 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₹39,071.62 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,