Mahindra Manulife Business Cycle Fund Direct Growth

Mahindra Manulife Business Cycle Fund Direct Growth

1M
6M
1Y
All
NAV: 22 May '26
₹15.97
Min. for SIP
₹500
Fund size (AUM)
₹1,306.40 Cr
Expense ratio
1.28%
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 (70)

NameSectorInstrumentsAssets
Reliance Industries Ltd.EnergyEquity4.59%
Bajaj Auto Ltd.AutomobileEquity3.60%
Indus Towers Ltd.CommunicationEquity3.14%
Infosys Ltd.TechnologyEquity3.01%
Grasim Industries Ltd.ConstructionEquity2.89%
JSW Energy Ltd.Capital GoodsEquity2.77%
Indusind Bank Ltd.FinancialEquity2.52%
CESC Ltd.EnergyEquity2.37%
HDFC Bank Ltd.FinancialEquity2.22%
Tech Mahindra Ltd.TechnologyEquity2.11%
Tata Steel Ltd.Metals & MiningEquity2.09%
The Ramco Cements Ltd.ConstructionEquity1.93%
ICICI Bank Ltd.FinancialEquity1.93%
ITC Ltd.Consumer StaplesEquity1.93%
NTPC Ltd.EnergyEquity1.90%
Divi's Laboratories Ltd.HealthcareEquity1.72%
Vodafone Idea Ltd.CommunicationEquity1.71%
The Federal Bank Ltd.FinancialEquity1.71%
REC Ltd.FinancialEquity1.68%
Coal India Ltd.EnergyEquity1.66%
Maruti Suzuki India Ltd.AutomobileEquity1.63%
Bandhan Bank Ltd.FinancialEquity1.63%
Kajaria Ceramics Ltd.ConstructionEquity1.62%
Shriram Finance LtdFinancialEquity1.61%
Glenmark Pharmaceuticals Ltd.HealthcareEquity1.57%
Aurobindo Pharma Ltd.HealthcareEquity1.54%
Cochin Shipyard Ltd.Capital GoodsEquity1.48%
Bajaj Finance Ltd.FinancialEquity1.48%
IDFC First Bank Ltd.FinancialEquity1.44%
Bank Of BarodaFinancialEquity1.41%
Ceat Ltd.AutomobileEquity1.38%
NMDC Ltd.Metals & MiningEquity1.38%
Ajanta Pharma Ltd.HealthcareEquity1.36%
Ultratech Cement Ltd.ConstructionEquity1.33%
Biocon Ltd.HealthcareEquity1.27%
Asahi India Glass Ltd.ConstructionEquity1.22%
GAIL (India) Ltd.EnergyEquity1.19%
Whirlpool Of India Ltd.Consumer DiscretionaryEquity1.13%
Adani Enterprises Ltd.ServicesEquity1.11%
Supreme Petrochem Ltd.ChemicalsEquity1.07%
Anthem Biosciences Ltd.HealthcareEquity1.07%
Kirloskar Brothers Ltd.Capital GoodsEquity1.06%
Glaxosmithkline Pharmaceuticals Ltd.HealthcareEquity1.05%
Dalmia Bharat Ltd.ConstructionEquity1.02%
LMW Ltd.Capital GoodsEquity1.02%
Manappuram Finance Ltd.FinancialEquity1.01%
Sarda Energy & Minerals Ltd.Metals & MiningEquity1.00%
Sagility Ltd.ServicesEquity0.97%
Sun TV Network Ltd.ServicesEquity0.93%
Tata Consultancy Services Ltd.TechnologyEquity0.91%
Gokaldas Exports Ltd.TextilesEquity0.88%
Ujjivan Small Finance Bank Ltd.FinancialEquity0.87%
Ambuja Cements Ltd.ConstructionEquity0.85%
NOCIL Ltd.ChemicalsEquity0.81%
Elecon Engineering Company Ltd.Capital GoodsEquity0.73%
K.P.R. Mill Ltd.TextilesEquity0.72%
S.P. Apparels Ltd.TextilesEquity0.71%
Tega Industries Ltd.Metals & MiningEquity0.70%
HCL Technologies Ltd.TechnologyEquity0.69%
Technocraft Industries (India) Ltd.Metals & MiningEquity0.68%
Garden Reach Shipbuilders & Engineers Ltd.Capital GoodsEquity0.67%
Carborundum Universal Ltd.Metals & MiningEquity0.67%
Mazagon Dock Shipbuilders Ltd.Capital GoodsEquity0.63%
Bosch Ltd.AutomobileEquity0.55%
Vedanta Ltd.Metals & MiningEquity0.48%
ABB India Ltd.Capital GoodsEquity0.40%
Vedanta Power Ltd.Capital GoodsEquity0.21%
Vedanta Oil and Gas Ltd.EnergyEquity0.21%
Vedanta Aluminium Metal Ltd.Metals & MiningEquity0.21%
Vedanta Iron And Steel Ltd.Metals & MiningEquity0.21%
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-1.3%+0.1%+6.9%+58.7%
Category average (Equity Thematic)-----0.6%--
Rank (Equity Thematic)932--

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 22 May 2026 is ₹15.97. 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,