Mahindra Manulife Equity Savings Fund Direct Growth

Mahindra Manulife Equity Savings Fund Direct Growth

+9.21%
3Y annualised
-0.30% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 11 Sep '26
₹25.67
Min. for SIP
₹500
Fund size (AUM)
₹530.31 Cr
Expense ratio
1.24%
Rating
3

Return calculator

Monthly investment
₹5,000
Over the pastTotal investmentWould've becomeHistoric returnsReturns
6 months₹30,000₹30,616
+2.05%
1 year₹60,000₹61,772
+2.95%
3 years₹1,80,000₹2,00,712
+11.51%
5 years₹3,00,000₹3,75,952
+25.32%

Holdings (106)

NameSectorInstrumentsAssets
Net ReceivablesUnspecifiedNet Receivables31.48%
ICICI Bank LtdFinancialEquity6.59%
Bajaj Finance LtdFinancialEquity5.17%
HDFC Bank LtdFinancialEquity4.24%
Ambuja Cements LtdMaterialsEquity3.92%
Reliance Industries LtdEnergy & UtilitiesEquity3.85%
BHARTI TELECOM LIMITED SR XXVIII 7.40 NCD 01FB29 FVRS1LACTechnologyDebenture3.70%
Sun Pharmaceutical Industries LtdHealthcareEquity3.65%
GOVERNMENT OF INDIA 37450 364 DAYS TBILL 20MY27 FV RS 100FinancialTreasury Bills2.72%
RepoUnspecifiedRepo2.67%
Mahindra & Mahindra LtdConsumer DiscretionaryEquity2.50%
Larsen & Toubro LtdIndustrialsEquity2.03%
RURAL ELECTRIFICATION CORPORATION LIMITED SERIES 169 8.37 BD 07DC28 FVRS10LACFinancialDebenture1.92%
GOVERNMENT OF INDIA 37426 GOI 11MY36 6.94 FV RS 100EntitiesGOI Securities1.88%
CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED SR 665 RR NCD 27FB29 FVRS1LACFinancialDebenture1.88%
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 25C 7.44 BD 24FB28 FVRS1LACFinancialBonds1.88%
Canara BankFinancialEquity1.81%
Jindal Steel & Power LtdMaterialsEquity1.67%
Brookfield India Real Estate Trust REITReal EstateReal Estate Investment Trusts1.62%
Kotak Mahindra Bank LtdFinancialEquity1.53%
Bharti Airtel LtdTechnologyEquity1.44%
Divi's Laboratories LtdHealthcareEquity1.35%
MUTHOOT FINANCE LIMITED RR NCD 26JL29 FVRS1LACFinancialDebenture1.31%
Embassy Office Parks REITReal EstateReal Estate Investment Trusts1.13%
State Bank of IndiaFinancialEquity1.09%
Mahindra Liquid Fund Direct -GrowthUnspecifiedMutual Fund1.01%
Shriram Pistons & Rings LtdConsumer DiscretionaryEquity0.97%
TVS CREDIT SERVICES LIMITED 9.30 NCD 27JU29 FVRS1CRFinancialNon Convertible Debenture0.96%
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR-3 8.2 BD 16MR28 FVRS10LACFinancialDebenture0.95%
BHARTI TELECOM LIMITED SR XX 8.75 NCD 05NV28 FVRS1LACTechnologyDebenture0.95%
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA SR VII 7.75 BD 10JU27 FVRS1LACFinancialDebenture0.94%
POWER FINANCE CORPORATION LIMITED SR 248B 7.45 NCD 15JL28 FVRS1LACFinancialBonds0.94%
GOVERNMENT OF INDIA 36645 364 DAYS TBILL 23OT26 FV RS 100FinancialTreasury Bills0.94%
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA SR III 7.34 BD 26FB29 FVRS1LACFinancialBonds0.93%
Aditya Vision LtdConsumer DiscretionaryEquity0.89%
Axis Bank LtdFinancialEquity0.87%
Titan Company LtdConsumer DiscretionaryEquity0.83%
Nexus Select TrustIndustrialsReal Estate Investment Trusts0.82%
LG Balakrishnan & Brothers LtdIndustrialsEquity0.76%
Persistent Systems LtdTechnologyEquity0.74%
PTC Industries LtdMaterialsEquity0.74%
INOX INDIA LIMITED EQEnergy & UtilitiesEquity0.71%
Tech Mahindra LtdTechnologyEquity0.70%
Raajmarg Infra Investment TrustIndustrialsInfrastructure Investment Trust0.67%
GODREJ INDUSTRIES LIMITED SR 1 8.42 NCD 27DC27 FVRS1LACDiversifiedDebenture0.66%
NTPC LtdEnergy & UtilitiesEquity0.65%
Coromandel International LtdMaterialsEquity0.64%
Zomato LtdTechnologyEquity0.60%
Infosys LtdTechnologyEquity0.57%
PIRAMAL FINANCE LIMITED 9.12 NCD 06AG27 FVRS1LACFinancialDebenture0.57%
Shriram Transport Finance Company LtdFinancialEquity0.57%
Gland Pharma LtdHealthcareEquity0.56%
Technocraft Industries India LtdIndustrialsEquity0.54%
Anthem Biosciences Ltd.HealthcareEquity0.53%
Grasim Industries LtdMaterialsEquity0.52%
Tata Steel LtdMaterialsEquity0.51%
Nippon Life India Asset Management LtdFinancialEquity0.49%
7.71% GOI 18-May-2066EntitiesGOI Securities0.48%
STATE DEVELOPMENT LOAN 33897 MH 31JN36 7.63 FV RS 100UnspecifiedState Development Loan0.47%
KPR Mills LtdConsumer DiscretionaryEquity0.46%
GOVERNMENT OF INDIA 36185 GOI 07JL40 6.68 FV RS 100EntitiesGOI Securities0.46%
Hindustan Aeronautics LtdIndustrialsEquity0.45%
SP Apparels LtdConsumer DiscretionaryEquity0.45%
L&T Finance Holdings LtdFinancialEquity0.45%
Hindalco Industries LtdMaterialsEquity0.44%
TVS Motor Company LtdConsumer DiscretionaryEquity0.42%
Tata Motors LtdIndustrialsEquity0.40%
Union Bank of IndiaFinancialEquity0.39%
Oil India LtdEnergy & UtilitiesEquity0.38%
Kirloskar Brothers LtdIndustrialsEquity0.38%
Hyundai Motor India Ltd.Consumer DiscretionaryEquity0.37%
CANARA BANK CD 11NOV26FinancialCertificate of Deposit0.37%
JK Cement LtdMaterialsEquity0.37%
Bank Of BarodaFinancialEquity0.37%
Ingersoll Rand India LtdIndustrialsEquity0.37%
Power Grid Corporation of India LtdEnergy & UtilitiesEquity0.36%
National Aluminium Company LtdMaterialsEquity0.36%
Bharat Electronics LtdIndustrialsEquity0.36%
Kajaria Ceramics LtdIndustrialsEquity0.35%
Oil & Natural Gas Corporation LtdEnergy & UtilitiesEquity0.34%
SBI Life Insurance Company LtdFinancialEquity0.34%
ISGEC Heavy Engineering LtdIndustrialsEquity0.34%
Tata Consumer Products LtdConsumer StaplesEquity0.33%
Hindustan Unilever LtdConsumer StaplesEquity0.33%
Tata Power Company LtdEnergy & UtilitiesEquity0.33%
Shree Cement LtdMaterialsEquity0.33%
Godfrey Phillips India LtdConsumer StaplesEquity0.31%
Archean Chemical Industries LtdMaterialsEquity0.30%
GAIL (India) LtdEnergy & UtilitiesEquity0.29%
Hindustan Petroleum Corporation LtdEnergy & UtilitiesEquity0.08%
Cash MarginUnspecifiedCash Margin0.07%
Hindalco Industries Limited September 2026 FutureMaterialsFutures-0.05%
Hindustan Petroleum Corporation Limited September 2026 FutureEnergy & UtilitiesFutures-0.08%
Bank of Baroda September 2026 FutureFinancialFutures-0.37%
Kotak Mahindra Bank Limited September 2026 FutureFinancialFutures-0.77%
Titan Company Limited September 2026 FutureConsumer DiscretionaryFutures-0.83%
Larsen & Toubro Limited September 2026 FutureIndustrialsFutures-1.47%
Jindal Steel Limited September 2026 FutureMaterialsFutures-1.64%
Canara Bank September 2026 FutureFinancialFutures-1.81%
HDFC Bank Limited September 2026 FutureFinancialFutures-1.94%
Mahindra & Mahindra Limited September 2026 FutureConsumer DiscretionaryFutures-2.13%
Reliance Industries Limited September 2026 FutureEnergy & UtilitiesFutures-2.45%
Sun Pharmaceutical Industries Limited September 2026 FutureHealthcareFutures-2.80%
Ambuja Cements Limited September 2026 FutureMaterialsFutures-3.96%
ICICI Bank Limited September 2026 FutureFinancialFutures-4.13%
Bajaj Finance Limited September 2026 FutureFinancialFutures-4.59%
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
Name1Y3Y5YAll
Fund returns+6.6%+9.2%+8.9%+10.3%
Category average (Hybrid Equity Savings)+5.9%+9.9%+9.1%--
Rank (Hybrid Equity Savings)576--

Exit load, stamp duty and tax

Exit load

Exit load for units in excess of 10% of the investment,1% will be charged for redemption within 15 days.

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
Kush Sonigara
Jan 2026 - Present
View details

Education
Mr. Sonigara is a B.Com (FM), FRM
Experience
Prior to joining Mahindra Manulife Mutual Fund, he has worked with Taurus Asset Management Co. Ltd., My Capital Solutions Pvt. Ltd. and TBNG Financial Consultants.

RSR
Renjith Sivaram Radhakrishnan
Jul 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 Equity Savings Fund Direct Growth

Mahindra Manulife Equity Savings Fund Direct Growth is a Hybrid Mutual Fund Scheme launched by Mahindra Mutual Fund. This scheme was made available to investors on 04 Feb 2016. Kush Sonigara is the Current Fund Manager of Mahindra Manulife Equity Savings Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹4,742 Cr and the Latest NAV as of 11 Sep 2026 is ₹25.67. The Mahindra Manulife Equity Savings Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is set to ₹500. Minimum Lumpsum Investment is ₹1,000. Exit load for units in excess of 10% of the investment,1% will be charged for redemption within 15 days. ;

Investment Objective

The Scheme seeks to generate long term capital appreciation and also income through investments in equity and equity related instruments, arbitrage opportunities and investments in debt and money market instruments.
Fund benchmarkNIFTY Equity Savings Total Return Index

Fund house

Rank (total assets)#28 in India
Total AUM₹4,742.00 Cr
Date of Incorporation04 Feb 2016
Phone022-66327900
Launch Date04 Feb 2016
Address1st Floor, Sadhana House, Behind Mahindra Tower, 570 P. B. Marg, Worli, Mumbai 400018
CustodianDeutsche Bank
Registrar & Transfer AgentCams
Address7th Floor, Tower II, Rayala Towers, 158, Anna Salai,