Mahindra Manulife Equity Savings Fund Direct Growth

Mahindra Manulife Equity Savings Fund Direct Growth

+8.85%
3Y annualised
-0.66% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 08 Oct '26
₹25.29
Min. for SIP
₹500
Fund size (AUM)
₹519.22 Cr
Expense ratio
1.28%
Rating
3

Return calculator

Monthly investment
₹5,000
Over the pastTotal investmentWould've becomeHistoric returnsReturns
6 months₹30,000₹29,937
-0.21%
1 year₹60,000₹60,592
+0.99%
3 years₹1,80,000₹1,96,047
+8.91%
5 years₹3,00,000₹3,67,474
+22.49%

Holdings (106)

NameSectorInstrumentsAssets
Net ReceivablesUnspecifiedNet Receivables32.83%
HDFC Bank LtdFinancialEquity6.04%
ICICI Bank LtdFinancialEquity5.87%
Reliance Industries LtdEnergy & UtilitiesEquity5.40%
Bajaj Finance LtdFinancialEquity4.79%
BHARTI TELECOM LIMITED SR XXVIII 7.40 NCD 01FB29 FVRS1LACTechnologyDebenture3.77%
Ambuja Cements LtdMaterialsEquity3.73%
Sun Pharmaceutical Industries LtdHealthcareEquity3.30%
GOVERNMENT OF INDIA 37450 364 DAYS TBILL 20MY27 FV RS 100FinancialTreasury Bills2.78%
RepoUnspecifiedRepo2.48%
BAJAJ HOUSING FINANCE LIMITED 7.79 NCD 20AG31 FVRS1LACFinancialDebenture2.36%
Mahindra & Mahindra LtdConsumer DiscretionaryEquity2.30%
RURAL ELECTRIFICATION CORPORATION LIMITED SERIES 169 8.37 BD 07DC28 FVRS10LACFinancialDebenture1.96%
CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED SR 665 RR NCD 27FB29 FVRS1LACFinancialDebenture1.93%
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 25C 7.44 BD 24FB28 FVRS1LACFinancialBonds1.92%
GOVERNMENT OF INDIA 37426 GOI 11MY36 6.94 FV RS 100EntitiesGOI Securities1.89%
BAJAJ FINANCE LIMITED 7.70 NCD 20SP29 FVRS1LACFinancialNon Convertible Debenture1.89%
Larsen & Toubro LtdIndustrialsEquity1.74%
Canara BankFinancialEquity1.74%
Jindal Steel & Power LtdMaterialsEquity1.63%
Brookfield India Real Estate Trust REITReal EstateReal Estate Investment Trusts1.63%
Kotak Mahindra Bank LtdFinancialEquity1.56%
MUTHOOT FINANCE LIMITED RR NCD 26JL29 FVRS1LACFinancialDebenture1.35%
Bharti Airtel LtdTechnologyEquity1.25%
Divi's Laboratories LtdHealthcareEquity1.22%
Embassy Office Parks REITReal EstateReal Estate Investment Trusts1.14%
Mahindra Liquid Fund Direct -GrowthUnspecifiedMutual Fund1.04%
TVS CREDIT SERVICES LIMITED 9.30 NCD 27JU29 FVRS1CRFinancialNon Convertible Debenture0.98%
State Bank of IndiaFinancialEquity0.97%
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR-3 8.2 BD 16MR28 FVRS10LACFinancialDebenture0.97%
BHARTI TELECOM LIMITED SR XX 8.75 NCD 05NV28 FVRS1LACTechnologyDebenture0.97%
7.71% GOI 18-May-2066EntitiesGOI Securities0.96%
GOVERNMENT OF INDIA 36645 364 DAYS TBILL 23OT26 FV RS 100FinancialTreasury Bills0.96%
POWER FINANCE CORPORATION LIMITED SR 248B 7.45 NCD 15JL28 FVRS1LACFinancialBonds0.96%
CENTURY TEXTILES AND INDUSTRIES LIMITED 8.55 NCD 30AG29 FVRS1LACMaterialsNon Convertible Debenture0.96%
Nexus Select TrustIndustrialsReal Estate Investment Trusts0.84%
Shriram Pistons & Rings LtdConsumer DiscretionaryEquity0.81%
Titan Company LtdConsumer DiscretionaryEquity0.76%
Aditya Vision LtdConsumer DiscretionaryEquity0.74%
Axis Bank LtdFinancialEquity0.73%
Raajmarg Infra Investment TrustIndustrialsInfrastructure Investment Trust0.68%
GODREJ INDUSTRIES LIMITED SR 1 8.42 NCD 27DC27 FVRS1LACDiversifiedDebenture0.67%
Persistent Systems LtdTechnologyEquity0.61%
PTC Industries LtdMaterialsEquity0.59%
PIRAMAL FINANCE LIMITED 9.12 NCD 06AG27 FVRS1LACFinancialDebenture0.58%
Zomato LtdTechnologyEquity0.56%
Tech Mahindra LtdTechnologyEquity0.54%
Coromandel International LtdMaterialsEquity0.54%
Tata Steel LtdMaterialsEquity0.52%
Shriram Transport Finance Company LtdFinancialEquity0.51%
INOX INDIA LIMITED EQEnergy & UtilitiesEquity0.50%
Sai Life Sciences Ltd.HealthcareEquity0.48%
Infosys LtdTechnologyEquity0.48%
STATE DEVELOPMENT LOAN 33897 MH 31JN36 7.63 FV RS 100UnspecifiedState Development Loan0.47%
Anthem Biosciences Ltd.HealthcareEquity0.45%
Hindustan Aeronautics LtdIndustrialsEquity0.45%
SP Apparels LtdConsumer DiscretionaryEquity0.42%
NTPC LtdEnergy & UtilitiesEquity0.41%
LG Balakrishnan & Brothers LtdIndustrialsEquity0.39%
Nippon Life India Asset Management LtdFinancialEquity0.39%
ISGEC Heavy Engineering LtdIndustrialsEquity0.38%
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA SR IV 7.29 BD 09NV29 FVRS1LACFinancialNon Convertible Debenture0.38%
INDIAN BANK CD 12JAN27FinancialCertificate of Deposit0.38%
L&T Finance Holdings LtdFinancialEquity0.38%
TVS Motor Company LtdConsumer DiscretionaryEquity0.37%
KPR Mills LtdConsumer DiscretionaryEquity0.37%
Bank Of BarodaFinancialEquity0.36%
Union Bank of IndiaFinancialEquity0.36%
Kajaria Ceramics LtdIndustrialsEquity0.36%
Hyundai Motor India Ltd.Consumer DiscretionaryEquity0.35%
Hindalco Industries LtdMaterialsEquity0.35%
Tata Power Company LtdEnergy & UtilitiesEquity0.35%
Bharat Electronics LtdIndustrialsEquity0.34%
Oil & Natural Gas Corporation LtdEnergy & UtilitiesEquity0.34%
Technocraft Industries India LtdIndustrialsEquity0.34%
SBI Life Insurance Company LtdFinancialEquity0.34%
Tata Motors LtdIndustrialsEquity0.33%
Power Grid Corporation of India LtdEnergy & UtilitiesEquity0.33%
National Aluminium Company LtdMaterialsEquity0.33%
JK Cement LtdMaterialsEquity0.33%
Kirloskar Brothers LtdIndustrialsEquity0.33%
Grasim Industries LtdMaterialsEquity0.32%
Hindustan Unilever LtdConsumer StaplesEquity0.32%
Oil India LtdEnergy & UtilitiesEquity0.32%
Ingersoll Rand India LtdIndustrialsEquity0.32%
Tata Consumer Products LtdConsumer StaplesEquity0.31%
Archean Chemical Industries LtdMaterialsEquity0.31%
Godfrey Phillips India LtdConsumer StaplesEquity0.29%
Shree Cement LtdMaterialsEquity0.23%
Hindustan Petroleum Corporation LtdEnergy & UtilitiesEquity0.08%
Cash MarginUnspecifiedCash Margin0.07%
Hindalco Industries Limited October 2026 FutureMaterialsFutures-0.05%
HINDUSTAN PETROLEUM CORPORATION LTD-OCT2026Energy & UtilitiesFutures-0.08%
Bank of Baroda October 2026 FutureFinancialFutures-0.37%
Titan Company Limited October 2026 FutureConsumer DiscretionaryFutures-0.76%
Kotak Mahindra Bank Limited October 2026 FutureFinancialFutures-0.77%
Larsen & Toubro Limited October 2026 FutureIndustrialsFutures-1.40%
Jindal Steel Limited October 2026 FutureMaterialsFutures-1.63%
Canara Bank October 2026 FutureFinancialFutures-1.75%
Mahindra & Mahindra Limited October 2026 FutureConsumer DiscretionaryFutures-1.90%
Sun Pharmaceutical Industries Limited October 2026 FutureHealthcareFutures-2.70%
Ambuja Cements Limited October 2026 FutureMaterialsFutures-3.73%
ICICI Bank Limited October 2026 FutureFinancialFutures-3.85%
HDFC Bank Limited October 2026 FutureFinancialFutures-3.97%
Reliance Industries Limited October 2026 FutureEnergy & UtilitiesFutures-4.18%
Bajaj Finance Limited October 2026 FutureFinancialFutures-4.23%
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+3.7%+8.8%+8.1%+10.1%
Category average (Hybrid Equity Savings)+3.3%+8.4%+7.9%+8.9%
Rank (Hybrid Equity Savings)656--

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 08 Oct 2026 is ₹25.29. The Mahindra Manulife Equity Savings Fund Direct Growth is rated 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,