| Launch date | 27 Jun 2025 |
| Allotment date | 18 Jul 2025 |
| End date | 11 Jul 2025 |
| NAV | ₹10.00 |
Expense ratio, exit load and tax
Expense ratio: NA
Inclusive of GST
Exit load
Exit load of 0.50%, if redeemed within 3 months.
Stamp duty
0.005% (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%.
Minimum investment amounts
| Min. for 1st investment | Not Supported |
| Min. for 2nd investment onwards | Not Supported |
| Min. for SIP | Not Supported |
Fund management
Vishal JajooJun 2025 - PresentView details
Chetan GindodiaJun 2025 - PresentView details
Fund house & investment objective
| Rank (total assets) | NA |
|---|---|
| Total AUM | ₹31,327.50Cr |
| Date of Incorporation | 04 Feb 2016 |
|---|
Mahindra Manulife Banking & Financial Services 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. Vishal Jajoo is the Current Fund Manager of Mahindra Manulife Banking & Financial Services Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹31,327 Cr and the Latest NAV as of 27 Jun 2025 is ₹10.00. The Mahindra Manulife Banking & Financial Services Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹500. Exit load of 0.50%, if redeemed within 3 months. ;
Investment Objective
The scheme seeks to generate long term capital appreciation by investing predominantly in equity and equity related securities of companies engaged in the banking and financial services activities. ;
| Fund benchmark | NIFTY Financial Services Total Return Index |
|---|