Mahindra Manulife Innovation Opportunities Fund Direct Growth

Mahindra Manulife Innovation Opportunities Fund Direct Growth
Very High Risk
Launch date09 Jan 2026
Allotment date30 Jan 2026
End date23 Jan 2026
NAV₹10.00
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting  your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Expense ratio, exit load and taxExpense ratio: NAInclusive of GST
Exit loadExit load of 0.5%, if redeemed within 3 months.
Stamp duty0.005% (from July 1st, 2020)
Tax implicationNA
Understand terms
Minimum investment amountsMin. for 1st investment₹1,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹500
Fund managementRenjith Sivaram Radhakrishnan
Jan 2026 - 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
Also manages these schemes
Mahindra Manulife Innovation Opportunities Fund Direct Growth
Mahindra Manulife Business Cycle Fund Direct Growth
Mahindra Manulife Manufacturing Fund Direct Growth
Kirti Dalvi
Jan 2026 - Present
View details
Education
MMS (Finance), CFA level 2
Experience
Prior to Joining the Mahindra Manulife AMC he has worked with ENAM AMC, Angel Broking Ltd.
Also manages these schemes
Mahindra Manulife Innovation Opportunities Fund Direct Growth
Mahindra Manulife Mid Cap Fund Direct Growth
Mahindra Manulife Large Cap Fund Direct Growth
Mahindra Manulife Large & Mid Cap Fund Direct Growth
Mahindra Manulife Aggressive Hybrid Fund Direct Growth
Fund house & investment objective
Mahindra Manulife Mutual Fund
Rank (total assets)#28 in India
Total AUM₹4,742.00Cr
Date of Incorporation04 Feb 2016
    Mahindra Manulife Innovation Opportunities Fund Direct Growth is a NA Mutual Fund Scheme launched by Mahindra Mutual Fund.     This scheme was made available to investors on 04 Feb 2016.     Renjith Sivaram Radhakrishnan is the Current Fund Manager of Mahindra Manulife Innovation Opportunities Fund Direct Growth fund.     The fund currently has an Asset Under Management(AUM) of ₹4,742 Cr and     the Latest NAV as of 09 Jan 2026 is ₹10.00.  

    The Mahindra Manulife Innovation Opportunities Fund Direct Growth is rated Very High risk.     Minimum SIP Investment is set to ₹500.     Minimum Lumpsum Investment is ₹1,000.     Exit load of 0.5%, if redeemed within 3 months.
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Investment ObjectiveThe Scheme shall seek to generate long term capital appreciation by investing predominantly in equity and equity related securities of companies following innovation theme. 
 
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Fund benchmarkNIFTY 500 Total Return Index
Scheme Information Document(SID)
Fund house contact details
Address
1st Floor, Sadhana House, Behind Mahindra Tower, 570 P. B. Marg, Worli, Mumbai 400018
Phone
022-66327900
Launch Date
04 Feb 2016
E-mail
[email protected]
Website
www.mahindramutualfund.com
Peer ComparisonFund nameRating1Y3YFund Size(Cr)
Franklin India Technology Fund Direct Growth
NA
-1.1%25.5%1,956.54
Franklin India Mid Cap Fund Direct Growth
3
3.0%22.7%12,911.38
Nippon India Small Cap Fund Direct Growth
4
-4.1%21.2%68,287.15
Franklin India Small Cap Fund Direct Growth
3
-5.7%20.4%13,529.48
HDFC Small Cap Fund Direct Growth
4
0.3%20.3%37,753.13

Rank (total assets)	#28 in India
Total AUM	₹4,742.00Cr

Date of Incorporation	04 Feb 2016

Fund benchmark	NIFTY 500 Total Return Index

Fund name	Rating	1Y	3Y	Fund Size(Cr)
Franklin India Technology Fund Direct Growth	NA	-1.1%	25.5%	1,956.54
Franklin India Mid Cap Fund Direct Growth	3	3.0%	22.7%	12,911.38
Nippon India Small Cap Fund Direct Growth	4	-4.1%	21.2%	68,287.15
Franklin India Small Cap Fund Direct Growth	3	-5.7%	20.4%	13,529.48
HDFC Small Cap Fund Direct Growth	4	0.3%	20.3%	37,753.13