Mahindra Manulife Business Cycle Fund
NAV
₹15.81
as of 6 Oct 2026
Mahindra Manulife Business Cycle Fund is an open-ended Sectoral/ Thematic scheme from Mahindra Manulife Mutual Fund managing ₹1,357 crore (as of 31 Jul 2026). Its Direct-plan NAV is ₹15.81 as of 6 Oct 2026. The expense ratio is 0.91% a year. Managed by Krishna Sanghavi. This page is factual data only – it carries no rating and no recommendation.
Key facts
- Expense ratio
- 0.91% / yr
- as of 31 Aug 2026
- Fund size
- ₹1,357 crore
- as of 31 Jul 2026
- Exit load
- 1%
- SIP available
- Yes
- Launched
- 13 Sept 2023
- ISIN
- INF174V01BQ4
₹100 invested, fund vs category
The category line is the average of the funds in this category, built from nyvo’s own NAV data.
Rebased to 100data to 5 Oct 2026Benchmark: Nifty 500 TRI
Mahindra Manulife Business Cycle Fund
₹156
+56% on ₹100 over 3.1 yrs
Sectoral/ Thematic average
₹141
+41% on ₹100 over 3.1 yrs
Returns vs category
| Window | Fund | Category avg | Gap |
|---|---|---|---|
| 3 months | -5.04% | – | – |
| 6 months | 0.96% | – | – |
| 1 year | 3.38% | – | – |
| 3 years (CAGR) | 16.10% | – | – |
No category average is available for this fund. Short windows are noise; the 3 and 5-year rows are the record. Past returns do not predict future returns.
A single return number depends on its start date. These are ALL the overlapping holding periods, so the worst case is visible – read that number first.
1-year holding periods
- Worst
- -8.1%
- Median
- 7.8%
- Best
- 62.9%
26 windows over the last 37 months, stepped monthly; 89% ended positive. Worst window began 1 Oct 2024. Windows overlap – this is the range of past start dates, not a probability of anything.
3-year holding periods (per year)
- Worst
- 15.9%
- Median
- 17.1%
- Best
- 18.2%
2 windows over the last 37 months, stepped monthly; 100% ended positive. Worst window began 3 Oct 2023. Windows overlap – this is the range of past start dates, not a probability of anything.
Distance below its own peak
Every dip below 0 is the fund trading under a previous high – how deep and for how long is what a drawdown feels like.
Right now
-7.0% below peak
Where the money actually is
Equity
97.3%
Cash
2.8%
Whole-portfolio split, as of 31 Jul 2026.
What it owns
67 positions · top 10 = 28.5%
Market-cap mix
Large 47.5%Mid 25.1%Small 24.7%Other 2.8%
as of 31 Jul 2026
Holdings by sector
Financial Services(3 in top 10)24.1%
- ICICI Bank Ltd3.17%
- IndusInd Bank Ltd2.68%
- Axis Bank Ltd2.58%
Basic Materials(1 in top 10)13.8%
- Grasim Industries Ltd3.09%
- Healthcare11.0%
Utilities(1 in top 10)9.7%
- JSW Energy Ltd3.25%
Consumer Cyclical(1 in top 10)9.5%
- Bajaj Auto Ltd2.69%
- Industrials9.2%
Energy(2 in top 10)7.8%
- Reliance Industries Ltd4.04%
- Adani Enterprises Ltd2.44%
- Technology6.2%
Sectors marked ▶ expand to show this fund’s top-10 holdings in that sector. Holdings as of 31 Jul 2026. Portfolio turnover 87.8% a year.
Other top holdings
- Triparty Repo2.56%
- Indus Towers Ltd Ordinary Shares2.31%
The businesses it owns
- P/E (trailing)
- 20.6
- P/B
- 2.6
- Dividend yield
- 1.3%
- Net margin
- 17.0%
- Earnings growth
- 10.7%
- Avg market cap
- ₹1.01 lakh crore
Money in, money out
- Net flow, 12 months
- +₹11 cr
- Net flow, 3 months
- +₹11 cr
as of 31 Jul 2026. Flows follow performance more than they predict it.
Quick answers
- What is the NAV of Mahindra Manulife Business Cycle Fund?
- ₹15.81 per unit as of 6 Oct 2026 (Direct plan, growth). NAV is declared daily on working days.
- What is the expense ratio of Mahindra Manulife Business Cycle Fund?
- 0.91% a year for the Direct plan, as of 31 Aug 2026.
- How large is Mahindra Manulife Business Cycle Fund?
- ₹1,357 crore under management as of 31 Jul 2026, in the Sectoral/ Thematic category.
- How risky is Mahindra Manulife Business Cycle Fund?
- Its SEBI Riskometer reading is "Very High Risk". One sector, one story. The most-launched shelf on the map, by far.
- What is the worst 3-year return of Mahindra Manulife Business Cycle Fund?
- 15.9% a year – the weakest of 2 overlapping 3-year holding periods, beginning 3 Oct 2023. The median was 17.1% and 100% of those windows ended positive. Windows overlap, so this is the range of past start dates, not a probability.
- Who manages Mahindra Manulife Business Cycle Fund?
- Krishna Sanghavi, managing this fund for 3 years.
Where this fund sits
Its shelf, all funds
St · Sectoral / thematic →
One sector, one story. The most-launched shelf on the map, by far.
The money map
How big this shelf is in India →
The whole industry sized by real money, from AMFI’s monthly data.
Side by side
Compare this fund →
Put it next to any other fund – growth, returns, risk and cost in one table.
One bet or two?
Check its overlap →
See whether it owns the same stocks as your other funds.
Other Sectoral/ Thematic funds
- ICICI Prudential India Opportunities Fund₹38,338 crore
- ICICI Prudential Business Cycle Fund₹15,873 crore
- Invesco India Business Cycle Fund₹1,381 crore
- Axis Innovation Fund₹1,363 crore
- ICICI Prudential ESG Exclusionary Strategy Fund₹1,356 crore
- quant Momentum Fund₹1,356 crore
- Mahindra Manulife Manufacturing Fund₹673 crore
- Mahindra Manulife Consumption Fund₹502 crore
Data: nyvo research systems; each block above states its own as-of date, and blocks with no data for this fund are omitted rather than estimated. NAV updates daily on working days. The benchmark (Nifty 500 TRI) is named for reference only; its values are licensed and never shown. This page is factual information about one scheme. It is not investment advice, not a recommendation, and it carries no rating of any kind. Past performance does not predict future returns. Mutual fund investments are subject to market risks; read all scheme related documents carefully.