Mahindra Manulife Business Cycle Fund
NAV
₹16.75
as of 21 Aug 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 ₹16.75 as of 21 Aug 2026. The expense ratio is 0.47% a year. Managed by Krishna Sanghavi. This page is factual data only — it carries no rating and no recommendation.
Key facts
- Expense ratio
- 0.47% / yr
- as of 30 Jun 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 20 Aug 2026Benchmark: Nifty 500 TRI
Mahindra Manulife Business Cycle Fund
₹167
+67% on ₹100 over 2.9 yrs
Sectoral/ Thematic average
₹149
+49% on ₹100 over 2.9 yrs
Returns vs category
| Window | Fund | Category avg | Gap |
|---|---|---|---|
| 3 months | 4.76% | – | – |
| 6 months | 3.37% | – | – |
| 1 year | 10.93% | – | – |
| 3 years (CAGR) | 19.08% | – | – |
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%
24 windows over the last 35 months, stepped monthly; 88% ended positive. Worst window began 1 Oct 2024. 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
-0.6% below peak
Where the money actually is
Equity
98.5%
Cash
1.5%
Whole-portfolio split, as of 30 Jun 2026.
What it owns
71 positions · top 10 = 29.1%
Market-cap mix
Large 47.5%Mid 24.9%Small 26.2%Other 1.5%
as of 30 Jun 2026
Holdings by sector
Financial Services(4 in top 10)23.7%
- ICICI Bank Ltd3.09%
- Axis Bank Ltd2.87%
- IndusInd Bank Ltd2.49%
- Bandhan Bank Ltd2.39%
Basic Materials(1 in top 10)13.4%
- Grasim Industries Ltd3.13%
- Healthcare11.2%
- Industrials10.1%
Consumer Cyclical(1 in top 10)9.8%
- Bajaj Auto Ltd2.66%
Utilities(1 in top 10)9.4%
- JSW Energy Ltd3.46%
Energy(2 in top 10)8.0%
- Reliance Industries Ltd4.05%
- Adani Enterprises Ltd2.50%
Technology(1 in top 10)6.0%
- Infosys Ltd2.49%
Sectors marked ▶ expand to show this fund’s top-10 holdings in that sector. Holdings as of 30 Jun 2026. Portfolio turnover 63.6% a year.
The businesses it owns
- P/E (trailing)
- 20.3
- P/B
- 2.5
- Dividend yield
- 1.4%
- Net margin
- 16.6%
- Earnings growth
- 9.6%
- Avg market cap
- ₹98,239 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?
- ₹16.75 per unit as of 21 Aug 2026 (Direct plan, growth). NAV is declared daily on working days.
- What is the expense ratio of Mahindra Manulife Business Cycle Fund?
- 0.47% a year for the Direct plan, as of 30 Jun 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.
- Who manages Mahindra Manulife Business Cycle Fund?
- Krishna Sanghavi, managing this fund for 2.9 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₹38,299 crore
- ICICI Prudential Business Cycle Fund₹16,123 crore
- Tata India Innovation Fund₹1,368 crore
- ICICI Prudential ESG Exclusionary Strategy Fund₹1,365 crore
- quant Momentum Fund₹1,356 crore
- DSP Business Cycle Fund₹1,334 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.