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Mahindra Manulife Business Cycle Fund - Direct Plan - Growth

NAVs of 8 Nov 2026

Mahindra Manulife Mutual Fund · Equity fund · Direct plan · Growth

Sectoral / ThematicDirect · GrowthRisk: Very High
NAV · 6 Nov 2026
₹16.0686 ▲ 0.15%
Mahindra Manulife Mutual Fund
Fund size₹1,349 crJuly - September 2026
1-month range₹14.82 – 16.07
1 year+3.04%rank 100 of 204
3 years+17.78%a year
5 years–a year

What the fund does

The Scheme shall seek to generate long term capital appreciation by investing predominantly in equity and equity related securities with a focus on identifying and investing in business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy. However, there is no assurance that the objective of the Scheme will be realized.

BenchmarkNIFTY 500 TRI (First Tier Benchmark)
Launched11 Sept 2023
Fund houseMahindra Manulife Mutual Fund
Fund managersFund Manager 1 - Mr. Krishna SanghaviFund Manager 2 - Mr. Renjith SivaramFund Manager 3 - Mr. Pranav Patel**Dedicated Fund Manager for Overseas Investments

NAV history

151617 2026-08-122026-08-252026-09-072026-09-212026-10-052026-10-162026-10-30

Returns

1 week
+6.62%avg 4.5%
1 month
+2.56%avg 2.5%
3 months
-4.23%avg -1.8%
6 months
-1.45%avg 3.3%
This year
+0.30%avg 4.3%
1 year
+3.04%avg 4.7% · #100/204
3 years (a year)
+17.78%avg 15.3% · #45/127

Bars: this plan; the thin mark is the Sectoral / Thematic average (direct plans, growth option). Over a year: yearly averages (CAGR). Past returns do not guarantee future returns. Information only, not investment advice.

Monthly returns (%)

YearJanFebMarAprMayJunJulAugSepOctNovDec
2024-1.8
2025-4.8-8.3+6.8+2.8+4.4+3.3-2.0-2.2+1.7+5.5+1.2+0.6
2026-0.9+1.0-9.5+10.5+0.1+1.8+1.5+0.8-5.2-4.8+6.6

Each month's change in NAV (the current month to the latest NAV).

What if you had invested?

Worked out from this plan's actual NAVs. SIP: invested on the first NAV of each month. Taxes and exit loads are not included. Past returns do not guarantee future returns. Information only, not investment advice.

Risk

Volatility15.1%yearly, from daily NAVs
Worst fall-21.28%27 Sept 2024 → 28 Feb 2025
RiskometerVery HighVery High

Volatility: how much the NAV moves, as a yearly figure (higher = bumpier). Worst fall: the biggest drop from a high, in the NAV history we hold (from 29 Sept 2023).

Where it can invest (limits from the scheme document)

Equity and Equity related instruments of companies selected based on the business cycle theme^*
80–100%
Equity and Equity related instruments of companies other than above
0–20%
Money Market Instruments/, other liquidinstruments@
0–20%
Units of mutual funds$
0–20%
Units issued by REITs & InvITs
0–10%

The ranges the fund is allowed to hold, not what it holds today.

Fund details

Fund size (average AUM, July - September 2026)₹1,349 cr across all plans · this plan ₹54.09 cr
Fund houseMahindra Manulife Mutual Fund
CategoryEquity · Sectoral / Thematic
PlanDirect
OptionGrowth
Exit load1%* *An Exit Load of 1.00% is payable if Units are redeemed / switched-out upto 3 months from the date of allotment; Nil if Units are redeemed / switched-out after 3 months from the date of allotment. Redemption /Switch-Out of Units would be done on First in First out Basis (FIFO).
Minimum investment₹1,000 · additional ₹1,000
Scheme code (AMFI)152045
ISININF174V01BQ4
NAV date6 Nov 2026

Scheme details from the fund's scheme summary document filed with AMFI; expense ratios from AMFI's daily filings.

Other plans of this fund

PlanNAV1 year
Direct · IDCW₹13.8009-4.18%
Regular · Growth₹15.2402+1.45%
Regular · IDCW₹13.0152-5.99%

Top Sectoral / Thematic funds (direct plans)

Fund1 year3 years (a year)
Nippon India Taiwan Equity Fund+49.17%+45.49%
HDFC Defence Fund+18.82%+35.64%
HDFC Pharma and Healthcare Fund+26.22%+31.34%
SBI HEALTHCARE OPPORTUNITIES FUND+20.99%+25.54%
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Mirae Asset Healthcare Fund+22.03%+24.65%
UTI - Healthcare Fund+17.27%+24.46%
ICICI PRUDENTIAL TRANSPORTATION AND LOGISTICS FUND+11.93%+23.21%
Mahindra Manulife Business Cycle Fund+3.04%+17.78%

All Sectoral / Thematic funds ranked › · Compare with others ›

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Information only, not investment advice.

What is the NAV of Mahindra Manulife Business Cycle Fund - Direct Plan - Growth today?

₹16.0686 as of 6 Nov 2026, from AMFI's official NAV data.

What are the returns of Mahindra Manulife Business Cycle Fund - Direct Plan - Growth?

1 year: 3.04%, 3 years: 17.78% a year

How does Mahindra Manulife Business Cycle Fund rank in its category?

100 of 204 Sectoral / Thematic funds (direct plans, growth option) by 1-year return.

What is the difference between direct and regular plans?

Both invest in the same portfolio. Direct plans are bought straight from the fund house and pay no distributor commission, so their expenses are lower and their NAV grows slightly faster.