Markets / Mutual funds / Sectoral / Thematic

Mahindra Manulife Business Cycle Fund - Direct Plan - IDCW

NAVs of 6 Nov 2026

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

Sectoral / ThematicDirect · IDCWRisk: Very High

NAV · 5 Nov 2026

₹13.7802 ▲ 1.79%

Mahindra Manulife Mutual Fund

Fund size₹1,349 crJuly - September 2026

1-month range₹12.73 – 13.78

1 year-5.03%

3 years+11.90%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

Returns

1 week

+5.13%avg 4.3%

1 month

+1.46%avg 2.3%

3 months

-4.37%avg -2.0%

6 months

-2.00%avg 3.1%

This year

-6.87%avg 4.1%

1 year

-5.03%avg 4.2%

3 years (a year)

+11.90%avg 15.1%

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 (%)

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2024												-1.8
2025	-4.8	-8.3	-1.4	+2.8	+4.4	+3.3	-2.0	-2.2	+1.7	+5.5	+1.2	+0.6
2026	-0.9	+1.0	-15.9	+10.5	+0.1	+1.8	+1.5	+0.8	-5.2	-4.8	+6.5

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

What if you had invested?

Amount (₹) Started

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

Volatility17.1%yearly, from daily NAVs

Worst fall-24.08%27 Sept 2024 → 31 Mar 2026

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 ₹0.30 cr
Fund house	Mahindra Manulife Mutual Fund
Category	Equity · Sectoral / Thematic
Plan	Direct
Option	IDCW
Exit load	1%* *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)	152048
ISIN	INF174V01BR2
NAV date	5 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

Plan	NAV	1 year
Direct · Growth	₹16.0445	+2.14%
Regular · Growth	₹15.2180	+0.56%
Regular · IDCW	₹12.9962	-6.82%

Top Sectoral / Thematic funds (direct plans)

Fund	1 year	3 years (a year)
Nippon India Taiwan Equity Fund	+49.17%	+45.49%
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HDFC Pharma and Healthcare Fund	+26.22%	+31.34%
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HDFC Transportation and Logistics Fund	+9.04%	+25.47%
Mirae Asset Healthcare Fund	+22.03%	+24.65%
UTI - Healthcare Fund	+17.27%	+24.46%
ICICI PRUDENTIAL TRANSPORTATION AND LOGISTICS FUND	+10.66%	+22.89%

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Information only, not investment advice.

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

₹13.7802 as of 5 Nov 2026, from AMFI's official NAV data.

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

1 year: -5.03%, 3 years: 11.90% a year

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.