Markets / Mutual funds / Sectoral / Thematic

Mahindra Manulife Business Cycle Fund - Regular Plan - IDCW

NAVs of 8 Nov 2026

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

Sectoral / ThematicRegular · IDCWRisk: Very High

NAV · 6 Nov 2026

₹13.0152 ▲ 0.15%

Mahindra Manulife Mutual Fund

Fund size₹1,349 crJuly - September 2026

1-month range₹12.01 – 13.02

1 year-5.99%

Expense ratio2.42%regular plan, 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

+6.59%avg 5.4%

1 month

+2.44%avg 2.9%

3 months

-4.58%avg -1.9%

6 months

-2.19%avg 3.1%

This year

-8.27%avg 3.2%

1 year

-5.99%avg 3.7%

3 years (a year)

+9.89%avg 13.8%

Bars: this plan; the thin mark is the Sectoral / Thematic average (regular 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												-1.9
2025	-4.9	-8.5	-1.7	+2.7	+4.2	+3.2	-2.1	-2.4	+1.6	+5.3	+1.1	+0.4
2026	-1.0	+0.9	-16.3	+10.4	-0.0	+1.7	+1.4	+0.6	-5.4	-4.9	+6.6

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.

Portfolio as on 30 Sept 2026

Stocks held6872 lines in all

Top 10 stocks27.9%of the fund

Equity96.8%stocks and equity derivatives

Debt & cash4.7%everything else

Where the money is

Equity 96.8%Cash & others 4.7%

Sectors (stocks held)

Banks

15.6%

Pharmaceuticals & Biotechnology

9.5%

Industrial Products

8.7%

Power

7.5%

Cement & Cement Products

7.3%

Finance

5.5%

Telecom - Services

4.2%

Petroleum Products

3.9%

Stocks held 68

Holding	Sector / type	% of fund
Reliance Industries Limited INE002A01018	Petroleum Products	3.85%
Grasim Industries Limited INE047A01021	Cement & Cement Products	3.20%
ICICI Bank Limited INE090A01021	Banks	3.07%
JSW Energy Limited INE121E01018	Power	3.04%
Axis Bank Limited INE238A01034	Banks	2.71%
Bandhan Bank Limited INE545U01014	Banks	2.52%
IndusInd Bank Limited INE095A01012	Banks	2.51%
Adani Enterprises Limited INE423A01024	Metals & Minerals Trading	2.47%
Indus Towers Limited INE121J01017	Telecom - Services	2.31%
Bajaj Auto Limited INE917I01010	Automobiles	2.25%
Tech Mahindra Limited INE669C01036	IT - Software	2.20%
Divi's Laboratories Limited INE361B01024	Pharmaceuticals & Biotechnology	2.16%
IDFC First Bank Limited INE092T01019	Banks	2.02%
Vodafone Idea Limited INE669E01016	Telecom - Services	1.93%
Ajanta Pharma Limited INE031B01049	Pharmaceuticals & Biotechnology	1.87%
Adani Energy Solutions Limited INE931S01010	Power	1.79%
The Ramco Cements Limited INE331A01037	Cement & Cement Products	1.77%
Steel Authority of India Limited INE114A01011	Ferrous Metals	1.69%
Kajaria Ceramics Limited INE217B01036	Consumer Durables	1.60%
Glenmark Pharmaceuticals Limited INE935A01035	Pharmaceuticals & Biotechnology	1.57%
NTPC Limited INE733E01010	Power	1.56%
Carborundum Universal Limited INE120A01034	Industrial Products	1.56%
Bajaj Finance Ltd INE296A01032	Finance	1.54%
Maruti Suzuki India Limited INE585B01010	Automobiles	1.48%
Coal India Limited INE522F01014	Consumable Fuels	1.48%
Zydus Lifesciences Limited INE010B01027	Pharmaceuticals & Biotechnology	1.47%
Ambuja Cements Limited INE079A01024	Cement & Cement Products	1.45%
Vedanta Aluminium Metal Limited INE1CDF01017	Non - Ferrous Metals	1.44%
REC Limited INE020B01018	Finance	1.44%
HBL Engineering Limited INE292B01021	Industrial Products	1.42%
Asahi India Glass Limited INE439A01020	Auto Components	1.41%
Cochin Shipyard Limited INE704P01025	Industrial Manufacturing	1.39%
Shriram Finance Limited INE721A01047	Finance	1.37%
Biocon Limited INE376G01013	Pharmaceuticals & Biotechnology	1.33%
CEAT Limited INE482A01020	Auto Components	1.29%
JSW Steel Limited INE019A01038	Ferrous Metals	1.26%
Sagility Limited INE0W2G01015	IT - Services	1.26%
LMW Limited INE269B01029	Industrial Manufacturing	1.20%
Deepak Fertilizers and Petrochemicals Corporation Limited INE501A01019	Chemicals & Petrochemicals	1.16%
Supreme Petrochem Limited INE663A01033	Chemicals & Petrochemicals	1.16%
Finolex Cables Limited INE235A01022	Industrial Products	1.11%
Manappuram Finance Limited INE522D01027	Finance	1.10%
Kirloskar Brothers Limited INE732A01036	Industrial Products	1.10%
Hindalco Industries Limited INE038A01020	Non - Ferrous Metals	1.09%
Anthem Biosciences Limited INE0CZ201020	Pharmaceuticals & Biotechnology	1.06%
CESC Limited INE486A01021	Power	1.06%
Punjab National Bank INE160A01022	Banks	1.05%
Ujjivan Small Finance Bank Limited INE551W01018	Banks	1.05%
HEG Advanced Materials Ltd INE545A01024	Industrial Products	1.03%
MphasiS Limited INE356A01018	IT - Software	0.95%
Dalmia Bharat Limited INE00R701025	Cement & Cement Products	0.91%
Jindal Saw Ltd INE324A01032	Industrial Products	0.91%
Graphite India Limited INE371A01025	Industrial Products	0.89%
S. P. Apparels Limited INE212I01016	Textiles & Apparels	0.86%
K.P.R. Mill Limited INE930H01031	Textiles & Apparels	0.85%
Sarda Energy and Minerals Limited INE385C01021	Ferrous Metals	0.85%
Mazagon Dock Shipbuilders Limited INE249Z01020	Industrial Manufacturing	0.82%
Elecon Engineering Company Limited INE205B01031	Electrical Equipment	0.79%
Tata Consumer Products Limited INE192A01025	Agricultural Food & other Products	0.74%
Bank of Baroda INE028A01039	Banks	0.71%
Garware Hi-Tech Films Limited INE291A01017	Industrial Products	0.69%
Foseco India Limited INE519A01011	Chemicals & Petrochemicals	0.60%
Triveni Engineering & Industries Limited INE256C01024	Agricultural Food & other Products	0.55%
Garden Reach Shipbuilders & Engineers Limited INE382Z01011	Aerospace & Defense	0.51%
Gokaldas Exports Limited INE887G01027	Textiles & Apparels	0.40%
NOCIL Limited INE163A01018	Chemicals & Petrochemicals	0.36%
NMDC Limited INE584A01023	Minerals & Mining	0.30%
Smartworks Coworking Spaces Ltd INE0NAZ01010	Commercial Services & Supplies	0.23%

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Debt, money market and cash 4

Holding	Sector / type	% of fund
Triparty Repo	–	1.70%
Net Receivables / (Payables)	–	1.53%
Net Receivables / (Payables)	–	1.46%
Margin placed with CCIL & ARCL	–	0.02%

From the fund house's monthly portfolio (mahindramanulife.com), as on 30 Sept 2026. Percentages are of the fund's net assets. Published about ten days after each month ends.

Risk

Volatility17.3%yearly, from daily NAVs

Worst fall-26.34%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 ₹1.92 cr
Fund house	Mahindra Manulife Mutual Fund
Category	Equity · Sectoral / Thematic
Plan	Regular
Option	IDCW
Expense ratio (TER)	Direct 0.92% · Regular 2.42% (5 Nov 2026)
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)	152047
ISIN	INF174V01BO9
NAV date	6 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	₹16.0686	+3.04%
Direct · IDCW	₹13.8009	-4.18%
Regular · Growth	₹15.2402	+1.45%

Top Sectoral / Thematic funds (regular plans)

Fund	1 year	3 years (a year)
Nippon India Taiwan Equity Fund	+37.70%	+40.44%
HDFC Defence Fund	+19.63%	+33.69%
HDFC Pharma and Healthcare Fund	+26.81%	+30.17%
SBI HEALTHCARE OPPORTUNITIES FUND	+21.11%	+24.39%
HDFC Transportation and Logistics Fund	+8.74%	+23.82%
UTI - Healthcare Fund	+17.70%	+23.50%
Mirae Asset Healthcare Fund	+22.57%	+23.40%
BANK OF INDIA MANUFACTURING & INFRASTRUCTURE FUND	+16.15%	+22.19%

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

← All mutual funds

Information only, not investment advice.

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

₹13.0152 as of 6 Nov 2026, from AMFI's official NAV data.

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

1 year: -5.99%, 3 years: 9.89% 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.