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Mahindra Manulife Multi Asset Allocation Fund - Direct Plan - Growth

NAVs of 8 Nov 2026

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

Multi Asset AllocationDirect · GrowthRisk: High

NAV · 6 Nov 2026

₹14.4724 ▲ 0.35%

Mahindra Manulife Mutual Fund

Fund size₹1,210 crJuly - September 2026

1-month range₹13.75 – 14.47

1 year+8.86%rank 8 of 24

Expense ratio0.58%direct plan, a year

5 years–a year

What the fund does

The investment objective of the Scheme is to seek to generate long-term capital appreciation and income by investing in equity and equity related securities, debt & money market instruments, Gold/Silver ETFs and Exchange Traded Commodity Derivatives (ETCDs) as permitted by SEBI from time to time. However, there can be no assurance that the investment objective of the Scheme will be achieved.

Benchmark45% NIFTY 500 TRI + 40% CRISIL Composite Bond Index + 10% Domestic Price of Physical Gold +5% Domestic Price of Silver

Launched13 Mar 2024

Fund houseMahindra Manulife Mutual Fund

Fund managersFund Manager 1 - Mr.Renjith SivaramFund Manager 2 - Mr. Navin MattaFund Manager 3 - Mr. Rahul PalFund Manager 4 - Mr. Kush Sonigara (Debt portion)Fund Manager 5 - Mr. Pranav Patel * Note: Pursuant to change in Fund Management Responsibilitiesthe scheme shall be managed by Mr. Manish LodhaRenjith SivaramRahul PalPranav Patel (Dedicated Fund Manager for *Overseas Investments) effective January 52024.

NAV history

Returns

1 week

+3.95%avg 3.8%

1 month

+2.75%avg 1.9%

3 months

-0.19%avg -1.3%

6 months

+3.32%avg 0.8%

This year

+5.10%avg 2.8%

1 year

+8.86%avg 6.7% · #8/24

Bars: this plan; the thin mark is the Multi Asset Allocation 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												-0.5
2025	+0.2	-3.7	+5.3	+2.0	+2.5	+2.9	+0.2	-0.4	+4.1	+4.6	+1.5	+1.7
2026	+2.2	-0.1	-6.5	+5.5	+0.0	+1.8	+1.5	+1.8	-3.5	-1.2	+4.0

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 held5685 lines in all

Top 10 stocks19.9%of the fund

Equity52.2%stocks and equity derivatives

Debt & cash48.5%everything else

Where the money is

Equity 52.2%Debt 18.2%Cash & others 30.4%

Sectors (stocks held)

Banks

11.8%

Pharmaceuticals & Biotechnology

4.6%

Industrial Products

3.4%

IT - Software

3.0%

Power

2.4%

Retailing

2.3%

Finance

2.2%

Telecom - Services

2.1%

Credit quality (debt and money market)

AA+

7.3%

AAA

6.9%

Sovereign

3.6%

0.4%

Stocks held 56

Holding	Sector / type	% of fund
HDFC Bank Limited INE040A01034	Banks	3.50%
ICICI Bank Limited INE090A01021	Banks	3.39%
Bharti Airtel Limited INE397D01024	Telecom - Services	2.08%
Divi's Laboratories Limited INE361B01024	Pharmaceuticals & Biotechnology	2.02%
Reliance Industries Limited INE002A01018	Petroleum Products	1.99%
State Bank of India INE062A01020	Banks	1.62%
Kotak Mahindra Bank Ltd INE237A01036	Banks	1.40%
SPR Auto Technologies Ltd INE526E01018	Auto Components	1.40%
Aditya Vision Ltd INE679V01027	Retailing	1.27%
Axis Bank Limited INE238A01034	Banks	1.24%
Sun Pharmaceutical Industries Limited INE044A01036	Pharmaceuticals & Biotechnology	1.05%
Persistent Systems Ltd INE262H01021	IT - Software	1.03%
Tech Mahindra Limited INE669C01036	IT - Software	1.01%
Infosys Limited INE009A01021	IT - Software	0.99%
Larsen & Toubro Limited INE018A01030	Construction	0.98%
Eternal Limited INE758T01015	Retailing	0.98%
NTPC Limited INE733E01010	Power	0.94%
Inox India Limited INE616N01034	Industrial Products	0.94%
PTC Industries Ltd INE596F01018	Industrial Products	0.92%
Tata Steel Limited INE081A01020	Ferrous Metals	0.92%
Coromandel International Limited INE169A01031	Fertilizers & Agrochemicals	0.89%
Tata Power Company Limited INE245A01021	Power	0.89%
Bajaj Finance Ltd INE296A01032	Finance	0.85%
Mahindra & Mahindra Limited INE101A01026	Automobiles	0.81%
Sai Life Sciences Limited INE570L01029	Pharmaceuticals & Biotechnology	0.76%
Anthem Biosciences Limited INE0CZ201020	Pharmaceuticals & Biotechnology	0.74%
Hindustan Aeronautics Limited INE066F01020	Aerospace & Defense	0.73%
S. P. Apparels Limited INE212I01016	Textiles & Apparels	0.73%
Grasim Industries Limited INE047A01021	Cement & Cement Products	0.72%
Shriram Finance Limited INE721A01047	Finance	0.71%
L&T Finance Limited INE498L01015	Finance	0.67%
LG Balakrishnan & Bros Limited INE337A01034	Auto Components	0.66%
Hyundai Motor India Ltd INE0V6F01027	Automobiles	0.64%
Nippon Life India Asset Management Limited INE298J01013	Capital Markets	0.63%
Union Bank of India INE692A01016	Banks	0.62%
Godfrey Phillips India Limited INE260B01028	Cigarettes & Tobacco Products	0.62%
ISGEC Heavy Engineering Limited INE858B01029	Construction	0.61%
TVS Motor Company Limited INE494B01023	Automobiles	0.60%
Power Grid Corporation of India Limited INE752E01010	Power	0.60%
K.P.R. Mill Limited INE930H01031	Textiles & Apparels	0.59%
Kajaria Ceramics Limited INE217B01036	Consumer Durables	0.59%
Oil & Natural Gas Corporation Limited INE213A01029	Oil	0.59%
Technocraft Industries (India) Limited INE545H01011	Industrial Products	0.57%
Shree Cement Limited INE070A01015	Cement & Cement Products	0.57%
SBI Life Insurance Company Limited INE123W01016	Insurance	0.56%
Bharat Electronics Limited INE263A01024	Aerospace & Defense	0.55%
Kirloskar Brothers Limited INE732A01036	Industrial Products	0.55%
National Aluminium Company Limited INE139A01034	Non - Ferrous Metals	0.54%
Oil India Limited INE274J01014	Oil	0.54%
Tata Consumer Products Limited INE192A01025	Agricultural Food & other Products	0.53%
Tata Motors Ltd INE1TAE01010	Agricultural, Commercial & Construction Vehicles	0.53%
Hindalco Industries Limited INE038A01020	Non - Ferrous Metals	0.53%
JK Cement Limited INE823G01014	Cement & Cement Products	0.49%
Hindustan Unilever Limited INE030A01027	Diversified FMCG	0.49%
Ingersoll Rand (India) Limited INE177A01018	Industrial Products	0.46%
Archean Chemical Industries Limited INE128X01021	Chemicals & Petrochemicals	0.40%

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Debt, money market and cash 29

Holding	Sector / type	% of fund
ICICI Prudential Gold ETF INF109KC1NT3	–	12.32%
Mahindra Manulife Liquid Fund -Direct Plan -Growth INF174V01044	–	4.94%
Brookfield India Real Estate Trust INE0FDU25010	Realty	3.36%
8.42% Muthoot Finance Limited 2029 (FRN) ** INE414G07JZ7	CRISIL AA+	3.09%
Nippon India Silver ETF INF204KC1402	–	2.87%
8.85% TVS Credit Services Limited 2027 ** INE729N08063	CRISIL AA+	2.07%
Triparty Repo	–	2.02%
8.7% Shriram Finance Limited 2028 ** INE721A07SL9	CRISIL AAA	1.86%
7.4% Bharti Telecom Limited 2029 INE403D08298	CRISIL AAA	1.61%
8.02% Cholamandalam Investment and Finance Company Ltd 2029 (FRN) ** INE121A07SU3	ICRA AA+	1.44%
7.71% Government of India 2066 IN0020260033	SOVEREIGN	1.40%
7.45% Power Finance Corporation Limited 2028 ** INE134E08NP7	CRISIL AAA	1.23%
7.21% Embassy Office Parks REIT 2028 ** INE041007167	CRISIL AAA	1.22%
7.77% Bajaj Finance Limited 2029 ** INE296A07TW7	CRISIL AAA	1.22%
6.98% State Government Securities 2037 IN2220250095	SOVEREIGN	0.96%
Embassy Office Parks REIT INE041025011	Realty	0.85%
Net Receivables / (Payables)	–	0.76%
Net Receivables / (Payables)	–	0.71%
8.42% Godrej Industries Limited 2027 ** INE233A08139	CRISIL AA+	0.70%
Nexus Select Trust - REIT INE0NDH25011	Realty	0.68%
Raajmarg Infra Investment Trust INE2PB023011	Transport Infrastructure	0.57%
8.55% Aditya Birla Real Estate Limited 2029 ** INE055A08060	CRISIL AA	0.41%
7.63% State Government Securities 2036 IN2220230204	SOVEREIGN	0.41%
7.79% Bajaj Housing Finance Limited 2031 INE377Y07698	CRISIL AAA	0.40%
7.17% Tata Capital Housing Finance Limited 2030 ** INE033L07IP8	CRISIL AAA	0.40%
7.25% State Government Securities 2037 IN2220250376	SOVEREIGN	0.39%
7.24% Government of India 2055 IN0020250075	SOVEREIGN	0.39%
7.05% Sundaram Finance Limited 2028 ** INE660A07SA2	ICRA AAA	0.20%
Margin placed with CCIL & ARCL	–	0.05%

Show 19 moreShow fewer

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

Volatility10.5%yearly, from daily NAVs

Worst fall-9.53%29 Jan 2026 → 23 Mar 2026

RiskometerHighHigh

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 15 Mar 2024).

Where it can invest (limits from the scheme document)

Equity & Equity related instruments^*

35–80%

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)	₹1,210 cr across all plans · this plan ₹46.90 cr
Fund house	Mahindra Manulife Mutual Fund
Category	Hybrid · Multi Asset Allocation
Plan	Direct
Option	Growth
Expense ratio (TER)	Direct 0.58% · Regular 1.89% (5 Nov 2026)
Exit load	10% of the units allotted shall be redeemed without any exit load, on or before completion of 3 months from the date of allotment of Units. Any redemption in excess of the above limit shall be subject to the following exit load: - An Exit Load of 1% is payable if Units are redeemed / switched-out on or before completion of 3 months from the date of allotment of Units; - Nil - If Units are redeemed / switched-out after completion of 3 months from the date of allotment of Units.
Minimum investment	₹1,000 · additional ₹1,000
Scheme code (AMFI)	152443
ISIN	INF174V01BW2
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 · IDCW	₹13.6170	+4.80%
Regular · Growth	₹13.8776	+7.25%
Regular · IDCW	₹13.0345	+3.11%

Top Multi Asset Allocation funds (direct plans)

Fund	1 year	3 years (a year)
Quant Multi Asset Allocation Fund	+11.66%	+21.88%
Nippon India Multi Asset Allocation Fund	+7.26%	+18.50%
DSP Multi Asset Allocation Fund	+8.82%	+18.26%
Kotak Multi Asset Allocation Fund	+9.01%	+17.24%
Aditya Birla Sun Life Multi Asset Allocation Fund	+9.73%	+16.90%
WhiteOak Capital Multi Asset Allocation Fund	+8.93%	+16.71%
Baroda BNP Paribas Multi Asset Fund	+6.11%	+15.22%
UTI Multi Asset Allocation Fund	+2.82%	+15.06%
Mahindra Manulife Multi Asset Allocation Fund	+8.86%	–

All Multi Asset Allocation funds ranked › · Compare with others ›

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Information only, not investment advice.

What is the NAV of Mahindra Manulife Multi Asset Allocation Fund - Direct Plan - Growth today?

₹14.4724 as of 6 Nov 2026, from AMFI's official NAV data.

What are the returns of Mahindra Manulife Multi Asset Allocation Fund - Direct Plan - Growth?

1 year: 8.86%

How does Mahindra Manulife Multi Asset Allocation Fund rank in its category?

8 of 24 Multi Asset Allocation 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.