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Mahindra Manulife Banking & Financial Services Fund - Direct Plan
Regular
Direct
1 Year Absolute Returns
-
NAV (₹) on 30 Mar 2026
9.41
1 Day NAV Change
-3.39%
Risk Level
Very High Risk
Rating
-
Mahindra Manulife Banking & Financial Services Fund - Direct Plan is a Equity mutual fund categorized under Sector, offered by Mahindra Manulife Investment Management Pvt. Ltd.. Launched on 27 Jun ... Read more
NAV History
Fund Details
Min. SIP Amount
₹500
Inception Date
27 Jun 2025
Min. Lumpsum Amount
₹ 1,000
Fund Age
0 Yrs
AUM
₹ 422.70 Cr.
Benchmark
Nifty Financial Services Total Return
Expense Ratio
0.55%
Scheme Type
Open Ended
Exit Load
0.50%
Asset Allocation
AUM
₹ 422.70 Cr
Equity
93.75%
Money Market & Cash
5.12%
Other Assets & Liabilities
1.13%
Sector Holdings
| Sectors | Weightage |
|---|---|
| Finance - Banks - Private Sector | 47.75% |
| Non-Banking Financial Company (NBFC) | 14.47% |
| Finance - Banks - Public Sector | 11.02% |
| Finance & Investments | 7.56% |
| Treps/Reverse Repo | 5.12% |
| Finance - Life Insurance | 3.90% |
| Exchange Platform | 2.89% |
| Finance - Mutual Funds | 2.75% |
| Finance - Housing | 2.17% |
| Net Receivables/(Payables) | 1.13% |
| Finance - Non Life Insurance | 0.75% |
| Financial Technologies (Fintech) | 0.49% |
Stock Holdings
| Name | Weightage | Value (in Cr.) | Sector |
|---|---|---|---|
| ICICI Bank Limited | 13.27% | ₹ 56.10 | Finance - Banks - Private Sector |
| HDFC Bank Limited | 11.61% | ₹ 49.09 | Finance - Banks - Private Sector |
| Axis Bank Limited | 8.52% | ₹ 36.01 | Finance - Banks - Private Sector |
| State Bank of India | 6.69% | ₹ 28.29 | Finance - Banks - Public Sector |
| Bajaj Finance Ltd | 5.89% | ₹ 24.90 | Non-Banking Financial Company (NBFC) |
| Triparty Repo | 5.12% | ₹ 21.66 | Others |
| Kotak Mahindra Bank Ltd | 4.08% | ₹ 17.23 | Finance - Banks - Private Sector |
| Shriram Finance Limited | 3.34% | ₹ 14.12 | Non-Banking Financial Company (NBFC) |
| Aditya Birla Capital Limited | 3.06% | ₹ 12.93 | Finance & Investments |
| Ujjivan Small Finance Bank Limited | 2.88% | ₹ 12.19 | Finance - Banks - Private Sector |
| Cholamandalam Investment and Finance Company Limited | 2.87% | ₹ 12.12 | Non-Banking Financial Company (NBFC) |
| ICICI Prudential Asset Management Company Limited | 2.75% | ₹ 11.61 | Finance - Mutual Funds |
| Multi Commodity Exchange of India Limited | 2.58% | ₹ 10.92 | Exchange Platform |
| Max Financial Services Limited | 2.52% | ₹ 10.66 | Finance & Investments |
| SBI Life Insurance Company Limited | 2.45% | ₹ 10.36 | Finance - Life Insurance |
| Equitas Small Finance Bank Limited | 2.34% | ₹ 9.87 | Finance - Banks - Private Sector |
| Bank of Maharashtra | 2.17% | ₹ 9.16 | Finance - Banks - Public Sector |
| Bandhan Bank Limited | 1.68% | ₹ 7.10 | Finance - Banks - Private Sector |
| ICICI Prudential Life Insurance Company Limited | 1.45% | ₹ 6.12 | Finance - Life Insurance |
| Karur Vysya Bank Limited | 1.41% | ₹ 5.94 | Finance - Banks - Private Sector |
| IIFL Finance Limited | 1.38% | ₹ 5.83 | Non-Banking Financial Company (NBFC) |
| IDFC First Bank Limited | 1.28% | ₹ 5.39 | Finance - Banks - Private Sector |
| Tata Capital Limited | 1.28% | ₹ 5.40 | Finance & Investments |
| Net Receivables / (Payables) | 1.13% | ₹ 4.84 | Others |
| Indian Bank | 1.10% | ₹ 4.64 | Finance - Banks - Public Sector |
| Union Bank of India | 1.06% | ₹ 4.49 | Finance - Banks - Public Sector |
| Piramal Finance Limited | 0.99% | ₹ 4.17 | Non-Banking Financial Company (NBFC) |
| PNB Housing Finance Limited | 0.97% | ₹ 4.10 | Finance - Housing |
| ICICI Lombard General Insurance Company Limited | 0.75% | ₹ 3.16 | Finance - Non Life Insurance |
| Prudent Corporate Advisory Services Limited | 0.70% | ₹ 2.97 | Finance & Investments |
| DCB Bank Limited | 0.68% | ₹ 2.88 | Finance - Banks - Private Sector |
| Aadhar Housing Finance Limited | 0.65% | ₹ 2.75 | Finance - Housing |
| Repco Home Finance Limited | 0.55% | ₹ 2.33 | Finance - Housing |
| PB Fintech Limited | 0.49% | ₹ 2.07 | Financial Technologies (Fintech) |
| BSE Limited | 0.31% | ₹ 1.30 | Exchange Platform |
Returns
| Annualised returns | ||||
|---|---|---|---|---|
| 9M | 1Y | 2Y | 3Y | |
| Fund returns | - | - | - | - |
| Category returns | -8.43% | -0.15% | 4.50% | 20.57% |
Fund Objective
The objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity related securities of companies engaged in the banking and financial services ... Read more
AMC Details
Name
Mahindra Manulife Investment Management Pvt. Ltd.
Date of Incorporation
04 Feb 2016
CEO
Mr. Anthony Heredia
CIO
Mr. Rahul Pal, Mr. Krishna Sanghavi
Type
Pvt.Sector-Joint Venture (Indian)
Address
1st Floor, Sadhana House,
Behind Mahindra Tower,
570 P. B. Marg,
Worli, Mumbai, Maharashtra, India - 400018
Website
http://www.mahindramutualfund.com
Email
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FAQs
What is the current NAV of Mahindra Manulife Banking & Financial Services Fund - Direct Plan IDCW?
The current Net Asset Value (NAV) of Mahindra Manulife Banking & Financial Services Fund - Direct Plan IDCW is ₹9.41 as of 30 Mar 2026. NAV represents the per-unit market value of the fund and is updated daily based on the closing prices of the underlying securities.
What is the fund size (AUM) of Mahindra Manulife Banking & Financial Services Fund - Direct Plan IDCW?
The Assets Under Management (AUM) of Mahindra Manulife Banking & Financial Services Fund - Direct Plan IDCW is ₹422.70 Crores. AUM indicates the total market value of assets managed by the fund and reflects investor confidence and fund popularity.
What are the historical returns of Mahindra Manulife Banking & Financial Services Fund - Direct Plan IDCW?
Mahindra Manulife Banking & Financial Services Fund - Direct Plan IDCW has delivered returns of 0.00% (1 Year), 0.00% (3 Year), 0.00% (5 Year). Past performance does not guarantee future results, and investors should consider their risk appetite before investing.
What is the risk level of Mahindra Manulife Banking & Financial Services Fund - Direct Plan IDCW?
Mahindra Manulife Banking & Financial Services Fund - Direct Plan IDCW has a risk rating of 'Very High' as per the SEBI Riskometer. This indicates the fund is suitable for very aggressive investors comfortable with significant market volatility. Investors should align their investment choices with their personal risk tolerance and financial goals.
What is the minimum investment amount for Mahindra Manulife Banking & Financial Services Fund - Direct Plan IDCW?
The minimum lumpsum investment required for Mahindra Manulife Banking & Financial Services Fund - Direct Plan IDCW is ₹1,000. The fund also offers SIP (Systematic Investment Plan) option starting from as low as ₹500, making it accessible for regular investments. This allows investors to start their mutual fund journey with a manageable amount.
Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article
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