
Mahindra Manulife Equity Savings Fund Direct Growth
Mahindra Manulife Equity Savings Fund Direct Growth
as on 06 Nov 2026
Mahindra Manulife Equity Savings Fund Direct Growth is a Hybrid mutual fund scheme launched on 01 Feb 2017. The current NAV stands at ₹26.0296 as of 06 Nov 2026. From the funds total AUM, its top holdings include Net Receivables / (Payables) at 30.09%, Future on BANK Index at 8.28%, ICICI Bank at 5.52%, HDFC Bank at 4.49%, Bajaj Finance at 4.48%
Scheme Overview
- Inception Date : 01 Feb 2017
- AUM : ₹519.23 Cr
- 5Y Returns (CAGR) : 8.43%
- Expense Ratio : 1.24%
- Min. SIP : ₹500
- Min. Lumpsum : ₹1,000
Returns Calculator
basis annualised returns
Investment Type
SIP Amount
Investment Period
5Y
₹ 32.73 L
3.50%
₹ 36.98 L
8.00%
₹ 37.41 L
8.43%
Total Investment
₹ 30,00,000
Returns
₹ 7,41,415 (8.43%)
Maturity Value
₹ 37,41,415
Disclaimer: Fixed deposits offer guaranteed returns. Mutual fund investments carry market risks; read all scheme-related documents carefully. Past performance does not guarantee future returns.
Direct vs Regular Returns
Sorry, No Data Available at this Moment!
Returns vs Category
Sorry, No Data Available at this Moment!
*The above returns are absolute
Returns Vs Nifty 50
Historical Returns
Sorry, No Data Available at this Moment!
Start SIP with as Low as ₹100.
Historical NAV
Sorry, No Data Available at this Moment!
Asset Allocation
AUM
₹ 519.23 Cr
Cash Holding
-
Equity
-
Cash
-
Debt
-
Other
-
Asset Allocation
AUM
₹519.23 Cr
Cash Holding
-
Equity
-
Cash
-
Debt
-
Other
-
Sector Holdings
as of 31 May 2026
| Sectors | Allocation | Weightage | Value (in Cr.) |
|---|---|---|---|
| Other | 32.85% | ||
| Financial Services | 22.82% | ||
| Basic Materials | 10.22% | ||
| Consumer Cyclical | 7.29% | ||
| Industrials | 6.15% | ||
| Healthcare | 5.35% | ||
| Energy | 4.74% | ||
| Real Estate | 3.44% | ||
| Utilities | 2.09% | ||
| Technology | 1.81% | ||
| Consumer Defensive | 1.73% | ||
| Communication Services | 1.53% |
Stock Holdings
as of 31 May 2026
| Name | Allocation | Weightage |
|---|---|---|
![]() N Net Receivables / (Payables) | 30.09% | |
![]() F Future on BANK Index | 8.28% | |
![]() I ICICI Bank | 5.52% | |
![]() H HDFC Bank | 4.49% | |
![]() B Bajaj Finance | 4.48% | |
![]() A Ambuja Cements Limited June 2026 Future | 4.43% | |
![]() A Ambuja Cements | 4.41% | |
![]() R Reliance Industries | 4.13% | |
![]() B Bajaj Finance Limited June 2026 Future | 3.95% | |
![]() B BTL-7.40%-01022029-NCD | 3.72% | |
![]() S Sun Pharmaceutical | 3.34% | |
![]() T Triparty Repo | 3.01% | |
![]() N NABARD-7.48%-15092028-NCD | 2.83% | |
![]() S Sun Pharmaceutical Industries Limited June 2026 Future | 2.65% | |
![]() R Reliance Industries Limited June 2026 Future | 2.53% | |
![]() M Mahindra & Mahindra | 2.51% | |
![]() L Larsen & Toubro | 2.26% | |
![]() M Mahindra & Mahindra Limited June 2026 Future | 1.96% | |
![]() R Rural Electrification Corporation Limited | 1.94% | |
![]() G GOI LOAN 6.94% 2036 | 1.90% | |
![]() 0 09/07/2026 Maturing 182 DTB | 1.89% | |
![]() N NABARD-7.44%-24022028-NCD | 1.89% | |
![]() C Canara Bank | 1.88% | |
![]() J Jindal Steel Limited June 2026 Future | 1.73% | |
![]() J Jindal Steel | 1.71% | |
![]() B Bharti Airtel | 1.53% | |
![]() B Brookfield India Real Estate Trust | 1.52% | |
![]() L Larsen & Toubro Limited June 2026 Future | 1.51% | |
![]() C Canara Bank | 1.29% | |
![]() K Kotak Bank | 1.29% | |
![]() E Embassy Office Parks REIT | 1.11% | |
![]() D Divis Laboratories | 1.08% | |
![]() A Axis Bank | 1.03% | |
![]() S State Bank of India | 1.00% | |
![]() M Mahindra Manu Liquid Dir Gr | 1.00% | |
![]() T TVS Credit Services Limited | 0.97% | |
![]() N National Bank For Agriculture And Rural Development | 0.96% | |
![]() B BTL-8.75%-05112028-NCD | 0.96% | |
![]() G GOI LOAN 6.75% 2029 | 0.95% | |
![]() S SIDBI-7.75%-10062027-NCD | 0.95% | |
![]() P PFCL-7.45%-15072028-NCD | 0.95% | |
![]() S SIDBI-7.34%-26022029-NCD | 0.94% | |
![]() G GOI TBILL 364D-23/10/26 | 0.93% | |
![]() N NTPC | 0.85% | |
![]() A Aditya Vision | 0.83% | |
![]() N Nexus Select Trust REIT | 0.81% | |
![]() L LG Balakrishnan & Bros | 0.80% | |
![]() G Godrej Properties Limited | 0.76% | |
![]()
SPR Auto Technologies | 0.72% | |
![]() C Coromandel International | 0.69% | |
![]() T Tech Mahindra | 0.67% | |
![]() T Titan Company Limited June 2026 Future | 0.67% | |
![]() G GIL-8.42%-27122027-NCD | 0.67% | |
![]() T Titan | 0.66% | |
![]() A Acutaas Chemicals | 0.66% | |
![]() H Hindalco Industries | 0.63% | |
![]() R Raajmarg Infra Investment Trust | 0.62% | |
![]() I ITC | 0.61% | |
![]() I Infosys | 0.59% | |
![]() T Tega Industries | 0.59% | |
![]() T Tata Steel | 0.58% | |
![]() P PFL-9.12%-06082027-NCD | 0.57% | |
![]() C CIFCL MARKET LKD 2029 | 0.57% | |
![]() P PTC Industries | 0.54% | |
![]() P Persistent Systems | 0.54% | |
![]() I INOX India | 0.53% | |
![]() O Oil & Natural Gas Corporation | 0.52% | |
![]() S SP Apparels | 0.52% | |
![]() C Carborundum Universal | 0.51% | |
![]() S Shriram Finance | 0.49% | |
![]() G Grasim Industries | 0.49% | |
![]() G Gland Pharma | 0.48% | |
![]() S SDL MH 7.63% 2036 | 0.47% | |
![]() N Nippon Life India AMC | 0.46% | |
![]() E Eternal | 0.46% | |
![]() A Anthem Biosciences | 0.45% | |
![]() T Technocraft Industries | 0.45% | |
![]() G GOI LOAN 6.68% 2040 | 0.45% | |
![]() I Isgec Heavy Engineering | 0.44% | |
![]() G GAIL | 0.43% | |
![]() T Tata Consumer Products | 0.42% | |
![]() F Future on Bank of Baroda | 0.42% | |
![]() K Kirloskar Brothers | 0.42% | |
![]() B Bank of Baroda | 0.42% | |
![]() H Hindustan Aeronautics | 0.41% | |
![]() P Power Grid Corporation of India | 0.40% | |
![]() L L&T Finance | 0.40% | |
![]() T Tata Power | 0.40% | |
![]() M MFL TBILL LKD 2029 | 0.40% | |
![]() M Maruti Suzuki | 0.40% | |
![]() S SBI Life Insurance | 0.40% | |
![]() K KPR Mill | 0.38% | |
![]() J JK Cement | 0.37% | |
![]() H Hindustan Unilever | 0.36% | |
![]() S Shree Cement | 0.36% | |
![]() U Union Bank of India | 0.35% | |
![]() T Triveni Engineering & Industries | 0.33% | |
![]() A Archean Chemical Industries | 0.33% | |
![]() H Hindustan Petroleum Corporation Limited June 2026 Future | 0.09% | |
![]() H Hindustan Petroleum | 0.09% | |
![]() M Margin Placed With Ccil & Arcl | 0.08% | |
![]() H Hindalco Industries Limited June 2026 Future | 0.06% | |
![]() R Rural Electrification Corporation Limited | 0.00% | |
![]() M MFL-8.97%-18012027-NCD | 0.00% | |
![]() S Small Industries Development Bank Of India | 0.00% | |
![]() G GOI LOAN 6.33% 2035 | 0.00% | |
![]() H HDFC Bank Limited | 0.00% | |
![]() S SRF | 0.00% |
Fund Comparison
Fund Details
52W High NAV
₹ 26.0296
Min. SIP Amount
₹ 500.00
Min. Lumpsum Amount
₹ 1,000.00
AUM (in Cr.)
₹ 519.23
Expense Ratio
1.24%
Lock-in Period
No Lock in Period
52W Low NAV
₹ 24.0643
Inception Date
01 Feb 2017
Fund Age
9 Yrs
Benchmark
NIFTY Equity Savings Index TRI
Scheme Type
Open Ended
Stamp Duty
0.005% (from July 1st 2020)
Exit Load
- Exit load for units in excess of 10% of the investment,1% will be charged for redemption within 15 days.
Tax Implication
- If you redeem within 1 year, STCG are taxed at 20%; If you redeem after 1 year, and returns exceed ₹1.25 Lakhs in a financial year, LTCG are taxed at 12.5%
Fund Managers
| Name | Qualification |
|---|---|
| Rahul Pal | B.com., CA |
| Kush Sonigara | B.Com(FM), FRM |
| Renjith Sivaram | MBA (Finance) &, B-Tech (Mechanical Engineering) |
| Navin Matta | PGDBA |
Fund Objective
The Scheme seeks to generate long term capital appreciation and also income through investments in equity and equity related instruments, arbitrage opportunities and investments in debt and money market instruments. However, there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.
Risk-O-Meter
Investors understand that their principal will be at
Moderately High Risk
Risk Scale
Low
Moderately Low
Moderate
Moderately High
High
Very High
AMC Information
Mahindra Manulife Mutual Fund
No. of Schemes
26
Total AUM
₹ 37,737.76 Cr
Contact Details
No. 204, 2nd Floor, Amiti Building,Piramal Agastya Corporate ParkLBS Road, Kurla(w), Mumbai 400070
Contact Details
No. 204, 2nd Floor, Amiti Building,Piramal Agastya Corporate ParkLBS Road, Kurla(w), Mumbai 400070
FAQs
When was Mahindra Manulife Equity Savings Fund launched?
What is the current NAV of Mahindra Manulife Equity Savings Fund?
What is the AUM of Mahindra Manulife Equity Savings Fund?
What is the rate of return of Mahindra Manulife Equity Savings Fund?
- In the past 1Y: 5.50%
- In the past 3Y: 9.88%
- In the past 5Y: 8.43%
What is the expense ratio of Mahindra Manulife Equity Savings Fund?
What is exit load of Mahindra Manulife Equity Savings Fund?
What is the portfolio of Mahindra Manulife Equity Savings Fund?
- ICICI Bank: 5.52%
- HDFC Bank: 4.49%
- Bajaj Finance: 4.48%
- Ambuja Cements: 4.41%
- Reliance Industries: 4.13%
Top 3 sectoral holdings include:
- Others: 89.41%
- Financial Services: 22.82%
- Basic Materials: 10.22%
How risky is investing in Mahindra Manulife Equity Savings Fund?
Who is the fund manager Mahindra Manulife Equity Savings Fund?
What is the minimum investment required in Mahindra Manulife Equity Savings Fund?
How to invest in Mahindra Manulife Equity Savings Fund directly?
- Open Demat Account on Dhan if you don't have one.
- Analyze the fund performance.
- Invest via SIP or Lumpsum.

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