
Mahindra Manulife Multi Asset Allocation Fund Direct Growth
Mahindra Manulife Multi Asset Allocation Fund Direct Growth
as on 04 Nov 2026
Mahindra Manulife Multi Asset Allocation Fund Direct Growth is a Hybrid mutual fund scheme launched on 13 Mar 2024. The current NAV stands at ₹14.2133 as of 04 Nov 2026. From the funds total AUM, its top holdings include ICICI Pru Gold ETF at 9.84%, ICICI Securities Limited at 4.45%, HDFC Bank at 3.66%, Triparty Repo at 3.21%, ICICI Bank at 2.80%
Scheme Overview
- Inception Date : 13 Mar 2024
- AUM : ₹1,214.04 Cr
- 1Y Returns (CAGR) : 5.14%
- Expense Ratio : 0.57%
- Min. SIP : ₹500
- Min. Lumpsum : ₹1,000
Returns Calculator
basis annualised returns
Investment Type
SIP Amount
Investment Period
1Y
₹ 6.10 L
3.50%
₹ 6.27 L
8.00%
₹ 6.17 L
5.14%
Total Investment
₹ 6,00,000
Returns
₹ 16,970 (5.14%)
Maturity Value
₹ 6,16,970
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
₹ 1,214.04 Cr
Cash Holding
-
Equity
-
Cash
-
Debt
-
Other
-
Asset Allocation
AUM
₹1,214.04 Cr
Cash Holding
-
Equity
-
Cash
-
Debt
-
Other
-
Sector Holdings
as of 31 May 2026
| Sectors | Allocation | Weightage | Value (in Cr.) |
|---|---|---|---|
| Other | 42.78% | ||
| Financial Services | 15.12% | ||
| Basic Materials | 6.68% | ||
| Consumer Cyclical | 6.57% | ||
| Industrials | 6.33% | ||
| Healthcare | 4.12% | ||
| Real Estate | 3.83% | ||
| Utilities | 3.66% | ||
| Technology | 3.14% | ||
| Energy | 3.11% | ||
| Communication Services | 2.35% | ||
| Consumer Defensive | 2.29% |
Stock Holdings
as of 31 May 2026
| Name | Allocation | Weightage |
|---|---|---|
![]() I ICICI Pru Gold ETF | 9.84% | |
![]() I ICICI Securities Limited | 4.45% | |
![]() H HDFC Bank | 3.66% | |
![]() T Triparty Repo | 3.21% | |
![]() I ICICI Bank | 2.80% | |
![]() R Reliance Industries | 2.41% | |
![]() B Bharti Airtel | 2.35% | |
![]() T TVS Credit Services Limited | 2.24% | |
![]() B Brookfield India Real Estate Trust | 2.20% | |
![]() B Bajaj Finance Limited | 2.19% | |
![]() S Shriram Finance Limited | 2.03% | |
![]() S State Bank of India | 1.77% | |
![]() B BTL-7.40%-01022029-NCD | 1.75% | |
![]() D Divis Laboratories | 1.58% | |
![]() A Axis Bank | 1.42% | |
![]() N Nippon Silver ETF (SILVERBEES) | 1.34% | |
![]() P PFCL-7.45%-15072028-NCD | 1.33% | |
![]() B Bajaj Finance Limited | 1.33% | |
![]() S SIDBI-7.34%-26022029-NCD | 1.33% | |
![]() N NHB 7.29% 2031 | 1.32% | |
![]() G GOI LOAN 6.68% 2040 | 1.31% | |
![]() I Infosys | 1.25% | |
![]() A Aditya Vision | 1.24% | |
![]() N NTPC | 1.22% | |
![]() L Larsen & Toubro | 1.15% | |
![]() S Sun Pharmaceutical | 1.13% | |
![]() T Tata Power | 1.13% | |
![]() T Tata Steel | 1.13% | |
![]()
SPR Auto Technologies | 1.10% | |
![]() A Acutaas Chemicals | 1.09% | |
![]() T Tech Mahindra | 1.07% | |
![]() S SDL MH 6.98% 2037 | 1.06% | |
![]() M MFL TBILL LKD 2029 | 1.01% | |
![]() M Mahindra & Mahindra | 0.99% | |
![]() H Hindalco Industries | 0.99% | |
![]() N Net Receivables / (Payables) | 0.97% | |
![]() C Coromandel International | 0.96% | |
![]() E Embassy Office Parks REIT | 0.90% | |
![]() L LIC Housing Finance Ltd | 0.89% | |
![]() H HDFC Bank Ltd. | 0.87% | |
![]() B Bajaj Finance | 0.87% | |
![]() K Kotak Bank | 0.87% | |
![]() E Eternal | 0.83% | |
![]() P Persistent Systems | 0.83% | |
![]() G Grasim Industries | 0.80% | |
![]() L L&T Finance | 0.79% | |
![]() G GIL-8.42%-27122027-NCD | 0.76% | |
![]() S Shriram Finance | 0.75% | |
![]() I INOX India | 0.74% | |
![]() P PTC Industries | 0.73% | |
![]() P Power Grid Corporation of India | 0.73% | |
![]() N Nexus Select Trust REIT | 0.73% | |
![]() A Anthem Biosciences | 0.72% | |
![]() O Oil & Natural Gas Corporation | 0.70% | |
![]() S Shree Cement | 0.70% | |
![]() S SP Apparels | 0.69% | |
![]() G Gland Pharma | 0.69% | |
![]() H Hindustan Aeronautics | 0.68% | |
![]() I ITC | 0.68% | |
![]() T Tata Consumer Products | 0.64% | |
![]() N Nippon Life India AMC | 0.64% | |
![]() C Carborundum Universal | 0.63% | |
![]() I Isgec Heavy Engineering | 0.63% | |
![]() M Maruti Suzuki | 0.62% | |
![]() G GOI LOAN 6.90% 2065 | 0.60% | |
![]() K Kirloskar Brothers | 0.60% | |
![]() T Tega Industries | 0.59% | |
![]() T Technocraft Industries | 0.59% | |
![]() G GAIL | 0.58% | |
![]() R Raajmarg Infra Investment Trust | 0.57% | |
![]() K KPR Mill | 0.56% | |
![]() J JK Cement | 0.55% | |
![]() S SBI Life Insurance | 0.54% | |
![]() L LG Balakrishnan & Bros | 0.52% | |
![]() H Hindustan Unilever | 0.49% | |
![]() T Triveni Engineering & Industries | 0.48% | |
![]() A Archean Chemical Industries | 0.47% | |
![]() C CIFCL MARKET LKD 2029 | 0.47% | |
![]() U Union Bank of India | 0.47% | |
![]() K Kotak Mahindra Investments Limited | 0.45% | |
![]() B Bajaj Finance Limited | 0.44% | |
![]() S SDL MH 7.63% 2036 | 0.44% | |
![]() S SDL MH 7.25% 2037 | 0.43% | |
![]() G GOI LOAN 7.24% 2055 | 0.43% | |
![]() S SFL-7.05%-11102028-NCD | 0.22% | |
![]() M Margin Placed With Ccil & Arcl | 0.06% | |
![]() B Bank of Baroda | 0.00% | |
![]() 3 360 One Prime Limited | 0.00% | |
![]() N NABARD-7.48%-15092028-NCD | 0.00% | |
![]() M MFL-8.9%-07102027-NCD | 0.00% | |
![]() S Small Industries Development Bank Of India | 0.00% | |
![]() U Union Bank Of India | 0.00% | |
![]() S SRF | 0.00% |
Fund Comparison
Fund Details
52W High NAV
₹ 14.6853
Min. SIP Amount
₹ 500.00
Min. Lumpsum Amount
₹ 1,000.00
AUM (in Cr.)
₹ 1,214.04
Expense Ratio
0.57%
Lock-in Period
No Lock in Period
52W Low NAV
₹ 13.0048
Inception Date
13 Mar 2024
Fund Age
2 Yrs
Benchmark
45% NIFTY 500 TRI + 40% CRISIL Composite Bond Ind
Scheme Type
Open Ended
Stamp Duty
0.005% (from July 1st 2020)
Exit Load
- Exit load of 0.5%, if redeemed within 3 months.
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) |
Fund Objective
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.
Risk-O-Meter
Investors understand that their principal will be at
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 Multi Asset Allocation Fund launched?
What is the current NAV of Mahindra Manulife Multi Asset Allocation Fund?
What is the AUM of Mahindra Manulife Multi Asset Allocation Fund?
What is the rate of return of Mahindra Manulife Multi Asset Allocation Fund?
- In the past 1Y: 5.14%
- In the past 3Y: 0.00%
- In the past 5Y: 0.00%
What is the expense ratio of Mahindra Manulife Multi Asset Allocation Fund?
What is exit load of Mahindra Manulife Multi Asset Allocation Fund?
What is the portfolio of Mahindra Manulife Multi Asset Allocation Fund?
- HDFC Bank: 3.66%
- ICICI Bank: 2.80%
- Reliance Industries: 2.41%
- Bharti Airtel: 2.35%
- State Bank of India: 1.77%
Top 3 sectoral holdings include:
- Others: 42.78%
- Financial Services: 15.12%
- Basic Materials: 6.68%
How risky is investing in Mahindra Manulife Multi Asset Allocation Fund?
Who is the fund manager Mahindra Manulife Multi Asset Allocation Fund?
What is the minimum investment required in Mahindra Manulife Multi Asset Allocation Fund?
How to invest in Mahindra Manulife Multi Asset Allocation 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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