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Mahindra Manulife Business Cycle Fund Direct-idcw
Mid Cap
Very High Risk
Latest AUM
₹ 1,336.7 Cr.
NAV as on 03 aug, 2026
₹ 14.45
+20.58%
3 years annulised
This Fund
Fund Details
Fund Names
Mahindra Manulife Business Cycle Fund Direct-idcw
Inception Date
11 Sep 2023
Lock In
No Lock-in
SIP Minimum Investment amount
₹500
SWP Minimum Investment amount
₹500
STP Minimum Investment amount
₹500
Risk
Principal at very high risk
Portfolio Composition Analysis
Equity
98.53%
Debt
0.02%
Cash
1.45%
Portfolio Updated on: 09 Jul, 2026
Sector Allocations
Equity
Financial
Technology
Energy & Utilities
Materials
Consumer Discretionary
Healthcare
Consumer Staples
Industrials
Portfolio Updated on: 03 aug, 2026
Top 10 Holdings
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| Reliance Industries Ltd | Energy & Utilities | Equity | 5.05% |
| Reliance Industries Ltd | Energy & Utilities | Equity | 5.05% |
| Reliance Industries Ltd | Energy & Utilities | Equity | 4.84% |
| Reliance Industries Ltd | Energy & Utilities | Equity | 4.84% |
| State Bank of India | Financial | Equity | 4.80% |
| Reliance Industries Ltd | Energy & Utilities | Equity | 4.74% |
| Reliance Industries Ltd | Energy & Utilities | Equity | 4.59% |
| Reliance Industries Ltd | Energy & Utilities | Equity | 4.65% |
| Reliance Industries Ltd | Energy & Utilities | Equity | 4.70% |
| State Bank of India | Financial | Equity | 4.33% |
Returns Analysis
| Tenure | Absolute | Annualised | Category Average |
|---|---|---|---|
| 3 Months | 4.98% | NA | NA |
| 6 Months | 5.10% | NA | NA |
| 9 Months | 6.56% | NA | NA |
| 1 Year | 14.74% | 14.74% | NA |
| 2 Years | 7.85% | 3.85% | NA |
Launched on 11 Sep 2023, the fund aims Long term capital appreciation, Investment predominantly in equity & equity related instruments of business cycle based theme. It manages assets worth ₹1,336.7 crore as on Tue Jun 30, 2026. The expense ratio stands at 0.91%.
Vishal Jajoo has experience Prior to joining Mahindra Manulife AMC, he has worked with ITI Mutual Fund and Tata Investment Corporation Ltd
Krishna Sanghavi has experience Prior to joining Mahindra Manulife Investment Management Pvt. Ltd., he has worked with Canara Robeco AMC, Kotak Mahindra AMC Ltd. and Kotak Life Insurance, Aviva Life Insurance Company Ltd..
Renjith Sivaram Radhakrishnan has experience Prior to joining Mahindra Manulife Mutual Fund, he was associated with ICCI Securities, Antique Stock Broking, B&K Securities and Indian Seamless Steels and Alloys Ltd
Top Performing Mutual Funds
| Fund name | |||||||
|---|---|---|---|---|---|---|---|
| ICICI Prudential Business Cycle Fund Direct-growth | 16,137.5 | +0.68% | +2.58% | -0.23% | +3.58% | +16.71% | +17.76% |
| ICICI Prudential Business Cycle Fund Direct-idcw | 16,137.5 | +0.68% | +2.58% | -0.23% | +3.58% | +16.71% | +17.76% |
| ICICI Prudential Business Cycle Fund-growth | 16,137.5 | +0.61% | +2.34% | -0.72% | +2.59% | +15.58% | +16.45% |
| ICICI Prudential Business Cycle Fund-idcw | 16,137.5 | +0.61% | +2.34% | -0.72% | +2.59% | +15.58% | +16.45% |
| HSBC Business Cycles Fund Direct-growth | 1,182.7 | +1.48% | +4.44% | +7.31% | +3.11% | +17.09% | +16.29% |
| HSBC Business Cycles Fund Direct-idcw | 1,182.7 | +1.48% | +4.44% | +7.31% | +3.11% | +17.09% | +16.29% |
| HSBC Business Cycles Fund Regular-growth | 1,182.7 | +1.38% | +4.12% | +6.67% | +1.90% | +15.79% | +15.01% |
| HSBC Business Cycles Fund Regular-idcw | 1,182.7 | +1.38% | +4.12% | +6.67% | +1.90% | +15.79% | +15.01% |
growth is based on 1-month returns of the funds & Top fund are based on 3Y Returns
More Funds from Mahindra Manulife Mutual Fund
| Fund name | |||||||
|---|---|---|---|---|---|---|---|
| Mahindra Manulife Business Cycle Fund Direct-growth | 1,336.7 | +2.09% | +4.98% | +5.10% | +14.74% | — | — |
| Mahindra Manulife Business Cycle Fund Regular-growth | 1,336.7 | +1.95% | +4.56% | +4.29% | +12.94% | — | — |
| Mahindra Manulife Business Cycle Fund Regular-idcw | 1,336.7 | +1.95% | +4.56% | +4.29% | +12.94% | — | — |
growth is based on 1-month returns of the funds
Top Mutual Funds
| Fund name | |||||||
|---|---|---|---|---|---|---|---|
| ICICI Prudential Business Cycle Fund Direct-growth | 16,137.5 | +0.68% | +2.58% | -0.23% | +3.58% | +16.71% | +17.76% |
| ICICI Prudential Business Cycle Fund-growth | 16,137.5 | +0.61% | +2.34% | -0.72% | +2.59% | +15.58% | +16.45% |
| ICICI Prudential Business Cycle Fund Direct-idcw | 16,137.5 | +0.68% | +2.58% | -0.23% | +3.58% | +16.71% | +17.76% |
| ICICI Prudential Business Cycle Fund-idcw | 16,137.5 | +0.61% | +2.34% | -0.72% | +2.59% | +15.58% | +16.45% |
| Kotak Business Cycle Fund Direct-growth | 3,302.3 | +2.18% | +10.52% | +8.72% | +10.22% | +17.83% | — |
| Kotak Business Cycle Fund Regular-growth | 3,302.3 | +2.07% | +10.14% | +8.02% | +8.77% | +16.16% | — |
| Kotak Business Cycle Fund Direct-idcw | 3,302.3 | +2.18% | +10.52% | +8.72% | +10.22% | +17.83% | — |
| Kotak Business Cycle Fund Regular-idcw | 3,302.3 | +2.07% | +10.14% | +8.02% | +8.77% | +16.16% | — |
| HDFC Business Cycle Fund Regular-growth | 2,703.4 | +1.53% | +8.80% | +6.30% | +5.53% | +11.70% | — |
| HDFC Business Cycle Fund Direct-growth | 2,703.4 | +1.62% | +9.09% | +6.83% | +6.66% | +13.01% | — |
Top funds are based on Fund AUM
Top Funds
| Fund name | ||||
|---|---|---|---|---|
| Icici Prudential Business Cycle Fund Direct-growth | ₹26.59 | +16.71% | +17.76% | — |
| Icici Prudential Business Cycle Fund Direct-idcw | ₹19.36 | +16.71% | +17.76% | — |
| Icici Prudential Business Cycle Fund-growth | ₹24.93 | +15.58% | +16.45% | — |
| Icici Prudential Business Cycle Fund-idcw | ₹17.82 | +15.58% | +16.45% | — |
| Hsbc Business Cycles Fund Direct-growth | ₹48.44 | +17.09% | +16.29% | — |
| Hsbc Business Cycles Fund Direct-idcw | ₹27.92 | +17.09% | +16.29% | — |
| Hsbc Business Cycles Fund Regular-growth | ₹43.48 | +15.79% | +15.01% | — |
| Hsbc Business Cycles Fund Regular-idcw | ₹25.20 | +15.79% | +15.01% | — |
growth is based on 5Y returns of the funds
Historical NAV
| Date | NAV |
|---|---|
| 03 Aug 2026 | ₹14.45 |
| 31 Jul 2026 | ₹14.24 |
| 30 Jul 2026 | ₹14.15 |
| 29 Jul 2026 | ₹14.19 |
| 28 Jul 2026 | ₹14.05 |
| 27 Jul 2026 | ₹14.11 |
| 24 Jul 2026 | ₹13.97 |
| 23 Jul 2026 | ₹13.97 |
| 22 Jul 2026 | ₹14.11 |
| 21 Jul 2026 | ₹14.30 |
| 20 Jul 2026 | ₹14.27 |
| 17 Jul 2026 | ₹14.20 |
| 16 Jul 2026 | ₹14.15 |
| 15 Jul 2026 | ₹14.16 |
| 14 Jul 2026 | ₹14.12 |
| 13 Jul 2026 | ₹14.21 |
| 10 Jul 2026 | ₹14.19 |
| 09 Jul 2026 | ₹14.00 |
| 08 Jul 2026 | ₹13.91 |
| 07 Jul 2026 | ₹14.16 |
| 06 Jul 2026 | ₹14.22 |
| 03 Jul 2026 | ₹14.16 |
| 02 Jul 2026 | ₹14.15 |
| 01 Jul 2026 | ₹14.06 |
| 30 Jun 2026 | ₹14.03 |
| 29 Jun 2026 | ₹13.97 |
| 25 Jun 2026 | ₹14.03 |
| 24 Jun 2026 | ₹14.09 |
| 23 Jun 2026 | ₹14.00 |
| 22 Jun 2026 | ₹14.16 |
Portfolio Updated on: 04 Aug, 2026
Fund Growth & Size Analysis
+₹1,336.7 Cr
Since Launch
This Fund
Category Average
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Mahindra Manulife Business Cycle Fund Direct-idcw Returns Comparison
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