Mahindra Manulife Value Fund Direct Growth NAV today
AMFI: 153303ISIN: INF174V01CI9MUTF_IN: MAHI_MANU_VALU_9UBSNXMahindra Manulife Mutual FundValue funds
NAV ₹11.8479up ₹0.06 (0.52%)
NAV for 27 Oct 2026, against 26 Oct 2026. Declared once a day.
Other plans: Regular IDCW ₹11.5122 · Regular Growth ₹11.5122, 0.52% · Direct IDCW ₹11.8479
- Fund sizeAssets under management. The money the fund manages for all its investors, across every plan, at the end of the month. Assets under management in the glossary
- ₹1,015 CrSep 2026
- Expense ratioTotal expense ratio. What the fund charges each year as a share of the money invested, taken out of the NAV every day, so the returns shown are already after it. Total expense ratio: how it is worked out
- 1.06%23 Oct 2026
- P/EP/E. What the fund pays for each rupee of yearly profit its companies earn: the total value of its shares divided by those companies' last four quarters of profit, each in proportion to what the fund holds. The profit leaves out one-off items (exceptional items and businesses sold or demerged), so one company's one-off gain cannot pull the fund's P/E down. A loss-making company lowers the profit. Shown when at least 80% of the fund's shares are counted. P/E in the glossary
- 20.730 Sep 2026
- Risk levelRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month. Riskometer in the glossary
- Very HighAug 2026
- HoldingsHoldings. The number of different securities in the fund's latest monthly portfolio: shares, bonds, money market paper and units of other funds, not cash, overnight lending or futures. Holdings in the glossary
- 6830 Sep 2026
- LaunchedLaunch date. The day the fund first allotted units to investors, at the close of its new fund offer. Launch date in the glossary
- 3 Mar 2025
Mahindra Manulife Value Fund returns
Direct Growth plan
Over each window to 27 Oct 2026
| Over | Direct GrowthTrailing return. The change in NAV from the start date to the latest NAV; over a year and longer, the yearly rate that would compound to the same change (CAGR). Trailing return: how it is worked out | Regular Growth | BenchmarkBenchmark. The index the fund house chose to measure the fund against, in its total return form, with dividends added back. Benchmark in the glossary | Rank in categoryRank in category. The fund's place among the funds of its category with a return over the same window, highest return first. Rank in category in the glossary | Category medianCategory median. The middle return of the funds in the category over the same window: half returned more, half less. Category median in the glossary | Middle halfMiddle half of the category. The returns of the fund a quarter of the way down the category and the fund a quarter of the way up, over the same window: half the category's funds returned between the two. Middle half of the category in the glossary |
|---|---|---|---|---|---|---|
| 1 week | −2.76% | −2.79% | −1.38% | – | – | – |
| 1 month | −6.71% | −6.83% | −3.81% | 21 of 24 | −4.24% | −5.5% to −3.5% |
| 3 months | −7.26% | −7.61% | −5.95% | 19 of 22 | −5.37% | −6.0% to −4.7% |
| 6 months | −4.62% | −5.39% | −4.14% | 14 of 22 | −4.01% | −5.8% to −2.3% |
| 1 year | −0.51% | −2.18% | −8.03% | 6 of 22 | −7.02% | −9.4% to −0.8% |
| 3 years | Needs 3 years | – | – | – | +11.53% | +10.2% to +14.3% |
| 5 years | Needs 5 years | – | – | – | +11.10% | +9.9% to +12.0% |
| 10 years | Needs 10 years | – | – | – | +13.29% | +11.4% to +14.2% |
₹10,000 put in on 5 Mar 2025 is ₹11,746 at the NAV of 27 Oct 2026Growth of ₹10,000. What ₹10,000 put in at the NAV of the first day would be worth at the latest NAV, after the fund's expenses and before tax and any exit load. Growth of ₹10,000 in the glossaryOver a year and longer, a return is the yearly rate. Benchmark: Nifty 500 TRI, over the same days as the fund. Rank, median and middle half among the Direct plans of Value funds, each fund's return to its latest NAV on or before 27 Oct 2026.
At the month end, 30 Sep 2026
| Over | Fund | BenchmarkBenchmark return. The change in the benchmark index's total return level over the same dates as the fund's return, as a yearly rate over a year and longer. Benchmark return in the glossary |
|---|---|---|
| 1 year | +9.50% | −2.03% |
| Since launch | +14.59% | +7.88% |
Benchmark: Nifty 500 TRI. Both as the fund house states them for the month.
Return in each year to March
- Fund, Direct GrowthReturn in the year to March. The change in NAV from the last NAV on or before 31 March of one year to the last NAV on or before 31 March of the next. Return in the year to March in the glossary
- Nifty 500 TRI
- Loss
Mahindra Manulife Value Fund SIP returns
₹10,000 on the 1st of every month, valued at the NAV of 27 Oct 2026SIP calculator
| Period | InvestedAmount invested. ₹10,000 on the 1st of every month, or the next day the fund priced, added up over the period. Amount invested in the glossary | Value todayValue today. What the units bought by every instalment are worth at the latest NAV. Value today in the glossary | Invested against value today | SIP returnSIP return (XIRR). The yearly rate that, applied to each monthly instalment from the day it was invested, gives the value of all the units today. SIP return (XIRR) in the glossary | After stamp dutySIP return after stamp duty. The same SIP return with stamp duty of 0.005% taken from every instalment since 1 Jul 2020, so ₹10,000 buys ₹9,999.50 of units. SIP return after stamp duty in the glossary | Stamp dutyStamp duty paid. The stamp duty on all the instalments, in rupees: 0.005% of each purchase made since 1 Jul 2020. Stamp duty paid in the glossary |
|---|---|---|---|---|---|---|
| 1 year12 instalments | ₹1,20,000 | ₹1,15,874₹1,15,868 after stamp duty | −6.45% | −6.46% | ₹6 | |
| Since Mar 202519 instalments | ₹1,90,000 | ₹1,90,429₹1,90,419 after stamp duty | +0.28% | +0.27% | ₹10 |
3 years: Launched 3 Mar 2025, needs 3 years of history.
A SIP that rises every year: Step-up SIP calculator
Mahindra Manulife Value Fund expense ratio and exit load
Per cent of the money invested, a year. Each month shows its last day filed; the parts were redefined from Apr 2026.
- Regular over directDirect and regular plan cost gap. The regular plan's expense ratio less the direct plan's: what buying through a distributor costs each year, since both plans own the same portfolio. Direct and regular plan cost gap in the glossary
- 1.52 ptsA year, on 23 Oct 2026
- Direct, 30-day averageExpense ratio, 30-day average. The total expense ratio averaged over the last 30 days the fund filed it, which evens out the day-to-day moves in brokerage and levies. Expense ratio, 30-day average in the glossary
- 1.05%Over the last 30 days filed
- Regular, 30-day average
- 2.56%Over the last 30 days filed
Total expense ratio, month by month
- Regular plan
- Direct plan
Direct plan highest 2.09%, Apr 2026.Direct plan lowest 0.48%, Nov 2025.
What the expense ratio is made of
| Part | Direct | Regular |
|---|---|---|
| Base expense ratioBase expense ratio. The part of the expense ratio that pays the fund house and the distributor, before brokerage, transaction costs, levies and GST. Base expense ratio in the glossary | 0.59% | 1.93% |
| Brokerage | 0.12% | 0.12% |
| Transaction costs | 0.01% | 0.01% |
| Statutory levies | 0.34% | 0.52% |
Per cent of assets a year, filed for 23 Oct 2026. The parts add up to that day's total.
Exit load, in the fund house's words
Exit load: An Exit Load of 0.5% is payable if Units are redeemed / switched-out up to 3 months from the date of allotment; • Nil if Units are redeemed / switched-out after 3 months from the date of allotment Redemption /Switch-Out of Units would be done on First in First out Basis (FIFO).
Buying and selling
- Lump-sum purchases
- Accepted
- Minimum investmentMinimum investment. The smallest amount the plan accepts for a first purchase. Minimum investment in the glossary
- ₹1,000
- Minimum top-up
- ₹1,000
- Minimum redemption
- ₹1,000
- SIP
- Accepted
- STP, transfers to another fund
- Not accepted
- SWP, regular withdrawals
- Accepted
- Switches
- Accepted
- Lock-inLock-in. The time after each purchase during which those units cannot be sold. Lock-in in the glossary
- None
- SIP minimum
- WeeklyMonthly: 500; Quarterly: 1500
- SIP instalments, at least
- WeeklyMonthly - 6; Quarterly - 4
- SIP dates
- Any Date of the month available under Monthly & Quarterly frequencies. Any day of the Week (except Saturday & Sunday) available under Weekly frequency
As listed for this plan on 27 Oct 2026.
How Mahindra Manulife Value Fund is taxed
Gains on units held over 12 months are taxed at 12.5% above ₹1.25 lakh a year; gains on units held 12 months or less at 20%.
IDCW payouts are added to the holder's income and taxed at the income tax slab rate. The fund deducts 10% tax at source for a resident when its payouts to them in a year counted from April to March are above ₹10,000.
Rules in force from 23 Jul 2024, checked 27 Oct 2026. Surcharge and cess are not included.
Mahindra Manulife Value Fund AUM
₹ crore, every plan of the fund together.
- Average assetsAverage assets under management. The money the fund managed, averaged over every day of the quarter, added up across its plans.
- ₹983 CrQuarter to Sep 2026
- In the direct plansShare of assets in the direct plans. The direct plans' average assets for the quarter as a percentage of the fund's total; the rest is in the regular plans, bought through distributors. Share of assets in the direct plans in the glossary
- 3.9%Of the quarter's average
Average assets by quarter, by plan
- Regular plans
- Direct plans
The latest quarter is the largest since the quarter to Mar 2025.
Assets at each month end
Highest ₹1,029 Cr, Aug 2026.Lowest ₹281 Cr, Mar 2025.
Mahindra Manulife Value Fund portfolio
Portfolio disclosed for 30 Sep 2026.
Holdings on 30 Sep 2026
| Large, mid and small cap. Companies ranked by average market value over six months: the first 100 are large cap, the next 150 mid cap, the rest small cap, by the list in force for the portfolio's month. Large, mid and small cap in the glossary | Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. Weight in the fund in the glossary | Held since. The first month end of the fund's current run of holding this position; marked "or earlier" where that month is the fund's first portfolio on record or the first after a gap in its portfolios. Held since in the glossary | |||
|---|---|---|---|---|---|
| Reliance IndustriesPetroleum Products | Large cap1st | 4.09% | 41.55 | 3,50,000 | Mar 2025or earlier |
| Axis BankBanks | Large cap15th | 3.62% | 36.78 | 3,00,000 | Jun 2026 |
| HDFC BankBanks | Large cap2nd | 3.62% | 36.74 | 5,18,475 | Mar 2026 |
| ICICI BankBanks | Large cap5th | 3.58% | 36.35 | 2,75,000 | Mar 2026 |
| Life Insurance Corporation of IndiaInsurance | Large cap11th | 2.73% | 27.66 | 7,00,000 | Aug 2026 |
| Adani EnterprisesMetals & Minerals Trading | Large cap28th | 2.40% | 24.37 | 83,934 | May 2026 |
| Jindal SawIndustrial Products | Small cap471st | 2.37% | 24.02 | 8,65,000 | Jan 2026 |
| Oil IndiaOil | Mid cap140th | 2.25% | 22.86 | 5,09,466 | Jul 2026 |
| Vodafone IdeaTelecom - Services | Large cap83rd | 2.21% | 22.43 | 1,73,21,783 | Jan 2026 |
| Bandhan BankBanks | Small cap277th | 2.12% | 21.48 | 12,05,000 | Jan 2026 |
| JSW EnergyPower | Mid cap121st | 2.07% | 21.02 | 4,25,000 | Mar 2025or earlier |
| IndusInd BankBanks | Mid cap152nd | 2.01% | 20.37 | 2,25,980 | Oct 2025 |
| Ambuja CementsCement & Cement Products | Large cap90th | 1.96% | 19.92 | 5,32,500 | Sep 2025 |
| Bajaj AutoAutomobiles | Large cap31st | 1.93% | 19.57 | 18,000 | Apr 2025 |
| Steel Authority of IndiaFerrous Metals | Mid cap153rd | 1.88% | 19.06 | 10,50,000 | Aug 2026 |
Weight is per cent of the fund's net assets; value in ₹ crore.
Cash and receivables on 30 Sep 2026
| Triparty Repo | 1.63% | 16.49 |
| Net Receivables / (Payables) | −0.03% | −0.32 |
| Margin placed with CCIL & ARCL | 0.02% | 0.21 |
Weight is per cent of the fund's net assets; value in ₹ crore.
- Largest holdingLargest holding. The share of the fund in its single largest position, cash and futures not counted as positions. Largest holding in the glossary
- 4.09%Reliance Industries
- Top 5 holdingsTop 5 holdings. The share of the fund held in its five largest positions. Top 5 holdings in the glossary
- 17.65%
- Top 10 holdingsTop 10 holdings. The share of the fund held in its ten largest positions. Top 10 holdings in the glossary
- 29.00%
- Effective holdingsEffective number of holdings. The number of equal-sized positions that would be as concentrated as the fund's actual weights. Effective number of holdings in the glossary
- 53.2Taken over 98.38% of the fund
Asset allocation
Asset allocation. What the fund owns, by kind of asset, each as a share of its net assets; futures and options are shown beside it, not in it, since they are contracts rather than assets bought. Asset allocation in the glossary- Indian shares98.38%
- Cash and receivables1.62%
Per cent of the fund's net assets.
Large, mid and small cap
- Large cap49.15%Category 56.71%
- Mid cap21.92%Category 15.96%
- Small cap27.99%Category 26.14%
Per cent of the fund's Indian shares. By the list for the six months to Jun 2026. Shares not on the list: 0.92% of the fund. Category is the average of 24 Value funds.
Sector allocation
Sector weight. The fund's shares grouped by the business each company is in, less the futures sold on them, each group as a share of the fund's net assets. Sector weight in the glossary16sectors
- Financial Services28.05%Category 30.44%
- Capital Goods11.09%Category 7.07%
- Healthcare8.42%Category 6.88%
- Metals & Mining7.93%Category 2.98%
- Automobile And Auto Components7.68%Category 7.71%
- Oil Gas & Consumable Fuels7.18%Category 5.61%
- Power4.95%Category 3.88%
- Construction Materials4.72%Category 1.51%
- Information Technology4.46%Category 5.78%
- Telecommunication4.07%Category 3.10%
- Construction2.49%Category 2.46%
- Services2.25%Category 1.72%
- Textiles1.41%Category 0.79%
- Fast Moving Consumer Goods1.37%Category 3.98%
- Consumer Durables0.93%Category 1.63%
- Chemicals0.45%Category 1.22%
- Sector not known0.92%Category –
Per cent of the fund's net assets, less the futures sold on its shares, Sep 2026. Category is the average of 24 Value funds. Category average. The sector's weight, less the futures sold on it, averaged over the 24 Value funds that disclosed a portfolio for Sep 2026. A fund holding none of the sector counts as 0.
Sector allocation month by month
| 13 months | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financial Services15 companies | 28.05% | 23.23% | 23.94% | 25.27% | 20.89% | 18.08% | 17.11% | 20.02% | 22.79% | 21.56% | 19.99% | 21.81% | |
| Capital Goods9 companies | 11.09% | 9.86% | 8.06% | 8.32% | 9.13% | 11.58% | 9.81% | 8.13% | 7.72% | 8.66% | 9.55% | 7.95% | |
| Healthcare7 companies | 8.42% | 8.65% | 8.97% | 9.27% | 9.04% | 8.60% | 9.93% | 9.67% | 9.66% | 9.73% | 8.95% | 4.35% | |
| Metals & Mining5 companies | 7.93% | 7.95% | 5.93% | 4.75% | 4.57% | 4.71% | 3.91% | 4.05% | 2.76% | 4.04% | 3.85% | 4.05% | |
| Automobile And Auto Components6 companies | 7.68% | 8.64% | 10.37% | 10.18% | 10.73% | 11.29% | 10.34% | 12.55% | 11.18% | 11.52% | 10.88% | 12.13% | |
| Oil Gas & Consumable Fuels3 companies | 7.18% | 7.95% | 8.09% | 7.29% | 9.46% | 10.45% | 11.66% | 11.10% | 11.32% | 9.76% | 10.76% | 11.27% | |
| Power4 companies | 4.95% | 5.35% | 7.16% | 5.70% | 5.98% | 5.54% | 5.33% | 5.34% | 4.78% | 5.06% | 5.09% | 5.40% | |
| Construction Materials3 companies | 4.72% | 5.00% | 5.51% | 4.98% | 5.37% | 5.09% | 5.07% | 5.66% | 5.92% | 5.94% | 6.15% | 6.71% | |
| Information Technology4 companies | 4.46% | 6.48% | 6.90% | 6.25% | 7.29% | 6.88% | 8.23% | 6.65% | 8.55% | 9.86% | 10.17% | 10.21% | |
| Telecommunication2 companies | 4.07% | 4.33% | 3.78% | 4.22% | 5.28% | 4.50% | 4.74% | 5.13% | 5.21% | 2.58% | 2.61% | 2.51% | |
| Construction2 companies | 2.49% | 3.07% | 1.58% | 1.83% | 1.89% | 1.80% | 0.81% | 0.92% | 0.87% | 1.11% | 0.00% | 0.00% | |
| Services2 companies | 2.25% | 1.95% | 2.20% | 2.13% | 2.15% | 2.63% | 1.58% | 1.70% | 0.00% | 0.00% | 0.00% | 0.00% |
Per cent of the fund's net assets, less the futures sold on its shares, at each month end, Oct 2025 to Sep 2026; the line runs from Sep 2025.
Bought and sold
Sep 2026 against Aug 2026, position by position.
Positions changed, month by month
- New
- Added
- Trimmed
- Sold out
- New positionsNew positions. Holdings in this month's portfolio that were not in the month before. New positions in the glossary
- 33.22% of the fund
- Sold outSold out. Holdings in last month's portfolio that are gone from this one, other than a bond or deposit repaid on its due date. Sold out in the glossary
- 43.05% of the fund before
- Added toAdded to. Holdings with more units than the month before. Where the fund states no units, a weight that rose by more than a tenth. Added to in the glossary
- 9
- TrimmedTrimmed. Holdings with fewer units than the month before. Where the fund states no units, a weight that fell by more than a tenth. Trimmed in the glossary
- 7
- UnchangedUnchanged. Holdings with the same number of units as the month before. Their weight can still move with the price. Unchanged in the glossary
- 49
- Traded at leastTraded at least. The smaller of the weight bought in new positions and the weight sold out of old ones, cash left out: the least the fund must have bought and sold in the month. Traded at least in the glossary
- 3.05%
- Weight that movedWeight that moved. Half the sum of every position's change in weight between the two month ends, new and sold positions included; price moves alone raise it. Weight that moved in the glossary
- 10.59%
Changes in Sep 2026
| What changed. New: not held the month before. Added or trimmed: more or fewer units than the month before, or, where no units are stated, a weight that moved by more than a tenth. Sold out: held the month before, gone now. Matured: a bond or deposit whose repayment date fell between the two portfolios, so it was repaid rather than sold (one sold in its last days reads the same). What changed in the glossary | Change in weight. The holding's weight this month less its weight the month before, in percentage points; a price move alone changes it. Change in weight in the glossary | ||||
|---|---|---|---|---|---|
| HDFC Bank | Added | 3.62% | 1.51% | +2.12 pts | +3,00,000 |
| HBL Engineering | New | 1.40% | 0.00% | +1.40 pts | +1,78,587 |
| Life Insurance Corporation of India | Added | 2.73% | 1.54% | +1.18 pts | +3,20,000 |
| Coforge | Sold out | – | 1.16% | −1.16 pts | −60,000 |
| Axis Bank | Added | 3.62% | 2.53% | +1.10 pts | +1,00,000 |
| HEG Graphite Ltd | New | 0.92% | 0.00% | +0.92 pts | +2,00,000 |
| HDFC Life Insurance Company | New | 0.90% | 0.00% | +0.90 pts | +1,75,000 |
| GAIL (India) | Sold out | – | 0.86% | −0.86 pts | −5,00,000 |
| Reliance Industries | Added | 4.09% | 3.48% | +0.62 pts | +70,000 |
| NBCC (India) | Sold out | – | 0.59% | −0.59 pts | −7,00,000 |
| Bandhan Bank | Added | 2.12% | 1.53% | +0.58 pts | +2,40,000 |
| Infosys | Trimmed | 0.99% | 1.55% | −0.56 pts | −40,000 |
| Alkem Laboratories | Added | 1.62% | 1.08% | +0.54 pts | +11,000 |
| Anthem Biosciences | Trimmed | 0.43% | 0.88% | −0.45 pts | −50,000 |
| Petronet LNG | Sold out | – | 0.44% | −0.44 pts | −1,50,000 |
Weights are per cent of the fund's net assets; a change in weight is in percentage points.
Holdings month by month
| Holding | Oct 25 | Nov 25 | Dec 25 | Jan 26 | Feb 26 | Mar 26 | Apr 26 | May 26 | Jun 26 | Jul 26 | Aug 26 | Sep 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
 Reliance Industries | 4.54%Added | 4.52% | 3.21%Cut | 2.77% | 2.67% | 2.71% | 3.13%Added | 2.70% | 2.46% | 2.90%Added | 3.48%Added | 4.09%Added |
 Axis Bank | 2.93%Cut | 1.02%Cut | 2.50%Added | 1.51%Cut | Sold out | – | – | – | 2.53%Bought again | 1.96%Cut | 2.53%Added | 3.62%Added |
 HDFC Bank | – | – | – | – | – | 2.07%Bought | 2.53%Added | 2.28% | 2.27% | 1.73%Cut | 1.51% | 3.62%Added |
 ICICI Bank | – | – | – | – | – | 2.34%Bought | 2.76%Added | 3.93%Added | 5.01%Added | 4.93% | 3.89%Cut | 3.58% |
 Life Insurance Corporation of India | – | – | – | – | – | – | – | – | – | – | 1.54%Bought | 2.73%Added |
 Adani Enterprises | – | – | – | – | – | – | – | 1.31%Bought | 1.67%Added | 2.67%Added | 2.33% | 2.40% |
 Jindal Saw | – | – | – | 0.95%Bought | 1.31%Added | 1.82%Added | 1.91% | 1.98% | 1.95% | 1.80% | 2.60%Added | 2.37% |
 Oil India | 1.54% | 1.39% | 1.35% | 3.08%Added | 3.09%Added | 3.20% | 1.65%Cut | 1.49% | Sold out | 2.47%Bought again | 2.39% | 2.25% |
 Vodafone Idea | – | – | – | 1.57%Bought | 1.86%Added | 1.58% | 1.83%Added | 2.59%Added | 2.00%Cut | 1.69% | 2.41%Added | 2.21% |
 Bandhan Bank | – | – | – | 1.37%Bought | 1.29%Cut | 1.28%Added | 1.55% | 2.42%Added | 2.21% | 1.77% | 1.53% | 2.12%Added |
 JSW Energy | 1.79% | 1.96%Added | 2.12%Added | 2.13%Added | 2.45%Added | 2.50% | 2.35%Cut | 3.04%Added | 2.78% | 2.49% | 2.15% | 2.07% |
 IndusInd Bank | 1.08%Bought | 2.48%Added | 2.36% | 2.98%Added | 3.06% | 2.54% | 2.66% | 2.49% | 2.34% | 2.42% | 2.23% | 2.01% |
 Ambuja Cements | 1.68%Added | 1.54% | 1.47% | 1.45%Added | 1.36% | 1.15% | 1.53%Added | 1.93%Added | 1.69% | 2.43%Added | 2.08% | 1.96% |
 Bajaj Auto | 3.02% | 2.91% | 2.83% | 2.83% | 2.82% | 2.62% | 2.57% | 2.52% | 2.18% | 2.62%Added | 2.12%Cut | 1.93% |
 Steel Authority of India | – | – | – | – | 1.01%Bought | 0.97% | 1.02% | 0.53%Cut | Sold out | – | 1.71%Bought again | 1.88%Added |
Per cent of the fund's net assets at each month end, Oct 2025 to Sep 2026. Under it, the change on the fund's previous month. "After a gap" is a holding after a month with no portfolio on record, so when it was bought is not known; "Not filed" is one gone across such a gap.
Portfolio turnover, per cent of assets a year
- TurnoverPortfolio turnover. How much of the portfolio the fund bought or sold over the last year, as a share of its assets, as the fund house states it. Portfolio turnover in the glossary
Highest 81.0% in Aug 2026
Risk ratios
NAV to 27 Oct 2026
Each bar runs from the lowest to the highest figure among the Direct plans of Value funds (22 funds) over the same 1 year; the tick is their average and the dot this fund.
How much the NAV moves
Standard deviationStandard deviation. How far the fund's monthly returns spread around their average, stated as a yearly figure: the wider the spread, the more the NAV moves. Standard deviation in the glossary18.10%
12.19%Lowest17.98%Average24.64%Highest
Downside deviationDownside deviation. Standard deviation counting only the months in which the fund lost money, stated as a yearly figure. Downside deviation in the glossary11.80%
8.54%Lowest12.73%Average14.72%Highest
Sharpe ratioSharpe ratio. The monthly return above the 91-day Treasury bill yield, divided by its standard deviation and stated for a year: the extra return for each unit of movement in the NAV. Sharpe ratio in the glossary0.30
−0.73Lowest−0.15Average0.84Highest
Sortino ratioSortino ratio. The monthly return above the 91-day Treasury bill yield, divided by how far it fell below that yield and stated for a year: the extra return for each unit of movement on the way down. Sortino ratio in the glossary0.43
−0.83Lowest−0.14Average1.38Highest
Against Nifty 500 TRI
BetaBeta. How much the fund's monthly return moved for each 1% move in its benchmark: 1 moves with it, below 1 moves less. Beta in the glossary0.97
0.63Lowest0.95Average1.15Highest
AlphaAlpha. The yearly return the fund made beyond what its beta to the benchmark accounts for. Alpha in the glossary+11.27 pts
−5.95 ptsLowest+4.46 ptsAverage of 17 funds+24.34 ptsHighest
R-squaredR-squared. The share of the fund's monthly movement that its benchmark's movement explains, from 0 to 100. R-squared in the glossary97.1
74.9Lowest94.6Average99.0Highest
CorrelationCorrelation. How closely the fund's monthly returns moved in step with its benchmark's, from minus 1 (always opposite) to 1 (always together). Correlation in the glossary0.99
0.87Lowest0.97Average0.99Highest
Upside captureUpside capture. The fund's return in the months its benchmark rose, as a percentage of the benchmark's return in those months. Upside capture in the glossary120.4%
62.8%Lowest101.9%Average170.1%Highest
Downside captureDownside capture. The fund's return in the months its benchmark fell, as a percentage of the benchmark's fall in those months. Downside capture in the glossaryNeeds 6 falling months
Information ratioInformation ratio. The fund's return above its benchmark, divided by how much that difference varied, as stated by the fund house. Information ratio in the glossaryTo 30 Sep 20262.68
Largest falls
| Largest over | FallLargest fall. The biggest drop in NAV from a high to the low that followed, before the NAV went back above that high. Largest fall in the glossary | High on | Low on | Back at the highBack at the high. The first day the NAV closed at or above the high it had fallen from. Back at the high in the glossary |
|---|---|---|---|---|
| 1 year and since Mar 2025 | −11.49% | 11 Feb 2026 | 31 Mar 2026 | 22 Apr 2026 |
Risk level by month
| Months | Fund | BenchmarkBenchmark's risk level. The riskometer level of the fund's benchmark index for the same month, on the same six-step scale as the fund's own. Benchmark's risk level in the glossary |
|---|---|---|
| Mar 2025 to Aug 202618 months | Very High | Very HighNifty 500 TRI |
The riskometer at each month end, the fund's and its benchmark's. A month with none on record is left out.
Mahindra Manulife Value Fund managers
Managers now
| Manager | Return in the manager's time. The change in the plan's NAV from the day the manager took the fund over to the latest NAV; past a year, the yearly rate that would compound to the same change. Return in the manager's time in the glossary | Benchmark over the same days. The change in the fund's benchmark index over the same days as the manager's return, worked out the same way, with the dividends of the index's companies added back. Benchmark over the same days in the glossary | Difference from the benchmark. The fund's return in the manager's time less its benchmark's over the same days, in percentage points. Difference from the benchmark in the glossary | Portfolio changed after the handover. How much of the portfolio was different three months after the manager took over: half the sum of every holding's change in weight, with each side's holdings scaled to add up to 100 so a move into cash does not count. Portfolio changed after the handover in the glossary | Portfolio changed before the handover. The same measure over the three months before the manager took over, since portfolios change anyway. Portfolio changed before the handover in the glossary | Assets the manager runs. The latest monthly size of every fund the manager runs now, added up; a fund run with others counts in full for each of its managers, and the line under it counts only the funds they run alone. Assets the manager runs in the glossary | ||
|---|---|---|---|---|---|---|---|---|
| Krishna SanghaviPrimary | Mar 2025 | +9.94%a year | +5.05% | +4.89 pts | – | – | 5 | ₹14,667 Cr |
| Vishal JajooComanage | Mar 2025 | +9.94%a year | +5.05% | +4.89 pts | – | – | 3 | ₹11,271 Cr |
Returns are the direct plan's growth NAV, from the day each took over to the latest NAV, beside the benchmark over the same days.
Other funds they run
| Fund | |||||
|---|---|---|---|---|---|
| Mahindra Manulife Small Cap FundKrishna Sanghavi | Oct 2024 | +3.08%a year | – | – | ₹5,373 Cr |
| Mahindra Manulife Mid Cap FundKrishna Sanghavi | Oct 2024 | −0.05%a year | +0.31% | −0.35 pts | ₹5,058 Cr |
| Mahindra Manulife Focused FundKrishna Sanghavi | Nov 2020 | +18.49%a year | +14.10% | +4.39 pts | ₹1,930 Cr |
| Mahindra Manulife Business Cycle FundKrishna Sanghavi | Sep 2023 | +13.74%a year | +7.94% | +5.80 pts | ₹1,291 Cr |
| Mahindra Manulife Multi Cap FundVishal Jajoo | Nov 2025 | +0.80%over 357 days | −7.23% | +8.03 pts | ₹7,457 Cr |
| Mahindra Manulife Aggressive Hybrid FundVishal Jajoo | Jul 2026 | −7.38%over 97 days | – | – | ₹2,798 Cr |
The ten largest by assets, by manager. Returns are the direct plan's.
Portfolio overlap
Funds holding the most of the same securities, by weight.
Closest funds in the category
| Portfolio overlap. The share of the two funds' portfolios that is the same: for every holding they share, the smaller of its two weights, added up. Portfolio overlap in the glossary | Shared holdings. The number of securities both funds hold, cash and futures left out. Shared holdings in the glossary | |
|---|---|---|
| Union Value FundUnion Mutual Fund | 33.56% | 23 |
| Sundaram Value FundSundaram Mutual Fund | 32.90% | 20 |
| Aditya Birla Sun Life Value FundAditya Birla Sun Life Mutual Fund | 30.34% | 20 |
| Baroda BNP Paribas Value FundBaroda BNP Paribas Mutual Fund | 29.35% | 19 |
| Templeton India Value FundFranklin Templeton Mutual Fund | 27.93% | 16 |
| ITI Value FundITI Mutual Fund | 27.49% | 20 |
| UTI Value FundUTI Mutual Fund | 26.92% | 18 |
| HSBC Value FundHSBC Mutual Fund | 26.04% | 20 |
| ICICI Prudential Value FundICICI Prudential Mutual Fund | 25.37% | 15 |
| Bandhan Value FundBandhan Mutual Fund | 24.11% | 15 |
Portfolios for Sep 2026. Overlap is per cent of the portfolio the two funds hold in common.
Overlap with the fund house's other funds
| Mahindra Manulife Business Cycle FundMahindra Manulife Mutual Fund | 60.12% |
| Mahindra Manulife Focused FundMahindra Manulife Mutual Fund | 32.26% |
| Mahindra Manulife Multi Cap FundMahindra Manulife Mutual Fund | 31.54% |
| Mahindra Manulife Flexi Cap FundMahindra Manulife Mutual Fund | 29.46% |
| Mahindra Manulife Large Cap FundMahindra Manulife Mutual Fund | 28.69% |
| Mahindra Manulife Large & Mid Cap FundMahindra Manulife Mutual Fund | 23.99% |
| Mahindra Manulife Small Cap FundMahindra Manulife Mutual Fund | 23.43% |
| Mahindra Manulife Innovation Opportunities FundMahindra Manulife Mutual Fund | 22.49% |
| Mahindra Manulife ELSS Tax Saver FundMahindra Manulife Mutual Fund | 22.09% |
| Mahindra Manulife Mid Cap FundMahindra Manulife Mutual Fund | 21.55% |
As the fund house states it, for Sep 2026.
Changes to the fund
Newest first.
2026
- 10 JulExpenseBase expense ratio, direct plan: 0.43% to 0.53%+0.10 ptsExpense ratio change. The plan's typical expense ratio (the middle of its daily figures) in the month the change took effect, against the month before, in percentage points. Expense ratio change in the glossary
- 1 AprExpenseExpense ratio stated under the new rules: a base ratio, with brokerage, levies and GST on top
Fund details
Objective
The investment objective of the Scheme is to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity related instruments of companies which are undervalued (or are trading below their intrinsic value). However, there is no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee/indicate any returns.
Asset allocation
- Equity and Equity Related Instruments^* - 80% - 100%
- Money Market Instruments / other liquid instruments@ - 0% - 20%
- Units of mutual funds$ (Including Gold & Silver ETFs) : 0% - 20%
- Units Issued by InvITs: 0% - 10%
^Including derivative instruments to the extent of 50% of the equity component of the Scheme.Investment in derivatives shall be for hedging, portfolio balancing and such other purposes as may be permitted from time to time under the Regulations and subject to guidelines issued by SEBI/ RBI from time to time. The Scheme may utilize the entire available equity derivatives exposure limit as provided above, for hedging purpose. However, the equity derivatives exposure towards nonhedging purpose shall not exceed 20% of the net assets of the Scheme, subject to maximum derivatives exposure as defined above (i.e. 50% of the equity component of the Scheme). The margin money deployed on derivative positions would be included in thepermissible Fixed Income Securities category.@other liquid instruments shall include cash, bank deposits with Scheduled Commercial Banks, Government Securities, Treasury bills, Repo on Government securities and any other instruments as specified by SEBI from time to time.
$The Scheme may also invest in units of Overnight Funds, Liquid Funds and Money Market Mutual Funds upto 10% of the net assets of the Scheme subject to compliance with Clause 3 of Sixth Schedule of the Regulations read with Clause 13.14.1 of the SEBI Master Circular Subject to the Regulations and applicable regulatory guidelines as may be issued from time to time, the Scheme may also engage in Securities Lending not exceeding 20% of the net assets of the Scheme. Further, the Scheme shall not deploy more than 5% of the Scheme’s net assets in Securities Lending through a single intermediary. These limits shall be applicable at the time of participating in the securities lending by the Scheme.
Type of scheme
An open-ended equity scheme following a value investment strategy
- Benchmark
- Nifty 500 TRI (First Tier Benchmark)
- Risk level at launch
- Very High Risk
- New fund offer
- 7 Feb 2025 to 21 Feb 2025
- Units first allotted
- 3 Mar 2025
- Open for sale again
- 5 Mar 2025
- Price at the offer
- ₹10 a unit
- Minimum at the offer
- ₹1,000
Plans and codes
| Plan | AMFI code | ISIN | ISIN, reinvestment | MUTF_IN | First NAV |
|---|---|---|---|---|---|
| Direct Growth | 153303 | INF174V01CI9 | MAHI_MANU_VALU_9UBSNX | 5 Mar 2025 | |
| Regular Growth | 153304 | INF174V01CF5 | MAHI_MANU_VALU_KGSBQT | 5 Mar 2025 | |
| Direct IDCW | 153305 | INF174V01CJ7 | INF174V01CK5 | MAHI_MANU_VALU_5WN8XQ | 5 Mar 2025 |
| Regular IDCW | 153302 | INF174V01CH1 | INF174V01CG3 | MAHI_MANU_VALU_20S9CB | 5 Mar 2025 |
This fund
- Scheme information documentThe fund's objective, terms, costs and risks in full
Factsheet
- Fund Factsheet - September 2026Mahindra Manulife Mutual Fund, Sep 2026
Statement of additional information
- SAI Mahindra Manulife Mutual FundMahindra Manulife Mutual Fund, Oct 2026
Annual report
- Mahindra Manulife Mutual Fund Annual Report FY 2025-26Mahindra Manulife Mutual Fund, Mar 2026
- Mahindra Manulife Mutual Fund ABRIDGED Annual Report FY 2025-26Mahindra Manulife Mutual Fund, Mar 2026
Riskometer disclosure
- Disclosure on Risk-o-meter level of schemes - FY - 2025-26Mahindra Manulife Mutual Fund, Mar 2026
Portfolio overlap disclosure
- Portfolio Overlap - September 2026Mahindra Manulife Mutual Fund, Sep 2026