MA
Mahindra Manulife Business Cycle Fund Direct Growth
Latest NAV
+3.89% 1Y
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Benchmark: Nifty 500 TRI
Expense ratio
0.91%
AUM
₹1,364 Cr
Min SIP
₹500
Min lump sum
₹1,000
1Y
+3.89%
3Y (ann.)
+15.84%
5Y (ann.)
+0.00%
Launched
Sep 2023
Where the NAV sits & how risky it is
₹15.59
52-week range
at 47%
₹15.59
Low 31 Mar 2026₹14.51
High 10 Aug 2026₹16.84
Risk level
Very High
Low
Very high
NAV history
13 Sep 2023
Since inception
01 Oct 2026
Returns by period
1W
-3.51%
1M
-5.86%
3M
-4.77%
6M
+5.36%
1Y
+3.89%
3Y
+15.84%
5Y
+0.00%
3Y and 5Y returns are annualised.
Return calculator
You invest
—
Est. gain
—
Est. value
—
Invested Gain
Invested
Projected value
min SIP ₹500
Estimate only. It assumes the selected past return repeats every year; 3Y and 5Y figures are taken as annualised. Actual returns vary and are not guaranteed.
Where your money goes
AS OF 31 MAY 2026
Equity 98.24%
Cash & other 1.76%
Sector split
Country split
Top 5 hold 17.0%
Top 10 hold 29.8%
72 equity holdings
Equity holdings
(top 30)
| # | Holding | Sector | Country | Weight | YTD |
|---|---|---|---|---|---|
| 1 | Reliance Industries
INE002A01018 |
Energy Oil & Gas Refining & Marketing |
India |
4.24%
|
-19.19% |
| 2 | JSW Energy
INE121E01018 |
Utilities Utilities - Independent Power Producers |
India |
3.62%
|
+14.88% |
| 3 | Grasim Industries
INE047A01021 |
Basic Materials Building Materials |
India |
3.23%
|
+9.21% |
| 4 | Infosys
INE009A01021 |
Technology Information Technology Services |
India |
2.96%
|
-29.45% |
| 5 | Bajaj Auto
INE917I01010 |
Consumer Cyclical Auto Manufacturers |
India |
2.93%
|
+9.86% |
| 6 | Indus Towers
INE121J01017 |
Communication Services Telecom Services |
India |
2.71%
|
-1.37% |
| 7 | Vodafone Idea
INE669E01016 |
Communication Services Telecom Services |
India |
2.57%
|
+31.78% |
| 8 | Indusind Bank
INE095A01012 |
Financial Services Banks - Regional |
India |
2.52%
|
+2.86% |
| 9 | Bandhan Bank
INE545U01014 |
Financial Services Banks - Regional |
India |
2.50%
|
+32.97% |
| 10 | Adani Enterprises
INE423A01024 |
Energy Thermal Coal |
India |
2.48%
|
+29.87% |
About this scheme
The Scheme shall seek to generate long term capital appreciation by investing predominantly in equity and equity related securities with a focus on identifying and investing in business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy. However, there is no assurance that the objective of the Scheme will be realized.
Fund manager(s): Krishna Sanghavi, Vishal Jajoo, Renjith Sivaram
Exit load: Exit load of 1%, if redeemed within 3 months
Scheme snapshot
VR Rating
MS Rating
Plan
Growth
Type
DIRECT
Inception
13 Sep 2023
Lump-sum min
₹1,000
SIP
Purchase
Switch
STP
SWP
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