Mahindra Manulife Consumption Fund is a Thematic fund run by Mahindra Manulife Mutual Fund. On 30-09-2026, it managed ₹453 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 8.8% a year and its Regular plan returned 7.0% a year. Its benchmark, Nifty India Consumption TRI, returned 11.0% a year over the same 3 years.
NAV (Direct plan)
₹23.52
▼ 0.55% · 30-10-2026
NAV (Regular plan)
₹20.54
▼ 0.55% · 30-10-2026
Expense ratio
1.09%Direct2.66%Regular
1.09%
A year
Riskometer
Very High
Set by the fund house
3 year return
8.8%Direct7.0%Regular
8.8%
A year
Mahindra Manulife Consumption Fund NAV Today
NAV on 30-10-2026: Direct Plan Growth ₹23.52 (down 0.55% that day); Regular Plan Growth ₹20.54 (down 0.55% that day).
This fund (Direct plan)
₹23.5152
Mahindra Manulife Consumption Fund Returns vs Nifty India Consumption TRI
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
Trailing returns
Period
1M
3M
6M
1Y
3Y
5Y
10Y
This fund (Direct)
−1.61%
−6.79%
−2.44%
−11.33%
+8.78%
+9.98%
--
This fund (Regular)
−1.73%
−7.15%
−3.22%
−12.77%
+6.96%
+8.17%
--
Nifty India Consumption TRI
+0.16%
−8.10%
−2.24%
−10.58%
+11.02%
+10.59%
+12.37%
Thematic average
−2.09%
−4.52%
+0.86%
−1.22%
+13.76%
+11.62%
--
Best in Thematic
+11.54%
+11.27%
+22.16%
+75.71%
+54.78%
+21.14%
--
Worst in Thematic
−16.05%
−11.74%
−13.97%
−22.44%
−4.46%
+3.65%
--
Rank in Thematic
96/235
162/232
147/232
203/215
106/133
60/96
--
Category rows compare the Direct plans of 235 Thematic funds. Rank 1 is the highest return.
Mahindra Manulife Consumption Fund Year-wise Returns
Return of each calendar year
Year
Direct
Regular
Nifty India Consumption TRI
2026to date
−9.37%
−10.59%
−9.10%
2025
+3.05%
+1.29%
+9.22%
2024
+23.44%
+21.33%
+19.77%
2023
+29.08%
+27.01%
+27.96%
2022
+9.53%
+7.76%
+8.53%
2021
+24.56%
+22.60%
+20.82%
Mahindra Manulife Consumption Fund Rolling Returns
The return of every holding period in the fund's history, not only the one that ends today
Rolling returns
Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 1,222 periods, one for each trading day from 16-11-2021 to 30-10-2026.
0%5%10%15%20%25%30%
Mahindra Manulife Consumption Fund (Direct)
Nifty India Consumption TRI
Apr 2019 to Apr 2022Feb 2020 to Feb 2023Dec 2020 to Dec 2023Oct 2021 to Oct 2024Aug 2022 to Aug 2025Jun 2023 to Jun 2026
Mahindra Manulife Consumption Fund (Direct)Nifty India Consumption TRI
0%
0%
Below 0%
0%
0%
0-5%
3%
1%
5-10%
27%
22%
10-15%
33%
49%
15-20%
35%
27%
20-25%
2%
0%
Above 25%
Every holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Benchmark median
Beat benchmark
1 year
1,717
10.8%
−27.1%
66.0%
20%
11.6%
47%
2 years
1,467
18.2%
−8.4%
40.0%
6%
19.2%
43%
3 years
1,222
17.8%
7.3%
27.4%
0%
18.0%
41%
5 years
728
17.6%
9.3%
25.5%
0%
18.0%
51%
7 years
236
13.8%
11.4%
15.7%
0%
14.9%
0%
Every SIP holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Benchmark median
Beat benchmark
1 year
84
12.6%
−40.2%
55.9%
20%
14.3%
45%
2 years
72
18.3%
−9.8%
43.9%
10%
18.5%
53%
3 years
60
18.5%
−0.6%
34.6%
2%
18.0%
50%
5 years
36
18.2%
7.3%
28.8%
0%
18.3%
53%
Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat benchmark" counts the periods in which the fund did better than Nifty India Consumption TRI over the same days. Past returns do not promise future returns.
Mahindra Manulife Consumption Fund Risk
How much it swings, and the falls an investor had to sit through
Risk and return
Measure
Mahindra Manulife Consumption Fund (Direct)This fund
Nifty India Consumption TRI
Return (CAGR)
−11.33%
−10.58%
Standard deviation
14.32%
15.06%
Sharpe ratio
-1.16
-1.05
Sortino ratio
-1.50
-1.38
Maximum drawdown
−17.4%
(23-03-2026)
−17.3%
(30-03-2026)
Beta
0.92
1.00
Alpha
−2.04%
0.00%
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Measure
Mahindra Manulife Consumption Fund (Direct)This fund
Nifty India Consumption TRI
Return (CAGR)
+8.78%
+11.02%
Standard deviation
13.61%
13.92%
Sharpe ratio
0.20
0.36
Sortino ratio
0.28
0.51
Maximum drawdown
−22.7%
(28-02-2025)
−21.9%
(04-03-2025)
Beta
0.93
1.00
Alpha
−1.87%
0.00%
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Measure
Mahindra Manulife Consumption Fund (Direct)This fund
Nifty India Consumption TRI
Return (CAGR)
+9.98%
+10.59%
Standard deviation
13.33%
13.94%
Sharpe ratio
0.31
0.34
Sortino ratio
0.43
0.48
Maximum drawdown
−22.7%
(28-02-2025)
−21.9%
(04-03-2025)
Beta
0.91
1.00
Alpha
−0.17%
0.00%
From daily NAVs, 29-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Measure
Mahindra Manulife Consumption Fund (Direct)This fund
Nifty India Consumption TRI
Return (CAGR)
+11.32%
+12.29%
Standard deviation
15.71%
15.99%
Sharpe ratio
0.39
0.44
Sortino ratio
0.52
0.62
Maximum drawdown
−34.0%
(23-03-2020)
−29.3%
(23-03-2020)
Beta
0.90
1.00
Alpha
−0.29%
0.00%
From daily NAVs, 16-11-2018 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
−40%−30%−20%−10%0%
Mahindra Manulife Consumption Fund (Direct)
Nifty India Consumption TRI
20192020202120222023202420252026
Mahindra Manulife Consumption Fund (Direct)Nifty India Consumption TRI
Worst fall
High before it
Bottom
Back at the high
Time to climb back
Below its high today
Mahindra Manulife Consumption Fund (Direct)
−34.0%
06-02-2020
23-03-2020
04-12-2020
8 months
−16.7%
Nifty India Consumption TRI
−29.3%
13-02-2020
23-03-2020
18-08-2020
5 months
−13.4%
From the Direct plan's daily NAV since 16-11-2018, adjusted for unit splits, and Nifty India Consumption TRI over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.
Mahindra Manulife Consumption Fund vs Other Thematic Funds
The five Thematic funds with the best three year return, and this fund. Direct plans.
AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.
Mahindra Manulife Consumption Fund Expense Ratio and Costs
What each plan charges a year, in force from 23-10-2026
Plan
Base expense ratio
Brokerage
Transaction costs
Levies and GST
Total expense ratio
Thematic median
Cost rank (1 = cheapest)
Direct
0.73%
0.08%
0.00%
0.28%
1.09%
1.18%
89/235
Regular
2.10%
0.08%
0.00%
0.48%
2.66%
2.41%
175/235
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Thematic funds' plans of the same type are sorted from the lowest total expense ratio to the highest.
Direct vs Regular: what the gap cost
Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.
Over the last
Regular
Direct
Direct earned more by
₹1 lakh became (Regular)
₹1 lakh became (Direct)
1 year
−12.77%
−11.33%
1.44%
₹87,230
₹88,670
3 years
6.96%
8.78%
1.82% a year
₹1,22,367
₹1,28,720
5 years
8.17%
9.98%
1.81% a year
₹1,48,093
₹1,60,905
Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.
Mahindra Manulife Consumption Fund SIP Calculator
What a one-time or monthly investment in this fund would be worth today, from its own NAV history
Growth of an investment
Step up each year
PeriodFor
₹10,000 on the first trading day of every month, from 16-11-2018 to 30-10-2026: 96 instalments, ₹9,60,000 in all.
Investment
Invested
Value now
Gain
Return a year
Direct planMahindra Manulife Consumption Fund (Direct)
₹9,60,000
₹15,21,613
₹5,61,613
11.3%
Regular planMahindra Manulife Consumption Fund (Regular)
Direct planMahindra Manulife Consumption Fund (Direct)Regular planMahindra Manulife Consumption Fund (Regular)Nifty India Consumption TRICategory averageCategory average, 235 Thematic fundsAmount invested
From each plan's published NAV (Growth option), the benchmark's TRI and the category average, over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Mahindra Manulife Consumption Fund Asset Allocation
Asset allocation as on 30-09-2026
What the fund holds
98.4%Equity
Asset
Fund
Category
Equity
98.4%
94.5%
Cash and others
1.6%
4.0%
Market cap of stocks
Market cap
Fund
Category
Large Cap
60.0%
45.7%
Mid Cap
14.5%
19.6%
Small Cap
23.9%
24.1%
Share of the whole fund. Category: the average of the Thematic funds that hold stocks. Groups follow AMFI's latest list, as SEBI defines them: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Mahindra Manulife Consumption Fund Sector Allocation
Sector allocation of the fund's stocks as on 30-09-2026
Largest sectors
Automobiles17.1%
Retailing16.8%
Consumer Durables14.6%
Telecom - Services8.1%
Diversified FMCG7.0%
Beverages6.5%
Food Products4.7%
Auto Components3.7%
Leisure Services3.0%
Transport Services2.3%
The ten largest of 21 sectors. The other 11 add up to 14.7%.
Sector changes
Sector
July 2026
August 2026
September 2026
Change
Automobiles
18.1%
18.4%
17.1%
−1.0%
Retailing
16.6%
17.3%
16.8%
+0.2%
Consumer Durables
14.5%
12.9%
14.6%
+0.1%
Telecom - Services
9.0%
7.8%
8.1%
−0.9%
Diversified FMCG
7.5%
6.7%
7.0%
−0.5%
Each sector's share of the fund at the end of each month. The five largest sectors of September 2026. Change: from July 2026 to September 2026, in % of the fund.
Mahindra Manulife Consumption Fund Portfolio Holdings
As on 30-09-2026 · 48 holdings · from the fund house's monthly portfolio
Holdings
Sector
Weight%
Holdings trend
1M change
Eternal Limited
Retailing
6.73%
−6.8%
Bharti Airtel Limited
Telecom - Services
6.72%
0.0%
Mahindra & Mahindra Limited
Automobiles
6.25%
−9.0%
Titan Company Limited
Consumer Durables
4.47%
−16.1%
Bajaj Auto Limited
Automobiles
3.84%
−6.4%
Trent Limited
Retailing
3.17%
0.0%
ITC Limited
Diversified FMCG
3.06%
0.0%
Maruti Suzuki India Limited
Automobiles
2.87%
0.0%
TVS Motor Company Limited
Automobiles
2.58%
0.0%
Hindustan Unilever Limited
Diversified FMCG
2.51%
0.0%
Aditya Vision Ltd
Retailing
2.48%
0.0%
Radico Khaitan Limited
Beverages
2.41%
0.0%
Varun Beverages Ltd
Beverages
2.21%
0.0%
Britannia Industries Limited
Food Products
2.15%
−5.3%
LG Electronics India Ltd
Consumer Durables
2.06%
0.0%
Tata Consumer Products Limited
Agricultural Food & other Products
2.05%
0.0%
Shaily Engineering Plastics Limited
Consumer Durables
2.01%
New
Avenue Supermarts Limited
Retailing
1.95%
−21.9%
Belrise Industries Ltd.
Auto Components
1.92%
0.0%
Tilaknagar Industries Limited
Beverages
1.89%
0.0%
Multi Commodity Exchange of India Limited
Capital Markets
1.81%
−10.5%
Doms Industries Limited
Household Products
1.78%
0.0%
Godfrey Phillips India Limited
Cigarettes & Tobacco Products
1.67%
0.0%
Blue Star Limited
Consumer Durables
1.64%
0.0%
Hyundai Motor India Ltd
Automobiles
1.53%
0.0%
Mrs. Bectors Food Specialities Ltd
Food Products
1.53%
0.0%
Chalet Hotels Limited
Leisure Services
1.53%
0.0%
Krishna Institute Of Medical Sciences Limited
Healthcare Services
1.50%
−27.7%
Devyani International Limited
Leisure Services
1.49%
0.0%
Dixon Technologies (India) Limited
Consumer Durables
1.45%
0.0%
Hindustan Foods Ltd
Diversified FMCG
1.40%
0.0%
Vodafone Idea Limited
Telecom - Services
1.36%
0.0%
Info Edge India Ltd
Retailing
1.31%
0.0%
Adani Energy Solutions Limited
Power
1.29%
0.0%
Axis Bank Limited
Banks
1.27%
0.0%
Black Buck Ltd
Transport Services
1.24%
0.0%
Swiggy Limited
Retailing
1.20%
0.0%
Greenply Industries Limited
Consumer Durables
1.08%
0.0%
InterGlobe Aviation Limited
Transport Services
1.04%
New
Sun TV Network Limited
Entertainment
1.02%
New
Divi's Laboratories Limited
Pharmaceuticals & Biotechnology
0.99%
New
Kalyan Jewellers India Limited
Consumer Durables
0.98%
New
Nestle India Limited
Food Products
0.97%
0.0%
Godrej Consumer Products Limited
Personal Products
0.95%
0.0%
CEAT Limited
Auto Components
0.92%
0.0%
Metro Brands Limited
Consumer Durables
0.91%
0.0%
Gabriel India Limited
Auto Components
0.85%
0.0%
Kewal Kiran Clothing Limited
Textiles & Apparels
0.39%
−58.0%
Mahindra Manulife Consumption Fund Stocks Bought and Sold
All changes are between August 2026 and September 2026
More
Stocks bought and sold in September 2026
Mahindra & Mahindra Limited
↓Reduced
−9.0%
6.25%
Eternal Limited
↓Reduced
−6.8%
6.73%
Titan Company Limited
↓Reduced
−16.1%
4.47%
Bajaj Auto Limited
↓Reduced
−6.4%
3.84%
Avenue Supermarts Limited
↓Reduced
−21.9%
1.95%
Britannia Industries Limited
↓Reduced
−5.3%
2.15%
Shaily Engineering Plastics Limited
↑New
New
2.01%
Krishna Institute Of Medical Sciences Limited
↓Reduced
−27.7%
1.50%
Multi Commodity Exchange of India Limited
↓Reduced
−10.5%
1.81%
Polycab India Limited
↓Sold out
−100%
was 1.49%
Tube Investments Of India Limited
↓Sold out
−100%
was 1.38%
InterGlobe Aviation Limited
↑New
New
1.04%
Sun TV Network Limited
↑New
New
1.02%
Divi's Laboratories Limited
↑New
New
0.99%
Kalyan Jewellers India Limited
↑New
New
0.98%
Kewal Kiran Clothing Limited
↓Reduced
−58.0%
0.39%
Sky Gold And Diamonds Limited
↓Sold out
−100%
was 0.69%
No stocks in this group for September 2026.
A change is counted by the number of shares the fund holds, not by price. A stock can become a smaller part of the fund in a month when the fund bought more of it, if its price fell. Debt papers are left out.
Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.
Mahindra Manulife Consumption Fund Overview
Fund facts from the scheme summary document, as on 16-10-2026
Expense ratio (Direct)
1.09%
Expense ratio (Regular)
2.66%
Category
Thematic
Risk
Very High
Benchmark
Nifty India Consumption TRI
Launch date
13-11-2018
Minimum investment
₹1,000
Minimum additional investment
₹1,000
AUM
₹452.65 Cr (30-09-2026)
Lock in
None
Scheme code (Direct)
145356
ISIN (Direct)
INF174V01663
Scheme code (Regular)
145355
ISIN (Regular)
INF174V01630
NAV history
From 16-11-2018, 8.0 years
Exit load
Exit load of 1%, if redeemed within 3 months.
Tax on Mahindra Manulife Consumption Fund returns
Mahindra Manulife Consumption Fund is taxed as an equity fund: 65% or more of it is in Indian stocks.
Units sold within 1 year: the gain is taxed at 20%.
Units held longer: gains above ₹1.25 lakh in a financial year, across all your equity funds and shares, are taxed at 12.5%.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.
Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.
All plans and options
Plan
Option
NAV
As on
direct
Growth
₹23.5152
30-10-2026
direct
IDCW
₹16.6523
30-10-2026
regular
Growth
₹20.5366
30-10-2026
regular
IDCW
₹13.9771
30-10-2026
About Mahindra Manulife Consumption Fund
Mahindra Manulife Consumption Fund is a mutual fund from Mahindra Manulife Mutual Fund. Its category is Thematic. It was launched on 13-11-2018. Its benchmark is Nifty India Consumption TRI. At the end of September 2026 it held 48 securities.
Fund Manager
$ Mr. Navin Matta
Fund manager of Mahindra Manulife Consumption Fund, since 24-10-2024
$ Mr. Hemang Kapasi
Fund manager of Mahindra Manulife Consumption Fund, since 25-09-2026
Frequently Asked Questions for Mahindra Manulife Consumption Fund
What is the current NAV of Mahindra Manulife Consumption Fund?
The Direct plan NAV is ₹23.5152. The Regular plan NAV is ₹20.5366, as on 30-10-2026.
What are the returns of Mahindra Manulife Consumption Fund?
The Direct plan returned −11.33% in 1 year, +8.78% a year over 3 years, +9.98% a year over 5 years. The Regular plan returned −12.77% in 1 year, +6.96% a year over 3 years, +8.17% a year over 5 years. These figures are as on 30-10-2026.
What is the expense ratio of Mahindra Manulife Consumption Fund?
The Direct plan charges 1.09% a year. The Regular plan charges 2.66% a year. This is the figure the fund house reported to AMFI, in force from 23-10-2026.
What is the AUM of Mahindra Manulife Consumption Fund?
Mahindra Manulife Consumption Fund managed ₹452.65 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
What are the top holdings of Mahindra Manulife Consumption Fund?
At the end of September 2026 the largest holdings were ETERNAL (6.73%), BHARTIARTL (6.72%), M&M (6.25%), TITAN (4.47%), BAJAJ-AUTO (3.84%). The fund held 48 securities in all.
What did Mahindra Manulife Consumption Fund buy and sell in September 2026?
It bought 5 new stocks: Shaily Engineering Plastics Limited, Kalyan Jewellers India Limited, Divi's Laboratories Limited, Sun TV Network Limited, InterGlobe Aviation Limited. It sold out of 3: Sky Gold And Diamonds Limited, Polycab India Limited, Tube Investments Of India Limited. It reduced 9.
How do I invest in Mahindra Manulife Consumption Fund?
Through Mahindra Manulife Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least ₹1,000. You can invest once or through a monthly SIP.
Who is the fund manager of Mahindra Manulife Consumption Fund?
$ Mr. Navin Matta (since 24-10-2024), $ Mr. Hemang Kapasi (since 25-09-2026).
Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.
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