Mahindra Manulife Equity Savings Fund

Equity SavingsDirect and Regular plans, Growth and IDCW options

Data as on 30-10-2026

Mahindra Manulife Equity Savings Fund is an Equity Savings fund run by Mahindra Manulife Mutual Fund. On 30-09-2026, it managed ₹519 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 9.3% a year and its Regular plan returned 7.5% a year. Its benchmark, NIFTY Equity Savings Index, returned 7.1% a year over the same 3 years.

NAV (Direct plan): ₹25.40; ▲ 0.22%30-10-2026
NAV (Regular plan): ₹21.32; ▲ 0.21%30-10-2026
Expense ratio: 1.28%Direct2.83%Regular; 1.28%; A year
Riskometer: Moderately High; Set by the fund house
3 year return: 9.3%Direct7.5%Regular; 9.3%; A year

Mahindra Manulife Equity Savings Fund NAV Today

NAV on 30-10-2026: Direct Plan Growth ₹25.40 (up 0.22% that day); Regular Plan Growth ₹21.32 (up 0.21% that day).

This fund (Direct plan)

₹25.4016

Mahindra Manulife Equity Savings Fund Returns vs NIFTY Equity Savings Index

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)	−0.12%	−0.68%	+2.15%	+2.74%	+9.27%	+8.05%	--
This fund (Regular)	−0.25%	−1.07%	+1.35%	+1.12%	+7.50%	+6.22%	--
NIFTY Equity Savings Index	−1.78%	−0.90%	+2.77%	+1.54%	+7.06%	+6.63%	--
Equity Savings average	−0.02%	−0.68%	+1.71%	+2.12%	+8.55%	+7.55%	--
Best in Equity Savings	+0.76%	+0.84%	+5.12%	+6.16%	+12.81%	+9.34%	--
Worst in Equity Savings	−1.35%	−2.08%	−0.15%	−1.58%	+6.34%	+5.74%	--
Rank in Equity Savings	16/23	11/23	8/23	8/23	6/20	5/17	--

Category rows compare the Direct plans of 23 Equity Savings funds. Rank 1 is the highest return. The benchmark row is as on 30-09-2026, as NSE published it.

Mahindra Manulife Equity Savings Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular
2026to date	+1.88%	+0.55%
2025	+8.90%	+7.12%
2024	+10.14%	+8.31%
2023	+16.60%	+14.64%
2022	+4.24%	+2.28%
2021	+18.36%	+16.33%

Mahindra Manulife Equity Savings 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 1,658 periods, one for each trading day from 10-02-2020 to 30-10-2026.

−5%0%5%10%15%20%

Aug 2017
to
Aug 2020Oct 2018
to
Oct 2021Dec 2019
to
Dec 2022Jan 2021
to
Jan 2024Mar 2022
to
Mar 2025Apr 2023
to
Apr 2026

Mahindra Manulife Equity Savings Fund (Direct)Category average, 23 Equity Savings funds

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Category median	Beat category
1 year	2,149	8.6%	−12.6%	48.6%	7%	7.9%	66%
2 years	1,903	11.0%	−4.4%	29.9%	1%	9.8%	75%
3 years	1,658	11.9%	−0.2%	19.9%	0%	10.3%	83%
5 years	1,164	11.3%	7.7%	17.5%	0%	9.7%	100%
7 years	672	11.2%	10.1%	12.6%	0%	9.8%	100%

Every SIP holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Category median	Beat category
1 year	105	8.6%	−21.3%	36.5%	9%	7.9%	63%
2 years	93	9.5%	−8.4%	26.7%	2%	8.7%	71%
3 years	81	11.6%	−4.5%	21.1%	2%	10.6%	84%
5 years	57	11.8%	8.5%	15.1%	0%	10.3%	100%
7 years	33	12.0%	10.0%	13.5%	0%	10.6%	100%

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 category" counts the periods in which the fund did better than the average of the 23 Equity Savings funds (Direct plans, each weighted the same) over the same days. Past returns do not promise future returns.

Mahindra Manulife Equity Savings Fund Risk

How much it swings, and the falls an investor had to sit through

Risk and return

Measure	Mahindra Manulife Equity Savings Fund (Direct)This fund	Category average
Return (CAGR)	+2.74%	+2.12%
Standard deviation	5.15%	4.23%
Sharpe ratio	-0.49	-0.74
Sortino ratio	-0.66	-0.98
Maximum drawdown	−4.6% (30-03-2026)	−3.8% (30-03-2026)

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.

Measure	Mahindra Manulife Equity Savings Fund (Direct)This fund	Category average
Return (CAGR)	+9.27%	+8.75%
Standard deviation	5.15%	4.16%
Sharpe ratio	0.63	0.65
Sortino ratio	0.86	0.89
Maximum drawdown	−4.6% (30-03-2026)	−3.8% (28-02-2025)

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.

Measure	Mahindra Manulife Equity Savings Fund (Direct)This fund	Category average
Return (CAGR)	+8.05%	+7.88%
Standard deviation	5.88%	4.34%
Sharpe ratio	0.38	0.48
Sortino ratio	0.51	0.65
Maximum drawdown	−7.8% (20-06-2022)	−5.4% (20-06-2022)

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.

Measure	Mahindra Manulife Equity Savings Fund (Direct)This fund	Category average
Return (CAGR)	+9.99%	+8.95%
Standard deviation	7.62%	5.50%
Sharpe ratio	0.60	0.65
Sortino ratio	0.81	0.87
Maximum drawdown	−20.5% (23-03-2020)	−16.0% (23-03-2020)

From daily NAVs, 08-02-2017 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.

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.

−25%−20%−15%−10%−5%0%

20182020202220242026

Mahindra Manulife Equity Savings Fund (Direct)Category average, 23 Equity Savings funds

	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
Mahindra Manulife Equity Savings Fund (Direct)	−20.5%	20-02-2020	23-03-2020	11-08-2020	5 months	−1.8%
Category average	−16.0%	12-02-2020	23-03-2020	18-08-2020	5 months	−1.6%

From the Direct plan's daily NAV since 08-02-2017, adjusted for unit splits, and the average of the 23 Equity Savings funds (Direct plans, each weighted the same) over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.

Mahindra Manulife Equity Savings Fund vs Other Equity Savings Funds

The five Equity Savings funds with the best three year return, and this fund. Direct plans.

Fund name	Rank	AUM (Cr)	Exp. ratio	1Y return	3Y return	3Y alpha	3Y beta	3Y Sharpe	3Y Sortino
HSBC Equity Savings Fund	1/20	1,558	1.41%	+6.04%	+12.81%	--	--	0.95	1.28	Compare
Edelweiss Equity Savings Fund	2/20	1,704	1.08%	+5.36%	+10.93%	--	--	1.25	1.74	Compare
Mirae Asset Equity Savings Fund	3/20	1,994	0.73%	+2.60%	+9.98%	--	--	0.70	0.97	Compare
Kotak Equity Savings Fund	4/20	10,443	1.09%	+0.58%	+9.45%	--	--	0.60	0.82	Compare
Axis Equity Savings Fund	5/20	855	1.56%	+2.69%	+9.39%	--	--	0.65	0.88	Compare
Mahindra Manulife Equity Savings Fund	6/20	519	1.28%	+2.74%	+9.27%	--	--	0.63	0.86

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 Equity Savings Fund Expense Ratio and Costs

What each plan charges a year, in force from 07-10-2026

Plan	Base expense ratio	Brokerage	Transaction costs	Levies and GST	Total expense ratio	Equity Savings median	Cost rank (1 = cheapest)
Direct	0.75%	0.17%	0.00%	0.36%	1.28%	1.28%	12/23
Regular	2.09%	0.17%	0.00%	0.57%	2.83%	2.20%	18/23

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 Equity Savings 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	1.12%	2.74%	1.62%	₹1,01,120	₹1,02,740
3 years	7.50%	9.27%	1.77% a year	₹1,24,230	₹1,30,468
5 years	6.22%	8.05%	1.83% a year	₹1,35,217	₹1,47,273

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 Equity Savings 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

Every month₹

Step up each year

PeriodFor

₹10,000 on the first trading day of every month, from 08-02-2017 to 30-10-2026: 117 instalments, ₹11,70,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planMahindra Manulife Equity Savings Fund (Direct)	₹11,70,000	₹19,40,610	₹7,70,610	10.0%
Regular planMahindra Manulife Equity Savings Fund (Regular)	₹11,70,000	₹17,61,835	₹5,91,835	8.2%
Category averageCategory average, 23 Equity Savings funds	₹11,70,000	₹18,27,581	₹6,57,581	8.9%

₹0₹5.0 L₹10.0 L₹15.0 L₹20.0 L

20182020202220242026

Direct planMahindra Manulife Equity Savings Fund (Direct)Regular planMahindra Manulife Equity Savings Fund (Regular)Category averageCategory average, 23 Equity Savings fundsAmount invested

From each plan's published NAV (Growth option) 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 Equity Savings Fund Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

61.6%Equity

Asset	Fund	Category
Equity	61.6%	67.5%
Debt	29.1%	18.7%
Cash and others	9.3%	14.1%

Market cap of stocks

Market cap	Fund	Category
Large Cap	51.3%	52.2%
Mid Cap	4.0%	9.5%
Small Cap	6.3%	5.3%

Share of the whole fund. Category: the average of the Equity Savings 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.

Credit rating

Bonds and money market papers by credit rating, % of the fund. Category: the average of 23 Equity Savings funds.

Rating	Fund	Category
Sovereign	7.1%	7.7%
AAA and A1+	15.6%	7.2%
AA	6.5%	2.4%

Mahindra Manulife Equity Savings Fund Sector Allocation

Sector allocation of the fund's stocks as on 30-09-2026

Largest sectors

Banks17.6%
Finance5.7%
Petroleum Products5.5%
Pharmaceuticals & Biotechnology5.5%
Cement & Cement Products4.6%
Automobiles3.0%
Ferrous Metals2.1%
Construction2.1%
Industrial Products2.1%
IT - Software1.6%

The ten largest of 27 sectors. The other 17 add up to 11.7%.

Sector changes

Sector	July 2026	August 2026	September 2026	Change
Banks	16.7%	16.9%	17.6%	+0.9%
Finance	6.5%	6.2%	5.7%	−0.8%
Petroleum Products	4.0%	3.9%	5.5%	+1.5%
Pharmaceuticals & Biotechnology	5.7%	6.1%	5.5%	−0.2%
Cement & Cement Products	5.4%	5.1%	4.6%	−0.8%

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 Equity Savings Fund Portfolio Holdings

As on 30-09-2026 · 88 holdings · from the fund house's monthly portfolio

Holdings	Sector / Rating	Weight%	1M change
HDFC Bank Limited	Banks	6.04%	+39.5%
ICICI Bank Limited	Banks	5.87%	−4.1%
Reliance Industries Limited	Petroleum Products	5.40%	+47.7%
Bajaj Finance Ltd	Finance	4.79%	0.0%
7.4% Bharti Telecom Limited 2029 · Bond	CRISIL AAA	3.77%
Ambuja Cements Limited	Cement & Cement Products	3.73%	0.0%
Sun Pharmaceutical Industries Limited	Pharmaceuticals & Biotechnology	3.30%	−3.1%
364 Days Tbill 2027 · Treasury bill	SOVEREIGN	2.78%
7.79% Bajaj Housing Finance Limited 2031 · Bond	CRISIL AAA	2.36%
Mahindra & Mahindra Limited	Automobiles	2.30%	0.0%
8.37% REC Limited 2028 · Bond	CRISIL AAA	1.96%
8.02% Cholamandalam Investment and Finance Company Ltd 2029 (FRN) · Bond	ICRA AA+	1.93%
7.44% National Bank For Agriculture and Rural Development 2028 · Bond	CRISIL AAA	1.92%
6.94% Government of India 2036 · Government security	SOVEREIGN	1.89%
7.7% Bajaj Finance Limited 2029 · Bond	CRISIL AAA	1.89%
Larsen & Toubro Limited	Construction	1.74%	−9.8%
Canara Bank	Banks	1.74%	0.0%
Jindal Steel Limited	Ferrous Metals	1.63%	0.0%
Brookfield India Real Estate Trust	Realty	1.63%
Kotak Mahindra Bank Ltd	Banks	1.56%	0.0%
8.42% Muthoot Finance Limited 2029 (FRN) · Bond	CRISIL AA+	1.35%
Bharti Airtel Limited	Telecom - Services	1.25%	−11.9%
Divi's Laboratories Limited	Pharmaceuticals & Biotechnology	1.22%	−10.3%
Embassy Office Parks REIT	Realty	1.14%
Mahindra Manulife Liquid Fund -Direct Plan -Growth		1.04%
9.30% TVS Credit Services Limited 2029 · Bond	ICRA AA+	0.98%
8.75% Bharti Telecom Limited 2028 · Bond	CRISIL AAA	0.97%
State Bank of India	Banks	0.97%	−3.3%
8.20% National Bank For Agriculture and Rural Development 2028 · Bond	CRISIL AAA	0.97%
364 Days Tbill 2026 · Treasury bill	SOVEREIGN	0.96%
7.71% Government of India 2066 · Government security	SOVEREIGN	0.96%
8.55% Aditya Birla Real Estate Limited 2029 · Bond	CRISIL AA	0.96%
7.45% Power Finance Corporation Limited 2028 · Bond	CRISIL AAA	0.96%
Nexus Select Trust - REIT	Realty	0.84%
SPR Auto Technologies Ltd	Auto Components	0.81%	−18.6%
Titan Company Limited	Consumer Durables	0.76%	0.0%
Aditya Vision Ltd	Retailing	0.74%	−17.8%
Axis Bank Limited	Banks	0.73%	−12.7%
Raajmarg Infra Investment Trust	Transport Infrastructure	0.68%
8.42% Godrej Industries Limited 2027 · Bond	CRISIL AA+	0.67%
Persistent Systems Ltd	IT - Software	0.61%	−14.3%
PTC Industries Ltd	Industrial Products	0.59%	−21.5%
9.12% Piramal Finance Limited 2027 · Bond	CARE AA+	0.58%
Eternal Limited	Retailing	0.56%	−5.2%
Coromandel International Limited	Fertilizers & Agrochemicals	0.54%	−10.2%
Tech Mahindra Limited	IT - Software	0.54%	−18.5%
Tata Steel Limited	Ferrous Metals	0.52%	0.0%
Shriram Finance Limited	Finance	0.51%	0.0%
Inox India Limited	Industrial Products	0.50%	−27.3%
Sai Life Sciences Limited	Pharmaceuticals & Biotechnology	0.48%	New
Infosys Limited	IT - Software	0.48%	−6.0%
7.63% State Government Securities 2036 · State government security	SOVEREIGN	0.47%
Hindustan Aeronautics Limited	Aerospace & Defense	0.45%	0.0%
Anthem Biosciences Limited	Pharmaceuticals & Biotechnology	0.45%	−12.7%
S. P. Apparels Limited	Textiles & Apparels	0.42%	0.0%
NTPC Limited	Power	0.41%	−37.3%
Nippon Life India Asset Management Limited	Capital Markets	0.39%	−14.6%
LG Balakrishnan & Bros Limited	Auto Components	0.39%	−50.5%
L&T Finance Limited	Finance	0.38%	0.0%
Indian Bank 2027 · Certificate of deposit	CRISIL A1+	0.38%
7.29% Small Industries Dev Bank of India 2029 · Bond	CRISIL AAA	0.38%
ISGEC Heavy Engineering Limited	Construction	0.38%	0.0%
K.P.R. Mill Limited	Textiles & Apparels	0.37%	−15.6%
TVS Motor Company Limited	Automobiles	0.37%	−7.8%
Bank of Baroda	Banks	0.36%	0.0%
Union Bank of India	Banks	0.36%	0.0%
Kajaria Ceramics Limited	Consumer Durables	0.36%	0.0%
Tata Power Company Limited	Power	0.35%	0.0%
Hindalco Industries Limited	Non - Ferrous Metals	0.35%	−15.3%
Hyundai Motor India Ltd	Automobiles	0.35%	0.0%
Oil & Natural Gas Corporation Limited	Oil	0.34%	0.0%
Technocraft Industries (India) Limited	Industrial Products	0.34%	−30.3%
Bharat Electronics Limited	Aerospace & Defense	0.34%	0.0%
SBI Life Insurance Company Limited	Insurance	0.34%	0.0%
National Aluminium Company Limited	Non - Ferrous Metals	0.33%	0.0%
Power Grid Corporation of India Limited	Power	0.33%	−9.6%
JK Cement Limited	Cement & Cement Products	0.33%	−12.0%
Kirloskar Brothers Limited	Industrial Products	0.33%	−9.5%
Tata Motors Ltd	Agricultural, Commercial & Construction Vehicles	0.33%	−9.3%
Oil India Limited	Oil	0.32%	−11.9%
Ingersoll Rand (India) Limited	Industrial Products	0.32%	0.0%
Hindustan Unilever Limited	Diversified FMCG	0.32%	0.0%
Grasim Industries Limited	Cement & Cement Products	0.32%	−33.0%
Tata Consumer Products Limited	Agricultural Food & other Products	0.31%	0.0%
Archean Chemical Industries Limited	Chemicals & Petrochemicals	0.31%	0.0%
Godfrey Phillips India Limited	Cigarettes & Tobacco Products	0.29%	0.0%
Shree Cement Limited	Cement & Cement Products	0.23%	−26.9%
Hindustan Petroleum Corporation Limited	Petroleum Products	0.08%	0.0%

Mahindra Manulife Equity Savings Fund Stocks Bought and Sold

All changes are between August 2026 and September 2026

Stocks bought and sold in September 2026

ICICI Bank Limited	Reduced	−4.1%	5.87%
HDFC Bank Limited	Added	+39.5%	6.04%
Reliance Industries Limited	Added	+47.7%	5.40%
Sun Pharmaceutical Industries Limited	Reduced	−3.1%	3.30%
Larsen & Toubro Limited	Reduced	−9.8%	1.74%
Bharti Airtel Limited	Reduced	−11.9%	1.25%
Divi's Laboratories Limited	Reduced	−10.3%	1.22%
State Bank of India	Reduced	−3.3%	0.97%
SPR Auto Technologies Ltd	Reduced	−18.6%	0.81%
Aditya Vision Ltd	Reduced	−17.8%	0.74%
Axis Bank Limited	Reduced	−12.7%	0.73%
LG Balakrishnan & Bros Limited	Reduced	−50.5%	0.39%
Persistent Systems Ltd	Reduced	−14.3%	0.61%
PTC Industries Ltd	Reduced	−21.5%	0.59%
Inox India Limited	Reduced	−27.3%	0.50%
Tech Mahindra Limited	Reduced	−18.5%	0.54%
NTPC Limited	Reduced	−37.3%	0.41%
Coromandel International Limited	Reduced	−10.2%	0.54%
Eternal Limited	Reduced	−5.2%	0.56%
Infosys Limited	Reduced	−6.0%	0.48%
Gland Pharma Limited	Sold out	−100%	was 0.56%
Technocraft Industries (India) Limited	Reduced	−30.3%	0.34%
Anthem Biosciences Limited	Reduced	−12.7%	0.45%
Grasim Industries Limited	Reduced	−33.0%	0.32%
Nippon Life India Asset Management Limited	Reduced	−14.6%	0.39%
Sai Life Sciences Limited	New	New	0.48%
K.P.R. Mill Limited	Reduced	−15.6%	0.37%
Hindalco Industries Limited	Reduced	−15.3%	0.35%
TVS Motor Company Limited	Reduced	−7.8%	0.37%
Tata Motors Ltd	Reduced	−9.3%	0.33%
Oil India Limited	Reduced	−11.9%	0.32%
Kirloskar Brothers Limited	Reduced	−9.5%	0.33%
JK Cement Limited	Reduced	−12.0%	0.33%
Power Grid Corporation of India Limited	Reduced	−9.6%	0.33%
Shree Cement Limited	Reduced	−26.9%	0.23%
GAIL (India) Limited	Sold out	−100%	was 0.29%

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.

What Mahindra Manulife Equity Savings Fund bought and sold

Mahindra Manulife Equity Savings Fund Portfolio Overlap

Funds with the most similar portfolios, across every fund house and category

Fund	Overlap	Holdings in common
Mahindra Manulife Multi Asset Allocation FundMulti Asset · Mahindra Manulife	49.2%	70	Compare
Bandhan Nifty 100 Index FundIndex · Bandhan	40.2%	38	Compare
DSP MSCI India ETFETF · DSP	39.8%	43	Compare
Kotak MSCI India ETFETF · Kotak Mahindra	39.8%	43	Compare
Aditya Birla Sun Life Msci India ETFETF · Aditya Birla Sun Life	39.8%	43	Compare
Motilal Oswal Nifty 100 ETFETF · Motilal Oswal	39.6%	37	Compare
HDFC NIFTY 100 ETFETF · HDFC	39.6%	37	Compare
HDFC NIFTY 100 Index FundIndex · HDFC	39.6%	37	Compare

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 Equity Savings Fund Overview

Fund facts from the scheme summary document, as on 16-10-2026

Expense ratio (Direct): 1.28%
Expense ratio (Regular): 2.83%
Category: Equity Savings
Risk: Moderately High
Benchmark: Nifty Equity Savings Index
Launch date: 01-02-2017
Minimum investment: ₹1,000
Minimum additional investment: ₹1,000
AUM: ₹519.23 Cr (30-09-2026)
Lock in: None
Scheme code (Direct): 140444
ISIN (Direct): INF174V01184
Scheme code (Regular): 140447
ISIN (Regular): INF174V01150
NAV history: From 08-02-2017, 9.7 years

Exit load: Exit load for units in excess of 10% of the investment,1% will be charged for redemption within 15 days.

Tax on Mahindra Manulife Equity Savings Fund returns

Mahindra Manulife Equity Savings Fund is taxed as an equity fund: 65% or more of it is in Indian stocks, counting its hedged positions.
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	₹25.4016	30-10-2026
direct	Quarterly IDCW	₹17.2074	30-10-2026
regular	Growth	₹21.3222	30-10-2026
regular	Quarterly IDCW	₹13.6671	30-10-2026

About Mahindra Manulife Equity Savings Fund

Mahindra Manulife Equity Savings Fund is a mutual fund from Mahindra Manulife Mutual Fund. Its category is Equity Savings. It was launched on 01-02-2017. Its benchmark is Nifty Equity Savings Index. At the end of September 2026 it held 88 securities.

Fund Manager

Renjith Sivaram
Fund manager of Mahindra Manulife Equity Savings Fund, since 03-07-2023
Navin Matta
Fund manager of Mahindra Manulife Equity Savings Fund, since 02-12-2025
Rahul Pal
Fund manager of Mahindra Manulife Equity Savings Fund, since 01-02-2017
Kush Sonigara
Fund manager of Mahindra Manulife Equity Savings Fund, since 01-01-2026

See all funds of Mahindra Manulife Mutual Fund

AUM change

September 2026: ₹519.23 Cr; −2.09% from August 2026
August 2026: ₹530.31 Cr; −0.95% from July 2026
July 2026: ₹535.42 Cr; +0.93% from June 2026

AUM moves with money invested or taken out, and with the value of what the fund holds.

Compare Mahindra Manulife Equity Savings Fund with Other Funds

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Mahindra Manulife Equity Savings vs Mahindra Manulife Multi Asset Allocation49.2% overlap
Mahindra Manulife Equity Savings vs Bandhan Nifty 100 Index40.2% overlap
Mahindra Manulife Equity Savings vs DSP MSCI India ETF39.8% overlap

Compare with any other fund

Frequently Asked Questions for Mahindra Manulife Equity Savings Fund

What is the current NAV of Mahindra Manulife Equity Savings Fund?

The Direct plan NAV is ₹25.4016. The Regular plan NAV is ₹21.3222, as on 30-10-2026.

What are the returns of Mahindra Manulife Equity Savings Fund?

The Direct plan returned +2.74% in 1 year, +9.27% a year over 3 years, +8.05% a year over 5 years. The Regular plan returned +1.12% in 1 year, +7.50% a year over 3 years, +6.22% a year over 5 years. These figures are as on 30-10-2026.

What is the expense ratio of Mahindra Manulife Equity Savings Fund?

The Direct plan charges 1.28% a year. The Regular plan charges 2.83% a year. This is the figure the fund house reported to AMFI, in force from 07-10-2026.

What is the AUM of Mahindra Manulife Equity Savings Fund?

Mahindra Manulife Equity Savings Fund managed ₹519.23 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of Mahindra Manulife Equity Savings Fund?

At the end of September 2026 the largest holdings were HDFCBANK (6.04%), ICICIBANK (5.87%), RELIANCE (5.40%), BAJFINANCE (4.79%), 7.4% Bharti Telecom Limited 2029 (3.77%). The fund held 88 securities in all.

What did Mahindra Manulife Equity Savings Fund buy and sell in September 2026?

It bought 1 new stock: Sai Life Sciences Limited. It sold out of 2: Gland Pharma Limited, GAIL (India) Limited. It added shares in 2. It reduced 31.

How do I invest in Mahindra Manulife Equity Savings 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 Equity Savings Fund?

Renjith Sivaram (since 03-07-2023), Navin Matta (since 02-12-2025), Rahul Pal (since 01-02-2017), Kush Sonigara (since 01-01-2026).

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.