Mahindra Manulife Focused Fund is a Focused fund run by Mahindra Manulife Mutual Fund. On 30-09-2026, it managed ₹1,930 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 12.6% a year and its Regular plan returned 10.8% a year. Its benchmark, Nifty 500 TRI, returned 10.2% a year over the same 3 years.
NAV (Direct plan)
₹27.70
▲ 0.07% · 30-10-2026
NAV (Regular plan)
₹24.87
▲ 0.07% · 30-10-2026
Expense ratio
0.91%Direct2.32%Regular
0.91%
A year
Riskometer
Very High
Set by the fund house
3 year return
12.6%Direct10.8%Regular
12.6%
A year
Mahindra Manulife Focused Fund NAV Today
NAV on 30-10-2026: Direct Plan Growth ₹27.70 (up 0.07% that day); Regular Plan Growth ₹24.87 (up 0.07% that day).
This fund (Direct plan)
₹27.6996
Mahindra Manulife Focused Fund Returns vs Nifty 500 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)
−0.79%
−6.54%
−5.73%
−7.72%
+12.56%
+12.18%
--
This fund (Regular)
−0.91%
−6.87%
−6.42%
−9.10%
+10.80%
+10.24%
--
Nifty 500 TRI
−0.75%
−6.05%
−2.83%
−7.34%
+10.22%
+8.81%
+12.51%
Focused average
−1.00%
−4.12%
+1.39%
−3.09%
+12.30%
+10.21%
--
Best in Focused
+2.11%
+5.18%
+17.02%
+19.34%
+21.38%
+15.90%
--
Worst in Focused
−5.18%
−8.77%
−5.73%
−14.35%
+7.49%
+3.36%
--
Rank in Focused
15/28
25/28
28/28
23/28
13/27
5/22
--
Category rows compare the Direct plans of 28 Focused funds. Rank 1 is the highest return.
Mahindra Manulife Focused Fund Year-wise Returns
Return of each calendar year
Year
Direct
Regular
Nifty 500 TRI
2026to date
−7.73%
−8.86%
−7.51%
2025
+8.87%
+7.17%
+7.76%
2024
+22.68%
+20.66%
+16.24%
2023
+32.19%
+29.92%
+26.91%
2022
+10.72%
+8.41%
+4.25%
2021
+42.27%
+39.17%
+31.60%
Mahindra Manulife Focused 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 726 periods, one for each trading day from 20-11-2023 to 30-10-2026.
0%5%10%15%20%25%30%
Mahindra Manulife Focused Fund (Direct)
Nifty 500 TRI
Feb 2021 to Feb 2024Aug 2021 to Aug 2024Feb 2022 to Feb 2025Aug 2022 to Aug 2025Feb 2023 to Feb 2026Aug 2023 to Aug 2026
Mahindra Manulife Focused Fund (Direct)Nifty 500 TRI
0%
0%
Below 0%
0%
0%
0-5%
0%
3%
5-10%
5%
26%
10-15%
24%
59%
15-20%
38%
12%
20-25%
33%
0%
Above 25%
Every holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Benchmark median
Beat benchmark
1 year
1,219
12.2%
−9.2%
57.1%
8%
9.3%
88%
2 years
972
21.0%
−4.7%
40.7%
5%
15.8%
92%
3 years
726
21.7%
10.6%
29.8%
0%
16.5%
100%
5 years
234
18.0%
11.3%
24.6%
0%
12.7%
100%
Every SIP holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Benchmark median
Beat benchmark
1 year
60
12.8%
−13.4%
63.4%
10%
10.8%
80%
2 years
48
16.4%
−3.9%
47.0%
4%
11.8%
94%
3 years
36
20.7%
1.0%
36.2%
0%
15.6%
97%
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 500 TRI over the same days. Past returns do not promise future returns.
Mahindra Manulife Focused Fund Risk
How much it swings, and the falls an investor had to sit through
Risk and return
Measure
Mahindra Manulife Focused Fund (Direct)This fund
Nifty 500 TRI
Return (CAGR)
−7.72%
−7.34%
Standard deviation
13.00%
14.48%
Sharpe ratio
-1.00
-0.87
Sortino ratio
-1.31
-1.16
Maximum drawdown
−11.6%
(30-03-2026)
−14.7%
(30-03-2026)
Beta
0.87
1.00
Alpha
−1.99%
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 Focused Fund (Direct)This fund
Nifty 500 TRI
Return (CAGR)
+12.56%
+10.22%
Standard deviation
13.71%
14.30%
Sharpe ratio
0.48
0.29
Sortino ratio
0.65
0.40
Maximum drawdown
−16.5%
(28-02-2025)
−18.6%
(28-02-2025)
Beta
0.93
1.00
Alpha
+2.65%
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 Focused Fund (Direct)This fund
Nifty 500 TRI
Return (CAGR)
+12.18%
+8.81%
Standard deviation
14.04%
14.36%
Sharpe ratio
0.45
0.21
Sortino ratio
0.62
0.28
Maximum drawdown
−16.5%
(28-02-2025)
−18.6%
(28-02-2025)
Beta
0.95
1.00
Alpha
+3.52%
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 Focused Fund (Direct)This fund
Nifty 500 TRI
Return (CAGR)
+18.69%
+14.34%
Standard deviation
14.09%
14.41%
Sharpe ratio
0.94
0.62
Sortino ratio
1.31
0.85
Maximum drawdown
−16.5%
(28-02-2025)
−18.6%
(28-02-2025)
Beta
0.95
1.00
Alpha
+4.81%
0.00%
From daily NAVs, 19-11-2020 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.
−20%−15%−10%−5%0%
Mahindra Manulife Focused Fund (Direct)
Nifty 500 TRI
202120222023202420252026
Mahindra Manulife Focused Fund (Direct)Nifty 500 TRI
Worst fall
High before it
Bottom
Back at the high
Time to climb back
Below its high today
Mahindra Manulife Focused Fund (Direct)
−16.5%
27-09-2024
28-02-2025
11-02-2026
11 months
−9.7%
Nifty 500 TRI
−18.6%
26-09-2024
28-02-2025
Not yet
--
−8.8%
From the Direct plan's daily NAV since 19-11-2020, adjusted for unit splits, and Nifty 500 TRI over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.
Mahindra Manulife Focused Fund vs Other Focused Funds
The five Focused 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 Focused Fund Expense Ratio and Costs
What each plan charges a year, in force from 01-10-2026
Plan
Base expense ratio
Brokerage
Transaction costs
Levies and GST
Total expense ratio
Focused median
Cost rank (1 = cheapest)
Direct
0.55%
0.09%
0.00%
0.27%
0.91%
1.10%
8/28
Regular
1.77%
0.09%
0.00%
0.46%
2.32%
2.23%
19/28
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 Focused 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
−9.10%
−7.72%
1.38%
₹90,900
₹92,280
3 years
10.80%
12.56%
1.76% a year
₹1,36,025
₹1,42,611
5 years
10.24%
12.18%
1.94% a year
₹1,62,816
₹1,77,655
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 Focused 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 19-11-2020 to 30-10-2026: 72 instalments, ₹7,20,000 in all.
Investment
Invested
Value now
Gain
Return a year
Direct planMahindra Manulife Focused Fund (Direct)
₹7,20,000
₹10,37,008
₹3,17,008
12.1%
Regular planMahindra Manulife Focused Fund (Regular)
Direct planMahindra Manulife Focused Fund (Direct)Regular planMahindra Manulife Focused Fund (Regular)Nifty 500 TRICategory averageCategory average, 28 Focused 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 Focused Fund Asset Allocation
Asset allocation as on 30-09-2026
What the fund holds
97.6%Equity
Asset
Fund
Category
Equity
97.6%
93.9%
Cash and others
2.4%
5.0%
Market cap of stocks
Market cap
Fund
Category
Large Cap
77.9%
57.8%
Mid Cap
14.0%
18.9%
Small Cap
4.3%
15.4%
Not on AMFI's list
1.4%
1.4%
Share of the whole fund. Category: the average of the Focused 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 Focused Fund Sector Allocation
Sector allocation of the fund's stocks as on 30-09-2026
Largest sectors
Banks26.8%
Pharmaceuticals & Biotechnology8.3%
Cement & Cement Products6.6%
Petroleum Products6.4%
Finance5.5%
Retailing5.3%
IT - Software5.1%
Construction4.6%
Telecom - Services4.5%
Automobiles4.1%
The ten largest of 19 sectors. The other 9 add up to 20.4%.
Sector changes
Sector
July 2026
August 2026
September 2026
Change
Banks
26.9%
25.7%
26.8%
−0.1%
Pharmaceuticals & Biotechnology
7.5%
8.0%
8.3%
+0.8%
Cement & Cement Products
6.3%
6.8%
6.6%
+0.2%
Petroleum Products
6.5%
6.3%
6.4%
−0.1%
Finance
6.6%
6.0%
5.5%
−1.1%
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 Focused Fund Portfolio Holdings
As on 30-09-2026 · 30 holdings · from the fund house's monthly portfolio
Holdings
Sector
Weight%
Holdings trend
1M change
ICICI Bank Limited
Banks
8.29%
−7.6%
Reliance Industries Limited
Petroleum Products
6.40%
0.0%
HDFC Bank Limited
Banks
6.11%
+60.9%
Axis Bank Limited
Banks
5.08%
+5.3%
Larsen & Toubro Limited
Construction
4.61%
−11.3%
Grasim Industries Limited
Cement & Cement Products
4.59%
−5.2%
State Bank of India
Banks
4.17%
−19.3%
Bajaj Auto Limited
Automobiles
4.06%
−10.0%
Bajaj Finance Ltd
Finance
3.86%
−10.4%
Tech Mahindra Limited
IT - Software
3.67%
0.0%
Adani Ports and Special Economic Zone Limited
Transport Infrastructure
3.52%
0.0%
Avenue Supermarts Limited
Retailing
3.35%
0.0%
Sun Pharmaceutical Industries Limited
Pharmaceuticals & Biotechnology
3.15%
0.0%
IndusInd Bank Limited
Banks
3.15%
0.0%
Vodafone Idea Limited
Telecom - Services
2.79%
0.0%
Biocon Limited
Pharmaceuticals & Biotechnology
2.77%
0.0%
JSW Steel Limited
Ferrous Metals
2.68%
0.0%
Hindustan Aeronautics Limited
Aerospace & Defense
2.42%
+16.8%
Dr Reddys Laboratories Limited
Pharmaceuticals & Biotechnology
2.40%
0.0%
Elgi Equipments Limited
Industrial Products
2.28%
0.0%
DLF Limited
Realty
2.21%
0.0%
JSW Energy Limited
Power
2.05%
New
The Ramco Cements Limited
Cement & Cement Products
2.03%
0.0%
Balkrishna Industries Limited
Auto Components
1.97%
New
Trent Limited
Retailing
1.92%
0.0%
Vedanta Aluminium Metal Limited
Non - Ferrous Metals
1.81%
New
Indus Towers Limited
Telecom - Services
1.75%
0.0%
Piramal Finance Limited
Finance
1.68%
+8.3%
SBI Funds Management Limited
Capital Markets
1.44%
0.0%
Infosys Limited
IT - Software
1.43%
−41.6%
Mahindra Manulife Focused Fund Stocks Bought and Sold
All changes are between August 2026 and September 2026
More
Stocks bought and sold in September 2026
ICICI Bank Limited
↓Reduced
−7.6%
8.29%
HDFC Bank Limited
↑Added
+60.9%
6.11%
State Bank of India
↓Reduced
−19.3%
4.17%
Larsen & Toubro Limited
↓Reduced
−11.3%
4.61%
Axis Bank Limited
↑Added
+5.3%
5.08%
Grasim Industries Limited
↓Reduced
−5.2%
4.59%
Bajaj Auto Limited
↓Reduced
−10.0%
4.06%
Bajaj Finance Ltd
↓Reduced
−10.4%
3.86%
NTPC Limited
↓Sold out
−100%
was 2.87%
Infosys Limited
↓Reduced
−41.6%
1.43%
Hindustan Aeronautics Limited
↑Added
+16.8%
2.42%
JSW Energy Limited
↑New
New
2.05%
Balkrishna Industries Limited
↑New
New
1.97%
Vedanta Aluminium Metal Limited
↑New
New
1.81%
Piramal Finance Limited
↑Added
+8.3%
1.68%
InterGlobe Aviation Limited
↓Sold out
−100%
was 1.61%
Coal India Limited
↓Sold out
−100%
was 1.36%
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 Focused Fund Overview
Fund facts from the scheme summary document, as on 16-10-2026
Expense ratio (Direct)
0.91%
Expense ratio (Regular)
2.32%
Category
Focused
Risk
Very High
Benchmark
Nifty 500 TRI
Launch date
17-11-2020
Minimum investment
₹1,000
Minimum additional investment
₹1,000
AUM
₹1,930.22 Cr (30-09-2026)
Lock in
None
Scheme code (Direct)
148567
ISIN (Direct)
INF174V01AG7
Scheme code (Regular)
148571
ISIN (Regular)
INF174V01AD4
NAV history
From 19-11-2020, 5.9 years
Exit load
• An Exit Load of 1% is payable if Units are redeemed / switched-out upto 3 Months from the date of allotment; • Nil if Units are redeemed / switched-out after 3 Months from the date of allotment.
Tax on Mahindra Manulife Focused Fund returns
Mahindra Manulife Focused 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
₹27.6996
30-10-2026
direct
IDCW
₹18.8498
30-10-2026
regular
Growth
₹24.8724
30-10-2026
regular
IDCW
₹16.5123
30-10-2026
About Mahindra Manulife Focused Fund
Mahindra Manulife Focused Fund is a mutual fund from Mahindra Manulife Mutual Fund. Its category is Focused. It was launched on 17-11-2020. Its benchmark is Nifty 500 TRI. At the end of September 2026 it held 30 securities.
Fund Manager
Krishna Sanghavi
Fund manager of Mahindra Manulife Focused Fund, since 17-11-2020
Kirti Dalvi
Fund manager of Mahindra Manulife Focused Fund, since 21-07-2026
Frequently Asked Questions for Mahindra Manulife Focused Fund
What is the current NAV of Mahindra Manulife Focused Fund?
The Direct plan NAV is ₹27.6996. The Regular plan NAV is ₹24.8724, as on 30-10-2026.
What are the returns of Mahindra Manulife Focused Fund?
The Direct plan returned −7.72% in 1 year, +12.56% a year over 3 years, +12.18% a year over 5 years. The Regular plan returned −9.10% in 1 year, +10.80% a year over 3 years, +10.24% a year over 5 years. These figures are as on 30-10-2026.
What is the expense ratio of Mahindra Manulife Focused Fund?
The Direct plan charges 0.91% a year. The Regular plan charges 2.32% a year. This is the figure the fund house reported to AMFI, in force from 01-10-2026.
What is the AUM of Mahindra Manulife Focused Fund?
Mahindra Manulife Focused Fund managed ₹1,930.22 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
What are the top holdings of Mahindra Manulife Focused Fund?
At the end of September 2026 the largest holdings were ICICIBANK (8.29%), RELIANCE (6.40%), HDFCBANK (6.11%), AXISBANK (5.08%), LT (4.61%). The fund held 30 securities in all.
What did Mahindra Manulife Focused Fund buy and sell in September 2026?
It bought 3 new stocks: JSW Energy Limited, Vedanta Aluminium Metal Limited, Balkrishna Industries Limited. It sold out of 3: Coal India Limited, InterGlobe Aviation Limited, NTPC Limited. It added shares in 4. It reduced 7.
How do I invest in Mahindra Manulife Focused 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 Focused Fund?
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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