Mahindra Manulife Value Fund is a Value and Contra fund run by Mahindra Manulife Mutual Fund. On 30-09-2026, it managed ₹1,015 Cr of investors' money. In the year to 30-10-2026, its Direct plan returned −0.6% and its Regular plan returned −2.3%. Its benchmark, Nifty 500 TRI, returned −7.3% over the same year.
NAV (Direct plan)
₹11.85
▼ 1.18% · 30-10-2026
NAV (Regular plan)
₹11.51
▼ 1.18% · 30-10-2026
Expense ratio
1.06%Direct2.58%Regular
1.06%
A year
Riskometer
Very High
Set by the fund house
1 year return
−0.6%Direct−2.3%Regular
−0.6%
Total
Mahindra Manulife Value Fund NAV Today
NAV on 30-10-2026: Direct Plan Growth ₹11.85 (down 1.18% that day); Regular Plan Growth ₹11.51 (down 1.18% that day).
This fund (Direct plan)
₹11.8478
Mahindra Manulife Value 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)
−4.44%
−7.82%
−4.27%
−0.61%
--
--
--
This fund (Regular)
−4.56%
−8.17%
−5.04%
−2.28%
--
--
--
Nifty 500 TRI
−0.75%
−6.05%
−2.83%
−7.34%
+10.22%
+8.81%
+12.51%
Value and Contra average
−2.09%
−5.76%
−3.23%
−5.72%
--
--
--
Best in Value and Contra
+1.07%
−2.13%
+5.94%
+10.90%
--
--
--
Worst in Value and Contra
−6.48%
−8.85%
−7.78%
−11.71%
--
--
--
Rank in Value and Contra
25/30
24/26
16/25
5/25
--
--
--
Category rows compare the Direct plans of 30 Value and Contra funds. Rank 1 is the highest return.
Mahindra Manulife Value Fund Year-wise Returns
Return of each calendar year
Year
Direct
Regular
Nifty 500 TRI
2026to date
−2.71%
−4.05%
−7.51%
Mahindra Manulife Value 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 1-year holding period, plotted on the day it ended. There are 162 periods, one for each trading day from 05-03-2026 to 30-10-2026.
−10%−5%0%5%10%15%20%
Mahindra Manulife Value Fund (Direct)
Nifty 500 TRI
Mar 2025 to Mar 2026May 2025 to May 2026Jun 2025 to Jun 2026Jul 2025 to Jul 2026Sept 2025 to Sept 2026Oct 2025 to Oct 2026
Mahindra Manulife Value Fund (Direct)Nifty 500 TRI
3%
37%
Below 0%
3%
41%
0-5%
27%
20%
5-10%
40%
3%
10-15%
28%
0%
15-20%
0%
0%
20-25%
0%
0%
Above 25%
Every holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Benchmark median
Beat benchmark
1 year
162
11.1%
−1.3%
19.0%
3%
1.1%
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 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 Value Fund Risk
How much it swings, and the falls an investor had to sit through
Risk and return
Measure
Mahindra Manulife Value Fund (Direct)This fund
Nifty 500 TRI
Return (CAGR)
−0.61%
−7.34%
Standard deviation
15.42%
14.48%
Sharpe ratio
-0.38
-0.87
Sortino ratio
-0.50
-1.16
Maximum drawdown
−11.5%
(31-03-2026)
−14.7%
(30-03-2026)
Beta
1.03
1.00
Alpha
+7.06%
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 Value Fund (Direct)This fund
Nifty 500 TRI
Return (CAGR)
+10.22%
+5.87%
Standard deviation
14.56%
13.94%
Sharpe ratio
0.33
0.03
Sortino ratio
0.45
0.04
Maximum drawdown
−11.5%
(31-03-2026)
−14.7%
(30-03-2026)
Beta
1.00
1.00
Alpha
+4.35%
0.00%
From daily NAVs, 05-03-2025 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.
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.
−15%−10%−5%0%
Mahindra Manulife Value Fund (Direct)
Nifty 500 TRI
2026
Mahindra Manulife Value 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 Value Fund (Direct)
−11.5%
11-02-2026
31-03-2026
22-04-2026
22 days
−10.1%
Nifty 500 TRI
−14.7%
02-01-2026
30-03-2026
Not yet
--
−8.4%
From the Direct plan's daily NAV since 05-03-2025, 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 Value Fund vs Other Value and Contra Funds
The five Value and Contra 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 Value 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
Value and Contra median
Cost rank (1 = cheapest)
Direct
0.59%
0.12%
0.01%
0.34%
1.06%
1.18%
10/30
Regular
1.93%
0.12%
0.01%
0.52%
2.58%
2.27%
22/30
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 Value and Contra 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
−2.28%
−0.61%
1.67%
₹97,720
₹99,390
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 Value 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 05-03-2025 to 30-10-2026: 20 instalments, ₹2,00,000 in all.
Investment
Invested
Value now
Gain
Return a year
Direct planMahindra Manulife Value Fund (Direct)
₹2,00,000
₹2,02,173
₹2,173
1.2%
Regular planMahindra Manulife Value Fund (Regular)
₹2,00,000
₹1,99,129
−₹871
−0.5%
Nifty 500 TRI
₹2,00,000
₹1,95,212
−₹4,788
−2.8%
Category averageCategory average, 30 Value and Contra funds
₹2,00,000
₹1,97,234
−₹2,766
−1.6%
₹0₹50,000₹1.0 L₹1.5 L₹2.0 L₹2.5 L
Direct planMahindra Manulife Value Fund (Direct)
Regular planMahindra Manulife Value Fund (Regular)
Nifty 500 TRI
Category averageCategory average, 30 Value and Contra funds
Amount invested
2026
Direct planMahindra Manulife Value Fund (Direct)Regular planMahindra Manulife Value Fund (Regular)Nifty 500 TRICategory averageCategory average, 30 Value and Contra 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 Value Fund Asset Allocation
Asset allocation as on 30-09-2026
What the fund holds
98.4%Equity
Asset
Fund
Category
Equity
98.4%
91.8%
Cash and others
1.6%
7.3%
Market cap of stocks
Market cap
Fund
Category
Large Cap
48.4%
51.3%
Mid Cap
21.6%
16.3%
Small Cap
27.5%
22.1%
Not on AMFI's list
0.9%
1.5%
Share of the whole fund. Category: the average of the Value and Contra 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 Value Fund Sector Allocation
Sector allocation of the fund's stocks as on 30-09-2026
Largest sectors
Banks19.8%
Pharmaceuticals & Biotechnology8.4%
Industrial Products7.1%
Power5.0%
Cement & Cement Products4.7%
Auto Components4.6%
Finance4.6%
IT - Software4.5%
Petroleum Products4.1%
Telecom - Services4.1%
The ten largest of 27 sectors. The other 17 add up to 31.5%.
Sector changes
Sector
July 2026
August 2026
September 2026
Change
Banks
19.7%
16.7%
19.8%
+0.1%
Pharmaceuticals & Biotechnology
9.0%
8.7%
8.4%
−0.6%
Industrial Products
4.1%
5.8%
7.1%
+3.0%
Power
7.2%
5.3%
5.0%
−2.2%
Cement & Cement Products
5.5%
5.0%
4.7%
−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 Value Fund Portfolio Holdings
As on 30-09-2026 · 68 holdings · from the fund house's monthly portfolio
Holdings
Sector
Weight%
Holdings trend
1M change
Reliance Industries Limited
Petroleum Products
4.09%
+25.0%
HDFC Bank Limited
Banks
3.62%
+137.3%
Axis Bank Limited
Banks
3.62%
+50.0%
ICICI Bank Limited
Banks
3.58%
0.0%
Life Insurance Corporation Of India
Insurance
2.73%
+84.2%
Adani Enterprises Limited
Metals & Minerals Trading
2.40%
0.0%
Jindal Saw Ltd
Industrial Products
2.37%
0.0%
Oil India Limited
Oil
2.25%
0.0%
Vodafone Idea Limited
Telecom - Services
2.21%
0.0%
Bandhan Bank Limited
Banks
2.12%
+24.9%
JSW Energy Limited
Power
2.07%
0.0%
IndusInd Bank Limited
Banks
2.01%
0.0%
Ambuja Cements Limited
Cement & Cement Products
1.96%
0.0%
Bajaj Auto Limited
Automobiles
1.93%
0.0%
Steel Authority of India Limited
Ferrous Metals
1.88%
+16.7%
Indus Towers Limited
Telecom - Services
1.86%
0.0%
IDFC First Bank Limited
Banks
1.73%
0.0%
Carborundum Universal Limited
Industrial Products
1.70%
0.0%
Tube Investments Of India Limited
Auto Components
1.69%
0.0%
Glenmark Pharmaceuticals Limited
Pharmaceuticals & Biotechnology
1.65%
0.0%
Grasim Industries Limited
Cement & Cement Products
1.64%
0.0%
Alkem Laboratories Limited
Pharmaceuticals & Biotechnology
1.62%
+52.8%
Punjab National Bank
Banks
1.61%
0.0%
Adani Energy Solutions Limited
Power
1.51%
0.0%
Sun Pharmaceutical Industries Limited
Pharmaceuticals & Biotechnology
1.49%
0.0%
Tech Mahindra Limited
IT - Software
1.43%
0.0%
Shriram Finance Limited
Finance
1.42%
0.0%
HBL Engineering Limited
Industrial Products
1.40%
New
Engineers India Limited
Construction
1.37%
−10.0%
Balrampur Chini Mills Limited
Agricultural Food & other Products
1.37%
0.0%
Mahindra Logistics Limited
Transport Services
1.36%
0.0%
Jio Financial Services Limited
Finance
1.28%
0.0%
Voltamp Transformers Limited
Electrical Equipment
1.26%
0.0%
Hindustan Zinc Limited
Non - Ferrous Metals
1.25%
0.0%
Vedanta Aluminium Metal Limited
Non - Ferrous Metals
1.22%
0.0%
Biocon Limited
Pharmaceuticals & Biotechnology
1.20%
0.0%
NMDC Limited
Minerals & Mining
1.18%
0.0%
Zydus Lifesciences Limited
Pharmaceuticals & Biotechnology
1.14%
0.0%
Maruti Suzuki India Limited
Automobiles
1.13%
0.0%
Elecon Engineering Company Limited
Electrical Equipment
1.13%
0.0%
The Ramco Cements Limited
Cement & Cement Products
1.12%
0.0%
KEC International Limited
Construction
1.12%
0.0%
HEG Advanced Materials Ltd
Industrial Products
1.11%
+251.1%
Tata Consultancy Services Limited
IT - Software
1.11%
0.0%
SPR Auto Technologies Ltd
Auto Components
1.05%
−26.8%
CEAT Limited
Auto Components
1.02%
0.0%
REC Limited
Finance
1.02%
0.0%
Infosys Limited
IT - Software
0.99%
−28.4%
K.P.R. Mill Limited
Textiles & Apparels
0.98%
0.0%
HCL Technologies Limited
IT - Software
0.93%
0.0%
Kajaria Ceramics Limited
Consumer Durables
0.93%
0.0%
HEG Graphite Ltd
Miscellaneous
0.92%
New
HDFC Life Insurance Company Limited
Insurance
0.90%
New
IIFL Finance Limited
Finance
0.89%
0.0%
Cipla Limited
Pharmaceuticals & Biotechnology
0.89%
0.0%
Container Corporation of India Limited
Transport Services
0.88%
+33.3%
Asahi India Glass Limited
Auto Components
0.86%
0.0%
Coal India Limited
Consumable Fuels
0.84%
0.0%
Mazagon Dock Shipbuilders Limited
Industrial Manufacturing
0.83%
0.0%
Ujjivan Small Finance Bank Limited
Banks
0.83%
0.0%
Gujarat Industries Power Company Limited
Power
0.81%
0.0%
LMW Limited
Industrial Manufacturing
0.76%
0.0%
Canara Bank
Banks
0.71%
0.0%
CESC Limited
Power
0.56%
−15.7%
Kirloskar Brothers Limited
Industrial Products
0.52%
−23.6%
Deepak Nitrite Limited
Chemicals & Petrochemicals
0.45%
0.0%
Gokaldas Exports Limited
Textiles & Apparels
0.44%
−36.5%
Anthem Biosciences Limited
Pharmaceuticals & Biotechnology
0.43%
−49.4%
Mahindra Manulife Value Fund Stocks Bought and Sold
All changes are between August 2026 and September 2026
More
Stocks bought and sold in September 2026
Reliance Industries Limited
↑Added
+25.0%
4.09%
HDFC Bank Limited
↑Added
+137.3%
3.62%
Axis Bank Limited
↑Added
+50.0%
3.62%
Life Insurance Corporation Of India
↑Added
+84.2%
2.73%
Bandhan Bank Limited
↑Added
+24.9%
2.12%
Steel Authority of India Limited
↑Added
+16.7%
1.88%
Alkem Laboratories Limited
↑Added
+52.8%
1.62%
Infosys Limited
↓Reduced
−28.4%
0.99%
SPR Auto Technologies Ltd
↓Reduced
−26.8%
1.05%
HBL Engineering Limited
↑New
New
1.40%
Engineers India Limited
↓Reduced
−10.0%
1.37%
Coforge Limited
↓Sold out
−100%
was 1.16%
HEG Advanced Materials Ltd
↑Added
+251.1%
1.11%
HEG Graphite Ltd
↑New
New
0.92%
HDFC Life Insurance Company Limited
↑New
New
0.90%
Anthem Biosciences Limited
↓Reduced
−49.4%
0.43%
Container Corporation of India Limited
↑Added
+33.3%
0.88%
GAIL (India) Limited
↓Sold out
−100%
was 0.86%
Gokaldas Exports Limited
↓Reduced
−36.5%
0.44%
Kirloskar Brothers Limited
↓Reduced
−23.6%
0.52%
CESC Limited
↓Reduced
−15.7%
0.56%
NBCC (India) Limited
↓Sold out
−100%
was 0.59%
Petronet LNG Limited
↓Sold out
−100%
was 0.44%
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 Value Fund Overview
Fund facts from the scheme summary document, as on 16-10-2026
Expense ratio (Direct)
1.06%
Expense ratio (Regular)
2.58%
Category
Value and Contra
Risk
Very High
Benchmark
Nifty 500 TRI
Launch date
03-03-2025
Minimum investment
₹1,000
Minimum additional investment
₹1,000
AUM
₹1,014.76 Cr (30-09-2026)
Lock in
None
Scheme code (Direct)
153303
ISIN (Direct)
INF174V01CI9
Scheme code (Regular)
153304
ISIN (Regular)
INF174V01CF5
NAV history
From 05-03-2025, 1.7 years
Exit load
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).
Tax on Mahindra Manulife Value Fund returns
Mahindra Manulife Value 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
₹11.8478
30-10-2026
direct
IDCW
₹11.8478
30-10-2026
regular
Growth
₹11.5106
30-10-2026
regular
IDCW
₹11.5106
30-10-2026
About Mahindra Manulife Value Fund
Mahindra Manulife Value Fund is a mutual fund from Mahindra Manulife Mutual Fund. Its category is Value and Contra. It was launched on 03-03-2025. Its benchmark is Nifty 500 TRI. At the end of September 2026 it held 68 securities.
Fund Manager
Krishna Sanghavi
Fund manager of Mahindra Manulife Value Fund, since 03-03-2025
Vishal Jajoo
Fund manager of Mahindra Manulife Value Fund, since 03-03-2025
Frequently Asked Questions for Mahindra Manulife Value Fund
What is the current NAV of Mahindra Manulife Value Fund?
The Direct plan NAV is ₹11.8478. The Regular plan NAV is ₹11.5106, as on 30-10-2026.
What are the returns of Mahindra Manulife Value Fund?
The Direct plan returned −0.61% in 1 year. The Regular plan returned −2.28% in 1 year. These figures are as on 30-10-2026.
What is the expense ratio of Mahindra Manulife Value Fund?
The Direct plan charges 1.06% a year. The Regular plan charges 2.58% 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 Value Fund?
Mahindra Manulife Value Fund managed ₹1,014.76 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
What are the top holdings of Mahindra Manulife Value Fund?
At the end of September 2026 the largest holdings were RELIANCE (4.09%), HDFCBANK (3.62%), AXISBANK (3.62%), ICICIBANK (3.58%), LICI (2.73%). The fund held 68 securities in all.
What did Mahindra Manulife Value Fund buy and sell in September 2026?
It bought 3 new stocks: HEG Graphite Ltd, HBL Engineering Limited, HDFC Life Insurance Company Limited. It sold out of 4: NBCC (India) Limited, GAIL (India) Limited, Petronet LNG Limited, Coforge Limited. It added shares in 9. It reduced 7.
How do I invest in Mahindra Manulife Value 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 Value 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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