mutual funds mahindra manulife aggressive hybrid fund directgrowth

holdings

Mahindra Manulife Aggressive Hybrid Fund Direct-Growth

Hybrid: Aggressive Hybrid - Growth (Open ended)

SEBI Riskometer: Very HighCategory: Hybrid: Aggressive HybridBenchmark: CRISIL Hybrid 35+65 Aggressive IndexCheck Portfolio Overlap →

NAV: ₹28.13-1.15%

23 Oct 2026

Holdings Analysis

Equity, debt and cash allocation snapshot with market cap distribution for Mahindra Manulife Aggressive Hybrid Fund Direct-Growth.

Asset Allocation

As on 30 Sep 2026

Equity

73.88%

Debt

22.43%

Others

2.34%

Real estate

1.35%

Market Cap Distribution

Large Cap (55.2%)

Mid Cap (30.6%)

Small Cap (14.3%)

Historical Asset Allocation

Asset	30 Sep 2026	31 Aug 2026	31 Jul 2026	30 Jun 2026	31 May 2026	30 Apr 2026
Equity	73.88%	74.12%	74.18%	74.62%	76.62%	77.08%
Debt	22.43%	19.79%	19.79%	21.52%	18.47%	20.10%
Others (incl. cash)	2.34%	4.71%	4.58%	2.31%	3.32%	1.71%
Commodities	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Real Estate	1.35%	1.38%	1.45%	1.55%	1.59%	1.11%

Portfolio Snapshot

No. of Securities

111

P/E Ratio

31.22

P/B Ratio

3.76

Top Holding %

4.79%

Top 5 Holdings %

19.40%

Top 10 Holdings %

28.75%

Modified Duration

3.14 yrs

Avg. Maturity

7.21 yrs

Yield to Maturity

7.62%

AUM

₹2,798 Cr

Expense Ratio

0.84%

Since Inception

15.29%

Max Drawdown

-0.25%

Sharpe Ratio

0.45

Top Portfolio Holdings by Weight

Latest portfolio holdings sorted by allocation weight. Includes instrument name, sector, number of shares, market value (₹ Cr) and percentage of net assets. Switch dates or categories using the controls below.

Instrument	Sector	No. of Shares	Value (Rs. Cr)	Weight	Change
ICICI Bank Ltd.	Financial	10,15,000	134.15	4.79%	-0.49%↓
HDFC Bank Ltd.	Financial	18,51,432	131.21	4.69%	0.71%↑
Reliance Industries Ltd.	Energy	5,47,000	64.93	2.32%	-0.18%↓
Bharti Airtel Ltd.	Communication	3,39,000	59.56	2.13%	-0.07%↓
Axis Bank Ltd.	Financial	4,31,765	52.93	1.89%	0.08%↑
Kotak Mahindra Bank Ltd.	Financial	12,42,500	51.81	1.85%	-0.02%↓
Bajaj Finserv Ltd.	Financial	2,89,000	50.03	1.79%	-0.31%↓
Eternal Ltd.	Services	13,80,550	44.18	1.58%	0.07%↑
Larsen & Toubro Ltd.	Construction	1,13,534	42.69	1.53%	-0.12%↓
Tech Mahindra Ltd.	Technology	2,76,000	42.06	1.50%	0.59%↑
Kirloskar Oil Engines Ltd.	Capital Goods	1,71,800	39.59	1.41%	0.12%↑
Adani Energy Solutions Ltd.	Energy	2,98,000	39.18	1.40%	-0.11%↓
Kei Industries Ltd.	Capital Goods	85,951	38.29	1.37%	-0.40%↓
Indusind Bank Ltd.	Financial	4,20,692	37.92	1.36%	-0.18%↓
Adani Enterprises Ltd.	Services	1,30,030	37.75	1.35%	0.02%↑
Zydus Lifesciences Ltd.	Healthcare	3,14,536	36.55	1.31%	-0.00%↓
Dixon Technologies (India) Ltd.	Capital Goods	27,700	36.29	1.30%	-0.18%↓
360 One Wam Ltd.	Financial	3,28,500	33.84	1.21%	0.33%↑
Belrise Industries Ltd.	Automobile	13,78,055	33.12	1.18%	0.04%↑
TVS Motor Company Ltd.	Automobile	80,023	32.86	1.17%	-0.07%↓

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Sector-wise Portfolio Allocation

Equity exposure by sector as a percentage of total net assets, tracked across recent portfolio dates. Identifies concentration risk and sector rotation trends in the fund's holdings.

Sector	30 Sep 2026	31 Aug 2026	31 Jul 2026	30 Jun 2026	31 May 2026	30 Apr 2026
Financial	25.02%	24.59%	26.02%	26.25%	21.68%	21.61%
Capital Goods	6.93%	7.86%	6.69%	5.01%	4.62%	4.04%
Healthcare	6.84%	6.82%	6.07%	6.38%	6.38%	5.96%
Automobile	6.23%	6.58%	6.39%	5.45%	4.73%	4.95%
Energy	5.97%	4.71%	5.39%	4.46%	6.35%	8.09%
Services	5.78%	6.07%	6.42%	5.98%	6.47%	6.77%
Technology	2.55%	2.53%	3.10%	3.60%	6.36%	6.07%
Metals & Mining	2.25%	2.25%	1.48%	1.60%	2.09%	2.58%
Communication	2.13%	2.20%	2.54%	3.59%	3.91%	3.99%
Chemicals	2.11%	2.30%	2.38%	2.56%	2.42%	2.14%
Construction	2.02%	2.26%	2.38%	2.57%	2.65%	2.70%
Materials	1.86%	1.66%	1.02%	1.01%	0.69%	1.37%
Consumer Staples	1.65%	1.75%	1.95%	2.63%	4.62%	3.83%
Consumer Discretionary	1.52%	1.41%	1.38%	1.43%	1.55%	1.93%
Textiles	1.02%	1.14%	0.97%	1.16%	1.07%	1.05%
Insurance	-	-	-	0.94%	1.03%	-

Debt Holdings — Credit Quality Profile

Allocation of debt instruments by credit rating (AAA, AA, A, and below investment grade) as a percentage of net assets, compared against the category average. Higher AAA allocation indicates lower credit risk.

Rating	Fund	Category
A1+	6.37%	2.84%
AAA	5.53%	5.96%
SOV	5.22%	6.44%
AA+	3.37%	1.82%
Cash & Call Money	2.28%	5.02%
AA	1.93%	0.60%
Cash	0.06%	0.07%
Others	0.01%	0.03%
A	-	0.01%
A+	-	0.06%
AA-	-	0.40%
B+	-	0.00%
BBB	-	0.00%
D	-	2.32%
Term Deposits	-	0.05%

Equity Insights

A detailed look at the equity holdings of this scheme — aggregated scores on value, momentum, quality parameters along with diversification and performance analysis.

Style Analysis

Value score

49.5 / 100

Weighted average Value score is 49.5. This indicates that portfolio is relatively reasonably valued using composite of value measures.

Price Momentum score

55.8 / 100

Weighted average Price Momentum score is 55.8. This indicates that portfolio has average momentum using composite of momentum measures.

Quality score

67.3 / 100

Weighted average Quality score is 67.3. This indicates that portfolio has average quality using composite of quality measures.

QVM score

64.2 / 100

Weighted average QVM score is 64.2. This indicates that portfolio has average QVM score and hence a neutral stance is warranted.

Red Flags

Earnings manipulation risk (Beneish M-score)

Following stocks have high risk of potential earnings manipulation (Beneish M-score > -1.78):

Name	Value
Adani Enterprises Ltd.	-1.63
CG Power and Industrial Solutions Ltd.	-0.65
Trent Ltd.	-1.78
Zydus Lifesciences Ltd.	-1.55
Adani Energy Solutions Ltd.	-1.57
Arvind Fashions Ltd.	-1.68
Max Healthcare Institute Ltd.	-1.68
Aegis Vopak Terminals Ltd.	-0.23
Clean Max Enviro Energy Solutions Ltd.	-1.15

Declining revenues

Following companies have seen their sales decline for 2 consecutive quarters (measured on yoy basis): Dr. Reddys Laboratories Ltd.

Negative cash flow from operations

Following companies have not generated positive operating cash flow for 2 consecutive financial years: 360 One Wam Ltd., Vedanta Aluminium Metal Ltd., Bajaj Finserv Ltd., Cochin Shipyard Ltd., Fedbank Financial Services Ltd, Godrej Properties Ltd., Grasim Industries Ltd., HDB Financial Services Ltd., Shriram Finance Ltd., Tata Capital Ltd.

High leverage

Following companies have debt to equity of greater than 2:

Name	Value
Grasim Industries Ltd.	2.2
Tata Power Company Ltd.	2.02
TVS Motor Company Ltd.	3.43
Interglobe Aviation Ltd.	11.15
Clean Max Enviro Energy Solutions Ltd.	3.11

Debt Insights

A detailed look at the debt holdings of this scheme — Is the scheme yielding enough? Includes credit quality, instrument breakdown and SEBI risk classification.

SEBI PRC matrix

Credit risk

	Interest risk
	Low	Moderate	High
Low
Moderate
High

Instruments

Full name	Description	Coupon rate	Maturity	Rating raw	Weight
GOI	GOI Securities	7.71%	18/05/2066	SOV	1.70%
GOI	GOI Securities	7.24%	18/08/2055	SOV	1.53%
Maharashtra State	State Development Loan	7.20%	23/10/2036	SOV	1.20%
Bharti Telecom Ltd.	Debenture	8.75%	05/11/2028	CRISIL AAA	0.97%
Cholamandalam Investment and Finance Company Ltd.	Debenture	0.00%	27/02/2029	ICRA AA+	0.71%
Aditya Birla Real Estate Ltd	Non Convertible Debenture	8.55%	30/08/2029	CRISIL AA	0.71%
LIC Housing Finance Ltd.	Bonds	7.90%	23/06/2027	CRISIL AAA	0.54%
TVS Credit Services Ltd.	Non Convertible Debenture	8.85%	11/06/2027	CRISIL AA+	0.54%
Tata Housing Devp. Co. Ltd	Debenture	7.51%	08/12/2028	CARE AA	0.53%
360 ONE Wealth Ltd.	Debenture	9.15%	19/06/2029	ICRA AA	0.53%
HDFC Securities Ltd.	Commercial Paper	0.00%	91-D 09/11/2026	CRISIL A1+	0.53%
Embassy Office Parks REIT	Bonds	7.73%	14/12/2029	CRISIL AAA	0.53%
National Bank For Agriculture & Rural Development	Debenture	7.80%	15/03/2027	ICRA AAA	0.39%
REC Ltd.	Non Convertible Debenture	7.64%	30/04/2027	ICRA AAA	0.39%
LIC Housing Finance Ltd.	Debenture	7.84%	11/05/2027	CRISIL AAA	0.39%
Muthoot Finance Ltd.	Non Convertible Debenture	8.90%	07/10/2027	CRISIL AA+	0.36%
Godrej Industries Ltd.	Debenture	8.42%	27/12/2027	CRISIL AA+	0.36%
Godrej Industries Ltd.	Non Convertible Debenture	8.40%	27/08/2027	CRISIL AA+	0.36%
Muthoot Finance Ltd.	Debenture	8.52%	07/04/2028	CRISIL AA+	0.36%
Fedbank Financial Services Ltd.	Commercial Paper	0.00%	65-D 23/10/2026	CRISIL A1+	0.36%
Embassy Office Parks REIT	Debenture	7.21%	17/03/2028	CRISIL AAA	0.35%
Bharti Telecom Ltd.	Debenture	7.40%	01/02/2029	CRISIL AAA	0.35%
Indian Railway Finance Corporation Ltd.	Bonds	7.83%	21/03/2027	CRISIL AAA	0.32%
TVS Credit Services Ltd.	Non Convertible Debenture	9.30%	27/06/2029	ICRA AA+	0.29%
Nuvama Wealth and Investment Limited	Commercial Paper	0.00%	10/12/2026	CRISIL A1+	0.28%
Power Finance Corporation Ltd.	Non Convertible Debenture	7.55%	15/04/2027	CRISIL AAA	0.27%
Small Industries Devp. Bank of India Ltd.	Bonds	7.79%	19/04/2027	CRISIL AAA	0.27%
JM Financial Services Pvt. Ltd.	Commercial Paper	0.00%	365-D 22/01/2027	CRISIL A1+	0.21%
Small Industries Devp. Bank of India Ltd.	Certificate of Deposit	0.00%	04/02/2027	CRISIL A1+	0.21%
LIC Housing Finance Ltd.	Debenture	7.74%	22/10/2027	CRISIL AAA	0.18%
REC Ltd.	Bonds	6.95%	18/02/2028	CRISIL AAA	0.18%
Indian Bank	Certificate of Deposit	0.00%	12/01/2027	CRISIL A1+	0.18%
National Bank For Agriculture & Rural Development	Debenture	8.18%	26/12/2028	CRISIL AAA	0.18%
Muthoot Finance Ltd.	Debenture	9.02%	14/07/2027	CRISIL AA+	0.18%
Small Industries Devp. Bank of India Ltd.	Certificate of Deposit	0.00%	27/08/2027	CRISIL A1+	0.17%
Piramal Finance Pvt. Ltd.	Bonds/NCDs	8.75%	29/10/2027	ICRA AA+	0.11%
Godrej Properties Ltd.	Debenture	8.30%	19/03/2027	ICRA AA+	0.11%
Sundaram Finance Ltd.	Debenture	7.05%	11/10/2028	ICRA AAA	0.09%
Bajaj Housing Finance Ltd.	Debenture	7.08%	12/06/2030	CRISIL AAA	0.09%
360 ONE Wealth Ltd.	Debenture	0.00%	25/07/2028	ICRA AA	0.09%
360 ONE Wealth Ltd.	Debenture	9.61%	18/01/2027	CRISIL AA	0.07%
National Bank For Agriculture & Rural Development	Bonds	7.01%	26-D 16/03/2029	CRISIL AAA	0.04%

Frequently Asked Questions

What are the top holdings of Mahindra Manulife Aggressive Hybrid Fund Direct-Growth?

The top holdings of Mahindra Manulife Aggressive Hybrid Fund Direct-Growth as of 30 Sep 2026 are ICICI Bank Ltd. (4.79%), HDFC Bank Ltd. (4.69%), Mahindra Manulife Liquid Fund Direct -Growth (4.65%), Others (2.95%), Reliance Industries Ltd. (2.32%). These top 5 stocks together account for 19.40% of the total portfolio. You can view the complete holdings breakdown above.

How many stocks does Mahindra Manulife Aggressive Hybrid Fund Direct-Growth hold in its portfolio?

Mahindra Manulife Aggressive Hybrid Fund Direct-Growth holds 111 stocks in its portfolio as of 30 Sep 2026. The fund's portfolio size reflects the fund manager's investment approach, a more concentrated portfolio indicates higher conviction bets, while a larger number of holdings suggests a more diversified strategy.

What is the sector allocation of Mahindra Manulife Aggressive Hybrid Fund Direct-Growth?

As of 30 Sep 2026, Mahindra Manulife Aggressive Hybrid Fund Direct-Growth's top sector allocations are Financial (25.02%), Capital Goods (6.93%), Healthcare (6.84%). You can find detailed sector allocation above.

What is the equity and debt allocation of Mahindra Manulife Aggressive Hybrid Fund Direct-Growth?

As of 30 Sep 2026, Mahindra Manulife Aggressive Hybrid Fund Direct-Growth has 73.88% allocated to equity, and 22.43% to debt. You can also check the historical trends above.

What is the market cap allocation of Mahindra Manulife Aggressive Hybrid Fund Direct-Growth?

As of 30 Sep 2026, Mahindra Manulife Aggressive Hybrid Fund Direct-Growth's market cap allocation is 55.19% in large caps, 30.56% in mid caps, and 14.25% in small caps.

What is the PE ratio of Mahindra Manulife Aggressive Hybrid Fund Direct-Growth's portfolio?

The portfolio PE ratio of Mahindra Manulife Aggressive Hybrid Fund Direct-Growth is 31.22 as of 30 Sep 2026. The portfolio PE ratio tells you how expensive or cheap the fund's holdings are relative to their earnings.

What is the credit quality of Mahindra Manulife Aggressive Hybrid Fund Direct-Growth?

As of 30 Sep 2026, Mahindra Manulife Aggressive Hybrid Fund Direct-Growth's debt portfolio has 5.53% in AAA-rated instruments, 1.93% in AA-rated, and 5.22% in sovereign securities. Higher allocation to AAA and sovereign instruments indicates lower credit risk in the non-equity portion of the portfolio.

When is the latest portfolio disclosure for Mahindra Manulife Aggressive Hybrid Fund Direct-Growth?

The latest portfolio disclosure for Mahindra Manulife Aggressive Hybrid Fund Direct-Growth is as of 30 Sep 2026. SEBI requires all mutual funds to disclose their complete portfolio holdings on a monthly basis, typically within 10 days of the end of each month.