Mahindra Manulife Business Cycle Fund Direct-Growth
Equity: Thematic-Business Cycle - Growth (Open ended)
SEBI Riskometer: Very HighCategory: Equity: Thematic-Business CycleBenchmark: NIFTY 500 Total Return IndexCheck Portfolio Overlap →
NAV: ₹14.82-1.96%
23 Oct 2026
Holdings Analysis
Equity, debt and cash allocation snapshot with market cap distribution for Mahindra Manulife Business Cycle Fund Direct-Growth.
Market Cap Distribution
Large Cap (44.6%)
Mid Cap (23.1%)
Small Cap (32.3%)
Historical Asset Allocation
| Asset | 30 Sep 2026 | 31 Aug 2026 | 31 Jul 2026 | 30 Jun 2026 | 31 May 2026 | 30 Apr 2026 |
|---|---|---|---|---|---|---|
| Equity | 96.82% | 96.75% | 97.24% | 98.53% | 98.22% | 97.25% |
| Debt | 0.00% | 0.00% | 0.00% | 0.02% | 0.02% | 0.02% |
| Others (incl. cash) | 3.18% | 3.25% | 2.76% | 1.45% | 1.76% | 2.73% |
| Commodities | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Real Estate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Portfolio Snapshot
No. of Securities
69
P/E Ratio
22.68
P/B Ratio
2.57
Top Holding %
3.85%
Top 5 Holdings %
16.35%
Top 10 Holdings %
28.88%
AUM
₹1,291 Cr
Expense Ratio
0.95%
Since Inception
13.45%
Max Drawdown
-0.21%
Alpha
6.48%
Sharpe Ratio
0.66
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 |
|---|---|---|---|---|---|
| Reliance Industries Ltd. | Energy | 4,18,860 | 49.72 | 3.85% | -0.07%↓ |
| Grasim Industries Ltd. | Materials | 1,35,000 | 41.34 | 3.20% | -0.13%↓ |
| ICICI Bank Ltd. | Financial | 3,00,000 | 39.65 | 3.07% | -0.12%↓ |
| JSW Energy Ltd. | Capital Goods | 7,94,000 | 39.28 | 3.04% | 0.02%↑ |
| Axis Bank Ltd. | Financial | 2,85,000 | 34.94 | 2.71% | -0.01%↓ |
| Bandhan Bank Ltd. | Financial | 18,26,000 | 32.54 | 2.52% | 0.65%↑ |
| Indusind Bank Ltd. | Financial | 3,59,474 | 32.4 | 2.51% | -0.17%↓ |
| Adani Enterprises Ltd. | Services | 1,10,000 | 31.94 | 2.47% | 0.17%↑ |
| Indus Towers Ltd. | Communication | 8,00,000 | 29.86 | 2.31% | 0.03%↑ |
| Bajaj Auto Ltd. | Automobile | 26,733 | 29.07 | 2.25% | -0.12%↓ |
| Tech Mahindra Ltd. | Technology | 1,86,715 | 28.46 | 2.20% | -0.02%↓ |
| Divis Laboratories Ltd. | Healthcare | 30,000 | 27.87 | 2.16% | 0.08%↑ |
| IDFC First Bank Ltd. | Financial | 32,00,000 | 26.06 | 2.02% | 0.00%↑ |
| Vodafone Idea Ltd. | Communication | 1,92,02,548 | 24.87 | 1.93% | -0.09%↓ |
| Ajanta Pharma Ltd. | Healthcare | 66,686 | 24.15 | 1.87% | 0.11%↑ |
| Adani Energy Solutions Ltd. | Energy | 1,76,000 | 23.14 | 1.79% | -0.04%↓ |
| The Ramco Cements Ltd. | Materials | 2,70,000 | 22.83 | 1.77% | 0.03%↑ |
| Steel Authority Of India Ltd. | Metals & Mining | 12,00,000 | 21.78 | 1.69% | 0.40%↑ |
| Kajaria Ceramics Ltd. | Materials | 1,67,666 | 20.71 | 1.60% | 0.07%↑ |
| Glenmark Pharmaceuticals Ltd. | Healthcare | 86,738 | 20.25 | 1.57% | -0.01%↓ |
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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 | 21.09% | 21.95% | 24.11% | 23.73% | 20.36% | 19.51% |
| Materials | 14.04% | 13.61% | 13.20% | 13.76% | 14.22% | 14.40% |
| Capital Goods | 13.30% | 9.07% | 8.75% | 9.52% | 9.58% | 8.97% |
| Healthcare | 9.47% | 10.37% | 10.06% | 10.29% | 10.70% | 9.58% |
| Metals & Mining | 9.10% | 8.80% | 5.62% | 6.33% | 6.48% | 7.42% |
| Energy | 8.27% | 9.14% | 10.54% | 9.99% | 9.80% | 10.26% |
| Automobile | 5.02% | 5.24% | 5.69% | 5.71% | 5.84% | 7.16% |
| Communication | 4.24% | 4.30% | 4.15% | 4.42% | 5.28% | 4.85% |
| Services | 3.97% | 3.35% | 3.41% | 4.16% | 4.20% | 3.01% |
| Technology | 3.16% | 5.42% | 6.18% | 5.97% | 6.75% | 6.72% |
| Textiles | 2.12% | 2.69% | 2.60% | 2.93% | 2.30% | 2.31% |
| Chemicals | 1.77% | 1.71% | 1.27% | - | - | - |
| Consumer Staples | 1.29% | 1.09% | 1.66% | 1.72% | 1.76% | 1.93% |
| Consumer Discretionary | - | - | - | - | 0.95% | 1.13% |
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
60.9 / 100
Weighted average Value score is 60.9. This indicates that portfolio is relatively reasonably valued using composite of value measures.
Price Momentum score
59.1 / 100
Weighted average Price Momentum score is 59.1. This indicates that portfolio has average momentum using composite of momentum measures.
Quality score
64.4 / 100
Weighted average Quality score is 64.4. This indicates that portfolio has average quality using composite of quality measures.
QVM score
70.4 / 100
Weighted average QVM score is 70.4. This indicates that portfolio has average QVM score and hence a neutral stance is warranted.
Red Flags
Frequently Asked Questions
What are the top holdings of Mahindra Manulife Business Cycle Fund Direct-Growth?
The top holdings of Mahindra Manulife Business Cycle Fund Direct-Growth as of 30 Sep 2026 are Reliance Industries Ltd. (3.85%), Grasim Industries Ltd. (3.20%), Others (3.18%), ICICI Bank Ltd. (3.07%), JSW Energy Ltd. (3.04%). These top 5 stocks together account for 16.35% of the total portfolio. You can view the complete holdings breakdown above.
How many stocks does Mahindra Manulife Business Cycle Fund Direct-Growth hold in its portfolio?
Mahindra Manulife Business Cycle Fund Direct-Growth holds 69 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 Business Cycle Fund Direct-Growth?
As of 30 Sep 2026, Mahindra Manulife Business Cycle Fund Direct-Growth's top sector allocations are Financial (21.09%), Materials (14.04%), Capital Goods (13.30%). You can find detailed sector allocation above.
What is the equity and debt allocation of Mahindra Manulife Business Cycle Fund Direct-Growth?
As of 30 Sep 2026, Mahindra Manulife Business Cycle Fund Direct-Growth has 96.82% allocated to equity, and 0.00% to debt. You can also check the historical trends above.
What is the market cap allocation of Mahindra Manulife Business Cycle Fund Direct-Growth?
As of 30 Sep 2026, Mahindra Manulife Business Cycle Fund Direct-Growth's market cap allocation is 44.55% in large caps, 23.11% in mid caps, and 32.34% in small caps.
What is the PE ratio of Mahindra Manulife Business Cycle Fund Direct-Growth's portfolio?
The portfolio PE ratio of Mahindra Manulife Business Cycle Fund Direct-Growth is 22.68 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 Business Cycle Fund Direct-Growth?
A credit rating breakdown is not available for Mahindra Manulife Business Cycle Fund Direct-Growth — its non-equity allocation was 0.00% as of the latest disclosure. This is common when a fund's non-equity holdings are mostly cash or short-term money market instruments, which aren't assigned a credit rating the way bonds are.
When is the latest portfolio disclosure for Mahindra Manulife Business Cycle Fund Direct-Growth?
The latest portfolio disclosure for Mahindra Manulife Business Cycle 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.