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mahindra manulife multi asset allocation fund directgrowth
Mahindra Manulife Mutual Fund

Mahindra Manulife Multi Asset Allocation Fund Direct-Growth

Hybrid: Multi Asset Allocation - Growth (Open ended)
Risk levelCategoryBenchmark
Copyright © 2026 sharpely. All rights reserved.
Factsheet
SEBI Riskometer: Very HighCategory: Hybrid: Multi Asset AllocationCheck Portfolio Overlap →
NAV: ₹14.53-0.37%
07 Sept 2026
1 Week returns: -0.44 %
Category rank: 4/33
1 Month returns: 0.22 %
Category rank: 5/33
1 Year CAGR: 16.55 %
Category rank: 3/27
3 Years CAGR: -
Category rank: -
5 Years CAGR: -
Category rank: -
52 week high/low
₹12.44
₹14.69
AUM
1195.63
Expense Ratio
0.60
Inception
1710460.00
P/E
24.69
P/B
3.27
Credit Risk
Low
IR Risk
High
YTM
7.53
Duration
2.51
Maturity
4.10
Return 3Y
-
Return 5Y
-

Key Talking Points

Important talking points about the scheme's performance, expense ratio and other factors — grouped by positive, negative, and neutral stance.
Positive
Relatively low expense ratio

Expense ratio of the scheme (0.6%) is lower than average expense ratio of the category (1.29%), excluding index funds and ETFs

This measures the relative expense of the scheme with respect to average expense ratio of the category. Investors should always prefer schemes with lower expense, everything else remaining the same

What is Expense ratio?

Negative
Not enough talking points with negative stance
Neutral
Not enough performance data

Since this is a relatively new scheme (less than 3 years), we do not have sufficient data to conduct meaningful performance analysis

Scheme Overview

The Scheme seek to generate long-term capital appreciation and income by investing in equity and equity related securities, debt & money market instruments, Gold/Silver ETFs and Exchange Traded Commodity Derivatives (ETCDs) as permitted by SEBI from time to time.

Scheme Category Overview →

Plan Variants

Mahindra Manulife Multi Asset Allocation Fund Direct-IDCW
Plan
IDCW
Payout
Irregular

Fund Managers

Rahul Pal
Since: 20 Feb 2024
View details
Education
Mr. Pal is a B.Com (H) and Chartered Accountant.
Past Experience
Prior to joining Mahindra Manulife Mutual Fund, he has worked with Taurus AMC, Sundaram Mutual Fund and IDBI Mutual Fund.
Kush Sonigara
Since: 1 Jan 2026
View details
Education
Mr. Sonigara is a B.Com (FM), FRM
Past Experience
Prior to joining Mahindra Manulife Mutual Fund, he has worked with Taurus Asset Management Co. Ltd., My Capital Solutions Pvt. Ltd. and TBNG Financial Consultants.
Renjith Sivaram Radhakrishnan
Since: 20 Feb 2024
View details
Education
Mr. Sivaram is an MBA in Finance and holds a Bachelor’s degree in Mechanical engineering
Past Experience
Prior to joining Mahindra Manulife Mutual Fund, he was associated with ICCI Securities, Antique Stock Broking, B&K Securities and Indian Seamless Steels and Alloys Ltd

Key Scheme Details

Inception
14 Mar 2024
Expense Ratio
0.6%
AUM
₹1,195.63 Cr
Lock in
No lock in
Taxation
Others
Min. Investment
₹1,000
Min. Addl Investment
-
Min. SIP Investment
₹500
Exit load
Exit load of 0.5%, if redeemed within 3 months.

AMC Overview

Mahindra Manulife Mutual Fund background and AUM insights, category-wise distribution and historical AUM growth.

AUM Analysis

AUM distribution as on date:
Jul 31, 2026
Total AUM: ₹ 37,713 Cr
Equity
₹ 29,856 Cr
Hybrid
₹ 5,414 Cr
Debt
₹ 2,443 Cr
Dec 31, 2021Jan 31, 2022Feb 28, 2022Mar 31, 2022Apr 30, 2022May 31, 2022Jun 30, 2022Jul 31, 2022Aug 31, 2022Sep 30, 2022Oct 31, 2022Nov 30, 2022Dec 31, 2022Jan 31, 2023Feb 28, 2023Mar 31, 2023Apr 30, 2023May 31, 2023Jun 30, 2023Jul 31, 2023Aug 31, 2023Sep 30, 2023Oct 31, 2023Nov 30, 2023Dec 31, 2023Jan 31, 2024Feb 29, 2024Mar 31, 2024Apr 30, 2024May 31, 2024Jun 30, 2024Jul 31, 2024Aug 31, 2024Sep 30, 2024Oct 31, 2024Nov 30, 2024Dec 31, 2024Jan 31, 2025Feb 28, 2025Mar 31, 2025Apr 30, 2025May 31, 2025Jun 30, 2025Jul 31, 2025Aug 31, 2025Sep 30, 2025Oct 31, 2025Nov 30, 2025Dec 31, 2025Jan 31, 2026Feb 28, 2026Mar 31, 2026Apr 30, 2026May 31, 2026Jun 30, 2026Jul 31, 2026
equity4,322 Cr4,495 Cr4,418 Cr4,847 Cr4,967 Cr4,933 Cr4,836 Cr5,426 Cr5,790 Cr5,775 Cr6,076 Cr6,227 Cr6,604 Cr6,545 Cr6,562 Cr6,743 Cr7,092 Cr7,481 Cr8,025 Cr8,678 Cr9,415 Cr10,823 Cr10,819 Cr11,980 Cr13,378 Cr14,599 Cr15,082 Cr15,525 Cr16,988 Cr17,736 Cr20,291 Cr22,088 Cr23,055 Cr23,910 Cr23,004 Cr22,513 Cr22,298 Cr21,241 Cr19,685 Cr21,725 Cr22,629 Cr23,889 Cr25,189 Cr25,106 Cr24,784 Cr25,202 Cr26,458 Cr26,644 Cr26,671 Cr26,248 Cr26,733 Cr24,435 Cr27,528 Cr28,031 Cr29,134 Cr29,856 Cr
hybrid1,214 Cr1,333 Cr1,362 Cr1,435 Cr1,477 Cr1,525 Cr1,533 Cr1,635 Cr1,698 Cr1,674 Cr1,735 Cr1,762 Cr1,738 Cr1,700 Cr1,672 Cr1,677 Cr1,694 Cr1,711 Cr1,747 Cr1,788 Cr1,786 Cr1,815 Cr1,805 Cr1,909 Cr2,034 Cr2,166 Cr2,240 Cr2,564 Cr2,716 Cr2,782 Cr2,958 Cr3,321 Cr3,459 Cr3,584 Cr3,574 Cr3,639 Cr3,666 Cr3,636 Cr3,491 Cr3,657 Cr3,769 Cr3,878 Cr4,015 Cr4,013 Cr4,032 Cr4,124 Cr4,303 Cr4,453 Cr4,634 Cr4,709 Cr4,835 Cr4,531 Cr4,892 Cr4,959 Cr5,164 Cr5,414 Cr
debt2,946 Cr3,036 Cr2,804 Cr2,955 Cr2,891 Cr2,996 Cr2,242 Cr2,014 Cr1,747 Cr1,324 Cr1,472 Cr1,376 Cr1,243 Cr1,549 Cr1,536 Cr1,067 Cr1,174 Cr1,167 Cr1,213 Cr1,740 Cr1,783 Cr1,566 Cr1,689 Cr1,779 Cr1,614 Cr2,162 Cr2,236 Cr1,700 Cr2,106 Cr2,418 Cr2,313 Cr2,639 Cr2,543 Cr2,090 Cr2,411 Cr2,578 Cr2,317 Cr2,452 Cr2,440 Cr2,029 Cr2,509 Cr2,449 Cr2,123 Cr2,160 Cr2,401 Cr2,001 Cr2,122 Cr2,227 Cr2,303 Cr2,250 Cr2,315 Cr1,946 Cr2,098 Cr2,072 Cr1,979 Cr2,443 Cr
commodities--------------------------------------------------------
Total8,482 Cr8,864 Cr8,584 Cr9,237 Cr9,335 Cr9,453 Cr8,612 Cr9,075 Cr9,235 Cr8,773 Cr9,283 Cr9,366 Cr9,585 Cr9,794 Cr9,770 Cr9,487 Cr9,959 Cr10,359 Cr10,985 Cr12,205 Cr12,984 Cr14,204 Cr14,313 Cr15,669 Cr17,026 Cr18,926 Cr19,558 Cr19,790 Cr21,810 Cr22,935 Cr25,562 Cr28,048 Cr29,057 Cr29,584 Cr28,989 Cr28,729 Cr28,281 Cr27,330 Cr25,616 Cr27,411 Cr28,907 Cr30,216 Cr31,327 Cr31,279 Cr31,217 Cr31,327 Cr32,883 Cr33,324 Cr33,608 Cr33,207 Cr33,883 Cr30,912 Cr34,518 Cr35,062 Cr36,277 Cr37,713 Cr

AMC Details

AMC
Mahindra Manulife Mutual Fund
CEO
Anthony Heredia(Managing Director and Chief Executive Officer)
CIO
Krishna Sanghavi(Chief Investment Officer-Equity), Rahul Pal(Chief Investment Officer-Debt)
IRO
Pooja Vineet Deherkar
Trustee
Mahindra Manulife Trustee Private Limited
Address
1st Floor -, Sadhana House,, 570 - P.B. Marg, Worli,, Mumbai

Frequently Asked Questions

What is the current NAV of Mahindra Manulife Multi Asset Allocation Fund Direct-Growth?
The current NAV of Mahindra Manulife Multi Asset Allocation Fund Direct-Growth is ₹14.53 as of 6 Sep 2026. The NAV of a mutual fund reflects the per-unit market value of the fund's holdings and is updated at the end of every trading day.
What is the AUM of Mahindra Manulife Multi Asset Allocation Fund Direct-Growth?
The AUM (Assets Under Management) of Mahindra Manulife Multi Asset Allocation Fund Direct-Growth is ₹1,195.63 crore. AUM represents the total market value of assets the fund currently manages on behalf of its investors.
What is the expense ratio of Mahindra Manulife Multi Asset Allocation Fund Direct-Growth?
The expense ratio of Mahindra Manulife Multi Asset Allocation Fund Direct-Growth is 0.60% per annum. This is the annual fee charged by the fund house to manage your investment. A lower expense ratio means more of your returns stay with you — which is one reason direct plans have a lower expense ratio than regular plans.
Who is the fund manager of Mahindra Manulife Multi Asset Allocation Fund Direct-Growth?
Mahindra Manulife Multi Asset Allocation Fund Direct-Growth is managed by Rahul Pal, Kush Sonigara, Renjith Sivaram Radhakrishnan. You can check the full list of fund managers in the "Fund Manager" section above.
What is the benchmark of Mahindra Manulife Multi Asset Allocation Fund Direct-Growth?
The benchmark of Mahindra Manulife Multi Asset Allocation Fund Direct-Growth is -. This is the index against which the fund's performance is measured. Consistently beating the benchmark over long periods is a key indicator of a fund manager's skill.
When was Mahindra Manulife Multi Asset Allocation Fund Direct-Growth launched?
Mahindra Manulife Multi Asset Allocation Fund Direct-Growth was launched on 14 Mar 2024. The fund has been in existence for 2 years. A longer track record gives investors more data to evaluate how the fund has performed across different market cycles.
What is the minimum investment in Mahindra Manulife Multi Asset Allocation Fund Direct-Growth?
The minimum investment in Mahindra Manulife Multi Asset Allocation Fund Direct-Growth is ₹1,000 for a lump sum and ₹500 per month for a SIP (Systematic Investment Plan). SIPs allow you to invest a fixed amount regularly, making it easier to build wealth over time without needing a large upfront amount.
What is the exit load on Mahindra Manulife Multi Asset Allocation Fund Direct-Growth?
Mahindra Manulife Multi Asset Allocation Fund Direct-Growth has an exit load — Exit load of 0.5%, if redeemed within 3 months.. Exit load is charged to discourage early withdrawals and protect long-term investors in the fund.
What category does Mahindra Manulife Multi Asset Allocation Fund Direct-Growth belong to?
Mahindra Manulife Multi Asset Allocation Fund Direct-Growth belongs to the Hybrid: Multi Asset Allocation category. You can view other funds in this category.