Mahindra Manulife Focused Fund
Mahindra Manulife Mutual Fund · Focused · Direct plan, growth option
NAV (₹), 1 Oct 2026
27.5351
1-day change
-1.38%
1Y return
-4.3%
3Y CAGR
11.1%
5Y CAGR
12.2%
Max drawdown, 5Y
−16.5%
NAV history month-end NAV, ₹ · 19 Nov 2020 to 1 Oct 2026
Returns vs Focused median (28 schemes)
| Period | Scheme | Category median |
|---|---|---|
| 1 month | -6.9% | -5.8% |
| 3 months | -7.6% | -3.4% |
| 6 months | -0.2% | 10.4% |
| Year to date | -8.3% | -3.8% |
| 1 year | -4.3% | -0.2% |
| 3 years (CAGR) | 11.1% | 11.1% |
| 5 years (CAGR) | 12.2% | 10.8% |
| 7 years (CAGR) | n/a | 15.3% |
| 10 years (CAGR) | n/a | 13.1% |
| Since first NAV (CAGR) | 18.8% | – |
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 12.6% | 12.7% |
| 3Y rolling median | 21.8% | 16.7% |
| 3Y rolling worst | 11.1% | 5.5% |
| 3Y periods positive | 100% | 100% |
| 3Y periods ahead of benchmark | 100% | 75% |
| 5Y rolling median | 18.2% | 15.7% |
| 5Y rolling worst | 12.2% | 3.7% |
| 5Y periods ahead of benchmark | 100% | 94% |
Benchmark: Nifty 500 (proxy: Motilal Oswal Nifty 500 Index Fund, price return).
Risk 36 months, monthly returns, Rf 6.5%
| Measure | Scheme | Category median |
|---|---|---|
| Standard deviation (ann.) | 14.7% | 15.4% |
| Sharpe ratio | 0.40 | 0.38 |
| Sortino ratio | 0.59 | 0.55 |
| Beta | 0.90 | 0.94 |
| Alpha (ann.) | 2.8% | 2.6% |
| Upside capture | 101.91 | 102.75 |
| Downside capture | 90.81 | 94.28 |
Drawdowns peak-to-trough falls in NAV
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −16.5% | −34.1% |
| Maximum drawdown, last 10Y | n/a | −36.7% |
| Maximum drawdown, last 5Y | −16.5% | −19.6% |
| Current drawdown | −10.2% | −7.9% |
| Recovery time of worst fall | 348 days | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
Market context from Integrato Market Intelligence
This scheme invests mainly in the market below, which is also close to how many of them are benchmarked. Where that market stands today:
21,857.75 −0.97%
NSE close, 1 Oct 2026
- P/E 21.6: higher than 1% of days since 2023 (median 24.2)
- 1Y −3.9% · 3Y +8.9% p.a. · 5Y +8.6% p.a. (index fund NAV, after costs)
- −9.3% from its 52-week high
Index levels and P/E: NSE daily index closing values; gold and silver: IBJA rates; returns: growth NAV of an index fund or ETF tracking the market (AMFI), so they are after that fund's costs. Context only: a market's level or valuation does not tell you how any scheme will perform. Explore all markets.
Direct or Regular for this scheme?
The Regular plan's expense ratio is 2.29% a year and the Direct plan's 0.88%, a gap of 1.41%; over the last 3 years the Direct plan returned 1.76 percentage points a year more. On a ₹25,000 monthly SIP for 20 years (illustration at 12% a year before costs) the gap adds up to about ₹31,96,589.
With the Regular plan, that cost pays a distributor to help you plan, choose and review funds, and stay invested when markets fall. Whether it is worth it depends on how much of that you will do yourself.
TER: AMFI TER disclosure. Returns: AMFI NAVs. Illustration, not a guaranteed saving or return.
Recent disclosure changes last 120 days, as disclosed via AMFI
- 28 Sep 2026: TER increased from 0.87% to 0.88% (AMFI TER disclosure)
- 18 Sep 2026: TER increased from 0.86% to 0.87% (AMFI TER disclosure)
- 8 Sep 2026: TER increased from 0.85% to 0.86% (AMFI TER disclosure)
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Krishna SanghaviFM | 21 Jul 2026 | |
| Kirti Dalvi | 21 Jul 2026 |
Objective: The investment objective of the scheme is to generate long term capital appreciation by investing in a concentrated portfolio of equity & equity related instruments of maximum 30 companies across market capitalisation. However, there can be no assurance that the investment objective of the Scheme will be achieved.
Stated asset allocation: Equity and Equity related Securities$^: 80% - 100%, Money Market Instruments / other liquid instruments: 0% - 20%,Units of mutual funds# (Including Gold & Silver ETFs): 0% -20% Units issued by REITs & InvITs: 0% - 10%$ Subject to overall limit of 30 stocks across market capitalization. ^ including derivative instruments to the extent of 50% of the Net Assets of the Scheme. Investment in derivatives shall be for hedging, portfolio balancing and such other purposes as maybe permitted from time to time under the Regulations and subject to guidelines issued by SEBI/RBI from time to time. @other liquid instruments shall include cash, bank deposits with Scheduled Commercial Banks, Governm…
Benchmark (tier 1): Nifty 500 TRI
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.
Minimum application: ₹1,000
Allotment date: 17 Nov 2020
Documents: Scheme Information Document · Scheme Summary Document. Read the scheme documents before investing.
Cost, size and riskometer as disclosed to AMFI
| Measure | Scheme | Category median |
|---|---|---|
| Expense ratio (TER), Direct plan | 0.88% | 1.06% |
| AUM, whole scheme (₹ crore) | 1,930 | 2,407 |
| Riskometer | Very High | – |
TER: AMFI, TER of MF Schemes. AUM and riskometer: AMFI, Fund Performance, 30 Sep 2026.
Official benchmark and category consistency
| Measure | Scheme | Benchmark / category |
|---|---|---|
| Return, 1 year (AMFI) | -2.2% | -2.0% TRI |
| Return, 3 years (AMFI) | 11.6% | 9.5% TRI |
| Return, 5 years (AMFI) | 12.5% | 9.0% TRI |
| Month-ends above category median (3Y CAGR) | 100% | 48% median |
| Month-ends in category top quartile (3Y) | 91% | 21% median |
Official benchmark: Nifty 500 TRI (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Focused Direct plans; how it is calculated.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Nifty 500 proxy | Difference |
|---|---|---|---|
| 2026 YTD | -8.3% | -7.8% | −0.5% |
| 2025 | 8.9% | 7.7% | +1.2% |
| 2024 | 22.7% | 15.6% | +7.0% |
| 2023 | 32.2% | 26.5% | +5.6% |
| 2022 | 10.7% | 3.8% | +6.9% |
| 2021 | 42.3% | 30.6% | +11.6% |
Benchmark proxy: Motilal Oswal Nifty 500 Index Fund (Direct plan NAV, price return), which carries its own costs. The first year starts from the first 31 December in the scheme's history.
Monthly SIP of ₹10,000 first business day of each month, ending 1 Oct 2026
| Period | Invested | Value | XIRR |
|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1,12,181 | -11.8% |
| 3 years | ₹3,60,000 | ₹3,65,787 | 1.0% |
| 5 years | ₹6,00,000 | ₹7,70,166 | 9.9% |
Uses this plan's NAVs; ignores stamp duty, exit loads and taxes. One historical path only — the interactive SIP analyzer shows outcomes across every start date.
Scheme facts
Category: Focused
Plan / option: Direct · Growth
AMFI scheme code: 148567
ISIN: INF174V01AG7
First NAV in MFIC data: 19 Nov 2020
History: 5.9 years
Portfolio holdings: see the scheme's monthly portfolio disclosure on the fund house website
Schemes that behaved similarly correlation of monthly returns, last 5 years
| Scheme | Category | Correlation | 3Y CAGR |
|---|---|---|---|
| ICICI Prudential Dividend Yield Fund | Dividend Yield | 0.98 | 13.2% |
| Baroda BNP Paribas Value Fund | Value | 0.97 | 7.8% |
| BAJAJ FINSERV LARGE CAP FUND | Large Cap | 0.97 | n/a |
| Mahindra Manulife Business Cycle Fund | Sectoral/Thematic | 0.97 | 15.8% |
| ICICI Prudential Large Cap Fund (erstwhile Bluechip Fund) | Large Cap | 0.97 | 9.2% |
| SBI ELSS Tax Saver Fund | ELSS | 0.97 | 11.9% |
Questions about Mahindra Manulife Focused Fund
- What is the latest NAV of Mahindra Manulife Focused Fund?
- The NAV of the Direct plan (growth option) was ₹27.5351 on 1 Oct 2026, as published by AMFI.
- Which category is Mahindra Manulife Focused Fund in?
- It is classified as Focused in AMFI's daily NAV file; a Focused scheme holds at most 30 stocks. MFIC compares it with 28 Focused schemes (Direct plans).
- What returns has Mahindra Manulife Focused Fund delivered?
- Over one year the NAV changed by -4.3%. The 3-year CAGR is 11.1% (category median 11.1%) and the 5-year CAGR is 12.2% (category median 10.8%). Returns are after expenses and before tax. Past performance may or may not be sustained in future.
- How consistent have its 3-year returns been?
- Measuring a 3-year CAGR from every business day in its history, the median was 21.8%, the lowest was 11.1%, and 100% of 3-year periods ended with a gain. It was ahead of Nifty 500 (index-fund proxy) in 100% of those periods.
- What was the largest fall in Mahindra Manulife Focused Fund's NAV?
- The largest peak-to-trough fall in its available history was 16.5%; within the last five years it was 16.5% (category median 19.6%).
- How volatile is Mahindra Manulife Focused Fund?
- Its annualised standard deviation of monthly returns over the last 36 months is 14.7%, which is below the Focused category median of 15.4%.
- What would a monthly SIP in Mahindra Manulife Focused Fund have grown to?
- A SIP of ₹10,000 on the first business day of each month for the last 5 years (60 instalments, ₹6,00,000 invested) would have been worth about ₹7,70,166 on 1 Oct 2026, an annualised return (XIRR) of 9.9%. This uses the Direct plan's NAVs, ignores taxes and exit loads, and past performance may or may not be sustained in future.
- What is the expense ratio (TER) of Mahindra Manulife Focused Fund?
- The total expense ratio of the Direct plan is 0.88% a year, as disclosed to AMFI (median of Focused Direct plans: 1.06%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is Mahindra Manulife Focused Fund?
- Assets under management of the whole scheme were ₹1,930 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of Mahindra Manulife Focused Fund?
- AMFI lists the scheme's riskometer as “Very High”, and its benchmark's as “Very High”. The riskometer is a label of potential risk set under SEBI rules, not a forecast.
- What is the benchmark of Mahindra Manulife Focused Fund and how has it compared?
- Its official benchmark is the Nifty 500 TRI. Over 3 years AMFI reports a return of 11.6% for this plan against 9.5% for the benchmark total return index; over 5 years 12.5% against 9.0%. Past performance does not indicate future results.
- How often has Mahindra Manulife Focused Fund beaten its category?
- At 100% of the 35 month-ends compared over the last 10 years, its 3-year return was above the median of Focused schemes (Direct plans); it was in the top quarter at 91% of them. A typical scheme would show about 50%.
- Who manages Mahindra Manulife Focused Fund?
- According to its Scheme Summary Document, Mahindra Manulife Focused Fund is managed by Krishna SanghaviFM (since 21 Jul 2026), Kirti Dalvi (since 21 Jul 2026).
- What is the exit load of Mahindra Manulife Focused Fund?
- As stated in its scheme documents: 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. Check the latest Scheme Information Document before investing, as loads can change.
- What is the minimum investment in Mahindra Manulife Focused Fund?
- The minimum application amount is ₹1,000. SIP details: SIP - Weekly / Monthly: 500; Quarterly: 1500, SWP - Monthly: 500; Quarterly: 500, STP - Daily, Weekly & Monthly: 500; Quarterly: 1500.
- What is the difference between the Direct and Regular plans?
- Both plans hold the same portfolio; the Regular plan includes distribution costs in its expense ratio. Over one year the Direct plan's NAV changed by -4.3% and the Regular plan's by -5.7%. The Regular plan includes the services of a distributor.
Reviewing your own mutual fund portfolio?
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Data & disclosure. Source: AMFI daily NAV file and historical NAVs via mfapi.in; calculations by MFIC, as of 1 Oct 2026. Category medians use Direct plans in the same AMFI category. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance may or may not be sustained in future. This page is for research and education only and is not investment advice or a recommendation to buy, sell or hold any scheme. Integrato Financial Services Pvt. Ltd. is an AMFI-registered Mutual Fund Distributor (ARN-173155). Methodology.