Mahindra Manulife Innovation Opportunities Fund
Mahindra Manulife Mutual Fund · Sectoral/Thematic · Regular plan, growth option
NAV (₹), 1 Oct 2026
10.3941
1-day change
-0.99%
1Y return
n/a
3Y CAGR
n/a
5Y CAGR
n/a
Max drawdown, 5Y
n/a
NAV history month-end NAV, ₹ · 2 Feb 2026 to 1 Oct 2026
Returns vs Sectoral/Thematic median (259 schemes) and “Innovation” median (13)
| Period | Scheme | Category median | Innovation median |
|---|---|---|---|
| 1 month | -6.2% | -5.4% | -5.0% |
| 3 months | -4.5% | -3.1% | -0.3% |
| 6 months | 10.7% | 8.5% | 18.7% |
| Year to date | n/a | -2.6% | 6.1% |
| 1 year | n/a | 0.0% | 7.3% |
| 3 years (CAGR) | n/a | 11.7% | 16.1% |
| 5 years (CAGR) | n/a | 10.6% | 11.9% |
| 7 years (CAGR) | n/a | 15.7% | n/a |
| 10 years (CAGR) | n/a | 13.3% | n/a |
| Since first NAV (CAGR) | 3.7% | – | – |
“Innovation” is MFIC's grouping of Sectoral/Thematic schemes by the theme or index in their names, not an AMFI category.
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | n/a | 9.8% |
| 3Y rolling median | n/a | 15.6% |
| 3Y rolling worst | n/a | 0.6% |
| 3Y periods positive | n/a | 100% |
| 3Y periods ahead of benchmark | n/a | 71% |
| 5Y rolling median | n/a | 14.2% |
| 5Y rolling worst | n/a | 0.3% |
| 5Y periods ahead of benchmark | n/a | 70% |
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.) | n/a | 16.7% |
| Sharpe ratio | n/a | 0.34 |
| Sortino ratio | n/a | 0.51 |
| Beta | n/a | 0.96 |
| Alpha (ann.) | n/a | 2.3% |
| Upside capture | n/a | 103.56 |
| Downside capture | n/a | 96.87 |
Drawdowns peak-to-trough falls in NAV
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −10.5% | −23.7% |
| Maximum drawdown, last 10Y | n/a | −39.3% |
| Maximum drawdown, last 5Y | n/a | −22.8% |
| Current drawdown | −7.6% | −8.8% |
| Recovery time of worst fall | 44 days | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
Direct or Regular for this scheme?
The Regular plan's expense ratio is 2.55% a year and the Direct plan's 0.97%, a gap of 1.58%. On a ₹25,000 monthly SIP for 20 years (illustration at 12% a year before costs) the gap adds up to about ₹35,03,240.
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.
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Kirti Dalvi | Primary | 30 Jan 2026 |
| Renjith Sivaram Radhakrishnan | Comanage | 30 Jan 2026 |
Objective: The Scheme shall seek to generate long term capital appreciation by investing predominantly in equity and equity related securities of companies following innovation theme. However, there is no assurance that the objective of the Scheme will be achieved.
Stated asset allocation: Equity and Equity Related Instruments of companies following innovation theme^* - 80%-100%Equity and Equity Related Instruments of companies other than the those mentioned above* - 0%-20%Money Market Instrument / other liquid instruments@- 0%-20% Units of mutual funds$ (Including Gold & Silver ETFs): 0% - 20% Units Issued by InvITs - 0%-10%component 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. The Scheme may utilize the entire available equity derivatives exposure limit as provided above, for hedging pur…
Benchmark (tier 1): Nifty 500 TRI (First Tier Benchmark)
Exit load: Exit Load (as % of NAV) #: -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). # Applicable for normal subscriptions / redemptions including transactions under special products such as SIP, SWP, switches, etc. offered by the AMC. For detailed load structure disclosure, please refer SID.
Minimum application: ₹1,000
Allotment date: 30 Jan 2026
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), Regular plan | 2.55% | 2.38% |
| AUM, whole scheme (₹ crore) | 257 | 1,245 |
| 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 |
|---|
Official benchmark: Nifty 500 TRI (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Sectoral/Thematic Regular plans; how it is calculated.
Scheme facts
Category: Sectoral/Thematic
Plan / option: Regular · Growth
AMFI scheme code: 154120
ISIN: INF174V01CX8
First NAV in MFIC data: 2 Feb 2026
History: 0.7 years
Portfolio holdings: see the scheme's monthly portfolio disclosure on the fund house website
Questions about Mahindra Manulife Innovation Opportunities Fund
- What is the latest NAV of Mahindra Manulife Innovation Opportunities Fund?
- The NAV of the Regular plan (growth option) was ₹10.3941 on 1 Oct 2026, as published by AMFI.
- Which category is Mahindra Manulife Innovation Opportunities Fund in?
- It is classified as Sectoral/Thematic in AMFI's daily NAV file; a Sectoral/Thematic scheme invests at least 80% in one sector or theme. MFIC compares it with 259 Sectoral/Thematic schemes (Regular plans).
- What was the largest fall in Mahindra Manulife Innovation Opportunities Fund's NAV?
- The largest peak-to-trough fall in its available history was 10.5%.
- What is the expense ratio (TER) of Mahindra Manulife Innovation Opportunities Fund?
- The total expense ratio of the Regular plan is 2.55% a year, as disclosed to AMFI (median of Sectoral/Thematic Regular plans: 2.38%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is Mahindra Manulife Innovation Opportunities Fund?
- Assets under management of the whole scheme were ₹257 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of Mahindra Manulife Innovation Opportunities 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.
- Who manages Mahindra Manulife Innovation Opportunities Fund?
- According to its Scheme Summary Document, Mahindra Manulife Innovation Opportunities Fund is managed by Kirti Dalvi (since 30 Jan 2026), Renjith Sivaram Radhakrishnan (since 30 Jan 2026).
- What is the exit load of Mahindra Manulife Innovation Opportunities Fund?
- As stated in its scheme documents: Exit Load (as % of NAV) #: -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). # Applicable for normal subscriptions / redemptions including transactions under special products such as SIP, SWP, switches, etc. offered by the AMC. For detailed load structure disclosure, please refer SID. Check the latest Scheme Information Document before investing, as loads can change.
- What is the minimum investment in Mahindra Manulife Innovation Opportunities 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.
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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 Regular 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.