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Showing Funds Performance since Sep 07, 2020

Fund Overview

Min. investment

SIP ₹500 & Lump. ₹1000

AUM (Fund size)

₹373 Cr

Lock In Period

N/A

Expense Ratio

2.36

Benchmark

Nifty Financial Services Total Return

Exit Load

An Exit Load of 0.5% 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.

Summary

Latest details for Mahindra Manulife Banking & Financial Services Fund Growth include a ₹10.5077 NAV as of Apr 23,2026 and returns since inception of --%. Minimum investments start at SIP ₹500. The Mahindra Manulife Banking & Financial Services Fund Growth AUM is ₹373 Cr, with a lock-in of N/A years, expense ratio of 2.36%, and benchmark Nifty Financial Services Total Return. Exit load is - An Exit Load of 0.5% 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.. In the growth review for 1M Month/Year, the fund recorded 9.12% returns, against a category average of 1.51% and a category best of 24.68%.

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Growth Review

DurationFund Return(%)Category Average(%)Category Best(%)
1M9.121.5124.68
6M1.791.8697.11
1Y0.005.83279.48
3Y0.0014.71340.43

Portfolio Analysis

  • Equity: 94.83%
  • Debt: 5.17%
  • Others
As on: 2026-03-31
View allocation % by

1. HDFC Bank Limited13.47%
2. ICICI Bank Limited12.96%
3. Axis Bank Limited8.10%
4. Kotak Mahindra Bank Ltd4.88%
5. Ujjivan Small Finance Bank Limited3.34%
6. Equitas Small Finance Bank Limited2.43%
7. Karur Vysya Bank Limited1.91%
8. Bandhan Bank Limited1.61%
9. IDFC First Bank Limited1.16%
10. DCB Bank Limited0.96%

1. Bajaj Finance Ltd5.37%
2. Shriram Finance Limited3.31%
3. Cholamandalam Investment and Finance Company Limited3.01%
4. IIFL Finance Limited1.36%

1. Aditya Birla Capital Limited2.94%
2. ICICI Prudential Asset Management Company Limited2.71%
3. Max Financial Services Limited2.35%
4. Angel One Limited1.49%
5. Tata Capital Limited1.32%
6. Prudent Corporate Advisory Services Limited0.74%

1. State Bank of India5.71%
2. Indian Bank1.06%
3. Bank of Maharashtra1.03%
4. Union Bank of India0.98%

1. SBI Life Insurance Company Limited2.67%
2. ICICI Prudential Life Insurance Company Limited0.64%

1. Multi Commodity Exchange of India Limited2.86%
2. BSE Limited0.35%

1. PNB Housing Finance Limited1.01%
2. Repco Home Finance Limited0.57%

About Fund

Mahindra Manulife Banking & Financial Services Fund Growth managed by Mahindra Manulife Mutual Fund,is a Equity - Sector Fundscheme with Assets Under Management of ₹373 Crore. The fund benchmarks its performance against the Nifty Financial Services Total Return while maintaining an expense ratio of 2.36. Under the expert guidance of Vishal Jajoo ,the fund implements a disciplined investment approach aligned with its mandate. The scheme requires a minimum investment of ₹500 for SIP and ₹1,000 for lump sum investments, making it accessible to diverse investor profiles.

Fund Managers

Vishal Jajoo

Mr. Vishal Jajoo holds Chartered Accountant, PGDM (Finance), MBA (Investments). Mr. Jajoo joined ITI Asset Management Limited in January 2023 and has over 15 years of work experience in Investment Management. Prior to joining ITI Mutual Fund he was associated withTata Investments Corporation limited as Senior Investment Manager; with Nirmal Bang Securities Pyt. Ltd. as research analyst.

Peer Comparison

Fund NameRatingsAUMExpense Ratio
This FundICICI Prudential Active Momentum Fund Growth01691.07 CR2.14
This FundKotak Healthcare Fund Growth0442.28 CR2.34
This FundMahindra Manulife Banking & Financial Services Fund Growth0373.05 CR2.36
This FundICICI Prudential PSU Equity Fund Growth01798.21 CR2.1
This FundNippon India Taiwan Equity Fund Growth3599.16 CR2.36
Fund Name1Y3Y
This FundICICI Prudential Active Momentum Fund Growth00
This FundKotak Healthcare Fund Growth6.17070
This FundMahindra Manulife Banking & Financial Services Fund Growth00
This FundICICI Prudential PSU Equity Fund Growth11.4384113.1455
This FundNippon India Taiwan Equity Fund Growth274.2567322.4703

FAQs

Mahindra Manulife Banking & Financial Services Fund Growth's fund is managed by experienced SEBI-registered investment fund manager , who implements the fund's strategy through research-backed decisions while adhering to its stated objectives.

The expense ratio of Mahindra Manulife Banking & Financial Services Fund Growth is 2.36. This expense ratio is calculated by dividing the fund's operating expenses by its net assets.

Mahindra Manulife Banking & Financial Services Fund Growth’s fund performance is as follows:
  • 1 Month : 9.12%
  • 6 Months : 1.79%
  • 1 Year : 0.00%
  • 3 Years : 0.00%
Returns of Mahindra Manulife Banking & Financial Services Fund Growth are updated daily based on NAV of ₹ 10.5077 as on Apr 23,2026. Since inception, the return has been 0.00%.

You can invest in Mahindra Manulife Banking & Financial Services Fund Growth through SIP with a minimum of ₹500 monthly or make a lump sum investment of a minimum ₹1,000. Additional purchase minimums vary by scheme.

The fund size (AUM) of Mahindra Manulife Banking & Financial Services Fund Growth is ₹373 crore. It changes based on market performance, inflows, and outflows.

You can track your investment in Mahindra Manulife Banking & Financial Services Fund Growth through our website, our Choice FinX mobile app, regular statements, and email updates. Our customer support team is available for queries.
Min Inv Amount: ₹500