Mahindra Manulife Business Cycle Fund
Regular Plan · Growth · Mahindra Manulife Mutual Fund
Returns
Annualised (CAGR) returns for periods over a year.
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Rank in Category
| Period | This Fund | Category Avg. | Rank |
|---|---|---|---|
| 1W | +4.62% | +3.52% | 53 of 255 |
| 1M | +0.94% | +1.97% | 180 of 255 |
| 3M | -6.16% | -3.45% | 209 of 252 |
| 6M | -2.92% | +2.92% | 200 of 251 |
| YTD | -3.18% | +1.21% | 146 of 255 |
| 1Y | -1.21% | +1.11% | 104 of 232 |
| 2Y | +0.55% | +2.39% | 96 of 187 |
| 3Y | +15.07% | +12.36% | 35 of 142 |
| INCEPTION | +13.58% | — | — |
Ranked among: Equity Scheme - Sectoral/ Thematic.
Rolling Returns
| Period | Average | Best | Worst | Positive Periods | Consistency |
|---|---|---|---|---|---|
| 3M | +4.12% | +27.37% | -16.42% | 67% | 27% |
| 6M | +7.40% | +40.73% | -20.07% | 75% | 30% |
| 1Y | +10.94% | +61.36% | -10.64% | 81% | 33% |
| 2Y | +9.14% | +25.66% | -3.83% | 88% | 37% |
| 3Y | +14.33% | +16.14% | +13.02% | 100% | 46% |
Rolling returns show the average, best and worst outcome an investor would have seen entering at any point in the window.
NAV History
AUM Trend (₹ Cr, quarterly average)
Expense Ratio Trend
Portfolio · Sep 2026
Asset Allocation
- Equity96.77%
- Debt0.00%
- Cash3.18%
- Other0.05%
Market Cap Split
- Large Cap43.11%
- Mid Cap22.37%
- Small Cap31.29%
- Others3.23%
Fundamentals
| Fund | Category | |
|---|---|---|
| P/E | 19.90 | 27.94 |
| P/B | 2.40 | 4.57 |
| Price / Sales | 2.45 | 3.25 |
| Price / Cash Flow | 13.91 | 20.95 |
| Dividend Yield (%) | 1.04 | 1.18 |
Holdings · Sep 2026
| Holding | Sector | Weight | Change (1M) |
|---|---|---|---|
| Reliance Industries | Petroleum Products | 3.85% | -0.07% |
| Grasim Industries | Cement & Cement Products | 3.20% | -0.14% |
| ICICI Bank | Banks | 3.07% | -0.13% |
| JSW Energy | Power | 3.04% | +0.01% |
| Axis Bank | Banks | 2.71% | -0.01% |
| Bandhan Bank | Banks | 2.52% | +0.64% |
| Indusind Bank | Banks | 2.51% | -0.17% |
| Adani Enterprises | Metals & Minerals Trading | 2.47% | +0.16% |
| Indus Towers | Telecom - Services | 2.31% | +0.03% |
| Bajaj Auto | Automobiles | 2.25% | -0.13% |
| Tech Mahindra | IT - Software | 2.20% | -0.03% |
| Divis Laboratories | Pharmaceuticals & Biotechnology | 2.16% | +0.08% |
| IDFC First Bank | Banks | 2.02% | +0.00% |
| Vodafone Idea | Telecom - Services | 1.93% | -0.09% |
| Ajanta Pharma | Pharmaceuticals & Biotechnology | 1.87% | +0.11% |
View all 71 holdings
| Adani Energy Solutions | Power | 1.79% | -0.04% |
| Ramco Cements | Cement & Cement Products | 1.77% | +0.03% |
| Triparty Repo | Reverse Repo / TREPS | 1.70% | — |
| Steel Authority of India | Ferrous Metals | 1.69% | +0.40% |
| Kajaria Ceramics | Consumer Durables | 1.60% | +0.07% |
| Glenmark Pharmaceuticals | Pharmaceuticals & Biotechnology | 1.57% | -0.01% |
| NTPC | Power | 1.56% | +0.06% |
| Carborundum Universal | Industrial Products | 1.56% | +0.26% |
| Bajaj Finance | Finance | 1.54% | -0.06% |
| Maruti Suzuki | Automobiles | 1.48% | -0.11% |
| Coal India | Consumable Fuels | 1.48% | +0.16% |
| Zydus Life Science | Pharmaceuticals & Biotechnology | 1.47% | +0.08% |
| Net Receivables / (Payables) | Net Current Assets | 1.46% | — |
| Ambuja Cements | Cement & Cement Products | 1.45% | -0.02% |
| Vedanta Aluminium Metal | Non - Ferrous Metals | 1.44% | +0.00% |
| REC | Finance | 1.44% | -0.03% |
| HBL Engineering | Industrial Products | 1.42% | — |
| Asahi India Glass | Auto Components | 1.41% | +0.08% |
| Cochin Shipyard | Industrial Manufacturing | 1.39% | -0.12% |
| Shriram Finance | Finance | 1.37% | -0.09% |
| Biocon | Pharmaceuticals & Biotechnology | 1.33% | -0.07% |
| CEAT | Auto Components | 1.29% | +0.01% |
| JSW Steel | Ferrous Metals | 1.26% | +0.01% |
| Sagility | IT - Services | 1.26% | +0.22% |
| LMW | Industrial Manufacturing | 1.20% | -0.08% |
| Deepak Fertilisers & Petrochemicals | Chemicals & Petrochemicals | 1.16% | +0.01% |
| Supreme Petrochem | Chemicals & Petrochemicals | 1.16% | +0.17% |
| Finolex Cables | Industrial Products | 1.11% | — |
| Manappuram Finance | Finance | 1.10% | -0.02% |
| Kirloskar Brothers | Industrial Products | 1.10% | -0.02% |
| Hindalco Industries | Non - Ferrous Metals | 1.09% | -0.03% |
| Anthem Biosciences | Pharmaceuticals & Biotechnology | 1.06% | -0.64% |
| CESC | Power | 1.06% | -0.25% |
| Punjab National Bank | Banks | 1.05% | +0.05% |
| Ujjivan Small Finance Bank | Banks | 1.05% | +0.04% |
| HEG Advanced Materials | Industrial Products | 1.03% | — |
| Mphasis | IT - Software | 0.95% | -0.06% |
| Dalmia Bharat | Cement & Cement Products | 0.91% | -0.04% |
| Jindal SAW | Industrial Products | 0.91% | — |
| Graphite | Industrial Products | 0.89% | — |
| SP Apparels | Textiles & Apparels | 0.86% | -0.03% |
| KPR Mill | Textiles & Apparels | 0.85% | -0.01% |
| Sarda Energy & Minerals | Ferrous Metals | 0.85% | +0.05% |
| Mazagon Dock Shipbuilders | Industrial Manufacturing | 0.82% | -0.09% |
| Elecon Engineering Company | Electrical Equipment | 0.79% | +0.13% |
| Tata Consumer Products | Agricultural Food & other Products | 0.74% | -0.02% |
| Bank of Baroda | Banks | 0.71% | +0.01% |
| Garware Hi-Tech Films | Industrial Products | 0.69% | +0.48% |
| Foseco | Chemicals & Petrochemicals | 0.60% | +0.03% |
| Triveni Engineering & Industries | Agricultural Food & other Products | 0.55% | +0.22% |
| Garden Reach Shipbuilders | Aerospace & Defense | 0.51% | -0.05% |
| Gokaldas Exports | Textiles & Apparels | 0.40% | -0.54% |
| NOCIL | Chemicals & Petrochemicals | 0.36% | -0.38% |
| NMDC | Minerals & Mining | 0.30% | -0.67% |
| Smartworks Coworking Spaces | Commercial Services & Supplies | 0.23% | — |
| Margin placed with CCIL & ARCL | Net Current Assets | 0.02% | — |
Sector Allocation · Sep 2026
View all 25 sectors
Risk Metrics
Standard Deviation
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 15.00 | 16.32 | Low Volatility |
| 3Y | 15.91 | 16.10 | Low Volatility |
What is this?
Annualized population standard deviation of daily denomination-adjusted NAV returns, multiplied by sqrt(252). Values require a full timeframe of NAV history.
Sharpe Ratio
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | -0.63 | -0.32 | Below Average |
| 3Y | 0.52 | -0.45 | Above Average |
What is this?
Annualized Sharpe ratio calculated from month-end NAV returns using the latest available FBIL Overnight MIBOR rate as the risk-free rate. For schemes with less than three years of history, the 3Y value uses since-inception data. Applied risk-free rate: 5.73% (published 2026-10-28).
Sortino Ratio
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | -0.01 | 0.19 | Below Average |
| 3Y | 1.32 | 1.14 | Above Average |
What is this?
Annualized from daily NAV returns using a 0.00% minimum acceptable return; downside deviation includes only returns below this target.
Compare With Peers
| Scheme | 1Y | 3Y | 5Y | Since Inception |
|---|---|---|---|---|
|
Nippon India Taiwan Equity Fund
Regular Plan · IDCW option
|
+59.64% | +47.37% | — | +23.17% |
|
HDFC Pharma and Healthcare Fund
Direct Plan · IDCW Option
|
+25.51% | +31.04% | — | +30.18% |
|
Kotak Healthcare Fund
Regular Plan · IDCW Option
|
+23.57% | — | — | +20.10% |
|
SBI Automotive Opportunities Fund
Direct Plan · IDCW
|
+22.37% | — | — | +11.34% |
|
Mirae Asset Healthcare Fund
Direct Plan · Growth
|
+21.28% | +24.36% | +16.89% | +22.00% |
|
ICICI Prudential US Bluechip Equity Fund
Regular Plan · IDCW
|
+20.32% | +18.33% | +12.09% | +15.77% |
|
PGIM India Healthcare Fund
Direct Plan · Direct IDCW
|
+20.03% | — | — | +11.89% |
|
Nippon India Japan Equity Fund
Regular Plan · Bonus Option
|
+18.89% | +19.86% | +8.28% | +8.45% |
|
HDFC Defence Fund
Regular Plan · IDCW Option
|
+18.80% | +34.56% | — | +36.67% |
|
HSBC India Export Opportunities Fund
Direct Plan · Growth
|
+18.74% | — | — | +9.24% |
More From Mahindra Manulife Investment Management Pvt Ltd
| Scheme | 1Y | 3Y | 5Y | Since Inception |
|---|---|---|---|---|
|
Mahindra Manulife Small Cap Fund
Direct Plan · Growth
|
+10.43% | +18.42% | — | +23.90% |
|
Mahindra Manulife Multi Cap Fund
Direct Plan · Growth
|
+7.01% | +17.10% | +14.17% | +17.24% |
|
Mahindra Manulife Liquid Fund
Direct Plan · Daily IDCW
|
+6.54% | +6.85% | +5.54% | +2.65% |
|
Mahindra Manulife Multi Asset Allocation Fund
Direct Plan · Growth
|
+6.52% | — | — | +14.16% |
|
Mahindra Manulife Ultra Short Term Fund
Direct Plan · Daily IDCW
|
+6.48% | +4.75% | +4.73% | +3.51% |
|
Mahindra Manulife Arbitrage Fund
Direct Plan · Growth
|
+6.13% | +6.38% | +5.88% | +5.46% |
|
Mahindra Manulife Ultra Short to Short Term Fund
Direct Plan · Daily IDCW
|
+6.01% | +4.78% | +4.15% | +2.58% |
|
Mahindra Manulife Manufacturing Fund
Direct Plan · Growth
|
+5.27% | — | — | +3.22% |
|
Mahindra Manulife Overnight Fund
Direct Plan · Daily IDCW
|
+5.25% | +6.00% | +7.29% | +5.14% |
|
Mahindra Manulife Short Term Fund
Direct Plan · Growth
|
+5.14% | +7.57% | +6.61% | +6.50% |
About This Scheme
Investment Objective
The Scheme shall seek to generate long term capital appreciation by investing predominantly in equity and equity related securities with a focus on identifying and investing in business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy. However, there is no assurance that the objective of the Scheme will be realized.
Stated Asset Allocation
Equity and Equity related instruments of companies selected based on the business cycle theme^*: 80%- 100%, Equity and Equity related instruments of companies other than above: 0%- 20% Money Market Instruments/, other liquidinstruments@: 0% - 20% Units of mutual funds$ (Including Gold & Silver ETFs): 0% - 20% Units issued by REITs & InvITs: 0% - 10% ^ including derivative instruments to the extent of 50% of the equity 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 purpose. However, the equity derivatives exposure towards non-hedging purpose shall not exceed 20% of the net assets of the Scheme, subject to maximum derivatives exposure as defined above (i.e. 50% of the equity component of the Scheme). The margin money deployed on derivative positions would be included in the permissible Fixed Income Securities category. *The Scheme may invest in Foreign Securities (including units/securities issued by overseas mutual funds with similar investment objective or strategy / Foreign Securities having business cycle theme) up to 20% of the net assets of the Scheme in compliance with Clause 13.11 of the SEBI Master Circular pertaining to overseas investments by mutual funds, as amended from time to time. The Scheme shall invest in Foreign Securities as per the limits available to ‘Ongoing Schemes’ in terms of Clause 13.11.4 of the SEBI Master Circular. Further, SEBI vide its Clause 13.11.4 of the SEBI Master Circular, clarified that the above specified limit would be considered as soft limit(s) for the purpose of reporting only by mutual funds on monthly basis in the format prescribed by SEBI. @other liquid instruments shall include cash, bank deposits with Scheduled Commercial Banks, Government Securities, Treasury bills, Repo on Government securities and any other instruments as specified by SEBI from time to time.
Exit Load
Exit Load: 1%* *An Exit Load of 1.00% 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. Redemption /Switch-Out of Units would be done on First in First out Basis (FIFO).
Fund Managers
Fund Manager 1 - Mr. Krishna Sanghavi, Fund Manager 2 - Mr. Renjith Sivaram, Fund Manager 3 - Mr. Pranav Patel*,*Dedicated Fund Manager for Overseas Investments
Fund Manager 1 - Primary, Fund Manager 2 - Comanage, Fund Manager 3 - Comanage - Overseas Investments
Mutual fund investments are subject to market risks. Read all scheme related documents carefully. Past performance is not indicative of future returns. Data is sourced from AMFI and fund houses via FinAPI and may lag official figures.
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