Mahindra Manulife Business Cycle Fund- Regular Plan - Growth
💡 Why Pick This Fund? Quantitative Strengths & Watch-outs
- Outperformed category benchmark in 100% of historical 3-year rolling periods.
- Generated +3.1% annualized alpha (excess return) over its benchmark.
- Downside capture of 106% indicates larger drops during broader market downturns.
Key Statistics vs Category Median
Trailing Returns Comparison
| Period | Fund Return | Category Median | Difference |
|---|---|---|---|
| 1 Month | +6.00% | +6.32% | -0.32% |
| 3 Months | -3.35% | -0.20% | -3.15% |
| 6 Months | +0.34% | +5.98% | -5.64% |
| 1 Year | +2.05% | +3.90% | -1.85% |
| 3 Years CAGR | +15.86% | +13.23% | +2.63% |
| Since Inception | +14.69% | - | - |
📈 Monthly SIP vs Bank Fixed Deposit (FD) Replay
See how a regular monthly SIP in Mahindra Manulife Business Cycle Fund compares against a standard 7.0% p.a. Bank Fixed Deposit.
Calendar Year Returns
| Year | Fund | Category Median | Gap |
|---|---|---|---|
| 2026 | +0.40% | +4.03% | -3.63% |
| 2025 | +6.63% | +1.43% | +5.20% |
| 2024 | +25.85% | +20.41% | +5.44% |
Daily Rolling Returns Summary
| Rolling Window | Minimum | Average | Median | Maximum | % Positive | % Beating Proxy |
|---|---|---|---|---|---|---|
| 1-Year Rolling | -10.29% | +10.91% | +6.39% | +60.64% | 80.9% | 65.2% |
| 3-Year Rolling | +13.16% | +14.51% | +14.35% | +16.16% | 100.0% | 100.0% |
Risk Profile & Deepest Drawdowns
Deepest Market Corrections (Depth >= 10%)
| Peak Date | Trough Date | Fall Depth | Months to Bottom | Recovery Period |
|---|---|---|---|---|
| 2024-09-27 | 2025-03-03 | -22.0% | 5 months | Not yet recovered |
Portfolio & Asset Allocation
Statutory Asset Allocation Mandate (SEBI / SID)
| Instrument Category | Permitted Allocation Range |
|---|---|
| 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. |
Investment Objective & Strategy
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.
ℹ️ Detailed monthly stock-level holdings for this scheme are updated periodically from asset management company statutory disclosures.
Fund Size Position
Currently managing Rs 1,323 cr (AMFI Daily Fund AUM as of 2026-11-11). Positioned as comfortable relative to Sectoral / Thematic schemes.
Fund Management
Cost & Capital Gains Taxation
From April 2026 the total expense ratio includes brokerage, transaction costs and statutory levies on top of the base fee.
Equity-oriented schemes: 20% short-term capital gains tax if sold within 12 months; 12.5% long-term capital gains tax on gains exceeding ₹1.25 lakh per financial year when held for more than 12 months.
Closest Sectoral / Thematic Peers by Rank
| Scheme | Score | 3Y Return | Expense | Downside | Fund Size | Compare |
|---|---|---|---|---|---|---|
| CANARA ROBECO INFRASTRUCTURE FUND | 5.3 | +17.04% | 2.41% | 112.1% | Rs 932 cr | Compare → |
| Aditya Birla Sun Life PSU Equity Fund | 7.0 | +18.45% | 1.87% | 117.5% | Rs 6,186 cr | Compare → |
| SBI PSU Fund | 6.7 | +19.75% | 1.95% | 112.7% | Rs 6,737 cr | Compare → |
| Edelweiss Recently Listed IPO Fund | 5.0 | +16.48% | 2.68% | 94.2% | Rs 1,349 cr | Compare → |
| SBI BANKING & FINANCIAL SERVICES FUND | 6.1 | +16.68% | 2.16% | 77.4% | Rs 11,653 cr | Compare → |
Frequently Asked Questions about Mahindra Manulife Business Cycle Fund
What is the expense ratio of Mahindra Manulife Business Cycle Fund?
Mahindra Manulife Business Cycle Fund has a total expense ratio (TER) of 2.42% with a base expense ratio of 1.85%, compared to the Sectoral / Thematic category median of 2.52%.
Who manages Mahindra Manulife Business Cycle Fund?
Mahindra Manulife Business Cycle Fund is managed by Krishna Sanghavi (tenure: 3.2 years since 2023-09-11).
What are the historical returns of Mahindra Manulife Business Cycle Fund?
Mahindra Manulife Business Cycle Fund delivered a 3-year CAGR of 15.86%. Its 1-year return stands at +2.05%.
How large is Mahindra Manulife Business Cycle Fund?
Mahindra Manulife Business Cycle Fund manages assets of Rs 1,323 cr, placing it in the 'comfortable' size band relative to Sectoral / Thematic peers.
How is Mahindra Manulife Business Cycle Fund scored on MFIQ?
Mahindra Manulife Business Cycle Fund holds an MFIQ Score of 6.4/10 (Average), based on a category percentile composite across returns, risk, consistency, and cost.
How risky is Mahindra Manulife Business Cycle Fund?
Mahindra Manulife Business Cycle Fund has an official SEBI riskometer rating of Very High. Over the analyzed period, its annualized standard deviation is 15.96% with a maximum historical drawdown of -22.00%.