Mahindra Manulife Innovation Opportunities Fund - Regular - Growth
💡 Why Pick This Fund? Quantitative Strengths & Watch-outs
- Solid MFIQ Score of 6.8/10 reflects sound fundamentals and risk management.
- Limited historical track record under 3 years; long-term cycle performance is still evolving.
Key Statistics vs Category Median
Trailing Returns Comparison
| Period | Fund Return | Category Median | Difference |
|---|---|---|---|
| 1 Month | +6.60% | +6.32% | +0.28% |
| 3 Months | -1.77% | -0.20% | -1.57% |
| 6 Months | +6.18% | +5.98% | +0.20% |
Calendar Year Returns
| Year | Fund | Category Median | Gap |
|---|---|---|---|
| 2026 | +10.10% | +4.03% | +6.07% |
Risk Profile & Deepest Drawdowns
Deepest Market Corrections (Depth >= 10%)
| Peak Date | Trough Date | Fall Depth | Months to Bottom | Recovery Period |
|---|---|---|---|---|
| 2026-08-27 | 2026-10-23 | -11.6% | 2 months | Not yet recovered |
| 2026-02-11 | 2026-03-23 | -10.5% | 1 months | 1 months |
Portfolio & Asset Allocation
Statutory Asset Allocation Mandate (SEBI / SID)
| Instrument Category | Permitted Allocation Range |
|---|---|
| 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 purpose. However, the equity derivatives exposure towards nonhedging 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 Debt and Money Market Securities category. *Including investment in units of REITs and Foreign Securities (including units/securities issued by overseas mutual funds). The investment in Foreign Securities (including units/securities issued by overseas mutual funds) shall be up to 20% of the net assets of the Scheme.Such investments in Foreign Securities by the Scheme shall be subject to and in compliance with various limits / other requirement(s) as specified under the Clause 13.11 of the SEBI Master Circular pertaining to overseas investments by mutual funds, as amended from time to time. Further, pursuant to SEBI’s letter reference no. SEBI/HO/OW/IMD- II/DOF3/P/25095 /2022 dated June 17, 2022, on an ongoing basis, the Scheme may make investments in Overseas Securities upto the headroom available without breaching the overseas investment limits as of end of the day (EOD) of February 1, 2022, at Mutual Fund level. @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. $The Scheme may also invest in units units of Overnight funds, Liquid funds and Money Market Mutual Funds upto 10% of the net assets of the Scheme subject to compliance with Clause 3 of Sixth Schedule of the Regulations read with Clause 13.14.1 of SEBI Master Circular. Subject to the Regulations and applicable regulatory guidelines as may be issued from time to time, the Scheme may also engage in Securities Lending not exceeding 20% of the net assets of the Scheme. Further, the Scheme shall not deploy more than 5% of the Scheme’s net assets in Securities Lending through a single intermediary. These limits shall be applicable at the time of participating in the Securities Lending by the Scheme. |
Investment Objective & Strategy
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.
ℹ️ Detailed monthly stock-level holdings for this scheme are updated periodically from asset management company statutory disclosures.
Fund Size Position
Currently managing Rs 278 cr (AMFI Daily Fund AUM as of 2026-11-11). Positioned as small 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 |
|---|---|---|---|---|---|---|
| SBI HEALTHCARE OPPORTUNITIES FUND | 7.2 | +23.97% | 1.98% | 43.4% | Rs 6,504 cr | Compare → |
| UTI Healthcare Fund | 7.0 | +22.74% | 2.20% | 57.0% | Rs 1,536 cr | Compare → |
| Mirae Asset Healthcare Fund | 7.9 | +22.67% | - | 45.7% | Rs 3,828 cr | Compare → |
| Nippon India Taiwan Equity fund | 7.2 | +45.47% | 2.39% | -77.2% | Rs 806 cr | Compare → |
| DSP Healthcare Fund | 8.0 | +20.31% | 2.04% | 53.2% | Rs 3,946 cr | Compare → |
Frequently Asked Questions about Mahindra Manulife Innovation Opportunities Fund
What is the expense ratio of Mahindra Manulife Innovation Opportunities Fund?
Mahindra Manulife Innovation Opportunities Fund has a total expense ratio (TER) of 2.6% with a base expense ratio of 2.1%, compared to the Sectoral / Thematic category median of 2.52%.
Who manages Mahindra Manulife Innovation Opportunities Fund?
Mahindra Manulife Innovation Opportunities Fund is managed by Kirti Dalvi (tenure: 0.8 years since 2026-01-30).
What are the historical returns of Mahindra Manulife Innovation Opportunities Fund?
Mahindra Manulife Innovation Opportunities Fund has a 1-year return of -.
How large is Mahindra Manulife Innovation Opportunities Fund?
Mahindra Manulife Innovation Opportunities Fund manages assets of Rs 278 cr, placing it in the 'small' size band relative to Sectoral / Thematic peers.
How is Mahindra Manulife Innovation Opportunities Fund scored on MFIQ?
Mahindra Manulife Innovation Opportunities Fund holds an MFIQ Score of 6.8/10 (Average), based on a category percentile composite across returns, risk, consistency, and cost.
How risky is Mahindra Manulife Innovation Opportunities Fund?
Mahindra Manulife Innovation Opportunities Fund has an official SEBI riskometer rating of Very High. Over the analyzed period, its annualized standard deviation is - with a maximum historical drawdown of -11.63%.