Mahindra Manulife Multi Asset Allocation Fund- Regular Plan - Growth
💡 Why Pick This Fund? Quantitative Strengths & Watch-outs
- Strong capital defense: downside capture of 22% limits losses during market corrections.
- Generated +5.5% annualized alpha (excess return) over its benchmark.
- Cost-efficient: expense ratio of 1.91% is lower than category median (2.13%).
- 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 | +4.15% | +3.61% | +0.54% |
| 3 Months | +0.08% | -1.36% | +1.44% |
| 6 Months | +4.40% | +1.77% | +2.63% |
| 1 Year | +7.56% | +6.58% | +0.98% |
| Since Inception | +13.47% | - | - |
Calendar Year Returns
| Year | Fund | Category Median | Gap |
|---|---|---|---|
| 2026 | +4.85% | +2.90% | +1.95% |
| 2025 | +20.76% | +18.15% | +2.61% |
Daily Rolling Returns Summary
| Rolling Window | Minimum | Average | Median | Maximum | % Positive | % Beating Proxy |
|---|---|---|---|---|---|---|
| 1-Year Rolling | +1.55% | +13.69% | +13.74% | +27.37% | 100.0% | 98.0% |
Risk Profile & Deepest Drawdowns
Portfolio & Asset Allocation
Statutory Asset Allocation Mandate (SEBI / SID)
| Instrument Category | Permitted Allocation Range |
|---|---|
| Equity & Equity related instruments^* | 35% - 80%, Debt and Money Market Securities#$ |
| (including TREPS (Tri-Party Repo) and Reverse Repo in Government Securities):1 0% -55%, Units of Gold/Silver ETFs & other Gold and Silver related instruments (including Exchange | Per Scheme Mandate |
| Traded Commodity Derivatives (ETCDs) @ as permitted by SEBI from time to time% | 10%-30%, Units issued by REITs & InvITs: 0%-10%. |
| %including through ETCDs and/or any other mode of investment in commodities (apart from Gold and Silver), as permitted by SEBI from time to time. | Per Scheme Mandate |
| ^ including derivative instruments to the extent of 50% of the equity component of the Scheme. | Per Scheme Mandate |
| *The Scheme may invest in Foreign Securities (including Overseas ETFs) up to 20% of the net assets | Per Scheme Mandate |
| of the Scheme in compliance with clause 12.19 of the SEBI Master Circular pertaining to overseas investments by mutual funds, as amended from time to time. Further, the Scheme intends to invest US$ 10 million in Overseas securities and US$ 5 million in Overseas ETFs within six months from the date of the closure of the New Fund Offer (NFO) of the Scheme. Thereafter, the Scheme shall invest in Foreign Securities (including Overseas ETFs) as per the limits available to ‘Ongoing Schemes’ in terms of clause 12.19.1.3.c of the SEBI Master Circular. Further, SEBI vide its clause 12.19.1.3.d of the SEBI Master Circular, clarified that the above specified limit would be considered 30 as soft limit(s) for the purpose of reporting only by mutual funds on monthly basis in the format prescribed by SEBI. | Per Scheme Mandate |
Investment Objective & Strategy
The investment objective of the Scheme is to seek to generate long-term capital appreciation and income by investing in equity and equity related securities, debt & money market instruments, Gold/Silver ETFs and Exchange Traded Commodity Derivatives (ETCDs) as permitted by SEBI from time to time. However, there can be no assurance that the investment 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 1,270 cr (AMFI Daily Fund AUM as of 2026-11-11). Positioned as comfortable relative to Multi Asset Allocation 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 Multi Asset Allocation Peers by Rank
| Scheme | Score | 3Y Return | Expense | Downside | Fund Size | Compare |
|---|---|---|---|---|---|---|
| Invesco India Multi Asset Allocation Fund | 7.4 | - | 1.69% | 13.7% | Rs 1,264 cr | Compare → |
| 360 ONE Multi Asset Allocation Fund | 6.5 | - | 2.12% | -17.5% | Rs 532 cr | Compare → |
| HSBC Multi Asset Allocation Fund | 6.5 | - | 2.23% | 10.3% | Rs 3,310 cr | Compare → |
| Bandhan Multi Asset Allocation Fund | 6.4 | - | - | 12.0% | Rs 3,785 cr | Compare → |
| Shriram Multi Asset Allocation Fund | 2.4 | +9.62% | 2.48% | 56.9% | Rs 147 cr | Compare → |
Frequently Asked Questions about Mahindra Manulife Multi Asset Allocation Fund
What is the expense ratio of Mahindra Manulife Multi Asset Allocation Fund?
Mahindra Manulife Multi Asset Allocation Fund has a total expense ratio (TER) of 1.91% with a base expense ratio of 1.57%, compared to the Multi Asset Allocation category median of 2.13%.
Who manages Mahindra Manulife Multi Asset Allocation Fund?
Mahindra Manulife Multi Asset Allocation Fund is managed by Fund Manager 1 - Mr.Renjith Sivaram(Equity portion).
What are the historical returns of Mahindra Manulife Multi Asset Allocation Fund?
Mahindra Manulife Multi Asset Allocation Fund has a 1-year return of +7.56%.
How large is Mahindra Manulife Multi Asset Allocation Fund?
Mahindra Manulife Multi Asset Allocation Fund manages assets of Rs 1,270 cr, placing it in the 'comfortable' size band relative to Multi Asset Allocation peers.
How is Mahindra Manulife Multi Asset Allocation Fund scored on MFIQ?
Mahindra Manulife Multi Asset Allocation Fund holds an MFIQ Score of 6.7/10 (Average), based on a category percentile composite across returns, risk, consistency, and cost.
How risky is Mahindra Manulife Multi Asset Allocation Fund?
Mahindra Manulife Multi Asset Allocation Fund has an official SEBI riskometer rating of Very High. Over the analyzed period, its annualized standard deviation is 10.51% with a maximum historical drawdown of -9.73%.