June 24, 2025
mayank
Mahindra Manulife Banking & Financial Services Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @sahifund.com
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the Mahindra Manulife Banking & Financial Services Fund Open Date, Close Date?
NFO opens on June 27, 2025
NFO will close on July 11, 2025
Investment Strategy for this NFO?
The scheme seeks to generate long term capital appreciation by investing predominantly in equity and equity related securities of companies engaged in the banking and financial services activities.
Basic Details
| Fund House | Mahindra Manulife Mutual Fund |
| Issue Open | 27 June 2025 |
| Issue Close | 11 July 2025 |
| Type | Open-ended |
| Category | Equity: Sectoral-Banking |
| Min. Investment(Rs) | 1,000 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 0.5% for redemption within 3 months |
| Riskometer | Very High |
| Benchmark | NIFTY Financial Services TRI |
About Benchmark Index for this NFO?
The Nifty Financial Services Index is designed to reflect the behaviour and performance of the Indian financial market which includes banks, financial institutions, housing finance, insurance companies and other financial services companies. The Nifty Finance Index comprises of 20 stocks that are listed on the National Stock Exchange (NSE).
Nifty Financial Services Index is computed using free float market capitalization method, wherein the level of the index reflects the total free float market value of all the stocks in the index relative to particular base market capitalization value.
Nifty Financial Services Index can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.
Index Variant: Nifty Financial Services Total Returns Index.
Portfolio Characteristics
| Methodology | Periodic Capped Free Float |
| No. of Constituents | 20 |
| Launch Date | September 07, 2011 |
| Base Date | January 01, 2004 |
| Base Value | 1000 |
| Calculation Frequency | Real-Time |
| Index Rebalancing | Semi-Annually |
Fund Managers of Mahindra Manulife Banking & Financial Services Fund
1) Chetan Gindodia
Education: Mr. Gindodia has done B.Com, CA and CFA
Experience: Prior to joining Mahindra Manulife Mutual Fund, he has worked with PGIM India MF, Alf Accurate Advisors, Multi-Act India and EY
2) Vishal Jajoo
Education: Mr. Jajoo is a Chartered Accountant, PGDM (Finance) and MBA (Investments)
Experience: Prior to joining Mahindra Manulife AMC, he has worked with ITI Mutual Fund and Tata Investment Corporation Ltd
AMC
Mahindra Manulife Investment Management Private Limited
Address: 1st Floor – Sadhana House, 570 – P.B. Marg, Worli, Mumbai – 400018
Website: http://www.mahindramanulife.com
Registrar & Transfer Agent
Computer Age Management Services Ltd.
Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai – 600002
Website: www.camsonline.com
Review for Mahindra Manulife Banking & Financial Services Fund @ sahifund.com by Paresh Gordhandas, C.A., & Research Analyst
[ A ] Benchmark Performance of NIFTY Financial Services TRI
Performance
| Index Returns (%)# | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 5.68 | 12.70 | 22.01 | 22.70 | 16.53 |
| Total Return | 5.86 | 12.98 | 22.76 | 23.64 | 17.79 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 18.37 | 19.22 | 27.34 |
| Beta (NIFTY 50) | 1.05 | 1.15 | 1.15 |
| Correlation (NIFTY 50) | 0.89 | 0.89 | 0.90 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 17.51 | 3.0 | 0.55 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| HDFC Bank Ltd. | 32.73 |
| ICICI Bank Ltd. | 22.57 |
| Axis Bank Ltd. | 7.54 |
| State Bank of India | 6.90 |
| Kotak Mahindra Bank Ltd. | 6.75 |
| Bajaj Finance Ltd. | 5.31 |
| Bajaj Finserv Ltd. | 2.43 |
| Jio Financial Services Ltd. | 2.08 |
| Shriram Finance Ltd. | 1.98 |
| HDFC Life Insurance Company Ltd. | 1.84 |
Note on Benchmark Performance:
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[ B ] Performance Review of the Fund Managers of this NFO
Past Performance of Chetan Gindodia
| Fund | Mahindra Manulife Banking & Financial Services Fund | It’s Benchmark |
| 1 Year | — | — |
| 3 Year | — | — |
| 5 Year | — | — |
| 7 Year | — | — |
| 10 Year | — | — |
As on 24-6-2025
Past Performance of Vishal Jajoo
| Fund | Mahindra Manulife Small Cap Fund | It’s Benchmark | Mahindra Manulife Value Fund | It’s Benchmark |
| 1 Year | -0.30 | -0.21 | — | — |
| 3 Year | — | — | — | — |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 24-6-2025
Note on Fund Managers’ performance
X
[ C ] Conclusion
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Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
Is it good to invest in Mahindra Manulife Banking & Financial Services Fund NFO?
>> Post your MF questions @ sahifund.com/ask-me/
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https://sahifund.com/category/nfos/
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