June 23, 2025
mayank
Mahindra Manulife Business Cycle Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 14.9172
NAV IDCW: Rs 13.7783
Suitable For Which Investors?
Such thematic funds are avoidable for most investors because:
• They have a narrow investment focus
• Instead, diversified equity funds which invest across sectors/themes are better
If you still choose to invest:
1. Invest only through SIP
2. Have a 7+ year investment horizon
3. Be prepared to withstand interim sharp declines in investment value
Fund’s Investment Strategy:
The Scheme 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.
Fund Manager:
1) Krishna Sanghavi
Education: Mr. Sanghvi is a B.Com (H), CWA from ICWAI, Master of Management Studies (Finance) from NMIMS, Mumbai and CFA from ICFAI.
Experience: Prior to joining Mahindra Manulife Investment Management Pvt. Ltd., he has worked with Canara Robeco AMC, Kotak Mahindra AMC Ltd. and Kotak Life Insurance, Aviva Life Insurance Company Ltd..
2) Renjith Sivaram Radhakrishnan
Education: Mr. Sivaram is an MBA in Finance and holds a Bachelor’s degree in Mechanical engineering
Experience: Prior to joining Mahindra Manulife Mutual Fund, he was associated with ICCI Securities, Antique Stock Broking, B&K Securities and Indian Seamless Steels and Alloys Ltd
3) 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
Investment Details
| Min. Investment (Rs) | 1,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 3 months |
Basic Details of Mahindra Manulife Business Cycle Fund
| Fund House | Mahindra Manulife Mutual Fund |
| Launch Date | 11-Sep-23 |
| Return Since Launch | 25.27% |
| Benchmark | NIFTY 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 1,220 Cr |
| (As on 31-May-2025) | |
| Expense | 0.46% |
| (As on 31-May-2025) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 60.00% |
Trailing Returns (%) of Mahindra Manulife Business Cycle Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Mahindra Manulife Business Cycle Dir | 0.92 | 0.99 | 1.16 | 9.36 | 1.15 | 2.71 | — | — | — | — |
| BSE 500 TRI | 3.26 | 1.21 | 2.05 | 9.34 | 3.58 | 3.69 | — | — | — | — |
Peer Comparison of Mahindra Manulife Business Cycle Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| Mahindra Manulife Business Cycle Dir | Unrated | 2.71 | — | — | 0.46 | 1,220 | 25.27 | 1.00 (90) | 1Y 9M | 60.00 |
| ICICI Pru India Opportunities Dir | Unrated | 12.43 | 31.36 | 33.68 | 0.63 | 28,204 | 23.41 | 1.00 (365) | 6Y 5M | 68.00 |
| ICICI Pru Business Cycle Dir | Unrated | 10.03 | 28.47 | — | 0.72 | 12,972 | 23.53 | 1.00 (30) | 4Y 5M | 25.00 |
| HDFC Manufacturing Dir | Unrated | -1.00 | — | — | 0.50 | 12,098 | 5.20 | 1.00 (30) | 1Y 1M | 20.03 |
| SBI Innovative Opportunities Dir | Unrated | — | — | — | 0.61 | 7,367 | -5.39 | 1.00 (365) | 10M | 56.00 |
Portfolio Analysis of Mahindra Manulife Business Cycle Fund
| No. of Stocks | 67 |
| Top 10 Stocks | 29.18% |
| Top 5 Stocks | 17.68% |
| Top 3 Sectors | 43.16% |
| Portfolio P/B Ratio | 2.53 |
| Portfolio P/E Ratio | 19.17 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,12,662 | 1,26,954 |
| Giant (%) | 50.78 | 41.53 |
| Large (%) | 12.39 | 23.81 |
| Mid (%) | 27.23 | 27.90 |
| Small (%) | 9.60 | 10.77 |
| Tiny (%) | — | 0.73 |
Chanakya’s Mutual Fund Guidance For Mahindra Manulife Business Cycle Fund
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