May 16, 2024
mayank
Mahindra Manulife Manufacturing Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @chanakyamfguidance
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Past Performance of NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the Mahindra Manulife Manufacturing Fund Open Date, Close Date?
NFO opens on May 31, 2024
NFO will close on June 14, 2024
What is the Investment Strategy?
The Scheme seek to generate long term capital appreciation by investing predominantly in equity and equity related securities of companies engaged in manufacturing theme.
Basic Details
| Fund House | Mahindra Manulife Mutual Fund |
| Issue Open | 31 May 2024 |
| Issue Close | 14 June 2024 |
| Type | Open-ended |
| Category | Equity: Thematic |
| 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 | S&P BSE India Manufacturing TRI |
What is the Benchmark Index of Mahindra Manulife Manufacturing Fund?
The S&P BSE Manufacturing Index is designed to measure the performance of Indian manufacturing and production companies that meet benchmarking and investability requirements, with the goal of providing liquid and investable exposure to this theme.
Methodology Construction
1) Universe. Stocks must be a constituent of the S&P BSE LargeMidCap.
2) Constituent Selection. At the annual reconstitution in September, the top 30 manufacturing and production constituents (as defined in Index Eligibility criteria in index methodology) are drawn from the S&P BSE LargeMidCap and are assigned to the S&P BSE India Manufacturing.
3) Constituent Weightings. The weight of each BSE Sector in the index is capped at 30% and each individual stock weight is capped at 10%. Weight caps are applied at each semi-annual rebalancing.
Quick Facts
| WEIGHTING METHOD | Modified market cap weighted |
| REBALANCING FREQUENCY | Semiannually in March and September |
| CALCULATION FREQUENCY | End of day |
| CALCULATION CURRENCIES | INR, USD |
| LAUNCH DATE | May 25, 2015 |
| FIRST VALUE DATE | September 16, 2005 |
Performance
| INDEX LEVEL | RETURNS | ANNUALIZED RETURNS | ||||||
| 1 MO | 3 MOS | YTD | 1 YR | 3 YRS | 5 YRS | 10 YRS | ||
| TOTAL RETURNS | 1,350.69 | 1.4% | 7.55% | 10.46% | 44.28% | 25.25% | 20.24% | 15.61% |
| BENCHMARK* TOTAL RETURNS | 12,540.07 | 2.88% | 6.43% | 7.91% | 36.69% | 19.7% | 17.33% | 15.66% |
| PRICE RETURNS | 1,006.86 | 1.4% | 7.12% | 10.02% | 41.25% | 22.27% | 17.47% | 13.53% |
| BENCHMARK* PRICE RETURNS | 9,776.45 | 2.87% | 6.24% | 7.70% | 34.92% | 18.14% | 15.8% | 14.13% |
Calendar Year Performance
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
| TOTAL RETURNS | 37.52% | 9.64% | 27.31% | 16.42% | 5.23% | -3.32% | 32.76% | 4.66% | 0.01% | 32.18% |
| BENCHMARK* TOTAL RETURNS | 24.80% | 5.7% | 28.35% | 16.9% | 10.28% | 1.15% | 34.18% | 5.53% | -0.46% | 35.65% |
| PRICE RETURNS | 34.16% | 6.64% | 24.39% | 13.71% | 3.34% | -4.94% | 31.27% | 3.58% | -1.05% | 30.58% |
| BENCHMARK* PRICE RETURNS | 23.06% | 4.2% | 26.81% | 15.27% | 9.02% | -0.23% | 32.44% | 4.08% | -1.77% | 33.63% |
Risk
| ANNUALIZED RISK | ANNUALIZED RISK-ADJUSTED RETURNS | |||||
| 3 YRS | 5 YRS | 10 YRS | 3 YRS | 5 YRS | 10 YRS | |
| STD DEV | 13.06% | 17.68% | 16.18% | 1.93 | 1.14 | 0.97 |
| BENCHMARK* STD DEV | 13.22% | 18.75% | 16.46% | 1.49 | 0.92 | 0.95 |
Fundamentals
| P/E [TRAILING] | P/E [PROJECTED] | P/B | INDICATED DIV YIELD | P/SALES | P/CASH FLOW |
| 21.15 | 19.36 | 3.95 | 1.6% | 1.66 | 16.36 |
Index Characteristics
| NUMBER OF CONSTITUENTS | 30 |
| CONSTITUENT MARKET CAP [INR CRORE] | |
| MEAN TOTAL MARKET CAP | 3,01,875.76 |
| LARGEST TOTAL MARKET CAP | 19,83,124.05 |
| SMALLEST TOTAL MARKET CAP | 90,796.67 |
| MEDIAN TOTAL MARKET CAP | 2,28,729.17 |
| WEIGHT LARGEST CONSTITUENT [%] | 9.6 |
| WEIGHT TOP 10 CONSTITUENTS [%] | 61.4 |
Study about Benchmark Index in details
Performance Review of the Fund Managers of Mahindra Manulife Manufacturing Fund?
1) Manish Lodha
Education: Mr. Lodha is a Chartered Accountant and Company Secretary
Experience: Prior to joining Mahindra Manulife Mutual Fund, he was associated with Canara HSBC OBC Life Insurance Co Ltd, Kotak Mahindra Mutual Fund. In these roles, he was responsible for Portfolio Management, Equity Research. He has also held various positions in Finance function during his association with BOC India Ltd (Now Linde India Ltd.).
Past Performance of his Schemes
| Fund | Mahindra Manulife ELSS Tax Saver Fund | It’s Benchmark | Mahindra Manulife Large & Mid Cap Fund | It’s Benchmark |
| 1 Year | 30.61 | 35.83 | 47.55 | 34.06 |
| 3 Year | 19.70 | 20.00 | 23.79 | 19.29 |
| 5 Year | 18.27 | 19.27 | — | — |
| 7 Year | 12.33 | 15.36 | — | — |
| 10 Year | — | — | — | — |
As on 16-5-2024
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
Past Performance of his Schemes
| Fund | Mahindra Manulife Business Cycle Fund | It’s Benchmark | Mahindra Manulife Multi Asset Allocation Fund | It’s Benchmark |
| 1 Year | — | — | — | — |
| 3 Year | — | — | — | — |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 16-5-2024
Which Company Owns Mahindra Manulife Manufacturing Fund?
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
Is it good to invest in Mahindra Manulife Manufacturing Fund NFO?
Guidance for Mahindra Manulife Manufacturing Fund by Paresh Gordhandas, C.A., Research Analyst.
With the new government coming in, there are expected to some changes in major policy making. However, we expect that manufacturing will continue to remain the cornerstone on which Mr. Modi is trying to build the Indian economy. In recent times, a number of Manufacturing Funds have been launched. The most recent being Quant Manufacturing Fund, Axis India Manufacturing Fund, Canara Robeco Manufacturing Fund, HDFC Manufacturing Fund and the Baroda BNP Paribus Manufacturing Fund NFO which is opening on 10th of June. This makes it clear that there is a lot of competition in this space , that too from bigger Fund Houses and hence generating AUM will not be a small task.
Better to wait and watch this fund for about a year or so and then invest.
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Quicklinks
https://sahifund.com/aditya-birla-sun-life-manufacturing-equity-fund/