Mahindra Manulife Banking & Financial Services Fund
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.
Growthvine rating: 3/5 — ranked #42 of 85 in category.
Fund basics
| Category | Equity: Sectoral |
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| NAV | ₹10.09 (as of 2026-10-01) |
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| AUM | ₹460 Cr |
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| Expense ratio | 2.10% |
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| Riskometer | Very High |
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| Fund manager | Chetan Gindodia |
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| Exit load | 0.5% for redemption within 3 months |
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Performance & risk
| Standard deviation | 0.00% |
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| Max drawdown | −15.89% |
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| Alpha | 0 |
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| Beta | 0 |
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Over 5 years, captured 109.4% of NIFTY Financial Services's upside and 76.0% of its downside.
Market cap allocation
| Large cap | 58.0% |
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| Mid cap | 28.3% |
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| Small cap | 13.7% |
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Concentration
| Top 5 holdings | 38.0% |
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| Top 10 holdings | 58.4% |
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| Total holdings | 33 |
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Top holdings
- ICICI Bank Ltd. — 12.2%
- HDFC Bank Ltd. — 7.6%
- AXIS Bank Ltd. — 7.4%
- State Bank Of India — 5.6%
- Multi Commodity Exchange of India Ltd — 5.3%
- Shriram Finance Limited — 5.2%
- Bajaj Finance Limited — 4.7%
- Aditya Birla Capital Ltd — 3.8%
- Triparty Repo — 3.7%
- Ujjivan Small Finance Bank Limited — 3.6%
Top sectors
- Banking & Financial — 61.1%
- Finance & Investments — 22.5%
- Technology — 5.9%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | −5.2% | Q3 | #41 of 76 |