Mahindra Manulife Equity Savings Fund
The Scheme seeks to generate long term capital appreciation and also income through investments in equity and equity related instruments, arbitrage opportunities and investments in debt and money market instruments.
Growthvine rating: 2/5 — ranked #15 of 25 in category.
Fund basics
| Category | Hybrid: Equity Savings |
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| NAV | ₹21.31 (as of 2026-10-01) |
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| AUM | ₹535 Cr |
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| Expense ratio | 2.08% |
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| Riskometer | Moderately High |
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| Fund manager | Kush Sonigara |
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| Exit load | For units in excess of 10% of the investment, 1% will be charged for redemption within 15 days |
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Performance & risk
| 5-year annualised return | 6.58% |
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| Sharpe ratio | 0.45 |
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| Standard deviation | 5.44% |
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| Max drawdown | −20.57% |
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| Alpha | 0 |
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| Beta | 0 |
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Over 5 years, captured 125.9% of NIFTY 50 Hybrid Short Duration Debt 25:75 Index's upside and 176.2% of its downside.
Market cap allocation
| Large cap | 76.5% |
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| Mid cap | 8.5% |
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| Small cap | 15.0% |
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Concentration
| Top 5 holdings | 23.8% |
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| Top 10 holdings | 35.4% |
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| Total holdings | 81 |
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Top holdings
- Net Receivable / Payable — 31.5%
- ICICI Bank Ltd. — 6.6%
- Bajaj Finance Limited — 5.2%
- HDFC Bank Ltd. — 4.2%
- Ambuja Cements Ltd. — 3.9%
- Reliance Industries Ltd — 3.8%
- 7.4% Bharti Telecom Limited 2029 — 3.7%
- Sun Pharmaceutical Industries Ltd. — 3.7%
- 364 Days Tbill 2027 — 2.7%
- Triparty Repo — 2.7%
Top sectors
Not disclosed.
Calendar-year track record
| Year | Return | Quartile | Category rank |
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| 2026 (partial) | 0.5% | Q2 | #8 of 25 |
| 2025 | 7.1% | Q2 | #8 of 22 |
| 2024 | 8.3% | Q4 (Bottom) | #18 of 22 |
| 2023 | 14.6% | Q2 | #7 of 21 |
| 2022 | 2.3% | Q3 | #14 of 19 |