Mahindra Manulife Multi Asset Allocation Fund
The Scheme seek to generate long-term capital appreciation and income by investing in equity and equity related securities, debt & money market instruments, Gold/Silver ETFs and Exchange Traded Commodity Derivatives (ETCDs) as permitted by SEBI from time to time.
Growthvine rating: 3/5 — ranked #18 of 55 in category.
Fund basics
| Category | Hybrid: Multi Asset |
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| NAV | ₹13.31 (as of 2026-10-22) |
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| AUM | ₹1,235 Cr |
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| Expense ratio | 1.55% |
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| Riskometer | Very High |
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| Fund manager | Kush Sonigara |
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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 | −9.73% |
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| Alpha | 0 |
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| Beta | 0 |
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Over 5 years, captured 114.2% of NIFTY Multi Asset - Equity : Debt : Arbitrage : REITs/InvITs (50:20:20:10) Index's upside and 63.8% of its downside.
Market cap allocation
| Large cap | 61.4% |
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| Mid cap | 13.3% |
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| Small cap | 25.4% |
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Concentration
| Top 5 holdings | 14.3% |
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| Top 10 holdings | 22.0% |
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| Total holdings | 59 |
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Top holdings
- ICICI Prudential Gold ETF — 12.3%
- Mahindra Manulife Liquid Fund -Direct Plan -Growth — 4.9%
- HDFC Bank Ltd. — 3.5%
- ICICI Bank Ltd. — 3.4%
- Brookfield India Real Estate Trust — 3.4%
- 8.42% Muthoot Finance Limited 2029 (FRN) — 3.1%
- Nippon India Silver Fund — 2.9%
- Bharti Airtel Ltd. — 2.1%
- 8.85% TVS Credit Services Limited 2027 — 2.1%
- Divis Laboratories Ltd. — 2.0%
Top sectors
Not disclosed.
Calendar-year track record
| Year | Return | Quartile | Category rank |
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| 2026 (partial) | −0.4% | Q2 | #13 of 44 |
| 2025 | 20.8% | Q1 (Top) | #4 of 34 |