Mahindra Manulife Asia Pacific REITs FOF
Mahindra Manulife Mutual Fund · Best International Fund of Funds
This is the Direct plan of Mahindra Manulife Asia Pacific REITs FOF — bought from the fund house, with no distributor commission in its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.
NAV history
Scorecard
★★☆☆☆2/5 vs 47 of 51 FoF Overseas peers- Performance 60%
- Risk 15%
- Cost 10%
- Downside 15%
How this is computed
Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within FoF Overseas (same plan and option). 47 of the 51 FoF Overseas funds in this cohort carry the full record the stars need, so they are the ones ranked against.
3Y CAGR +10.40% · ranks 45 of 47 FoF Overseas funds
Volatility 13.5% vs 17.9% category avg
0.5% expense vs 0.6% category avg
67% of rolling 3Y windows were positive
Strengths & concerns
Generated from this fund's own numbers against its sub-category — each point names the figure behind it.
Strengths
- Less volatile than its FoF Overseas peers (13.5% vs 17.9%)
- Low expense ratio (0.52%) vs the FoF Overseas average of 0.63%
Concerns
- Trails the FoF Overseas average on 1M/3M/6M/1Y — 1Y by 22.12pp
- 3-year return (+10.40%) trails the FoF Overseas average (+25.62%)
- 5-year return (+1.05%) trails the FoF Overseas average (+13.61%)
- Ranks #49 of 51 on 1-year return in its FoF Overseas cohort
- Weaker risk-adjusted returns — Sharpe 0.29 below the FoF Overseas average of 1.00
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk
Fund vs category average (FoF Overseas)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | -4.44% | +0.36% | -4.80% |
| 3M abs | -4.48% | +0.96% | -5.44% |
| 6M abs | +0.07% | +14.13% | -14.07% |
| 1Y CAGR | +0.22% | +22.34% | -22.12% |
| 3Y CAGR | +10.40% | +25.62% | -15.22% |
| 5Y CAGR | +1.05% | +13.61% | -12.56% |
Category average across peers in FoF Overseas (up to 51 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).
Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.
Category rank
Vs 51 peers in FoF Overseas
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
36 monthly installments of ₹10,000 into Mahindra Manulife Asia Pacific REITs FOF, valued at the latest NAV. XIRR annualizes for each installment’s timing.
Calendar-year returns
What the fund actually returned in each year, not the smoothed average.
| Year | Fund | |
|---|---|---|
| 2026part | -0.51% | |
| 2025 | +28.32% | |
| 2024 | -8.85% | |
| 2023 | +1.49% | |
| 2022 | -5.98% | |
| 2021part | -5.14% |
January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in.
Taxation
Taxed as non-equityThis is a non-equity fund — a fund-of-funds, gold/silver, international or balanced-hybrid scheme. It isn't equity-oriented, but since FY 2025-26 it's no longer taxed like a pure-debt fund either: gains held over 2 years get the 12.5% long-term rate; shorter holdings are taxed at your income-tax slab rate.
Added to your income at your slab rate
No indexation, no ₹1.25 L exemption
Sets the short-term (slab-rate) figure above.
Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.
Asset allocation
As on 31 Aug 2026 · AMC disclosure- Other98.65%
- Cash & Equivalents1.35%
Fund size over time
Quarterly average AUM · AMFIAt or near its largest, ₹43.03Cr in January - March 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.
Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.
AMC Profile
Mahindra Manulife Mutual Fund is a joint venture between Mahindra & Mahindra Financial Services and Manulife of Canada, which took a 49% stake in 2020 in what until then was Mahindra Mutual Fund. It runs a compact equity, hybrid and debt line-up.
Fund Managers
AGAmit GargStart date not disclosed
Fund Manager – Fixed Income
20 years
B.Com, MMS Finance, CFA
• Fund Manager – Fixed • Co-Fund Manager Income – MMIMPL - of Mahindra (April 2021 – until date); Manulife Overnight Fixed Income, MMIMPL, Manulife Liquid Fund (June 2020 – April 2021); • Co-Fund Manager • Dealer – Fixed Income, of Debt portion of MMIMPL (September 2015 to June 2020); Mahindra Manulife Aggressive Hybrid • Dealer – Fixed Income, Fund Mahindra & Mahindra • Fund Manager of Financial Services Limited the Debt portion of (April, 2013 to September 2015);’ Mahindra Manulife Asia Pacific REITs • Junior Fund Manager & FOF Dealer, Daiwa Asset Management (India) Pvt. Ltd. (August 2008 to April 2013)
KSKrishna SanghaviStart date not disclosed
Chief Investment Officer – Equity
28 years
B. Com, ICWA, MMS (Finance)
Fund Manager in the last 10 years • Chief Investment Officer – Equity, Mahindra Manulife Investment Management Pvt. Ltd. (‘MMIMPL’) (November 1, 2019 until date); • Head of Equities, Canara Robeco Asset Management Co. Ltd. (July 2018 – October 2019); • Head of Equities - Aviva Life Insurance Company India Ltd. (May 2016 - July 2018); • Senior Fund Manager, Canara Robeco Asset Management Co. Ltd. (September 2012 May 2016); • Head of Equities, Kotak Mahindra Asset Management Co. Ltd. (January 2007 - August 2012)
Fund manager, benchmark and dealing terms from this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.
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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.
Frequently asked questions
What is the NAV of Mahindra Manulife Asia Pacific REITs FOF?
As of 05 Oct 2026, the NAV of Mahindra Manulife Asia Pacific REITs FOF is ₹10.63 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has Mahindra Manulife Asia Pacific REITs FOF delivered?
Mahindra Manulife Asia Pacific REITs FOF has returned +0.22% over 1 year, +10.40% per year over 3 years, +1.05% per year over 5 years and +1.05% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.
What is the expense ratio of Mahindra Manulife Asia Pacific REITs FOF?
Mahindra Manulife Asia Pacific REITs FOF charges an expense ratio of 0.52% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.
What are the top holdings of Mahindra Manulife Asia Pacific REITs FOF?
Mahindra Manulife Asia Pacific REITs FOF's largest holdings are Manulife Global Fund SICAV-Asia Pacific REIT (98.7%). Holdings are disclosed monthly and change over time.
How risky is Mahindra Manulife Asia Pacific REITs FOF?
Mahindra Manulife Asia Pacific REITs FOF is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 13.5% and its worst peak-to-trough fall in our sample was -26.2%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.
What does the Sharpe ratio of 0.29 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Mahindra Manulife Asia Pacific REITs FOF's 0.29 means it has rewarded its volatility with excess return. Higher is better.
What is the benchmark of Mahindra Manulife Asia Pacific REITs FOF?
Mahindra Manulife Asia Pacific REITs FOF is benchmarked against the FTSE EPRA Nareit Asia ex Japan REITs Index. Its alpha and beta on this page are measured against that index.
Who manages Mahindra Manulife Asia Pacific REITs FOF?
Mahindra Manulife Asia Pacific REITs FOF is managed by Amit Garg and Krishna Sanghavi at Mahindra Manulife.
How is Mahindra Manulife Asia Pacific REITs FOF taxed?
Mahindra Manulife Asia Pacific REITs FOF is a non-equity fund (a fund-of-funds, gold, international or balanced-hybrid scheme). Since FY 2025-26 it's no longer taxed like a pure-debt fund: gains on units held more than 2 years are long-term, taxed at 12.5% (no indexation, no ₹1.25 lakh exemption); units held 2 years or less are taxed at your income-tax slab rate.