EquityValue FundRegularGrowthVery High

Mahindra Manulife Value Fund

Q: What is the NAV of Mahindra Manulife Value Fund?

As of 05 Oct 2026, the NAV of Mahindra Manulife Value Fund is ₹11.92 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Mahindra Manulife Value Fund delivered?

Mahindra Manulife Value Fund has returned +4.93% over 1 year and +11.10% 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.

Q: What is the expense ratio of Mahindra Manulife Value Fund?

Mahindra Manulife Value Fund charges an expense ratio of 2.56% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of Mahindra Manulife Value Fund?

Mahindra Manulife Value Fund's largest holdings are ICICI Bank Limited (3.9%), Reliance Industries Limited (3.5%), Jindal Saw Ltd (2.6%), Axis Bank Limited (2.5%) and Vodafone Idea Limited (2.4%). Holdings are disclosed monthly and change over time.

Q: How risky is Mahindra Manulife Value Fund?

Mahindra Manulife Value Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 14.5% and its worst peak-to-trough fall in our sample was -11.7%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What is the benchmark of Mahindra Manulife Value Fund?

Mahindra Manulife Value Fund is benchmarked against the The Scheme performance would be benchmarked against the Nifty 500. Its alpha and beta on this page are measured against that index.

Q: Who manages Mahindra Manulife Value Fund?

Mahindra Manulife Value Fund is managed by Krishna Sanghavi and Vishal Jajoo at Mahindra Manulife.

Q: How is Mahindra Manulife Value Fund taxed?

Mahindra Manulife Value Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.

Mahindra Manulife Mutual Fund · Best Value Mutual Funds

NAV

₹11.92

+0.23% 1D

as of 05 Oct 2026

This is the Regular plan of Mahindra Manulife Value Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

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Performance

+4.62%absolute

52-week rangePrev NAV ₹11.89

Latest ₹11.92

Low ₹10.8354th percentile of its 52-week rangeHigh ₹12.84

Scorecard

★★★★☆4/5 vs 22 of 23 Value Fund peers1Y

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 Value Fund (same plan and option). Based on a 1-year record — this fund is too young for a 3-year CAGR, so its performance is ranked on 1Y against the same peers. 22 of the 23 Value Funds in this cohort carry the full record the stars need, so they are the ones ranked against.

Performance—

Not enough Value Fund peers to rank yet

RiskModerate

Volatility 14.5% vs 14.3% category avg

CostAverage

2.6% expense vs 2.4% category avg

Consistency—

Not enough history for a rolling 3Y view

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

1-year return (+4.93%) beats the Value Fund average (-1.59%)
Ranks #4 of 22 on 1-year return in its Value Fund cohort

Concerns

No significant concerns identified.

Key Metrics

Annual fee charged by the fund, already deducted from NAV

2.56%

Category 2.40%▲0.16%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

17.34

Category —

Excess return per unit of total volatility (rf = 6.5%)

—

Category 0.30

Scheme Info

Definitions

Plan

Regular · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

- An Exit Load of 0.5% is payable if Units are redeemed / switched-out up to 3 months from the date of allotment ; - Nil if Units are redeemed / switched-out after 3 months from the date of allotment. Redemption /Switch-Out of Units would be done on First in First Out Basis (FIFO). For more details on Load Structure, refer to the paragraph ‘Load Structure’ in Part III of Section I.

Up to 0.50%

tiered — see the full terms

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

—

Smallest recurring SIP instalment the scheme accepts

—

Smallest one-time (lumpsum) investment the scheme accepts

₹1,000

The Scheme performance would be benchmarked against the Nifty 500

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

05 Mar 2025

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-6.41%

Absolute return over the last 3 months (not annualized)

-4.93%

Absolute return over the last 6 months (not annualized)

+7.70%

Absolute return since 1 Jan of this year (not annualized)

-0.66%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

+4.93%

3-year annualized return (CAGR)

—

5-year annualized return (CAGR)

—

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+11.10%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

14.51%

Excess return per unit of total volatility (rf = 6.5%)

—

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

—

Largest peak-to-trough decline over full history

-11.69%

Benchmark ratios (vs Nifty 500 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 500 TRI

—

Sensitivity to Nifty 500 TRI moves; 1 = moves with the index

—

How much of the fund's movement Nifty 500 TRI explains

—

Excess return per unit of beta (market risk)

—

Active return over the benchmark per unit of tracking error

—

Annualized std dev of fund-minus-benchmark returns

—

Fund's share of benchmark gains in up months (100 = matches index)

—

Fund's share of benchmark losses in down months (lower is better)

—

Computed vs the Nifty 500 TRI over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (Value Fund)

Period	Fund	Category avg.	Diff
1M abs	-6.41%	-4.55%	-1.86%
3M abs	-4.93%	-4.33%	-0.60%
6M abs	+7.70%	+6.61%	+1.09%
1Y CAGR	+4.93%	-1.59%	+6.52%
3Y CAGR	—	+10.96%	—
5Y CAGR	—	+10.44%	—

Category average across peers in Value Fund (up to 23 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 23 peers in Value Fund

1Y return

+4.93%

Beats 85.7% · rank #4

3Y return

—

5Y return

—

Sharpe

—

Sortino

—

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹1.20L

Current value

₹1.19L

Absolute

-1.13%

XIRR

-2.45%

Value vs. invested

ValueInvested

12 monthly installments of ₹10,000 into Mahindra Manulife Value Fund, 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	Nifty 500 TRI	Diff
2026part	-0.66%	-7.18%	+6.52%
2025part	+18.95%	—	—

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; those years show no benchmark comparison.

Recent changes

Expense-ratio, fund-manager, exit-load and minimum-investment changes we've picked up in the last 30 days.

Fund manager change — now managed by Fund Manager Kirti Dalvi, Fund Manager Renjith Sivaram Radhakrishnan; Fund Manager Krishna Sanghavi, Fund Manager Vishal Jajoo stepped away
25 Sep 2026

History points

390

Expense ratio

2.56%

AUM

₹803.99Cr

Portfolio turnover

81%

Exit load

Portfolio, AUM & scheme details shown from another plan of this scheme (same underlying portfolio).

P/E ratio

17.3

P/B ratio

2.9

Avg market cap

₹2,33,504Cr

P/E & P/B are portfolio-weighted harmonic means across 64 of 69 equity holdings (91% of the portfolio); loss-making companies are excluded.

Taxation

Taxed as equity

This is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

On gains above ₹1.25 L per financial year

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.

Peer comparison · Value Fund

Compare all


Mahindra Manulife Value FundThis fund Mahindra Manulife · Regular · Growth	★★★★☆ 1Y	+4.93%	—	—	—	2.56%	₹803.99Cr
Quant Value Fund quant · Regular · Growth	★★★★☆	+10.34%	+18.08%	—	—	2.44%	₹1,784Cr
LIC MF Value Fund LIC · Regular · Growth	★★★☆☆	+17.49%	+15.91%	—	—	3.22%	₹212.81Cr
Axis Value Fund Axis · Regular · Growth	★★★★★	+3.64%	+15.56%	+13.59%	—	2.27%	₹1,552Cr
DSP Value Fund DSP · Regular · Growth	★★★★★	+2.62%	+14.46%	+11.39%	—	2.41%	₹1,772Cr
HDFC Value Fund HDFC · Regular · Growth	★★★★☆	+3.02%	+14.12%	+11.90%	—	1.88%	₹7,330Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 100% of the equity sleeve priced.

Large cap44.2%
Mid cap28.8%
Small cap27.0%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity97.12%
Cash & Equivalents2.87%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Mahindra Manulife Business Cycle Fund Mahindra Manulife · Sectoral/ Thematic	61.2%	★★★☆☆	0.94%	+16.40%
JM Arbitrage Fund JM Financial · Arbitrage Fund	36.3% of 81% equity	★★☆☆☆	1.41%	+6.96%
Nippon India Arbitrage Fund Nippon India · Arbitrage Fund	35.3% of 69% equity	★★★★☆	1.34%	+7.31%
Edelweiss Arbitrage Fund Edelweiss · Arbitrage Fund	34.7% of 70% equity	★★★★☆	1.58%	+7.40%
Bajaj Finserv Arbitrage Fund Bajaj Finserv · Arbitrage Fund	33.9% of 69% equity	★★★☆☆	1.30%	+7.00%
Bandhan Arbitrage Fund Bandhan · Arbitrage Fund	33.7% of 73% equity	★★★☆☆	1.63%	+7.31%
HSBC Arbitrage Fund HSBC · Arbitrage Fund	33.2% of 70% equity	★★★★☆	1.45%	+7.22%
Aditya Birla Sun Life Arbitrage Fund Aditya Birla Sun Life · Arbitrage Fund	32.8% of 71% equity	★★★☆☆	1.24%	+7.42%

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-11.7%11 Feb 2026 → 31 Mar 2026
Fell over 2 months, back to the old high on 06 May 2026 — 36 days under water after the low.
-7.4%26 Aug 2026 → 01 Oct 2026
Still below that high — 36 days down, and no recovery yet.
-6.2%24 Mar 2025 → 07 Apr 2025
Fell over 14 days, back to the old high on 21 Apr 2025 — 14 days under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Fund size over time

Quarterly average AUM · AMFI

₹803.99Cr

April - June 2026

+18%

since January - March 2026

+₹120.43Cr

est. net flow, last quarter

At or near its largest, ₹803.99Cr in April - June 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.

Launched

03 Feb 2016

Total AUM

₹34,786Cr+5.0% QoQ

Avg AUM · April - June 2026

Website

mahindramanulife.com

Fund Managers

KSKrishna SanghaviManaging since 05 Mar 2025

Role

Chief Investment Officer – Equity

Total experience

28 years

Education

B. Com, ICWA, MMS (Finance)

Experience

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)

Funds managed (5)

All schemes Krishna Sanghavi runs →

VJVishal JajooManaging since 05 Mar 2025

Role

Fund Manager

Total experience

18 years

Education

Bachelor’s degree

Experience

Manager in the last 10 years • MMIMPL – Fund Manager – Equity - December 13, 2024 – until date. • ITI Asset Management Company Limited - Fund Manager – Equity – January 19, 2023 – November 29, 2024. • Tata Investment Corporation Limited Senior Investment Manager – December 09, 2014 - January 18, 2023

Funds managed (4)

All schemes Vishal Jajoo runs →

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.

Explore from here

Fund managers

Krishna Sanghavi Vishal Jajoo

Top holdings

ICICI Bank Limited Reliance Industries Limited Jindal Saw Ltd Axis Bank Limited Vodafone Idea Limited Oil India Limited Adani Enterprises Limited IndusInd Bank Limited JSW Energy Limited Bajaj Auto Limited Ambuja Cements Limited Tube Investments Of India Limited

Mahindra Manulife in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

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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.

About Value funds

Value funds look for stocks trading below what the manager thinks they're worth. The style can lag for long stretches and then catch up quickly, so it rewards patience.

Frequently asked questions

What is the NAV of Mahindra Manulife Value Fund?

As of 05 Oct 2026, the NAV of Mahindra Manulife Value Fund is ₹11.92 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Mahindra Manulife Value Fund delivered?

Mahindra Manulife Value Fund has returned +4.93% over 1 year and +11.10% 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 Value Fund?

Mahindra Manulife Value Fund charges an expense ratio of 2.56% 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 Value Fund?

Mahindra Manulife Value Fund's largest holdings are ICICI Bank Limited (3.9%), Reliance Industries Limited (3.5%), Jindal Saw Ltd (2.6%), Axis Bank Limited (2.5%) and Vodafone Idea Limited (2.4%). Holdings are disclosed monthly and change over time.

How risky is Mahindra Manulife Value Fund?

Mahindra Manulife Value Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 14.5% and its worst peak-to-trough fall in our sample was -11.7%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What is the benchmark of Mahindra Manulife Value Fund?

Mahindra Manulife Value Fund is benchmarked against the The Scheme performance would be benchmarked against the Nifty 500. Its alpha and beta on this page are measured against that index.

Who manages Mahindra Manulife Value Fund?

Mahindra Manulife Value Fund is managed by Krishna Sanghavi and Vishal Jajoo at Mahindra Manulife.

How is Mahindra Manulife Value Fund taxed?

Mahindra Manulife Value Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.