Mahindra Manulife Aggressive Hybrid Fund
The fund maintains a growth-oriented stance with three-quarters exposure to equities while anchoring downside through quality debt and cash. Banking dominance—particularly ICICI and HDFC—reflects conviction in financial sector strength, though the manager has trimmed Axis Bank and rotated into cyclicals like Suzlon and NMDC, signaling tactical appetite for value plays. Recent additions of mid-cap names suggest a broadening hunt for returns beyond the mega-cap fortress.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹29.5802 | — | — | — | — |
| Regular Growth | ₹26.2159 | -1.13% | -2.45% | +13.76% | +13.18% |
Portfolio Metrics(latest month)
vs Category Peers
Active Stock PickerActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Suzlon Energy Limited | 0.74% |
| NMDC Limited | 0.68% |
| HDB Financial Services Limited | 0.50% |
| Zydus Lifesciences Limited | 0.49% |
| InterGlobe Aviation Limited | 0.47% |
| Cochin Shipyard Limited | 0.38% |
| Grindwell Norton Limited | 0.25% |
| Brookfield India Real Estate Trust | 0.43% |
| 9.40% TVS Credit Services Limited 2026 ** | 1.15% |
| 7.8% National Bank For Agriculture and Rural Development 2027 ** | 0.66% |
| 7.98% Bajaj Housing Finance Limited 2026 ** | 0.04% |
| Punjab National Bank 2027 # | 0.67% |
| HDFC Bank Limited 2026 ** # | 0.44% |
| Bank of Baroda 2027 # | 0.08% |
| Export Import Bank of India 2026 | 0.66% |
| 360 One Prime Limited 2026 ** | 0.22% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | ICICI Bank Limited INE090A01021 | 5.87% |
| 2 | HDFC Bank Limited INE040A01034 | 5.54% |
| 3 | Reliance Industries Limited INE002A01018 | 3.23% |
| 4 | Bharti Airtel Limited INE397D01024 | 2.82% |
| 5 | Infosys Limited INE009A01021 | 2.58% |
| 6 | Bajaj Finserv Limited INE918I01026 | 2.23% |
| 7 | Larsen & Toubro Limited INE018A01030 | 2.01% |
| 8 | Tata Consultancy Services Limited INE467B01029 | 1.91% |
| 9 | Kotak Mahindra Bank Ltd INE237A01036 | 1.83% |
| 10 | Mahindra & Mahindra Limited INE101A01026 | 1.70% |
| 11 | Tata Steel Limited INE081A01020 | 1.65% |
| 12 | Avenue Supermarts Limited INE192R01011 | 1.59% |
| 13 | 7.2% State Government Securities 2036 IN2220250343 | 1.50% |
| 14 | NTPC Limited INE733E01010 | 1.43% |
| 15 | Eternal Limited INE758T01015 | 1.40% |
| 16 | Hindustan Unilever Limited INE030A01027 | 1.39% |
| 17 | Sun Pharmaceutical Industries Limited INE044A01036 | 1.37% |
| 18 | UNO Minda Limited INE405E01023 | 1.32% |
| 19 | Trent Limited INE849A01020 | 1.32% |
| 20 | Oil & Natural Gas Corporation Limited INE213A01029 | 1.25% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Mahindra Manulife Aggressive Hybrid Fund hold?
Mahindra Manulife Aggressive Hybrid Fund holds 109 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 20.04% of NAV.
What is the largest holding in Mahindra Manulife Aggressive Hybrid Fund?
The largest position in Mahindra Manulife Aggressive Hybrid Fund is ICICI Bank Limited, accounting for 5.87% of NAV in the Banks sector.
Is Mahindra Manulife Aggressive Hybrid Fund a concentrated or diversified fund?
With a Gini coefficient of 0.414, Mahindra Manulife Aggressive Hybrid Fund is well-diversified. The HHI concentration index is 17,094 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 20.04% of the portfolio.
What is the market cap allocation of Mahindra Manulife Aggressive Hybrid Fund?
Based on SEBI's AMFI classification, Mahindra Manulife Aggressive Hybrid Fund's equity portfolio is split as: Large Cap: 56.20%, Mid Cap: 14.14%, Small Cap: 4.90%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Mahindra Manulife Aggressive Hybrid Fund invest in most?
Mahindra Manulife Aggressive Hybrid Fund has the highest allocation to Banks (17.26%), IT - Software (6.07%), Retailing (5.98%). The fund is invested across 38 sectors in total.
How actively managed is Mahindra Manulife Aggressive Hybrid Fund compared to other Aggressive Hybrid Fund funds?
Mahindra Manulife Aggressive Hybrid Fund has an Active Share of 60.14%, classifying it as "Active Stock Picker" among 28 Aggressive Hybrid Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in Mahindra Manulife Aggressive Hybrid Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Mahindra Manulife Aggressive Hybrid Fund added 16 new stocks (including Suzlon Energy Limited) and exited 6 stocks (including Biocon Limited). Total holding count increased from 100 to 112 stocks.