Mahindra Manulife Aggressive Hybrid Fund
Mahindra Manulife Mutual Fund·Aggressive Hybrid Fund·vs Nifty 500 TRI
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 | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹29.3284 | — | — | — | — | — | — |
| Regular Growth | ₹25.9938 | -0.64% | -5.48% | -6.63% | -2.23% | +13.51% | +12.99% |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
109
Top 5 Weight
20.04%
Top 10 Weight
29.72%
Active Share
—
Large Cap
56.20%
Gini
0.414
What Changed2026-03-31 → 2026-04-30
Holdings: 100 → 112+16 added−6 removed33 weight shifts ≥ 0.1%
| 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
Banks17.3%
IT - Software6.1%
Retailing6.0%
SOVEREIGN4.6%
CRISIL AA+4.5%
CRISIL A1+4.4%
Pharmaceuticals & Biotechnology4.4%
Finance4.3%
CRISIL AAA4.3%
Telecom - Services4.0%
Top 10 sectors by % to NAV. Excludes derivatives.