Mahindra Manulife Equity Savings Fund
The fund is heavily anchored in high-quality financials and government securities, positioning it defensively within the equity savings bracket. The manager reduced cash equivalents and pared net receivables, signaling a modest shift toward productive equity exposure while maintaining substantial debt allocations. Notable shifts—exiting oil and industrial cyclicals while adding agricultural and power sector debt—suggest conviction in defensive, infrastructure-linked growth over commodity-dependent plays.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹24.8345 | — | — | — | — |
| Regular Growth | ₹20.9976 | -0.49% | +3.67% | +9.52% | +8.59% |
Portfolio Metrics(latest month)
vs Category Peers
Highly DifferentiatedActive 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 |
|---|---|
| K.P.R. Mill Limited | 0.36% |
| 7.48% National Bank For Agriculture and Rural Development 2028 | 1.87% |
| 7.45% Power Finance Corporation Limited 2028 | 0.94% |
| 364 Days Tbill 2026 | 0.92% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Net Receivables / (Payables) nan | 30.01% |
| 2 | ICICI Bank Limited INE090A01021 | 5.49% |
| 3 | HDFC Bank Limited INE040A01034 | 4.61% |
| 4 | Bajaj Finance Ltd INE296A01032 | 4.57% |
| 5 | Reliance Industries Limited INE002A01018 | 4.43% |
| 6 | Ambuja Cements Limited INE079A01024 | 4.33% |
| 7 | 7.4% Bharti Telecom Limited 2029 INE403D08298 | 3.71% |
| 8 | Sun Pharmaceutical Industries Limited INE044A01036 | 3.32% |
| 9 | Mahindra & Mahindra Limited INE101A01026 | 2.53% |
| 10 | Larsen & Toubro Limited INE018A01030 | 2.20% |
| 11 | Canara Bank INE476A01022 | 1.92% |
| 12 | 8.37% REC Limited 2028 ** INE020B08BH6 | 1.92% |
| 13 | 7.95% REC Limited 2027 ** INE020B08AH8 | 1.89% |
| 14 | 7.44% National Bank For Agriculture and Rural Development 2028 INE261F08EK5 | 1.88% |
| 15 | 7.48% National Bank For Agriculture and Rural Development 2028 INE261F08EO7 | 1.87% |
| 16 | 182 Days Tbill 2026 IN002025Y404 | 1.86% |
| 17 | 6.33% Government of India 2035 IN0020250026 | 1.81% |
| 18 | Jindal Steel Limited INE749A01030 | 1.71% |
| 19 | Bharti Airtel Limited INE397D01024 | 1.56% |
| 20 | Triparty Repo nan | 1.46% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Mahindra Manulife Equity Savings Fund hold?
Mahindra Manulife Equity Savings Fund holds 89 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 23.43% of NAV.
What is the largest holding in Mahindra Manulife Equity Savings Fund?
The largest position in Mahindra Manulife Equity Savings Fund is Net Receivables / (Payables), accounting for 30.01% of NAV in the nan sector.
Is Mahindra Manulife Equity Savings Fund a concentrated or diversified fund?
With a Gini coefficient of 0.443, Mahindra Manulife Equity Savings Fund is well-diversified. The HHI concentration index is 21,116 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 23.43% of the portfolio.
What is the market cap allocation of Mahindra Manulife Equity Savings Fund?
Based on SEBI's AMFI classification, Mahindra Manulife Equity Savings Fund's equity portfolio is split as: Large Cap: 49.14%, Mid Cap: 6.06%, Small Cap: 8.10%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Mahindra Manulife Equity Savings Fund invest in most?
Mahindra Manulife Equity Savings Fund has the highest allocation to nan (32.46%), CRISIL AAA (16.00%), Banks (7.59%). The fund is invested across 36 sectors in total.
How actively managed is Mahindra Manulife Equity Savings Fund compared to other Equity Savings funds?
Mahindra Manulife Equity Savings Fund has an Active Share of 71.38%, classifying it as "Highly Differentiated" among 23 Equity Savings peers. This means the fund takes significantly different stock positions compared to its category peers.
What changed in Mahindra Manulife Equity Savings Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Mahindra Manulife Equity Savings Fund added 4 new stocks (including K.P.R. Mill Limited) and exited 4 stocks (including Indian Oil Corporation Limited). Total holding count increased from 105 to 106 stocks.