Mahindra Manulife Focused Fund
The fund is positioned as a quality-focused play on India's established blue-chip ecosystem, with nearly half its portfolio anchored in just ten names. Banking and financials dominate at nearly 30 percent combined, reflecting conviction in credit cycles and domestic consumption, while the manager maintains meaningful exposure to energy and pharmaceuticals for sectoral diversification. The recent trimming of Infosys signals a tactical shift away from IT heavyweights, suggesting the manager sees better opportunities in cyclical and financial plays than in software for the near term.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹29.0554 | — | — | — | — | — | — |
| Regular Growth | ₹26.2671 | +0.77% | -4.11% | -3.75% | +0.73% | +17.05% | +16.32% |
| Direct IDCW | ₹19.7724 | — | — | — | — | — | — |
| Regular IDCW | ₹17.4383 | — | — | — | — | — | — |
Portfolio Metrics(latest month)
What Changed2026-03-31 → 2026-04-30
| Stock | Weight | |
|---|---|---|
| No new entries this month | ||
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | ICICI Bank Limited INE090A01021 | 8.33% |
| 2 | Reliance Industries Limited INE002A01018 | 7.01% |
| 3 | Larsen & Toubro Limited INE018A01030 | 4.85% |
| 4 | HDFC Bank Limited INE040A01034 | 4.72% |
| 5 | Kotak Mahindra Bank Ltd INE237A01036 | 4.11% |
| 6 | State Bank of India INE062A01020 | 4.11% |
| 7 | Grasim Industries Limited INE047A01021 | 3.87% |
| 8 | Indus Towers Limited INE121J01017 | 3.72% |
| 9 | NTPC Limited INE733E01010 | 3.68% |
| 10 | Avenue Supermarts Limited INE192R01011 | 3.53% |
| 11 | Bajaj Auto Limited INE917I01010 | 3.49% |
| 12 | Tech Mahindra Limited INE669C01036 | 3.37% |
| 13 | Bajaj Finance Ltd INE296A01032 | 3.26% |
| 14 | Adani Ports and Special Economic Zone Limited INE742F01042 | 3.14% |
| 15 | Oil & Natural Gas Corporation Limited INE213A01029 | 3.00% |
| 16 | ITC Limited INE154A01025 | 2.91% |
| 17 | Triparty Repo nan | 2.76% |
| 18 | Infosys Limited INE009A01021 | 2.65% |
| 19 | Power Finance Corporation Limited INE134E01011 | 2.63% |
| 20 | IndusInd Bank Limited INE095A01012 | 2.49% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.