Mahindra Manulife Multi Asset Allocation Fund
The fund maintains a moderately aggressive equity tilt of 58 percent while anchoring stability through substantial debt and precious metals exposure, positioning it for inflation-resilient growth with downside cushioning. The portfolio shows deliberate conviction through concentrated bets on financials and quality names like HDFC and ICICI, complemented by tactical additions of higher-yielding corporate bonds across diverse maturities. Recent shifts toward credit instruments and away from cyclicals like oil and infrastructure suggest the manager is hedging near-term economic headwinds while staying constructively positioned for equity upside.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹13.9474 | — | — | — | — |
| Regular Growth | ₹13.4645 | +0.04% | +15.07% | — | — |
| Direct IDCW | ₹13.1231 | — | — | — | — |
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 |
|---|---|
| K.P.R. Mill Limited | 0.56% |
| 7.11% Bajaj Finance Limited 2028 ** | 2.24% |
| 7.45% Power Finance Corporation Limited 2028 | 1.36% |
| 7.77% Bajaj Finance Limited 2029 ** | 1.36% |
| 7.48% National Bank For Agriculture and Rural Development 2028 | 1.36% |
| Union Bank of India 2027 # | 2.15% |
| Bank of Baroda 2026 # | 0.45% |
| ICICI Securities Limited 2026 ** | 4.51% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | ICICI Prudential Gold ETF INF109KC1NT3 | 9.64% |
| 2 | ICICI Securities Limited 2026 ** INE763G14ZQ8 | 4.51% |
| 3 | HDFC Bank Limited INE040A01034 | 3.86% |
| 4 | ICICI Bank Limited INE090A01021 | 2.86% |
| 5 | Reliance Industries Limited INE002A01018 | 2.66% |
| 6 | Bharti Airtel Limited INE397D01024 | 2.47% |
| 7 | 8.9% Muthoot Finance Limited 2027 ** INE414G07JI3 | 2.29% |
| 8 | 8.85% TVS Credit Services Limited 2027 ** INE729N08063 | 2.29% |
| 9 | 7.11% Bajaj Finance Limited 2028 ** INE296A07TM8 | 2.24% |
| 10 | Brookfield India Real Estate Trust INE0FDU25010 | 2.17% |
| 11 | Union Bank of India 2027 # INE692A16LU9 | 2.15% |
| 12 | Triparty Repo nan | 2.07% |
| 13 | State Bank of India INE062A01020 | 2.00% |
| 14 | 7.4% Bharti Telecom Limited 2029 INE403D08298 | 1.80% |
| 15 | Divi's Laboratories Limited INE361B01024 | 1.57% |
| 16 | 6.68% Government of India 2040 IN0020250042 | 1.55% |
| 17 | Axis Bank Limited INE238A01034 | 1.42% |
| 18 | 7.45% Power Finance Corporation Limited 2028 INE134E08NP7 | 1.36% |
| 19 | 7.48% National Bank For Agriculture and Rural Development 2028 INE261F08EO7 | 1.36% |
| 20 | 7.77% Bajaj Finance Limited 2029 ** INE296A07TW7 | 1.36% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Mahindra Manulife Multi Asset Allocation Fund hold?
Mahindra Manulife Multi Asset Allocation Fund holds 82 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 23.53% of NAV.
What is the largest holding in Mahindra Manulife Multi Asset Allocation Fund?
The largest position in Mahindra Manulife Multi Asset Allocation Fund is ICICI Prudential Gold ETF, accounting for 9.64% of NAV in the nan sector.
Is Mahindra Manulife Multi Asset Allocation Fund a concentrated or diversified fund?
With a Gini coefficient of 0.386, Mahindra Manulife Multi Asset Allocation Fund is well-diversified. The HHI concentration index is 23,418 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 23.53% of the portfolio.
What is the market cap allocation of Mahindra Manulife Multi Asset Allocation Fund?
Based on SEBI's AMFI classification, Mahindra Manulife Multi Asset Allocation Fund's equity portfolio is split as: Large Cap: 36.87%, Mid Cap: 6.29%, Small Cap: 10.94%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Mahindra Manulife Multi Asset Allocation Fund invest in most?
Mahindra Manulife Multi Asset Allocation Fund has the highest allocation to nan (13.79%), Banks (11.49%), CRISIL AAA (9.95%). The fund is invested across 37 sectors in total.
How actively managed is Mahindra Manulife Multi Asset Allocation Fund compared to other Multi Asset Allocation funds?
Mahindra Manulife Multi Asset Allocation Fund has an Active Share of 64.05%, classifying it as "Active Stock Picker" among 32 Multi Asset Allocation peers. This indicates a moderate level of differentiation from category peers.
What changed in Mahindra Manulife Multi Asset Allocation Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Mahindra Manulife Multi Asset Allocation Fund added 8 new stocks (including K.P.R. Mill Limited) and exited 8 stocks (including Voltas Limited). Total holding count increased from 83 to 84 stocks.