Mahindra Manulife Consumption Fund
The fund maintains a pronounced consumption tilt, with nearly 46% concentrated in retail, automobiles, and durables—betting heavily on domestic discretionary spending and urban consumption trends. The manager has refreshed the FMCG mix by trimming slower packaged goods names like Dabur and Emami while adding growth-oriented players such as Nestlé and Asian Paints, signaling a preference for quality consumption stories over traditional defensive staples. This portfolio shuffle and the modest cash buffer suggest conviction in selective consumer growth despite valuation pressures.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹23.6910 | — | — | — | — | — | — |
| Regular Growth | ₹20.8444 | +1.03% | -5.75% | -9.95% | -5.13% | +10.90% | +11.61% |
| Direct IDCW | ₹16.7768 | — | — | — | — | — | — |
| Regular IDCW | ₹14.1866 | — | — | — | — | — | — |
Portfolio Metrics(latest month)
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Asian Paints Limited | 1.36% |
| Godfrey Phillips India Limited | 1.03% |
| Nestle India Limited | 0.97% |
| Black Buck Ltd | 0.44% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Bharti Airtel Limited INE397D01024 | 7.28% |
| 2 | Mahindra & Mahindra Limited INE101A01026 | 5.81% |
| 3 | Titan Company Limited INE280A01028 | 5.60% |
| 4 | Eternal Limited INE758T01015 | 5.01% |
| 5 | Hindustan Unilever Limited INE030A01027 | 4.19% |
| 6 | ITC Limited INE154A01025 | 4.16% |
| 7 | Bajaj Auto Limited INE917I01010 | 3.66% |
| 8 | Triparty Repo nan | 3.22% |
| 9 | Maruti Suzuki India Limited INE585B01010 | 3.14% |
| 10 | Avenue Supermarts Limited INE192R01011 | 3.09% |
| 11 | Trent Limited INE849A01020 | 3.01% |
| 12 | Tata Power Company Limited INE245A01021 | 2.89% |
| 13 | Britannia Industries Limited INE216A01030 | 2.71% |
| 14 | Varun Beverages Ltd INE200M01039 | 2.37% |
| 15 | Aditya Vision Ltd INE679V01027 | 2.24% |
| 16 | TVS Motor Company Limited INE494B01023 | 2.04% |
| 17 | Tube Investments Of India Limited INE974X01010 | 1.87% |
| 18 | Doms Industries Limited INE321T01012 | 1.74% |
| 19 | Blue Star Limited INE472A01039 | 1.73% |
| 20 | LG Electronics India Ltd INE324D01010 | 1.71% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.