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 | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹23.9392 | — | — | — | — |
| Regular Growth | ₹21.0618 | +0.27% | -5.44% | +11.19% | +11.84% |
| Direct IDCW | ₹16.9526 | — | — | — | — |
| Regular IDCW | ₹14.3346 | — | — | — | — |
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 |
|---|---|
| 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.
Frequently Asked Questions
How many stocks does Mahindra Manulife Consumption Fund hold?
Mahindra Manulife Consumption Fund holds 49 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 27.89% of NAV.
What is the largest holding in Mahindra Manulife Consumption Fund?
The largest position in Mahindra Manulife Consumption Fund is Bharti Airtel Limited, accounting for 7.28% of NAV in the Telecom - Services sector.
Is Mahindra Manulife Consumption Fund a concentrated or diversified fund?
With a Gini coefficient of 0.381, Mahindra Manulife Consumption Fund is well-diversified. The HHI concentration index is 29,983 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 27.89% of the portfolio.
What is the market cap allocation of Mahindra Manulife Consumption Fund?
Based on SEBI's AMFI classification, Mahindra Manulife Consumption Fund's equity portfolio is split as: Large Cap: 63.41%, Mid Cap: 15.01%, Small Cap: 17.54%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Mahindra Manulife Consumption Fund invest in most?
Mahindra Manulife Consumption Fund has the highest allocation to Retailing (17.61%), Automobiles (15.21%), Consumer Durables (14.02%). The fund is invested across 18 sectors in total.
How actively managed is Mahindra Manulife Consumption Fund compared to other Sectoral / Thematic funds?
Mahindra Manulife Consumption Fund has an Active Share of 80.43%, classifying it as "Highly Differentiated" among 237 Sectoral / Thematic peers. This means the fund takes significantly different stock positions compared to its category peers.
What changed in Mahindra Manulife Consumption Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Mahindra Manulife Consumption Fund added 4 new stocks (including Asian Paints Limited) and exited 3 stocks (including Emami Limited). Total holding count increased from 49 to 51 stocks.