Funds/Sectoral / Thematic/Mahindra Manulife Innovation Opportunities Fund

Mahindra Manulife Innovation Opportunities Fund

Mahindra Manulife Mutual Fund·Sectoral / Thematic·vs Nifty 500 TRI

The fund maintains a concentrated growth posture with nearly a third of assets in its top ten picks, signaling conviction in quality compounders across financials, pharma, and consumer-facing sectors. The manager's fresh additions to specialty chemicals and regional banking, coupled with a meaningful cash reduction, suggest increased conviction in cyclical recovery and midcap opportunities. The portfolio balances defensiveness through pharma exposure with growth exposure to aviation, retail, and auto components—positioning for sustained economic expansion while managing near-term volatility.

Portfolio analysis · April 2026

NAV & Returns

Plan	NAV	1M	3M	6M	1Y	3Y CAGR	5Y CAGR
Regular Growth	₹10.1697	+3.74%	+0.55%	—	—	—	—

Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.

Portfolio Metrics(latest month)

Holdings

Top 5 Weight

17.84%

Top 10 Weight

31.66%

Active Share

—

Large Cap

44.40%

Gini

0.158

What Changed2026-03-31 → 2026-04-30

Holdings: 41 → 46+4 added−0 removed28 weight shifts ≥ 0.1%

Stock	Sector	Weight
Navin Fluorine International Limited	Chemicals & Petrochemicals	2.18%
Karur Vysya Bank Limited	Banks	2.01%
Torrent Pharmaceuticals Limited	Pharmaceuticals & Biotechnology	1.89%
Black Buck Ltd	Transport Services	1.88%

Full Holdings

#	Holding	Sector	Class	% to NAV
1	Eternal Limited INE758T01015	Retailing	EQUITY	4.14%
2	ICICI Bank Limited INE090A01021	Banks	EQUITY	3.54%
3	Reliance Industries Limited INE002A01018	Petroleum Products	EQUITY	3.48%
4	Bajaj Finance Ltd INE296A01032	Finance	EQUITY	3.34%
5	Acutaas Chemicals Limited INE00FF01025	Pharmaceuticals & Biotechnology	EQUITY	3.34%
6	Bharti Airtel Limited INE397D01024	Telecom - Services	EQUITY	2.96%
7	Larsen & Toubro Limited INE018A01030	Construction	EQUITY	2.96%
8	Axis Bank Limited INE238A01034	Banks	EQUITY	2.72%
9	Aster DM Healthcare Limited INE914M01019	Healthcare Services	EQUITY	2.60%
10	InterGlobe Aviation Limited INE646L01027	Transport Services	EQUITY	2.58%
11	PB Fintech Limited INE417T01026	Financial Technology (Fintech)	EQUITY	2.57%
12	GE Vernova T&D India Limited INE200A01026	Electrical Equipment	EQUITY	2.46%
13	CG Power and Industrial Solutions Limited INE067A01029	Electrical Equipment	EQUITY	2.45%
14	Mahindra & Mahindra Limited INE101A01026	Automobiles	EQUITY	2.40%
15	Delhivery Limited INE148O01028	Transport Services	EQUITY	2.39%
16	Hindustan Aeronautics Limited INE066F01020	Aerospace & Defense	EQUITY	2.30%
17	Radico Khaitan Limited INE944F01028	Beverages	EQUITY	2.28%
18	Divi's Laboratories Limited INE361B01024	Pharmaceuticals & Biotechnology	EQUITY	2.24%
19	Navin Fluorine International Limited INE048G01026	Chemicals & Petrochemicals	EQUITY	2.18%
20	Dr. Lal Path Labs Limited INE600L01024	Healthcare Services	EQUITY	2.18%

Sector Allocation

Pharmaceuticals & Biotechnology10.7%

Banks9.7%

Transport Services6.8%

Auto Components6.0%

Retailing6.0%

IT - Software5.2%

Finance4.9%

Electrical Equipment4.9%

Healthcare Services4.8%

Telecom - Services4.5%

Top 10 sectors by % to NAV. Excludes derivatives.