Mahindra Manulife Innovation Opportunities Fund
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 | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Regular Growth | ₹10.2396 | +2.12% | — | — | — |
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 |
|---|---|
| Navin Fluorine International Limited | 2.18% |
| Karur Vysya Bank Limited | 2.01% |
| Torrent Pharmaceuticals Limited | 1.89% |
| Black Buck Ltd | 1.88% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Eternal Limited INE758T01015 | 4.14% |
| 2 | ICICI Bank Limited INE090A01021 | 3.54% |
| 3 | Reliance Industries Limited INE002A01018 | 3.48% |
| 4 | Bajaj Finance Ltd INE296A01032 | 3.34% |
| 5 | Acutaas Chemicals Limited INE00FF01025 | 3.34% |
| 6 | Bharti Airtel Limited INE397D01024 | 2.96% |
| 7 | Larsen & Toubro Limited INE018A01030 | 2.96% |
| 8 | Axis Bank Limited INE238A01034 | 2.72% |
| 9 | Aster DM Healthcare Limited INE914M01019 | 2.60% |
| 10 | InterGlobe Aviation Limited INE646L01027 | 2.58% |
| 11 | PB Fintech Limited INE417T01026 | 2.57% |
| 12 | GE Vernova T&D India Limited INE200A01026 | 2.46% |
| 13 | CG Power and Industrial Solutions Limited INE067A01029 | 2.45% |
| 14 | Mahindra & Mahindra Limited INE101A01026 | 2.40% |
| 15 | Delhivery Limited INE148O01028 | 2.39% |
| 16 | Hindustan Aeronautics Limited INE066F01020 | 2.30% |
| 17 | Radico Khaitan Limited INE944F01028 | 2.28% |
| 18 | Divi's Laboratories Limited INE361B01024 | 2.24% |
| 19 | Navin Fluorine International Limited INE048G01026 | 2.18% |
| 20 | Dr. Lal Path Labs Limited INE600L01024 | 2.18% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Mahindra Manulife Innovation Opportunities Fund hold?
Mahindra Manulife Innovation Opportunities Fund holds 44 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 17.84% of NAV.
What is the largest holding in Mahindra Manulife Innovation Opportunities Fund?
The largest position in Mahindra Manulife Innovation Opportunities Fund is Eternal Limited, accounting for 4.14% of NAV in the Retailing sector.
Is Mahindra Manulife Innovation Opportunities Fund a concentrated or diversified fund?
With a Gini coefficient of 0.158, Mahindra Manulife Innovation Opportunities Fund is well-diversified. The HHI concentration index is 23,387 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 17.84% of the portfolio.
What is the market cap allocation of Mahindra Manulife Innovation Opportunities Fund?
Based on SEBI's AMFI classification, Mahindra Manulife Innovation Opportunities Fund's equity portfolio is split as: Large Cap: 44.40%, Mid Cap: 32.26%, Small Cap: 20.77%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Mahindra Manulife Innovation Opportunities Fund invest in most?
Mahindra Manulife Innovation Opportunities Fund has the highest allocation to Pharmaceuticals & Biotechnology (10.67%), Banks (9.73%), Transport Services (6.85%). The fund is invested across 22 sectors in total.
How actively managed is Mahindra Manulife Innovation Opportunities Fund compared to other Sectoral / Thematic funds?
Mahindra Manulife Innovation Opportunities Fund has an Active Share of 75.03%, 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 Innovation Opportunities Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Mahindra Manulife Innovation Opportunities Fund added 4 new stocks (including Navin Fluorine International Limited). Total holding count increased from 41 to 46 stocks.