Mahindra Manulife Manufacturing Fund
The fund remains heavily tilted toward domestic manufacturing revival, with nearly 40% concentrated in auto and industrial metals—betting on capex cycles and infrastructure demand. Recent portfolio churn, including exits of L&T and IOC paired with additions of smaller-cap plays, suggests the manager is rotating toward selective manufacturing names while trimming large-cap defensive positions. The elevated cash buffer of 7.8% indicates cautious positioning, even as core conviction in cyclical manufacturing persists.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹10.4668 | — | — | — | — |
| Regular Growth | ₹10.1590 | +1.85% | +6.50% | — | — |
| Direct IDCW | ₹10.4668 | — | — | — | — |
| Regular IDCW | ₹10.1590 | — | — | — | — |
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 |
|---|---|
| Powerica Limited | 1.16% |
| K.P.R. Mill Limited | 1.07% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Triparty Repo nan | 6.75% |
| 2 | Tata Steel Limited INE081A01020 | 6.25% |
| 3 | Reliance Industries Limited INE002A01018 | 5.11% |
| 4 | Mahindra & Mahindra Limited INE101A01026 | 5.10% |
| 5 | Hindalco Industries Limited INE038A01020 | 4.18% |
| 6 | Bharat Electronics Limited INE263A01024 | 3.91% |
| 7 | Sun Pharmaceutical Industries Limited INE044A01036 | 3.75% |
| 8 | Divi's Laboratories Limited INE361B01024 | 3.64% |
| 9 | Shriram Pistons & Rings Limited INE526E01018 | 3.35% |
| 10 | Bajaj Auto Limited INE917I01010 | 2.96% |
| 11 | Kirloskar Brothers Limited INE732A01036 | 2.50% |
| 12 | Schaeffler India Limited INE513A01022 | 2.31% |
| 13 | Technocraft Industries (India) Limited INE545H01011 | 2.09% |
| 14 | Craftsman Automation Limited INE00LO01017 | 2.03% |
| 15 | Aditya Vision Ltd INE679V01027 | 2.03% |
| 16 | Samvardhana Motherson International Limited INE775A01035 | 2.01% |
| 17 | LG Balakrishnan & Bros Limited INE337A01034 | 2.01% |
| 18 | Vesuvius India Limited INE386A01023 | 1.98% |
| 19 | Grasim Industries Limited INE047A01021 | 1.97% |
| 20 | Bosch Limited INE323A01026 | 1.93% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Mahindra Manulife Manufacturing Fund hold?
Mahindra Manulife Manufacturing Fund holds 44 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 24.55% of NAV.
What is the largest holding in Mahindra Manulife Manufacturing Fund?
The largest position in Mahindra Manulife Manufacturing Fund is Triparty Repo, accounting for 6.75% of NAV in the nan sector.
Is Mahindra Manulife Manufacturing Fund a concentrated or diversified fund?
With a Gini coefficient of 0.298, Mahindra Manulife Manufacturing Fund is well-diversified. The HHI concentration index is 26,124 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 24.55% of the portfolio.
What is the market cap allocation of Mahindra Manulife Manufacturing Fund?
Based on SEBI's AMFI classification, Mahindra Manulife Manufacturing Fund's equity portfolio is split as: Large Cap: 45.64%, Mid Cap: 11.41%, Small Cap: 33.95%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Mahindra Manulife Manufacturing Fund invest in most?
Mahindra Manulife Manufacturing Fund has the highest allocation to Auto Components (14.89%), Industrial Products (10.81%), Automobiles (9.24%). The fund is invested across 18 sectors in total.
How actively managed is Mahindra Manulife Manufacturing Fund compared to other Sectoral / Thematic funds?
Mahindra Manulife Manufacturing Fund has an Active Share of 82.93%, 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 Manufacturing Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Mahindra Manulife Manufacturing Fund added 2 new stocks (including Powerica Limited) and exited 6 stocks (including Triveni Turbine Limited). Total holding count decreased from 49 to 46 stocks.