Mahindra Manulife Manufacturing Fund
Mahindra Manulife Mutual Fund·Sectoral / Thematic·vs Nifty 500 TRI
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 | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹10.4138 | — | — | — | — | — | — |
| Regular Growth | ₹10.1080 | +3.73% | +1.53% | +1.00% | +7.44% | — | — |
| Direct IDCW | ₹10.4138 | — | — | — | — | — | — |
| Regular IDCW | ₹10.1080 | — | — | — | — | — | — |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
44
Top 5 Weight
24.55%
Top 10 Weight
40.75%
Active Share
—
Large Cap
45.64%
Gini
0.298
What Changed2026-03-31 → 2026-04-30
Holdings: 49 → 46+2 added−6 removed21 weight shifts ≥ 0.1%
| 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
Auto Components14.9%
Industrial Products10.8%
Automobiles9.2%
Pharmaceuticals & Biotechnology9.1%
nan7.8%
Ferrous Metals7.1%
Chemicals & Petrochemicals5.9%
Industrial Manufacturing5.2%
Petroleum Products5.1%
Aerospace & Defense5.0%
Top 10 sectors by % to NAV. Excludes derivatives.