Mahindra Manulife Value Fund
The fund maintains a classic value positioning with steady conviction in financials and quality compounders, though recent portfolio churn suggests tactical rebalancing rather than strategic overhaul. The eleven new entries—spanning shipbuilding, auto, sugar, and railways—signal the manager is hunting for undervalued cyclicals and infrastructure plays overlooked by the market, a calculated bet on economic normalization. Exits from housing finance and IT indicate a preference for avoiding momentum sectors, keeping the fund grounded in fundamentals rather than chasing recent outperformers.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹12.2686 | — | — | — | — | — | — |
| Regular Growth | ₹12.0088 | +2.71% | -0.04% | +1.49% | +8.20% | — | — |
| Direct IDCW | ₹12.2686 | — | — | — | — | — | — |
| Regular IDCW | ₹12.0088 | — | — | — | — | — | — |
Portfolio Metrics(latest month)
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Mazagon Dock Shipbuilders Limited | 1.13% |
| Maruti Suzuki India Limited | 1.08% |
| Balrampur Chini Mills Limited | 1.01% |
| Container Corporation of India Limited | 0.98% |
| Engineers India Limited | 0.97% |
| Elecon Engineering Company Limited | 0.77% |
| Vedanta Limited | 0.42% |
| Talwandi Sabo Power Limited | 0.19% |
| Vedanta Iron And Steel Limited | 0.19% |
| Malco Energy Limited | 0.19% |
| Vedanta Aluminium Metal Limited | 0.19% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Reliance Industries Limited INE002A01018 | 3.13% |
| 2 | ICICI Bank Limited INE090A01021 | 2.76% |
| 3 | Tube Investments Of India Limited INE974X01010 | 2.73% |
| 4 | Indus Towers Limited INE121J01017 | 2.67% |
| 5 | IndusInd Bank Limited INE095A01012 | 2.66% |
| 6 | Bajaj Auto Limited INE917I01010 | 2.57% |
| 7 | HDFC Bank Limited INE040A01034 | 2.53% |
| 8 | Shriram Finance Limited INE721A01047 | 2.37% |
| 9 | JSW Energy Limited INE121E01018 | 2.35% |
| 10 | Infosys Limited INE009A01021 | 2.14% |
| 11 | Grasim Industries Limited INE047A01021 | 1.95% |
| 12 | Jindal Saw Ltd INE324A01032 | 1.91% |
| 13 | Vodafone Idea Limited INE669E01016 | 1.83% |
| 14 | Tech Mahindra Limited INE669C01036 | 1.80% |
| 15 | Glenmark Pharmaceuticals Limited INE935A01035 | 1.77% |
| 16 | Tata Consultancy Services Limited INE467B01029 | 1.75% |
| 17 | IDFC First Bank Limited INE092T01019 | 1.66% |
| 18 | Mahindra Logistics Limited INE766P01016 | 1.65% |
| 19 | Oil India Limited INE274J01014 | 1.65% |
| 20 | Thermax Limited INE152A01029 | 1.63% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.