Question 1

What is the current NAV of Mahindra Manulife Multi Asset Allocation Fund Direct - Growth?

Accepted Answer

The current Net Asset Value (NAV) of the Mahindra Manulife Multi Asset Allocation Fund - Direct Growth plan is approximately ₹12.8458 as of Sep 29, 2025.

Question 2

What are the returns of this mutual fund scheme?

Accepted Answer

The Mahindra Manulife Multi Asset Allocation Fund Direct - Growth is a 1 yrs 7 m old fund and has delivered average annual returns of 17.44% since inception.

Mahindra Manulife Multi Asset Allocation Fund Direct - Growth Returns

1-Year	Since Inception
11.1%	17.44%

Question 3

How much does this mutual fund charge as expense ratio?

Accepted Answer

The Mahindra Manulife Multi Asset Allocation Fund - Direct Growth has an expense ratio of 0.42%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

Question 4

What is the AUM or fund size of this mutual fund?

Accepted Answer

The Mahindra Manulife Multi Asset Allocation Fund currently has assets under management (AUM) or fund size valued at approximately 642 Cr as on Aug 31, 2025.

Question 5

What are the top stock holdings of Mahindra Manulife Multi Asset Allocation Fund?

Accepted Answer

The Mahindra Manulife Multi Asset Allocation Fund's equity portion has been invested in the stocks of the following companies

Company	Percentage of Portfolio
HDFC Bank Ltd.	3.57%
ICICI Bank Ltd.	3.49%
Reliance Industries Ltd.	2.15%
State Bank of India	1.94%
Mahindra & Mahindra Ltd.	1.82%
Divi's Laboratories Ltd.	1.73%
Bharti Airtel Ltd.	1.68%
ITC Ltd.	1.56%
Axis Bank Ltd.	1.55%
Infosys Ltd.	1.54%

Question 6

What are the top sectors Mahindra Manulife Multi Asset Allocation Fund has invested in?

Accepted Answer

The Mahindra Manulife Multi Asset Allocation Fund's equity portion is primarily invested in the following sectors -

Company	Percentage of Portfolio
HDFC Bank Ltd.	3.57%
ICICI Bank Ltd.	3.49%
Reliance Industries Ltd.	2.15%
State Bank of India	1.94%
Mahindra & Mahindra Ltd.	1.82%
Divi's Laboratories Ltd.	1.73%
Bharti Airtel Ltd.	1.68%
ITC Ltd.	1.56%
Axis Bank Ltd.	1.55%
Infosys Ltd.	1.54%

Question 7

To whom does Mahindra Manulife Multi Asset Allocation Fund lend to?

Accepted Answer

The top 3 debt holdings of Mahindra Manulife Multi Asset Allocation Fund are as follows

Holding Name	Percentage of Portfolio
TVS Credit Services Ltd.	3.97%
Muthoot Finance Ltd.	3.97%
GOI	2.81%

Question 8

What is the quality of borrowers this mutual fund scheme lends to?

Accepted Answer

The credit rating of the instruments in which the fund invests represents the quality of the borrower. The Mahindra Manulife Multi Asset Allocation Fund's debt portion's allocation by credit quality is given below

Holding Name	Percentage of Portfolio
TVS Credit Services Ltd.	3.97%
Muthoot Finance Ltd.	3.97%
GOI	2.81%

Question 9

What is risk level of Mahindra Manulife Multi Asset Allocation Fund?

Accepted Answer

This is a Multi Asset Allocation fund comes with Very High risk.

Question 10

Is there any lock-in period in this mutual fund?

Accepted Answer

No, this fund does not have any lock-in period.

Question 11

How do I invest in Mahindra Manulife Multi Asset Allocation Fund Direct - Growth?

Accepted Answer

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. The whole process takes just a few minutes. Here's how it works:

For the Desktop Version:

Click on the "Invest Now" button at the top right, then scan the QR code to download the app.

For the Mobile Version:

Click on the "Invest on App" button at the bottom to download the app.
Once the app is downloaded:
Sign-up and complete your one time KYC process, or log in if you're already registered.
Search for Mahindra Manulife Multi Asset Allocation Fund - Direct Growth, select your investment mode (lump sum or SIP), and enter the investment amount.
Provide the required details, including the bank account you'll use for payment, and confirm your investment.

That's it. Your investment in the Mahindra Manulife Multi Asset Allocation Fund is complete.

Question 12

How can I redeem my investments in Mahindra Manulife Multi Asset Allocation Fund?

Accepted Answer

Redeeming your investments in the Mahindra Manulife Multi Asset Allocation Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

If you have invested from anywhere else, you can go to the fund house website and put a request through it.

Expense ratio	0.42% as on Aug 31, 2025
Exit load	0.5% Exit load of 0.5%, if redeemed within 3 months.!
AUM (Fund size)	₹642 Cr
Lock-in Period	Nil
Age	1 yrs 7 m since Feb 20, 2024
Benchmark	NA
Min. investment	This scheme is currently not buyable
Risk	Very High

Period	This fund	Category average
1 Month	3.67%	1.94%
3 Months	4.62%	1.99%
6 Months	12.44%	9.63%
1 Year	11.1%	6.67%

Fund name	1M	6M	1Y	3Y	5Y	10Y
Mahindra Manulife Multi Asset Allocation Fund	3.67%	12.44%	11.1%	N.A.	N.A.	N.A.
ICICI Prudential Asset Allocator Fund (FOF)	0.24%	6.68%	6.08%	15.29%	16.77%	13.05%
Kotak Multi Asset Omni FoF	1.48%	10.52%	5.66%	20.56%	20.61%	15.49%
ICICI Prudential Multi Asset Fund	1.56%	7.92%	7.31%	20.88%	25.72%	16.89%
SBI Multi Asset Allocation Fund	3.53%	10.87%	8.05%	17.67%	16.05%	12.27%
Nippon India Multi Asset Allocation Fund	2.3%	12.95%	9.65%	21.98%	19.86%	9.25%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Mahindra Manulife Multi Asset Allocation Fund	N.A.	N.A.	N.A.	N.A.
ICICI Prudential Asset Allocator Fund (FOF)	5.2	0.54	1.5	2.23
Kotak Multi Asset Omni FoF	8.28	0.87	1.37	1.95
ICICI Prudential Multi Asset Fund	7.05	0.7	1.69	3.01
SBI Multi Asset Allocation Fund	6.72	0.67	1.35	2.53
Nippon India Multi Asset Allocation Fund	8.15	0.85	1.44	2.52

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Mahindra Manulife Multi Asset Allocation Fund	N.A.	642 Cr	1 yrs 7 m	0.42%
ICICI Prudential Asset Allocator Fund (FOF)	N.A.	27,258 Cr	12 yrs 8 m	0.23%
Kotak Multi Asset Omni FoF	N.A.	1,877 Cr	12 yrs 8 m	0.33%
ICICI Prudential Multi Asset Fund	N.A.	64,770 Cr	12 yrs 8 m	0.66%
SBI Multi Asset Allocation Fund	N.A.	8,395 Cr	12 yrs 8 m	0.58%
Nippon India Multi Asset Allocation Fund	N.A.	6,959 Cr	5 yrs 1 m	0.28%

Mahindra Manulife Multi Asset Allocation Fund Direct - Growth

Historical NAV & returns

Mahindra Manulife Multi Asset Allocation Fund overview

Mahindra Manulife Multi Asset Allocation Fund Returns calculator

Trailing returns as on Sep 11, 2025

Asset allocationas on Aug 31, 2025

Peer comparison

Key risk & return ratios Compared to other funds in the category

Compare Mahindra Manulife Multi Asset Allocation Fund in detail with

About this fund

About Mahindra Manulife Multi Asset Allocation Fund

Fund managers

Investment objective

Mahindra Manulife Mutual Fund details

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Frequently asked questions

Mahindra Manulife Multi Asset Allocation Fund Direct - Growth Returns

ET Money rank

Fund AUM	642 Cr as on Aug 31, 2025
Scheme document	View Scheme Document

No. of schemes	25 view all schemes
Total AUM	29,590 Cr as on Jun 30, 2025
Address	1st Floor - Sadhana House, 570 - P.B. Marg, Worli, Mumbai, 400018
Phone	022-66327900

Fund name	ETM Rank	AUM	1Y	5Y
Mahindra Manulife Aggressive Hybrid Fund	N.A.	1,837 Cr	0.49%	21.85%
Mahindra Manulife Equity Savings Fund	N.A.	547 Cr	4.11%	13.59%
Mahindra Manulife Balanced Advantage Fund	N.A.	907 Cr	0.17%	N.A.
Mahindra Manulife Arbitrage Fund	N.A.	98 Cr	6.14%	5.31%

Sector	Percentage of Portfolio
Financial	14.11%
Energy	6.03%
Automobile	5.050000000000001%
Technology	4.74%
Materials	4.63%
Metals & Mining	4.6%
Healthcare	3.4899999999999998%
Consumer Staples	2.9%
Chemicals	1.81%
Capital Goods	1.7%

Credit Quality	Percentage of Portfolio
AA+	9.29%
Cash & Call Money	4.280592%
SOV	2.938232%