Mahindra Manulife Multi Asset Allocation Fund

Q: What are the returns of this mutual fund scheme?

The Mahindra Manulife Multi Asset Allocation Fund is a 1 yrs 7 m old fund and has delivered average annual returns of 15.54% since inception. Mahindra Manulife Multi Asset Allocation Fund Returns 1-Year Since Inception 9.3% 15.54%

NAV as of Sep 29, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹12.5236+0.69% 1 day change	15.54% p.a.	App exclusive #NA View Ranked Funds	₹642 Cr

Historical NAV & returns

NAV: ₹12.5236 as on Sep 29, 2025

This fund Category average

Mahindra Manulife Multi Asset Allocation Fund overview

AUM (Fund size)	₹642 Cr
Exit load	0.5% Exit load of 0.5%, if redeemed within 3 months.!
Lock-in Period	Nil
Age	1 yrs 7 m since Feb 20, 2024
Benchmark	NA
Min. investment	This scheme is currently not buyable
Expense ratio	2.03% as on Aug 31, 2025
Plan type	Regular
Risk	Very High

Mahindra Manulife Multi Asset Allocation Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Sep 11, 2025

Period	This fund	Category average
1 Month	3.55%	1.86%
3 Months	4.19%	1.72%
6 Months	11.53%	9.06%
1 Year	9.3%	5.59%

Asset allocationas on Aug 31, 2025

Large Cap 38.88%

Mid Cap 6.7%

Small Cap 9.99%

Other Cap 0%

Top holdings

HDFC Bank Ltd.3.57%

ICICI Bank Ltd.3.49%

Reliance Industries Ltd.2.15%

State Bank of India1.94%

Top sectors

Financial 14.11%

Energy 6.03%

Automobile 5.050000000000001%

Technology 4.74%

AA+ 9.29%

Cash & Call Money 4.280592%

SOV 2.938232%

AAA 2.382948%

Top Debt Holdings

TVS Credit Services Ltd. 3.97%

Muthoot Finance Ltd. 3.97%

GOI 2.81%

Godrej Industries Ltd. 1.35%

Allocation by Instruments

Mutual Fund 17.52%

Non Convertible Debenture 7.94%

Real Estate Investment Trusts 7.41%

Repo 3.12%

Other Holdings

Nippon India Silver ETF - Growth 9.54%

ICICI Prudential Gold Exchange Traded Fund 7.2%

Nexus Select Trust 2.98%

Brookfield India Real Estate Trust REIT 2.46%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
Mahindra Manulife Multi Asset Allocation Fund	3.55%	11.53%	9.3%	N.A.	N.A.	N.A.
ICICI Prudential Asset Allocator Fund (FOF)	0.16%	6.14%	5.01%	14.06%	15.46%	12.11%
Kotak Multi Asset Omni FoF	1.44%	10.15%	4.96%	19.69%	19.72%	14.67%
ICICI Prudential Multi Asset Fund	1.51%	7.53%	6.53%	20.01%	24.87%	15.99%
SBI Multi Asset Allocation Fund	3.47%	10.4%	7.1%	16.61%	15.03%	11.25%
Nippon India Multi Asset Allocation Fund	2.22%	12.3%	8.37%	20.43%	18.25%	8.5%

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)	5.19	0.54	1.29	1.93
Kotak Multi Asset Omni FoF	8.28	0.87	1.28	1.82
ICICI Prudential Multi Asset Fund	7.05	0.7	1.59	2.82
SBI Multi Asset Allocation Fund	6.71	0.67	1.22	2.28
Nippon India Multi Asset Allocation Fund	8.15	0.85	1.28	2.24

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Mahindra Manulife Multi Asset Allocation Fund	N.A.	642 Cr	1 yrs 7 m	2.03%
ICICI Prudential Asset Allocator Fund (FOF)	N.A.	27,258 Cr	21 yrs 10 m	1.27%
Kotak Multi Asset Omni FoF	N.A.	1,877 Cr	21 yrs 2 m	1.01%
ICICI Prudential Multi Asset Fund	N.A.	64,770 Cr	22 yrs 11 m	1.38%
SBI Multi Asset Allocation Fund	N.A.	8,395 Cr	19 yrs 10 m	1.42%
Nippon India Multi Asset Allocation Fund	N.A.	6,959 Cr	5 yrs 1 m	1.44%

View all Multi Asset Allocation funds

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

Risk ratios are based on three-year data. The required data is unavailable for the scheme.

Compare Mahindra Manulife Multi Asset Allocation Fund in detail with

About this fund

About Mahindra Manulife Multi Asset Allocation Fund

Mahindra Manulife Multi Asset Allocation Fund is a Multi Asset Allocation mutual fund scheme from Mahindra Manulife Mutual Fund. This fund has been in existence for 1 yrs 7 m, having been launched on 20/02/2024. Mahindra Manulife Multi Asset Allocation Fund has ₹642 Crores worth of assets under management (AUM) as on 31/08/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Mahindra Manulife Multi Asset Allocation Fund as of 29/09/2025 is ₹12.52. The fund has an expense ratio of 2.03%, which is higher than what most other Multi Asset Allocation funds charge. Currently, the fund has a 55.57% allocation to equity and 16.00% to Debt.

Mahindra Manulife Multi Asset Allocation Fund returns of last 1-year are 9.10%. Since launch, it has delivered 15.65% average annual returns.
The fund's equity portion is primarily invested in Unclassified, Financial, Construction, Energy, Automobile sectors. It has taken less exposure in Unclassified, Financial sectors compared to other funds in the category.
The debt portion of the fund has very low credit quality indicating the quality of borrowers it has lent it to is poor.
The fund's top 5 holdings are in Nippon India Silver ETF - Growth, ICICI Prudential Gold Exchange Traded Fund, Muthoot Finance Ltd., TVS Credit Services Ltd., HDFC Bank Ltd..

...

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

Fund managers

Rahul Pal

Mr. Pal is a B.Com (H) and Chartered Accountant. Prior to joining Mahindra Manulife Mutual Fund, he has worked with Taurus AMC, Sundaram Mutual Fund and IDBI Mutual Fund.

Renjith Sivaram Radhakrishnan

Mr. Sivaram is an MBA in Finance and holds a Bachelor’s degree in Mechanical engineering Prior to joining Mahindra Manulife Mutual Fund, he was associated with ICCI Securities, Antique Stock Broking, B&K Securities and Indian Seamless Steels and Alloys Ltd

Investment objective

The Scheme seek to generate long-term capital appreciation and income by investing in equity and equity related securities, debt & money market instruments, Gold/Silver ETFs and Exchange Traded Commodity Derivatives (ETCDs) as permitted by SEBI from time to time.

Mahindra Manulife Mutual Fund details

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

More funds from Mahindra Manulife Mutual Fund

Fund name	ETM Rank	AUM	1Y	5Y
Mahindra Manulife Aggressive Hybrid Fund	N.A.	1,837 Cr	-1.07%	19.69%
Mahindra Manulife Equity Savings Fund	N.A.	547 Cr	2.42%	11.65%
Mahindra Manulife Balanced Advantage Fund	N.A.	907 Cr	-1.47%	N.A.
Mahindra Manulife Arbitrage Fund	N.A.	98 Cr	5.3%	4.45%

See all Hybrid funds from this AMC

Frequently asked questions

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

The current Net Asset Value (NAV) of the Mahindra Manulife Multi Asset Allocation Fund plan is approximately ₹12.5236 as of Sep 29, 2025.

What are the returns of this mutual fund scheme?

The Mahindra Manulife Multi Asset Allocation Fund is a 1 yrs 7 m old fund and has delivered average annual returns of 15.54% since inception.

Mahindra Manulife Multi Asset Allocation Fund Returns

1-Year	Since Inception
9.3%	15.54%

How much does this mutual fund charge as expense ratio?

The Mahindra Manulife Multi Asset Allocation Fund has an expense ratio of 2.03%, 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.

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

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.

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

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%

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

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

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%

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

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%

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

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

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

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

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

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

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

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

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.

ET Money rank

App exclusive

in Multi Asset Allocation

#NA

Return Outperformance: This fund has generated highest return amongst Multi Asset Allocation funds in the last 1 Year.
Return/Risk: The fund is performing poorly than its category.
Exit Load: Exit load of 0.5%, if redeemed within 3 months.