Mahindra Manulife Mutual Fund

Mahindra Manulife Mutual Fund was established as a trust with Mahindra & Mahindra Financial Services Limited and Manulife Investment Management (Singapore) Pte. Ltd, as the Co-Sponsors, and Mahindra Manulife Trustee Private Limited (MMTPL), as the trustee of the Mutual Fund. Mahindra Manulife Mutual Fund was registered with SEBI on February 4, 2016. 

Mahindra & Mahindra Financial Services Limited (Mahindra Finance) holds a 51%  stake in Mahindra Manulife Mutual Fund, with Manulife Investment Management (Singapore) Pte. Ltd. (MIMS) holding the remaining 49%. The Mahindra Manulife Mutual Fund’s AUM as of the last day of the Quarter, i.e., December 2024, stood at Rs. 28,26,721.825 Lakhs, while the Average AUM for the Quarter Rs. 29,05,005.969 Lakhs.

Key Stakeholders: Mahindra Finance & Manulife Singapore

Mahindra & Mahindra Financial Services Ltd (MMFSL) and Manulife Investment Management (Singapore) Pte. Ltd. created a joint venture, Mahindra Manulife Mutual Fund, to offer different investment solutions across asset classes and platforms. Under the Share Subscription Agreement executed amongst Mahindra Financial, Manulife Singapore, MMTPL and MMIMPL, Manulife Singapore acquired 49% of the post-issue equity share capital (on a fully diluted basis) of MMTPL and MMIMPL on April 29, 2020. It became a Co-Sponsor of the Mutual Fund. 

Accordingly, Mahindra Mutual Fund was renamed Mahindra Manulife Mutual Fund, and SEBI issued a fresh registration certificate on June 1, 2020, in the name of ‘Mahindra Manulife Mutual Fund’. 

Key Information About Mahindra Manulife Mutual Fund

How to Invest in the Mahindra Manulife Mutual Fund

Investing in the best Mahindra Manulife Mutual Funds can be complex. To make it easier, here is a step-by-step guide:

1. Choose Your Mutual Fund Type

According to your risk tolerance (low, mid, or high) and financial goals, choose your mutual types, such as equity, debt, hybrid, index, and sector funds.

2. Select a Mutual Fund Scheme

After carefully analysing the historical returns, expense ratio, reviews, and ratings of different schemes, choose your preferred Mahindra Manulife Mutual Fund.

3. Login or Open a Demat Account

Log in to your Stack Wealth account. If you do not have an account, you can register with your mobile number and create a new one immediately.

4. Complete KYC (Know Your Customer) Requirements

The next step involves providing personal information and verifying identity. You must upload a government-issued ID such as PAN, Aadhar and proof of address. Follow the instructions in the app to complete this step smoothly.

5. Select Investment Mode (SIP or lumpsum)

If you prefer regular, disciplined investing, you can set-up a systematic investment plan (SIP), which is periodic (monthly, quarterly, etc.). Alternatively, if you have a large amount to invest, you can make a lump-sum investment. Select the investment period of your choice.

6. Confirm and Track Your Investment

After setting up your investment, sit back and watch your money grow. The Stack Wealth app will provide regular updates and reports on your portfolio’s performance. You can also adjust your investments or withdraw funds as needed.

List of Best Mahindra Manulife Mutual Funds in India

Here is the list of some of the best Mahindra Manulife Mutual Funds in India:

* All data as of 28 Feb 2025

Detailed Overview of Mahindra Manulife Mutual Fund Schemes

Now, let’s discuss these 10 Mahindra Manulife Mutual Fund schemes in detail:

1. Mahindra Manulife ELSS Tax Saver Fund - Direct Plan-Growth

Mahindra Manulife ELSS Tax Saver Fund is an open-ended equity-linked savings scheme investing in a portfolio of diversified equity and equity-related instruments with a statutory lock-in of 3 years and tax advantage. 

• Fund Performance: The fund's annualized returns for the past three and five years have been around 13.89% and 19.32%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹14,778. 

• Minimum Investment Amount: The minimum lump sum for the Mahindra Manulife ELSS Tax Saver Fund is ₹500; for Min Add Lumpsum, it is ₹500; for SIP, it is ₹500.

2. Mahindra Manulife Large & Mid Cap Fund - Direct Plan-Growth

Mahindra Manulife Large & Mid Cap Fund is an open-ended equity scheme investing mainly in equity and equity-related securities of large and Mid-cap companies to generate long-term wealth creation and income.

• Fund Performance: The fund's annualized returns for the past three and five years have been around 15.41% and 22.20%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹15,379. 

• Minimum Investment Amount: The minimum lump sum for the Mahindra Manulife Large & Mid Cap Fund is ₹1000; for Min Add Lumpsum, it is ₹1,000; for SIP, it is ₹500.

3. Mahindra Manulife Liquid Fund - Direct Plan-Growth

Mahindra Manulife Liquid Fund is an open-ended liquid scheme Investing in money market instruments and debt. The scheme aims to provide reasonable market-related returns with lower risk and higher liquidity. 

• Fund Performance: The fund's annualized returns for the past three and five years have been around 6.64% and 5.50%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹12,128. 

• Minimum Investment Amount: The minimum lump sum for the Mahindra Manulife Liquid Fund is ₹1,000; for Min Add Lumpsum, it is ₹1,000; for SIP, it is ₹0.

4. Mahindra Manulife Equity Savings Fund - Direct Plan-Growth

Mahindra Manulife Equity Savings Fund is an open-ended hybrid scheme investing in equity, arbitrage, and debt to generate long-term capital appreciation and income.

• Fund Performance: The fund's annualized returns for the past three and five years have been around 9.72% and 12.59%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹13,211. 

• Minimum Investment Amount: The minimum lump sum for the Mahindra Manulife Equity Savings Fund is ₹1,000; for Min Add Lumpsum, it is ₹1,000; for SIP, it is ₹500.

5. Mahindra Manulife Ultra Short Duration Fund - Direct Plan-Growth

Mahindra Manulife Ultra Short Duration Fund is an open-ended ultra-short-term debt scheme investing in a portfolio of short-term debt & money market securities such that the portfolio’s Macaulay duration is between 3 - 6 months. 

• Fund Performance: The fund's annualized returns for the past three and five years have been around 6.72% and 5.98%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹12,158. 

• Minimum Investment Amount: The minimum lump sum for the Mahindra Manulife Ultra Short Duration Fund is ₹1,000; for Min Add Lumpsum, it is ₹1,000; for SIP, it is ₹500.

6. Mahindra Manulife Consumption Fund - Direct Plan-Growth

Mahindra Manulife Consumption Fund is an open-ended equity scheme following the Consumption theme, i.e., investing predominantly in equity and equity-related securities, including derivatives of entities involved in or expected to benefit from the consumption-led demand in India.

• Fund Performance: The fund's annualized returns for the past three and five years have been around 17.97% and 16.90%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹16,425. 

• Minimum Investment Amount: The minimum lump sum for the Mahindra Manulife Consumption Fund is ₹1,000; for Min Add Lumpsum, it is ₹1,000; for SIP, it is ₹500.

7. Mahindra Manulife Aggressive Hybrid Fund - Direct Plan-Growth

Mahindra Manulife Aggressive Hybrid Fund is an open-ended hybrid scheme investing predominantly in equity and equity-related instruments to generate long-term capital appreciation and income.

• Fund Performance: The fund's annualized returns for the past three and five years have been around 16.12% and 19.76%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹15,663. 

• Minimum Investment Amount: The minimum lump sum for the Mahindra Manulife Aggressive Hybrid Fund is ₹1,000; for Min Add Lumpsum, it is ₹1,000; for SIP, it is ₹500.

8. Mahindra Manulife Mid Cap Fund - Direct Plan-Growth

Mahindra Manulife Mid Cap Fund is an open-ended equity scheme that predominantly invests in a portfolio of equity & equity-related securities and derivatives in mid-cap companies. The scheme strives to generate long-term capital appreciation and provide long-term growth opportunities.

• Fund Performance: The fund's annualized returns for the past three and five years have been around 22.49% and 26.50%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹18,388. 

• Minimum Investment Amount: The minimum lump sum for the Mahindra Manulife Mid Cap Fund is ₹1,000; for Min Add Lumpsum, it is ₹1,000; for SIP, it is ₹500.

9. Mahindra Manulife Dynamic Bond Fund - Direct Plan-Growth

Mahindra Manulife Dynamic Bond Fund is an open-ended dynamic debt scheme investing in actively managing a money market portfolio and debt instruments across duration. The scheme strives to generate stable returns and capital appreciation.

• Fund Performance: The fund's annualized returns for the past three and five years have been around 6.48% and 5.74%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹12,076. 

• Minimum Investment Amount: The minimum lump sum for the Mahindra Manulife Dynamic Bond Fund is ₹1,000; for Min Add Lumpsum, it is ₹1,000; for SIP, it is ₹500.

10. Mahindra Manulife Balanced Advantage Fund - Direct Plan-Growth

Mahindra Manulife Balanced Advantage Fund is an open-ended dynamic asset allocation fund. It invests in a dynamically handled portfolio of equity, equity-related instruments, and debt and money market instruments to achieve capital appreciation while generating medium to long-term income.

• Fund Performance: The fund's annualized returns for the past three years and since inception have been around 13.00% and 12.51%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹14,436. 

• Minimum Investment Amount: The minimum lump sum for the Mahindra Manulife Balanced Advantage Fund is ₹1,000; for Min Add Lumpsum, it is ₹1,000; for SIP, it is ₹500.

Top Fund Managers

Below is the list of people who have made Mahindra Manulife Mutual Fund Investment a standout choice in a highly competitive market.

1. Mr. Krishna Sanghavi 

Mr. Krishna Sanghavi is the Chief Investment Officer of Equity at MMIMPL. He has over 29 years of extensive experience, including 16 years in the Mutual Fund Industry and around 8 years in the Life Insurance Industry. Previously, he was associated with Canara Robeco AMC, Kotak Mahindra AMC and Aviva Life Insurance Company India Ltd. as ‘Head of Equities’. 

2. Mr. Rahul Pal 

Mr. Rahul Pal is the CIO of Fixed Income at MMIMPL. Previously, he was associated with Taurus AMC as ‘CIO of Fixed Income’ and Sundaram AMC as ‘Fund Manager of Fixed Income. ’ 

3. Ms. Fatema Pacha 

Ms. Fatema Pacha is an equity fund manager at MMIMPL. He has over 18 years of work experience, of which around 15 years have been in equity research and fund management. Previously, she was associated with ICICI Prudential Life Insurance and UTI Mutual Fund. 

4. Mr. Amit Garg 

Mr. Amit Garg is a fixed-income fund manager at MMIMPL and has over 19 years of experience in Fixed Income dealing activities. For 4 years, he managed Mahindra Manulife Mutual Fund’s dealing functions of fixed-income schemes. Previously, he was associated with Daiwa AMC and was responsible for handling funds and dealing activities for fixed-income schemes. 

5. Mr. Navin Matta 

Mr. Navin Matta has been associated with Mahindra Manulife Investment Management Private Limited since July 2020 and is now an equity fund manager & research analyst. He has around 19 years of experience in the field of Equity Research. Previously, Mr Navin was associated with SAFE Enterprises, BOB Capital, HDFC Securities and Bajaj Allianz Life Insurance, where he worked as a Research Analyst.