MAHINDRA MANULIFE MULTI ASSET ALLOCATION FUND
(An open ended scheme investing in Equity, Debt, Gold/Silver
Exchange Traded Funds (ETFs) and Exchange Traded Commodity Derivatives)
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| Data as on 30th September 2026 |
Product Suitability: This product is suitable for investors who are seeking*:
• Capital Appreciation while generating income over long term.;
• Investments across equity and equity related instruments, debt and money market instruments, units of Gold/Silver Exchange Traded Funds (ETFs) and Exchange Traded Commodity Derivatives.
Scheme Riskometer*
Scheme Benchmark Riskometer*
As per AMFI Tier I Benchmark i.e. 45% NIFTY 500 TRI + 40% CRISIL Composite Bond Index + 10% Domestic Price of Physical Gold + 5% Domestic Price of Silver
*Investors should consult their financial advisors if in doubt about whether the product is suitable for them.
Fund Details| Date of Inception / Allotment | : March 13, 2024 |
| Benchmark Name | : 45% NIFTY 500 TRI + 40% CRISIL Composite Bond Index + 10% Domestic Price of Physical Gold + 5% Domestic Price of Silver |
| NAV as on September 30, 2026: |
| NAV/Unit | Regular Plan (In Rs.) | Direct Plan (In Rs.) |
| IDCW | 12.7075 | 13.2580 |
| Growth | 13.5297 | 14.0907 |
IDCW History : Click Here
AUM as on September 30, 2026:
| Monthly AUM | : Rs 1,214.04 crores |
| Monthly AAUM | : Rs 1,230.96 crores |
| Quarterly AAUM | : Rs 1209.52 crores |
Fund Manager Details|
Name of Fund Manager: Mr. Renjith Sivaram | |
| Total Experience | : 16 years |
| Managing Since | : 13-Mar-24 |
| Mr. Rahul Pal | |
| Total Experience | : 24 years |
| Managing Since | : 13-Mar-24 |
| Mr. Kush Sonigara | |
| Total Experience | : 14 years |
| Managing Since | : 01-Jan-26 |
Minimum Investment
Lumpsum Amount:
Rs. 1,000 and in multiples of Rs.
1 thereafter
Minimum Weekly & Monthly SIP Amount:
Rs 500 and in multiples of Re 1 thereafter
Minimum Weekly & Monthly SIP Installments: 6
Minimum Quarterly SIP Amount:
Rs 1,500 and in multiples of Re 1 thereafter
Minimum Weekly & Monthly SIP Installments: 4
Load Structure
Exit Load:
● An Exit Load of 0.5% is payable if Units are
redeemed / switched-out up to 3 months from the
date of allotment;
● Nil if Units are redeemed / switched-out after 3
months from the date of allotment.
Redemption /Switch-Out of Units would be done on
First in First out Basis (FIFO).
Expense Ratio
Base Expense Ratio1
as on September 30, 2026:
Regular Plan : 1.55%
Direct Plan : 0.40%
1Base Expense Ratio excludes Brokerage Fees, Transaction Cost and other applicable statutory levies. For details of the Total Expense Ratio (TER), please refer the TER disclosure available on the website by visiting the link - https://www.mahindramanulife.com/downloads#mandatory-disclosures
Quantitative Measures /
Risk Measures| Standard Deviation | : NA |
| Beta | : NA |
| Sharpe Ratio# | : NA |
| Tracking Error (%) | : NA |
| Tracking Difference (%) | : NA |
| Information Ratio | : NA |
#Risk-free rate assumed to be 5.07% (TREPS as on
30-09-2026).
Source: www.mmda.org
Note: As per AMFI guidelines for factsheet, the ratios are
calculated based on month rolling returns for last 3 years.
Data as on September 30, 2026.
| Compounded Annualised Returns | Scheme Returns % (Regular) | Scheme Returns % (Direct) | Benchmark Returns % |
| Returns for the last 1 year | 8.18 | 9.83 | 7.00 |
| Returns for the last 3 years | NA | NA | NA |
| Returns for the last 5 years | NA | NA | NA |
| Returns since Inception | 12.58 | 14.39 | 11.81 |
Inception/Allotment date: 13-Mar-24. Past performance may or may not be sustained in future and should not be used as a basis of comparison with other investments. Since inception returns of the scheme is calculated on face value of Rs. 10 invested at inception. The performance details provided above are of Growth Option under Regular and Direct Plan. Different Plans i.e Regular Plan and Direct Plan under the scheme has different expense structure. Mr. Kush Sonigara is managing this fund since January 01, 2026.
Company / Issuer |
Net Assets |
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|---|---|---|
1. | ICICI Prudential Gold ETF | 12.32% |
2. | Mahindra Manulife Liquid Fund -Direct Plan -Growth | 4.94% |
3. | HDFC Bank Limited | 3.50% |
4. | ICICI Bank Limited | 3.39% |
5. | Brookfield India Real Estate Trust | 3.36% |
6. | Muthoot Finance Limited | 3.09% |
7. | Nippon India Silver ETF | 2.87% |
8. | Shriram Finance Limited | 2.57% |
9. | Bharti Airtel Limited | 2.08% |
10. | Bajaj Finance Limited | 2.07% |
| Portfolio Turnover Ratio (Annualized) | 0.70 |
| a) Equity Turnover (%) | 0.04 |
| b) Gross Exposure Turnover (%) | 0.70 |
| (Equity + Debt + Derivatives) | |
| Average Maturity (yrs) | 5.49 |
| Macaulay Duration (yrs) | 3.03 |
| Modified Duration (yrs) | 2.86 |
| Annualized Portfolio Yield | 8.07% |
| Yield to Maturity (%) | 8.07% |
 | Risks associated with investments in equity and equity related instruments |
| | Risks associated with investments in Debt and Money Market Instruments |
| | Risks associated with Structured Obligations/ Credit Enhancements |
| | Risks associated with investments in Securitized Debt |
| | Risk factors associated with repo transactions in Corporate Debt Securities: |
| | Risk factors associated with investments in Credit Default Swaps |
| | Risks associated with Real Estate Investment Trust (REIT) and Infrastructure Investment Trust (InvIT) |
| | Risks associated with investments in Derivatives |
| | Risks attached with the use of derivatives |
| | Risks associated with investment in Foreign Securities |
| | Risk associated with investments in Overseas ETFs |
| | Risk associated with investments in Gold/Silver ETF’s |
| | Risk Factors Associated with Investments in Other Commodities and Exchange Traded Commodity Derivatives (ETCDs) of various commodities |
| | Risks associated with segregated portfolio |
| | Risks associated with ‘Right to limit redemptions’ |
| | Risks associated with investing in Triparty Repo (TREPS) through CCIL |
| | Risks Factors associated with transaction in Units through stock exchange(s) |
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for Detailed Investment in Securities |
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for Allocation of Net Asset by Sectors |
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for Allocation of Net Asset by Asset Class |
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for Allocation of Net Asset by Credit Rating |
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for Allocation of Net Assets by Region / Country |
Major Changes w.r.t previous month -
| Name of securities added/Increased | Name of securities deleted/reduced | Total Weightage in %age |
| Mahindra Mutual Fund (Mahindra Manulife Liquid Fund - Direct - Growth) | 4.94 | |
| ICICI Securities Ltd. (91D) | -2.83 | |
| 7.34 Small Industries Development Bank Of India Feb 26 2029 | -1.20 | |
| Gland Pharma Ltd. | -0.80 | |
| Sai Life Sciences Ltd. | 0.76 | |
| HDFC Bank Limited CD (MD 21/09/2026) | -0.56 | |
| GAIL (India) Ltd. | -0.44 | |
| 8.55 Aditya Birla Real Estate Ltd. Erstwhile Century Textiles & Industries Ltd.) Aug 30 2029 | 0.41 | |
| 8.3721 Kotak Mahindra Investments Ltd. Aug 20 2027 | -0.41 | |
| 7.17 Tata Capital Housing Finance Ltd. May 21 2030 | 0.40 |
| Change in | Previous Month | Current Month |
| Direct | 0.42% | 0.40% |
| Regular | 1.57% | 1.55% |
1Base Expense Ratio excludes Brokerage Fees, Transaction Cost and other applicable statutory levies. For details of the Total Expense Ratio (TER), please refer the TER disclosure available on the website by visiting the link - https://www.mahindramanulife.com/downloads#mandatory-disclosures
| Name of security | Rating Previous Month | Rating Current Month |
| NA | NA | NA |
| Change in | Previous Month | Current Month |
| Scheme | NA | NA |
| Benchmark | NA | NA |
| Quantitative Measures /Risk Measures | Brief description/ Inference of the Quantitative measure | |
| 1 | Standard Deviation | Standard deviation is a statistical tool that measures the deviation or dispersion of the data from the mean or average. When seen in mutual funds, it tells you how much the return from your mutual fund portfolio is straying from the expected return, based on the fund’s historical performance. |
| 2 | Beta | Beta is a measure of an investment’s volatility in comparison to the market. Beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 implies that the security’s price will be more volatile than the market. |
| 3 | Sharpe Ratio | The Sharpe Ratio, is measure of risk-adjusted returns. It is calculated using standard deviation and excess return to determine reward per unit of risk. |
| 4 | Information Ratio | Measures the consistency of excess returns generated over the benchmark relative to tracking error. A higher ratio indicates better risk-adjusted benchmark outperformance. |
| 5 | Portfolio Turnover Ratio | Measures the extent of purchase and sale of securities in the portfolio during a specified period. A higher portfolio turnover ratio indicates more frequent trading and portfolio rebalancing. |
| Important Weblinks | ||
| 1 | Video Explainer | Link for a video providing simplified explanation of the Fund Factsheet along with explanation to various terminologies used. |
| 2 | Calculation/Methodology | Click here for various mathematical parameters and their respective calculation methodology/formulae. |
| 3 | Detailed Risk Factors | Click here for various risk factors associated with the Scheme. |
| 4 | Scheme Information Document (SID) |
Click here
Link for SID on AMC website.
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| 5 | Investor Services | https://www.mahindramanulife.com/contact-us |
| 6 | Grievance submission and redressal | https://www.mahindramanulife.com/contact-us |
Additional Disclosure
As per the latest Market Capitalisation
data provided by AMFI (In line with the
applicable SEBI guidelines)
Data as on September 30, 2026
^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 13-March-24. Past performance may or may not be sustained in future and should not be used as a basis of comparison with other investments. Returns greater than 1 year period are compounded annualized. For SIP returns, monthly investment of equal amounts invested on the 1st business day of every month has been considered. CAGR Returns (%) are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return).
Past Performance is not an indicator or guarantee of future results