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Mahindra Manulife Investment Management Private Limited is a joint venture between Mahindra Finance and Manulife Investment Management, combining the former’s strength in the domestic market and successful business-building track record with the latter’s global wealth and asset management capabilities and experience in serving the needs of Asian consumers across different markets. The joint venture aims to offer a wide range of investment solutions across India, with a particular focus on semi-urban areas.
The company also boasts a strong distribution network that allows it to reach a broad range of customers across the country. With these capabilities and a unique blend of expertise, Mahindra Manulife Investment Management Private Limited is well-positioned to provide its customers with high-quality, comprehensive investment solutions to suit their needs.
Mahindra Mutual Fund offers a robust portfolio of 21 schemes, with 9 equity, 6 debt, and 4 hybrid funds managed by 8 fund managers. The schemes are spread across different categories, providing customers with a wide range of investment options to choose from. With an AUM of ₹12,581.74 crores as of September 2023, Mahindra Mutual Fund is one of the leading players in the Indian mutual fund industry, offering customers high-quality investment solutions that meet their diverse needs.
| Founding date | 04-Feb-2016 |
| AMC Incorporation date | 20-Jun-2013 |
| Headquarters in | Mumbai |
| Name of the sponsors | Mahindra and Mahindra Financial Services Ltd., Manulife Investment Management (Singapore) Pte. Ltd. |
| Trustee organisation | Mahindra Manulife Trustee Pvt. Ltd. (Formerly Mahindra Trustee Company Pvt. Ltd.) |
| MD and CEO | Mr Anthony Heredia |
| Chief Investment Officer | Mr Krishna Sanghavi |
| Compliance Officer | Mr Ravi Dayma |
RP
Rahul Pal
Fund Manager since Apr 2022 (2 years)
VB
V Balasubramanian
Fund Manager since Apr 2022 (2 years)
KS
Krishna Sanghavi
Fund Manager since Aug 2023 (8 months)
AK
Abhinav Khandelwal
Fund Manager since Nov 2022 (1 year)
Investing in the Axis Mutual Fund is a hassle-free process when done through your Angel One account. You just have to follow these steps:
Step 1: Log in to your Angel One account by entering your mobile number and validate the OTP. Next, enter your MPIN.
Note: In case you do not have an account with Angel One, you can open a demat account with us in under a few minutes by submitting the necessary documents.
Step 2: Determine which fund is most suited based on your needs and risk profile. You can learn more about each fund on the Angel One app. Things to consider at this stage are:
Step 3: Once you finalise the fund(s) you want to invest in, open your Angel One account, go to the Mutual Funds section, and look for it. Since this can be a long-term investment, be careful when choosing the fund that you would like to invest in.
Investing in Mahindra Manulife Mutual Fund through Angel One is a digitally streamlined experience. The KYC process is simple, requiring only essential documents:
With Angel One, your KYC verification is a hassle-free procedure, ensuring efficient access to Mahindra Manulife Mutual Fund for both new and returning investors. You can count on our user-friendly platform to help you achieve your financial goals. Your KYC process will be completed in just 48-72 business hours, enabling you to initiate your mutual fund journey.
| Name of the Fund | Sub Category | AUM (₹in crore) | Minimum Investment (₹) | CAGR 3Y (%) | CAGR 5Y (%) |
| Mahindra Manulife Mid Cap Fund | Mid Cap Fund | 1475.96 | 1000 | 34.08 | 22.48 |
| Mahindra Manulife Multi Cap Fund | Multi Cap Fund | 2119.98 | 500 | 32.48 | 22.29 |
| Mahindra Manulife Large & Mid Cap Fund | Large & Mid Cap Fund | 1378.25 | 500 | 29.91 | – |
| Mahindra Manulife ELSS Fund | Equity Linked Savings Scheme (ELSS) | 656.14 | 500 | 28.11 | 16.65 |
| Mahindra Manulife Consumption Fund | Sectoral Fund – Consumption | 88.78 | 1000 | 24.25 | – |
| Mahindra Manulife Aggressive Hybrid Fund | Aggressive Hybrid Fund | 789.98 | 500 | 23.71 | – |
| Mahindra Manulife Large Cap Fund | Large Cap Fund | 260.78 | 1000 | 23.7 | – |
| Mahindra Manulife Equity Savings Fund | Equity Savings | 400.48 | 1000 | 15 | 12.05 |
| Mahindra Manulife Low Duration Fund | Low Duration Fund | 429.29 | 500 | 5.23 | 6.5 |
| Mahindra Manulife Ultra Short Duration Fund | Ultra Short Duration Fund | 207.75 | 1000 | 5.07 | – |
**All data as of October 4, 2023.
Selection Criteria: The funds chosen have demonstrated the highest Compound Annual Growth Rate (CAGR) over the past 3 years.
This fund falls into the Mid Cap category and has an Asset Under Management (AUM) of ₹1,475.96 crore. Mahindra Manulife Mid Cap Fund primarily invests in mid-sized companies, aiming to deliver steady growth over time. Its underlying assets consist of a diverse portfolio of mid-cap stocks. With a reasonable expense ratio of 0.56%, it has shown a Compound Annual Growth Rate (CAGR) of 34.08% over the past 3 years. This fund welcomes investments starting at ₹1000.
Mahindra Manulife Multi Cap Fund invests across various market cap, ensuring flexibility and diversification in its underlying assets. Categorised as a Multi Cap Fund, it manages an AUM of ₹2,119.98 crore and maintains a modest expense ratio of 0.43%. Over the last 3 years, it has delivered a CAGR of 32.48%. This fund allows for investments starting at ₹500.
Operating in the Large & Mid Cap category, this fund oversees an AUM of ₹1378.25 crore with an expense ratio of 0.46%. Mahindra Manulife Large & Mid Cap Fund seeks to balance its portfolio between large and mid-sized companies, offering a blend of stability and growth in its underlying assets. Over the past 3 years, it has yielded a CAGR of 29.91%. The minimum investment amount for this fund is ₹500.
An Equity Linked Savings Scheme (ELSS), this fund manages an AUM of ₹656.14 crore and has an expense ratio of 0.67%. Over the last 3 years, it has provided a CAGR of 28.11%. This fund allows investments starting at ₹500. Mahindra Manulife ELSS Fund combines tax-saving benefits with investments in equities, making it suitable for long-term financial planning. Its underlying assets consist of a diversified equity portfolio.
As a Sectoral Fund focused on Consumption, this fund handles an AUM of ₹88.78 crore and has an expense ratio of 0.79%. It has shown a CAGR of 24.25% over 3 years and accepts a minimum investment of ₹1,000. Mahindra Manulife Consumption Fund concentrates its investments in companies related to the consumption sector, offering potential growth based on consumer trends.
This Aggressive Hybrid Fund manages an AUM of ₹789.98 crore and maintains an expense ratio of 0.59%. Over a 3-year period, it has achieved a CAGR of 23.71%. The minimum investment for this fund is ₹500. Mahindra Manulife Aggressive Hybrid Fund combines equity and debt investments for a balanced approach. Its underlying assets include a mix of stocks and bonds.
Belonging to the Large Cap Fund category, this fund has an AUM of ₹260.78 crore and an expense ratio of 0.73%. It has provided a CAGR of 23.7% over the past 3 years and allows investments starting at ₹1000. Mahindra Manulife Large Cap Fund primarily invests in large, well-established companies, offering stability in its underlying assets.
As an Equity Savings Fund, it manages an AUM of ₹400.48 crore and maintains an expense ratio of 0.72%. Over the last 3 years, it has delivered a CAGR of 15%. The minimum investment for this fund is ₹1,000. Mahindra Manulife Equity Savings Fund combines equity, debt, and arbitrage strategies to create a balanced portfolio.
Operating as a Low Duration Fund, this scheme oversees an AUM of ₹429.29 crore with an expense ratio of 0.3%. Over the past 3 years, it has provided a CAGR of 5.23%. The minimum investment amount for this fund is ₹500. Mahindra Manulife Low Duration Fund primarily invests in short-term debt instruments, making it suitable for those seeking lower risk and liquidity.
Categorised as an Ultra Short Duration Fund, it manages an AUM of ₹207.75 crore with an expense ratio of 0.29%. Over the last 3 years, it has shown a CAGR of 5.07%. This fund allows investments starting at ₹1,000. Mahindra Manulife Ultra Short Duration Fund primarily invests in very short-term debt instruments, providing a stable and low-risk option for investors.
The best scheme in Mahindra Mutual Fund should align with your investment objectives and risk appetite. Here's what you can do:
You can redeem your units at Mahindra Asset Management Company Private Ltd. (MAMCPL) in two ways - via AMC’s website and Angel One. For the latter route, head to the Mutual Funds section under the Angel One App or visit https://www.angelone.in/mutual-funds/.
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