Investment Objective and Approach

The Mahindra Manulife Business Cycle Fund seeks to generate long-term capital appreciation by investing predominantly in equity and equity-related securities with a focus on identifying and investing in business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy. However, there is no assurance that the objective of the Scheme will be realized.

The fund follows a specialized approach of business cycle investing, which involves:

- Dynamic sector allocation based on different stages of economic cycles

- Thematic investment strategy targeting sectors and stocks positioned to benefit from specific business cycle phases

- Long-term capital appreciation focus rather than income generation

- Equity-focused portfolio with predominant allocation to equity and equity-related instruments

The fund benchmarks its performance against the NIFTY 500 TRI (also referred to as NSE 500 TRI). The fund has an exit load of 1% if units are redeemed or switched-out within 3 months from the date of allotment, while no exit load applies after 3 months.

Fund Managers

The fund is managed by a team of three experienced professionals:

Mr. Krishna Sanghavi

- Total experience: 27 years

- Managing this fund since September 11, 2023 (7 months of experience with this fund as of April 2024)

- Qualified as B.Com (H), CWA from ICWAI, Master of Management Studies (Finance) from NMIMS, Mumbai and CFA from ICFAI

- Prior experience includes working with Canara Robeco AMC, Kotak Mahindra AMC Ltd. and Kotak Life Insurance, Aviva Life Insurance Company Ltd.

Mr. Renjith Sivaram

- Total experience: 13 years

- Managing this fund since September 11, 2023

- Holds a Bachelor's degree in Mechanical engineering and MBA in Finance

- Previous associations include ICICI Securities, Antique Stock Broking, B&K Securities and Indian Seamless Steels and Alloys Ltd

Mr. Pranav Patel

- Total experience: 9 years, serving as dedicated Fund Manager for Overseas Investments

- Managing this fund since January 05, 2024 (4 months of experience with this fund)

Collectively, Mr. Krishna Sanghavi manages 2 schemes, Mr. Renjith Sivaram manages 3 schemes and Mr. Pranav Patel manages 5 schemes of Mahindra Manulife Mutual Fund.

About the Fund House (AMC)

Mahindra Manulife Mutual Fund represents a strategic partnership combining Indian market expertise with global investment management capabilities.

Company Formation and Partnership

In April 2020, Manulife, Canada-based global financial services group completed acquisition of 49% stake in Mahindra AMC, investing US$ 35 million (around Rs.265 crore) in this joint venture. The fund house was renamed from Mahindra Mutual Fund to Mahindra Manulife Mutual Fund in 2020 following this strategic partnership.

Regulatory Status and Experience

- Registered with SEBI in 2016 with Mahindra & Mahindra Financial Services Limited (MMFSL) and Manulife Investment Management (Singapore) Pte. Ltd., as the Co-Sponsors trusted by Manulife Trustee Private Limited

- With over 5 years of expertise in asset management, offering investment options across equity, debt, hybrid, ELSS, and FoF categories

Global Expertise and Market Focus

Mahindra & Mahindra Financial Services Limited and Manulife Investment Management together bring a perfect blend of global wealth and asset management skills. Manulife is a leading international financial services group, providing asset management and life insurance solutions with AUM of over US$ 915 billion as of December 31, 2019.

The fund house intends to provide a wide range of investment solutions for investors spread across India, with the primary focus being on semi-urban areas. According to the latest available financial data, Mahindra Manulife Mutual Funds has an AUM of over Rs 19,091.98 crore as of March 2024.

Leadership and Vision

Ashutosh Bishnoi, MD & CEO, has emphasized that "the rationale for the acquisition was to look for an alliance that could bring fund management process with proven track record. Manulife is one of big names in developed markets with focus on asset management business."

Should I Invest in Mahindra Manulife Business Cycle Fund?

Fund Suitability

This fund is suitable for investors who:

- Seek long-term capital appreciation through equity investments

- Have a high-risk tolerance as it focuses on equity securities

- Want exposure to different sectors based on business cycle dynamics

- Can stay invested for at least 3-5 years to benefit from business cycle rotations

- Understand thematic investing and sector rotation strategies

Key Investment Considerations

- Launch Date: September 11, 2023

- Minimum Investment: Rs. 1,000 for lumpsum and Rs. 500 for SIP

- Risk Profile: High risk due to equity-focused portfolio

- Investment Horizon: Long-term (minimum 3-5 years recommended)

- Fund Category: Equity - Thematic (Business Cycle focused)

Performance Metrics (As available)

- Since launch returns: 23.8% (as of June 16, 2025)

- Monthly AUM as of April 30, 2024: Rs. 826.97 crore

The fund's business cycle approach requires expertise in timing sector rotations, making it more suitable for investors who understand the complexities of thematic investing rather than those seeking broad market exposure.

FAQs

What is today's NAV of Mahindra Manulife Business Cycle Fund?

The NAV changes daily based on market conditions. You can check the current NAV on the fund house website or financial platforms like Allvest for real-time updates.

What is the AUM of Mahindra Manulife Business Cycle Fund?

As of April 30, 2024, the fund had an AUM of Rs. 826.97 crore. The AUM fluctuates based on market performance and investor flows.

What is the expense ratio of Mahindra Manulife Business Cycle Fund?

The expense ratio varies between regular and direct plans. Check the latest fund factsheet or Allvest platform for current expense ratio details, as these can change periodically.

What are the returns of Mahindra Manulife Business Cycle Fund since inception?

The fund has delivered returns of 23.8% since its launch in September 2023 (as of June 2025). Past performance doesn't guarantee future returns.

What is the minimum SIP amount to invest in Mahindra Manulife Business Cycle Fund?

The minimum SIP amount is Rs. 500 for weekly and monthly SIP, and Rs. 1,500 for quarterly SIP.

How do I invest in Mahindra Manulife Business Cycle Fund?

You can invest through Allvest platform online, directly through the fund house website, or through registered distributors. Complete your KYC documentation and choose between SIP or lumpsum investment options.

How to start a SIP in Mahindra Manulife Business Cycle Fund?

Log into your Allvest account, select the fund, choose SIP option, set your investment amount (minimum Rs. 500), select frequency, and set up auto-debit instructions for seamless investing.

How do I automate an SIP in Mahindra Manulife Business Cycle Fund?

Set up an auto-debit mandate through Allvest platform by linking your bank account. This ensures automatic monthly/quarterly deductions for uninterrupted SIP investments without manual intervention.

How can I withdraw/redeem my investment in Mahindra Manulife Business Cycle Fund?

Submit a redemption request through Allvest platform or the fund house website. Remember the exit load of 1% applies if redeemed within 3 months of investment. Proceeds typically credit within 2-3 business days.