Mahindra Manulife Mutual Fund: Top Funds & Key Facts
Mahindra Manulife Mutual Fund manages ₹4,742 crore across 15 schemes. Discover top funds, performance data, and how to start your SIP online.
Mahindra Manulife Mutual Fund is a joint venture between Mahindra & Mahindra Financial Services Ltd. and Manulife Investment Management (Singapore) Pte. Ltd., incorporated on 4 February 2016. The fund house currently manages ₹4,742 crore in assets across 15 schemes spanning equity, hybrid, and debt categories.
Key takeaways
- Mahindra Manulife Mutual Fund was incorporated on 4 February 2016 and has completed 10 years in operation.
- Total AUM stands at ₹4,742 crore across 15 schemes.
- The AMC is co-sponsored by Mahindra & Mahindra Financial Services Ltd. and Manulife Investment Management (Singapore) Pte. Ltd.
- Its fund range covers multi-cap, large-cap, mid-cap, flexi-cap, small-cap, aggressive hybrid, and ELSS categories.
- Anthony Heredia serves as both MD and CEO, with Krishna Sanghavi and Rahul Pal as CIOs.
About Mahindra Manulife Mutual Fund
Mahindra & Mahindra Financial Services Limited and Manulife Investment Management (Singapore) Pte. Ltd. came together to establish this AMC in the Indian mutual fund market. The partnership combines domestic financial services expertise with global asset management capabilities. Over its 10-year history, the fund house has built a product shelf designed to serve a range of investor goals.
The AMC offers 15 schemes that include multi-cap, large-cap, mid-cap, flexi-cap, small-cap, aggressive hybrid, and ELSS funds, giving investors options across risk profiles and investment horizons.
Key Fund House Details
The table below summarises the essential information about Mahindra Manulife Mutual Fund.
| Field | Detail |
|---|---|
| Total AUM | ₹4,742.00 crore |
| Number of schemes | 15 |
| AMC age | 10 years |
| Incorporation date | 4 February 2016 |
| 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.) |
| Trustees | Mr. Manohar G. Bhide, Mr. Gautam G. Parekh, Mr. A.K. Sridhar, Mr. Suneet K. Maheshwari, Mr. Nilesh Sathe, Mr. Michael C Fitzgerald |
| CIO | Mr. Krishna Sanghavi, Mr. Rahul Pal |
| MD | Mr. Anthony Heredia |
| CEO | Mr. Anthony Heredia |
| Compliance officer | Mr. Ravi Dayma |
| Address | 1st Floor, Sadhana House, Behind Mahindra Tower, 570 P. B. Marg, Worli, Mumbai 400018 |
Leadership Team
Anthony Heredia serves as both Managing Director and CEO. Krishna Sanghavi and Rahul Pal are the Chief Investment Officers. Ravi Dayma is the Compliance Officer. The trustee board comprises Mr. Manohar G. Bhide, Mr. Gautam G. Parekh, Mr. A.K. Sridhar, Mr. Suneet K. Maheshwari, Mr. Nilesh Sathe, and Mr. Michael C Fitzgerald, under the trustee organisation Mahindra Manulife Trustee Pvt. Ltd.
Top 10 Mahindra Manulife Funds Ranked by Invo Wealth Score
The funds below are top funds ranked by Invo Wealth's internal score. The table shows trailing returns across 6-month, 1-year, 3-year, and 5-year periods.
Performance data as of 5 September 2026.
| Fund | Sub-category | 6M CAGR | 1Y CAGR | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Mahindra Manulife Focused Fund | Focused Fund | -1.23% | 2.22% | 12.76% | 12.33% |
| Mahindra Manulife Multi Cap Fund | Multi Cap Fund | 29.61% | 15.12% | 16.28% | 15.04% |
| Mahindra Manulife Aggressive Hybrid Fund | Aggressive Hybrid Fund | 0.07% | -1.34% | 10.53% | 10.09% |
| Mahindra Manulife Small Cap Fund | Small Cap Fund | 60.41% | 19.30% | 19.29% | -- |
| Mahindra Manulife Mid Cap Fund | Mid Cap Fund | 21.87% | 13.43% | 17.17% | 17.18% |
| Mahindra Manulife Multi Asset Allocation Fund | Multi Asset Allocation Fund | 8.67% | 15.29% | -- | -- |
| Mahindra Manulife Equity Savings Fund | Equity Savings Fund | 6.95% | 6.09% | 7.99% | 7.20% |
| Mahindra Manulife Ultra Short Term Fund | Ultra Short Duration Fund | 7.08% | 6.29% | 6.88% | 6.14% |
| Mahindra Manulife Balanced Advantage Fund | Dynamic Asset Allocation / Balanced Advantage Fund | 8.78% | 4.60% | 9.67% | -- |
| Mahindra Manulife Short Term Fund | Short Duration Fund | 5.69% | 5.23% | 6.81% | 5.63% |
All funds listed are Regular Plan - Growth option. CAGR = compound annual growth rate.
Among the equity funds, the Small Cap Fund stands out with a 1-year return of 19.30% and a 3-year return of 19.29%, while the Multi Cap Fund has delivered 16.28% over three years. The Mid Cap Fund shows consistent 3-year and 5-year returns of 17.17% and 17.18% respectively. On the conservative end, the Ultra Short Duration Fund and Short Duration Fund show steadier but lower returns in the 5–7% range, suited to investors with shorter time horizons.
Understanding the Risk Profile of These Funds
Returns alone do not tell the full story — the table below covers volatility, maximum drawdown, and Sortino ratio for each fund.
| Fund | ISIN | Mean 1Y rolling return | Volatility | Max drawdown (3Y) | Sortino ratio |
|---|---|---|---|---|---|
| Mahindra Manulife Focused Fund | INF174V01AD4 | 17.73% | 16.60% | -17.03% | 0.48 |
| Mahindra Manulife Multi Cap Fund | INF174V01317 | 21.15% | 20.06% | -20.64% | 0.62 |
| Mahindra Manulife Aggressive Hybrid Fund | INF174V01754 | 15.65% | 12.86% | -12.85% | 0.38 |
| Mahindra Manulife Small Cap Fund | INF174V01BH3 | 24.90% | 22.08% | -26.44% | 0.75 |
| Mahindra Manulife Mid Cap Fund | INF174V01473 | 23.79% | 20.34% | -21.40% | 0.67 |
| Mahindra Manulife Multi Asset Allocation Fund | INF174V01BT8 | 14.56% | 10.86% | -9.73% | 1.05 |
| Mahindra Manulife Equity Savings Fund | INF174V01150 | 9.36% | 6.29% | -5.10% | 0.21 |
| Mahindra Manulife Ultra Short Term Fund | INF174V01853 | 5.85% | 0.42% | -0.07% | -0.72 |
| Mahindra Manulife Balanced Advantage Fund | INF174V01BB6 | 11.37% | 12.22% | -10.41% | 0.29 |
| Mahindra Manulife Short Term Fund | INF174V01AJ1 | 5.78% | 1.14% | -0.48% | -0.26 |
What the Risk Metrics Tell Investors
- The Small Cap Fund carries the highest volatility (22.08%) and the steepest drawdown (-26.44%), reflecting the nature of small-cap investing.
- The Ultra Short Duration Fund has the lowest volatility (0.42%) and a near-zero drawdown (-0.07%), making it suitable for short-term capital parking.
- The Multi Asset Allocation Fund posts the highest Sortino ratio at 1.05, indicating relatively strong risk-adjusted performance.
- The Multi Cap Fund and Mid Cap Fund offer a middle ground, with Sortino ratios of 0.62 and 0.67 respectively.
- The Focused Fund has a more moderate 3-year return of 12.76% alongside a drawdown of -17.03%, which investors should weigh against their own risk tolerance.
How to Invest in Mahindra Manulife Mutual Funds
Starting a SIP is straightforward. You can invest directly through the fund house's official website using your folio number or through any registered online investment platform. Sign up on Invo Wealth to get complete portfolio insights and start investing in mutual funds that actually suit your goals.
How to Redeem Your Investment
Redemption can be done offline by visiting the fund house and submitting a form, or online by logging in to the fund house website or any platform where you originally invested. The proceeds are credited to your registered bank account after the request is processed.
How to Increase or Stop Your SIP
To raise your SIP amount, check whether the Step-up or Top-up SIP facility is available with the fund house — most AMCs now offer this. To cancel a SIP, log in to the fund house website with your folio number or use the online platform where your SIP was set up.
Conclusion
Mahindra Manulife Mutual Fund, backed by a decade of operations and a dual sponsorship from Mahindra Financial Services and Manulife Investment Management, offers a broad range of equity, hybrid, and debt schemes under one roof. With ₹4,742 crore in AUM and 15 schemes available, it caters to both growth-oriented and more conservative investor profiles. Looking at both the return history and risk metrics — volatility, maximum drawdown, and Sortino ratio — alongside your own investment goals will help you choose the fund that fits your financial plan.
Frequently asked questions
How do I start a SIP in Mahindra Manulife Mutual Fund online?
You can start a Mahindra Manulife Mutual Fund SIP through Invo Wealth or directly on the fund house's official website. Any SEBI-registered online investment platform or mobile app that supports the fund house is also a valid option.
How do I calculate my Mahindra Manulife Mutual Fund SIP returns?
To estimate your SIP returns, you need your monthly investment amount, the tenure of the SIP, the number of instalments already paid, and your expected rate of return. Entering these figures into an online SIP calculator will give you a projected maturity value.
How do I redeem my Mahindra Manulife Mutual Fund investment?
You can redeem offline by visiting the fund house office and submitting a redemption form. Online, log in to the fund house's website with your folio number or place a withdrawal request on the platform where you originally invested.
Can I increase my SIP amount in Mahindra Manulife Mutual Fund?
Yes, the Step-up or Top-up SIP facility lets you increase your SIP amount periodically. It is advisable to first confirm with the fund house that this facility is available, then use a Step-up SIP Calculator to plan the revised amount before making any changes.
How do I stop or cancel a Mahindra Manulife Mutual Fund SIP online?
You can cancel your SIP at any time by placing a Cancel SIP request. Log in to the fund house's website using your folio number, contact your investment agent, or use the online investment platform where your SIP was originally set up.
Mutual fund investments are subject to market risks; read all scheme-related documents carefully. This article is for education only and is not investment advice. Past performance does not guarantee future returns. Invo Wealth is an AMFI-registered mutual fund distributor (ARN-368528).