Sectoral / Thematic · Equity

Mahindra Manulife Innovation Opportunities Fund

Mahindra Manulife Investment Management Pvt Ltd

Benchmark

Nifty 500 TRI

Riskometer

Very High

Size

₹259 cr

Allotted

30 Jan 2026

Holdings as of

30 Sep 2026

Mahindra Manulife Innovation Opportunities Fund is a sectoral / thematic fund of Mahindra Manulife Investment Management Pvt Ltd with ₹259 cr under management. Its direct plan charges 0.98% a year. Kirti Dalvi has managed it for 0.7 years.

Has Mahindra Manulife Innovation Opportunities Fund beaten its benchmark?

Period returns

Direct Plan, growth · 3y and longer a year

Period	Fund	Nifty 500 TRI	Ahead
1 month	−5.16%	−3.60%	—
3 months	−4.73%	−5.03%	—
6 months	+5.09%	−1.83%	—
1 year	—	−4.06%	—
3 years	—	+9.27%	—
5 years	—	+8.00%	—
10 years	—	+12.69%	—
Since start from 2 Feb 2026	—	—	—

Valarth price history to 14 Oct 2026 · the index is the one the fund is nearest; — not on record

Official figures

AMFI performance feed, 13 Oct 2026

Period	Direct	Regular	Benchmark	Ahead	Rank
1y	—	—	—	—	—
3y	—	—	—	—	—
5y	—	—	—	—	—
10y	—	—	—	—	—

Ahead in points a year · its rank among Sectoral / Thematic funds, and how steady the lead is, in the app

Value of 100, month-end

Feb 2026 to 14 Oct 2026

Fund 104Nifty 500 TRI 96

₹100 put in at the start of Feb 2026 would be ₹104 on 14 Oct 2026, against ₹96 in the Nifty 500 TRI.

Risk, falls and every year

🔒 Pro

Its worst fall and how long it took to recover, three-year stretches, Sharpe, beta and capture ratios, calendar years beside the index, and money in and out: in the app.

See them in the app →

What does Mahindra Manulife Innovation Opportunities Fund cost?

0.98% a year on the direct plan, 2.56% on the regular plan; 15 of 61 funds in its category charge less.

Direct plan

0.98% a year

Category median 1.09%

Regular plan

2.56% a year

Category median 2.40%

Gap

1.58 points

for the same holdings

15 of 61 funds in its category charge less on the direct plan.

Expense report, Oct 2026 · Equity Schemes - Thematic Fund

What the regular plan costs you over time

🔒 Pro

The same money left for years in the direct and the regular plan, side by side, and what the commission takes: in the app.

Who manages Mahindra Manulife Innovation Opportunities Fund?

Kirti Dalvi, since 30 Jan 2026; Renjith Sivaram Radhakrishnan, since 30 Jan 2026.

Kirti Dalvi

0.7 years

since 30 Jan 2026

Renjith Sivaram Radhakrishnan

0.7 years

since 30 Jan 2026

Benchmark as filedNifty 500 TRI (First Tier Benchmark)

Exit load

Exit Load (as % of NAV) #: -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). # Applicable for normal subscriptions / redemptions including transactions under special products such as SIP, SWP, switches, etc. offered by the AMC. For detailed load structure disclosure, please refer SID.

From 8 Scheme Summary Documents filed with NSE, first on 14 Apr 2026; as on 12 Oct 2026

What does Mahindra Manulife Innovation Opportunities Fund hold?

58 holdings as of 30 Sep 2026; the ten largest are 26.8% of the fund, the largest Eternal Limited at 3.8%.

Mix

Holdings as of 30 Sep 2026

Equity97.5%Debt0.0%Cash2.6%Other0.0%

Holdings

54 shares

Top ten

26.8%

of the fund

Effective holdings

49.0

spread, as if equal-weighted

Matched to our table

100%

of the equity

Five largest

% of fund

Eternal Limited3.79%

Bajaj Finance Ltd2.73%

One 97 Communications Limited2.64%

ICICI Bank Limited2.61%

Aditya Birla Capital Limited2.60%

Five largest industries

% of fund

Pharmaceuticals & Biotechnology13.4%

Banks8.50%

Finance6.90%

Transport Services6.10%

Retailing5.10%

By company size

% of equity · SEBI size lists

Large Cap40.1%Mid Cap34.9%Small Cap24.9%

How does Mahindra Manulife Innovation Opportunities Fund score against its category?

Seven scores against funds of its kind, and the warning signs it trips.

Scorecard

🔒 Pro

Seven scores, each out of 5, against funds in its category, with the reasons, and the warning signs it trips: in the app.

Open scorecard in the app →

Are the companies inside any good?

The holdings by valuation, forensic risk, business quality and balance sheet, weighted by their share of the fund.

The companies inside

🔒 Pro

The holdings weighted by their share of the fund: P/E and ROE, forensic risk levels, Valarth's valuation view, quality, moats, balance sheets and who owns them: in the app.

How is Mahindra Manulife Innovation Opportunities Fund run?

Turnover, what it bought and sold, its cash and its record in new listings, from its monthly holdings files.

How it is run

🔒 Pro

Turnover, what it bought and sold and when, how long it holds, size drift, cash and its record in new listings, from up to two years of monthly holdings files: in the app.

Which funds hold much the same?

The index it is nearest and the funds whose holdings overlap most.

not an index tracker

Nearest to the Nifty 500: 76% of it differs from the index (an active fund is usually above 60%).

Active share 75.5%60%

Funds that hold much the same

% of holdings in common

Mahindra Manulife Large & Mid Cap Fund42.9% the same

31 shared holdings

Mahindra Manulife Flexi Cap Fund39.1% the same

29 shared holdings

CANARA ROBECO MULTI ASSET ALLOCATION FUND37.8% the same

20 shared holdings

How much is in its sponsor's own group?

Holdings in companies of the fund house's sponsor group, beside the index.

Related-party exposure

🔒 Pro

How much of the fund is in companies of its sponsor's own group, beside what the index holds of them: in the app.

Questions people ask

Who manages Mahindra Manulife Innovation Opportunities Fund?

Kirti Dalvi (manager) since 30 Jan 2026; Renjith Sivaram Radhakrishnan (manager) since 30 Jan 2026.

What is the expense ratio of Mahindra Manulife Innovation Opportunities Fund?

0.98% a year on the direct plan and 2.56% on the regular plan (expense report, Oct 2026).