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Multi Asset Allocation · Hybrid

Mahindra Manulife Multi Asset Allocation Fund

Mahindra Manulife Investment Management Pvt Ltd
Benchmark
NIFTY 500 TRI 45% + CRISIL Composite Bond Index 40% + Domestic Price of Physical Gold 10% + Domestic Price of Silver 5%
Riskometer
Very High
Size
₹1,217 cr
Allotted
13 Mar 2024
Holdings as of
30 Sep 2026

Mahindra Manulife Multi Asset Allocation Fund is a multi asset allocation fund of Mahindra Manulife Investment Management Pvt Ltd with ₹1,217 cr under management. It is ahead of its benchmark (NIFTY 500 TRI 45% + CRISIL Composite Bond Index 40% + Domestic Price of Physical Gold 10% + Domestic Price of Silver 5%) in 1 of 1 periods. Its direct plan charges 0.58% a year. Renjith Sivaram has managed it for 2.6 years.

Has Mahindra Manulife Multi Asset Allocation Fund beaten its benchmark?

Ahead of its benchmark, NIFTY 500 TRI 45% + CRISIL Composite Bond Index 40% + Domestic Price of Physical Gold 10% + Domestic Price of Silver 5%, in 1 of 1 periods in AMFI's figures; +5.43% over the last year against +3.36%.

Period returns

Direct Plan, growth · 3y and longer a year
PeriodFundNifty 500 TRIAhead
1 month−2.76% −3.60% —
3 months−1.68% −5.03% —
6 months+0.60% −1.83% —
1 year+4.50% −4.06% +8.56 pts
3 years— +9.27% —
5 years— +8.00% —
10 years— +12.69% —
Since start
from 15 Mar 2024
+13.82%——
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
Ahead of its benchmark (NIFTY 500 TRI 45% + CRISIL Composite Bond Index 40% + Domestic Price of Physical Gold 10% + Domestic Price of Silver 5%) in 1 of 1 periods.
PeriodDirectRegularBenchmarkAheadRank
1y +5.43%+3.85%+3.36% +2.07 🔒
3y ——— — —
5y ——— — —
10y ——— — —
Ahead in points a year · its rank among Multi Asset Allocation funds, and how steady the lead is, in the app

Value of 100, month-end

Mar 2024 to 14 Oct 2026
50100150 2025
Fund 138Nifty 500 TRI 112

₹100 put in at the start of Mar 2024 would be ₹138 on 14 Oct 2026, against ₹112 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 Multi Asset Allocation Fund cost?

0.58% a year on the direct plan, 1.89% on the regular plan; 1 of 18 funds in its category charge less.

Direct plan
0.58% a year
Category median 0.93%
Regular plan
1.89% a year
Category median 2.21%
Gap
1.31 points
for the same holdings
1 of 18 funds in its category charge less on the direct plan.
Expense report, Oct 2026 · Hybrid Schemes - Multi Asset Allocation 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 Multi Asset Allocation Fund?

Renjith Sivaram, since 13 Mar 2024; Rahul Pal, since 13 Mar 2024; Kush Sonigara, since 1 Jan 2026.

Renjith Sivaram
2.6 years
since 13 Mar 2024
Rahul Pal
2.6 years
since 13 Mar 2024
Kush Sonigara
0.8 years
since 1 Jan 2026
Benchmark as filed45% NIFTY 500 TRI + 40% CRISIL Composite Bond Index + 10% Domestic Price of Physical Gold +5% Domestic Price of Silver
Exit load
10% of the units allotted shall be redeemed without any exit load, on or before completion of 3 months from the date of allotment of Units. Any redemption in excess of the above limit shall be subject to the following exit load: - An Exit Load of 1% is payable if Units are redeemed / switched-out on or before completion of 3 months from the date of allotment of Units; - Nil - If Units are redeemed / switched-out after completion of 3 months from the date of allotment of Units.
From 7 Scheme Summary Documents filed with NSE, first on 14 Apr 2026; as on 12 Oct 2026

What does Mahindra Manulife Multi Asset Allocation Fund hold?

85 holdings as of 30 Sep 2026; the ten largest are 39.6% of the fund, the largest HDFC Bank Limited at 3.5%.

Mix

Holdings as of 30 Sep 2026
Equity72.2%Debt0.0%Cash3.5%Other25.0%
Holdings
85
75 shares
Top ten
39.6%
of the fund
Effective holdings
51.6
spread, as if equal-weighted
Matched to our table
73%
of the equity

Five largest

% of fund
HDFC Bank Limited3.50%
ICICI Bank Limited3.39%
8.42% Muthoot Finance Limited 2029 (FRN) **3.09%
Bharti Airtel Limited2.08%
8.85% TVS Credit Services Limited 2027 **2.07%

Five largest industries

% of fund
Banks16.3%
CRISIL AAA11.0%
CRISIL AA+8.10%
Pharmaceuticals & Biotechnology6.30%
SOVEREIGN4.90%

By company size

% of equity · SEBI size lists
Large Cap66.4%Mid Cap12.7%Small Cap20.9%

How does Mahindra Manulife Multi Asset Allocation 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 Multi Asset Allocation 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 50: 60% of it differs from the index (an active fund is usually above 60%).
Active share 60.5%60%

Funds that hold much the same

% of holdings in common
Mahindra Manulife Equity Savings Fund55.9% the same
66 shared holdings
HDFC NIFTY 100 ETF42.7% the same
32 shared holdings
HDFC NIFTY 100 Index Fund42.7% the same
32 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 Multi Asset Allocation Fund?

Renjith Sivaram (manager) since 13 Mar 2024; Rahul Pal (manager) since 13 Mar 2024; Kush Sonigara (manager) since 1 Jan 2026.

What is the expense ratio of Mahindra Manulife Multi Asset Allocation Fund?

0.58% a year on the direct plan and 1.89% on the regular plan (expense report, Oct 2026).

Inside the app

See Mahindra Manulife Multi Asset Allocation Fund beside your own funds in Valarth

Start freeStart free
A Valarth stock page: the share price with its chart and 52-week range, valuation and profitability figures, and a scorecard of health checks.
Stock pagePrice, valuation, profitability and a scorecard of health checks for every company, each figure explained.
The Valarth stock screener: a table of companies with price, market cap, P/E, P/B, PEG, EPS and ROE, and filters down the left.
ScreenerEvery listed company, filtered on 212 figures, each with a plain-language lesson beside it.
The Valarth AI Screener answering 'Which companies will benefit from India's Project 75 submarine programme?' with a basket of four naval shipbuilders and a written thesis.
AI ScreenerAsk a question in plain English, like which companies benefit from India's Project 75. It reads the intent, builds the screen and writes the thesis.
A Valarth business-model card for State Bank of India, with a plain-language summary and statements verified against the filing.
Business modelHow a company makes money and what can hurt it, each statement checked against its annual report.
Valarth's Before the Bell edition, with the day's headline, regulator notes and sector moves.
Before the BellA morning edition before the market opens: what moved, which rule changed, and what it means for your holdings.

Mahindra Manulife Multi Asset Allocation Fund in the app: beside your own funds, with what you own through them

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