← Mahindra Manulife Mutual Fund

Mahindra Manulife Banking & Financial Services Fund - Direct - Growth

Equity Data as of May 2026 Comparing Apr 2026 → May 2026
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Stocks Held
30
May 2026
Equity Holdings
₹417.20 Cr
Equity only, excl. debt & cash
Top 5 Weight
41.4%
High concentration
Top 10 Weight
59.5%
Moderate
Changes
32
2 new · 2 exits
Top Sector
Banks
53.2% of portfolio
📋 What Happened This Month Mahindra Manulife Banking & Financial Services Fund made 2 new additions and exited 2 stocks this month. The biggest new buy was Fedbank Financial Ser Ltd (Finance) at 1.57% weight. IDFC First Bank Limited was the biggest exit (Banks), which was held at 1.20%. Among existing holdings, BSE Limited saw the biggest increase — now at 1.73% of the portfolio. State Bank of India was trimmed the most, now at 5.76%. ICICI Bank Limited remains the top holding with Banks the dominant sector at 53.2%. ↓ Scroll down for full holdings, sector allocation and month-on-month changes in detail.
Sector Shift Industry allocation month-over-month
Mar 2026 Apr 2026
Sector Prev Curr Delta
Banks 59.6% 54.7% -4.9%
Finance 18.9% 23.2% +4.3%
Capital Markets 9.1% 8.1% -1.1%
Insurance 6.4% 6.3% -0.1%
Financial Technology (Fintech) 0.8% 2.7% +1.9%
Apr 2026 May 2026
Sector Prev Curr Delta
Banks 54.7% 53.2% -1.5%
Finance 23.2% 23.7% +0.5%
Capital Markets 8.1% 11.4% +3.3%
Insurance 6.3% 6.5% +0.2%
Financial Technology (Fintech) 2.7% 2.8% +0.1%
🟢
Biggest New Buy
Fedbank Financial Ser Ltd
1.57% weight · Finance
🔴
Biggest Exit
IDFC First Bank Limited
1.20% was held · Banks
Biggest Add
BSE Limited
+1.49% · now 1.73%
Biggest Trim
State Bank of India
-3.10% · now 5.76%
🤝 Other funds also bought this month
360 One WAM Limited 19 funds
360 One WAM Limited
Axis Nifty Capital Markets Index Fund
ICICI Prudential Exports and Services Fund
SBI MIDCAP FUND - DIRECT PLAN - GROWTH + more
Fedbank Financial Ser Ltd 3 funds
Fedbank Financial Ser Ltd
JM Value Fund (Direct) - Growth Option
Mahindra Manulife Small Cap Fund - Direct Plan - Growth
Bandhan Nifty Total Market Index Fund
👋 Other funds also exited
IDFC First Bank Limited 4 funds
IDFC First Bank Limited
Bandhan Nifty Midcap 150 Index Fund-Direct Plan-Growth
Tata Banking And Financial Services Fund-Direct Plan-Growth
Bajaj Finserv Flexi Cap Fund-Direct Plan-Growth + more
Prudent Corporate Advisory Services Limited 2 funds
Prudent Corporate Advisory Services Limited
UTI Multi Cap Fund - Direct Plan - Growth Option
Axis Small Cap Fund - Direct Plan - Growth

What Changed in the Portfolio This Month?

Comparing Apr 2026 → May 2026

Apr 2026 May 2026
🟢 2 New Entries 🔴 2 Exits ↑ 16 Increased ↓ 12 Decreased
#StockSectorWeight (May 2026)
1
Fedbank Financial Ser Ltd
₹6.73 Cr
Finance 1.57%
2
360 One WAM Limited
₹6.63 Cr
Capital Markets 1.55%
#StockSectorLast Weight (Apr 2026)
1
IDFC First Bank Limited
₹5.11 Cr
Banks 1.20%
2
Prudent Corporate Advisory Services Limited
₹1.35 Cr
Capital Markets 0.32%
#StockSectorApr 2026May 2026Change
1
BSE Limited
₹7.41 Cr
Capital Markets 0.24% 1.73% +1.49%
2
Kotak Mahindra Bank Limited
₹13.25 Cr
Banks 1.62% 3.10% +1.48%
3
HDFC Bank Limited
₹38.18 Cr
Banks 7.78% 8.93% +1.15%
4
Nippon Life India Asset Management Limited
₹11.00 Cr
Capital Markets 1.63% 2.57% +0.94%
5
ICICI Bank Limited
₹55.64 Cr
Banks 12.33% 13.01% +0.68%
6
Bandhan Bank Limited
₹9.77 Cr
Banks 1.98% 2.28% +0.30%
7
Aditya Birla Capital Limited
₹18.29 Cr
Finance 4.07% 4.28% +0.21%
8
ICICI Prudential Asset Management Company Limited
₹12.76 Cr
Capital Markets 2.78% 2.98% +0.20%
9
Max Financial Services Limited
₹14.03 Cr
Insurance 3.11% 3.28% +0.17%
10
Equitas Small Finance Bank Limited
₹12.31 Cr
Banks 2.74% 2.88% +0.14%
#StockSectorApr 2026May 2026Change
1
State Bank of India
₹24.63 Cr
Banks 8.86% 5.76% -3.10%
2
Cholamandalam Investment and Finance Company Ltd
₹8.52 Cr
Finance 3.04% 1.99% -1.05%
3
Bank of Maharashtra
₹1.78 Cr
Banks 1.15% 0.42% -0.73%
4
Multi Commodity Exchange of India Limited
₹3.72 Cr
Capital Markets 1.56% 0.87% -0.69%
5
Tata Capital Limited
₹8.01 Cr
Finance 2.04% 1.87% -0.17%
6
Ujjivan Small Finance Bank Limited
₹13.43 Cr
Banks 3.29% 3.14% -0.15%
7
Bajaj Finance Limited
₹15.99 Cr
Finance 3.86% 3.74% -0.12%
8
Karur Vysya Bank Limited
₹13.23 Cr
Banks 3.15% 3.09% -0.06%
9
DCB Bank Limited
₹3.98 Cr
Banks 0.99% 0.93% -0.06%
10
Repco Home Finance Limited
₹2.35 Cr
Finance 0.58% 0.55% -0.03%

What Stocks Does This Fund Hold?

30 stocks — May 2026

# Stock Sector Cap Weight & Value
1
₹55.64 Cr
Banks
13.01%
2
₹38.18 Cr
Banks
8.93%
3
₹37.59 Cr
Banks
8.79%
4
₹24.63 Cr
Banks
5.76%
5
₹21.10 Cr
Finance
4.93%
6
₹18.29 Cr
Finance
4.28%
7
₹15.99 Cr
Finance
3.74%
8
₹15.19 Cr
Finance
3.55%
9
₹14.03 Cr
Insurance
3.28%
10
₹13.72 Cr
Insurance
3.21%
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🏦 Mahindra Manulife Mutual Fund — Portfolio & Holdings
See all funds managed by Mahindra Manulife Mutual Fund — conviction stocks, monthly entries & exits

Disclaimer: Data sourced from individual AMC monthly portfolio disclosures, as mandated by SEBI/AMFI. While we strive for accuracy, errors in parsing or presentation may occasionally occur. This is not investment advice. Please consult a SEBI-registered investment adviser before making any investment decisions.

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