What stocks does Mahindra Manulife Banking & Financial Services Fund hold?

Mahindra Manulife Banking & Financial Services Fund holds a portfolio of Indian equity stocks disclosed monthly by Mahindra Manulife Mutual Fund to AMFI. The complete current holdings with weights and month-over-month changes are available on this page. Data is sourced from official AMFI portfolio disclosures.

Which AMC manages Mahindra Manulife Banking & Financial Services Fund?

Mahindra Manulife Banking & Financial Services Fund is managed by Mahindra Manulife Mutual Fund, a SEBI-registered Asset Management Company in India.

What category is Mahindra Manulife Banking & Financial Services Fund?

Mahindra Manulife Banking & Financial Services Fund is classified as a Equity mutual fund under SEBI's mutual fund categorisation framework.

How often is Mahindra Manulife Banking & Financial Services Fund portfolio data updated?

Portfolio holdings for Mahindra Manulife Banking & Financial Services Fund are updated monthly. SEBI mandates all AMCs to disclose their complete portfolio within 10 days of each month end. RightAdvise sources this data directly from official AMFI portfolio disclosures.

← Mahindra Manulife Mutual Fund

Mahindra Manulife Banking & Financial Services Fund - Direct - Growth

Equity Data as of Apr 2026 Comparing Mar 2026 → Apr 2026

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Stocks Held

Apr 2026

Equity Holdings

₹405.52 Cr

Equity only, excl. debt & cash

Top 5 Weight

42.5%

High concentration

Top 10 Weight

60.4%

High concentration

Changes

1 new · 4 exits

Top Sector

Banks

54.7% of portfolio

📋 What Happened This Month Mahindra Manulife Banking & Financial Services Fund made 1 new addition and exited 4 stocks this month. The biggest new buy was L&T Finance Limited (Finance) at 3.47% weight. IIFL Finance Limited was the biggest exit (Finance), which was held at 1.36%. Among existing holdings, State Bank of India saw the biggest increase — now at 8.86% of the portfolio. HDFC Bank Limited was trimmed the most, now at 7.78%. ICICI Bank Limited remains the top holding with Banks the dominant sector at 54.7%. ↓ Scroll down for full holdings, sector allocation and month-on-month changes in detail.

NAV Performance

1 year history · Mahindra Manulife Banking & Financial Services Fund - Direct - Growth

-5.34%

-3.14%

-4.14%

—

Latest NAV

₹10.21

04 Jun 2026

52W High

₹11.16

-9% from High

52W Low

₹9.41

+9% from Low

Crisis Period Behaviour

"Pre-inception" = fund didn't exist during that period.

2024–25 Tariff

Pre-inception

Rec: N/A

COVID-19 Crash

Pre-inception

Rec: N/A

2022 Rate Hike

Pre-inception

Rec: N/A

2018 IL&FS

Pre-inception

Rec: N/A

NAV Chart ₹10.21 04 Jun 2026

Simple Moving Avg: Click to draw · click again to remove

Mahindra Manulife Banking & Financial Services Fund - Direct - Growth

Chart shows indexed performance (base = 100). Actual NAV: ₹10.21

Sector Shift Industry allocation month-over-month

Feb 2026 → Mar 2026

Sector	Prev	Curr ▼	Delta
Banks	58.8%	59.6%	▲ +0.8%
Finance	21.0%	18.9%	▼ -2.1%
Capital Markets	6.3%	9.1%	▲ +2.8%
Insurance	7.2%	6.4%	▼ -0.8%
Financial Technology (Fintech)	0.5%	0.8%	▲ +0.3%

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%

🟢

Biggest New Buy

L&T Finance Limited

3.47% weight · Finance

🔴

Biggest Exit

IIFL Finance Limited

1.36% was held · Finance

↑

Biggest Add

State Bank of India

+3.15% · now 8.86%

↓

Biggest Trim

HDFC Bank Limited

-5.69% · now 7.78%

🤝 Other funds also bought this month

L&T Finance Limited 30 funds

👋 Other funds also exited

ICICI Lombard General Insurance Company Limited 21 funds

Union Bank of India 16 funds

ICICI Prudential Life Insurance Company Limited 12 funds

IIFL Finance Limited 3 funds

What Changed?

Comparing Mar 2026 → Apr 2026

Mar 2026 → Apr 2026

🟢 1 New Entry 🔴 4 Exits ↑ 20 Increased ↓ 9 Decreased

#	Stock	Sector	Weight (Apr 2026)
1	L&T Finance Limited ₹14.83 Cr	Finance	3.47%

#	Stock	Sector	Last Weight (Mar 2026)
1	IIFL Finance Limited ₹5.06 Cr	Finance	1.36%
2	Union Bank of India ₹3.65 Cr	Banks	0.98%
3	ICICI Lombard General Insurance Company Limited ₹2.84 Cr	Insurance	0.76%
4	ICICI Prudential Life Insurance Company Limited ₹2.38 Cr	Insurance	0.64%

#	Stock	Sector	Mar 2026	Apr 2026	Change
1	State Bank of India ₹37.87 Cr	Banks	5.71%	8.86%	+3.15%
2	PB Fintech Limited ₹11.50 Cr	Financial Technology (Fintech)	0.78%	2.69%	+1.91%
3	Shriram Finance Limited ₹20.88 Cr	Finance	3.31%	4.89%	+1.58%
4	Karur Vysya Bank Limited ₹13.45 Cr	Banks	1.91%	3.15%	+1.24%
5	Aditya Birla Capital Limited ₹17.40 Cr	Finance	2.94%	4.07%	+1.13%
6	Max Financial Services Limited ₹13.29 Cr	Insurance	2.35%	3.11%	+0.76%
7	Tata Capital Limited ₹8.73 Cr	Finance	1.32%	2.04%	+0.72%
8	Nippon Life India Asset Management Limited ₹6.97 Cr	Capital Markets	0.99%	1.63%	+0.64%
9	Axis Bank Limited ₹37.06 Cr	Banks	8.10%	8.68%	+0.58%
10	SBI Life Insurance Company Limited ₹13.64 Cr	Insurance	2.67%	3.19%	+0.52%
11	Bandhan Bank Limited ₹8.47 Cr	Banks	1.61%	1.98%	+0.37%
12	Equitas Small Finance Bank Limited ₹11.72 Cr	Banks	2.43%	2.74%	+0.31%
13	PNB Housing Finance Limited ₹5.20 Cr	Finance	1.01%	1.22%	+0.21%
14	Bank of Maharashtra ₹4.90 Cr	Banks	1.03%	1.15%	+0.12%
15	ICICI Prudential Asset Management Company Limited ₹11.86 Cr	Capital Markets	2.71%	2.78%	+0.07%
16	Angel One Limited ₹6.58 Cr	Capital Markets	1.49%	1.54%	+0.05%
17	IDFC First Bank Limited ₹5.11 Cr	Banks	1.16%	1.20%	+0.04%
18	Cholamandalam Investment and Finance Company Ltd ₹12.97 Cr	Finance	3.01%	3.04%	+0.03%
19	DCB Bank Limited ₹4.24 Cr	Banks	0.96%	0.99%	+0.03%
20	Repco Home Finance Limited ₹2.50 Cr	Finance	0.57%	0.58%	+0.01%

#	Stock	Sector	Mar 2026	Apr 2026	Change
1	HDFC Bank Limited ₹33.24 Cr	Banks	13.47%	7.78%	-5.69%
2	Kotak Mahindra Bank Limited ₹6.90 Cr	Banks	4.88%	1.62%	-3.26%
3	Bajaj Finance Limited ₹16.49 Cr	Finance	5.37%	3.86%	-1.51%
4	Multi Commodity Exchange of India Limited ₹6.65 Cr	Capital Markets	2.86%	1.56%	-1.30%
5	ICICI Bank Limited ₹52.66 Cr	Banks	12.96%	12.33%	-0.63%
6	Prudent Corporate Advisory Services Limited ₹1.35 Cr	Capital Markets	0.74%	0.32%	-0.42%
7	Indian Bank ₹3.99 Cr	Banks	1.06%	0.93%	-0.13%
8	BSE Limited ₹1.05 Cr	Capital Markets	0.35%	0.24%	-0.11%
9	Ujjivan Small Finance Bank Limited ₹14.05 Cr	Banks	3.34%	3.29%	-0.05%

Full Portfolio

30 stocks — Apr 2026

#	Stock	Sector	Weight & Value
1	ICICI Bank Limited ₹52.66 Cr	Banks	12.33%
2	State Bank of India ₹37.87 Cr	Banks	8.86%
3	Axis Bank Limited ₹37.06 Cr	Banks	8.68%
4	HDFC Bank Limited ₹33.24 Cr	Banks	7.78%
5	Shriram Finance Limited ₹20.88 Cr	Finance	4.89%
6	Aditya Birla Capital Limited ₹17.40 Cr	Finance	4.07%
7	Bajaj Finance Limited ₹16.49 Cr	Finance	3.86%
8	L&T Finance Limited ₹14.83 Cr	Finance	3.47%
9	Ujjivan Small Finance Bank Limited ₹14.05 Cr	Banks	3.29%
10	SBI Life Insurance Company Limited ₹13.64 Cr	Insurance	3.19%
11	Karur Vysya Bank Limited ₹13.45 Cr	Banks	3.15%
12	Max Financial Services Limited ₹13.29 Cr	Insurance	3.11%
13	Cholamandalam Investment and Finance Company Ltd ₹12.97 Cr	Finance	3.04%
14	ICICI Prudential Asset Management Company Limited ₹11.86 Cr	Capital Markets	2.78%
15	Equitas Small Finance Bank Limited ₹11.72 Cr	Banks	2.74%
16	PB Fintech Limited ₹11.50 Cr	Financial Technology (Fintech)	2.69%
17	Tata Capital Limited ₹8.73 Cr	Finance	2.04%
18	Bandhan Bank Limited ₹8.47 Cr	Banks	1.98%
19	Nippon Life India Asset Management Limited ₹6.97 Cr	Capital Markets	1.63%
20	Kotak Mahindra Bank Limited ₹6.90 Cr	Banks	1.62%
21	Multi Commodity Exchange of India Limited ₹6.65 Cr	Capital Markets	1.56%
22	Angel One Limited ₹6.58 Cr	Capital Markets	1.54%
23	PNB Housing Finance Limited ₹5.20 Cr	Finance	1.22%
24	IDFC First Bank Limited ₹5.11 Cr	Banks	1.20%
25	Bank of Maharashtra ₹4.90 Cr	Banks	1.15%
26	DCB Bank Limited ₹4.24 Cr	Banks	0.99%
27	Indian Bank ₹3.99 Cr	Banks	0.93%
28	Repco Home Finance Limited ₹2.50 Cr	Finance	0.58%
29	Prudent Corporate Advisory Services Limited ₹1.35 Cr	Capital Markets	0.32%
30	BSE Limited ₹1.05 Cr	Capital Markets	0.24%