← Mahindra Manulife Mutual Fund

Mahindra Manulife Business Cycle Fund - Direct Plan - Growth

Equity Data as of Apr 2026 Comparing Mar 2026 → Apr 2026
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Stocks Held
70
Apr 2026
Equity Holdings
₹1,270.46 Cr
Equity only, excl. debt & cash
Top 5 Weight
17.2%
Diversified
Top 10 Weight
29.2%
Diversified
Changes
75
12 new · 6 exits
Top Sector
Banks
13.7% of portfolio
📋 What Happened This Month Mahindra Manulife Business Cycle Fund made 12 new additions and exited 6 stocks this month. The biggest new buy was REC Limited (Finance) at 1.68% weight. Power Finance Corporation Limited was the biggest exit (Finance), which was held at 1.68%. Among existing holdings, Maruti Suzuki India Limited saw the biggest increase — now at 1.63% of the portfolio. ABB India Limited was trimmed the most, now at 0.40%. Reliance Industries Limited remains the top holding with Banks the dominant sector at 13.7%. ↓ Scroll down for full holdings, sector allocation and month-on-month changes in detail.
Sector Shift Industry allocation month-over-month
Feb 2026 Mar 2026
Sector Prev Curr Delta
Banks 15.8% 13.5% -2.3%
Pharmaceuticals & Biotechnology 8.7% 11.1% +2.4%
IT - Software 7.8% 9.1% +1.4%
Cement & Cement Products 8.7% 8.3% -0.4%
Power 5.9% 6.9% +1.0%
Finance 7.3% 6.9% -0.4%
Telecom - Services 5.7% 5.6% -0.1%
Automobiles 4.7% 5.6% +0.9%
Petroleum Products 4.2% 4.5% +0.3%
Auto Components 3.6% 3.4% -0.2%
Mar 2026 Apr 2026
Sector Prev Curr Delta
Banks 13.5% 13.7% +0.3%
Pharmaceuticals & Biotechnology 11.1% 9.6% -1.5%
Cement & Cement Products 8.3% 8.0% -0.3%
Power 6.9% 7.5% +0.6%
IT - Software 9.1% 6.7% -2.4%
Finance 6.9% 5.8% -1.1%
Automobiles 5.6% 5.2% -0.4%
Telecom - Services 5.6% 4.9% -0.8%
Petroleum Products 4.5% 4.6% +0.1%
Industrial Manufacturing 1.7% 3.8% +2.1%
🟢
Biggest New Buy
REC Limited
1.68% weight · Finance
🔴
Biggest Exit
Power Finance Corporation Limited
1.68% was held · Finance
Biggest Add
Maruti Suzuki India Limited
+0.58% · now 1.63%
Biggest Trim
ABB India Limited
-1.11% · now 0.40%
🤝 Other funds also bought this month
Talwandi Sabo Power Limited 183 funds
Talwandi Sabo Power Limited
Motilal Oswal Nifty MNC ETF
ICICI Prudential Commodities Fund - Direct Plan - Growth Option
SBI MNC FUND - DIRECT PLAN -GROWTH + more
Vedanta Aluminium Metal Limited 183 funds
Vedanta Aluminium Metal Limited
Nippon India ETF Nifty Next 50 Junior BeES
Aditya Birla Sun Life Nifty Next 50 Index Fund-Direct Growth
Aditya Birla Sunlife Nifty Next 50 ETF + more
Vedanta Iron And Steel Limited 183 funds
Vedanta Iron And Steel Limited
Motilal Oswal Nifty MNC ETF
ICICI Prudential Commodities Fund - Direct Plan - Growth Option
SBI MNC FUND - DIRECT PLAN -GROWTH + more
Malco Energy Limited 176 funds
Malco Energy Limited
Motilal Oswal Nifty MNC ETF
ICICI Prudential Commodities Fund - Direct Plan - Growth Option
SBI MNC FUND - DIRECT PLAN -GROWTH + more
Vedanta Limited 38 funds
Vedanta Limited
Mirae Asset Nifty 500 Value 50 ETF
Bandhan Nifty 500 Value 50 Index Fund
UTI - Nifty Next 50 Exchange Traded Fund. + more
REC Limited 33 funds
REC Limited
Invesco India PSU Equity Fund
ICICI Prudential PSU Equity Fund - Direct Plan - Growth
ICICI Prudential Dividend Yield Equity Fund + more
👋 Other funds also exited
Hero MotoCorp Limited 33 funds
Hero MotoCorp Limited
ICICI Prudential Nifty Auto Index Fund - Direct Plan - Growth
Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF
Bandhan Multi-Factor Fund - Direct Plan - Growth + more
Sun Pharmaceutical Industries Limited 33 funds
Sun Pharmaceutical Industries Limited
ICICI Prudential Long Term Bond Fund - Direct Plan - Growth
ICICI Prudential Nifty 200 Momentum 30 ETF
ICICI Prudential Nifty 200 Momentum 30 Index Fund - Direct Plan - Growth + more
Wipro Limited 19 funds
Wipro Limited
ICICI Prudential Nifty IT Index Fund - Direct Plan - Growth
Bandhan Multi-Factor Fund - Direct Plan - Growth
ICICI Prudential Nifty50 Value 20 Index Fund - Direct Plan - Growth + more
Power Finance Corporation Limited 15 funds
Power Finance Corporation Limited
ICICI Prudential Nifty200 Value 30 Index Fund - Direct Plan - Growth
ICICI Prudential Nifty Next 50 Index Fund - Direct Plan - Growth
Bandhan Nifty Next 50 Index Fund - Direct Plan - Growth + more
Belrise Industries Ltd. 1 fund
Belrise Industries Ltd.
TRUSTMF Flexi Cap Fund-Direct Plan- Growth
Piramal Finance Ltd 1 fund
Piramal Finance Ltd
Mahindra Manulife Mid Cap Fund - Direct Plan -Growth

What Changed?

Comparing Mar 2026 → Apr 2026

Mar 2026 Apr 2026
🟢 12 New Entries 🔴 6 Exits ↑ 23 Increased ↓ 34 Decreased
#StockSectorWeight (Apr 2026)
1
REC Limited
₹21.97 Cr
Finance 1.68%
2
Cochin Shipyard Limited
₹19.30 Cr
Industrial Manufacturing 1.48%
3
Adani Enterprises Limited
₹14.45 Cr
Metals & Minerals Trading 1.11%
4
Elecon Engineering Company Limited
₹9.53 Cr
Electrical Equipment 0.73%
5
Garden Reach Shipbuilders & Engineers Limited
₹8.79 Cr
Aerospace & Defense 0.67%
6
Mazagon Dock Shipbuilders Limited
₹8.20 Cr
Industrial Manufacturing 0.63%
7
Bosch Limited
₹7.20 Cr
Auto Components 0.55%
8
Vedanta Limited
₹6.25 Cr
Diversified Metals 0.48%
9
Vedanta Aluminium Metal Limited
₹2.78 Cr
Metals & Minerals Trading 0.21%
10
Malco Energy Limited
₹2.78 Cr
Power 0.21%
#StockSectorLast Weight (Mar 2026)
1
Power Finance Corporation Limited
₹19.81 Cr
Finance 1.68%
2
Wipro Limited
₹18.76 Cr
IT - Software 1.59%
3
Piramal Finance Ltd
₹13.56 Cr
Finance 1.15%
4
Hero MotoCorp Limited
₹12.15 Cr
Automobiles 1.03%
5
Sun Pharmaceutical Industries Limited
₹9.59 Cr
Pharmaceuticals & Biotechnology 0.81%
6
Belrise Industries Ltd.
₹8.34 Cr
Auto Components 0.71%
#StockSectorMar 2026Apr 2026Change
1
Maruti Suzuki India Limited
₹21.30 Cr
Automobiles 1.05% 1.63% +0.58%
2
Bandhan Bank Limited
₹21.29 Cr
Banks 1.28% 1.63% +0.35%
3
CESC Limited
₹30.94 Cr
Power 2.10% 2.37% +0.27%
4
NOCIL Limited
₹10.54 Cr
Chemicals & Petrochemicals 0.55% 0.81% +0.26%
5
IndusInd Bank Limited
₹32.93 Cr
Banks 2.30% 2.52% +0.22%
6
Kirloskar Brothers Limited
₹13.85 Cr
Industrial Products 0.91% 1.06% +0.15%
7
Vodafone Idea Limited
₹22.28 Cr
Telecom - Services 1.58% 1.71% +0.13%
8
Whirlpool of India Limited
₹14.78 Cr
Consumer Durables 1.01% 1.13% +0.12%
9
Reliance Industries Limited
₹59.93 Cr
Petroleum Products 4.50% 4.59% +0.09%
10
Bajaj Auto Limited
₹46.97 Cr
Automobiles 3.51% 3.60% +0.09%
#StockSectorMar 2026Apr 2026Change
1
ABB India Limited
₹5.24 Cr
Electrical Equipment 1.51% 0.40% -1.11%
2
Indus Towers Limited
₹41.00 Cr
Telecom - Services 4.04% 3.14% -0.90%
3
Infosys Limited
₹39.32 Cr
IT - Software 3.54% 3.01% -0.53%
4
Glenmark Pharmaceuticals Limited
₹20.45 Cr
Pharmaceuticals & Biotechnology 1.81% 1.57% -0.24%
5
The Ramco Cements Limited
₹25.25 Cr
Cement & Cement Products 2.11% 1.93% -0.18%
6
HCL Technologies Limited
₹8.99 Cr
IT - Software 0.85% 0.69% -0.16%
7
Biocon Limited
₹16.63 Cr
Pharmaceuticals & Biotechnology 1.42% 1.27% -0.15%
8
Ajanta Pharma Limited
₹17.78 Cr
Pharmaceuticals & Biotechnology 1.50% 1.36% -0.14%
9
ICICI Bank Limited
₹25.27 Cr
Banks 2.05% 1.93% -0.12%
10
HDFC Bank Limited
₹28.94 Cr
Banks 2.33% 2.22% -0.11%

Full Portfolio

70 stocks — Apr 2026

# Stock Sector Cap Weight & Value
1
₹59.93 Cr
Petroleum Products
4.59%
2
₹46.97 Cr
Automobiles
3.60%
3
₹41.00 Cr
Telecom - Services
3.14%
4
₹39.32 Cr
IT - Software
3.01%
5
₹37.73 Cr
Cement & Cement Products
2.89%
6
₹36.14 Cr
Power
2.77%
7
₹32.93 Cr
Banks
2.52%
8
₹30.94 Cr
Power
2.37%
9
₹28.94 Cr
Banks
2.22%
10
₹27.51 Cr
IT - Software
2.11%
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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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