← Mahindra Manulife Mutual Fund

Mahindra Manulife Business Cycle Fund - Direct Plan - Growth

Equity Data as of Aug 2026 Comparing Jul 2026 → Aug 2026
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Stocks Held
67
Aug 2026
Equity Holdings
₹1,320.04 Cr
Equity only, excl. debt & cash
AAUM
₹1,295.38 Cr
Apr-Jun 2026 · Direct + Regular
Top 5 Weight
16.2%
Diversified
Top 10 Weight
28.1%
Diversified
Changes
69
7 new · 4 exits
Top Sector
Banks
16.3% of portfolio
Launch Date
21 Aug 2023
3 years old

AAUM (Average Assets Under Management) of ₹1,295.38 Cr for Apr-Jun 2026 is the combined figure across Direct and Regular plans — sourced from AMFI India's quarterly disclosure. Equity Holdings above shows only the stock portion from the latest portfolio filing.

📋 What Happened This Month Mahindra Manulife Business Cycle Fund made 7 new additions and exited 4 stocks this month. The biggest new buy was Steel Authority of India Limited (Ferrous Metals) at 1.29% weight. ITC Limited was the biggest exit (Diversified FMCG), which was held at 1.66%. Among existing holdings, Vedanta Aluminium Metal Limited saw the biggest increase — now at 1.44% of the portfolio. The Federal Bank Limited was trimmed the most, now at 1.10%. Reliance Industries Limited remains the top holding with Banks the dominant sector at 16.3%. ↓ Scroll down for full holdings, sector allocation and month-on-month changes in detail.
Sector Shift Industry allocation month-over-month
Jun 2026 Jul 2026
Sector Prev Curr Delta
Banks 17.7% 17.3% -0.4%
Pharmaceuticals & Biotechnology 10.3% 10.1% -0.2%
Power 8.2% 8.5% +0.2%
Cement & Cement Products 7.7% 7.4% -0.3%
Finance 6.1% 6.8% +0.8%
IT - Software 6.0% 6.2% +0.2%
Automobiles 4.4% 4.4% +0.0%
Telecom - Services 4.4% 4.2% -0.3%
Petroleum Products 4.1% 4.0% 0.0%
Industrial Manufacturing 4.0% 3.7% -0.2%
Jul 2026 Aug 2026
Sector Prev Curr Delta
Banks 17.3% 16.3% -1.0%
Pharmaceuticals & Biotechnology 10.1% 10.4% +0.3%
Power 8.5% 7.7% -0.8%
Cement & Cement Products 7.4% 7.5% +0.1%
Finance 6.8% 5.7% -1.2%
IT - Software 6.2% 5.4% -0.8%
Industrial Manufacturing 3.7% 4.3% +0.6%
Telecom - Services 4.2% 4.3% +0.2%
Automobiles 4.4% 4.0% -0.4%
Petroleum Products 4.0% 3.9% -0.1%
🟢
Biggest New Buy
Steel Authority of India Limited
1.29% weight · Ferrous Metals
🔴
Biggest Exit
ITC Limited
1.66% was held · Diversified FMCG
Biggest Add
Vedanta Aluminium Metal Limited
+0.67% · now 1.44%
Biggest Trim
The Federal Bank Limited
-0.96% · now 1.10%
🤝 Other funds also bought this month
Hindalco Industries Limited 40 funds
Hindalco Industries Limited
Bandhan Nifty 500 Value 50 Index Fund
Mirae Asset Nifty 500 Value 50 ETF
Bandhan Nifty Alpha Low Volatility 30 Index Fund + more
JSW Steel Limited 33 funds
JSW Steel Limited
Bandhan Multi-Factor Fund - Direct Plan - Growth
Bandhan Nifty Alpha Low Volatility 30 Index Fund
SBI ESG Exclusionary Strategy Fund - Direct Plan -Growth + more
Tata Consumer Products Limited 20 funds
Tata Consumer Products Limited
Bandhan Nifty Alpha Low Volatility 30 Index Fund
HSBC Focused Fund - Direct Growth
Mirae Asset Nifty50 Equal Weight ETF + more
Foseco India Limited 17 funds
Foseco India Limited
SBI Long Term Advantage Fund - Series VI - Direct Plan - Growth
SBI Long Term Advantage Fund - Series V - Direct Plan - Growth
LIC MF Value Fund-Direct Plan-Growth + more
Steel Authority of India Limited 17 funds
Steel Authority of India Limited
Mirae Asset BSE Midcap 150 Momentum 30 ETF
Mirae Asset Multicap Fund - Direct Plan - Growth
Mirae Asset Nifty 500 Value 50 ETF + more
Triveni Engineering & Industries Limited 5 funds
Triveni Engineering & Industries Limited
BANK OF INDIA Large Cap Fund Direct Plan Growth
Bank of India Multi Asset Allocation Fund-Direct Plan-Growth
BANK OF INDIA Mid Cap Tax Fund Series 1 Direct Plan Growth + more
👋 Other funds also exited
ITC Limited 52 funds
ITC Limited
Kotak Nifty Top 10 Equal Weight Index Fund-Direct Plan-Growth
Kotak Nifty India Consumption ETF
Kotak Nifty 50 Value 20 ETF - Payout of Income Distribution cum capital withdrawal option + more
Tata Steel Limited 46 funds
Tata Steel Limited
Kotak Nifty Commodities Index Fund-Direct Growth
Kotak Nifty 200 Momentum 30 ETF
Kotak Nifty 200 Momentum 30 Index Fund - Direct Plan - Growth Option + more
HCL Technologies Limited 38 funds
HCL Technologies Limited
Kotak Nifty IT ETF
Mirae Asset Nifty Top 20 Equal Weight ETF
KOTAK NIFTY 200 QUALITY 30 INDEX FUND - DIRECT PLAN - GROWTH + more

What Changed in the Portfolio This Month?

Comparing Jul 2026 → Aug 2026

Jul 2026 Aug 2026
🟢 7 New Entries 🔴 4 Exits ↑ 25 Increased ↓ 33 Decreased
#StockSectorWeight (Aug 2026)
1
Steel Authority of India Limited
₹17.55 Cr
Ferrous Metals 1.29%
2
JSW Steel Limited
₹17.00 Cr
Ferrous Metals 1.25%
3
Hindalco Industries Limited
₹15.23 Cr
Non - Ferrous Metals 1.12%
4
Tata Consumer Products Limited
₹10.38 Cr
Agricultural Food & other Products 0.76%
5
Foseco India Limited
₹7.73 Cr
Chemicals & Petrochemicals 0.57%
6
Triveni Engineering & Industries Limited
₹4.53 Cr
Agricultural Food & other Products 0.33%
7
Garware Hi-Tech Films Ltd
₹2.80 Cr
Industrial Products 0.21%
#StockSectorLast Weight (Jul 2026)
1
ITC Limited
₹22.48 Cr
Diversified FMCG 1.66%
2
HCL Technologies Limited
₹10.10 Cr
IT - Software 0.74%
3
Technocraft Industries (India) Limited
₹9.16 Cr
Industrial Products 0.68%
4
Tata Steel Limited
₹8.38 Cr
Ferrous Metals 0.62%
#StockSectorJul 2026Aug 2026Change
1
Vedanta Aluminium Metal Limited
₹19.58 Cr
Metals & Minerals Trading 0.77% 1.44% +0.67%
2
Glenmark Pharmaceuticals Limited
₹21.51 Cr
Pharmaceuticals & Biotechnology 0.93% 1.58% +0.65%
3
Cochin Shipyard Limited
₹20.59 Cr
Industrial Manufacturing 1.17% 1.51% +0.34%
4
Carborundum Universal Limited
₹17.77 Cr
Industrial Products 0.98% 1.30% +0.32%
5
Divi's Laboratories Limited
₹28.40 Cr
Pharmaceuticals & Biotechnology 1.78% 2.08% +0.30%
6
Grasim Industries Limited
₹45.51 Cr
Cement & Cement Products 3.09% 3.34% +0.25%
7
LAKSHMI MACHINE WORKS LTD
₹17.43 Cr
Industrial Manufacturing 1.09% 1.28% +0.19%
8
Vodafone Idea Limited
₹27.52 Cr
Telecom - Services 1.84% 2.02% +0.18%
9
Anthem Biosciences Limited
₹23.22 Cr
Pharmaceuticals & Biotechnology 1.55% 1.70% +0.15%
10
Axis Bank Limited
₹37.05 Cr
Banks 2.58% 2.72% +0.14%
#StockSectorJul 2026Aug 2026Change
1
The Federal Bank Limited
₹14.98 Cr
Banks 2.06% 1.10% -0.96%
2
GAIL (India) Limited
₹8.08 Cr
Gas 1.28% 0.59% -0.69%
3
Bajaj Finance Limited
₹21.85 Cr
Finance 2.16% 1.60% -0.56%
4
Aurobindo Pharma Limited
₹6.20 Cr
Pharmaceuticals & Biotechnology 0.93% 0.45% -0.48%
5
Bajaj Auto Limited
₹32.43 Cr
Automobiles 2.69% 2.38% -0.31%
6
Adani Energy Solutions Limited
₹24.95 Cr
Power 2.13% 1.83% -0.30%
7
Ajanta Pharma Limited
₹24.02 Cr
Pharmaceuticals & Biotechnology 2.06% 1.76% -0.30%
8
Shriram Finance Limited
₹19.98 Cr
Finance 1.74% 1.46% -0.28%
9
REC Limited
₹20.04 Cr
Finance 1.70% 1.47% -0.23%
10
JSW Energy Limited
₹41.32 Cr
Power 3.25% 3.03% -0.22%

What Stocks Does This Fund Hold?

67 stocks — Aug 2026

# Stock Sector Cap Weight & Value
1
₹53.49 Cr
Petroleum Products
3.92%
2
₹45.51 Cr
Cement & Cement Products
3.34%
3
₹43.62 Cr
Banks
3.20%
4
₹41.32 Cr
Power
3.03%
5
₹37.05 Cr
Banks
2.72%
6
₹36.54 Cr
Banks
2.68%
7
₹32.43 Cr
Automobiles
2.38%
8
₹31.45 Cr
Metals & Minerals Trading
2.31%
9
₹31.10 Cr
Telecom - Services
2.28%
10
₹30.40 Cr
IT - Software
2.23%
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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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