What stocks does Mahindra Manulife Multi Asset Allocation Fund hold?

Mahindra Manulife Multi Asset Allocation 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 Multi Asset Allocation Fund?

Mahindra Manulife Multi Asset Allocation Fund is managed by Mahindra Manulife Mutual Fund, a SEBI-registered Asset Management Company in India.

What category is Mahindra Manulife Multi Asset Allocation Fund?

Mahindra Manulife Multi Asset Allocation Fund is classified as a Multi Asset mutual fund under SEBI's mutual fund categorisation framework.

How often is Mahindra Manulife Multi Asset Allocation Fund portfolio data updated?

Portfolio holdings for Mahindra Manulife Multi Asset Allocation 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.

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Mahindra Manulife Multi Asset Allocation Fund- Direct Plan - Growth

Multi Asset Data as of Sep 2026 Comparing Aug 2026 → Sep 2026

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Stocks Held

Sep 2026

Equity Holdings

₹633.85 Cr

Equity only, excl. debt & cash

AAUM

₹1,206.51 Cr

Jul-Sep 2026 · Direct + Regular

Top 5 Weight

13.0%

Diversified

Top 10 Weight

19.9%

Diversified

Changes

1 new · 2 exits

Top Sector

Banks

11.8% of portfolio

Launch Date

20 Feb 2024

2 years old

AAUM (Average Assets Under Management) of ₹1,206.51 Cr for Jul-Sep 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 Multi Asset Allocation Fund made 1 new addition and exited 2 stocks this month. The biggest new buy was Sai Life Sciences Limited (Pharmaceuticals & Biotechnology) at 0.76% weight. Gland Pharma Limited was the biggest exit (Pharmaceuticals & Biotechnology), which was held at 0.80%. Among existing holdings, Oil & Natural Gas Corporation Limited saw the biggest increase — now at 0.59% of the portfolio. ICICI Bank Limited was trimmed the most, now at 3.39%. HDFC Bank Limited remains the top holding with Banks the dominant sector at 11.8%. ↓ Scroll down for full holdings, sector allocation and month-on-month changes in detail.

How Has the NAV Performed?

1 year history · Mahindra Manulife Multi Asset Allocation Fund- Direct Plan - Growth

-4.08%

-3.73%

-0.85%

+2.92%

Latest NAV

₹13.75

23 Oct 2026

52W High

₹14.69

-6% from High

52W Low

₹11.63

+18% from Low

Calendar Year Returns

Jan 1 to Dec 31 each year. Simple point-to-point — not CAGR.

2025

+22.7%

Rolling Returns

Performance across every possible investment start date.

1Y Rolling Avg

16.4%

+ve in 100% windows

27.8% / 2.7%

Crisis Period Behaviour

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

2024–25 Tariff

-6.3%

Rec: Apr 2025 (2 mo)

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 ₹13.75 23 Oct 2026

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

Mahindra Manulife Multi Asset Allocation Fund- Direct Plan - Growth

Chart shows indexed performance (base = 100). Actual NAV: ₹13.75

Sector Shift Industry allocation month-over-month

Jul 2026 → Aug 2026

Sector	Prev	Curr ▼	Delta
Banks	12.3%	12.0%	▼ -0.3%
Pharmaceuticals & Biotechnology	4.4%	4.7%	▲ +0.3%
Industrial Products	3.3%	3.6%	▲ +0.3%
IT - Software	3.4%	3.3%	▼ -0.1%
Finance	2.6%	2.5%	● -0.1%
Power	2.7%	2.4%	▼ -0.3%
Retailing	2.3%	2.2%	● -0.1%
Petroleum Products	2.2%	2.1%	▼ -0.1%
Telecom - Services	2.4%	2.1%	▼ -0.3%
Automobiles	2.0%	2.0%	● 0.0%

Aug 2026 → Sep 2026

Sector	Prev	Curr ▼	Delta
Banks	12.0%	11.8%	▼ -0.2%
Pharmaceuticals & Biotechnology	4.7%	4.6%	▼ -0.2%
Industrial Products	3.6%	3.4%	▼ -0.2%
IT - Software	3.3%	3.0%	▼ -0.2%
Power	2.4%	2.4%	● +0.1%
Retailing	2.2%	2.3%	● +0.0%
Finance	2.5%	2.2%	▼ -0.3%
Telecom - Services	2.1%	2.1%	● 0.0%
Auto Components	1.9%	2.1%	▲ +0.2%
Automobiles	2.0%	2.1%	● +0.0%

🟢

Biggest New Buy

Sai Life Sciences Limited

0.76% weight · Pharmaceuticals & Biotechnology

🔴

Biggest Exit

Gland Pharma Limited

0.80% was held · Pharmaceuticals & Biotechnology

↑

Biggest Add

Oil & Natural Gas Corporation Limited

+0.16% · now 0.59%

↓

Biggest Trim

ICICI Bank Limited

-0.28% · now 3.39%

🤝 Other funds also bought this month

Sai Life Sciences Limited 19 funds

👋 Other funds also exited

GAIL (India) Limited 13 funds

Gland Pharma Limited 8 funds

What Changed in the Portfolio This Month?

Comparing Aug 2026 → Sep 2026

Aug 2026 → Sep 2026

🟢 1 New Entry 🔴 2 Exits ↑ 21 Increased ↓ 29 Decreased

#	Stock	Sector	Weight (Sep 2026)
1	Sai Life Sciences Limited ₹9.27 Cr	Pharmaceuticals & Biotechnology	0.76%

#	Stock	Sector	Last Weight (Aug 2026)
1	Gland Pharma Limited ₹9.93 Cr	Pharmaceuticals & Biotechnology	0.80%
2	GAIL (India) Limited ₹5.47 Cr	Gas	0.44%

#	Stock	Sector	Aug 2026	Sep 2026	Change
1	Oil & Natural Gas Corporation Limited ₹7.15 Cr	Oil	0.43%	0.59%	+0.16%
2	Union Bank of India ₹7.47 Cr	Banks	0.47%	0.62%	+0.15%
3	ISGEC HEAVY ENGINEERING LIMITED ₹7.35 Cr	Construction	0.48%	0.61%	+0.13%
4	LG Balakrishnan & Bros Limited ₹8.05 Cr	Auto Components	0.53%	0.66%	+0.13%
5	Mahindra & Mahindra Limited ₹9.88 Cr	Automobiles	0.70%	0.81%	+0.11%
6	Hindustan Unilever Limited ₹5.90 Cr	Diversified FMCG	0.40%	0.49%	+0.09%
7	SBI Life Insurance Company Limited ₹6.80 Cr	Insurance	0.47%	0.56%	+0.09%
8	Kajaria Ceramics Limited ₹7.16 Cr	Consumer Durables	0.52%	0.59%	+0.07%
9	HDFC Bank Limited ₹42.46 Cr	Banks	3.44%	3.50%	+0.06%
10	Tata Power Company Limited ₹10.77 Cr	Power	0.84%	0.89%	+0.05%
11	Hindustan Aeronautics Limited ₹8.89 Cr	Aerospace & Defense	0.69%	0.73%	+0.04%
12	Shriram Pistons & Rings Limited ₹16.95 Cr	Auto Components	1.36%	1.40%	+0.04%
13	Bharat Electronics Limited ₹6.68 Cr	Aerospace & Defense	0.52%	0.55%	+0.03%
14	Kotak Mahindra Bank Limited ₹16.99 Cr	Banks	1.38%	1.40%	+0.02%
15	Tata Steel Limited ₹11.16 Cr	Ferrous Metals	0.90%	0.92%	+0.02%
16	Tata Consumer Products Limited ₹6.45 Cr	Agricultural Food & other Products	0.51%	0.53%	+0.02%
17	PTC Industries Limited ₹11.17 Cr	Industrial Products	0.90%	0.92%	+0.02%
18	Nippon Life India Asset Management Limited ₹7.60 Cr	Capital Markets	0.62%	0.63%	+0.01%
19	Godfrey Phillips India Limited ₹7.47 Cr	Cigarettes & Tobacco Products	0.61%	0.62%	+0.01%
20	Aditya Vision Ltd ₹15.42 Cr	Retailing	1.26%	1.27%	+0.01%
21	Archean Chemical Industries Limited ₹4.86 Cr	Chemicals & Petrochemicals	0.39%	0.40%	+0.01%

#	Stock	Sector	Aug 2026	Sep 2026	Change
1	ICICI Bank Limited ₹41.20 Cr	Banks	3.67%	3.39%	-0.28%
2	State Bank of India ₹19.71 Cr	Banks	1.76%	1.62%	-0.14%
3	L&T Finance Limited ₹8.12 Cr	Finance	0.80%	0.67%	-0.13%
4	Reliance Industries Limited ₹24.19 Cr	Petroleum Products	2.11%	1.99%	-0.12%
5	Infosys Limited ₹11.97 Cr	IT - Software	1.11%	0.99%	-0.12%
6	Sun Pharmaceutical Industries Limited ₹12.81 Cr	Pharmaceuticals & Biotechnology	1.13%	1.05%	-0.08%
7	Shriram Finance Limited ₹8.65 Cr	Finance	0.79%	0.71%	-0.08%
8	Bajaj Finance Limited ₹10.27 Cr	Finance	0.92%	0.85%	-0.07%
9	Ingersoll Rand (India) Limited ₹5.59 Cr	Industrial Products	0.53%	0.46%	-0.07%
10	Technocraft Industries (India) Limited ₹6.93 Cr	Industrial Products	0.64%	0.57%	-0.07%
11	Grasim Industries Limited ₹8.80 Cr	Cement & Cement Products	0.78%	0.72%	-0.06%
12	Coromandel International Limited ₹10.79 Cr	Fertilizers & Agrochemicals	0.95%	0.89%	-0.06%
13	Larsen & Toubro Limited ₹11.84 Cr	Construction	1.03%	0.98%	-0.05%
14	Axis Bank Limited ₹15.08 Cr	Banks	1.29%	1.24%	-0.05%
15	Tech Mahindra Limited ₹12.24 Cr	IT - Software	1.06%	1.01%	-0.05%
16	Persistent Systems Limited ₹12.56 Cr	IT - Software	1.08%	1.03%	-0.05%
17	Tata Motors Ltd ₹6.45 Cr	Agricultural, Commercial & Construction Vehicles	0.58%	0.53%	-0.05%
18	S P Apparels Ltd ₹8.81 Cr	Textiles & Apparels	0.78%	0.73%	-0.05%
19	Hyundai Motor India Ltd ₹7.72 Cr	Automobiles	0.68%	0.64%	-0.04%
20	Bharti Airtel Limited ₹25.27 Cr	Telecom - Services	2.11%	2.08%	-0.03%
21	Hindalco Industries Limited ₹6.39 Cr	Non - Ferrous Metals	0.56%	0.53%	-0.03%
22	TVS Motor Company Limited ₹7.31 Cr	Automobiles	0.63%	0.60%	-0.03%
23	Oil India Limited ₹6.51 Cr	Oil	0.57%	0.54%	-0.03%
24	K.P.R. Mill Limited ₹7.19 Cr	Textiles & Apparels	0.62%	0.59%	-0.03%
25	Kirloskar Brothers Limited ₹6.66 Cr	Industrial Products	0.58%	0.55%	-0.03%
26	Inox India Limited ₹11.38 Cr	Industrial Products	0.96%	0.94%	-0.02%
27	Anthem Biosciences Limited ₹9.04 Cr	Pharmaceuticals & Biotechnology	0.76%	0.74%	-0.02%
28	Divi's Laboratories Limited ₹24.55 Cr	Pharmaceuticals & Biotechnology	2.03%	2.02%	-0.01%
29	Shree Cement Limited ₹6.88 Cr	Cement & Cement Products	0.58%	0.57%	-0.01%

What Stocks Does This Fund Hold?

56 stocks — Sep 2026

#	Stock	Sector	Weight & Value
1	HDFC Bank Limited ₹42.46 Cr	Banks	3.50%
2	ICICI Bank Limited ₹41.20 Cr	Banks	3.39%
3	Bharti Airtel Limited ₹25.27 Cr	Telecom - Services	2.08%
4	Divi's Laboratories Limited ₹24.55 Cr	Pharmaceuticals & Biotechnology	2.02%
5	Reliance Industries Limited ₹24.19 Cr	Petroleum Products	1.99%
6	State Bank of India ₹19.71 Cr	Banks	1.62%
7	Kotak Mahindra Bank Limited ₹16.99 Cr	Banks	1.40%
8	Shriram Pistons & Rings Limited ₹16.95 Cr	Auto Components	1.40%
9	Aditya Vision Ltd ₹15.42 Cr	Retailing	1.27%
10	Axis Bank Limited ₹15.08 Cr	Banks	1.24%
11	Sun Pharmaceutical Industries Limited ₹12.81 Cr	Pharmaceuticals & Biotechnology	1.05%
12	Persistent Systems Limited ₹12.56 Cr	IT - Software	1.03%
13	Tech Mahindra Limited ₹12.24 Cr	IT - Software	1.01%
14	Infosys Limited ₹11.97 Cr	IT - Software	0.99%
15	Eternal Limited ₹11.84 Cr	Retailing	0.98%
16	Larsen & Toubro Limited ₹11.84 Cr	Construction	0.98%
17	NTPC Limited ₹11.40 Cr	Power	0.94%
18	Inox India Limited ₹11.38 Cr	Industrial Products	0.94%
19	PTC Industries Limited ₹11.17 Cr	Industrial Products	0.92%
20	Tata Steel Limited ₹11.16 Cr	Ferrous Metals	0.92%
21	Coromandel International Limited ₹10.79 Cr	Fertilizers & Agrochemicals	0.89%
22	Tata Power Company Limited ₹10.77 Cr	Power	0.89%
23	Bajaj Finance Limited ₹10.27 Cr	Finance	0.85%
24	Mahindra & Mahindra Limited ₹9.88 Cr	Automobiles	0.81%
25	Sai Life Sciences Limited ₹9.27 Cr	Pharmaceuticals & Biotechnology	0.76%
26	Anthem Biosciences Limited ₹9.04 Cr	Pharmaceuticals & Biotechnology	0.74%
27	Hindustan Aeronautics Limited ₹8.89 Cr	Aerospace & Defense	0.73%
28	S P Apparels Ltd ₹8.81 Cr	Textiles & Apparels	0.73%
29	Grasim Industries Limited ₹8.80 Cr	Cement & Cement Products	0.72%
30	Shriram Finance Limited ₹8.65 Cr	Finance	0.71%
31	L&T Finance Limited ₹8.12 Cr	Finance	0.67%
32	LG Balakrishnan & Bros Limited ₹8.05 Cr	Auto Components	0.66%
33	Hyundai Motor India Ltd ₹7.72 Cr	Automobiles	0.64%
34	Nippon Life India Asset Management Limited ₹7.60 Cr	Capital Markets	0.63%
35	Union Bank of India ₹7.47 Cr	Banks	0.62%
36	Godfrey Phillips India Limited ₹7.47 Cr	Cigarettes & Tobacco Products	0.62%
37	ISGEC HEAVY ENGINEERING LIMITED ₹7.35 Cr	Construction	0.61%
38	Power Grid Corporation of India Limited ₹7.29 Cr	Power	0.60%
39	TVS Motor Company Limited ₹7.31 Cr	Automobiles	0.60%
40	Kajaria Ceramics Limited ₹7.16 Cr	Consumer Durables	0.59%
41	K.P.R. Mill Limited ₹7.19 Cr	Textiles & Apparels	0.59%
42	Oil & Natural Gas Corporation Limited ₹7.15 Cr	Oil	0.59%
43	Technocraft Industries (India) Limited ₹6.93 Cr	Industrial Products	0.57%
44	Shree Cement Limited ₹6.88 Cr	Cement & Cement Products	0.57%
45	SBI Life Insurance Company Limited ₹6.80 Cr	Insurance	0.56%
46	Kirloskar Brothers Limited ₹6.66 Cr	Industrial Products	0.55%
47	Bharat Electronics Limited ₹6.68 Cr	Aerospace & Defense	0.55%
48	National Aluminium Company Limited ₹6.55 Cr	Non - Ferrous Metals	0.54%
49	Oil India Limited ₹6.51 Cr	Oil	0.54%
50	Tata Motors Ltd ₹6.45 Cr	Agricultural, Commercial & Construction Vehicles	0.53%
51	Tata Consumer Products Limited ₹6.45 Cr	Agricultural Food & other Products	0.53%
52	Hindalco Industries Limited ₹6.39 Cr	Non - Ferrous Metals	0.53%
53	JK Cement Limited ₹5.98 Cr	Cement & Cement Products	0.49%
54	Hindustan Unilever Limited ₹5.90 Cr	Diversified FMCG	0.49%
55	Ingersoll Rand (India) Limited ₹5.59 Cr	Industrial Products	0.46%
56	Archean Chemical Industries Limited ₹4.86 Cr	Chemicals & Petrochemicals	0.40%