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 May 2026 Comparing Apr 2026 → May 2026

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Stocks Held

May 2026

Equity Holdings

₹590.50 Cr

Equity only, excl. debt & cash

Top 5 Weight

13.0%

Diversified

Top 10 Weight

19.7%

Diversified

Changes

0 new · 1 exits

Top Sector

Banks

11.0% of portfolio

📋 What Happened This Month Mahindra Manulife Multi Asset Allocation Fund exited 1 stock from its portfolio this month. SRF Limited was the biggest exit (Chemicals & Petrochemicals), which was held at 0.48%. Among existing holdings, Acutaas Chemicals Ltd saw the biggest increase — now at 1.09% of the portfolio. Reliance Industries Limited was trimmed the most, now at 2.41%. HDFC Bank Limited remains the top holding with Banks the dominant sector at 11.0%. ↓ 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

+1.20%

+6.54%

+2.51%

+15.99%

Latest NAV

₹14.13

24 Jun 2026

52W High

₹14.37

-2% from High

52W Low

₹10.85

+30% 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

16.8%

+ve in 100% windows

27.8% / 8.2%

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 ₹14.13 24 Jun 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: ₹14.13

Sector Shift Industry allocation month-over-month

Mar 2026 → Apr 2026

Sector	Prev	Curr ▼	Delta
Banks	11.6%	11.5%	▼ -0.1%
Pharmaceuticals & Biotechnology	5.0%	4.9%	● -0.1%
Industrial Products	3.0%	3.3%	▲ +0.3%
Power	3.2%	3.3%	▲ +0.1%
IT - Software	3.2%	3.2%	● 0.0%
Petroleum Products	2.9%	2.7%	▼ -0.2%
Telecom - Services	2.5%	2.5%	● 0.0%
Finance	2.3%	2.4%	▲ +0.1%
Retailing	2.1%	2.1%	● +0.0%
Cement & Cement Products	2.0%	2.0%	● 0.0%

Apr 2026 → May 2026

Sector	Prev	Curr ▼	Delta
Banks	11.5%	11.0%	▼ -0.5%
Pharmaceuticals & Biotechnology	4.9%	5.2%	▲ +0.3%
Industrial Products	3.3%	3.3%	● 0.0%
IT - Software	3.2%	3.2%	● 0.0%
Power	3.3%	3.1%	▼ -0.2%
Finance	2.4%	2.4%	● 0.0%
Petroleum Products	2.7%	2.4%	▼ -0.3%
Telecom - Services	2.5%	2.4%	▼ -0.1%
Retailing	2.1%	2.1%	● 0.0%
Cement & Cement Products	2.0%	2.1%	● +0.1%

🔴

Biggest Exit

SRF Limited

0.48% was held · Chemicals & Petrochemicals

↑

Biggest Add

Acutaas Chemicals Ltd

+0.17% · now 1.09%

↓

Biggest Trim

Reliance Industries Limited

-0.25% · now 2.41%

👋 Other funds also exited

SRF Limited 11 funds

What Changed in the Portfolio This Month?

Comparing Apr 2026 → May 2026

Apr 2026 → May 2026

🔴 1 Exit ↑ 11 Increased ↓ 34 Decreased

#	Stock	Sector	Last Weight (Apr 2026)
1	SRF Limited ₹5.29 Cr	Chemicals & Petrochemicals	0.48%

#	Stock	Sector	Apr 2026	May 2026	Change
1	Acutaas Chemicals Ltd ₹12.22 Cr	Pharmaceuticals & Biotechnology	0.92%	1.09%	+0.17%
2	Gland Pharma Limited ₹7.74 Cr	Pharmaceuticals & Biotechnology	0.55%	0.69%	+0.14%
3	Hindalco Industries Limited ₹11.02 Cr	Non - Ferrous Metals	0.92%	0.99%	+0.07%
4	Grasim Industries Limited ₹8.97 Cr	Cement & Cement Products	0.73%	0.80%	+0.07%
5	Persistent Systems Limited ₹9.25 Cr	IT - Software	0.78%	0.83%	+0.05%
6	Nippon Life India Asset Management Limited ₹7.15 Cr	Capital Markets	0.60%	0.64%	+0.04%
7	Carborundum Universal Limited ₹7.08 Cr	Industrial Products	0.60%	0.63%	+0.03%
8	Shree Cement Limited ₹7.78 Cr	Cement & Cement Products	0.68%	0.70%	+0.02%
9	Tega Industries Limited ₹6.60 Cr	Industrial Manufacturing	0.57%	0.59%	+0.02%
10	Divi's Laboratories Limited ₹17.61 Cr	Pharmaceuticals & Biotechnology	1.57%	1.58%	+0.01%
11	L&T Finance Limited ₹8.78 Cr	Finance	0.78%	0.79%	+0.01%

#	Stock	Sector	Apr 2026	May 2026	Change
1	Reliance Industries Limited ₹26.93 Cr	Petroleum Products	2.66%	2.41%	-0.25%
2	State Bank of India ₹19.81 Cr	Banks	2.00%	1.77%	-0.23%
3	HDFC Bank Limited ₹40.89 Cr	Banks	3.86%	3.66%	-0.20%
4	Coromandel International Limited ₹10.76 Cr	Fertilizers & Agrochemicals	1.11%	0.96%	-0.15%
5	Bharti Airtel Limited ₹26.30 Cr	Telecom - Services	2.47%	2.35%	-0.12%
6	ISGEC HEAVY ENGINEERING LIMITED ₹7.00 Cr	Construction	0.75%	0.63%	-0.12%
7	Oil & Natural Gas Corporation Limited ₹7.87 Cr	Oil	0.81%	0.70%	-0.11%
8	LG Balakrishnan & Bros Limited ₹5.84 Cr	Auto Components	0.62%	0.52%	-0.10%
9	Tata Power Company Limited ₹12.62 Cr	Power	1.22%	1.13%	-0.09%
10	Power Grid Corporation of India Limited ₹8.14 Cr	Power	0.81%	0.73%	-0.08%
11	ITC Limited ₹7.59 Cr	Diversified FMCG	0.76%	0.68%	-0.08%
12	Archean Chemical Industries Limited ₹5.25 Cr	Chemicals & Petrochemicals	0.55%	0.47%	-0.08%
13	ICICI Bank Limited ₹31.25 Cr	Banks	2.86%	2.80%	-0.06%
14	NTPC Limited ₹13.67 Cr	Power	1.28%	1.22%	-0.06%
15	Shriram Pistons & Rings Limited ₹12.35 Cr	Auto Components	1.16%	1.10%	-0.06%
16	Infosys Limited ₹13.98 Cr	IT - Software	1.30%	1.25%	-0.05%
17	Triveni Engineering & Industries Limited ₹5.36 Cr	Agricultural Food & other Products	0.53%	0.48%	-0.05%
18	Tata Steel Limited ₹12.60 Cr	Ferrous Metals	1.17%	1.13%	-0.04%
19	Mahindra & Mahindra Limited ₹11.12 Cr	Automobiles	1.03%	0.99%	-0.04%
20	Bajaj Finance Limited ₹9.72 Cr	Finance	0.91%	0.87%	-0.04%
21	S P Apparels Ltd ₹7.76 Cr	Textiles & Apparels	0.73%	0.69%	-0.04%
22	Kirloskar Brothers Limited ₹6.66 Cr	Industrial Products	0.64%	0.60%	-0.04%
23	Sun Pharmaceutical Industries Limited ₹12.68 Cr	Pharmaceuticals & Biotechnology	1.16%	1.13%	-0.03%
24	Maruti Suzuki India Limited ₹6.98 Cr	Automobiles	0.65%	0.62%	-0.03%
25	Hindustan Unilever Limited ₹5.47 Cr	Diversified FMCG	0.52%	0.49%	-0.03%
26	Hindustan Aeronautics Limited ₹7.62 Cr	Aerospace & Defense	0.70%	0.68%	-0.02%
27	JK Cement Limited ₹6.10 Cr	Cement & Cement Products	0.57%	0.55%	-0.02%
28	Tech Mahindra Limited ₹11.92 Cr	IT - Software	1.08%	1.07%	-0.01%
29	Kotak Mahindra Bank Limited ₹9.69 Cr	Banks	0.88%	0.87%	-0.01%
30	PTC Industries Limited ₹8.15 Cr	Industrial Products	0.74%	0.73%	-0.01%
31	Anthem Biosciences Limited ₹8.00 Cr	Pharmaceuticals & Biotechnology	0.73%	0.72%	-0.01%
32	Technocraft Industries (India) Limited ₹6.57 Cr	Industrial Products	0.60%	0.59%	-0.01%
33	GAIL (India) Limited ₹6.50 Cr	Gas	0.59%	0.58%	-0.01%
34	SBI Life Insurance Company Limited ₹6.05 Cr	Insurance	0.55%	0.54%	-0.01%

What Stocks Does This Fund Hold?

54 stocks — May 2026

#	Stock	Sector	Weight & Value
1	HDFC Bank Limited ₹40.89 Cr	Banks	3.66%
2	ICICI Bank Limited ₹31.25 Cr	Banks	2.80%
3	Reliance Industries Limited ₹26.93 Cr	Petroleum Products	2.41%
4	Bharti Airtel Limited ₹26.30 Cr	Telecom - Services	2.35%
5	State Bank of India ₹19.81 Cr	Banks	1.77%
6	Divi's Laboratories Limited ₹17.61 Cr	Pharmaceuticals & Biotechnology	1.58%
7	Axis Bank Limited ₹15.83 Cr	Banks	1.42%
8	Infosys Limited ₹13.98 Cr	IT - Software	1.25%
9	Aditya Vision Ltd ₹13.87 Cr	Retailing	1.24%
10	NTPC Limited ₹13.67 Cr	Power	1.22%
11	Larsen & Toubro Limited ₹12.84 Cr	Construction	1.15%
12	Sun Pharmaceutical Industries Limited ₹12.68 Cr	Pharmaceuticals & Biotechnology	1.13%
13	Tata Power Company Limited ₹12.62 Cr	Power	1.13%
14	Tata Steel Limited ₹12.60 Cr	Ferrous Metals	1.13%
15	Shriram Pistons & Rings Limited ₹12.35 Cr	Auto Components	1.10%
16	Acutaas Chemicals Ltd ₹12.22 Cr	Pharmaceuticals & Biotechnology	1.09%
17	Tech Mahindra Limited ₹11.92 Cr	IT - Software	1.07%
18	Mahindra & Mahindra Limited ₹11.12 Cr	Automobiles	0.99%
19	Hindalco Industries Limited ₹11.02 Cr	Non - Ferrous Metals	0.99%
20	Coromandel International Limited ₹10.76 Cr	Fertilizers & Agrochemicals	0.96%
21	Bajaj Finance Limited ₹9.72 Cr	Finance	0.87%
22	Kotak Mahindra Bank Limited ₹9.69 Cr	Banks	0.87%
23	Eternal Limited ₹9.27 Cr	Retailing	0.83%
24	Persistent Systems Limited ₹9.25 Cr	IT - Software	0.83%
25	Grasim Industries Limited ₹8.97 Cr	Cement & Cement Products	0.80%
26	L&T Finance Limited ₹8.78 Cr	Finance	0.79%
27	Shriram Finance Limited ₹8.33 Cr	Finance	0.75%
28	Inox India Limited ₹8.28 Cr	Industrial Products	0.74%
29	Power Grid Corporation of India Limited ₹8.14 Cr	Power	0.73%
30	PTC Industries Limited ₹8.15 Cr	Industrial Products	0.73%
31	Anthem Biosciences Limited ₹8.00 Cr	Pharmaceuticals & Biotechnology	0.72%
32	Oil & Natural Gas Corporation Limited ₹7.87 Cr	Oil	0.70%
33	Shree Cement Limited ₹7.78 Cr	Cement & Cement Products	0.70%
34	S P Apparels Ltd ₹7.76 Cr	Textiles & Apparels	0.69%
35	Gland Pharma Limited ₹7.74 Cr	Pharmaceuticals & Biotechnology	0.69%
36	Hindustan Aeronautics Limited ₹7.62 Cr	Aerospace & Defense	0.68%
37	ITC Limited ₹7.59 Cr	Diversified FMCG	0.68%
38	Tata Consumer Products Limited ₹7.19 Cr	Agricultural Food & other Products	0.64%
39	Nippon Life India Asset Management Limited ₹7.15 Cr	Capital Markets	0.64%
40	Carborundum Universal Limited ₹7.08 Cr	Industrial Products	0.63%
41	ISGEC HEAVY ENGINEERING LIMITED ₹7.00 Cr	Construction	0.63%
42	Maruti Suzuki India Limited ₹6.98 Cr	Automobiles	0.62%
43	Kirloskar Brothers Limited ₹6.66 Cr	Industrial Products	0.60%
44	Tega Industries Limited ₹6.60 Cr	Industrial Manufacturing	0.59%
45	Technocraft Industries (India) Limited ₹6.57 Cr	Industrial Products	0.59%
46	GAIL (India) Limited ₹6.50 Cr	Gas	0.58%
47	K.P.R. Mill Limited ₹6.30 Cr	Textiles & Apparels	0.56%
48	JK Cement Limited ₹6.10 Cr	Cement & Cement Products	0.55%
49	SBI Life Insurance Company Limited ₹6.05 Cr	Insurance	0.54%
50	LG Balakrishnan & Bros Limited ₹5.84 Cr	Auto Components	0.52%
51	Hindustan Unilever Limited ₹5.47 Cr	Diversified FMCG	0.49%
52	Triveni Engineering & Industries Limited ₹5.36 Cr	Agricultural Food & other Products	0.48%
53	Archean Chemical Industries Limited ₹5.25 Cr	Chemicals & Petrochemicals	0.47%
54	Union Bank of India ₹5.20 Cr	Banks	0.47%