What stocks does Mahindra Manulife Value Fund hold?

Mahindra Manulife Value 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 Value Fund?

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

What category is Mahindra Manulife Value Fund?

Mahindra Manulife Value Fund is classified as a Value/Contra mutual fund under SEBI's mutual fund categorisation framework.

How often is Mahindra Manulife Value Fund portfolio data updated?

Portfolio holdings for Mahindra Manulife Value 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 Value Fund - Direct Plan - Growth

Value/Contra Data as of May 2026 Comparing Apr 2026 → May 2026

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Stocks Held

May 2026

Equity Holdings

₹819.79 Cr

Equity only, excl. debt & cash

Top 5 Weight

15.1%

Diversified

Top 10 Weight

27.4%

Diversified

Changes

5 new · 3 exits

Top Sector

Banks

16.5% of portfolio

📋 What Happened This Month Mahindra Manulife Value Fund made 5 new additions and exited 3 stocks this month. The biggest new buy was Adani Enterprises Limited (Metals & Minerals Trading) at 1.31% weight. Thermax Limited was the biggest exit (Electrical Equipment), which was held at 1.63%. Among existing holdings, ICICI Bank Limited saw the biggest increase — now at 3.93% of the portfolio. Glenmark Pharmaceuticals Limited was trimmed the most, now at 1.01%. ICICI Bank Limited remains the top holding with Banks the dominant sector at 16.5%. ↓ Scroll down for full holdings, sector allocation and month-on-month changes in detail.

How Has the NAV Performed?

1 year history · Mahindra Manulife Value Fund - Direct Plan - Growth

+2.48%

+13.55%

+5.91%

+11.46%

Latest NAV

₹12.81

24 Jun 2026

52W High

₹12.84

-0% from High

52W Low

₹9.97

+29% from Low

Rolling Returns

Performance across every possible investment start date.

1Y Rolling Avg

13.3%

+ve in 100% windows

24.3% / 6.2%

Crisis Period Behaviour

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

2024–25 Tariff

-6.2%

Rec: Apr 2025 (1 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 ₹12.81 24 Jun 2026

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

Mahindra Manulife Value Fund - Direct Plan - Growth

Chart shows indexed performance (base = 100). Actual NAV: ₹12.81

Sector Shift Industry allocation month-over-month

Mar 2026 → Apr 2026

Sector	Prev	Curr ▼	Delta
Banks	12.8%	14.1%	▲ +1.3%
Pharmaceuticals & Biotechnology	9.9%	8.6%	▼ -1.3%
Auto Components	7.7%	7.6%	● -0.1%
IT - Software	8.2%	6.9%	▼ -1.4%
Power	5.3%	5.7%	▲ +0.4%
Petroleum Products	5.0%	5.3%	▲ +0.3%
Cement & Cement Products	5.1%	5.1%	● +0.0%
Telecom - Services	4.7%	4.5%	▼ -0.2%
Electrical Equipment	4.6%	4.5%	▼ -0.1%
Industrial Products	3.3%	4.1%	▲ +0.8%

Apr 2026 → May 2026

Sector	Prev	Curr ▼	Delta
Banks	14.1%	16.5%	▲ +2.4%
Pharmaceuticals & Biotechnology	8.6%	9.0%	▲ +0.4%
IT - Software	6.9%	7.3%	▲ +0.4%
Auto Components	7.6%	7.2%	▼ -0.4%
Power	5.7%	6.2%	▲ +0.4%
Cement & Cement Products	5.1%	5.4%	▲ +0.3%
Telecom - Services	4.5%	5.3%	▲ +0.8%
Petroleum Products	5.3%	4.7%	▼ -0.5%
Finance	3.9%	4.4%	▲ +0.4%
Industrial Products	4.1%	4.2%	▲ +0.1%

🟢

Biggest New Buy

Adani Enterprises Limited

1.31% weight · Metals & Minerals Trading

🔴

Biggest Exit

Thermax Limited

1.63% was held · Electrical Equipment

↑

Biggest Add

ICICI Bank Limited

+1.17% · now 3.93%

↓

Biggest Trim

Glenmark Pharmaceuticals Limited

-0.76% · now 1.01%

🤝 Other funds also bought this month

Coforge Limited 26 funds

Zydus Lifesciences Limited 23 funds

Adani Enterprises Limited 21 funds

Punjab National Bank 18 funds

Jio Financial Services Limited 11 funds

👋 Other funds also exited

Vedanta Limited 24 funds

Bharat Heavy Electricals Limited 9 funds

Thermax Limited 5 funds

What Changed in the Portfolio This Month?

Comparing Apr 2026 → May 2026

Apr 2026 → May 2026

🟢 5 New Entries 🔴 3 Exits ↑ 15 Increased ↓ 53 Decreased

#	Stock	Sector	Weight (May 2026)
1	Adani Enterprises Limited ₹10.87 Cr	Metals & Minerals Trading	1.31%
2	Zydus Lifesciences Limited ₹10.78 Cr	Pharmaceuticals & Biotechnology	1.30%
3	Coforge Limited ₹8.53 Cr	IT - Software	1.03%
4	Punjab National Bank ₹8.48 Cr	Banks	1.02%
5	Jio Financial Services Limited ₹5.97 Cr	Finance	0.72%

#	Stock	Sector	Last Weight (Apr 2026)
1	Thermax Limited ₹12.64 Cr	Electrical Equipment	1.63%
2	Bharat Heavy Electricals Limited ₹6.52 Cr	Electrical Equipment	0.84%
3	Vedanta Limited ₹3.26 Cr	Diversified Metals	0.42%

#	Stock	Sector	Apr 2026	May 2026	Change
1	ICICI Bank Limited ₹32.67 Cr	Banks	2.76%	3.93%	+1.17%
2	Bandhan Bank Limited ₹20.10 Cr	Banks	1.55%	2.42%	+0.87%
3	Vodafone Idea Limited ₹21.55 Cr	Telecom - Services	1.83%	2.59%	+0.76%
4	JSW Energy Limited ₹25.29 Cr	Power	2.35%	3.04%	+0.69%
5	Ambuja Cements Limited ₹16.01 Cr	Cement & Cement Products	1.53%	1.93%	+0.40%
6	Biocon Limited ₹14.15 Cr	Pharmaceuticals & Biotechnology	1.53%	1.70%	+0.17%
7	Voltamp Transformers Limited ₹11.42 Cr	Electrical Equipment	1.21%	1.37%	+0.16%
8	Carborundum Universal Limited ₹12.13 Cr	Industrial Products	1.31%	1.46%	+0.15%
9	Grasim Industries Limited ₹16.97 Cr	Cement & Cement Products	1.95%	2.04%	+0.09%
10	Engineers India Limited ₹8.69 Cr	Construction	0.97%	1.05%	+0.08%
11	Jindal Saw Limited ₹16.43 Cr	Industrial Products	1.91%	1.98%	+0.07%
12	Elecon Engineering Company Limited ₹6.81 Cr	Electrical Equipment	0.77%	0.82%	+0.05%
13	Indus Towers Limited ₹22.40 Cr	Telecom - Services	2.67%	2.69%	+0.02%
14	LAKSHMI MACHINE WORKS LTD ₹7.23 Cr	Industrial Manufacturing	0.86%	0.87%	+0.01%
15	NBCC (India) Limited ₹7.02 Cr	Construction	0.83%	0.84%	+0.01%

#	Stock	Sector	Apr 2026	May 2026	Change
1	Glenmark Pharmaceuticals Limited ₹8.42 Cr	Pharmaceuticals & Biotechnology	1.77%	1.01%	-0.76%
2	Steel Authority of India Limited ₹4.39 Cr	Ferrous Metals	1.02%	0.53%	-0.49%
3	Reliance Industries Limited ₹22.46 Cr	Petroleum Products	3.13%	2.70%	-0.43%
4	Tata Steel Limited ₹9.31 Cr	Ferrous Metals	1.49%	1.12%	-0.37%
5	EQ - MAHINDRA LOGISTICS LTD. ₹10.86 Cr	Transport Services	1.65%	1.31%	-0.34%
6	Tata Consultancy Services Limited ₹12.42 Cr	IT - Software	1.75%	1.49%	-0.26%
7	HDFC Bank Limited ₹18.95 Cr	Banks	2.53%	2.28%	-0.25%
8	The Ramco Cements Limited ₹11.67 Cr	Cement & Cement Products	1.61%	1.40%	-0.21%
9	Sun TV Network Limited ₹5.65 Cr	Entertainment	0.88%	0.68%	-0.20%
10	Kajaria Ceramics Limited ₹8.79 Cr	Consumer Durables	1.25%	1.06%	-0.19%
11	Mazagon Dock Shipbuilders Limited ₹7.86 Cr	Industrial Manufacturing	1.13%	0.95%	-0.18%
12	IndusInd Bank Limited ₹20.66 Cr	Banks	2.66%	2.49%	-0.17%
13	Infosys Limited ₹16.34 Cr	IT - Software	2.14%	1.97%	-0.17%
14	REC Limited ₹11.64 Cr	Finance	1.57%	1.40%	-0.17%
15	CEAT Limited ₹10.42 Cr	Auto Components	1.42%	1.25%	-0.17%
16	Whirlpool of India Limited ₹4.94 Cr	Consumer Durables	0.76%	0.59%	-0.17%
17	Oil India Limited ₹12.43 Cr	Oil	1.65%	1.49%	-0.16%
18	Coal India Limited ₹9.16 Cr	Consumable Fuels	1.24%	1.10%	-0.14%
19	Tata Motors Ltd ₹7.59 Cr	Agricultural, Commercial & Construction Vehicles	1.05%	0.91%	-0.14%
20	Container Corporation of India Limited ₹6.95 Cr	Transport Services	0.98%	0.84%	-0.14%
21	Shriram Finance Limited ₹18.63 Cr	Finance	2.37%	2.24%	-0.13%
22	Shriram Pistons & Rings Limited ₹10.66 Cr	Auto Components	1.41%	1.28%	-0.13%
23	NMDC Limited ₹10.56 Cr	Minerals & Mining	1.40%	1.27%	-0.13%
24	Sun Pharmaceutical Industries Limited ₹11.34 Cr	Pharmaceuticals & Biotechnology	1.47%	1.36%	-0.11%
25	CESC Limited ₹9.10 Cr	Power	1.21%	1.10%	-0.11%
26	Rolex Rings Limited ₹8.25 Cr	Auto Components	1.10%	0.99%	-0.11%
27	Tech Mahindra Limited ₹14.10 Cr	IT - Software	1.80%	1.70%	-0.10%
28	Hindustan Unilever Limited ₹7.54 Cr	Diversified FMCG	1.01%	0.91%	-0.10%
29	Kirloskar Brothers Limited ₹6.36 Cr	Industrial Products	0.87%	0.77%	-0.10%
30	NHPC Limited ₹6.31 Cr	Power	0.86%	0.76%	-0.10%
31	Aurobindo Pharma Limited ₹9.65 Cr	Pharmaceuticals & Biotechnology	1.25%	1.16%	-0.09%
32	HCL Technologies Limited ₹9.13 Cr	IT - Software	1.19%	1.10%	-0.09%
33	Maruti Suzuki India Limited ₹8.27 Cr	Automobiles	1.08%	0.99%	-0.09%
34	Petronet LNG Limited ₹8.13 Cr	Gas	1.07%	0.98%	-0.09%
35	The Federal Bank Limited ₹10.40 Cr	Banks	1.33%	1.25%	-0.08%
36	Bharat Petroleum Corporation Limited ₹8.94 Cr	Petroleum Products	1.16%	1.08%	-0.08%
37	Balrampur Chini Mills Limited ₹7.72 Cr	Agricultural Food & other Products	1.01%	0.93%	-0.08%
38	Gokaldas Exports Limited ₹7.01 Cr	Textiles & Apparels	0.92%	0.84%	-0.08%
39	Ujjivan Small Finance Bank Limited ₹5.71 Cr	Banks	0.77%	0.69%	-0.08%
40	IDFC First Bank Limited ₹13.19 Cr	Banks	1.66%	1.59%	-0.07%
41	Alkem Laboratories Limited ₹11.46 Cr	Pharmaceuticals & Biotechnology	1.45%	1.38%	-0.07%
42	GAIL (India) Limited ₹8.23 Cr	Gas	1.05%	0.99%	-0.06%
43	Bajaj Auto Limited ₹20.92 Cr	Automobiles	2.57%	2.52%	-0.05%
44	Aditya Birla Fashion and Retail Limited ₹6.46 Cr	Retailing	0.83%	0.78%	-0.05%
45	K.P.R. Mill Limited ₹8.70 Cr	Textiles & Apparels	1.08%	1.05%	-0.03%
46	Gujarat Industries Power Company Limited ₹7.59 Cr	Power	0.93%	0.91%	-0.02%
47	Equitas Small Finance Bank Limited ₹7.16 Cr	Banks	0.88%	0.86%	-0.02%
48	Malco Energy Limited ₹1.45 Cr	Power	0.19%	0.17%	-0.02%
49	Talwandi Sabo Power Limited ₹1.45 Cr	Power	0.19%	0.17%	-0.02%
50	Vedanta Iron And Steel Limited ₹1.45 Cr	Metals & Minerals Trading	0.19%	0.17%	-0.02%
51	Vedanta Aluminium Metal Limited ₹1.45 Cr	Metals & Minerals Trading	0.19%	0.17%	-0.02%
52	Tube Investments of India Limited ₹22.62 Cr	Auto Components	2.73%	2.72%	-0.01%
53	Hindustan Petroleum Corporation Limited ₹7.88 Cr	Petroleum Products	0.96%	0.95%	-0.01%

What Stocks Does This Fund Hold?

75 stocks — May 2026

#	Stock	Sector	Weight & Value
1	ICICI Bank Limited ₹32.67 Cr	Banks	3.93%
2	JSW Energy Limited ₹25.29 Cr	Power	3.04%
3	Tube Investments of India Limited ₹22.62 Cr	Auto Components	2.72%
4	Reliance Industries Limited ₹22.46 Cr	Petroleum Products	2.70%
5	Indus Towers Limited ₹22.40 Cr	Telecom - Services	2.69%
6	Vodafone Idea Limited ₹21.55 Cr	Telecom - Services	2.59%
7	Bajaj Auto Limited ₹20.92 Cr	Automobiles	2.52%
8	IndusInd Bank Limited ₹20.66 Cr	Banks	2.49%
9	Bandhan Bank Limited ₹20.10 Cr	Banks	2.42%
10	HDFC Bank Limited ₹18.95 Cr	Banks	2.28%
11	Shriram Finance Limited ₹18.63 Cr	Finance	2.24%
12	Grasim Industries Limited ₹16.97 Cr	Cement & Cement Products	2.04%
13	Jindal Saw Limited ₹16.43 Cr	Industrial Products	1.98%
14	Infosys Limited ₹16.34 Cr	IT - Software	1.97%
15	Ambuja Cements Limited ₹16.01 Cr	Cement & Cement Products	1.93%
16	Biocon Limited ₹14.15 Cr	Pharmaceuticals & Biotechnology	1.70%
17	Tech Mahindra Limited ₹14.10 Cr	IT - Software	1.70%
18	IDFC First Bank Limited ₹13.19 Cr	Banks	1.59%
19	Oil India Limited ₹12.43 Cr	Oil	1.49%
20	Tata Consultancy Services Limited ₹12.42 Cr	IT - Software	1.49%
21	Carborundum Universal Limited ₹12.13 Cr	Industrial Products	1.46%
22	REC Limited ₹11.64 Cr	Finance	1.40%
23	The Ramco Cements Limited ₹11.67 Cr	Cement & Cement Products	1.40%
24	Alkem Laboratories Limited ₹11.46 Cr	Pharmaceuticals & Biotechnology	1.38%
25	Voltamp Transformers Limited ₹11.42 Cr	Electrical Equipment	1.37%
26	Sun Pharmaceutical Industries Limited ₹11.34 Cr	Pharmaceuticals & Biotechnology	1.36%
27	Adani Enterprises Limited ₹10.87 Cr	Metals & Minerals Trading	1.31%
28	EQ - MAHINDRA LOGISTICS LTD. ₹10.86 Cr	Transport Services	1.31%
29	Zydus Lifesciences Limited ₹10.78 Cr	Pharmaceuticals & Biotechnology	1.30%
30	Shriram Pistons & Rings Limited ₹10.66 Cr	Auto Components	1.28%
31	NMDC Limited ₹10.56 Cr	Minerals & Mining	1.27%
32	CEAT Limited ₹10.42 Cr	Auto Components	1.25%
33	The Federal Bank Limited ₹10.40 Cr	Banks	1.25%
34	Aurobindo Pharma Limited ₹9.65 Cr	Pharmaceuticals & Biotechnology	1.16%
35	Cipla Limited ₹9.40 Cr	Pharmaceuticals & Biotechnology	1.13%
36	Tata Steel Limited ₹9.31 Cr	Ferrous Metals	1.12%
37	CESC Limited ₹9.10 Cr	Power	1.10%
38	HCL Technologies Limited ₹9.13 Cr	IT - Software	1.10%
39	Coal India Limited ₹9.16 Cr	Consumable Fuels	1.10%
40	Bharat Petroleum Corporation Limited ₹8.94 Cr	Petroleum Products	1.08%
41	Kajaria Ceramics Limited ₹8.79 Cr	Consumer Durables	1.06%
42	K.P.R. Mill Limited ₹8.70 Cr	Textiles & Apparels	1.05%
43	Engineers India Limited ₹8.69 Cr	Construction	1.05%
44	Coforge Limited ₹8.53 Cr	IT - Software	1.03%
45	Punjab National Bank ₹8.48 Cr	Banks	1.02%
46	Glenmark Pharmaceuticals Limited ₹8.42 Cr	Pharmaceuticals & Biotechnology	1.01%
47	Maruti Suzuki India Limited ₹8.27 Cr	Automobiles	0.99%
48	Rolex Rings Limited ₹8.25 Cr	Auto Components	0.99%
49	GAIL (India) Limited ₹8.23 Cr	Gas	0.99%
50	Asahi India Glass Limited ₹8.18 Cr	Auto Components	0.98%
51	Petronet LNG Limited ₹8.13 Cr	Gas	0.98%
52	Hindustan Petroleum Corporation Limited ₹7.88 Cr	Petroleum Products	0.95%
53	Mazagon Dock Shipbuilders Limited ₹7.86 Cr	Industrial Manufacturing	0.95%
54	Balrampur Chini Mills Limited ₹7.72 Cr	Agricultural Food & other Products	0.93%
55	Hindustan Unilever Limited ₹7.54 Cr	Diversified FMCG	0.91%
56	Tata Motors Ltd ₹7.59 Cr	Agricultural, Commercial & Construction Vehicles	0.91%
57	Gujarat Industries Power Company Limited ₹7.59 Cr	Power	0.91%
58	LAKSHMI MACHINE WORKS LTD ₹7.23 Cr	Industrial Manufacturing	0.87%
59	Equitas Small Finance Bank Limited ₹7.16 Cr	Banks	0.86%
60	NBCC (India) Limited ₹7.02 Cr	Construction	0.84%
61	Gokaldas Exports Limited ₹7.01 Cr	Textiles & Apparels	0.84%
62	Container Corporation of India Limited ₹6.95 Cr	Transport Services	0.84%
63	Elecon Engineering Company Limited ₹6.81 Cr	Electrical Equipment	0.82%
64	Aditya Birla Fashion and Retail Limited ₹6.46 Cr	Retailing	0.78%
65	Kirloskar Brothers Limited ₹6.36 Cr	Industrial Products	0.77%
66	NHPC Limited ₹6.31 Cr	Power	0.76%
67	Jio Financial Services Limited ₹5.97 Cr	Finance	0.72%
68	Ujjivan Small Finance Bank Limited ₹5.71 Cr	Banks	0.69%
69	Sun TV Network Limited ₹5.65 Cr	Entertainment	0.68%
70	Whirlpool of India Limited ₹4.94 Cr	Consumer Durables	0.59%
71	Steel Authority of India Limited ₹4.39 Cr	Ferrous Metals	0.53%
72	Malco Energy Limited ₹1.45 Cr	Power	0.17%
73	Talwandi Sabo Power Limited ₹1.45 Cr	Power	0.17%
74	Vedanta Iron And Steel Limited ₹1.45 Cr	Metals & Minerals Trading	0.17%
75	Vedanta Aluminium Metal Limited ₹1.45 Cr	Metals & Minerals Trading	0.17%