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 Jun 2026 Comparing May 2026 → Jun 2026

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Stocks Held

Jun 2026

Equity Holdings

₹853.63 Cr

Equity only, excl. debt & cash

Top 5 Weight

15.2%

Diversified

Top 10 Weight

26.6%

Diversified

Changes

3 new · 6 exits

Top Sector

Banks

20.9% of portfolio

📋 What Happened This Month Mahindra Manulife Value Fund made 3 new additions and exited 6 stocks this month. The biggest new buy was Axis Bank Limited (Banks) at 2.53% weight. Oil India Limited was the biggest exit (Oil), which was held at 1.49%. Among existing holdings, Punjab National Bank saw the biggest increase — now at 2.26% of the portfolio. Vodafone Idea Limited was trimmed the most, now at 2.00%. ICICI Bank Limited remains the top holding with Banks the dominant sector at 20.9%. ↓ 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

+1.81%

+5.12%

+5.70%

+9.91%

Latest NAV

₹12.85

14 Jul 2026

52W High

₹12.91

-1% from High

52W Low

₹9.97

+29% from Low

Rolling Returns

Performance across every possible investment start date.

1Y Rolling Avg

13.0%

+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 ₹12.85 14 Jul 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: ₹12.85

Sector Shift Industry allocation month-over-month

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%

May 2026 → Jun 2026

Sector	Prev	Curr ▼	Delta
Banks	16.5%	20.9%	▲ +4.4%
Pharmaceuticals & Biotechnology	9.0%	9.3%	▲ +0.2%
Auto Components	7.2%	7.0%	▼ -0.2%
IT - Software	7.3%	6.3%	▼ -1.0%
Power	6.2%	5.7%	▼ -0.4%
Cement & Cement Products	5.4%	5.0%	▼ -0.4%
Industrial Products	4.2%	4.4%	▲ +0.2%
Finance	4.4%	4.4%	● 0.0%
Petroleum Products	4.7%	4.4%	▼ -0.4%
Telecom - Services	5.3%	4.2%	▼ -1.1%

🟢

Biggest New Buy

Axis Bank Limited

2.53% weight · Banks

🔴

Biggest Exit

Oil India Limited

1.49% was held · Oil

↑

Biggest Add

Punjab National Bank

+1.24% · now 2.26%

↓

Biggest Trim

Vodafone Idea Limited

-0.59% · now 2.00%

🤝 Other funds also bought this month

Axis Bank Limited 25 funds

Anthem Biosciences Limited 22 funds

RBL Bank Limited 21 funds

👋 Other funds also exited

Oil India Limited 31 funds

Tata Motors Ltd 17 funds

Hindustan Unilever Limited 14 funds

Whirlpool of India Limited 7 funds

Steel Authority of India Limited 6 funds

Equitas Small Finance Bank Limited 3 funds

What Changed in the Portfolio This Month?

Comparing May 2026 → Jun 2026

May 2026 → Jun 2026

🟢 3 New Entries 🔴 6 Exits ↑ 19 Increased ↓ 45 Decreased

#	Stock	Sector	Weight (Jun 2026)
1	Axis Bank Limited ₹22.61 Cr	Banks	2.53%
2	Anthem Biosciences Limited ₹5.91 Cr	Pharmaceuticals & Biotechnology	0.66%
3	RBL Bank Limited ₹5.54 Cr	Banks	0.62%

#	Stock	Sector	Last Weight (May 2026)
1	Oil India Limited ₹12.43 Cr	Oil	1.49%
2	Tata Motors Ltd ₹7.59 Cr	Agricultural, Commercial & Construction Vehicles	0.91%
3	Hindustan Unilever Limited ₹7.54 Cr	Diversified FMCG	0.91%
4	Equitas Small Finance Bank Limited ₹7.16 Cr	Banks	0.86%
5	Whirlpool of India Limited ₹4.94 Cr	Consumer Durables	0.59%
6	Steel Authority of India Limited ₹4.39 Cr	Ferrous Metals	0.53%

#	Stock	Sector	May 2026	Jun 2026	Change
1	Punjab National Bank ₹20.20 Cr	Banks	1.02%	2.26%	+1.24%
2	ICICI Bank Limited ₹44.69 Cr	Banks	3.93%	5.01%	+1.08%
3	Vedanta Aluminium Metal Limited ₹5.38 Cr	Metals & Minerals Trading	0.17%	0.60%	+0.43%
4	Adani Enterprises Limited ₹14.88 Cr	Metals & Minerals Trading	1.31%	1.67%	+0.36%
5	NHPC Limited ₹9.76 Cr	Power	0.76%	1.09%	+0.33%
6	NMDC Limited ₹13.29 Cr	Minerals & Mining	1.27%	1.49%	+0.22%
7	Shriram Pistons & Rings Limited ₹13.16 Cr	Auto Components	1.28%	1.47%	+0.19%
8	Gokaldas Exports Limited ₹8.84 Cr	Textiles & Apparels	0.84%	0.99%	+0.15%
9	K.P.R. Mill Limited ₹10.60 Cr	Textiles & Apparels	1.05%	1.19%	+0.14%
10	Kirloskar Brothers Limited ₹8.00 Cr	Industrial Products	0.77%	0.90%	+0.13%
11	Carborundum Universal Limited ₹13.89 Cr	Industrial Products	1.46%	1.56%	+0.10%
12	The Federal Bank Limited ₹11.88 Cr	Banks	1.25%	1.33%	+0.08%
13	Shriram Finance Limited ₹20.50 Cr	Finance	2.24%	2.30%	+0.06%
14	IDFC First Bank Limited ₹14.71 Cr	Banks	1.59%	1.65%	+0.06%
15	Aurobindo Pharma Limited ₹10.68 Cr	Pharmaceuticals & Biotechnology	1.16%	1.20%	+0.04%
16	Voltamp Transformers Limited ₹12.48 Cr	Electrical Equipment	1.37%	1.40%	+0.03%
17	Kajaria Ceramics Limited ₹9.76 Cr	Consumer Durables	1.06%	1.09%	+0.03%
18	EQ - MAHINDRA LOGISTICS LTD. ₹11.87 Cr	Transport Services	1.31%	1.33%	+0.02%
19	Maruti Suzuki India Limited ₹8.89 Cr	Automobiles	0.99%	1.00%	+0.01%

#	Stock	Sector	May 2026	Jun 2026	Change
1	Vodafone Idea Limited ₹17.82 Cr	Telecom - Services	2.59%	2.00%	-0.59%
2	Indus Towers Limited ₹19.85 Cr	Telecom - Services	2.69%	2.22%	-0.47%
3	Infosys Limited ₹14.08 Cr	IT - Software	1.97%	1.58%	-0.39%
4	Bajaj Auto Limited ₹19.43 Cr	Automobiles	2.52%	2.18%	-0.34%
5	Tube Investments of India Limited ₹21.81 Cr	Auto Components	2.72%	2.44%	-0.28%
6	JSW Energy Limited ₹24.78 Cr	Power	3.04%	2.78%	-0.26%
7	Reliance Industries Limited ₹22.00 Cr	Petroleum Products	2.70%	2.46%	-0.24%
8	Ambuja Cements Limited ₹15.08 Cr	Cement & Cement Products	1.93%	1.69%	-0.24%
9	Tata Consultancy Services Limited ₹11.17 Cr	IT - Software	1.49%	1.25%	-0.24%
10	Bandhan Bank Limited ₹19.70 Cr	Banks	2.42%	2.21%	-0.21%
11	Tech Mahindra Limited ₹13.34 Cr	IT - Software	1.70%	1.50%	-0.20%
12	Aditya Birla Fashion and Retail Limited ₹5.23 Cr	Retailing	0.78%	0.59%	-0.19%
13	Tata Steel Limited ₹8.41 Cr	Ferrous Metals	1.12%	0.94%	-0.18%
14	HCL Technologies Limited ₹8.26 Cr	IT - Software	1.10%	0.93%	-0.17%
15	IndusInd Bank Limited ₹20.89 Cr	Banks	2.49%	2.34%	-0.15%
16	Grasim Industries Limited ₹16.85 Cr	Cement & Cement Products	2.04%	1.89%	-0.15%
17	Biocon Limited ₹13.80 Cr	Pharmaceuticals & Biotechnology	1.70%	1.55%	-0.15%
18	CESC Limited ₹8.44 Cr	Power	1.10%	0.95%	-0.15%
19	Malco Energy Limited ₹38.69 L	Power	0.17%	0.04%	-0.13%
20	Coal India Limited ₹8.78 Cr	Consumable Fuels	1.10%	0.98%	-0.12%
21	Asahi India Glass Limited ₹7.71 Cr	Auto Components	0.98%	0.86%	-0.12%
22	Talwandi Sabo Power Limited ₹48.34 L	Power	0.17%	0.05%	-0.12%
23	Vedanta Iron And Steel Limited ₹42.31 L	Metals & Minerals Trading	0.17%	0.05%	-0.12%
24	Glenmark Pharmaceuticals Limited ₹8.16 Cr	Pharmaceuticals & Biotechnology	1.01%	0.91%	-0.10%
25	Alkem Laboratories Limited ₹11.61 Cr	Pharmaceuticals & Biotechnology	1.38%	1.30%	-0.08%
26	Gujarat Industries Power Company Limited ₹7.37 Cr	Power	0.91%	0.83%	-0.08%
27	Hindustan Petroleum Corporation Limited ₹7.89 Cr	Petroleum Products	0.95%	0.88%	-0.07%
28	Zydus Lifesciences Limited ₹11.04 Cr	Pharmaceuticals & Biotechnology	1.30%	1.24%	-0.06%
29	Bharat Petroleum Corporation Limited ₹9.11 Cr	Petroleum Products	1.08%	1.02%	-0.06%
30	LAKSHMI MACHINE WORKS LTD ₹7.23 Cr	Industrial Manufacturing	0.87%	0.81%	-0.06%
31	Jio Financial Services Limited ₹5.91 Cr	Finance	0.72%	0.66%	-0.06%
32	Sun Pharmaceutical Industries Limited ₹11.73 Cr	Pharmaceuticals & Biotechnology	1.36%	1.31%	-0.05%
33	Mazagon Dock Shipbuilders Limited ₹7.99 Cr	Industrial Manufacturing	0.95%	0.90%	-0.05%
34	Engineers India Limited ₹9.02 Cr	Construction	1.05%	1.01%	-0.04%
35	Coforge Limited ₹8.79 Cr	IT - Software	1.03%	0.99%	-0.04%
36	Petronet LNG Limited ₹8.42 Cr	Gas	0.98%	0.94%	-0.04%
37	Container Corporation of India Limited ₹7.13 Cr	Transport Services	0.84%	0.80%	-0.04%
38	Jindal Saw Limited ₹17.39 Cr	Industrial Products	1.98%	1.95%	-0.03%
39	Cipla Limited ₹9.83 Cr	Pharmaceuticals & Biotechnology	1.13%	1.10%	-0.03%
40	Sun TV Network Limited ₹5.80 Cr	Entertainment	0.68%	0.65%	-0.03%
41	GAIL (India) Limited ₹8.67 Cr	Gas	0.99%	0.97%	-0.02%
42	NBCC (India) Limited ₹7.35 Cr	Construction	0.84%	0.82%	-0.02%
43	Elecon Engineering Company Limited ₹7.13 Cr	Electrical Equipment	0.82%	0.80%	-0.02%
44	HDFC Bank Limited ₹20.31 Cr	Banks	2.28%	2.27%	-0.01%
45	Rolex Rings Limited ₹8.79 Cr	Auto Components	0.99%	0.98%	-0.01%

What Stocks Does This Fund Hold?

72 stocks — Jun 2026

#	Stock	Sector	Weight & Value
1	ICICI Bank Limited ₹44.69 Cr	Banks	5.01%
2	JSW Energy Limited ₹24.78 Cr	Power	2.78%
3	Axis Bank Limited ₹22.61 Cr	Banks	2.53%
4	Reliance Industries Limited ₹22.00 Cr	Petroleum Products	2.46%
5	Tube Investments of India Limited ₹21.81 Cr	Auto Components	2.44%
6	IndusInd Bank Limited ₹20.89 Cr	Banks	2.34%
7	Shriram Finance Limited ₹20.50 Cr	Finance	2.30%
8	HDFC Bank Limited ₹20.31 Cr	Banks	2.27%
9	Punjab National Bank ₹20.20 Cr	Banks	2.26%
10	Indus Towers Limited ₹19.85 Cr	Telecom - Services	2.22%
11	Bandhan Bank Limited ₹19.70 Cr	Banks	2.21%
12	Bajaj Auto Limited ₹19.43 Cr	Automobiles	2.18%
13	Vodafone Idea Limited ₹17.82 Cr	Telecom - Services	2.00%
14	Jindal Saw Limited ₹17.39 Cr	Industrial Products	1.95%
15	Grasim Industries Limited ₹16.85 Cr	Cement & Cement Products	1.89%
16	Ambuja Cements Limited ₹15.08 Cr	Cement & Cement Products	1.69%
17	Adani Enterprises Limited ₹14.88 Cr	Metals & Minerals Trading	1.67%
18	IDFC First Bank Limited ₹14.71 Cr	Banks	1.65%
19	Infosys Limited ₹14.08 Cr	IT - Software	1.58%
20	Carborundum Universal Limited ₹13.89 Cr	Industrial Products	1.56%
21	Biocon Limited ₹13.80 Cr	Pharmaceuticals & Biotechnology	1.55%
22	Tech Mahindra Limited ₹13.34 Cr	IT - Software	1.50%
23	NMDC Limited ₹13.29 Cr	Minerals & Mining	1.49%
24	Shriram Pistons & Rings Limited ₹13.16 Cr	Auto Components	1.47%
25	REC Limited ₹12.54 Cr	Finance	1.40%
26	Voltamp Transformers Limited ₹12.48 Cr	Electrical Equipment	1.40%
27	The Ramco Cements Limited ₹12.46 Cr	Cement & Cement Products	1.40%
28	EQ - MAHINDRA LOGISTICS LTD. ₹11.87 Cr	Transport Services	1.33%
29	The Federal Bank Limited ₹11.88 Cr	Banks	1.33%
30	Sun Pharmaceutical Industries Limited ₹11.73 Cr	Pharmaceuticals & Biotechnology	1.31%
31	Alkem Laboratories Limited ₹11.61 Cr	Pharmaceuticals & Biotechnology	1.30%
32	CEAT Limited ₹11.19 Cr	Auto Components	1.25%
33	Tata Consultancy Services Limited ₹11.17 Cr	IT - Software	1.25%
34	Zydus Lifesciences Limited ₹11.04 Cr	Pharmaceuticals & Biotechnology	1.24%
35	Aurobindo Pharma Limited ₹10.68 Cr	Pharmaceuticals & Biotechnology	1.20%
36	K.P.R. Mill Limited ₹10.60 Cr	Textiles & Apparels	1.19%
37	Cipla Limited ₹9.83 Cr	Pharmaceuticals & Biotechnology	1.10%
38	NHPC Limited ₹9.76 Cr	Power	1.09%
39	Kajaria Ceramics Limited ₹9.76 Cr	Consumer Durables	1.09%
40	Bharat Petroleum Corporation Limited ₹9.11 Cr	Petroleum Products	1.02%
41	Engineers India Limited ₹9.02 Cr	Construction	1.01%
42	Maruti Suzuki India Limited ₹8.89 Cr	Automobiles	1.00%
43	Gokaldas Exports Limited ₹8.84 Cr	Textiles & Apparels	0.99%
44	Coforge Limited ₹8.79 Cr	IT - Software	0.99%
45	Rolex Rings Limited ₹8.79 Cr	Auto Components	0.98%
46	Coal India Limited ₹8.78 Cr	Consumable Fuels	0.98%
47	GAIL (India) Limited ₹8.67 Cr	Gas	0.97%
48	CESC Limited ₹8.44 Cr	Power	0.95%
49	Petronet LNG Limited ₹8.42 Cr	Gas	0.94%
50	Tata Steel Limited ₹8.41 Cr	Ferrous Metals	0.94%
51	Balrampur Chini Mills Limited ₹8.32 Cr	Agricultural Food & other Products	0.93%
52	HCL Technologies Limited ₹8.26 Cr	IT - Software	0.93%
53	Glenmark Pharmaceuticals Limited ₹8.16 Cr	Pharmaceuticals & Biotechnology	0.91%
54	Mazagon Dock Shipbuilders Limited ₹7.99 Cr	Industrial Manufacturing	0.90%
55	Kirloskar Brothers Limited ₹8.00 Cr	Industrial Products	0.90%
56	Hindustan Petroleum Corporation Limited ₹7.89 Cr	Petroleum Products	0.88%
57	Asahi India Glass Limited ₹7.71 Cr	Auto Components	0.86%
58	Gujarat Industries Power Company Limited ₹7.37 Cr	Power	0.83%
59	NBCC (India) Limited ₹7.35 Cr	Construction	0.82%
60	LAKSHMI MACHINE WORKS LTD ₹7.23 Cr	Industrial Manufacturing	0.81%
61	Container Corporation of India Limited ₹7.13 Cr	Transport Services	0.80%
62	Elecon Engineering Company Limited ₹7.13 Cr	Electrical Equipment	0.80%
63	Ujjivan Small Finance Bank Limited ₹6.20 Cr	Banks	0.69%
64	Anthem Biosciences Limited ₹5.91 Cr	Pharmaceuticals & Biotechnology	0.66%
65	Jio Financial Services Limited ₹5.91 Cr	Finance	0.66%
66	Sun TV Network Limited ₹5.80 Cr	Entertainment	0.65%
67	RBL Bank Limited ₹5.54 Cr	Banks	0.62%
68	Vedanta Aluminium Metal Limited ₹5.38 Cr	Metals & Minerals Trading	0.60%
69	Aditya Birla Fashion and Retail Limited ₹5.23 Cr	Retailing	0.59%
70	Talwandi Sabo Power Limited ₹48.34 L	Power	0.05%
71	Vedanta Iron And Steel Limited ₹42.31 L	Metals & Minerals Trading	0.05%
72	Malco Energy Limited ₹38.69 L	Power	0.04%