Primarily market-linked growth exposure
The Scheme shall seek to generate long term capital appreciation by investing predominantly in equity and equity related securities with a focus on identifying and investing in business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy. However, there is no assurance that the objective of the Scheme will be realized.
Investors with a long horizon who can tolerate meaningful falls in value.
Share-price volatility, valuation risk, concentration and tracking risk where applicable.
How the money may be invested
Equity and Equity related instruments of companies selected based on the business cycle theme^*: 80%- 100%, Equity and Equity related instruments of companies other than above: 0%- 20% Debt and Money Market Securities# (including TREPS (Tri-Party Repo) and Reverse Repo in Government Securities): 0% - 20% Units issued by REITs & InvITs: 0% - 10% ^ including derivative instruments to the extent of 50% of the equity component of the Scheme. IInvestment in derivatives shall be for hedging, portfolio balancing and such other purposes as maybe permitted from time to time under the Regulations and subject to guidelines issued by SEBI/RBI from time to time. The Scheme may utilize the entire available equity derivatives exposure limit as provided above, for hedging purpose. However, the equity derivatives exposure towards non-hedging purpose shall not exceed 20% of the net assets of the Scheme, subject to maximum derivatives exposure as defined above (i.e. 50% of the equity component of the Scheme). The margin money deployed on derivative positions would be included in the Debt and Money Market Securities category. *The Scheme may invest in Foreign Securities (including units/securities issued by overseas mutual funds with similar investment objective or strategy / Foreign Securities having business cycle theme) up to 20% of the net assets of the Scheme in compliance with SEBI Circular(s) / guideline(s) pertaining to overseas investments by mutual funds/ ETFs, as amended from time to time.
- SEBI category
- Thematic
- Fund type
- An open ended equity scheme following business cycles based investing theme
- Primary benchmark
- NIFTY 500 TRI (First Tier Benchmark)
Use the latest monthly portfolio
Top holdings are the largest securities currently owned by the scheme. Names and weights can change every month, so a copied list can become misleading. Open the AMC's current official portfolio or factsheet below and look for this exact fund name.
Manager and scheme tenure
- Fund manager(s)
- Fund Manager 1 - Mr. Krishna Sanghavi, Fund Manager 2 - Mr. Renjith Sivaram, Fund Manager 3 - Mr. Pranav Patel*,*Dedicated Fund Manager for Overseas Investments
- Manager tenure on this scheme
- Since Fund Manager 1 - Managing since September 11, 2023, Fund Manager 2 - Managing since September 11, 2023, Fund Manager 3 - Managing since January 05, 2024
- Role / co-management
- Fund Manager 1 - Primary, Fund Manager 2 - Comanage, Fund Manager 3 - Comanage - Overseas Investments
The tenure above is experience managing this scheme, not the manager's total career experience. For education, qualifications and prior roles, open the latest official AMC factsheet or manager profile below.
Latest NAV records
NAV is a per-unit accounting value. Compare returns, portfolio, risk and cost — never choose a fund only because its NAV looks low.
| Plan / option reported by AMFI | NAV | Date |
|---|---|---|
| Mahindra Manulife Business Cycle Fund - Direct Plan - Growth | ₹16.6376 | 04 Sep 2026 |
| Mahindra Manulife Business Cycle Fund - Direct Plan - IDCW | ₹14.2896 | 04 Sep 2026 |
| Mahindra Manulife Business Cycle Fund - Regular Plan - Growth | ₹15.8206 | 04 Sep 2026 |
| Mahindra Manulife Business Cycle Fund - Regular Plan - IDCW | ₹13.5109 | 04 Sep 2026 |
What you pay and how money moves
- Stated expense ratio
- Regular 2.12%, Direct 0.42%
- Exit load
- Exit Load: 1%* *An Exit Load of 1.00% is payable if Units are redeemed / switched-out upto 3 months from the date of allotment; Nil if Units are redeemed / switched-out after 3 months from the date of allotment. Redemption /Switch-Out of Units would be done on First in First out Basis (FIFO).
- Minimum application
- 1000 · multiples of 1
- SIP frequency
- SIP - Weekly / Monthly / Quarterly, SWP - Monthly / Quarterly / Half-Yearly / Annual, STP - Daily / Weekly / Monthly / Quarterly
- Minimum SIP amount
- SIP - Weekly: 1000; Monthly: 1000; Quarterly: 1500, SWP - Monthly: 1000; Quarterly: 1000, STP - Daily, Weekly & Monthly: 500, Quarterly: 1500
- Minimum instalments
- SIP - Weekly & Monthly - 6, Quarterly - 4, SWP - Monthly, Quarterly, Half-Yearly & Annual - 2, STP - Daily, Weekly & Monthly - 6, Quarterly - 4
How a mutual-fund investment is paid
- Complete KYCIdentity, PAN, bank and contact verification are required.
- Choose route and optionUnderstand direct vs regular and growth vs IDCW before selecting.
- Choose SIP or lump sumSIP uses an automated mandate; lump sum is a one-time payment.
- Receive units at applicable NAVCut-off time, cleared funds and scheme rules determine the applicable NAV.
- Review, do not chaseTrack goal fit, risk, manager/mandate changes, costs and portfolio — not daily noise.
Download and verify at source
The packaged Scheme Summary PDF is the official AMFI file, unchanged. Live AMC links are included for time-sensitive factsheets, top holdings and portfolios.
Source verification date: 06 September 2026. If a live document differs from this page, rely on the newer official document.