HealthyDirect · GrowthFit for a long SIP
Mahindra Manulife Business Cycle Fund
Mahindra Manulife Mutual FundEquity Schemes - Thematic Fund3.1 years
- NAV
- 15.261
- 29 Oct 2026
- 1Y
- -3.8%
- Trailing CAGR
- AUM
- ₹1,290.6 Cr
- 30 Sept 2026
- Volatility
- Medium
- 15.7% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 29 Oct 2026
Stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
In three lines
Fits if · The fund beat the category median in 100% of rolling 3-year windows.
Fits if · Risk-adjusted return sits above the documented risk-free proxy.
Buy checklist
History depth
Watch
3.1 years - usable, still building a track record.
Engine status
Pass
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Expense ratio
Pass
0.94% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -21.4%. Ask whether you can hold through a similar fall.
Vs category
Pass
100% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
n/a
Manager not listed.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Pass
Top 10 holdings ≈ 28.0% of the portfolio.
Evidence supports a shortlist - confirm with peers before you buy elsewhere.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
Drawdown rehearsal
This scheme’s worst fall on file is about 21%. Before you SIP, ask whether you would keep contributing through a similar drop - pausing on fear is the usual India MF failure mode.
SIP discipline
If you start a SIP here, diary a 90-day check and an annual review - don’t react to every NAV print.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y-3.8%
- 3Y+16.3%
- 5Yn/a
- 10Yn/a
- SI+14.4%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y-7.2%
- 3Y+4.0%
- 5Yn/a
- 10Yn/a
- Since inception
- +14.4%
- Calendar-day CAGR
- Excess 1Y
- +0.1%
- Category median, same plan and option
- 3Y win rate
- +100%
- Windows beating the median
- 3Y percentile
- 59
- Vs comparable share classes
- SIP 3Y XIRR
- +4.0%
- Simulated monthly SIP
- Worst rolling 3Y
- +14.9%
- 31 daily-ending windows
- Median rolling 3Y
- +16.2%
- Calendar-day CAGR
- Positive rolling 5Y
- n/a
- 0 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -21.4%
- Worst peak-to-trough
- Current
- -9.4%
- Below last peak
- Current spell
- 80 days
- Days below latest peak
- Time below peak
- +87%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 20 days
- 35 recovered episodes
- Longest recovery
- 476 days
- Trough to prior peak
27 Sept 2024 – 22 Jun 2026
Trough 3 Mar 2025 · recovered in 476 days
-21.4%
10 Aug 2026 – open
Trough 23 Oct 2026 · not recovered
-12.0%
3 Jun 2024 – 13 Jun 2024
Trough 4 Jun 2024 · recovered in 9 days
-7.8%
4 Mar 2024 – 1 Apr 2024
Trough 13 Mar 2024 · recovered in 19 days
-6.3%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
59
Vs category
51
Consistency
83
Risk-adjusted
54
Drawdown
46
Mean
58
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Healthy
Buying stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Why this status
- No material deterioration, cost shock, or persistent category underperformance in the current evidence set.
Supporting reads
- The fund beat the category median in 100% of rolling 3-year windows.
- Risk-adjusted return sits above the documented risk-free proxy.
Portfolio
30 Sept 2026 · 71 holdings · top 10 are 28.0%.
- Top 5
- 15.9%
- Top 10
- 28.0%
- Largest holding
- 3.9%
- Effective holdings
- 55.9
Reliance Industries Ltd
Energy & Utilities
3.9%
Grasim Industries Ltd
Materials
3.2%
ICICI Bank Ltd
Financial
3.1%
JSW Energy Ltd
Energy & Utilities
3.0%
Axis Bank Ltd
Financial
2.7%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Axis Consumption Fund
Axis Mutual Fund
- 1Y
- -10.4%
- 3Y
- n/a
- Vol
- 13.9%
- Max DD
- -20.1%
- Sharpe
- -0.74
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Lower TER
Caveat: Lower trailing returns
Bandhan Multi-Factor Fund
Bandhan Mutual Fund
- 1Y
- -11.9%
- 3Y
- n/a
- Vol
- 13.1%
- Max DD
- -19.8%
- Sharpe
- -0.99
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
Caveat: Higher TER · Lower trailing returns
DSP Business Cycle Fund
DSP Mutual Fund
- 1Y
- -4.0%
- 3Y
- n/a
- Vol
- 13.7%
- Max DD
- -14.8%
- Sharpe
- -0.35
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
Caveat: Higher TER · Lower trailing returns
Nippon India Active Momentum Fund
Nippon India Mutual Fund
- 1Y
- +1.6%
- 3Y
- n/a
- Vol
- 15.2%
- Max DD
- -12.6%
- Sharpe
- 0.53
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
Caveat: Higher TER · Lower trailing returns
UTI Quant Fund
UTI Mutual Fund
- 1Y
- -6.3%
- 3Y
- n/a
- Vol
- 13.8%
- Max DD
- -14.5%
- Sharpe
- -0.29
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
Caveat: Higher TER · Lower trailing returns