MonitorDirect · GrowthWatch before adding
Mahindra Manulife Focused Fund
Mahindra Manulife Mutual FundEquity Schemes - Focused Fund5.9 years
The scheme seeks to generate long term capital appreciation by investing in a concentrated portfolio of equity & equity related instruments of maximum 30 companies across market capitalisation.
- NAV
- 27.6791
- 29 Oct 2026
- 1Y
- -8.3%
- Trailing CAGR
- Upside capture
- +106%
- Vs NIFTY 500 TRI
- Downside capture
- +83%
- Lower is better
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
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
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.
Prefer peers if · Prefer Canara Robeco Focused Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
5.9 years of path to read.
Engine status
Watch
Recent evidence is mixed. Compare peers before increasing exposure.
Expense ratio
Pass
0.91% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -16.5%. 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
Watch
Kirti Dalvi · 0.3 years on the scheme.
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 ≈ 50.8% of the portfolio.
Browse category
Same-category peers are preloaded into compare when available.
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 16%. 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
Monitor is recent mixed evidence - keep the SIP unless the buying brief says prefer peers, then swap with intent.
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-8.3%
- 3Y+12.7%
- 5Y+12.2%
- 10Yn/a
- SI+18.7%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y-10.1%
- 3Y+0.9%
- 5Y+10.0%
- 10Yn/a
- Since inception
- +18.7%
- Calendar-day CAGR
- Excess 1Y
- -1.7%
- Category median, same plan and option
- 3Y win rate
- +100%
- Windows beating the median
- 3Y percentile
- 56
- Vs comparable share classes
- SIP 3Y XIRR
- +0.9%
- Simulated monthly SIP
- Worst rolling 3Y
- +10.6%
- 726 daily-ending windows
- Median rolling 3Y
- +21.7%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 234 daily-ending windows
Official benchmark
Date-aligned against NIFTY 500 TRI. Capture ratios use common month-end observations through 30 Oct 2026.
- 1Y excess
- -0.8%
- Fund minus TRI
- 3Y excess
- +2.3%
- Fund minus TRI
- Upside capture
- +106%
- Benchmark-up months
- Downside capture
- +83%
- Lower is better
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -16.5%
- Worst peak-to-trough
- Current
- -9.7%
- Below last peak
- Current spell
- 253 days
- Days below latest peak
- Time below peak
- +84%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 11 days
- 84 recovered episodes
- Longest recovery
- 348 days
- Trough to prior peak
27 Sept 2024 – 11 Feb 2026
Trough 28 Feb 2025 · recovered in 348 days
-16.5%
17 Jan 2022 – 8 Sept 2022
Trough 20 Jun 2022 · recovered in 80 days
-15.2%
18 Feb 2026 – open
Trough 30 Mar 2026 · not recovered
-11.6%
18 Oct 2021 – 12 Jan 2022
Trough 20 Dec 2021 · recovered in 23 days
-9.0%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
56
Vs category
39
Consistency
89
Risk-adjusted
69
Drawdown
59
Mean
62
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Monitor
Buying stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
Why this status
- Long-term category-relative performance remains stronger than the most recent rolling 1-year windows, which have deteriorated across multiple periods.
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 · 32 holdings · top 10 are 50.8%.
- Top 5
- 30.5%
- Top 10
- 50.8%
- Largest holding
- 8.3%
- Effective holdings
- 24.9
ICICI Bank Ltd
Financial
8.3%
Reliance Industries Ltd
Energy & Utilities
6.4%
HDFC Bank Ltd
Financial
6.1%
Axis Bank Ltd
Financial
5.1%
Larsen & Toubro Ltd
Industrials
4.6%
What changed
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
29 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
28 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
27 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
26 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
23 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
22 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
21 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
19 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
16 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
24 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
23 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
22 Sept 2026
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Canara Robeco Focused Fund
Canara Robeco Mutual Fund
- 1Y
- -8.3%
- 3Y
- +12.8%
- Vol
- 13.4%
- Max DD
- -18.1%
- Sharpe
- 0.61
- 3Y win
- +71%
- Lower volatility
- Lower TER
- Higher trailing returns
Caveat: Deeper drawdown
Invesco India Focused Fund
Invesco Mutual Fund
- 1Y
- +3.0%
- 3Y
- +21.2%
- Vol
- 15.2%
- Max DD
- -22.0%
- Sharpe
- 0.96
- 3Y win
- +96%
- Lower TER
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown
HSBC Focused Fund
HSBC Mutual Fund
- 1Y
- +1.2%
- 3Y
- +13.8%
- Vol
- 15.7%
- Max DD
- -21.2%
- Sharpe
- 0.77
- 3Y win
- +29%
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown · Higher TER
ICICI Prudential Focused Fund
ICICI Prudential Mutual Fund
- 1Y
- -4.8%
- 3Y
- +16.9%
- Vol
- 15.1%
- Max DD
- -34.1%
- Sharpe
- 0.63
- 3Y win
- +47%
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown · Higher TER
UTI Focused Fund (30 stocks)
UTI Mutual Fund
- 1Y
- -6.6%
- 3Y
- +10.0%
- Vol
- 13.5%
- Max DD
- -19.3%
- Sharpe
- 0.31
- 3Y win
- 0%
- Lower volatility
Caveat: Deeper drawdown · Higher TER · Lower trailing returns