MonitorDirect · GrowthWatch before adding
MahindraManulife Banking & Financial Services Fund
Mahindra Manulife Mutual FundEquity Schemes - Sectoral Fund1.3 years
- NAV
- 10.2359
- 29 Oct 2026
- 1Y
- -2.8%
- Trailing CAGR
- AUM
- ₹460.44 Cr
- 31 Aug 2026
- Volatility
- High
- 16.7% 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
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
In three lines
Fits if · The fund beat the category median in 87% of rolling 1-year windows.
Prefer peers if · Prefer DSP Banking & Financial Services Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Fail
1.3 years - thin for judging consistency.
Engine status
Watch
Recent evidence is mixed. Compare peers before increasing exposure.
Expense ratio
Pass
1.13% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -15.7%. Ask whether you can hold through a similar fall.
Vs category
n/a
Category relative read still thin.
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
Watch
Top 10 holdings ≈ 59.1% 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-2.8%
- 3Yn/a
- 5Yn/a
- 10Yn/a
- SI+1.8%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y-5.5%
- 3Yn/a
- 5Yn/a
- 10Yn/a
- Since inception
- +1.8%
- Calendar-day CAGR
- Excess 1Y
- -1.6%
- Category median, same plan and option
- 3Y win rate
- n/a
- Windows beating the median
- 3Y percentile
- n/a
- Vs comparable share classes
- SIP 3Y XIRR
- n/a
- Simulated monthly SIP
- Worst rolling 3Y
- n/a
- 0 daily-ending windows
- Median rolling 3Y
- n/a
- 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
- -15.7%
- Worst peak-to-trough
- Current
- -9.1%
- Below last peak
- Current spell
- 64 days
- Days below latest peak
- Time below peak
- +90%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 13 days
- 17 recovered episodes
- Longest recovery
- 143 days
- Trough to prior peak
26 Feb 2026 – 21 Aug 2026
Trough 31 Mar 2026 · recovered in 143 days
-15.7%
26 Aug 2026 – open
Trough 27 Oct 2026 · not recovered
-10.7%
23 Jul 2025 – 18 Sept 2025
Trough 29 Aug 2025 · recovered in 20 days
-4.6%
6 Jan 2026 – 4 Feb 2026
Trough 2 Feb 2026 · recovered in 2 days
-3.6%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
16
Vs category
40
Consistency
87
Risk-adjusted
17
Drawdown
61
Mean
44
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.
- Risk-adjusted return (Sharpe) is negative over the available daily history.
Supporting reads
- The fund beat the category median in 87% of rolling 1-year windows.
Portfolio
31 Aug 2026 · 35 holdings · top 10 are 59.1%.
- Top 5
- 38.9%
- Top 10
- 59.1%
- Largest holding
- n/a
- Effective holdings
- n/a
Asset mix
Equity
96.8%
Cash
3.2%
Sectors
Financial
98.4%
Industrials
1.6%
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
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
DSP Banking & Financial Services Fund
DSP Mutual Fund
- 1Y
- -0.1%
- 3Y
- n/a
- Vol
- 16.8%
- Max DD
- -14.7%
- Sharpe
- 0.47
- 3Y win
- n/a
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility
WhiteOak Capital Pharma and Healthcare Fund
WhiteOak Capital Mutual Fund
- 1Y
- +18.3%
- 3Y
- n/a
- Vol
- 14.5%
- Max DD
- -15.4%
- Sharpe
- 1.06
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Lower TER
- Higher trailing returns
BANDHAN FINANCIAL SERVICES FUND
Bandhan Mutual Fund
- 1Y
- -7.1%
- 3Y
- +13.1%
- Vol
- 15.4%
- Max DD
- -17.3%
- Sharpe
- 0.47
- 3Y win
- 0%
- Lower volatility
- Lower TER
- Higher trailing returns
Caveat: Deeper drawdown
BANDHAN TRANSPORTATION AND LOGISTICS FUND
Bandhan Mutual Fund
- 1Y
- -1.3%
- 3Y
- +17.3%
- Vol
- 14.7%
- Max DD
- -25.0%
- Sharpe
- 0.87
- 3Y win
- +85%
- Lower volatility
- Lower TER
- Higher trailing returns
Caveat: Deeper drawdown
DSP Healthcare Fund
DSP Mutual Fund
- 1Y
- +15.4%
- 3Y
- +21.7%
- Vol
- 14.4%
- Max DD
- -21.7%
- Sharpe
- 1.13
- 3Y win
- +60%
- Lower volatility
- Lower TER
- Higher trailing returns
Caveat: Deeper drawdown