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Mahindra Manulife Mutual Fund · Equity
Fund Quality
Strengths: Cheaper than most category peers; Long-term returns ahead of most category peers.
Increasing Metals & Mining exposure while reducing Financial Services.
Sector allocation, Feb 2026 → Aug 2026
Added
Largest addition
Multi Commodity Exchange of India Ltd.
shares +7.3% · Financial Services
+₹97.8 cr
New position
Hindustan Zinc Ltd.
2.0% of the portfolio
+₹152 cr
Reduced
Largest reduction
Larsen & Toubro Ltd.
shares −53.0% · Construction
−₹87.0 cr
Exited
SRF Ltd.
was 0.9% of the portfolio
−₹66.5 cr
Multi Commodity Exchange of India Ltd.MCX
Financial ServicesUpgrade the plan to view this stock.Oil India Ltd.OIL
Oil Gas & Consumable FuelsUpgrade the plan to view this stock.Voltamp Transformers LimitedVOLTAMP
Capital GoodsTorrent Pharmaceuticals Ltd.TORNTPHARM
HealthcareUpgrade the plan to view this stock.Jindal Saw Ltd.JINDALSAW
Capital GoodsUpgrade the plan to view this stock.Tilaknagar Industries LimitedTI
Fast Moving Consumer GoodsUpgrade the plan to view this stock.Godfrey Phillips India Ltd.GODFRYPHLP
Fast Moving Consumer GoodsStocks this fund has persistently increased or reduced across its recent disclosures.
See where this fund has shifted portfolio exposure and which holdings drove those changes.
Disclosed holdings for August 2026. Change columns use share quantities, with earlier quantities adjusted when a corporate action has a usable ratio.
| Financial Services | +₹97.8 cr+7.3% shares | 1.10M | 4.9% | +₹373 cr | Increased | |
Upgrade the plan to view this stock.Neuland Laboratories Ltd.NEULANDLAB | Healthcare | +₹52.9 cr0.0% shares | 133.35K | 4.0% | +₹307 cr | Unchanged |
Divi's Laboratories Ltd.DIVISLAB | Healthcare | +₹44.9 cr0.0% shares | 318.30K | 3.9% | +₹301 cr | Unchanged |
ICICI Bank Ltd.ICICIBANK | Financial Services | +₹3.4 cr0.0% shares | 1.84M | 3.5% | +₹267 cr | Unchanged |
Adani Enterprises Ltd.ADANIENT | Metals & Mining | −₹13.0 cr0.0% shares | 866.38K | 3.2% | +₹248 cr | Unchanged |
Upgrade the plan to view this stock.Oil India Ltd.OIL | Oil Gas & Consumable Fuels | +₹58.7 cr+34.9% shares | 4.10M | 2.6% | +₹198 cr | Increased |
Upgrade the plan to view this stock.APL Apollo Tubes Ltd.APLAPOLLO | Capital Goods | +₹24.9 cr−6.0% shares | 864.96K | 2.5% | +₹192 cr | Reduced |
Torrent Pharmaceuticals Ltd.TORNTPHARM | Healthcare | +₹36.6 cr+26.1% shares | 365.05K | 2.4% | +₹185 cr | Increased |
Upgrade the plan to view this stock.PTC Industries Ltd.PTCIL | Capital Goods | +₹31.6 cr0.0% shares | 72.19K | 2.1% | +₹160 cr | Unchanged |
| Consumer Services | +₹25.0 cr+20.0% shares | 396.00K | 2.0% | +₹154 cr | Increased | |
Hindustan Zinc Ltd.HINDZINC | Metals & Mining | +₹152 cr— | 2.55M | 2.0% | +₹152 cr | New |
| Information Technology | +₹16.2 cr0.0% shares | 120.00K | 2.0% | +₹150 cr | Unchanged | |
Upgrade the plan to view this stock.Voltamp Transformers LimitedVOLTAMP | Capital Goods | +₹37.1 cr+21.6% shares | 135.22K | 1.9% | +₹148 cr | Increased |
| Financial Services | +₹29.2 cr+20.9% shares | 1.39M | 1.9% | +₹147 cr | Increased | |
UltraTech Cement Ltd.ULTRACEMCO | Construction Materials | −₹5.7 cr0.0% shares | 125.00K | 1.9% | +₹143 cr | Unchanged |
Upgrade the plan to view this stock.Jindal Saw Ltd.JINDALSAW | Capital Goods | +₹31.0 cr+9.6% shares | 4.13M | 1.7% | +₹128 cr | Increased |
Adani Energy Solutions Ltd.ADANIENSOL | Power | −₹20.2 cr0.0% shares | 888.00K | 1.6% | +₹126 cr | Unchanged |
Bajaj Auto Ltd.BAJAJ-AUTO | Automobile and Auto Components | +₹6.0 cr0.0% shares | 97.97K | 1.6% | +₹119 cr | Unchanged |
Upgrade the plan to view this stock.PB Fintech Ltd.POLICYBZR | Financial Services | +₹16.7 cr0.0% shares | 611.06K | 1.5% | +₹115 cr | Unchanged |
Upgrade the plan to view this stock.Aarti Industries Ltd.AARTIIND | Chemicals | +₹7.6 cr0.0% shares | 2.16M | 1.5% | +₹113 cr | Unchanged |
| Telecommunication | +₹14.0 cr+4.1% shares | 76.50M | 1.4% | +₹110 cr | Increased | |
Upgrade the plan to view this stock.MphasiS Ltd.MPHASIS | Information Technology | −₹21.4 cr−20.1% shares | 423.27K | 1.3% | +₹103 cr | Reduced |
Upgrade the plan to view this stock.Supreme Industries Ltd.SUPREMEIND | Capital Goods | +₹2.6 cr0.0% shares | 279.85K | 1.3% | +₹99.6 cr | Unchanged |
Maruti Suzuki India Ltd.MARUTI | Automobile and Auto Components | −₹5.0 cr0.0% shares | 73.20K | 1.3% | +₹99.2 cr | Unchanged |
Upgrade the plan to view this stock.Bandhan Bank Ltd.BANDHANBNK | Financial Services | −₹6.3 cr0.0% shares | 5.92M | 1.3% | +₹96.8 cr | Unchanged |
Upgrade the plan to view this stock.Radico Khaitan LtdRADICO | Fast Moving Consumer Goods | +₹3.1 cr0.0% shares | 213.33K | 1.3% | +₹95.7 cr | Unchanged |
Upgrade the plan to view this stock.Glenmark Pharmaceuticals Ltd.GLENMARK | Healthcare | +₹9.2 cr0.0% shares | 372.00K | 1.2% | +₹92.3 cr | Unchanged |
Max Healthcare Institute Ltd.MAXHEALTH | Healthcare | −₹4.9 cr0.0% shares | 868.80K | 1.2% | +₹90.5 cr | Unchanged |
Upgrade the plan to view this stock.Godfrey Phillips India Ltd.GODFRYPHLP | Fast Moving Consumer Goods | +₹8.4 cr+11.9% shares | 423.85K | 1.2% | +₹89.2 cr | Increased |
Upgrade the plan to view this stock.IndusInd Bank Ltd.INDUSINDBK | Financial Services | +₹35.0 L0.0% shares | 842.73K | 1.1% | +₹85.7 cr | Unchanged |
| Automobile and Auto Components | −₹2.9 cr0.0% shares | 250.00K | 1.1% | +₹82.1 cr | Unchanged | |
| Construction | −₹87.0 cr−53.0% shares | 200.25K | 1.1% | +₹81.0 cr | Reduced | |
Upgrade the plan to view this stock.Ujjivan Small Finance Bank LimitedUJJIVANSFB | Financial Services | −₹3.1 cr0.0% shares | 11.55M | 1.0% | +₹79.9 cr | Unchanged |
Upgrade the plan to view this stock.Manappuram Finance Ltd.MANAPPURAM | Financial Services | −₹35.2 cr−24.5% shares | 2.31M | 1.0% | +₹78.6 cr | Reduced |
Upgrade the plan to view this stock.Astral Ltd.ASTRAL | Capital Goods | +₹3.8 cr0.0% shares | 512.18K | 1.0% | +₹78.0 cr | Unchanged |
| Financial Services | +₹78.4 cr— | 456.83K | 1.0% | +₹78.4 cr | New | |
Upgrade the plan to view this stock.Vedanta Aluminium Metal LimitedVAML | Metals & Mining | −₹3.4 cr0.0% shares | 1.80M | 1.0% | +₹78.3 cr | Unchanged |
Upgrade the plan to view this stock.Nippon Life India Asset Management Ltd.NAM-INDIA | Financial Services | −₹34.1 cr−32.0% shares | 637.97K | 1.0% | +₹74.8 cr | Reduced |
Upgrade the plan to view this stock.Kajaria Ceramics Ltd.KAJARIACER | Consumer Durables | +₹2.7 cr0.0% shares | 585.87K | 0.9% | +₹72.9 cr | Unchanged |
Laurus Labs Ltd.LAURUSLABS | Healthcare | +₹3.7 cr0.0% shares | 370.00K | 0.9% | +₹70.9 cr | Unchanged |
Upgrade the plan to view this stock.The Ramco Cements Ltd.RAMCOCEM | Construction Materials | −₹3.1 cr0.0% shares | 800.79K | 0.9% | +₹70.4 cr | Unchanged |
Upgrade the plan to view this stock.Anthem Biosciences Ltd.ANTHEM | Healthcare | +₹6.4 cr0.0% shares | 767.41K | 0.9% | +₹68.5 cr | Unchanged |
Tech Mahindra Ltd.TECHM | Information Technology | −₹93.2 L0.0% shares | 400.00K | 0.8% | +₹65.1 cr | Unchanged |
JSW Steel Ltd.JSWSTEEL | Metals & Mining | +₹1.8 cr0.0% shares | 489.02K | 0.8% | +₹63.9 cr | Unchanged |
Reliance Industries Ltd.RELIANCE | Oil Gas & Consumable Fuels | −₹1.5 cr0.0% shares | 500.00K | 0.8% | +₹63.9 cr | Unchanged |
Upgrade the plan to view this stock.Max Financial Services Ltd.MFSL | Financial Services | +₹3.0 cr0.0% shares | 400.00K | 0.8% | +₹62.9 cr | Unchanged |
Upgrade the plan to view this stock.Sai Life Sciences Ltd.SAILIFE | Healthcare | +₹6.2 cr0.0% shares | 429.49K | 0.8% | +₹62.7 cr | Unchanged |
Upgrade the plan to view this stock.Tilaknagar Industries LimitedTI | Fast Moving Consumer Goods | +₹23.6 cr+35.7% shares | 1.08M | 0.8% | +₹60.7 cr | Increased |
NTPC Ltd.NTPC | Power | −₹3.6 cr0.0% shares | 1.80M | 0.8% | +₹58.9 cr | Unchanged |
Upgrade the plan to view this stock.Sagility Ltd.SAGILITY | Information Technology | +₹4.6 cr0.0% shares | 12.61M | 0.8% | +₹59.3 cr | Unchanged |
Upgrade the plan to view this stock.P N Gadgil Jewellers LimitedPNGJL | Consumer Durables | −₹8.7 cr0.0% shares | 1.00M | 0.8% | +₹58.5 cr | Unchanged |
Upgrade the plan to view this stock.DCB Bank LimitedDCBBANK | Financial Services | −₹8.5 cr−26.0% shares | 2.56M | 0.7% | +₹55.9 cr | Reduced |
Upgrade the plan to view this stock.J.K. Cement Ltd.JKCEMENT | Construction Materials | −₹3.2 cr0.0% shares | 103.59K | 0.7% | +₹53.2 cr | Unchanged |
Upgrade the plan to view this stock.Gokaldas Exports LimitedGOKEX | Consumer Services | −₹2.2 cr0.0% shares | 646.44K | 0.7% | +₹50.5 cr | Unchanged |
Sun Pharmaceutical Industries Ltd.SUNPHARMA | Healthcare | +₹49.6 cr— | 249.69K | 0.7% | +₹49.6 cr | New |
Upgrade the plan to view this stock.Blue Star Ltd.BLUESTARCO | Consumer Durables | −₹7.3 cr0.0% shares | 337.00K | 0.6% | +₹49.3 cr | Unchanged |
Upgrade the plan to view this stock.Nitin Spinners LimitedNITINSPIN | Consumer Services | +₹6.5 cr0.0% shares | 782.00K | 0.6% | +₹49.1 cr | Unchanged |
Coal India Ltd.COALINDIA | Oil Gas & Consumable Fuels | −₹1.5 cr0.0% shares | 1.20M | 0.6% | +₹48.2 cr | Unchanged |
LTM Ltd.LTM | Information Technology | −₹28.7 cr−40.6% shares | 102.60K | 0.6% | +₹46.6 cr | Reduced |
Upgrade the plan to view this stock.Sun TV Network Ltd.SUNTV | Media Entertainment & Publication | −₹4.2 cr0.0% shares | 988.95K | 0.6% | +₹46.1 cr | Unchanged |
Union Bank of IndiaUNIONBANK | Financial Services | +₹4.2 cr0.0% shares | 2.40M | 0.6% | +₹45.3 cr | Unchanged |
Eternal Ltd.ETERNAL | Consumer Services | +₹3.5 cr0.0% shares | 1.36M | 0.6% | +₹44.5 cr | Unchanged |
Upgrade the plan to view this stock.Navin Fluorine International Ltd.NAVINFLUOR | Chemicals | +₹4.9 cr0.0% shares | 44.00K | 0.5% | +₹38.2 cr | Unchanged |
Upgrade the plan to view this stock.Arvind Fashions LimitedARVINDFASN | Consumer Services | +₹18.2 L0.0% shares | 728.20K | 0.4% | +₹33.0 cr | Unchanged |
Upgrade the plan to view this stock.Tega Industries Ltd.TEGA | Capital Goods | +₹1.8 cr0.0% shares | 182.91K | 0.4% | +₹29.0 cr | Unchanged |
| Oil Gas & Consumable Fuels | −₹1.3 cr0.0% shares | 1.20M | 0.4% | +₹27.8 cr | Unchanged | |
Upgrade the plan to view this stock.Cholamandalam Financial Holdings Ltd.CHOLAHLDNG | Financial Services | −₹8.4 cr−25.3% shares | 148.01K | 0.3% | +₹22.0 cr | Reduced |
Upgrade the plan to view this stock.Oswal Pumps LimitedOSWALPUMPS | Capital Goods | −₹2.7 cr0.0% shares | 737.00K | 0.3% | +₹21.5 cr | Unchanged |
Upgrade the plan to view this stock.Hatsun Agro Product LimitedHATSUN | Chemicals | +₹14.6 cr— | 122.40K | 0.2% | +₹14.6 cr | New |
Piramal Finance Ltd.PIRAMALFIN | Financial Services | +₹13.2 cr— | 57.36K | 0.2% | +₹13.2 cr | New |
Upgrade the plan to view this stock.Vedanta Oil and Gas LimitedVOGL | Oil Gas & Consumable Fuels | +₹57.1 L0.0% shares | 1.80M | 0.1% | +₹7.0 cr | Unchanged |
Upgrade the plan to view this stock.DOMS Industries Ltd.DOMS | Fast Moving Consumer Goods | −₹18.2 cr−100.0% shares | 0 | — | ₹0 | Exited |
Infosys Ltd.INFY | Information Technology | −₹65.1 cr−100.0% shares | 0 | — | ₹0 | Exited |
ITC Ltd.ITC | Fast Moving Consumer Goods | −₹45.0 cr−100.0% shares | 0 | — | ₹0 | Exited |
Upgrade the plan to view this stock.SRF Ltd.SRF | Chemicals | −₹66.5 cr−100.0% shares | 0 | — | ₹0 | Exited |
Upgrade the plan to view this stock.Stylam Industries LimitedSTYLAMIND | Consumer Durables | −₹17.9 cr−100.0% shares | 0 | — | ₹0 | Exited |
Allocation change, Feb 2026 → Aug 2026, the same range as Capital Rotation.
See where this fund has shifted portfolio exposure and which holdings drove those changes.
Over the last 6 months, the fund's largest allocation increase was in Metals & Mining (+4.4 pp), while Financial Services saw the largest allocation reduction (−8.9 pp).
Sectors with the largest changes in portfolio allocation over the selected period.
Fast Moving Consumer Goods +1.4 pp · Media Entertainment & Publication +0.6 pp · Chemicals −0.5 pp · Consumer Services +0.4 pp · Consumer Durables −0.2 pp · Information Technology −0.1 pp
See which holdings gained or lost exposure within the selected sector.
Within Financial Services, Multi Commodity Exchange of India Ltd. and One 97 Communications Ltd. (new position) saw the largest disclosed position increases, while Piramal Finance Ltd. and ICICI Prudential Asset Management Company Ltd. (exit) were the largest position reductions.
Ribbon width is the notional size of each disclosed share change: shares added or removed, valued at the Aug 2026 reference price. Ribbons join each holding to the sector, not to other holdings; disclosures do not show which sale funded which purchase. 8 smaller reductions and 1 smaller increase not drawn.
Allocation change is the percentage-point change in each sector's share of the disclosed portfolio, and can move with prices as well as trades. Position changes compare corporate-action adjusted share quantities at the two disclosures; a change under 0.5% of the existing holding counts as unchanged. Holdings without a sector classification are grouped as Unclassified.
Stocks this fund has persistently increased or reduced across its recent disclosures.
5 holdings show persistent accumulation2 show persistent reduction93 are mixed or stableAug 2025 – Aug 2026 · 12 comparable transitions
Upgrade the plan to view this stock.Neuland Laboratories Ltd.NEULANDLAB
HealthcareIncreased in 7 of 12 comparable transitions
Portfolio weight 4.0%
Upgrade the plan to view this stock.Tilaknagar Industries LimitedTI
Fast Moving Consumer GoodsIncreased in 6 of 7 comparable transitions
6 consecutive increasesEntered Jan 2026Portfolio weight 0.8%
Upgrade the plan to view this stock.Godfrey Phillips India Ltd.GODFRYPHLP
Fast Moving Consumer GoodsIncreased in 2 of 4 comparable transitions
Entered Apr 2026Portfolio weight 1.2%
Adani Enterprises Ltd.ADANIENT
Metals & MiningIncreased in 2 of 4 comparable transitions
Entered Apr 2026Portfolio weight 3.2%
Increased in 2 of 4 comparable transitions
Entered Apr 2026Portfolio weight 2.0%
Great Eastern Shipping Co. Ltd.GESHIP
ServicesReduced in 3 of 5 comparable transitions
Exited Feb 2026
Upgrade the plan to view this stock.Thejo Engineering LimitedTHEJO
Capital GoodsReduced in 2 of 4 comparable transitions
Exited Jan 2026
Conviction signal based on persistent disclosed position changes. Bars show each stock's disclosed share quantity scaled to its own first holding in the range (not portfolio weight), adjusted for splits and bonuses. A move under 0.5% of the existing holding counts as stable.