Mahindra Manulife Banking & Financial Services Fund
Mahindra Manulife Banking & Financial Services Fund
Sectoral-Banking & Financial ServicesRank #6
Not Rated
NAV (2026-08-28)
₹10.95
AUM
₹460.44 Cr
Exp. Ratio: 2.84%
RISK LEVEL
Very High
Returns & Performance
1 Year14.19%2.23% vs cat avgRank #15
3 Year----
5 Year----
Since Launch8.46%10.38% vs cat avg
Fund vs Category Average
1Y
14.19%+2.23%
Pros & Cons
Pros
✔Outperforms category avg on 1Y returns
✔No lock-in period
✔Decent 1Y category rank (#15)
✔Overall top-10 rank in category (#6)
Cons
✖3Y returns below category average
✖Higher expense ratio (2.84%)
✖Returns since launch below category avg
ISININF174V01CL3
NAV₹10.95
NAV Date2026-08-28
AUM₹460.44 Cr
Expense Ratio2.84%
RiskVery High
RatingNot Rated / 5
Min SIP Amount₹500
Max SIP Amount₹999999999
Min Additional Inv.₹1000
SIP AllowedYes
Plan TypeRegular
Plan OptionGrowth
Is NFONo
Fund House Incorp.2016-02-04
INVESTMENT OBJECTIVE
The scheme seeks to generate long term capital appreciation by investing predominantly in equity and equity related securities of companies engaged in the banking and financial services activities.
Exit Load--
Stamp duty on investment0.005% (from July 1st, 2020)
Tax implicationsIf you redeem within one year, your returns will be taxed at 20%. For redemptions after one year, returns exceeding ₹1.25 lakh in a financial year will be taxed at 12.5%.
Chetan Gindodia
Mr. Gindodia has done B.Com, CA and CFA
Prior to joining Mahindra Manulife Mutual Fund, he has worked with PGIM India MF, Alf Accurate Advisors, Multi-Act India and EY
Common questions about this fund, answered from scheme data
The latest Net Asset Value (NAV) of Mahindra Manulife Banking & Financial Services Fund is ₹10.95 as of 2026-08-28.
Mahindra Manulife Banking & Financial Services Fund is classified as a Sectoral-Banking & Financial Services fund.
The Assets Under Management (AUM) of Mahindra Manulife Banking & Financial Services Fund is ₹460.44 Cr.
The expense ratio of Mahindra Manulife Banking & Financial Services Fund is 2.84%.
Mahindra Manulife Banking & Financial Services Fund is managed by Chetan Gindodia.
The minimum SIP investment for Mahindra Manulife Banking & Financial Services Fund is ₹500.
As per the SEBI Riskometer, Mahindra Manulife Banking & Financial Services Fund carries a Very High risk level.
Mahindra Manulife Banking & Financial Services Fund has delivered 14.19% (1Y), 0% (3Y) and 0% (5Y) annualised returns as of 2026-08-28.
Mahindra Manulife Banking & Financial Services Fund was launched on 2016-02-04.
Open an account with Indiabulls Securities, complete your KYC, and invest via SIP or a one-time lumpsum through our platform.
A Systematic Investment Plan (SIP) lets you invest a fixed amount at regular intervals (e.g., monthly) instead of a single lumpsum.
There is no separate brokerage on mutual fund units. The AMC charges an expense ratio, which is already reflected in the NAV. An exit load may apply if you redeem before the specified period.
Mutual fund NAVs are declared once per business day after market close, in line with SEBI norms.
The FAQs above are generated from data provided by the AMC and are for educational purposes only. They do not constitute financial advice, buy/sell recommendations, or return guarantees. Mutual fund investments are subject to market risks — read all scheme-related documents carefully before investing. Past performance is not indicative of future returns.
