Mahindra Manulife Banking & Financial Services Fund - Direct Plan - Growth

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

Fund House : Mahindra Manulife Mutual Fund

Scheme Objective

The objective of the scheme is 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.

Scheme Details

Fund manager(s) – Vishal Jajoo , Chetan Sanjay Gindodia
Launch date – 18-Jul-2025
Expense ratio – 0.55% as declared on 31-Oct-2025 (category average is 0.88%)
Benchmark - Nifty Financial Services TRI

Min SIP amount - ₹
Min investment amount (one time- first time) - ₹
Min investment amount (addtional purchase) - ₹
Type : Open Ended Fund. You can invest any time in this fund.

Exit Load

Mahindra Manulife Banking & Financial Services Fund - Direct Plan - Growth charges 0.5% of sell value; if fund sold before 90 days. There are no other charges.

Asset Monitor

Total AUM for this Scheme (Cr)

Category Total AUM (Cr)

% of Assets in Category

2025

348.20

0.00

0.00%

Oct - 2025	348.20	0.00%
Sep - 2025	319.57	0.00%
Aug - 2025	303.80	0.00%
Jul - 2025	286.55	0.00%
Jun - 2025	0.00	0.00%

Tax Rate

If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 12.5%, if your total long term capital gain exceeds 1.25 lakh. Any cess/surcharge is not included. If sold before 1 year from purchase date, short term capital gain tax will be applicable. Current tax rate is 20%. Any cess/surcharge is not included in the 20%.

Contact Details

Mahindra Manulife Investment Management Pvt. Ltd.

Unit No.204,2nd Floor,Amiti Building,Piramal Agastya Corp.Park LBS Road Kamani Junction,Kurla (W) Mumbai 400070
Tel no.: 022-66327900
Fax no.: 022-66327932
Website.: www.mahindramanulife.com