Should I invest in Mahindra Manulife Business Cycle Fund?

We don't give personal investment advice. Mahindra Manulife Business Cycle Fund - Direct Plan - Growth is suitable for an investor whose:time horizon is **5+ years** — equity funds can drop 30-50% in bad years; horizons under 5 years materially raise the risk of selling at a lossrisk tolerance accepts seeing the portfolio fall sharply without panic-sellinggoal isn't capital preservation in the short termCross-check the numbers above against alternatives before deciding.

Mahindra Manulife

Mahindra Manulife Business Cycle Fund - Direct Plan - Growth

Latest NAV

₹16.5296

As of

17 Jul 2026

697 NAV records on file

NAV history & peer comparison

All NAVs split-adjusted and normalised to 100 at the start of the selected period, so funds with very different absolute NAV scales can be compared on one axis.

Period

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Returns matrix

Fund return alongside the category average and peer rank for every standard window. Returns under one year are absolute; one year and longer are compound annualised (CAGR).

Window	Fund	Category avg	+/− vs avg	Rank	Quartile
1D	+0.32%	-0.05%	+0.37	76 / 258	Q2
1W	+0.07%	-0.18%	+0.26	87 / 258	Q2
2W	+0.27%	-0.17%	+0.44	118 / 259	Q2
1M	+1.34%	+1.63%	-0.29	163 / 259	Q3
3M	+3.65%	+4.83%	-1.18	149 / 259	Q3
6M	+3.30%	+4.61%	-1.31	122 / 250	Q2
YTD	+2.86%	+2.98%	-0.12	109 / 247	Q2
1Y	+7.22%	+5.46%	+1.77	90 / 235	Q2
2Y	+3.36%	+4.09%	-0.72	95 / 187	Q3
3Y	+18.16%	+15.93%	+2.23	59 / 148	Q2
4Y	—	—	—	—	—
5Y	—	—	—	—	—
7Y	—	—	—	—	—
10Y	—	—	—	—	—
Inception	+19.24%	+12.07%	+7.17	42 / 259	Q1

Quartile legend: Q1 top 25% Q2 25-50% Q3 50-75% Q4 bottom 25%

Calendar-year returns

Full-year performance vs category average. Current year is partial (year-to-date).

Year	Fund	Category avg	+/− vs avg	Rank
2026 YTD	+2.86%	+3.40%	-0.54	108 / 244
2025	+7.90%	+4.41%	+3.49	67 / 208
2024	+26.47%	+23.18%	+3.30	50 / 155
2023	—	—	—	—

Rolling returns

Removes start-date bias by averaging CAGR over every overlapping N-year window in the fund's history. Higher average plus tight min/max plus high "% positive" = consistent.

1-Year rolling

+14.47%

23 windows

min -4.7% · max 62.8%

83% positive

Limited basis — fund is young, so this average may be skewed by which 1Y windows happen to be available.

3-Year rolling

—

Insufficient history

5-Year rolling

—

Insufficient history

7-Year rolling

—

Insufficient history

SIP returns — historical "what if"

If you had invested every month in this fund over the chosen period, this is what your investment would be worth today.

Period

Total invested

₹ —

Today's value

₹ —

XIRR

Annualised

Wealth multiplier

Period	Total invested	Today's value	XIRR	Wealth multiplier

XIRR is the annualised internal rate of return on the SIP cash flow — invariant to the monthly amount. "Today's value" and "Total invested" scale linearly with the slider. Past performance does not guarantee future returns. Excludes exit load and taxes.

Peers in Sectoral/Thematic Fund

Scheme	Fund house	NAV	As of
HDFC Banking & Financial Services Fund - Growth Option - Direct Plan	HDFC	₹19.7420	17 Jul 2026
Nippon India Active Momentum Fund-Direct Plan - Growth Option	Nippon India	₹13.0154	17 Jul 2026
SBI Automotive Opportunities Fund - Direct Plan - Growth	SBI	₹12.5868	17 Jul 2026
ICICI Prudential Active Momentum Fund - Direct Plan - Growth	ICICI Prudential	₹10.8700	17 Jul 2026
Invesco India Business Cycle Fund - Direct Plan - Growth	Invesco	₹14.5000	17 Jul 2026
Bandhan Business Cycle Fund - Direct Plan - Growth	Bandhan	₹10.1960	17 Jul 2026
quant BFSI Fund - Growth Option - Direct Plan	Quant	₹22.0723	17 Jul 2026
QUANTUM ESG BEST IN CLASS STRATEGY FUND - DIRECT PLAN - GROWTH OPTION	Quantum	₹24.7900	17 Jul 2026
Aditya Birla Sun Life Banking and Financial Services Fund - Direct Plan - Growth	Aditya Birla Sun Life	₹72.8200	17 Jul 2026
Motilal Oswal Active Momentum Fund- Direct-Growth	Motilal Oswal	₹13.5242	17 Jul 2026

Recent NAVs

Date	NAV
17 Jul 2026	₹16.5296
16 Jul 2026	₹16.4761
15 Jul 2026	₹16.4866
14 Jul 2026	₹16.4412
13 Jul 2026	₹16.5465
10 Jul 2026	₹16.5176
9 Jul 2026	₹16.3032
8 Jul 2026	₹16.2004
7 Jul 2026	₹16.4892
6 Jul 2026	₹16.5590

Frequently asked questions

These answers are generated from this fund's live metrics — NAV, returns, peer rank, drawdown, SIP backtest. Numbers refresh nightly after AMFI's NAV feed lands.

As of 17 Jul 2026, the NAV of Mahindra Manulife Business Cycle Fund - Direct Plan - Growth is ₹16.5296. It's a Sectoral/Thematic Fund from Mahindra Manulife, run as a Direct plan Growth option. NAVs update once per business day from the AMFI feed.

Mahindra Manulife Business Cycle Fund - Direct Plan - Growth has NAV history starting from 13 Sep 2023, a track record of about 2 years 10 months. It's a relatively new scheme. With under 5 years of NAVs, peer comparison is the best yardstick — point-to-point returns can be skewed by entry timing.

Mahindra Manulife Business Cycle Fund - Direct Plan - Growth is managed by Mahindra Manulife. It's classified by AMFI under the 'Sectoral/Thematic Fund' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, Mahindra Manulife Business Cycle Fund - Direct Plan - Growth has delivered a absolute return of 7.22% — +1.77 pp ahead of the Sectoral/Thematic Fund category average of 5.46%. The fund ranks #90 of 235 in its category — the second (Q2) quartile.

Over the trailing 3-year window, Mahindra Manulife Business Cycle Fund - Direct Plan - Growth has delivered a CAGR of 18.16% — +2.23 pp ahead of the Sectoral/Thematic Fund category average of 15.93%. The fund ranks #59 of 148 in its category — the second (Q2) quartile.

Mahindra Manulife Business Cycle Fund - Direct Plan - Growth doesn't have a complete 5-year window yet (we need at least 5 year of NAVs). Check the shorter-window returns above.

₹1 lakh invested in Mahindra Manulife Business Cycle Fund - Direct Plan - Growth exactly 3 years ago would be worth approximately ₹164,956 today — a multiplier of 1.65×, based on the 3-year CAGR of 18.16%. The category average over the same window would have grown ₹1 lakh to ₹155,796.

A ₹10,000 monthly SIP in Mahindra Manulife Business Cycle Fund - Direct Plan - Growth over the last 1 year — total invested ₹120,000 — would be worth ₹126,537 today. That's an XIRR (money-weighted annualised return) of 10.25%.

Mahindra Manulife Business Cycle Fund - Direct Plan - Growth doesn't yet have 10 years of NAVs. Over the longest available window (1-year SIP), ₹10,000/month would have grown to ₹126,537 — XIRR 10.25%.

On a 3-year basis, Mahindra Manulife Business Cycle Fund - Direct Plan - Growth ranks #59 out of 148 funds in the Sectoral/Thematic Fund category — that places it in the second quartile (Q2) — above the median. The category average return over the same window is 15.93%; this fund delivered 18.16%.

Mahindra Manulife Business Cycle Fund - Direct Plan - Growth doesn't have a computed drawdown figure yet.

Consistency stats for Mahindra Manulife Business Cycle Fund - Direct Plan - Growth need at least 3 years of NAVs to compute. They'll populate automatically once the fund has enough history.

In calendar year 2025, Mahindra Manulife Business Cycle Fund - Direct Plan - Growth returned 7.90% — beating the Sectoral/Thematic Fund category average of 4.41% by 3.49 pp. It ranked #67 of 208 in its category that year.

Mahindra Manulife Business Cycle Fund - Direct Plan - Growth is classified as an Equity fund (at least 65% equity exposure). Tax rules (post Budget 2024): if you hold 12 months or more, gains are Long-Term and taxed at 12.5% on the amount exceeding ₹1.25 lakh per financial year. Held for under 12 months, gains are Short-Term and taxed at 20%. The ₹1.25 L exemption is per PAN per FY across all equity LTCG.

We don't give personal investment advice. Mahindra Manulife Business Cycle Fund - Direct Plan - Growth is suitable for an investor whose:

time horizon is **5+ years** — equity funds can drop 30-50% in bad years; horizons under 5 years materially raise the risk of selling at a loss
risk tolerance accepts seeing the portfolio fall sharply without panic-selling
goal isn't capital preservation in the short term

Cross-check the numbers above against alternatives before deciding.

Educational content only — not investment advice. Tax rules summarised above reflect Budget 2024; consult a qualified adviser before transacting.

Mahindra Manulife Business Cycle Fund - Direct Plan - Growth

NAV history & peer comparison

Returns matrix

Calendar-year returns

Rolling returns

SIP returns — historical "what if"

Peers in Sectoral/Thematic Fund

Recent NAVs

Frequently asked questions

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