MF Gyan
sectorHigh risk3 years old

Mahindra Manulife Business Cycle Fund - Direct Plan - Growth

Invests only in one industry or theme (like banking, pharma, tech). Highly concentrated — bigger swings. From Mahindra Manulife Mutual Fund. It's been running since 13 Sep 2023.

Latest price per unit
₹16.6376
▲ 0.20% today
As of 4 Sep 2026 · updated once each business day

What ₹1 lakh would have become

Based on past returns
Invested 1 year ago
₹1.11 L
▲ ₹11.4k gain · 11.4% / year

These are calculations from the fund's past prices, not a prediction. Real future returns can and often do differ.

SIP simulator

Play with a monthly investment

Slide the amount and switch the duration. Left column uses real past prices. Right column projects forward using this fund's historical rate — a calculation, not a prediction.

₹5.0k
Looking back · real
You would have invested₹60.0k
Value today₹62.8k
Gain / loss+₹2.8k
XIRR (annualised)10.37%
Looking forward · hypothetical
You would invest₹60.0k
Would become*₹63.5k
Projected gain*+₹3.5k
*at this fund's historical rate of 10.37% per year. Actual future returns can be different — sometimes very different.
Value Cumulative invested
Reality check. The backward SIP is real math on real past NAVs. The forward projection assumes the fund keeps up its historical rate — which rarely happens exactly. Past performance is not a promise. MF Gyan does not recommend any specific investment.
How it compares to peers

Vs 109 other funds in Equity Schemes - Thematic Fund

Same plan
1-year return
11.39%median 5.50% (+5.89%)
Rank #36 of 110Beats 64% of peers
Bumpiness (3Y)
15.76%median 15.81% (-0.05%)
Rank #53 of 110Less risky than 50% of peers
Worst-ever drop
-21.44%median -22.78% (+1.34%)
Rank #62 of 110Less risky than 44% of peers

Descriptive rankings within the same category and plan. Not a recommendation — one fund beating another historically does not mean it will continue to do so.

Year by year

Calendar-year returns. 4 of last 4 years were positive.

+15%
2023
+26%
2024
+8%
2025
+4%
2026
Best year
2024 · 26.47%
Worst year
2026 · 3.53%

Price over time

How the per-unit price has moved. Tap a range to zoom in.

Bumpiness & worst drops

Day-to-day bumpiness
15.8%

The value swings roughly 16% up or down in a typical year. Finance-speak calls this volatility.

Worst drop ever
-21.44%

A lump sum invested at the previous peak would have temporarily lost about this much before recovering. Finance-speak calls this max drawdown.

Similar funds you might want to look at

Same category, same plan, sorted by 3-year return. Not recommendations — just neighbours.

Head-to-head comparisons

Side-by-side comparisons of Mahindra Manulife Business Cycle Fund - Direct Plan - Growth against other sector funds.

Technical details (for the pros)
CAGR — 1 year11.39%
CAGR — 3 years—
CAGR — 5 years—
CAGR — since launch18.57%
Volatility — 1 year (annualised)13.72%
Volatility — 3 years (annualised)15.76%
Max drawdown — 1 year-11.46%
Max drawdown — 3 years-21.44%
Sharpe ratio — 1 year (rf=6%)0.37
Sharpe ratio — 3 years (rf=6%)0.73

Fund info

Fund house
Mahindra Manulife Mutual Fund
Category
Equity Schemes - Thematic Fund
Plan
Direct
Option
Growth
ISIN (Growth)
INF174V01BQ4
ISIN (Div re-invest)
—
Fund code
152045
First price on record
13 Sep 2023 · 732 daily prices

About Mahindra Manulife Business Cycle Fund - Direct Plan - Growth

Mahindra Manulife Business Cycle Fund - Direct Plan - Growth is a Equity Schemes - Thematic Fund offered by Mahindra Manulife Mutual Fund under the Direct plan with the Growth option. It has approximately 3 years of NAV track record. The fund falls in the sector category — Invests only in one industry or theme (like banking, pharma, tech). Highly concentrated — bigger swings.

The current NAV of Mahindra Manulife Business Cycle Fund - Direct Plan - Growth is ₹16.6376 (as of 4 Sep 2026). Historically, it has delivered 11.38% over the last year. Returns are historical and don't predict future performance.

Over the last three years, the fund's prices have moved with 15.8% annualised volatility — a "high" level of bumpiness; its deepest peak-to-trough fall on record was 21.4%. Being mentally prepared for drawdowns of this size is what separates long-term investors from reactive traders.

Frequently asked

What is the latest NAV of Mahindra Manulife Business Cycle Fund - Direct Plan - Growth?+

The latest NAV of Mahindra Manulife Business Cycle Fund - Direct Plan - Growth is ₹16.6376 as of 4 Sep 2026, up 0.20% from the previous day. NAV is updated once a business day after the market close.

What are the returns of Mahindra Manulife Business Cycle Fund - Direct Plan - Growth?+

Mahindra Manulife Business Cycle Fund - Direct Plan - Growth has delivered 1-year return 11.38%, since-inception CAGR 18.57%. Returns are historical and don't predict future performance — markets move in cycles.

What category does Mahindra Manulife Business Cycle Fund - Direct Plan - Growth belong to?+

Mahindra Manulife Business Cycle Fund - Direct Plan - Growth is categorised as Equity Schemes - Thematic Fund. Invests only in one industry or theme (like banking, pharma, tech). Highly concentrated — bigger swings.

How risky is Mahindra Manulife Business Cycle Fund - Direct Plan - Growth?+

Based on its 3-year annualised volatility of 15.8%, Mahindra Manulife Business Cycle Fund - Direct Plan - Growth sits in the "high" risk bucket. Volatility measures how much prices swing — higher means bigger ups and downs along the way.

Is Mahindra Manulife Business Cycle Fund - Direct Plan - Growth a direct plan?+

Mahindra Manulife Business Cycle Fund - Direct Plan - Growth is a Direct plan (no distributor commission — lower expense ratio) with the Growth option (all returns compound within the fund, no interim payouts).

How old is Mahindra Manulife Business Cycle Fund - Direct Plan - Growth?+

Mahindra Manulife Business Cycle Fund - Direct Plan - Growth has NAV history available from 13 Sep 2023 — approximately 3 years of track record and 732 daily NAV observations.

Numbers are computed from stored daily prices from mfapi.in/AMFI. This is descriptive analytics, not investment advice. Past performance is not indicative of future returns.