Mahindra Manulife Mutual Fund has announced changes in the fund management responsibilities of several schemes, effective July 21, 2026. According to reports from Mahindra Manulife Mutual Fund, these changes affect multiple equity and debt schemes across different categories.
The most significant changes include Mahindra Manulife Aggressive Hybrid Fund, where the fund manager composition remains largely unchanged with Vishal Jajoo and Kirti Dalvi continuing as equity fund managers, while Amit Garg and Rahul Pal retain their debt management roles. The Mahindra Manulife Balanced Advantage Fund sees Neelesh Dhamnaskar continuing as equity fund manager alongside Amit Garg and Rahul Pal in debt management. As reported by Mahindra Manulife Mutual Fund, the Mahindra Manulife Consumption Fund will be managed by Navin Matta alone, replacing the previous co-management structure with Fatema Pacha.
Notable changes include Fatema Pacha's removal from co-fund management roles across multiple schemes including the ELSS Tax Saver Fund, Flexi Cap Fund, and Focused Fund. According to the fund house announcement, Kirti Dalvi emerges as the sole equity fund manager for the Large Cap Fund, while Neelesh Dhamnaskar continues as the primary equity fund manager for the Multi Cap Fund alongside Vishal Jajoo in debt management. Krishna Sanghavi retains his position as co-fund manager for the Focused Fund alongside Kirti Dalvi.
Several fund managers maintain their roles across different schemes, with Amit Garg continuing as debt fund manager for multiple schemes including the Aggressive Hybrid Fund and Balanced Advantage Fund. As reported by Mahindra Manulife Mutual Fund, Krishna Sanghavi retains his position as co-fund manager for the Focused Fund alongside Kirti Dalvi. The changes reflect the fund house's strategy to optimize fund management structures while maintaining continuity in experienced fund managers.
The Mahindra Manulife Focused Fund Direct Growth has demonstrated strong performance with ₹4,742 crore in assets under management as of July 21, 2026. The fund has delivered impressive returns of +2.3% over 1 year, +16.5% over 3 years, and +16.8% over 5 years. According to latest data, the fund's NAV stands at ₹29.87 with a minimum SIP investment of ₹500 and minimum lumpsum investment of ₹1,000. The fund follows a concentrated equity strategy investing in maximum 30 companies across market capitalizations, with Krishna Sanghavi serving as the current fund manager.
