Mahindra Manulife Multi Asset Allocation Fund Direct Growth has demonstrated strong performance across multiple timeframes. The fund has delivered 1-year returns of 5.70% on a total investment of ₹60,000, which would have grown to ₹63,422 as of the latest data. Over 6 months, the fund generated 1.04% returns on a ₹30,000 investment, reaching ₹30,312. The fund's 3-month performance showed 0.71% returns on a ₹15,000 investment, bringing the total to ₹15,107. The fund currently maintains an Asset Under Management (AUM) of ₹35,062 crore with a Latest NAV of ₹14.06 as of June 23, 2026.
Mahindra Manulife Mutual Fund operates as a joint venture between Mahindra Group and Manulife Investment Management. According to the fund overview, this partnership combines Mahindra Group's extensive market presence and brand recognition with Manulife Investment Management's global investment expertise. The fund house offers a comprehensive range of mutual fund schemes designed to cater to diverse investor needs across different market segments.
The fund house maintains a consistent debt range across its scheme offerings, as reported in the fund overview. The scheme portfolio includes diversified categories designed to provide investors with multiple investment options. The fund house emphasizes its commitment to maintaining transparent investment processes while offering competitive returns across different market cycles. The scheme categories are structured to provide investors with diversified exposure across various asset classes and market segments.
The fund house is led by Renjith Sivaram Radhakrishnan as the Current Fund Manager of the Multi Asset Allocation Fund Direct Growth scheme. According to the fund overview, the management team brings comprehensive knowledge of market dynamics and investment strategies. The fund house maintains dedicated fund managers for each scheme, ensuring specialized expertise in managing different asset classes. The management structure ensures professional oversight of investment decisions and transparent reporting to investors.
The fund house follows a systematic investment process designed to ensure consistent performance across different market conditions. As reported in the fund overview, the investment approach focuses on risk management and long-term wealth creation. The fund house provides multiple investment options to suit different investor profiles and financial goals. The investment process emphasizes transparency and accountability in all fund operations. The fund offers Minimum SIP Investment of ₹500 and Minimum Lumpsum Investment of ₹1,000 with an Exit load of 0.5% if redeemed within 3 months.
