NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹9.29
-0.01%
NAV as on 31 Mar 26, 12:00 AM
risk
sector specific banks & financial services
equity
NAV as on 31 Mar 26, 12:00 AM
risk
sector specific banks & financial services
equity
0.00%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
-7.11%p.a.
Since Inception
About Mahindra Manulife Banking & Financial Services Fund -Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Mahindra Manulife Banking & Financial Services Fund -Growth scheme from Mahindra Manulife Investment Management Private Limited. It is a Sector Specific - Banks & Financial Services mutual fund scheme that predominantly invests in Sector Specific - Banks & Financial Services stocks of companies. Launched on Jul 2025, Mahindra Manulife Banking & Financial Services Fund -Growth is Sector Specific - Banks & Financial Services fund of its category with 422.7 Cr fund under management as on Mar 2026. The expense ratio of this fund is less than that of most other Fund category Sector Specific - Banks & Financial Services funds.
- Mahindra Manulife Banking & Financial Services Fund -Growth delivered 0.0% annual returns during the last year. It has delivered -7.1% average annual returns since the fund was launched.
- Mahindra Manulife Banking & Financial Services Fund -Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in equity
Fund 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.However, there is no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee/indicate any returns.
Top 10 Holdings
Axis Bank Ltd
8.52%
Bajaj Finance Ltd
5.89%
Canara Bank
2.90%
Cholamandalam Investment & Finance Company Ltd
2.87%
HDFC Bank Ltd
11.61%
ICICI Bank Ltd
13.27%
IIFL Finance Ltd
1.38%
Indian Bank
1.10%
Karur Vysya Bank Ltd
1.41%
Kotak Mahindra Bank Ltd
4.08%
Fund Managers
- Vishal Jajoo (Jun 2025 - Present)
- Chetan Gindodia (Jun 2025 - Present)
Key Information
View Scheme Document
Mahindra Manulife Banking & Financial Services Fund -Growth SIP Calculator
If invested
per month
For a period of
Investment of ₹0 could have been
₹0(+0.0%)
₹0 (+0.0%)
This Fund
₹0 (+0.0%)
Fixed Deposit
NRI Mutual Fund Tax on Mahindra Manulife Banking & Financial Services Fund -Growth
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in Mahindra Manulife Banking & Financial Services Fund -Growth?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in Mahindra Manulife Banking & Financial Services Fund -Growth
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
Frequently Asked Questions
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