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
₹14.88
-1.11%
NAV as on 17 Dec 24, 12:00 AM
very high risk
equity other
equity
NAV as on 17 Dec 24, 12:00 AM
very high risk
equity other
equity
32.56%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
37.39%p.a.
Since Inception
About Mahindra Manulife Business Cycle Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Mahindra Manulife Business Cycle Fund Growth scheme from Mahindra Manulife Investment Management Pvt. Ltd.. It is a Equity - Other mutual fund scheme that predominantly invests in Equity - Other stocks of companies. Launched on Sep 2023, Mahindra Manulife Business Cycle Fund Growth is Equity - Other fund of its category with 1,183.01 Cr fund under management as on Dec 2024. The expense ratio of this fund is less than that of most other Fund category Equity - Other funds.
- Mahindra Manulife Business Cycle Fund Growth delivered 32.6% annual returns during the last year. It has delivered 37.4% average annual returns since the fund was launched.
- Mahindra Manulife Business Cycle 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 Scheme shall seek to generate long term capital appreciation by investing predominantly in equity and equity related securities with a focus on identifying and investing in business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy. However, there is no assurance that the objective of the Scheme will be realized.
Top 10 Holdings
HDFC Bank Ltd
7.06%
State Bank of India
4.33%
Reliance Industries Ltd
3.87%
Infosys Ltd
3.79%
Hindustan Unilever Ltd
2.45%
ITC Ltd
2.42%
Indus Towers Ltd Ordinary Shares
2.38%
Divi's Laboratories Ltd
2.34%
IndusInd Bank Ltd
2.23%
Jio Financial Services Ltd
2.08%
Fund Managers
- Krishna Sanghavi (Sep 2023 - Present)
- Renjith Radhakrishnan (Sep 2023 - Present)
- Pranav Patel (Jan 2024 - Present)
Key Information
View Scheme Document
Mahindra Manulife Business Cycle 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 Business Cycle 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 Business Cycle 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 Business Cycle 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
Similar Funds
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3Y Return
ICICI Prudential India Opportunities Fund Growth
very high risk | equity
27.4%
HDFC Manufacturing Fund Growth
very high risk | equity
0.0%
ICICI Prudential Business Cycle Fund Growth
very high risk | equity
22.4%
Frequently Asked Questions
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