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
₹13.60
-0.99%
NAV as on 13 Feb 26, 12:00 AM
high risk
multi asset allocation
hybrid (c)
NAV as on 13 Feb 26, 12:00 AM
high risk
multi asset allocation
hybrid (c)
23.91%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
17.36%p.a.
Since Inception
About Mahindra Manulife Multi Asset Allocation Fund - Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Mahindra Manulife Multi Asset Allocation Fund - Growth scheme from Mahindra Manulife Investment Management Private Limited. It is a Multi Asset Allocation mutual fund scheme that predominantly invests in Multi Asset Allocation stocks of companies. Launched on Mar 2024, Mahindra Manulife Multi Asset Allocation Fund - Growth is Multi Asset Allocation fund of its category with 1,028.28 Cr fund under management as on Feb 2026. The expense ratio of this fund is less than that of most other Fund category Multi Asset Allocation funds.
- Mahindra Manulife Multi Asset Allocation Fund - Growth delivered 23.9% annual returns during the last year. It has delivered 17.4% average annual returns since the fund was launched.
- Mahindra Manulife Multi Asset Allocation Fund - Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in hybrid (c)
Fund Objective
The investment objective of the Scheme is to seek to generate long-term capital appreciation and income by investing in equity and equity related securities, debt & money market instruments, Gold/Silver ETFs and Exchange Traded Commodity Derivatives (ETCDs) as permitted by SEBI from time to time. However, there can be no assurance that the investment objective of the Scheme will be achieved.
Top 10 Holdings
AFCONS INFRASTRUCTURE LIMITED EQ
0.52%
Asahi India Glass Ltd
0.56%
Axis Bank Ltd
1.52%
Bajaj Finance Ltd
0.97%
Bharti Airtel Ltd
2.18%
Carborundum Universal Ltd
0.53%
Coal India Ltd
0.51%
Coromandel International Ltd
1.21%
Divi's Laboratories Ltd
1.55%
GAIL (India) Ltd
0.64%
Fund Managers
- Rahul Pal (Feb 2024 - Present)
- Renjith Sivaram Radhakrishnan (Feb 2024 - Present)
- Kush Sonigara (Jan 2026 - Present)
Key Information
View Scheme Document
Mahindra Manulife Multi Asset Allocation Fund - Growth SIP Calculator
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NRI Mutual Fund Tax on Mahindra Manulife Multi Asset Allocation 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 Multi Asset Allocation 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 Multi Asset Allocation 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
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