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Mahindra Manulife Innovation Opportunities Fund - Direct - Growth
TopFund Score: 61/100 · Average
How this score is calculated
- Star rating (35%)—
- 3Y CAGR (30%)—
- Expense ratio (20%)0.97%
- AUM (15%)₹236 Cr
Not investment advice — an analytical read of public fund data. Methodology →
Mahindra Manulife Mutual Fund · Equity · Thematic Fund
₹11.18
AUM: ₹236 Cr
NAV updated 19 days ago
Plan
Direct
Option
Growth
Risk
Very High
Expense Ratio
0.97%
Exit Load
Exit load of 0.5%, if redeemed within 3 months.
Fund Manager
Renjith Sivaram Radhakrishnan
Inception
Jan 2026
Benchmark
NIFTY 500 Total Return Index
Sharpe Ratio
0.88
Std Dev (1Y)
15.75%
Historical Returns (CAGR)
Annualized trailing returns computed from NAV history — past performance only, not a guarantee of future results.
1m
-0.84%
3m
+7.91%
6m
+13.09%
1y
—
3y
—
5y
—
10y
—
since inception
+11.59%
TopFund's Take on Mahindra Manulife Innovation Opportunities Fund - Direct - Growth
Mahindra Manulife Innovation Opportunities Fund - Direct - Growth sits in the middle of the pack for Thematic Fund funds. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 61/100.
Cost: At 0.97%, the expense ratio is roughly in line with the Thematic Fund category average of 0.91% — cost isn't a standout factor either way for this fund.
Risk-adjusted performance: Over the trailing 1-year period, the fund shows a moderate Sharpe ratio of 0.88 — decent risk-adjusted performance, without being exceptional. Separately, annualised volatility of 15.75% is fairly typical for Thematic Fund funds.
Who should invest: This fund is best suited to investors whose goals and risk appetite align with a Equity fund. Given the Very High risk rating, this fund is not suited to short-term goals or investors who may need to exit within 2-3 years.
This is an automated, data-driven analysis based on the fund's own metrics and its category peers — not personalized investment advice. Consult a SEBI-registered advisor before investing.
Sector Allocation
Asset Allocation
Fund Snapshot
Tools & Guides for This Fund
Frequently Asked Questions about Mahindra Manulife Innovation Opportunities Fund - Direct - Growth
The current NAV (Net Asset Value) of Mahindra Manulife Innovation Opportunities Fund - Direct - Growth is ₹11.18. NAV is updated every business day after market close by AMFI.
Return data is not yet available for this fund.
The expense ratio of Mahindra Manulife Innovation Opportunities Fund - Direct - Growth is 0.97% per annum. This is the annual fee charged by the fund to manage your investment.
Mahindra Manulife Innovation Opportunities Fund - Direct - Growth is managed by Renjith Sivaram Radhakrishnan at Mahindra Manulife Mutual Fund.
Mahindra Manulife Innovation Opportunities Fund - Direct - Growth is classified as a Very High risk fund. It is suitable for aggressive investors with a long-term horizon of 5+ years.
Mahindra Manulife Innovation Opportunities Fund - Direct - Growth is a Thematic Fund fund. SIP suitability depends on your investment goal and risk profile.
You can start a SIP in Mahindra Manulife Innovation Opportunities Fund - Direct - Growth with as little as ₹500 per month through most mutual fund platforms. The minimum lump sum investment is typically ₹1,000.
The Assets Under Management (AUM) of Mahindra Manulife Innovation Opportunities Fund - Direct - Growth is ₹236 crore. AUM indicates the total market value of assets managed by the fund.
* Past performance is not indicative of future results. Mutual fund investments are subject to market risks.
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