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Mahindra Manulife Innovation Opportunities Fund - Direct - Growth
monitor_heart Health Score: 68/100 · GoodMahindra Manulife Mutual Fund · Equity · Sectoral/ Thematic
₹10.79
AUM: ₹205 Cr
NAV updated 13 days ago
Plan
Direct
Option
Growth
Risk
Very High
Expense Ratio
0.77%
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
1.06
Std Dev (1Y)
17.68%
Historical Returns (CAGR)
Annualized trailing returns computed from NAV history — past performance only, not a guarantee of future results.
1m
+5.98%
3m
+11.16%
6m
—
1y
—
3y
—
5y
—
10y
—
since inception
+10.01%
rate_review TopFund's Take on Mahindra Manulife Innovation Opportunities Fund - Direct - Growth
Mahindra Manulife Innovation Opportunities Fund - Direct - Growth holds up reasonably well within the Sectoral/ Thematic category. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 68/100.
Cost: At 0.77%, the expense ratio is meaningfully cheaper — about 28% below the Sectoral/ Thematic category average of 1.07% (based on 239 comparable funds). Lower costs compound in your favour over long holding periods.
Risk-adjusted performance: Over the trailing 1-year period, the fund shows a strong Sharpe ratio of 1.06 — the fund has generated solid returns relative to the volatility it exposed investors to. Separately, annualised volatility of 17.68% is fairly typical for actively managed equity 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.
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pie_chart Asset Allocation
info Fund Snapshot
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tips_and_updates 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 ₹10.79. NAV is updated every business day after market close by AMFI.
Return data is not yet available for this fund.
The expense ratio is 0.77% per annum — the annual fee deducted from your investment to cover fund management costs.
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 a Very High risk fund. Suitable for aggressive investors with a 5+ year horizon.
Mahindra Manulife Innovation Opportunities Fund - Direct - Growth is a Sectoral/ Thematic fund. SIP suitability depends on your investment goal and risk profile.
The Assets Under Management (AUM) of Mahindra Manulife Innovation Opportunities Fund - Direct - Growth is ₹206 crore as of the latest data.
* Past performance is not indicative of future results. Mutual fund investments are subject to market risks.