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Focused · Mahindra Manulife Mutual Fund · AMFI code 148566Mahindra Manulife Focused Fund
Disclosed for 3 months, Jul 2026 to Sep 2026.
Portfolio value
₹2,109 Cr
down ₹52.5 Cr vs Jul 2026
- Stocks held
- 30
- unchanged
- Top 10 weight
- 51.3%
- of the portfolio in its ten largest
- Cash & debt
- 2.9%
- cash, money market and debt
- Moves this month
- 2 in · 2 out
- added to 10, trimmed 14
Mahindra Manulife Focused Fund is an active equity fund in the Focused category from Mahindra Manulife Mutual Fund. In August 2026 it disclosed 30 stocks worth ₹2,109 Cr, down ₹52.5 Cr from Jul 2026. Its largest positions were ICICI Bank Limited (9.0%), Reliance Industries Limited (6.3%), State Bank of India (5.2%); the ten largest together made up 51.3% of the portfolio, and Banks was the biggest sector at 26.4% of its equity. Cash and debt stood at 2.9%. Compared with Jul 2026 the fund entered 2 new stocks and exited 2.
Against 23 other Focused funds
Concentration
57%
Top-10 weight is higher than 57% of peers
Breadth
78%
Holds more stocks than 78% of peers
Cash
30%
Holds more cash than 30% of peers
What these mean: concentration · cash
Holdings in August 2026
Download CSVEvery line the fund disclosed, with the change against Jul 2026. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| ICICI Bank Limited | 9.03% | down 0.60 pts | ₹191 Cr | down ₹17.7 Cr | Trimmed |
| Reliance Industries Limited | 6.31% | down 0.24 pts | ₹133 Cr | down ₹8.4 Cr | Trimmed |
| State Bank of India | 5.22% | up 0.28 pts | ₹110 Cr | up ₹3.4 Cr | Added |
| Larsen & Toubro Limited | 5.11% | up 0.25 pts | ₹108 Cr | up ₹2.8 Cr | Added |
| Grasim Industries Limited | 4.88% | up 0.50 pts | ₹103 Cr | up ₹8.3 Cr | Added |
| Axis Bank Limited | 4.69% | up 1.67 pts | ₹98.8 Cr | up ₹33.6 Cr | Added |
| Bajaj Auto Limited | 4.60% | up 0.34 pts | ₹97 Cr | up ₹4.9 Cr | Added |
| Bajaj Finance Limited | 4.35% | up 0.30 pts | ₹91.6 Cr | up ₹4.1 Cr | Added |
| Tech Mahindra Limited | 3.59% | down 0.27 pts | ₹75.7 Cr | down ₹7.7 Cr | Trimmed |
| HDFC Bank Limited | 3.48% | down 2.70 pts | ₹73.4 Cr | down ₹60.2 Cr | Trimmed |
| IndusInd Bank Limited | 3.25% | up 0.09 pts | ₹68.6 Cr | up ₹28 L | Held |
| Sun Pharmaceutical Industries Limited | 3.15% | up 0.48 pts | ₹66.5 Cr | up ₹8.8 Cr | Added |
| Avenue Supermarts Limited | 3.14% | up 0.06 pts | ₹66.3 Cr | down ₹36 L | Trimmed |
| Cash, TREPS & receivables | 2.91% | up 0.69 pts | ₹61.5 Cr | up ₹13.5 Cr | Added |
| NTPC Limited | 2.87% | down 0.40 pts | ₹60.5 Cr | down ₹10.2 Cr | Trimmed |
| Adani Ports and Special Economic Zone Limited | 2.86% | down 0.11 pts | ₹60.2 Cr | down ₹3.9 Cr | Trimmed |
| Vodafone Idea Limited | 2.83% | up 0.74 pts | ₹59.7 Cr | up ₹14.6 Cr | Added |
| Biocon Limited | 2.82% | down 0.02 pts | ₹59.5 Cr | down ₹2 Cr | Trimmed |
| Infosys Limited | 2.56% | down 0.42 pts | ₹54 Cr | down ₹10.3 Cr | Trimmed |
| JSW Steel Limited | 2.55% | up 0.53 pts | ₹53.9 Cr | up ₹10.1 Cr | Added |
| Elgi Equipments Limited | 2.15% | up 0.25 pts | ₹45.4 Cr | up ₹4.2 Cr | Added |
| DLF Limited | 2.07% | up 0.14 pts | ₹43.7 Cr | up ₹2 Cr | Added |
| Dr. Reddy's Laboratories Limited | 2.05% | up 0.06 pts | ₹43.3 Cr | up ₹24 L | Added |
| Hindustan Aeronautics Limited | 1.95% | up 1.95 pts | ₹41.1 Cr | up ₹41.1 Cr | New |
| The Ramco Cements Limited | 1.93% | down 0.04 pts | ₹40.7 Cr | down ₹1.8 Cr | Trimmed |
| Trent Limited | 1.93% | down 0.04 pts | ₹40.6 Cr | down ₹1.8 Cr | Trimmed |
| Indus Towers Limited | 1.67% | down 0.33 pts | ₹35.1 Cr | down ₹8 Cr | Trimmed |
| InterGlobe Aviation Limited | 1.61% | up 0.06 pts | ₹34 Cr | up ₹41 L | Added |
| DDB DEWAN HSG FINANCE CORPORATION LTD Piramal Finance Limited · history in this fund | 1.60% | up 1.60 pts | ₹33.7 Cr | up ₹33.7 Cr | New |
| SBI Funds Management Limited | 1.48% | up 0.01 pts | ₹31.2 Cr | down ₹63 L | Trimmed |
| Coal India Limited | 1.36% | down 0.31 pts | ₹28.6 Cr | down ₹7.4 Cr | Trimmed |
What changed, Jul 2026 to Aug 2026
New New positions (2)
- Hindustan Aeronautics Limited1.9% · ₹41.1 Cr
- DDB DEWAN HSG FINANCE CORPORATION LTD1.6% · ₹33.7 Cr
Exited Exited (2)
- Power Finance Corporation Limitedwas 2.5% · ₹55 Cr
- ITC Limitedwas 2.0% · ₹43 Cr
Added Biggest additions
- Axis Bank Limitedup ₹33.6 Cr (+1.67% pts)
- Vodafone Idea Limitedup ₹14.6 Cr (+0.74% pts)
Sectors
Which sectors the fund is moving towards and away from, and where its money sits now. Shares are of the fund’s classified equity holdings, so they add up to 100%.
Where the weight moved
Compared with
Since Jul 2026, the weight rose most in Aerospace & Defense (+2.0 pts) and Pharmaceuticals & Biotechnology (+0.6 pts), and fell most in Diversified FMCG (−2.0 pts) and Banks (−1.1 pts).
- Aerospace & Defense0.0% → 2.0%new+2.0 pts
- Pharmaceuticals & Biotechnology7.7% → 8.3%+0.6 pts
- Ferrous Metals2.1% → 2.6%+0.6 pts
- Cement & Cement Products6.5% → 7.0%+0.5 pts
- Telecom - Services4.2% → 4.6%+0.5 pts
- Automobiles4.4% → 4.7%+0.4 pts
- Diversified FMCG2.0% → 0.0%exited−2.0 pts
- Banks27.5% → 26.4%−1.1 pts
- IT - Software7.0% → 6.3%−0.7 pts
- Finance6.7% → 6.1%−0.6 pts
- Power3.3% → 3.0%−0.4 pts
- Consumable Fuels1.7% → 1.4%−0.3 pts
A sector’s weight changes when the fund buys or sells, and also when its shares rise or fall in price, so a change is not by itself a sign of buying or selling.
Main sectors’ weights over time
| Sector | Jul 2026 | Aug 2026 |
|---|---|---|
| Banks | 27.5% | 26.4% |
| Pharmaceuticals & Biotechnology | 7.7% | 8.3% |
| Cement & Cement Products | 6.5% | 7.0% |
| Petroleum Products | 6.7% | 6.5% |
| IT - Software | 7.0% | 6.3% |
| Finance | 6.7% | 6.1% |
| Construction | 5.0% | 5.3% |
| Retailing | 5.2% | 5.2% |
| Automobiles | 4.4% | 4.7% |
| Telecom - Services | 4.2% | 4.6% |
Allocation in Aug 2026change vs Jul 2026
- Banks (5)26.4%▼ 1.1 pts
- Pharmaceuticals & Biotechnology (3)8.3%▲ 0.6 pts
- Cement & Cement Products (2)7.0%▲ 0.5 pts
Cash and debt
The share of the portfolio not in shares: cash and net receivables, money-market instruments and bonds, as disclosed each month. Cash can dip below zero when payables, often on derivative positions, exceed it. A change here describes what the fund did; it is not a signal. More on reading cash.
Cash & debt, Aug 2026
2.9%
▲ 0.7 pts vs Jul 2026
- Cash alone
- 2.9%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 2.2% – 2.9%
- lowest to highest · record 2.9% in Aug 2026
History
Disclosed portfolio value by month, with the stocks the fund entered and exited against its previous disclosure. Every month is a link to that portfolio.