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Value / Contra · Mahindra Manulife Mutual Fund · AMFI code 153302Mahindra Manulife Value Fund
Disclosed for 3 months, Jul 2026 to Sep 2026.
Portfolio value
₹1,029 Cr
up ₹81.6 Cr vs Jul 2026
- Stocks held
- 69
- unchanged
- Top 10 weight
- 26.1%
- of the portfolio in its ten largest
- Cash & debt
- 2.9%
- cash, money market and debt
- Moves this month
- 7 in · 7 out
- added to 10, trimmed 29
Mahindra Manulife Value Fund is an active equity fund in the Value / Contra category from Mahindra Manulife Mutual Fund. In August 2026 it disclosed 69 stocks worth ₹1,029 Cr, up ₹81.6 Cr from Jul 2026. Its largest positions were ICICI Bank Limited (3.9%), Reliance Industries Limited (3.5%), Jindal Saw Limited (2.6%); the ten largest together made up 26.1% of the portfolio, and Banks was the biggest sector at 17.2% of its equity. Cash and debt stood at 2.9%. Compared with Jul 2026 the fund entered 7 new stocks and exited 7.
Against 26 other Value / Contra funds
Concentration
12%
Top-10 weight is higher than 12% of peers
Breadth
65%
Holds more stocks than 65% of peers
Cash
31%
Holds more cash than 31% 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 | 3.89% | down 1.04 pts | ₹40 Cr | down ₹6.7 Cr | Trimmed |
| Reliance Industries Limited | 3.48% | up 0.58 pts | ₹35.8 Cr | up ₹8.3 Cr | Added |
| Cash, TREPS & receivables | 2.87% | down 0.17 pts | ₹29.6 Cr | up ₹75 L | Added |
| Jindal Saw Limited | 2.60% | up 0.80 pts | ₹26.8 Cr | up ₹9.7 Cr | Added |
| Axis Bank Limited | 2.53% | up 0.56 pts | ₹26 Cr | up ₹7.4 Cr | Added |
| Vodafone Idea Limited | 2.41% | up 0.72 pts | ₹24.8 Cr | up ₹8.8 Cr | Added |
| Oil India Limited | 2.39% | down 0.07 pts | ₹24.6 Cr | up ₹1.3 Cr | Added |
| Adani Enterprises Limited | 2.33% | down 0.33 pts | ₹24 Cr | down ₹1.3 Cr | Trimmed |
| IndusInd Bank Limited | 2.23% | down 0.18 pts | ₹23 Cr | up ₹9 L | Held |
| JSW Energy Limited | 2.15% | down 0.34 pts | ₹22.1 Cr | down ₹1.5 Cr | Trimmed |
| Bajaj Auto Limited | 2.12% | down 0.49 pts | ₹21.8 Cr | down ₹2.9 Cr | Trimmed |
| Ambuja Cements Limited | 2.08% | down 0.35 pts | ₹21.4 Cr | down ₹1.7 Cr | Trimmed |
| Tube Investments of India Limited | 1.95% | down 0.15 pts | ₹20 Cr | up ₹19 L | Added |
| Indus Towers Limited | 1.92% | down 0.18 pts | ₹19.7 Cr | down ₹12 L | Trimmed |
| IDFC First Bank Limited | 1.80% | down 0.13 pts | ₹18.5 Cr | up ₹28 L | Added |
| Grasim Industries Limited | 1.78% | up <0.01 pts | ₹18.3 Cr | up ₹1.5 Cr | Added |
| Glenmark Pharmaceuticals Limited | 1.73% | up 0.51 pts | ₹17.8 Cr | up ₹6.2 Cr | Added |
| Steel Authority of India Limited | 1.71% | up 1.71 pts | ₹17.6 Cr | up ₹17.6 Cr | New |
| Punjab National Bank | 1.60% | down 0.65 pts | ₹16.5 Cr | down ₹4.9 Cr | Trimmed |
| Adani Energy Solutions Limited | 1.60% | down 0.42 pts | ₹16.5 Cr | down ₹2.7 Cr | Trimmed |
| Sun Pharmaceutical Industries Limited | 1.60% | down 0.14 pts | ₹16.5 Cr | down ₹5 L | Held |
| Shriram Transport Finance Company Limited Shriram Finance Limited · history in this fund | 1.58% | down 0.59 pts | ₹16.3 Cr | down ₹4.3 Cr | Trimmed |
| Infosys Limited | 1.55% | down 0.13 pts | ₹16 Cr | up ₹5 L | Held |
| Life Insurance Corporation Of India | 1.54% | up 1.54 pts | ₹15.9 Cr | up ₹15.9 Cr | New |
| Bandhan Bank Limited | 1.53% | down 0.24 pts | ₹15.8 Cr | down ₹1 Cr | Trimmed |
| HDFC Bank Limited | 1.51% | down 0.22 pts | ₹15.5 Cr | down ₹86 L | Trimmed |
| Tech Mahindra Limited | 1.50% | down 0.15 pts | ₹15.5 Cr | down ₹22 L | Trimmed |
| Carborundum Universal Limited | 1.48% | down 0.07 pts | ₹15.3 Cr | up ₹59 L | Added |
| Balrampur Chini Mills Limited | 1.42% | up 0.49 pts | ₹14.6 Cr | up ₹5.8 Cr | Added |
| Shriram Pistons & Rings Limited | 1.41% | down 0.05 pts | ₹14.5 Cr | up ₹67 L | Added |
| Jio Financial Services Limited | 1.41% | up 0.73 pts | ₹14.5 Cr | up ₹8.1 Cr | Added |
| NMDC Limited | 1.34% | down 0.06 pts | ₹13.8 Cr | up ₹49 L | Added |
| Biocon Limited | 1.32% | down 0.16 pts | ₹13.6 Cr | down ₹45 L | Trimmed |
| Hindustan Zinc Limited | 1.30% | up 1.30 pts | ₹13.4 Cr | up ₹13.4 Cr | New |
| Voltamp Transformers Limited | 1.29% | up 0.03 pts | ₹13.3 Cr | up ₹1.3 Cr | Added |
| Tata Consultancy Services Limited | 1.28% | down 0.09 pts | ₹13.2 Cr | up ₹19 L | Added |
| Engineers India Limited | 1.27% | up 0.39 pts | ₹13.1 Cr | up ₹4.8 Cr | Added |
| Vedanta Aluminium Metal Limited | 1.27% | up 0.31 pts | ₹13.1 Cr | up ₹4 Cr | Added |
| Maruti Suzuki India Limited | 1.26% | down 0.18 pts | ₹13 Cr | down ₹66 L | Trimmed |
| KEC International Limited | 1.21% | up 1.21 pts | ₹12.5 Cr | up ₹12.5 Cr | New |
| Mahindra Logistics Limited | 1.21% | down 0.16 pts | ₹12.4 Cr | down ₹57 L | Trimmed |
| Coforge Limited | 1.16% | up 0.07 pts | ₹11.9 Cr | up ₹1.6 Cr | Added |
| The Ramco Cements Limited | 1.15% | down 0.15 pts | ₹11.8 Cr | down ₹52 L | Trimmed |
| Zydus Lifesciences Limited | 1.12% | down 0.06 pts | ₹11.5 Cr | up ₹34 L | Added |
| REC Limited | 1.08% | down 0.27 pts | ₹11.1 Cr | down ₹1.7 Cr | Trimmed |
| Alkem Laboratories Limited | 1.08% | down 0.19 pts | ₹11.1 Cr | down ₹88 L | Trimmed |
| CEAT Limited | 1.06% | down 0.11 pts | ₹10.9 Cr | down ₹14 L | Trimmed |
| K.P.R. Mill Limited | 1.03% | up 0.03 pts | ₹10.6 Cr | up ₹1.2 Cr | Added |
| Elecon Engineering Company Limited | 1.00% | down 0.10 pts | ₹10.2 Cr | down ₹18 L | Trimmed |
| HCL Technologies Limited | 0.98% | down 0.11 pts | ₹10.1 Cr | down ₹27 L | Trimmed |
What changed, Jul 2026 to Aug 2026
New New positions (7)
- Steel Authority of India Limited1.7% · ₹17.6 Cr
- Life Insurance Corporation Of India1.5% · ₹15.9 Cr
- Hindustan Zinc Limited1.3% · ₹13.4 Cr
- KEC International Limited1.2% · ₹12.5 Cr
- HEG Limited1.0% · ₹9.8 Cr
- IIFL Finance Limited0.9% · ₹9.7 Cr
- Canara Bank0.7% · ₹7.6 Cr
Exited Exited (7)
- The Federal Bank Limitedwas 1.4% · ₹12.9 Cr
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 Industrial Products (+1.7 pts) and Non - Ferrous Metals (+1.7 pts), and fell most in Banks (−3.2 pts) and Power (−1.9 pts).
- Industrial Products4.3% → 5.9%+1.7 pts
- Non - Ferrous Metals1.0% → 2.6%+1.7 pts
- Insurance0.0% → 1.6%new+1.6 pts
- Construction1.6% → 3.2%+1.5 pts
- Ferrous Metals0.9% → 1.8%+0.8 pts
- Finance4.3% → 5.2%+0.8 pts
- Banks20.4% → 17.2%−3.2 pts
- Power7.4% → 5.5%−1.9 pts
- Auto Components6.5% → 5.4%−1.1 pts
- Automobiles4.2% → 3.5%−0.7 pts
- Gas1.9% → 1.3%−0.6 pts
- Cement & Cement Products5.7% → 5.2%−0.5 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 | 20.4% | 17.2% |
| Pharmaceuticals & Biotechnology | 9.3% | 8.9% |
| IT - Software | 7.1% | 6.7% |
| Industrial Products | 4.3% | 5.9% |
| Power | 7.4% | 5.5% |
| Auto Components | 6.5% | 5.4% |
| Finance | 4.3% | 5.2% |
| Cement & Cement Products | 5.7% | 5.2% |
| Telecom - Services | 3.9% | 4.5% |
| Petroleum Products | 3.0% | 3.6% |
Allocation in Aug 2026change vs Jul 2026
- Banks (9)17.2%▼ 3.2 pts
- Pharmaceuticals & Biotechnology (7)8.9%▼ 0.3 pts
- IT - Software (5)6.7%
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%
▼ 0.2 pts vs Jul 2026
- Cash alone
- 2.9%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 2.9% – 3.0%
- lowest to highest · record 3.0% in Jul 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.