Mahindra Manulife Banking & Financial Services Fund holds 34 instruments (97.47% equity), led by ICICI Bank Limited (11.88%), HDFC Bank Limited (10.18%) and Axis Bank Limited (7.5%), as of its 30 September 2026 SEBI-mandated monthly disclosure.
This page shows the complete disclosed portfolio of Mahindra Manulife Banking & Financial Services Fund, managed by Mahindra Manulife Mutual Fund, based on its monthly portfolio disclosure dated 30 September 2026. The fund holds 34 instruments with an equity allocation of 97.47%. Percentages are of net assets (% to NAV). Click any stock to see every other mutual fund that also holds it.
Mahindra Manulife Banking & Financial Services Fund's top 10 holdings account for 61.77% of its portfolio, more concentrated than the Thematic category average of 49.2%. Financial Services is its largest sector exposure at 97.47% of net assets, spread across 1 sector in total. Since its 31 August 2026 disclosure, the fund added 0 new positions and exited 2 positions, with HDFC Bank Limited seeing the largest move (+2.57pp to 10.18%).
Equity holdings grouped by sector, % to NAV. "Other" covers debt, cash and other non-equity instruments, plus any equity holding without a classified sector.
Equity holdings compared between the fund's two latest monthly disclosures. Weights are % to NAV; weight moves can also reflect price changes, not only buying or selling.
| Stock | Weight | Change |
|---|---|---|
| HDFC Bank Limited | 7.61% → 10.18% | ▲ +2.57 |
| Angel One Limited | 0.64% → 2.19% | ▲ +1.55 |
| Piramal Finance Limited | 0.28% → 1.66% | ▲ +1.38 |
| Kotak Mahindra Bank Limited | 3.1% → 4.34% | ▲ +1.24 |
| 360 ONE WAM LIMITED | 0.98% → 1.85% | ▲ +0.87 |
| Ujjivan Small Finance Bank Limited | 3.58% → 4.28% | ▲ +0.7 |
| Bandhan Bank Limited | 1.61% → 1.88% | ▲ +0.27 |
| One 97 Communications Limited | 3.18% → 3.34% | ▲ +0.16 |
| SBI Life Insurance Company Limited | 2.73% → 2.86% | ▲ +0.13 |
| Stock | Weight | Change |
|---|---|---|
| PB Fintech Limited | 2.71% → 1.65% | ▼ -1.06 |
| Cholamandalam Investment and Finance Company Limited | 2.16% → 1.17% | ▼ -0.99 |
| L&T Finance Limited | 1.78% → 0.94% | ▼ -0.84 |
| Tata Capital Limited | 1.52% → 0.71% | ▼ -0.81 |
| Multi Commodity Exchange of India Limited | 5.29% → 4.95% | ▼ -0.34 |
| ICICI Bank Limited | 12.18% → 11.88% | ▼ -0.3 |
| Shriram Finance Limited | 5.18% → 4.92% | ▼ -0.26 |
| Max Financial Services Limited | 2.76% → 2.59% | ▼ -0.17 |
| State Bank of India | 5.55% → 5.39% | ▼ -0.16 |
| Bajaj Finance Limited | 4.66% → 4.54% | ▼ -0.12 |
% to NAV of the fund's current top holdings over its last 6 monthly disclosures (Mar – Sept 2026).
| # | Holding | Sector | % to NAV |
|---|---|---|---|
| 1 | ICICI Bank Limited | Financial Services | 11.88% |
| 2 | HDFC Bank Limited | Financial Services | 10.18% |
| 3 | Axis Bank Limited | Financial Services | 7.5% |
| 4 | State Bank of India | Financial Services | 5.39% |
| 5 | Multi Commodity Exchange of India Limited | Financial Services | 4.95% |
| 6 | Shriram Finance Limited | Financial Services | 4.92% |
| 7 | Bajaj Finance Limited | Financial Services | 4.54% |
| 8 | Kotak Mahindra Bank Limited | Financial Services | 4.34% |
| 9 | Ujjivan Small Finance Bank Limited | Financial Services | 4.28% |
| 10 | Aditya Birla Capital Limited | Financial Services | 3.79% |
| 11 | One 97 Communications Limited | Financial Services | 3.34% |
| 12 | Nippon Life India Asset Management Limited | Financial Services | 2.89% |
| 13 | Karur Vysya Bank Limited | Financial Services | 2.86% |
| 14 | SBI Life Insurance Company Limited | Financial Services | 2.86% |
| 15 | Max Financial Services Limited | Financial Services | 2.59% |
| 16 | Triparty Repotreps | — | 2.47% |
| 17 | Angel One Limited | Financial Services | 2.19% |
| 18 | IndusInd Bank Limited | Financial Services | 2.05% |
| 19 | Bandhan Bank Limited | Financial Services | 1.88% |
| 20 | 360 ONE WAM LIMITED | Financial Services | 1.85% |
| 21 | Piramal Finance Limited | Financial Services | 1.66% |
| 22 | PB Fintech Limited | Financial Services | 1.65% |
| 23 | PNB Housing Finance Limited | Financial Services | 1.25% |
| 24 | Cholamandalam Investment and Finance Company Limited | Financial Services | 1.17% |
| 25 | Bank of Maharashtra | Financial Services | 1.07% |
| 26 | DCB Bank Limited | Financial Services | 1.04% |
| 27 | SBI FUNDS MANAGEMENT LTD | Financial Services | 1.03% |
| 28 | Union Bank of India | Financial Services | 0.96% |
| 29 | L&T Finance Limited | Financial Services | 0.94% |
| 30 | Bajaj Finserv Limited | Financial Services | 0.86% |
| 31 | Indian Bank | Financial Services | 0.85% |
| 32 | Tata Capital Limited | Financial Services | 0.71% |
| 33 | Net Receivables / (Payables)other | — | 0.09% |
| 34 | Margin placed with CCIL & ARCLother | — | 0.05% |
New to reading these? See How to Read a Mutual Fund's Monthly Portfolio Disclosure, or check terms like % to NAV in the glossary.
Source: Mahindra Manulife Mutual Fund's SEBI-mandated monthly portfolio disclosure, dated 30 September 2026. Data is for information only, not investment advice. Holdings may have changed since the disclosure date.