Mahindra Manulife Equity Savings Fund vs Nippon India Equity Savings Fund (Existing number of Segregated Portfolios - 2)
Mahindra Manulife Equity Savings Fund and Nippon India Equity Savings Fund (Existing number of Segregated Portfolios - 2) are both Equity Savings funds. As of 5 Nov 2026 (Direct plan, Growth option): 3-year CAGR +9.86% vs +7.09%, 5-year CAGR +8.33% vs +6.68%, volatility 5.44% vs 3.98%, maximum drawdown −20.46% vs −31.72%. Their portfolios overlap by 34.5% (28 stocks held by both).
Showing the Direct plan, Growth option. Portfolio, sector and market-cap figures are the same for every plan and option of a fund.
Key facts
| Mahindra Manulife Equity Savings | Nippon India Equity Savings Fund (Existing number of Segregated Portfolios - 2) | |
|---|---|---|
| Fund house | Mahindra Manulife Mutual Fund | Nippon India Mutual Fund |
| Compared as | Equity Savings | Equity Savings |
| NAV | ₹25.9237 | ₹18.3458 |
| NAV date | 5 Nov 2026 | 5 Nov 2026 |
| Launched (first NAV) | 8 Feb 2017 | 4 Jun 2015 |
| Track record | 9.7 yrs | 11.4 yrs |
| Fund size (AUM) | ₹690 Cr | ₹744 Cr |
| Securities held | 88 | 66 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| Mahindra Manulife Equity Savings | Nippon India Equity Savings Fund (Existing number of Segregated Portfolios - 2) | |
|---|---|---|
| 1 month | +1.70% | +1.64% |
| 3 months | +0.73% | −0.52% |
| 6 months | +3.34% | +0.87% |
| 1 year | +4.74% | +2.48% |
| 3 years (CAGR) | +9.86% | +7.09% |
| 5 years (CAGR) | +8.33% | +6.68% |
| 7 years (CAGR) | +11.20% | +5.85% |
| 10 years (CAGR) | — | +5.28% |
| Since launch (CAGR) | +10.20% | +5.44% |
| SIP return (XIRR, 5 years) ⓘ | +9.05% | +6.59% |
Up to one year: absolute return. Beyond one year: CAGR. Computed from each fund's own NAV history (AMFI), measured to the latest NAV.
Calendar-year returns
| Mahindra Manulife Equity Savings | Nippon India Equity Savings Fund (Existing number of Segregated Portfolios - 2) | |
|---|---|---|
| 2026 (year to date) | +3.97% | +1.16% |
| 2025 | +8.90% | +7.32% |
| 2024 | +10.14% | +9.06% |
| 2023 | +16.60% | +13.33% |
| 2022 | +4.24% | +4.38% |
| 2021 | +18.36% | +12.43% |
Risk
| Mahindra Manulife Equity Savings | Nippon India Equity Savings Fund (Existing number of Segregated Portfolios - 2) | |
|---|---|---|
| Volatility (annualised) ⓘ | 5.44% | 3.98% |
| Downside volatility ⓘ | 3.71% | 3.04% |
| Sharpe ratio ⓘ | 0.62 | 0.15 |
| Sortino ratio ⓘ | 0.91 | 0.20 |
| Maximum drawdown ⓘ | −20.46% | −31.72% |
| Recovery from that fall | 5 months | 30 months |
| Current fall from peak | 0.00% | −1.05% |
| Rolling 1-year return: worst | −12.64% | −30.88% |
| Rolling 1-year return: median | +8.52% | +6.75% |
| Rolling 1-year return: best | +48.61% | +32.77% |
| Share of 1-year periods with a loss | 7.24% | 18.09% |
Against each fund's benchmark
| Mahindra Manulife Equity Savings | Nippon India Equity Savings Fund (Existing number of Segregated Portfolios - 2) | |
|---|---|---|
| Beta ⓘ | 0.36 | 0.26 |
| Alpha (Jensen's, annualised) ⓘ | +1.56% | −0.81% |
| R² ⓘ | 92.09 | 93.16 |
| Upside capture | 52.46% | 37.98% |
| Downside capture | 24.20% | 18.55% |
| Tracking error | 9.61% | 11.04% |
| Information ratio | 0.08 | -0.18 |
| Treynor ratio | 7.67 | 0.00 |
Portfolio
Asset mix
| Mahindra Manulife Equity Savings | Nippon India Equity Savings Fund (Existing number of Segregated Portfolios - 2) | |
|---|---|---|
| Equity | 62.24% | 67.19% |
| Debt | 29.09% | 18.22% |
| Cash & equivalents | 4.01% | 2.06% |
| REITs / InvITs | 3.61% | 12.53% |
| Mutual Fund Units | 1.04% | 0.00% |
Market-cap split (share of fund assets)
| Mahindra Manulife Equity Savings | Nippon India Equity Savings Fund (Existing number of Segregated Portfolios - 2) | |
|---|---|---|
| Large Cap | 51.27% | 61.27% |
| Mid Cap | 3.95% | 5.92% |
| Small Cap | 6.34% | 0.00% |
| Unclassified | 0.68% | 0.00% |
Concentration
| Mahindra Manulife Equity Savings | Nippon India Equity Savings Fund (Existing number of Segregated Portfolios - 2) | |
|---|---|---|
| Top 10 holdings | 40.34% | 49.98% |
| Effective number of stocks ⓘ | 41.8 | 28.9 |
| Securities held | 88 | 66 |
Portfolio overlap: 34.5%
28 companies are held by both funds; by weight, 34.5% of the two portfolios is the same. That is a moderate overlap.
| Held by both | Mahindra Manulife Equity Savings | Nippon India Equity Savings Fund (Existing number of Segregated Portfolios - 2) |
|---|---|---|
| HDFC Bank Limited | 6.04% | 7.32% |
| ICICI Bank Limited | 5.87% | 8.29% |
| Reliance Industries Limited | 5.40% | 5.25% |
| Mahindra & Mahindra Limited | 2.30% | 5.99% |
| Brookfield India Real Estate Trust | 1.63% | 3.28% |
| Kotak Mahindra Bank Limited | 1.56% | 5.14% |
| Sun Pharmaceutical Industries Limited | 3.30% | 1.44% |
| Bharti Airtel Limited | 1.25% | 4.77% |
| Larsen & Toubro Limited | 1.74% | 1.16% |
| State Bank of India | 0.97% | 1.37% |
| Nexus Select Trust - REIT | 0.84% | 2.70% |
| Axis Bank Limited | 0.73% | 3.16% |
| Jindal Steel Limited | 1.63% | 0.60% |
| Eternal Limited | 0.56% | 0.82% |
| Bajaj Finance Limited | 4.79% | 0.52% |
Top 10 holdings
Mahindra Manulife Equity Savings
- HDFC Bank Limited6.04%
- ICICI Bank Limited5.87%
- Reliance Industries Limited5.40%
- Bajaj Finance Limited4.79%
- Bharti Telecom Limited3.77%
- Ambuja Cements Ltd.3.73%
- Sun Pharmaceutical Industries Limited3.30%
- 364 Days - T Bill - 20/05/20272.78%
- Bajaj Housing Finance Ltd.2.36%
- Mahindra & Mahindra Limited2.30%
Nippon India Equity Savings Fund (Existing number of Segregated Portfolios - 2)
- ICICI Bank Limited8.29%
- HDFC Bank Limited7.32%
- Mahindra & Mahindra Limited5.99%
- Reliance Industries Limited5.25%
- Kotak Mahindra Bank Limited5.14%
- Bharti Airtel Limited4.77%
- 7.32% Government of India3.41%
- Ashok Leyland Limited3.37%
- Brookfield India Real Estate Trust3.28%
- Axis Bank Limited3.16%
Sector exposure
| Mahindra Manulife Equity Savings | Nippon India Equity Savings Fund (Existing number of Segregated Portfolios - 2) | |
|---|---|---|
| Banks | 17.63% | 26.07% |
| CRISIL AAA | 15.18% | 2.02% |
| Realty | 3.61% | 11.22% |
| Sovereign | 6.59% | 8.84% |
| Automobiles | 3.02% | 6.72% |
| Finance | 5.68% | 1.13% |
| Petroleum Products | 5.48% | 5.25% |
| Pharmaceuticals & Biotechnology | 5.45% | 1.44% |
| Telecom - Services | 1.25% | 4.77% |
| Cement & Cement Products | 4.61% | 0.64% |
| Agricultural, Commercial & Construction Vehicles | 0.33% | 3.37% |
| Power | 1.09% | 3.34% |
| CRISIL AA+ | 2.02% | 2.70% |
| SOVEREIGN | 0.47% | 2.70% |
Questions people ask
What is the difference between Mahindra Manulife Equity Savings and Nippon India Equity Savings Fund (Existing number of Segregated Portfolios - 2) returns?
As of 5 Nov 2026, Direct plan Growth option: 1-year return +4.74% vs +2.48%; 3-year CAGR +9.86% vs +7.09%; 5-year CAGR +8.33% vs +6.68%; 10-year CAGR — vs +5.28%. Past returns do not indicate future returns.
How do Mahindra Manulife Equity Savings and Nippon India Equity Savings Fund (Existing number of Segregated Portfolios - 2) compare on risk?
Volatility (36 monthly returns, annualised) 5.44% vs 3.98%; Sharpe ratio 0.62 vs 0.15; Sortino ratio 0.91 vs 0.20; maximum drawdown −20.46% vs −31.72%; beta 0.36 vs 0.26.
How much do Mahindra Manulife Equity Savings and Nippon India Equity Savings Fund (Existing number of Segregated Portfolios - 2) overlap?
By weight, 34.5% of the two portfolios is invested in the same companies; 28 stocks are held by both, the largest shared positions being HDFC Bank Limited, ICICI Bank Limited, Reliance Industries Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of Mahindra Manulife Equity Savings and Nippon India Equity Savings Fund (Existing number of Segregated Portfolios - 2)?
Mahindra Manulife Equity Savings: large cap 51.3%, mid cap 4.0%, small cap 6.3%. Nippon India Equity Savings Fund (Existing number of Segregated Portfolios - 2): large cap 61.3%, mid cap 5.9%, small cap 0.0% (share of the fund's assets, from its latest disclosed portfolio).
Is this a recommendation to choose one of these funds?
No. This page places the published figures of both funds side by side. It does not rank, rate or recommend either fund; which one suits an investor depends on their goals, horizon and risk tolerance.
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Sources: NAV from AMFI; returns, risk and ratios computed by MF Analyser from each fund's NAV history (risk on 36 monthly returns, risk-free rate 6.5%); benchmark ratios against each fund's benchmark total-return index; portfolios from each fund house's monthly disclosure. Returns and ratios as of 5 Nov 2026. IDCW options show no return or risk figures because payouts reduce the NAV and AMFI's file carries no payout history to add back. This page compares published figures only — it does not rank, rate or recommend either fund. Past performance does not indicate future returns; mutual fund investments are subject to market risks.