The Manulife India Equity Feeder Fund lets you invest in one of the world's fastest-growing major economies using Philippine pesos. Here's what it holds, who it suits, and how to invest through DragonFi.
It's an equity UITF structured as a feeder fund, which means it channels almost all of your money into a single larger fund focused on Indian stocks. India is one of the largest and fastest-growing economies in the world, and this fund gives you access to it in pesos. It is managed by Manulife.
What does it invest in?
Through its target fund, it invests at least 70% of its assets in equities of companies across the different sectors of the Indian economy. Its performance is measured against the MSCI India 10/40 Index.
What's the target fund?
At least 90% of the fund's assets are invested in the Manulife Global Fund, India Equity Fund, managed by Manulife Investment Management. As of mid-2026, its largest holdings included major Indian companies such as Reliance Industries, HDFC Bank, ICICI Bank, State Bank of India, and Bharti Airtel. For the current, full breakdown, see the fund's page in the DragonFi app.
Who is this fund for?
This fund may suit you if you:
- Believe in the long-term growth story of India
- Want to diversify into a fast-growing emerging market
- Are comfortable with the ups and downs of the stock market
- Are investing for the long term, ideally five years or more
What's the risk level?
This is an aggressive-risk fund, the highest of the three risk bands. As a stock fund focused on a single emerging market, its value can swing significantly, and because the underlying investments are in foreign currencies, exchange rate movements also affect your returns. In exchange, it offers high long-term growth potential. Returns are not guaranteed.
Can I hold this in a PERA or Regular account?
This fund is available through a Regular DragonFi account. It is not one of DragonFi's PERA-eligible funds.
What are the fees?
Like all UITFs, this fund charges a 1.75% per annum trust fee, already deducted from the fund before the daily price is calculated, so you don't pay it separately. Because it's a feeder fund, you also indirectly shoulder the small expenses of the underlying target fund. Fees can change over time, so for the exact current trust fee, check this fund's page in the DragonFi app.
What's the minimum investment?
You can start investing in this fund for as low as ₱1,000 on DragonFi, and you can add to it any time.
How do I invest in or add to this fund?
You can invest in or top up this fund directly in the DragonFi app in a few taps. For the full steps, the daily cut-off time, and how your buy-in price (NAVPU) is set, see the "How to invest in a fund" article by DragonFi. One thing to know about feeder funds: because the target fund is based overseas, your order may be priced with a slight delay compared with local funds.
How do I sell or redeem it?
You can redeem some or all of your investment in the app whenever you like, with no fixed lock-in period. Because this is a feeder fund, proceeds usually take a little longer to arrive than they would for a local fund, typically around six to seven banking days, since the money comes from the overseas target fund. For details, see the "How to sell or redeem a fund" article by DragonFi.
Where do I see the current NAVPU and returns?
The live price (NAVPU) and the latest returns are always shown on this fund's page in the DragonFi app. We don't list those figures here because they change every day, so the app is your most up-to-date source.
Good to know
- A long-term growth bet. India's young population and expanding economy are the main reasons investors hold this fund, but those rewards take time.
- Currency moves matter. Because the underlying stocks are in foreign currencies, exchange rates can affect your returns.
Access the fund page here:
Manulife India Equity Feeder Fund | DragonFi
This fund is not a deposit and is not insured by the Philippine Deposit Insurance Corporation (PDIC). Returns are not guaranteed. The fund's price (NAVPU) can rise and fall, so you may get back less than you invested, and past performance is not indicative of future results.