International captains Babar Azam from Pakistan, Kraigg Brathwaite of West Indies and Australia's Pat Cummins have been shortlisted for the ICC men's Player of the Month award following their outstanding individual performances in March.
Apart from Shreyas, UAE batter Vriitya Aravind and Nepal's Dipendra Sing Airee were nominated for the month.
For the women's award, England skipper Heather Knight beat off competition from Sri Lanka captain Chamari Athapaththu and West Indies star Deandra Dottin to clinch the honour.
While Petersen was named Player of the Series for his sensational performance during the home Test rubber against India, Brevis took the U-19 World Cup by storm, scoring 506 runs in six innings at an average of 84.33.
The 27-year-old Azam, who clinched the ICC ODI Cricketer of 2021 award, scored 405 runs in six games at an average of 67.50 in 2021.
Mandhana was short-listed for the top award -- the Rachael Heyhoe Flint Trophy -- along with Tammy Beaumont of England, Lizelle Lee of South Africa and Gaby Lewis of Ireland, the ICC said in a statement.
The 27-year-old was the second-highest run-scorer with 228 runs and was the Player of the Match in both of Pakistan's wins in the 2-1 series victory against South Africa.
Aggregating a staggering 1,326 runs in only 29 matches, Rizwan struck at an average of 73.66 and a strike-rate of 134.89.
The left-arm spinner was nominated for the award alongside India opener Mayank Agarwal and Australian pacer Mitchell Starc but beat them to it on the back of his incredibly rare feat.
The 35-year-old from Chennai snapped 52 wickets from eight Tests at an average of 16.23 and also contributed 337 runs with the bat at 28.08 with one century in the last one year.
The nominations for the month of November were announced based on performances across formats and including matches from the ICC Men's T20 World Cup in the United Arab Emirates and Oman.
In the women's category Ireland all-rounder Laura Delany and batter Gaby Lewis made the cut along with Zimbabwe captain and all-rounder Mary-Anne Musonda.
Bumrah, who has been exceptional with his fast bowling against England, took nine wickets in the first Test.
England spinner Sophie Ecclestone edged out India's Shafali Verma and Sneh Rana to become the ICC Player of the Month for June, while Kiwi opener Devon Conway bagged the honour in the men's category.
Mushfiqur played one Test and three ODIs against Sri Lanka in the month of May, where he helped Bangladesh win their first ODI series against Sri Lanka by scoring 125 in the second game.
Azam won the award for his consistent and outstanding performances across all formats in the recently concluded series against South Africa and was chosen as the April winner by fans and the ICC voting academy.
The 31-year-old Indian took six wickets with an economy rate of 4.65 in the three ODIs, while capturing four wickets with a fantastic economy rate of 6.38 in the five T20Is
Punam Raut also earns ICC women's player of the month nomination after a strong show in the India-South Africa series.
The International Cricket Council's official social media profile took to Twitter to announce the recipient.
Among women cricketers, Pakistan Diana Baig and the South African duo of Shabnim Ismail and Marizanne Kapp were nominated for the monthly honours.
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