Mahindra Manulife Flexi Cap Fund Direct Growth
Equity
Direct
Flexi Cap
NAV as on 19-11-2024
₹ 16.21
▲0.5%
1D
Inception Returns
16%
/yr
About Mahindra Manulife Flexi Cap Fund Direct Growth
Mahindra Manulife Flexi Cap Fund Direct Growth is an equity fund. This fund was started on 23 August, 2021. The fund is managed by Fatema Pacha, Manish Lodha. The fund could potentially beat inflation in the long-run.
Key Parameters
- Mahindra Manulife Flexi Cap Fund Direct Growth has ₹1435 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
- The fund has an expense ratio 0.4.
Returns
Mahindra Manulife Flexi Cap Fund Direct Growth has given a CAGR return of 16.05% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 25.06% and 16.16% respectively.
Holdings
Mahindra Manulife Flexi Cap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Tech, Consumer Cyclical, Basic Materials, Energy, Consumer Defensive, Health, Communication, Utilities. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Infosys Ltd, Reliance Industries Ltd, Larsen & Toubro Ltd
Taxation
As it is a flexi cap mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of Mahindra Manulife Flexi Cap Fund Direct Growth
The investment objective of the Scheme is to generate long term capital appreciation by investing in a diversified portfolio of equity and equity-related securities across market capitalization. However, there can be no assurance that the investment objective of the Scheme will be achieved.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 500.00. Mahindra Manulife Flexi Cap Fund Direct Growth has no lock in period.
Historical NAV & Returns
Annualised
▲
▼
264 people have invested ₹ 18.1L in Mahindra Manulife Flexi Cap Fund Direct Growth in the last three months
Mahindra Manulife Flexi Cap Fund Direct Growth Overview
| Expense ratio | 0.42% |
Benchmark | S&P BSE 500 India TR INR |
| AUM | ₹1435 Cr |
| Inception Date | 23 August, 2021 |
| Min Lumpsum/SIP | ₹1000/₹500 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 94.24% |
| STCG | Redeeming before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (19-Nov-24)
Fund Distribution
as on (31-Oct-24)
Large cap
62%
Small cap
22.4%
Mid cap
13.2%
Sector Allocation
Financial Services
31.3%
Industrial
18.8%
Tech
10%
Consumer Cyclical
9.6%
Basic Materials
9.3%
Energy
6.3%
Consumer Defensive
5.4%
Health
4.8%
Communication
2.7%
Utilities
1.8%
All changes are between Aug'24 and Oct'24
- This fund’s returns stands at -6.45% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
- This fund outperformed Nifty 500 by 0.07% in Oct'24
- AUM of the fund stands at 1.4K Cr as of Oct'24
- AUM decreased by 84.4 Cr between Oct'24 and Sep'24
Top Stocks bought last month
ICICI Bank Ltd's allocation increased from 6.98% to 7.82%
HDFC Bank Ltd's allocation increased from 8.86% to 9.4%
GHCL Ltd's allocation increased from 0.58% to 0.91%
Top Stocks sold last month
Infosys Ltd's allocation decreased from 6.32 % to 5.14 %
Reliance Industries Ltd's allocation decreased from 4.89 % to 4.67 %
Tata Consultancy Services Ltd's allocation decreased from 2.91 % to 2.81 %
Mid Cap allocation has gone down from 14.9% to 13.2%
Large Cap allocation has gone up from 61% to 62%
Small Cap allocation has gone up from 22% to 22.4%
Cash allocation has gone up from 1.8% to 2.1%
Top 3 Sectors in October were Financial Services, Industrial & Tech
Oct'24
Financial Services
31%
Industrial
19%
Tech
10%
Sep'24
Financial Services
28%
Industrial
19%
Tech
11%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 9.4% | 0% | |
 ICICI Bank Ltd | 7.82% | 4.2% | |
 Infosys Ltd | 5.14% | -18% | |
 Reliance Industries Ltd | 4.67% | 0% | |
 Larsen & Toubro Ltd | 3.75% | 0% |
See all
See all
Top Growth Drivers | 1M Return |
|---|---|
 Piramal Pharma Ltd | 9.9% |
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Fatema Pacha
Fund Manager of Mahindra Manulife Flexi Cap Fund Direct Growth, since 23 August 2021
Top funds managed
Manish Lodha
Fund Manager of Mahindra Manulife Flexi Cap Fund Direct Growth, since 23 August 2021
Top funds managed
Fund House
Mahindra Manulife Investment Management Pvt. Ltd.
Total Schemes
Total AUM
₹30.15K Cr
as on 31-Oct-2024
Address
1st Floor, Sadhana House, Behind Mahindra Tower,570 P. B. Marg, Worli, Mumbai 400018
Phone
022-66327900
Website
mfinvestors@mahindra.com
Mahindra Manulife Flexi Cap Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 16.05% since inception which is less than its category average return of 18.73%
Fund Allocations
This fund has an allocation of 97.91% in Equity, 0% in Debt and 2.09% in Cash related instruments
AUM size ₹1435 Cr
This fund has AUM of ₹1435 Cr which is less than its category average of ₹ 8754 Cr
Expense Ratio 0.42%
This fund has an expense ratio of 0.42% which is less than its category average expense ratio of 1.34%
Frequently Asked Questions for Mahindra Manulife Flexi Cap Fund Direct Growth
The current NAV of Mahindra Manulife Flexi Cap Fund Direct Growth is ₹16.21 as on 19-Nov-2024.
Existing (Absolute + CAGR) as on 19-Nov-2024.
Mahindra Manulife Flexi Cap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -5.78% | -5.78% |
6 Month Returns | 4.95% | 4.95% |
1 Year Returns | 25.06% | 25.06% |
3 Years Returns | 56.74% | 16.16% |
5 Years Returns | 0% | 0% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.42% as on October 2024
₹1435 Cr as on October 2024
HDFC Bank Ltd(9.4%), ICICI Bank Ltd(7.82%), Infosys Ltd(5.14%), Reliance Industries Ltd(4.67%), Larsen & Toubro Ltd(3.75%) as on October 2024
Financial Services(30.66%), Industrial(18.4%), Tech(9.79%) as on October 2024
The alpha ratio for the Mahindra Manulife Flexi Cap Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Mahindra Manulife Flexi Cap Fund Direct Growth | -1.58 | 1.96 | - |
As on October 2024
The alpha for Mahindra Manulife Flexi Cap Fund Direct Growth is calculated against S&P BSE 500 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Mahindra Manulife Flexi Cap Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Mahindra Manulife Flexi Cap Fund Direct Growth | 0.98 | 0.96 | - |
As on October 2024
The Beta for Mahindra Manulife Flexi Cap Fund Direct Growth is calculated with S&P BSE 500 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Mahindra Manulife Flexi Cap Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Mahindra Manulife Flexi Cap Fund Direct Growth | 1.73 | 0.84 | - |
As on October 2024
The sharpe ratio for Mahindra Manulife Flexi Cap Fund Direct Growth is calculated with S&P BSE 500 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Mahindra Manulife Flexi Cap Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Mahindra Manulife Flexi Cap Fund Direct Growth | 13.39 | 13.51 | - |
As on October 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 1.47 as on October 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.62 as on October 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Fatema Pacha, Manish Lodha are the fund managers of Mahindra Manulife Flexi Cap Fund Direct Growth
The Exit load of Mahindra Manulife Flexi Cap Fund Direct Growth is 1%