Mahindra Manulife Large & Mid Cap Fund Direct Growth
Equity
Direct
Large & Mid-Cap
NAV as on 26-12-2024
₹ 28.91
Inception Returns
23.7%
/yr
About Mahindra Manulife Large & Mid Cap Fund Direct Growth
Mahindra Manulife Large & Mid Cap Fund Direct Growth is an equity fund. This fund was started on 1 January, 2020. The fund is managed by Manish Lodha. The fund could potentially beat inflation in the long-run.
Key Parameters
- Mahindra Manulife Large & Mid Cap Fund Direct Growth has ₹2538 Cr worth of assets under management (AUM) as on Nov 2024 and is less than category average.
- The fund has an expense ratio 0.5.
Returns
Mahindra Manulife Large & Mid Cap Fund Direct Growth has given a CAGR return of 23.73% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 19.44% and 18.83% respectively.
Holdings
Mahindra Manulife Large & Mid Cap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Tech, Industrial, Consumer Defensive, Basic Materials, Health, Energy, Utilities, Communication. Its top holdings are HDFC Bank Ltd, Reliance Industries Ltd, ICICI Bank Ltd, Persistent Systems Ltd, Divi's Laboratories Ltd
Taxation
As it is a large & mid-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 Large & Mid Cap Fund Direct Growth
The investment objective of the Scheme is to seek long term capital growth through investments in equity and equity related securities of both large cap and mid cap stocks. 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 Large & Mid Cap Fund Direct Growth has no lock in period.
Historical NAV & Returns
Mahindra Manulife Large & Mid Cap Fund Direct Growth Overview
| Expense ratio | 0.45% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹2538 Cr |
| Inception Date | 1 January, 2020 |
| Min Lumpsum/SIP | ₹1000/₹500 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 136.03% |
| STCG | Selling mutual fund 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 (26-Dec-24)
Fund Distribution
as on (30-Nov-24)
- This fund’s returns stands at -0.52% whereas the fund’s underlying benchmark NIFTY 500 returns stands at -0.60% as on Nov'24
- This fund outperformed NIFTY 500 by 0.08% in Nov'24
- AUM of the fund stands at 2.5K Cr as of Nov'24
- AUM increased by 23.6 Cr between Nov'24 and Oct'24
Top 3 Sectors in November were Financial Services, Consumer Cyclical & Industrial
Top Growth Drivers | 1M Return |
|---|---|
 Indian Hotels Co Ltd | 8.1% |
 Persistent Systems Ltd | 7.3% |
Mahindra Manulife Large & Mid Cap Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹2538 Cr
Expense Ratio 0.45%
Frequently Asked Questions for Mahindra Manulife Large & Mid Cap Fund Direct Growth
Mahindra Manulife Large & Mid Cap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.09% | 1.09% |
6 Month Returns | 0.36% | 0.36% |
1 Year Returns | 19.44% | 19.44% |
3 Years Returns | 67.81% | 18.83% |
5 Years Returns | 0% | 0% |
- 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.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Mahindra Manulife Large & Mid Cap Fund Direct Growth | 1.57 | 0.88 | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Mahindra Manulife Large & Mid Cap Fund Direct Growth | 0.81 | 0.93 | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Mahindra Manulife Large & Mid Cap Fund Direct Growth | 1.49 | 0.94 | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Mahindra Manulife Large & Mid Cap Fund Direct Growth | 11.56 | 13.49 | - |