Mahindra Manulife Large Cap Fund Direct Growth
Equity
Direct
Large-Cap
NAV as on 19-11-2024
₹ 24.11
▲0.3%
1D
Inception Returns
16.7%
/yr
About Mahindra Manulife Large Cap Fund Direct Growth
Mahindra Manulife Large Cap Fund Direct Growth is an equity fund. This fund was started on 19 March, 2019. The fund is managed by Fatema Pacha. The fund could potentially beat inflation in the long-run.
Key Parameters
- Mahindra Manulife Large Cap Fund Direct Growth has ₹577 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
- The fund has an expense ratio 0.7.
Returns
Mahindra Manulife Large Cap Fund Direct Growth has given a CAGR return of 16.75% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 25.38%, 12.63% and 17.34% respectively.
Holdings
Mahindra Manulife Large Cap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Tech, Consumer Cyclical, Consumer Defensive, Energy, Industrial, Basic Materials, Health, Utilities, Communication. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Reliance Industries Ltd, Infosys Ltd, Larsen & Toubro Ltd
Taxation
As it is a large-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 Cap Fund Direct Growth
The investment objective of the Scheme is to provide long term capital appreciation & provide long-term growth opportunities by investing in a portfolio constituted of equity & equity related securities and derivatives predominantly in large cap companies. 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 Cap Fund Direct Growth has no lock in period.
Historical NAV & Returns
Annualised
▲
▼
219 people have invested ₹ 7.2L in Mahindra Manulife Large Cap Fund Direct Growth in the last three months
INDmoney Rank for Mahindra Manulife Large Cap Fund Direct Growth
Powered by IND quant engine
IND ranking is not available for this fund.
Beats FD returns for both 3Y & 5Y duration
3Y returns in the bottom 25% of the category
Mahindra Manulife Large Cap Fund Direct Growth Overview
| Expense ratio | 0.67% |
Benchmark | S&P BSE 100 India TR INR |
| AUM | ₹577 Cr |
| Inception Date | 19 March, 2019 |
| Min Lumpsum/SIP | ₹1000/₹500 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 87.12% |
| 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
81.8%
Mid cap
9.2%
Small cap
3.8%
Sector Allocation
Financial Services
35.3%
Tech
10.2%
Consumer Cyclical
10.2%
Consumer Defensive
9.6%
Energy
9.3%
Industrial
7.7%
Basic Materials
4.9%
Health
4.8%
Utilities
4.5%
Communication
3.5%
All changes are between Aug'24 and Oct'24
- This fund’s returns stands at -6.34% whereas the fund’s underlying benchmark Nifty 100 returns stands at -6.79% as on Oct'24
- This fund outperformed Nifty 100 by 0.45% in Oct'24
- AUM of the fund stands at 576.8 Cr as of Oct'24
- AUM decreased by 19.4 Cr between Oct'24 and Sep'24
Top Stocks bought last month
ICICI Bank Ltd's allocation increased from 6.74% to 8.91%
Axis Bank Ltd's allocation increased from 3.45% to 4.02%
Karur Vysya Bank Ltd's allocation increased from 1.03% to 1.57%
Top Stocks sold last month
Reliance Industries Ltd's allocation decreased from 7.41 % to 6.91 %
Infosys Ltd's allocation decreased from 5.71 % to 5.53 %
Tata Consultancy Services Ltd's allocation decreased from 3.94 % to 2.7 %
Mid Cap allocation has gone down from 9.7% to 9.2%
Large Cap allocation has gone down from 82.2% to 81.8%
Small Cap allocation has gone up from 3.4% to 3.8%
Cash allocation has gone up from 4.8% to 5.3%
Top 3 Sectors in October were Financial Services, Consumer Defensive & Tech
Oct'24
Financial Services
35%
Tech
10%
Consumer Cyclical
10%
Sep'24
Financial Services
31%
Consumer Defensive
13%
Tech
12%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 9.36% | 0% | |
 ICICI Bank Ltd | 8.91% | 26% | |
 Reliance Industries Ltd | 6.91% | 0% | |
 Infosys Ltd | 5.53% | 0% | |
 Larsen & Toubro Ltd | 4.82% | 0% |
See all
See all
Top Losers | 1M Return |
|---|---|
 Havells India Ltd | -9.9% |
 Reliance Industries Ltd | -9.3% |
 Infosys Ltd | -1.5% |
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Fatema Pacha
Fund Manager of Mahindra Manulife Large Cap Fund Direct Growth, since 21 December 2020
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
Mutual Fund Insights
In the last 3 years, Nippon India Large Cap Fund - Direct Plan - Growth Plan has given 19.46% return, outperforming this fund by 6.83% per annum.
Over the last 6 months, this fund has experienced a 28.6% growth in AUM moving from 448.64 Cr to 576.81 Cr.
In the last 1 year, DSP Top 100 Equity Fund Direct Plan Growth has given 32.14% return, outperforming this fund by 6.76%.
In the last 5 years, Nippon India Large Cap Fund - Direct Plan - Growth Plan has given 20.27% return, outperforming this fund by 2.92% per annum.
Mahindra Manulife Large 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 16.75% since inception which is more than its category average return of 13.22%
Fund Allocations
This fund has an allocation of 94.74% in Equity, 0% in Debt and 5.26% in Cash related instruments
AUM size ₹577 Cr
This fund has AUM of ₹577 Cr which is less than its category average of ₹ 6986 Cr
Expense Ratio 0.67%
This fund has an expense ratio of 0.67% which is less than its category average expense ratio of 1.3%
Frequently Asked Questions for Mahindra Manulife Large Cap Fund Direct Growth
The current NAV of Mahindra Manulife Large Cap Fund Direct Growth is ₹24.11 as on 19-Nov-2024.
Existing (Absolute + CAGR) as on 19-Nov-2024.
Mahindra Manulife Large Cap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -5.01% | -5.01% |
6 Month Returns | 4.94% | 4.94% |
1 Year Returns | 25.38% | 25.38% |
3 Years Returns | 42.87% | 12.63% |
5 Years Returns | 122.49% | 17.34% |
With INDmoney, the process of investing is very simple and involves zero commission.
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0.67% as on October 2024
₹577 Cr as on October 2024
HDFC Bank Ltd(9.36%), ICICI Bank Ltd(8.91%), Reliance Industries Ltd(6.91%), Infosys Ltd(5.53%), Larsen & Toubro Ltd(4.82%) as on October 2024
Financial Services(33.48%), Tech(9.68%), Consumer Cyclical(9.67%) as on October 2024
The alpha ratio for the Mahindra Manulife Large Cap Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Mahindra Manulife Large Cap Fund Direct Growth | 0.77 | 0.89 | 1.28 |
As on October 2024
The alpha for Mahindra Manulife Large Cap Fund Direct Growth is calculated against S&P BSE 100 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 Large Cap Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Mahindra Manulife Large Cap Fund Direct Growth | 0.98 | 0.94 | 0.92 |
As on October 2024
The Beta for Mahindra Manulife Large Cap Fund Direct Growth is calculated with S&P BSE 100 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 Large 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 Large Cap Fund Direct Growth | 1.73 | 0.61 | 0.73 |
As on October 2024
The sharpe ratio for Mahindra Manulife Large Cap Fund Direct Growth is calculated with S&P BSE 100 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 Large 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 Large Cap Fund Direct Growth | 13.38 | 12.92 | 17.56 |
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 0.99 as on October 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.18 as on October 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Fatema Pacha is the fund manager of Mahindra Manulife Large Cap Fund Direct Growth
The Exit load of Mahindra Manulife Large Cap Fund Direct Growth is 1%