Mahindra Manulife Large Cap Fund Direct Growth
Equity
Direct
Large-Cap
NAV as on 20-12-2024
₹ 24.32
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 ₹595 Cr worth of assets under management (AUM) as on Nov 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 16.65% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 18.79%, 15.44% and 17.15% respectively.
Holdings
Mahindra Manulife Large Cap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Tech, Consumer Cyclical, Consumer Defensive, Industrial, Energy, Basic Materials, Health, Communication, Utilities. 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
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210 people have invested ₹ 6.7L 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
No bad points found for this fund.
Mahindra Manulife Large Cap Fund Direct Growth Overview
| Expense ratio | 0.66% |
Benchmark | S&P BSE 100 India TR INR |
| AUM | ₹595 Cr |
| Inception Date | 19 March, 2019 |
| Min Lumpsum/SIP | ₹1000/₹500 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 87.12% |
| 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 (20-Dec-24)
Fund Distribution
as on (30-Nov-24)
Large cap
83.9%
Mid cap
9.1%
Small cap
3.9%
Sector Allocation
Financial Services
34.5%
Tech
10.5%
Consumer Cyclical
10.3%
Consumer Defensive
9.8%
Industrial
8.6%
Energy
8.2%
Basic Materials
6.2%
Health
5%
Communication
4.1%
Utilities
2.9%
All changes are between Sep'24 and Nov'24
- This fund’s returns stands at 0.68% whereas the fund’s underlying benchmark Nifty 100 returns stands at -0.52% as on Nov'24
- This fund outperformed Nifty 100 by 1.20% in Nov'24
- AUM of the fund stands at 595 Cr as of Nov'24
- AUM increased by 18.2 Cr between Nov'24 and Oct'24
Top Stocks bought last month
Pidilite Industries Ltd's allocation increased from 0.38% to 1.38%
Infosys Ltd's allocation increased from 5.53% to 6.24%
Bharti Airtel Ltd's allocation increased from 3.35% to 3.97%
Top Stocks sold last month
HDFC Bank Ltd's allocation decreased from 9.36 % to 9.09 %
ICICI Bank Ltd's allocation decreased from 8.91 % to 8.69 %
Reliance Industries Ltd's allocation decreased from 6.91 % to 6.5 %
Mid Cap allocation has gone down from 9.2% to 9.1%
Large Cap allocation has gone up from 81.8% to 83.9%
Small Cap allocation has gone up from 3.8% to 3.9%
Cash allocation has gone down from 5.3% to 3.2%
Top 3 Sectors in November were Financial Services, Tech & Consumer Cyclical
Nov'24
Financial Services
34%
Tech
10%
Consumer Cyclical
10%
Oct'24
Financial Services
35%
Tech
10%
Consumer Cyclical
10%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 9.09% | -3.2% | |
 ICICI Bank Ltd | 8.69% | 0% | |
 Reliance Industries Ltd | 6.5% | 0% | |
 Infosys Ltd | 6.24% | 10.2% | |
 Larsen & Toubro Ltd | 4.8% | 0% |
See all
See all
Top Growth Drivers | 1M Return |
|---|---|
 Infosys Ltd | 6.1% |
 Tata Consultancy Services Ltd | 4.9% |
 HDFC Bank Ltd | 3% |
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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
₹29.11K Cr
as on 29-Nov-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
Over the last 6 months, this fund has experienced a 26.3% growth in AUM moving from 470.94 Cr to 594.99 Cr.
In the last 3 years, Nippon India Large Cap Fund - Direct Plan - Growth Plan has given 23.07% return, outperforming this fund by 7.63% per annum.
In the last 5 years, Nippon India Large Cap Fund - Direct Plan - Growth Plan has given 20.34% return, outperforming this fund by 3.19% per annum.
In the last 1 year, Baroda BNP Paribas Large Cap Fund Direct Plan Growth Option has given 25.23% return, outperforming this fund by 6.44%.
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 16.65% since inception which is more than its category average return of 13.28%
Fund Allocations
This fund has an allocation of 96.84% in Equity, 0% in Debt and 3.16% in Cash related instruments
AUM size ₹595 Cr
This fund has AUM of ₹595 Cr which is less than its category average of ₹ 7030 Cr
Expense Ratio 0.66%
This fund has an expense ratio of 0.66% 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 ₹24.32 as on 20-Dec-2024.
Existing (Absolute + CAGR) as on 20-Dec-2024.
Mahindra Manulife Large Cap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.84% | 0.84% |
6 Month Returns | 0.22% | 0.22% |
1 Year Returns | 18.79% | 18.79% |
3 Years Returns | 53.84% | 15.44% |
5 Years Returns | 120.67% | 17.15% |
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.
0.66% as on November 2024
₹595 Cr as on November 2024
HDFC Bank Ltd(9.09%), ICICI Bank Ltd(8.69%), Reliance Industries Ltd(6.5%), Infosys Ltd(6.24%), Larsen & Toubro Ltd(4.8%) as on November 2024
Financial Services(33.4%), Tech(10.12%), Consumer Cyclical(9.98%) as on November 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 | 1.74 | 1.56 | 1.64 |
As on November 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 | 0.99 | 0.92 | 0.92 |
As on November 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 | 1.4 | 0.75 | 0.73 |
As on November 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 | 13.03 | 12.53 | 17.56 |
As on November 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 1.25 as on November 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.39 as on November 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%