Mahindra Manulife Large & Mid Cap Fund Direct Growth
Equity
Direct
Large & Mid-Cap
NAV as on 24-01-2025
₹ 27.39
▲1.4%
1D
Inception Returns
22.2%
/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 ₹2564 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 & Mid Cap Fund Direct Growth has given a CAGR return of 22.22% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 12.55%, 15.74% and 22.27% respectively.
Holdings
Mahindra Manulife Large & Mid Cap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Tech, Industrial, Health, Consumer Defensive, Energy, Basic Materials, Utilities, Communication. Its top holdings are HDFC Bank Ltd, Reliance Industries Ltd, Persistent Systems Ltd, Divi's Laboratories Ltd, ICICI Bank 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
Absolute
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484 people have invested ₹ 34.4L in Mahindra Manulife Large & Mid Cap Fund Direct Growth in the last three months
INDmoney Rank for Mahindra Manulife Large & Mid Cap Fund Direct Growth
Powered by IND quant engine
IND ranking is not available for this fund.
5Y returns in the top 25% of the category
Beats FD returns for both 3Y & 5Y duration
No bad points found for this fund.
Mahindra Manulife Large & Mid Cap Fund Direct Growth Overview
| Expense ratio | 0.66% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹2564 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 (24-Jan-25)
Fund Distribution
as on (30-Nov-24)
Large cap
43.2%
Mid cap
34.8%
Small cap
13.7%
Sector Allocation
Financial Services
29.2%
Consumer Cyclical
14.6%
Tech
13.4%
Industrial
9.9%
Health
9.1%
Consumer Defensive
7.7%
Energy
6.6%
Basic Materials
5.4%
Utilities
2.6%
Communication
1.5%
All changes are between Sep'24 and 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 2.6K Cr as of Dec'24
- AUM increased by 26.3 Cr between Dec'24 and Nov'24
Top Stocks bought last month
HDFC Bank Ltd's allocation increased from 5.72% to 6.5%
ICICI Bank Ltd's allocation increased from 2.31% to 3%
Balrampur Chini Mills Ltd's allocation increased from 1.01% to 1.45%
Top Stocks sold last month
Reliance Industries Ltd's allocation decreased from 4.01 % to 3.85 %
Hindustan Unilever Ltd's allocation decreased from 2.72 % to 2.66 %
PI Industries Ltd's allocation decreased from 2.73 % to 2.45 %
Mid Cap allocation has gone down from 35% to 34.8%
Large Cap allocation has gone down from 45% to 43.2%
Small Cap allocation has gone up from 12.9% to 13.7%
Cash allocation has gone down from 3.1% to 2.3%
Top 3 Sectors in December were Financial Services, Consumer Cyclical & Tech
Dec'24
Financial Services
29%
Consumer Cyclical
15%
Tech
13%
Nov'24
Financial Services
30%
Consumer Cyclical
14%
Tech
12%
See all
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Manish Lodha
Fund Manager of Mahindra Manulife Large & Mid 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 15.9% growth in AUM moving from 2.21K Cr to 2.56K Cr.
In the last 3 years, Motilal Oswal Large and Midcap Fund Direct Growth has given 23.01% return, outperforming this fund by 7.27% per annum.
This fund has one of the lowest expense ratio in the category (large & mid-cap). Its expense ratio is 0.66% which is lower than the category average expense ratio of 1.2%.
In the last 1 year, Motilal Oswal Large and Midcap Fund Direct Growth has given 31.5% return, outperforming this fund by 18.95%.
In the last 5 years, Quant Large and Mid Cap Fund Growth Option Direct Plan has given 25.7% return, outperforming this fund by 3.43% per annum.
Mahindra Manulife Large & Mid 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 22.22% since inception which is more than its category average return of 15.08%
Fund Allocations
This fund has an allocation of 97.74% in Equity, 0% in Debt and 2.26% in Cash related instruments
AUM size ₹2564 Cr
This fund has AUM of ₹2564 Cr which is less than its category average of ₹ 7466 Cr
Expense Ratio 0.66%
This fund has an expense ratio of 0.66% which is less than its category average expense ratio of 1.38%
Frequently Asked Questions for Mahindra Manulife Large & Mid Cap Fund Direct Growth
The current NAV of Mahindra Manulife Large & Mid Cap Fund Direct Growth is ₹27.39 as on 24-Jan-2025.
Existing (Absolute + CAGR) as on 24-Jan-2025.
Mahindra Manulife Large & Mid Cap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -4.37% | -4.37% |
6 Month Returns | -5.72% | -5.72% |
1 Year Returns | 12.55% | 12.55% |
3 Years Returns | 55.03% | 15.74% |
5 Years Returns | 173.26% | 22.27% |
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 December 2024
₹2564 Cr as on December 2024
HDFC Bank Ltd(7.22%), Reliance Industries Ltd(4.22%), Persistent Systems Ltd(3.17%), Divi's Laboratories Ltd(3.06%), ICICI Bank Ltd(2.92%) as on December 2024
Financial Services(28.52%), Consumer Cyclical(14.31%), Tech(13.08%) as on December 2024
The alpha ratio for the Mahindra Manulife Large & Mid Cap Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Mahindra Manulife Large & Mid Cap Fund Direct Growth | 1.98 | 1.03 | - |
As on December 2024
The alpha for Mahindra Manulife Large & Mid Cap Fund Direct Growth is calculated against S&P BSE 200 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 & Mid Cap Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Mahindra Manulife Large & Mid Cap Fund Direct Growth | 0.8 | 0.92 | - |
As on December 2024
The Beta for Mahindra Manulife Large & Mid Cap Fund Direct Growth is calculated with S&P BSE 200 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 & Mid 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 & Mid Cap Fund Direct Growth | 1.03 | 0.87 | - |
As on December 2024
The sharpe ratio for Mahindra Manulife Large & Mid Cap Fund Direct Growth is calculated with S&P BSE 200 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 & Mid 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 & Mid Cap Fund Direct Growth | 10.48 | 13.5 | - |
As on December 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 1.51 as on December 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.06 as on December 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Manish Lodha is the fund manager of Mahindra Manulife Large & Mid Cap Fund Direct Growth
The Exit load of Mahindra Manulife Large & Mid Cap Fund Direct Growth is 1%