Historical NAV & Returns
Absolute
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5305 people have invested ₹ 2.7Cr in Mahindra Manulife Mid Cap Fund Direct Growth in the last three months
About Mahindra Manulife Mid Cap Fund Direct Growth
Mahindra Manulife Mid Cap Fund Direct Growth is an equity fund. This fund was started on 23 January, 2018. The fund is managed by Krishna Sanghavi, Manish Lodha. The fund could potentially beat inflation in the long-run.
Key Parameters
- Mahindra Manulife Mid Cap Fund Direct Growth has ₹3398 Cr worth of assets under management (AUM) as on Mar 2025 and is less than category average.
- The fund has an expense ratio 0.5.
Returns
Mahindra Manulife Mid Cap Fund Direct Growth has given a CAGR return of 18.83% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 11.20%, 22.49% and 32.79% respectively.
Holdings
Mahindra Manulife Mid Cap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Industrial, Health, Consumer Defensive, Basic Materials, Tech, Energy, Communication, Utilities, Real Estate. Its top holdings are Max Healthcare Institute Ltd Ordinary Shares, State Bank of India, Indian Bank, Voltas Ltd, ICICI Bank Ltd
Taxation
As it is a mid-cap mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 20%For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefitDividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.
Investment objective of Mahindra Manulife Mid Cap Fund Direct Growth
The investment objective of the Scheme is to seek to generate long term capital appreciation & provide long-term growth opportunities by investing in a portfolio constituted of equity & equity related securities and derivatives predominantly in mid 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 Mid Cap Fund Direct Growth has no lock in period.
Mahindra Manulife Mid Cap Fund Direct Growth Overview
| Expense ratio | 0.48% |
Benchmark | Nifty Midcap 150 TR INR |
| AUM | ₹3398 Cr |
| Inception Date | 23 January, 2018 |
| Min Lumpsum/SIP | ₹1000/₹500 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 98.77% |
| 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 |
INDmoney Rank for Mahindra Manulife 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.
Trailing Returns
as on (21-Apr-25)
Fund Distribution
as on (31-Mar-25)
Mid cap
66.1%
Large cap
16%
Small cap
9.5%
Sector Allocation
Financial Services
21.6%
Consumer Cyclical
15.4%
Industrial
14.3%
Health
11.5%
Consumer Defensive
9.6%
Basic Materials
8.8%
Tech
7.1%
Energy
4.9%
Communication
3.5%
Utilities
2.6%
Real Estate
0.8%
All changes are between Jan'25 and Mar'25
- This fund’s returns stands at 8.49% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at 7.55% as on Mar'25
- This fund outperformed Nifty Midcap 150 by 0.95% in Mar'25
- AUM of the fund stands at 3.4K Cr as of Mar'25
- AUM increased by 330.8 Cr between Mar'25 and Feb'25
Top Stocks bought last month
Tube Investments of India Ltd Ordinary Shares's allocation increased from 0.75% to 1.56%
Varun Beverages Ltd's allocation increased from 0.95% to 1.51%
Oil India Ltd's allocation increased from 0.95% to 1.42%
Top Stocks sold last month
State Bank of India's allocation decreased from 2.87 % to 2.4 %
Indian Bank's allocation decreased from 2.33 % to 2.23 %
Voltas Ltd's allocation decreased from 2.2 % to 2.19 %
Large Cap allocation has gone down from 18.2% to 16%
Small Cap allocation has gone up from 9.3% to 9.5%
Mid Cap allocation has gone up from 65.2% to 66.1%
Cash allocation has gone up from 6.4% to 7.5%
Top 3 Sectors in March were Financial Services, Consumer Cyclical & Industrial
Mar'25
Financial Services
22%
Consumer Cyclical
15%
Industrial
14%
Feb'25
Financial Services
22%
Consumer Cyclical
17%
Industrial
15%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Max Healthcare Institute Ltd Ordinary Shares | 3.23% | 0% | |
 State Bank of India | 2.4% | -17.6% | |
 Indian Bank | 2.23% | 0% | |
 Voltas Ltd | 2.19% | 0% | |
 ICICI Bank Ltd | 2.18% | 0% |
See all
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
 Mahindra Manulife Mid Cap Fund Direct Growth | 11.2% | 22.49% | 32.79% | 18.83% |
 Invesco India Mid Cap Fund Direct Plan Growth Option | 22.63% | 23.96% | 32.42% | 21.29% |
 Nippon India Growth Fund - Direct Plan - Growth | 16.46% | 24.05% | 34.84% | 18.77% |
 Motilal Oswal Midcap Direct Growth | 15.41% | 27.23% | 38.06% | 23.53% |
See all
Top Growth Drivers | 1M Return |
|---|---|
 Solar Industries India Ltd | 14.9% |
 Hindustan Petroleum Corporation Ltd | 8.6% |
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Krishna Sanghavi
Fund Manager of Mahindra Manulife Mid Cap Fund Direct Growth, since 24 October 2024
Top funds managed
Manish Lodha
Fund Manager of Mahindra Manulife Mid Cap Fund Direct Growth, since 21 December 2020
Top funds managed
Fund House
Mahindra Manulife Investment Management Pvt. Ltd.
Total Schemes
Total AUM
₹25.98K Cr
as on 31-Mar-2025
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
This fund has one of the lowest expense ratio in the category (mid-cap). Its expense ratio is 0.48% which is lower than the category average expense ratio of 1.16%.
In the last 3 years, Motilal Oswal Midcap Direct Growth has given 27.23% return, outperforming this fund by 4.74% per annum.
Over the last 1 month, this fund has experienced a 10.8% growth in AUM moving from 3.06K Cr to 3.39K Cr.
In the last 1 year, Invesco India Mid Cap Fund Direct Plan Growth Option has given 22.63% return, outperforming this fund by 11.43%.
In the last 5 years, Motilal Oswal Midcap Direct Growth has given 38.06% return, outperforming this fund by 5.28% per annum.
Mahindra Manulife 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 18.83% since inception which is less than its category average return of 18.92%
Fund Allocations
This fund has an allocation of 92.53% in Equity, 0% in Debt and 7.47% in Cash related instruments
AUM size ₹3398 Cr
This fund has AUM of ₹3398 Cr which is less than its category average of ₹ 11741 Cr
Expense Ratio 0.48%
This fund has an expense ratio of 0.48% which is less than its category average expense ratio of 1.26%
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Frequently Asked Questions for Mahindra Manulife Mid Cap Fund Direct Growth
The current NAV of Mahindra Manulife Mid Cap Fund Direct Growth is ₹34.89 as on 21-Apr-2025.
Existing (Absolute + CAGR) as on 21-Apr-2025.
Mahindra Manulife Mid Cap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.86% | 1.86% |
6 Month Returns | -8.29% | -8.29% |
1 Year Returns | 11.2% | 11.2% |
3 Years Returns | 83.77% | 22.49% |
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.
0.48% as on March 2025
₹3398 Cr as on March 2025
Max Healthcare Institute Ltd Ordinary Shares(3.23%), State Bank of India(2.4%), Indian Bank(2.23%), Voltas Ltd(2.19%), ICICI Bank Ltd(2.18%) as on March 2025
Financial Services(19.96%), Consumer Cyclical(14.23%), Industrial(13.19%) as on March 2025
The alpha ratio for the Mahindra Manulife Mid Cap Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Mahindra Manulife Mid Cap Fund Direct Growth | 3.02 | 1.71 | 1.68 |
As on March 2025
The alpha for Mahindra Manulife Mid Cap Fund Direct Growth is calculated against Nifty Midcap 150 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 Mid Cap Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Mahindra Manulife Mid Cap Fund Direct Growth | 1.02 | 0.97 | 0.9 |
As on March 2025
The Beta for Mahindra Manulife Mid Cap Fund Direct Growth is calculated with Nifty Midcap 150 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 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 Mid Cap Fund Direct Growth | 0.29 | 0.89 | 1.5 |
As on March 2025
The sharpe ratio for Mahindra Manulife Mid Cap Fund Direct Growth is calculated with Nifty Midcap 150 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 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 Mid Cap Fund Direct Growth | 20.95 | 17.1 | 16.84 |
As on March 2025
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 March 2025. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.57 as on March 2025. It tells the consistency of the fund in generating superior risk-adjusted performance
Krishna Sanghavi, Manish Lodha are the fund managers of Mahindra Manulife Mid Cap Fund Direct Growth
The Exit load of Mahindra Manulife Mid Cap Fund Direct Growth is 1%