Mahindra Manulife Mid Cap Fund Direct Growth
Equity
Direct
Mid-Cap
NAV as on 21-02-2025
₹ 32.85
▲1.3%
1D
Inception Returns
18.4%
/yr
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 Manish Lodha, Krishna Sanghavi. The fund could potentially beat inflation in the long-run.
Key Parameters
- Mahindra Manulife Mid Cap Fund Direct Growth has ₹3326 Cr worth of assets under management (AUM) as on Jan 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 18.44% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.40%, 22.65% and 24.81% respectively.
Holdings
Mahindra Manulife Mid Cap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Basic Materials, Health, Tech, Consumer Defensive, Energy, Communication, Utilities, Real Estate. Its top holdings are Persistent Systems Ltd, Max Healthcare Institute Ltd Ordinary Shares, State Bank of India, Indian Bank, The Federal 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.
Historical NAV & Returns
Absolute
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5854 people have invested ₹ 3.3Cr in Mahindra Manulife Mid Cap Fund Direct Growth in the last three months
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
3Y 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 Mid Cap Fund Direct Growth Overview
| Expense ratio | 0.47% |
Benchmark | S&P BSE Midcap TR INR |
| AUM | ₹3326 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 |
Trailing Returns
as on (21-Feb-25)
Fund Distribution
as on (31-Jan-25)
Mid cap
67.7%
Large cap
16.1%
Small cap
12.1%
Sector Allocation
Financial Services
21.6%
Industrial
16.2%
Consumer Cyclical
14.3%
Basic Materials
10.9%
Health
10.4%
Tech
8%
Consumer Defensive
7.6%
Energy
4.6%
Communication
3.4%
Utilities
1.8%
Real Estate
1.3%
All changes are between Nov'24 and Jan'25
- AUM of the fund stands at 3.3K Cr as of Jan'25
- AUM decreased by 202.7 Cr between Jan'25 and Dec'24
Top Stocks bought last month
Persistent Systems Ltd's allocation increased from 2.11% to 3.48%
Escorts Kubota Ltd's allocation increased from 0.88% to 1.39%
AIA Engineering Ltd's allocation increased from 0.48% to 0.96%
Top Stocks sold last month
Max Healthcare Institute Ltd Ordinary Shares's allocation decreased from 3.2 % to 3.19 %
Piramal Enterprises Ltd's allocation decreased from 2.04 % to 2 %
Godrej Industries Ltd's allocation decreased from 2.45 % to 1.98 %
Large Cap allocation has gone up from 15.6% to 16.1%
Small Cap allocation has gone up from 11.8% to 12.1%
Mid Cap allocation has gone up from 65.4% to 67.7%
Cash allocation has gone down from 6% to 4.1%
Top 3 Sectors in January were Financial Services, Industrial & Consumer Cyclical
Jan'25
Financial Services
22%
Industrial
16%
Consumer Cyclical
14%
Dec'24
Financial Services
23%
Industrial
17%
Consumer Cyclical
13%
See all
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Manish Lodha
Fund Manager of Mahindra Manulife Mid Cap Fund Direct Growth, since 21 December 2020
Top funds managed
Krishna Sanghavi
Fund Manager of Mahindra Manulife Mid Cap Fund Direct Growth, since 24 October 2024
Top funds managed
Fund House
Mahindra Manulife Investment Management Pvt. Ltd.
Total Schemes
Total AUM
₹28.47K Cr
as on 31-Jan-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 0.47% which is lower than the category average expense ratio of 1.15%.
In the last 5 years, Quant Mid Cap Fund Growth Option Direct Plan has given 29.77% return, outperforming this fund by 4.96% per annum.
Over the last 1 month, this fund has experienced a 5.7% drop in AUM moving from 3.52K Cr to 3.32K Cr.
In the last 1 year, Motilal Oswal Midcap Direct Growth has given 23.85% return, outperforming this fund by 16.46%.
In the last 3 years, Motilal Oswal Midcap Direct Growth has given 29.5% return, outperforming this fund by 6.85% 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 18.44% since inception which is less than its category average return of 19.17%
Fund Allocations
This fund has an allocation of 95.94% in Equity, 0% in Debt and 4.06% in Cash related instruments
AUM size ₹3326 Cr
This fund has AUM of ₹3326 Cr which is less than its category average of ₹ 11898 Cr
Expense Ratio 0.47%
This fund has an expense ratio of 0.47% which is less than its category average expense ratio of 1.2%
Frequently Asked Questions for Mahindra Manulife Mid Cap Fund Direct Growth
The current NAV of Mahindra Manulife Mid Cap Fund Direct Growth is ₹32.85 as on 21-Feb-2025.
Existing (Absolute + CAGR) as on 21-Feb-2025.
Mahindra Manulife Mid Cap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -7.7% | -7.7% |
6 Month Returns | -13.07% | -13.07% |
1 Year Returns | 7.4% | 7.4% |
3 Years Returns | 84.5% | 22.65% |
5 Years Returns | 202.85% | 24.81% |
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.
0.47% as on January 2025
₹3326 Cr as on January 2025
Persistent Systems Ltd(3.48%), Max Healthcare Institute Ltd Ordinary Shares(3.19%), State Bank of India(2.97%), Indian Bank(2.34%), The Federal Bank Ltd(2.11%) as on January 2025
Financial Services(20.71%), Industrial(15.51%), Consumer Cyclical(13.7%) as on January 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 | 2.61 | 1.36 | 3.29 |
As on January 2025
The alpha for Mahindra Manulife Mid Cap Fund Direct Growth is calculated against S&P BSE Midcap 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 | 1.06 | 0.99 | 0.85 |
As on January 2025
The Beta for Mahindra Manulife Mid Cap Fund Direct Growth is calculated with S&P BSE Midcap 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 | 0.51 | 0.96 | 1.05 |
As on January 2025
The sharpe ratio for Mahindra Manulife Mid Cap Fund Direct Growth is calculated with S&P BSE Midcap 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 | 16.2 | 16.29 | 19.44 |
As on January 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 1.68 as on January 2025. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.49 as on January 2025. It tells the consistency of the fund in generating superior risk-adjusted performance
Manish Lodha, Krishna Sanghavi 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%