Mahindra Manulife Mid Cap Fund Direct Growth
Equity
Direct
Mid-Cap
NAV as on 19-11-2024
₹ 36.25
▲0.8%
1D
Inception Returns
20.8%
/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. The fund could potentially beat inflation in the long-run.
Key Parameters
- Mahindra Manulife Mid Cap Fund Direct Growth has ₹3341 Cr worth of assets under management (AUM) as on Oct 2024 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 20.78% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 39.15%, 24.48% and 29.31% respectively.
Holdings
Mahindra Manulife Mid Cap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Industrial, Basic Materials, Tech, Health, Energy, Consumer Defensive, Communication, Real Estate, Utilities. Its top holdings are Persistent Systems Ltd, State Bank of India, Max Healthcare Institute Ltd Ordinary Shares, LTIMindtree Ltd, Indian Bank
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 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 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
Annualised
▲
▼
6137 people have invested ₹ 4.1Cr 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 | 0.48% |
Benchmark | S&P BSE Midcap TR INR |
| AUM | ₹3341 Cr |
| Inception Date | 23 January, 2018 |
| Min Lumpsum/SIP | ₹1000/₹500 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 98.77% |
| 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)
Mid cap
65.6%
Large cap
19.2%
Small cap
12.1%
Sector Allocation
Financial Services
22.7%
Consumer Cyclical
15.4%
Industrial
14.6%
Basic Materials
12.2%
Tech
10.2%
Health
10%
Energy
4.7%
Consumer Defensive
3.9%
Communication
3.4%
Real Estate
1.5%
Utilities
1.5%
All changes are between Aug'24 and Oct'24
- This fund’s returns stands at -5.87% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at -6.72% as on Oct'24
- This fund outperformed Nifty Midcap 150 by 0.84% in Oct'24
- AUM of the fund stands at 3.3K Cr as of Oct'24
- AUM decreased by 101.7 Cr between Oct'24 and Sep'24
Top Stocks bought last month
Persistent Systems Ltd's allocation increased from 2.11% to 3.57%
Premier Energies Ltd's allocation increased from 0.03% to 0.95%
Indian Bank's allocation increased from 1.98% to 2.48%
Top Stocks sold last month
LTIMindtree Ltd's allocation decreased from 2.71 % to 2.56 %
Aurobindo Pharma Ltd's allocation decreased from 2.33 % to 2.3 %
CG Power & Industrial Solutions Ltd's allocation decreased from 2.2 % to 2.1 %
Small Cap allocation has gone up from 10.8% to 12.1%
Mid Cap allocation has gone up from 64.8% to 65.6%
Large Cap allocation has gone down from 20.6% to 19.2%
Cash allocation has gone down from 3.8% to 2.2%
Top 3 Sectors in October were Financial Services, Consumer Cyclical & Industrial
Oct'24
Financial Services
23%
Consumer Cyclical
15%
Industrial
15%
Sep'24
Financial Services
19%
Consumer Cyclical
17%
Industrial
15%
See all
Top Growth Drivers | 1M Return |
|---|---|
 CRISIL Ltd | 7.6% |
 Max Healthcare Institute Ltd | 4.9% |
 Indian Bank | 2.1% |
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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
₹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 1 year, Motilal Oswal Midcap Direct Growth has given 59.09% return, outperforming this fund by 19.94%.
In the last 3 years, Motilal Oswal Midcap Direct Growth has given 33.45% return, outperforming this fund by 8.97% per annum.
In the last 5 years, Quant Mid Cap Fund Growth Option Direct Plan has given 33.16% return, outperforming this fund by 3.85% per annum.
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 1.14%.
Over the last 6 months, this fund has experienced a 37.3% growth in AUM moving from 2.43K Cr to 3.34K Cr.
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 20.78% since inception which is more than its category average return of 18.83%
Fund Allocations
This fund has an allocation of 97.81% in Equity, 0% in Debt and 2.19% in Cash related instruments
AUM size ₹3341 Cr
This fund has AUM of ₹3341 Cr which is less than its category average of ₹ 9389 Cr
Expense Ratio 0.48%
This fund has an expense ratio of 0.48% which is less than its category average expense ratio of 1.36%
Frequently Asked Questions for Mahindra Manulife Mid Cap Fund Direct Growth
The current NAV of Mahindra Manulife Mid Cap Fund Direct Growth is ₹36.25 as on 19-Nov-2024.
Existing (Absolute + CAGR) as on 19-Nov-2024.
Mahindra Manulife Mid Cap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -6.15% | -6.15% |
6 Month Returns | 7.46% | 7.46% |
1 Year Returns | 39.15% | 39.15% |
3 Years Returns | 92.9% | 24.48% |
5 Years Returns | 261.5% | 29.31% |
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 October 2024
₹3341 Cr as on October 2024
Persistent Systems Ltd(3.57%), State Bank of India(3.14%), Max Healthcare Institute Ltd Ordinary Shares(3.05%), LTIMindtree Ltd(2.56%), Indian Bank(2.48%) as on October 2024
Financial Services(22.21%), Consumer Cyclical(15.05%), Industrial(14.24%) as on October 2024
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 | 6.95 | 2.41 | 3.93 |
As on October 2024
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 | 0.95 | 0.98 | 0.84 |
As on October 2024
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 | 2.46 | 1.18 | 1.21 |
As on October 2024
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 | 14.94 | 15.73 | 18.95 |
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 2.21 as on October 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.76 as on October 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Manish Lodha is the fund manager of Mahindra Manulife Mid Cap Fund Direct Growth
The Exit load of Mahindra Manulife Mid Cap Fund Direct Growth is 1%