Mahindra Manulife Mid Cap Fund Direct Growth

Mahindra Manulife Mid Cap Fund Direct Growth

Equity

Mid-Cap

NAV as on 28-03-2025

₹ 34.1

▼-0.5%

1D

Inception Returns

18.6%

/yr

Historical NAV & Returns

Absolute
▲
▼

zero opening, trading, fund transfer fee
5689 people have invested ₹ 2.9Cr 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

  1. Mahindra Manulife Mid Cap Fund Direct Growth has ₹3067 Cr worth of assets under management (AUM) as on Feb 2025 and is less than category average.
  2. The fund has an expense ratio 0.5.

Returns

Mahindra Manulife Mid Cap Fund Direct Growth has given a CAGR return of 18.64% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 11.40%, 23.03% and 33.55% 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, 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 benefit
Dividends 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 ratio0.49%
Benchmark
S&P BSE Midcap TR INR
AUM₹3067 Cr
Inception Date23 January, 2018
Min Lumpsum/SIP₹1000/₹500
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
98.77%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
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.
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3Y returns in the top 25% of the category
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Beats FD returns for both 3Y & 5Y duration
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No bad points found for this fund.

Trailing Returns

as on (28-Mar-25)

Period
Mahindra Manulife Mid Cap Fund Direct Growth
Nifty Midcap 150
mid-cap
1M
8.5%
7.7%
7%
3M
-8.6%
-9.4%
-10.7%
6M
-14.1%
-14.3%
-15.1%
1Y
11.4%
7.6%
9%
3Y
23%
19.9%
19.2%
5Y
33.5%
34.3%
31.3%

Fund Distribution

as on (28-Feb-25)

  • Equity 93.6%

  • Debt & Cash 6.4%

Mid cap
65.2%
Large cap
18.2%
Small cap
9.3%
Sector Allocation

Feb'25

Jan'25

Dec'24

Financial Services
21.6%
Consumer Cyclical
17.3%
Industrial
15.4%
Health
10.7%
Consumer Defensive
8.6%
Basic Materials
8.4%
Tech
7.4%
Energy
4.3%
Communication
3.6%
Utilities
1.7%
Real Estate
0.9%
All changes are between Dec'24 and Feb'25
Dec'24
Fund Returns
-0.11%
Nifty Midcap 150
0.17%
Parameters
Feb'25
Jan'25
Dec'24
AUM
₹ 3.1K Cr
₹ 3.3K Cr
₹ 3.5K Cr
  • AUM of the fund stands at 3.1K Cr as of Feb'25
  • AUM decreased by 259.2 Cr between Feb'25 and Jan'25
Top Stocks bought last month
Voltas Ltd's allocation increased from 0.8% to 2.2%
Voltas Ltd's allocation increased from 0.8% to 2.2%
Jindal Steel & Power Ltd's allocation increased from 1.75% to 2.05%
Jindal Steel & Power Ltd's allocation increased from 1.75% to 2.05%
Abbott India Ltd's allocation increased from 1.1% to 1.39%
Abbott India Ltd's allocation increased from 1.1% to 1.39%
Top Stocks sold last month
Max Healthcare Institute Ltd Ordinary Shares's allocation decreased from 3.19 % to 3.19 %
Max Healthcare Institute Ltd Ordinary Shares's allocation decreased from 3.19 % to 3.19 %
State Bank of India's allocation decreased from 2.97 % to 2.87 %
State Bank of India's allocation decreased from 2.97 % to 2.87 %
Indian Bank's allocation decreased from 2.34 % to 2.33 %
Indian Bank's allocation decreased from 2.34 % to 2.33 %
Mid Cap allocation has gone down from 67.7% to 65.2%
Mid Cap allocation has gone down from 67.7% to 65.2%
Large Cap allocation has gone up from 16.1% to 18.2%
Large Cap allocation has gone up from 16.1% to 18.2%
Small Cap allocation has gone down from 12.1% to 9.3%
Small Cap allocation has gone down from 12.1% to 9.3%
Cash allocation has gone up from 4.1% to 6.4%
Cash allocation has gone up from 4.1% to 6.4%

Top 3 Sectors in February were Financial Services, Industrial & Consumer Cyclical

Feb'25
Financial Services
22%
Consumer Cyclical
17%
Industrial
15%
Jan'25
Financial Services
22%
Industrial
16%
Consumer Cyclical
14%

  • Equity

Holdings
Weight%
1M Change
Max Healthcare Institute Ltd Ordinary Shares
Max Healthcare Institute Ltd Ordinary Shares
3.19%
0%
State Bank of India
State Bank of India
2.87%
0%
Indian Bank
Indian Bank
2.33%
0%
Voltas Ltd
Voltas Ltd
2.2%
142.9%
The Federal Bank Ltd
The Federal Bank Ltd
2.17%
0%
See all

  • Returns %

  • Fund Ratios

  • Overview

Funds
1Y Returns
3Y Returns
5Y Returns
Since Inception
Mahindra Manulife Mid Cap Fund Direct Growth
Mahindra Manulife Mid Cap Fund Direct Growth
11.4%
23.03%
33.55%
18.64%
Invesco India Mid Cap Fund Direct Plan Growth Option
Invesco India Mid Cap Fund Direct Plan Growth Option
19.98%
23.77%
33.18%
21.07%
Motilal Oswal Midcap Direct Growth
Motilal Oswal Midcap Direct Growth
18.16%
29.72%
38.26%
23.71%
Kotak Emerging Equity Scheme Direct Growth
Kotak Emerging Equity Scheme Direct Growth
16.52%
20.47%
33.53%
20.51%
See all

  • Gainers

  • Losers

Top Growth Drivers
1M Return
Jindal Steel & Power Ltd
Jindal Steel & Power Ltd
6.8%
Godrej Industries Ltd
Godrej Industries Ltd
2.8%
Fund
Feb'25
Jan'25
Dec'24
No of Holdings
69
68
69
Top 5 Company Concentration
12.8%
14.1%
14.2%
Company having highest exposure
Max Healthcare Institute Ltd Ordinary Shares (3.2%)
Persistent Systems Ltd (3.5%)
Persistent Systems Ltd (3.6%)
No of Sectors
11
11
11
Top 5 Sectors Concentration
73.7%
73.3%
74.5%
Sector having highest exposure
Financial Services (21.6%)
Financial Services (21.6%)
Financial Services (22.7%)
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Krishna Sanghavi
Krishna Sanghavi
Fund Manager of Mahindra Manulife Mid Cap Fund Direct Growth, since 24 October 2024
Top funds managed
Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Mahindra Manulife Mid Cap Fund Direct Growth
23.03%
19.17%
Mahindra Manulife Value Fund Direct Growth
0%
17.07%
Manish Lodha
Manish Lodha
Fund Manager of Mahindra Manulife Mid Cap Fund Direct Growth, since 21 December 2020
Top funds managed
Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Mahindra Manulife Mid Cap Fund Direct Growth
23.03%
19.17%
Mahindra Manulife Large & Mid Cap Fund Direct Growth
15.18%
16.2%
Mahindra Manulife Multi Cap Fund Direct Plan Growth
18.19%
17.6%
Fund House
Mahindra Manulife Investment Management Pvt. Ltd.
Total Schemes
24
See all Mahindra schemes
Total AUM
₹27.55K Cr
as on 28-Feb-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

Insights icon
In the last 1 year, Invesco India Mid Cap Fund Direct Plan Growth Option has given 19.98% return, outperforming this fund by 8.58%.
Insights icon
This fund has one of the lowest expense ratio in the category (mid-cap). Its expense ratio is 0.49% which is lower than the category average expense ratio of 1.18%.
Insights icon
Over the last 3 months, this fund has experienced a 11.4% drop in AUM moving from 3.46K Cr to 3.06K Cr.
Insights icon
In the last 3 years, Motilal Oswal Midcap Direct Growth has given 29.72% return, outperforming this fund by 6.69% per annum.
Insights icon
In the last 5 years, Quant Mid Cap Fund Growth Option Direct Plan has given 39.35% return, outperforming this fund by 5.8% per annum.

Mahindra Manulife Mid Cap Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 18.64% since inception which is more than its category average return of 18.6%
Fund Allocations

Fund Allocations

This fund has an allocation of 93.59% in Equity, 0% in Debt and 6.41% in Cash related instruments
AUM size ₹3067 Cr

AUM size ₹3067 Cr

This fund has AUM of ₹3067 Cr which is less than its category average of ₹ 10864 Cr
Expense Ratio 0.49%

Expense Ratio 0.49%

This fund has an expense ratio of 0.49% which is less than its category average expense ratio of 1.21%
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More funds from Mahindra

Mahindra Manulife Focused Fund Direct Growth

Mahindra Manulife Focused Fund Direct Growth

3Y CAGR

▲ 20.44

Mahindra Manulife Multi Cap Fund Direct Plan Growth

Mahindra Manulife Multi Cap Fund Direct Plan Growth

5Y CAGR

▲ 31.65

Mahindra Manulife Consumption Fund Direct Growth

Mahindra Manulife Consumption Fund Direct Growth

5Y CAGR

▲ 23.53

Mahindra Manulife Flexi Cap Fund Direct Growth

Mahindra Manulife Flexi Cap Fund Direct Growth

3Y CAGR

▲ 16.56

Mahindra Manulife Large & Mid Cap Fund Direct Growth

Mahindra Manulife Large & Mid Cap Fund Direct Growth

5Y CAGR

▲ 29.01

Frequently Asked Questions for Mahindra Manulife Mid Cap Fund Direct Growth

The current NAV of Mahindra Manulife Mid Cap Fund Direct Growth is ₹34.1 as on 28-Mar-2025.
Existing (Absolute + CAGR) as on 28-Mar-2025.
Mahindra Manulife Mid Cap Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
8.49%
8.49%
6 Month Returns
-14.15%
-14.15%
1 Year Returns
11.4%
11.4%
3 Years Returns
86.24%
23.03%
5 Years Returns
324.81%
33.55%
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0.49% as on March 2025
₹3067 Cr as on March 2025
Max Healthcare Institute Ltd Ordinary Shares(3.19%), State Bank of India(2.87%), Indian Bank(2.33%), Voltas Ltd(2.2%), The Federal Bank Ltd(2.17%) as on March 2025
Financial Services(20.21%), Consumer Cyclical(16.24%), Industrial(14.46%) 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
3.22
1.87
2.63
As on March 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
1.01
0.97
0.86
As on March 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
-0.1
0.87
0.95
As on March 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
19.33
16.84
19.99
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 1.44 as on March 2025. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.63 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%